Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

Components of Discontinued Operations

Following are the components of Discontinued Operations in the Statements of Income.

	2011		2010		2009
Operating revenues	$	19	$	113	$	106
Operating expenses (a)		11		156		42
Operating income (loss)		8		(43)		64
Other income (expense) - net				2		2
Interest expense (b)		3		11		9
Income (loss) before income taxes		5		(52)		57
Income tax expense (benefit)		3		(18)		24
Income (Loss) from Discontinued Operations	$	2	$	(34)	$	33

(a)       2010 includes the impairments to the carrying value of the non-core generation facilities and the write-off of allocated goodwill.

(b)       Represents allocated interest expense based upon debt attributable to the generation facilities sold.

Following are the components of Discontinued Operations in the Statements of Income.

	2009
Operating revenues	$	24
Operating expenses (a)		73
Operating income (loss)		(49)
Interest expense (b)		4
Income (loss) before income taxes		(53)
Income tax expense (benefit)		(20)
Income (Loss) from Discontinued Operations	$	(33)

(a)Includes impairment charges.

(b)Represents allocated interest expense based upon debt attributable to the Long Island generation business sold.

Following are the components of Discontinued Operations in the Statements of Income.

	2010		2009
Operating revenues			$	5
Operating expenses (a)	$	(25)		(34)
Operating income		25		39
Other income (expense) - net				3
Interest expense (b)				1
Income before income taxes		25		41
Income tax expense		10		17
Income from Discontinued Operations	$	15	$	24

(a)       Includes the gains recorded on the sales.

(b)Represents allocated interest expense based upon debt attributable to the Maine hydroelectric generation business sold.