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Consolidated Statements of Income and Comprehensive Income (Unaudited) (Ohio Edison Company) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Excise and gross receipts tax collections $ 107 $ 116 $ 228 $ 235
Total revenues 2,279 2,590 4,790 4,925
OPERATING EXPENSES:        
Purchased power 1,156 1,220 2,503 2,406
Other operating expenses 914 1,065 1,726 2,058
Provision for depreciation 292 287 577 512
Amortization of regulatory assets, net 62 90 137 222
General taxes 232 242 504 479
Total operating expenses 3,312 3,539 6,644 6,765
OPERATING INCOME (LOSS) 557 521 1,303 871
OTHER INCOME (EXPENSE):        
Investment income 13 31 24 52
Interest expense (274) (265) (520) (496)
Capitalized interest 19 20 36 38
Total other income (expense) (242) (214) (460) (406)
INCOME BEFORE INCOME TAXES 315 307 843 465
INCOME TAXES (BENEFITS) 127 114 349 225
NET INCOME 188 193 494 240
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 188 193 494 240
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (48) 48 (101) 4
Change in unrealized gain on available-for-sale securities 2 10 12 19
Other comprehensive income (loss) (43) 75 (88) 34
Income taxes (benefits) on other comprehensive income (loss) (27) 33 (51) 14
Other comprehensive income (loss), net of tax (16) 42 (37) 20
COMPREHENSIVE INCOME 172 235 457 260
OE
       
REVENUES:        
Electric sales 364 360 723 724
Excise and gross receipts tax collections 24 25 51 53
Total revenues 388 385 774 777
OPERATING EXPENSES:        
Other operating expenses 119 106 240 202
Provision for depreciation 25 23 49 46
Amortization of regulatory assets, net 15 2 15 3
General taxes 46 46 96 95
Total operating expenses 309 309 626 632
OPERATING INCOME (LOSS) 79 76 148 145
OTHER INCOME (EXPENSE):        
Investment income 5 4 9 9
Interest expense (23) (22) (45) (44)
Capitalized interest 1 1 2 1
Total other income (expense) (17) (17) (34) (34)
INCOME BEFORE INCOME TAXES 62 59 114 111
INCOME TAXES (BENEFITS) 21 18 42 38
NET INCOME 41 41 72 73
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 41 41 72 73
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (7) (7) (17) (15)
Change in unrealized gain on available-for-sale securities 0 2 0 2
Other comprehensive income (loss) (7) (5) (17) (13)
Income taxes (benefits) on other comprehensive income (loss) (4) (3) (9) (7)
Other comprehensive income (loss), net of tax (3) (2) (8) (6)
COMPREHENSIVE INCOME 38 39 64 67
OE | Affiliates
       
OPERATING EXPENSES:        
Purchased power 38 69 90 163
OE | Non-Affiliates
       
OPERATING EXPENSES:        
Purchased power $ 66 $ 63 $ 136 $ 123