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Segment Information (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Depreciation and amortization $ 105,000,000 $ 93,000,000 $ 210,000,000 $ 182,000,000
Reversal of valuation allowances on tax deferred tax assets   8,000,000   8,000,000
Segment reporting information deferred tax asset writeoff related to the Medicare Part D       4,000,000
Pre-tax gain from the early termination of finance leases     39,000,000  
State tax benefit       8,000,000
Power Delivery [Member]
       
Operating Revenue 1,093,000,000 1,149,000,000 2,342,000,000 2,411,000,000
Operating Expenses 957,000,000 [1] 996,000,000 [2] 2,088,000,000 [3] 2,165,000,000 [4]
Operating Income 136,000,000 153,000,000 254,000,000 246,000,000
Interest Income   1,000,000   1,000,000
Interest Expense 52,000,000 53,000,000 102,000,000 104,000,000
Other Income (Expenses) 8,000,000 5,000,000 16,000,000 9,000,000
Income Tax Expense (Benefit) 20,000,000 [5] 41,000,000 49,000,000 [5] 67,000,000 [6]
Net Income (Loss) from Continuing Operations 72,000,000 65,000,000 119,000,000 85,000,000
Total Assets 10,803,000,000 10,429,000,000 10,803,000,000 10,429,000,000
Construction Expenditures 204,000,000 194,000,000 364,000,000 345,000,000
Goodwill 1,400,000,000 1,400,000,000 1,400,000,000 1,400,000,000
Depreciation and amortization 97,000,000 85,000,000 194,000,000 167,000,000
After-tax state income tax benefit   8,000,000    
Accrued interest income on uncertain and effectively settled income tax positions       8,000,000
Tax benefits related to federal tax liabilities 14,000,000   14,000,000  
Reversal of valuation allowances on tax deferred tax assets 22,000,000   22,000,000  
Pepco Energy Services [Member]
       
Operating Revenue 308,000,000 476,000,000 681,000,000 1,023,000,000
Operating Expenses 295,000,000 [1] 453,000,000 [2] 652,000,000 [3] 975,000,000 [4]
Operating Income 13,000,000 23,000,000 29,000,000 48,000,000
Interest Expense 1,000,000 5,000,000 2,000,000 10,000,000
Other Income (Expenses) 1,000,000   2,000,000 1,000,000
Income Tax Expense (Benefit) 5,000,000 [5] 8,000,000 11,000,000 [5] 16,000,000
Net Income (Loss) from Continuing Operations 8,000,000 10,000,000 18,000,000 23,000,000
Total Assets 615,000,000 653,000,000 615,000,000 653,000,000
Construction Expenditures 6,000,000   7,000,000 1,000,000
Depreciation and amortization 5,000,000 5,000,000 9,000,000 9,000,000
Other Non-Regulated [Member]
       
Operating Revenue 14,000,000 13,000,000 28,000,000 26,000,000
Operating Expenses (38,000,000) [1],[7] 2,000,000 [2] (36,000,000) [3],[7] 3,000,000 [4]
Operating Income 52,000,000 11,000,000 64,000,000 23,000,000
Interest Income 1,000,000 1,000,000 2,000,000 2,000,000
Interest Expense 4,000,000 3,000,000 7,000,000 7,000,000
Other Income (Expenses)     (1,000,000) (1,000,000)
Preferred Stock Dividends     1,000,000 1,000,000
Income Tax Expense (Benefit) 30,000,000 [5] 3,000,000 32,000,000 [5] 6,000,000
Net Income (Loss) from Continuing Operations 19,000,000 [7] 6,000,000 25,000,000 [7] 10,000,000
Total Assets 1,461,000,000 1,462,000,000 1,461,000,000 1,462,000,000
Depreciation and amortization 1,000,000 1,000,000 1,000,000 1,000,000
Corporate And Other [Member]
       
Operating Revenue (6,000,000) [8] (2,000,000) [9] (8,000,000) [10] (5,000,000) [11]
Operating Expenses (7,000,000) [1],[8] (8,000,000) [2],[9] (12,000,000) [10],[3] (12,000,000) [11],[4]
Operating Income 1,000,000 [8] 6,000,000 [9] 4,000,000 [10] 7,000,000 [11]
Interest Income (1,000,000) [8] (2,000,000) [9] (2,000,000) [10] (3,000,000) [11]
Interest Expense 6,000,000 [8] 28,000,000 [9] 14,000,000 [10] 51,000,000 [11]
Other Income (Expenses) 1,000,000 [8]   2,000,000 [10] 1,000,000 [11]
Preferred Stock Dividends     (1,000,000) [10] (1,000,000) [11]
Income Tax Expense (Benefit) (1,000,000) [5],[8] (19,000,000) [12],[9] (4,000,000) [10],[5] (31,000,000) [11],[13]
Net Income (Loss) from Continuing Operations (4,000,000) [8] (5,000,000) [9] (5,000,000) [10] (14,000,000) [11]
Total Assets 1,354,000,000 [10],[8] 1,442,000,000 [11],[9] 1,354,000,000 [10],[8] 1,442,000,000 [11],[9]
Construction Expenditures 6,000,000 [8] 12,000,000 [9] 16,000,000 [10] 18,000,000 [11]
Depreciation and amortization 2,000,000 2,000,000 6,000,000 5,000,000
Operating Revenue (6,000,000) (2,000,000) (8,000,000) (5,000,000)
Operating Expense (4,000,000) (1,000,000) (6,000,000) (5,000,000)
Interest Income (5,000,000) (13,000,000) (10,000,000) 25,000,000
Interest Expense (5,000,000) (13,000,000) (9,000,000) (25,000,000)
Preferred Stock Dividends     (1,000,000) (1,000,000)
PHI Consolidated [Member]
       
Operating Revenue 1,409,000,000 1,636,000,000 3,043,000,000 3,455,000,000
Operating Expenses 1,207,000,000 [1] 1,443,000,000 [2] 2,692,000,000 [3] 3,131,000,000 [4]
Operating Income 202,000,000 193,000,000 351,000,000 324,000,000
Interest Expense 63,000,000 89,000,000 125,000,000 172,000,000
Other Income (Expenses) 10,000,000 5,000,000 19,000,000 10,000,000
Income Tax Expense (Benefit) 54,000,000 [5] 33,000,000 88,000,000 [5] 58,000,000
Net Income (Loss) from Continuing Operations 95,000,000 76,000,000 157,000,000 104,000,000
Total Assets 14,233,000,000 13,986,000,000 14,233,000,000 13,986,000,000
Construction Expenditures $ 216,000,000 $ 206,000,000 $ 387,000,000 $ 364,000,000
[1] Includes depreciation and amortization of $105 million, consisting of $97 million for Power Delivery, $5 million for Pepco Energy Services, $1 million for Other Non-Regulated, and $2 million for Corporate and Other.
[2] Includes depreciation and amortization of $93 million, consisting of $85 million for Power Delivery, $5 million for Pepco Energy Services, $1 million for Other Non-Regulated and $2 million for Corporate and Other.
[3] Includes depreciation and amortization of $210 million, consisting of $194 million for Power Delivery, $9 million for Pepco Energy Services, $1 million for Other Non-Regulated, and $6 million for Corporate and Other.
[4] Includes depreciation and amortization of $182 million, consisting of $167 million for Power Delivery, $9 million for Pepco Energy Services, $1 million for Other Non-Regulated and $5 million for Corporate and Other.
[5] Includes tax benefits of $14 million for Power Delivery primarily associated with an interest benefit related to federal tax liabilities and a $22 million reversal of previously recognized tax benefits for Other Non-Regulated associated with the early termination of finance leases held in trust.
[6] Includes $8 million reversal of accrued interest income on uncertain and effectively settled state income tax positions.
[7] Includes $39 million pre-tax ($3 million after-tax) gain from the early termination of finance leases held in trust.
[8] Total Assets in this column includes Pepco Holdings' goodwill balance of $1.4 billion, all of which is allocated to the Power Delivery segment for purposes of assessing impairment. Total assets also include capital expenditures related to certain hardware and software expenditures which primarily benefit the Power Delivery business. These expenditures are recorded as incurred in the Corporate and Other segment and are allocated to Power Delivery once the assets are placed in service. Additionally, Corporate and Other includes intercompany amounts of $(6) million for Operating Revenue, $(4) million for Operating Expense, $(5) million for Interest Income and $(5) million for Interest Expense.
[9] Total Assets in this column includes Pepco Holdings' goodwill balance of $1.4 billion, all of which is allocated to the Power Delivery segment for purposes of assessing impairment. Total assets also include capital expenditures related to certain hardware and software expenditures which primarily benefit the Power Delivery business. These expenditures are recorded as incurred in the Corporate and Other segment and are allocated to Power Delivery once the assets are place in service. Additionally, Corporate and Other includes intercompany amounts of $(2) million for Operating Revenue, $(1) million for Operating Expense, $(13) million for Interest Income and $(13) million for Interest Expense.
[10] Total Assets in this column includes Pepco Holdings' goodwill balance of $1.4 billion, all of which is allocated to the Power Delivery segment for purposes of assessing impairment. Total assets also include capital expenditures related to certain hardware and software expenditures which primarily benefit the Power Delivery business. These expenditures are recorded as incurred in the Corporate and Other segment and are allocated to Power Delivery once the assets are placed in service. Additionally, Corporate and Other includes intercompany amounts of $(8) million for Operating Revenue, $(6) million for Operating Expense, $(10) million for Interest Income, $(9) million for Interest Expense, and $(1) million for Preferred Stock Dividends.
[11] Total Assets in this column includes Pepco Holdings' goodwill balance of $1.4 billion, all of which is allocated to the Power Delivery segment for purposes of assessing impairment. Total assets also include capital expenditures related to certain hardware and software expenditures which primarily benefit the Power Delivery business. These expenditures are recorded as incurred in the Corporate and Other segment and are allocated to Power Delivery once the assets are placed in service. Additionally, Corporate and Other includes intercompany amounts of $(5) million for Operating Revenue, $(5) million for Operating Expense, $(25) million for Interest Income, $(25) million for Interest Expense, and $(1) million for Preferred Stock Dividends.
[12] Includes $8 million state tax benefit from changed apportionment arising from the restructuring of certain PHI subsidiaries.
[13] Includes $8 million state tax benefit from changed apportionment arising from the restructuring of certain PHI subsidiaries and the release of $8 million of valuation allowances on deferred tax assets related to state net operating losses, partially offset by a charge of $4 million to write off a deferred tax asset related to the Medicare Part D subsidy.