Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense (benefit) consists of the following for the years ended December 31 (in millions):



	2013			2012			2011

Current:
Federal	$	54		$	(112	)	$	(151	)
State	13			(3		)	(10		)
Total	67			(115		)	(161		)

Deferred:
Federal	204			283			338
State	29			33			40
Total	233			316			378

Investment tax credits	(3		)	(4		)	(4		)
Total income tax expense	$	297		$	197		$	213

Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows for the years ended December 31:



	2013		2012		2011

Federal statutory income tax rate	35	%	35	%	35	%
State income taxes, net of federal income tax benefit	3		3		2
Federal income tax credits⁽¹⁾	(7	)	(9	)	(10	)
Other	(1	)	(2	)	1
Effective income tax rate	30	%	27	%	28	%


(1)	Primarily attributable to the impact of federal renewable electricity production tax credits for qualifying wind-powered generating facilities that extend 10 years from the date the facilities were placed in service.

Components of Net Deferred Income Tax Liability [Table Text Block]

The net deferred income tax liability consists of the following as of December 31 (in millions):



	2013			2012

Deferred income tax assets:
Regulatory liabilities	$	355		$	346
Employee benefits	98			219
Derivative contracts and unamortized contract values	76			109
State carryforwards	68			69
Loss contingencies	67			61
Asset retirement obligations	48			46
Other	86			106
	798			956
Deferred income tax liabilities:
Property, plant and equipment	(4,528		)	(4,269		)
Regulatory assets	(525		)	(695		)
Other	(38		)	(48		)
	(5,091		)	(5,012		)
Net deferred income tax liability	$	(4,293	)	$	(4,056	)

Reflected as:
Deferred income taxes - current assets	$	66		$	112
Deferred income taxes - noncurrent liabilities	(4,359		)	(4,168		)
	$	(4,293	)	$	(4,056	)

Summary of Operating Loss Carryforwards [Table Text Block]

The following table provides PacifiCorp's net operating loss and tax credit carryforwards and expiration dates as of December 31, 2013 (in millions):



	State

Net operating loss carryforwards	$	1,451
Deferred income taxes on net operating loss carryforwards	$	52
Expiration dates	2014 - 2032

Tax credit carryforwards	$	16
Expiration dates	2014 - indefinite