XML 68 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues $ 2,098 $ 2,469 $ 4,973 $ 5,823
OPERATING EXPENSES        
Energy Costs 761 1,010 1,940 2,573
Operation and Maintenance 629 575 1,257 1,226
Depreciation and Amortization 255 235 511 476
Taxes Other Than Income Taxes 20 28 49 71
Total Operating Expenses 1,665 1,848 3,757 4,346
OPERATING INCOME 433 621 1,216 1,477
Income from Equity Method Investments 2 4 2 7
Other Income 51 55 95 131
Other Deductions (19) (15) (35) (28)
Other-Than-Temporary Impairments (7) (1) (12) (5)
Interest Expense (103) (117) (204) (244)
INCOME BEFORE INCOME TAXES 357 547 1,062 1,338
Income Tax (Expense) Benefit (146) (227) (358) (556)
INCOME FROM CONTINUING OPERATIONS 211 320 704 782
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax (expense) benefit of $0 and $(36) for the three and six months ended 2011 0 3 0 67
Net Income 211 323 704 849
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (THOUSANDS):        
BASIC 505,903 505,988 505,956 505,984
DILUTED 506,969 506,761 506,999 506,945
EARNINGS PER SHARE:        
INCOME FROM CONTINUING OPERATIONS,BASIC $ 0.42 $ 0.63 $ 1.39 $ 1.55
NET INCOME $ 0.42 $ 0.63 $ 1.39 $ 1.68
INCOME FROM CONTINUING OPERATIONS, DILUTED $ 0.42 $ 0.63 $ 1.39 $ 1.54
NET INCOME $ 0.42 $ 0.63 $ 1.39 $ 1.67
DIVIDENDS PAID PER SHARE OF COMMON STOCK $ 0.3550 $ 0.3425 $ 0.7100 $ 0.6850
Power [Member]
       
Operating Revenues 985 1,285 2,546 3,252
OPERATING EXPENSES        
Energy Costs 447 603 1,269 1,738
Operation and Maintenance 284 271 525 548
Depreciation and Amortization 58 56 115 110
Total Operating Expenses 789 930 1,909 2,396
OPERATING INCOME 196 355 637 856
Other Income 37 49 67 119
Other Deductions (17) (14) (32) (26)
Other-Than-Temporary Impairments (7) (1) (12) (3)
Interest Expense (32) (41) (62) (92)
INCOME BEFORE INCOME TAXES 177 348 598 854
Income Tax (Expense) Benefit (73) (143) (241) (352)
INCOME FROM CONTINUING OPERATIONS 104 205 357 502
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax (expense) benefit of $0 and $(36) for the three and six months ended 2011 0 3 0 67
Net Income 104 208 357 569
PSE And G [Member]
       
Operating Revenues 1,407 1,571 3,346 3,877
OPERATING EXPENSES        
Energy Costs 622 815 1,624 2,181
Operation and Maintenance 350 304 726 672
Depreciation and Amortization 188 172 378 351
Taxes Other Than Income Taxes 20 28 49 71
Total Operating Expenses 1,180 1,319 2,777 3,275
OPERATING INCOME 227 252 569 602
Other Income 12 4 23 9
Other Deductions (1) 0 (2) (1)
Other-Than-Temporary Impairments 0 0 0 (1)
Interest Expense (74) (78) (147) (157)
INCOME BEFORE INCOME TAXES 164 178 443 452
Income Tax (Expense) Benefit (63) (73) (145) (184)
Net Income $ 101 $ 105 $ 298 $ 268