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Consolidated Statements of Income and Comprehensive Income (Unaudited) (Ohio Edison Company) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Excise and gross receipts tax collections $ 123 $ 137 $ 351 $ 371
Total revenues 2,624 3,041 7,414 7,966
OPERATING EXPENSES:        
Purchased power 1,312 1,349 3,815 3,755
Other operating expenses 856 993 2,582 3,051
Provision for depreciation 282 297 859 809
Amortization of regulatory assets, net 61 122 198 344
General taxes 257 269 761 748
Total operating expenses 3,404 3,662 10,048 10,427
OPERATING INCOME (LOSS) 907 1,057 2,210 1,928
OTHER INCOME (EXPENSE):        
Investment income 39 48 63 100
Interest expense (230) (267) (750) (763)
Capitalized interest 18 17 54 55
Total other income (expense) (173) (202) (633) (608)
INCOME BEFORE INCOME TAXES 734 855 1,577 1,320
INCOME TAXES (BENEFITS) 309 325 658 550
NET INCOME 425 530 919 770
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 425 530 919 770
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (47) (48) (148) (44)
Change in unrealized gain on available-for-sale securities 1 (26) 13 (7)
Other comprehensive income (loss) (46) (72) (134) (38)
Income taxes (benefits) on other comprehensive income (loss) (24) (26) (75) (12)
Other comprehensive income (loss), net of tax (22) (46) (59) (26)
COMPREHENSIVE INCOME 403 484 860 744
OE
       
REVENUES:        
Electric sales 426 441 1,149 1,165
Excise and gross receipts tax collections 28 29 79 82
Total revenues 454 470 1,228 1,247
OPERATING EXPENSES:        
Other operating expenses 124 114 364 316
Provision for depreciation 26 23 75 69
Amortization of regulatory assets, net 42 46 57 49
General taxes 52 51 148 146
Total operating expenses 361 371 987 1,003
OPERATING INCOME (LOSS) 93 99 241 244
OTHER INCOME (EXPENSE):        
Investment income 8 11 17 20
Interest expense (23) (22) (68) (66)
Capitalized interest 0 0 2 1
Total other income (expense) (15) (11) (49) (45)
INCOME BEFORE INCOME TAXES 78 88 192 199
INCOME TAXES (BENEFITS) 34 34 76 72
NET INCOME 44 54 116 127
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 44 54 116 127
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (7) (6) (24) (21)
Change in unrealized gain on available-for-sale securities 0 (3) 0 (1)
Other comprehensive income (loss) (7) (9) (24) (22)
Income taxes (benefits) on other comprehensive income (loss) (4) (4) (13) (11)
Other comprehensive income (loss), net of tax (3) (5) (11) (11)
COMPREHENSIVE INCOME 41 49 105 116
OE | Affiliates
       
OPERATING EXPENSES:        
Purchased power 38 57 128 220
OE | Non-Affiliates
       
OPERATING EXPENSES:        
Purchased power $ 79 $ 80 $ 215 $ 203