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Consolidated Statements of Income and Comprehensive Income (Jersey Central Power & Light Company) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Excise and gross receipts tax collections $ 455 $ 486 $ 428
Total revenues 9,637 10,400 9,820
OPERATING EXPENSES:      
Purchased power 4,237 4,875 4,624
Other operating expenses 3,769 3,964 2,714
Pensions and OPEB mark-to-market adjustment 609 507 190
Provision for depreciation 1,124 1,066 750
Deferral of storm costs (375) (145) (14)
Amortization of regulatory assets, net 307 474 736
General taxes 985 978 776
Total operating expenses 13,127 14,449 11,596
OPERATING INCOME (LOSS) 2,176 1,698 1,743
OTHER INCOME (EXPENSE):      
Interest expense (1,001) (1,008) (845)
Capitalized interest 72 70 165
Total other income (expense) (852) (255) (563)
INCOME BEFORE INCOME TAXES 1,324 1,443 1,180
INCOME TAXES (BENEFITS) 553 574 462
NET INCOME 771 869 718
STATEMENTS OF COMPREHENSIVE INCOME      
NET INCOME 771 869 718
OTHER COMPREHENSIVE INCOME (LOSS):      
Pension and OPEB prior service costs (115) (90) (220)
Other comprehensive income (loss) (120) (48) (176)
Income taxes (benefits) on other comprehensive income (loss) (79) (49) (74)
Other comprehensive income (loss), net of tax (41) 1 (102)
COMPREHENSIVE INCOME 730 870 616
JCP&L
     
REVENUES:      
Electric sales 1,990 2,445 2,976
Excise and gross receipts tax collections 37 50 51
Total revenues 2,027 2,495 3,027
OPERATING EXPENSES:      
Purchased power 1,069 1,382 1,736
Other operating expenses 599 403 329
Pensions and OPEB mark-to-market adjustment 65 60 26
Provision for depreciation 109 103 107
Deferral of storm costs (279) (92) (19)
Amortization of regulatory assets, net 52 200 340
General taxes 55 67 65
Total operating expenses 1,670 2,123 2,584
OPERATING INCOME (LOSS) 357 372 443
OTHER INCOME (EXPENSE):      
Miscellaneous income 4 11 6
Interest expense (122) (124) (120)
Capitalized interest 1 2 1
Total other income (expense) (117) (111) (113)
INCOME BEFORE INCOME TAXES 240 261 330
INCOME TAXES (BENEFITS) 107 117 147
NET INCOME 133 144 183
STATEMENTS OF COMPREHENSIVE INCOME      
NET INCOME 133 144 183
OTHER COMPREHENSIVE INCOME (LOSS):      
Pension and OPEB prior service costs (19) (27) (17)
Other comprehensive income (loss) (19) (27) (17)
Income taxes (benefits) on other comprehensive income (loss) (12) (15) (10)
Other comprehensive income (loss), net of tax (7) (12) (7)
COMPREHENSIVE INCOME $ 126 $ 132 $ 176