New And Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

Components Of Net Periodic Benefit Cost

	Pension Benefits						Other Benefits
	Three Months Ended June 30,
(in millions)	2014			2013			2014			2013
Service cost for benefits earned	$	96		$	115		$	11		$	13
Interest cost		173			156			19			18
Expected return on plan assets		(201	)		(163	)		(26	)		(20	)
Amortization of prior service cost		5			5			5			5
Amortization of net actuarial loss		1			28			1			2
Net periodic benefit cost		74			141			10			18
Less: transfer to regulatory account (1)		9			(56	)		-			-
Total	$	83		$	85		$	10		$	18

 ⁽¹⁾ The Utility recorded these amounts to a regulatory account since they are probable of recovery from customers in future rates.

	Pension Benefits						Other Benefits
	Six Months Ended June 30,
(in millions)	2014			2013			2014			2013
Service cost for benefits earned	$	195		$	230		$	22		$	26
Interest cost		346			312			38			37
Expected return on plan assets		(403	)		(325	)		(52	)		(40	)
Amortization of prior service cost		10			10			11			11
Amortization of net actuarial loss		1			55			1			3
Net periodic benefit cost		149			282			20			37
Less: transfer to regulatory account (1)		19			(113	)		-			-
Total	$	168		$	169		$	20		$	37

 ⁽¹⁾ The Utility recorded these amounts to a regulatory account since they are probable of recovery from customers in future rates.

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

	Pension			Other			Other
	Benefits			Benefits			Investments			Total
(in millions, net of income tax)	Three Months Ended June 30, 2014
Beginning balance	$	(7	)	$	15		$	47		$	55
Other comprehensive income before reclassifications:
Gain on investments (net of taxes of $0, $0, and $3,
respectively)		-			-			5			5
Amounts reclassified from other comprehensive income:
Amortization of prior service cost (net of taxes of
$2, $2, and $0, respectively) (1)		3			3			-			6
Amortization of net actuarial loss (net of taxes of
$0, $0, and $0, respectively) (1)		1			1			-			2
Transfer to regulatory account (net of taxes of
$2, $2, and $0, respectively) (1)		(4	)		(4	)		-			(8	)
Realized gain on investments (net of taxes of
$0, $0, and $10, respectively)		-			-			(16	)		(16	)
Net current period other comprehensive loss		-			-			(11)			(11)
Ending balance	$	(7)		$	15		$	36		$	44

 ⁽¹⁾ These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension			Other			Other
	Benefits			Benefits			Investments		Total
(in millions, net of income tax)	Three Months Ended June 30, 2013
Beginning balance	$	(28	)	$	(73	)	$	10	$	(91	)
Other comprehensive income before reclassifications:
Gain on investments (net of taxes of $0, $0, and $11,
respectively)		-			-			16		16
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of
$2, $2, and $0, respectively)		3			3			-		6
Amortization of net actuarial loss (net of taxes of
$12, $1, and $0, respectively)		16			1			-		17
Transfer to regulatory account (net of taxes of
$13, $0, and $0, respectively)		(19	)		-			-		(19	)
Net current period other comprehensive income		-			4			16		20
Ending balance	$	(28)		$	(69)		$	26	$	(71)

 ⁽¹⁾ These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension			Other			Other
	Benefits			Benefits			Investments			Total
(in millions, net of income tax)	Six Months Ended June 30, 2014
Beginning balance	$	(7	)	$	15		$	42		$	50
Other comprehensive income before reclassifications:
Gain on investments (net of taxes of $0, $0, and $7,
respectively)		-			-			10			10
Amounts reclassified from other comprehensive income:
Amortization of prior service cost (net of taxes of
$4, $4, and $0, respectively) (1)		6			7			-			13
Amortization of net actuarial loss (net of taxes of
$0, $0, and $0, respectively) (1)		1			1			-			2
Transfer to regulatory account (net of taxes of
$4, $4, and $0, respectively) (1)		(7	)		(8	)		-			(15	)
Realized gain on investments (net of taxes of
$0, $0, and $10, respectively)		-			-			(16	)		(16	)
Net current period other comprehensive loss		-			-			(6)			(6)
Ending balance	$	(7)		$	15		$	36		$	44

 ⁽¹⁾ These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension			Other			Other
	Benefits			Benefits			Investments		Total
(in millions, net of income tax)	Six Months Ended June 30, 2013
Beginning balance	$	(28	)	$	(77	)	$	4	$	(101	)
Other comprehensive income before reclassifications:
Gain on investments (net of taxes of $0, $0, and $15,
respectively)		-			-			22		22
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of
$4, $5, and $0, respectively)		6			6			-		12
Amortization of net actuarial loss (net of taxes of
$23, $1, and $0, respectively)		32			2			-		34
Transfer to regulatory account (net of taxes of
$26, $0, and $0, respectively)		(38	)		-			-		(38	)
Net current period other comprehensive income		-			8			22		30
Ending balance	$	(28)		$	(69)		$	26	$	(71)

 ⁽¹⁾ These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)