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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents ($215 and $290 related to VIEs, respectively) $ 217 $ 290
Accounts and notes receivable ($73 and $58 related to VIEs, respectively), less bad debt reserve of $1 and $3, respectively 302 237
Accounts and notes receivable–affiliated companies 9 119
Accrued unbilled revenues 112 96
Inventory 125 126
Taxes receivable 0 103
Deferred tax asset 2 2
Other ($38 and $47 related to VIEs, respectively) 46 74
Total current assets 813 1,047
Property, Plant and Equipment:    
Property, plant and equipment 9,941 9,393
Less: accumulated depreciation and amortization 3,191 3,050
Property, plant and equipment, net 6,750 6,343
Regulatory assets ($2,465 and $2,738 related to VIEs, respectively) 2,355 2,629
Other 44 34
Total other assets 2,399 2,663
Total Assets 9,962 10,053
Current Liabilities:    
Current portion of VIE transition and system restoration bonds long-term debt 390 372
Accounts payable 120 148
Accounts and notes payable–affiliated companies 215 121
Taxes accrued 128 104
Interest accrued 63 75
Other 94 109
Total current liabilities 1,010 929
Other Liabilities:    
Deferred income taxes, net 1,899 2,001
Benefit obligations 260 260
Regulatory liabilities 567 537
Other 58 54
Total other liabilities 2,784 2,852
Long-term Debt:    
VIE transition and system restoration bonds 2,346 2,674
Other 2,006 2,006
Total long-term debt $ 4,352 $ 4,680
Commitments and Contingencies (Note 8)
Member’s Equity:    
Common stock $ 0 $ 0
Paid-in capital 1,322 1,322
Retained earnings 494 270
Total member’s equity 1,816 1,592
Total Liabilities and Member’s Equity $ 9,962 $ 10,053