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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Consolidated net income $ 574,277 [1] $ 539,097 [1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:    
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 852,028 831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued 305,121 342,641
Changes in working capital:    
Receivables (168,253) (177,445)
Fuel inventory (5,457) 5,002
Accounts payable (76,803) 23,094
Prepaid taxes and taxes accrued (2,810) 10,104
Interest accrued (39,404) (28,815)
Deferred fuel (198,052) (2,070)
Other working capital accounts (112,386) (126,824)
Changes in provisions for estimated losses (5,954) (30,218)
Changes in other regulatory assets 96,549 (22,703)
Changes in pensions and other postretirement liabilities (232,306) (74,187)
Other (9,301) 178,373
Net cash flow provided by operating activities 977,249 1,467,834
INVESTING ACTIVITIES    
Construction expenditures (991,293) (918,582)
Allowance for equity funds used during construction 38,681 30,926
Nuclear fuel purchases (403,168) (218,829)
Payment for purchase of plant (299,590)  
Proceeds from sale of assets and businesses   9,675
Changes in securitization account 9,106 (22,528)
NYPA value sharing payment (72,000) (72,000)
Payments to storm reserve escrow account (3,294) (3,030)
Receipts from storm reserve escrow account   9,925
Decrease (increase) in other investments (42,994) 55,430
Proceeds from nuclear decommissioning trust fund sales 636,359 1,487,387
Investment in nuclear decommissioning trust funds (699,530) (1,531,275)
Net cash flow used in investing activities (1,827,723) (1,172,901)
Proceeds from the issuance of:    
Long-term debt 1,075,180 525,789
Common stock and treasury stock 16,958 8,716
Retirement of long-term debt (555,940) (774,772)
Repurchase of common stock (159,602) (137,749)
Changes in credit borrowings - net 15,960 17,123
Dividends paid:    
Common stock (296,355) (298,796)
Preferred stock (10,031) (10,033)
Net cash flow provided by (used in) financing activities 86,170 (669,722)
Effect of exchange rates on cash and cash equivalents (310) 762
Net decrease in cash and cash equivalents (764,614) (374,027)
Cash and cash equivalents at beginning of period 1,294,472 1,709,551
Cash and cash equivalents at end of period 529,858 1,335,524
Cash paid/(received) during the period for:    
Interest - net of amount capitalized 267,493 268,624
Income taxes $ 77 $ 26,054
[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.