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Guarantees of Debt (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule Of Financial Statements Of Guarantors
The following table presents financial information for the guarantor subsidiaries as well as Power’s non-guarantor subsidiaries as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011 and 2010.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Power
 
Guarantor
Subsidiaries
 
Other
Subsidiaries
 
Consolidating
Adjustments
 
Total
 
 
 
 
Millions
 
 
Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
—

 
$
6,238

 
$
125

 
$
(1,498
)
 
$
4,865

 
 
Operating Expenses
 
7

 
5,118

 
115

 
(1,498
)
 
3,742

 
 
Operating Income (Loss)
 
(7
)
 
1,120

 
10

 
—

 
1,123

 
 
Equity Earnings (Losses) of Subsidiaries
 
688

 
(10
)
 
—

 
(678
)
 
—

 
 
Other Income
 
45

 
206

 
—

 
(52
)
 
199

 
 
Other Deductions
 
(31
)
 
(59
)
 
—

 
—

 
(90
)
 
 
Other-Than-Temporary Impairments
 
—

 
(18
)
 
—

 
—

 
(18
)
 
 
Interest Expense
 
(118
)
 
(51
)
 
(18
)
 
53

 
(134
)
 
 
Income Tax Benefit (Expense)
 
70

 
(501
)
 
(2
)
 
—

 
(433
)
 
 
Net Income (Loss)
 
$
647

 
$
687

 
$
(10
)
 
$
(677
)
 
$
647

 
 
  Comprehensive Income (Loss)
 
$
595

 
$
681

 
$
(10
)
 
$
(671
)
 
$
595

 
 
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
$
3,922

 
$
8,084

 
$
940

 
$
(10,712
)
 
$
2,234

 
 
Property, Plant and Equipment, net
 
80

 
5,988

 
950

 
—

 
7,018

 
 
Investment in Subsidiaries
 
4,317

 
733

 
—

 
(5,050
)
 
—

 
 
Noncurrent Assets
 
201

 
1,660

 
60

 
(141
)
 
1,780

 
 
Total Assets
 
$
8,520

 
$
16,465

 
$
1,950

 
$
(15,903
)
 
$
11,032

 
 
Current Liabilities
 
$
482

 
$
10,187

 
$
1,010

 
$
(10,712
)
 
$
967

 
 
Noncurrent Liabilities
 
559

 
1,960

 
207

 
(140
)
 
2,586

 
 
Long-Term Debt
 
2,040

 
—

 
—

 
—

 
2,040

 
 
Member’s Equity
 
5,439

 
4,318

 
733

 
(5,051
)
 
5,439

 
 
Total Liabilities and Member’s Equity
 
$
8,520

 
$
16,465

 
$
1,950

 
$
(15,903
)
 
$
11,032

 
 
Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided By (Used In) Operating Activities
 
$
298

 
$
1,562

 
$
(7
)
 
$
(474
)
 
$
1,379

 
 
Net Cash Provided By (Used In) Investing Activities
 
$
715

 
$
(1,206
)
 
$
(27
)
 
$
170

 
$
(348
)
 
 
Net Cash Provided By (Used In) Financing Activities
 
$
(1,013
)
 
$
(361
)
 
$
33

 
$
305

 
$
(1,036
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Power
 
Guarantor
Subsidiaries
 
Other
Subsidiaries
 
Consolidating
Adjustments
 
Total
 
 
 
 
Millions
 
 
Year Ended December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
—

 
$
7,452

 
$
146

 
$
(1,455
)
 
$
6,143

 
 
Operating Expenses
 
5

 
5,673

 
150

 
(1,456
)
 
4,372

 
 
Operating Income (Loss)
 
(5
)
 
1,779

 
(4
)
 
1

 
1,771

 
 
Equity Earnings (Losses) of Subsidiaries
 
1,175

 
92

 
—

 
(1,267
)
 
—

 
 
Other Income
 
40

 
195

 
—

 
(45
)
 
190

 
 
Other Deductions
 
(28
)
 
(51
)
 
—

 
—

 
(79
)
 
 
Other-Than-Temporary Impairments
 
(1
)
 
(19
)
 
—

 
—

 
(20
)
 
 
Interest Expense
 
(146
)
 
(56
)
 
(18
)
 
45

 
(175
)
 
 
Income Tax Benefit (Expense)
 
63

 
(762
)
 
14

 
—

 
(685
)
 
 
Income (Loss) on Discontinued Operations, net of Tax Benefit
 
—

 
—

 
97

 
(1
)
 
96

 
 
Net Income (Loss)
 
$
1,098

 
$
1,178

 
$
89

 
$
(1,267
)
 
$
1,098

 
 
  Comprehensive Income (Loss)
 
$
917

 
$
1,055

 
$
89

 
$
(1,144
)
 
$
917

 
 
As of December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
$
4,311

 
$
7,248

 
$
951

 
$
(9,823
)
 
$
2,687

 
 
Property, Plant and Equipment, net
 
66

 
5,715

 
950

 
—

 
6,731

 
 
Investment in Subsidiaries
 
4,185

 
804

 
—

 
(4,989
)
 
—

 
 
Noncurrent Assets
 
179

 
1,557

 
51

 
(118
)
 
1,669

 
 
Total Assets
 
$
8,741

 
$
15,324

 
$
1,952

 
$
(14,930
)
 
$
11,087

 
 
Current Liabilities
 
$
172

 
$
9,549

 
$
1,003

 
$
(9,822
)
 
$
902

 
 
Noncurrent Liabilities
 
440

 
1,589

 
145

 
(118
)
 
2,056

 
 
Long-Term Debt
 
2,685

 
—

 
—

 
—

 
2,685

 
 
Member’s Equity
 
5,444

 
4,186

 
804

 
(4,990
)
 
5,444

 
 
Total Liabilities and Member’s Equity
 
$
8,741

 
$
15,324

 
$
1,952

 
$
(14,930
)
 
$
11,087

 
 
Year Ended December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided By (Used In) Operating Activities
 
$
609

 
$
2,427

 
$
(284
)
 
$
(940
)
 
$
1,812

 
 
Net Cash Provided By (Used In) Investing Activities
 
$
596

 
$
(1,171
)
 
$
594

 
$
(597
)
 
$
(578
)
 
 
Net Cash Provided By (Used In) Financing Activities
 
$
(1,205
)
 
$
(1,256
)
 
$
(309
)
 
$
1,537

 
$
(1,233
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Power
 
Guarantor
Subsidiaries
 
Other
Subsidiaries
 
Consolidating
Adjustments
 
Total
 
 
 
 
Millions
 
 
Year Ended December 31, 2010
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
—

 
$
7,746

 
$
125

 
$
(1,313
)
 
$
6,558

 
 
Operating Expenses
 
9

 
5,760

 
139

 
(1,313
)
 
4,595

 
 
Operating Income (Loss)
 
(9
)
 
1,986

 
(14
)
 
—

 
1,963

 
 
Equity Earnings (Losses) of Subsidiaries
 
1,182

 
(15
)
 
—

 
(1,167
)
 
—

 
 
Other Income
 
45

 
170

 
—

 
(45
)
 
170

 
 
Other Deductions
 
(4
)
 
(49
)
 
—

 
—

 
(53
)
 
 
Other-Than-Temporary Impairments
 
—

 
(9
)
 
—

 
—

 
(9
)
 
 
Interest Expense
 
(113
)
 
(67
)
 
(22
)
 
45

 
(157
)
 
 
Income Tax Benefit (Expense)
 
42

 
(834
)
 
14

 
—

 
(778
)
 
 
Income (Loss) on Discontinued Operations, net of Tax Benefit
 
—

 
—

 
7

 
—

 
7

 
 
Net Income (Loss)
 
$
1,143

 
$
1,182

 
$
(15
)
 
$
(1,167
)
 
$
1,143

 
 
  Comprehensive Income (Loss)
 
$
1,109

 
$
1,130

 
$
(15
)
 
$
(1,115
)
 
$
1,109

 
 
Year Ended December 31, 2010
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided By (Used In) Operating Activities
 
$
467

 
$
2,249

 
$
28

 
$
(1,178
)
 
$
1,566

 
 
Net Cash Provided By (Used In) Investing Activities
 
$
(252
)
 
$
(1,567
)
 
$
(34
)
 
$
648

 
$
(1,205
)
 
 
Net Cash Provided By (Used In) Financing Activities
 
$
(216
)
 
$
(687
)
 
$
(40
)
 
$
529

 
$
(414
)