XML 85 R39.htm IDEA: XBRL DOCUMENT v2.3.0.15
Segment Information (Details) (USD $)
In Millions
3 Months Ended9 Months Ended12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Operating Revenue$ 1,643$ 2,067$ 4,686$ 5,522 
Operating Expenses1,4481,8554,1404,986 
Operating Income195212546536 
Interest Expense6468189240 
Other Income (Expense)762717 
Loss on Extinguishment of Debt (135) (135) 
Income Tax Expense (Benefit) Related to Continuing Operations55(6)14352 
Total Assets (excluding Assets Held For Sale)14,570 14,570 14,480
Goodwill1,407 1,407 1,407
Depreciation and amortization115104325286 
Gain on early termination of finance leases held in trust  39  
Gain on early termination of finance leases held in trust, after tax  3  
Restructuring charge 14 1430
Divestiture-related claims expense 9 11 
State tax benefit   (14) 
Write off of deferred tax asset related to Medicare Part D subsidy, ultimately offset against state tax benefits   (4) 
Power Delivery [Member]
     
Operating Revenue1,3291,6003,6714,011 
Operating Expenses1,167[1]1,418[2],[3],[4]3,255[5]3,583[4],[6],[7] 
Operating Income162182416428 
Interest Income1 11 
Interest Expense5351155155 
Other Income (Expense)762315 
Preferred Stock Dividends     
Income Tax Expense (Benefit) Related to Continuing Operations5161100[8]128[9] 
Net Income (Loss) from Continuing Operations6676185161 
Total Assets (excluding Assets Held For Sale)11,01510,56911,01510,569 
Construction Expenditures239181603526 
Goodwill1,4001,4001,4001,400 
Depreciation and amortization10797301264 
Reversal of valuation allowances on tax deferred tax assets22 22  
Restructuring charge 13 13 
Reversal of accrued interest income on uncertain, effectively settled tax positions   8 
State tax benefit  14  
Other Non-Regulated [Member]
     
Operating Revenue7153541 
Operating Expenses2[1] [3],[4](34)[10],[5]3[4],[7] 
Operating Income5156938 
Interest Income  22 
Interest Expense32109 
Other Income (Expense)(3)(1)(4)(2) 
Loss on Extinguishment of Debt     
Preferred Stock Dividends1122 
Income Tax Expense (Benefit) Related to Continuing Operations(7)225[8]8 
Net Income (Loss) from Continuing Operations5930[10]19 
Total Assets (excluding Assets Held For Sale)1,4671,5241,4671,524 
Depreciation and amortization  11 
Pepco Energy Services [Member]
     
Operating Revenue3124579931,480 
Operating Expenses300[1]442[3],[4]952[5]1,417[4],[7] 
Operating Income12154163 
Interest Income1 1  
Interest Expense13313 
Other Income (Expense)1 31 
Loss on Extinguishment of Debt     
Preferred Stock Dividends     
Income Tax Expense (Benefit) Related to Continuing Operations5416[8]20 
Net Income (Loss) from Continuing Operations882631 
Total Assets (excluding Assets Held For Sale)611617611617 
Construction Expenditures42113 
Depreciation and amortization451314 
Corporate And Other [Member]
     
Operating Revenue(5)[11](5)[12](13)[13](10)[14] 
Operating Expenses(21)[1],[11](5)[12],[3],[4](33)[13],[5](17)[14],[4],[7] 
Operating Income16[11] [12]20[13]7[14] 
Interest Income(2)[11] (4)[13](3)[14] 
Interest Expense7[11]12[12]21[13]63[14] 
Other Income (Expense)(1)[11]1[12]1[13]2[14] 
Loss on Extinguishment of Debt 135[12] 135[14] 
Preferred Stock Dividends(1)[11](1)[12](2)[13](2)[14] 
Income Tax Expense (Benefit) Related to Continuing Operations6[11](73)[12],[15]2[13],[8](104)[14],[16] 
Net Income (Loss) from Continuing Operations1[11](72)[12](4)[13](86)[14] 
Total Assets (excluding Assets Held For Sale)1,475[11],[13]1,325[12],[14]1,475[11],[13]1,325[12],[14] 
Construction Expenditures9[11]4[12]25[13]22[14] 
Depreciation and amortization42107 
Restructuring charge 1 1 
PHI Consolidated [Member]
     
Operating Revenue1,6432,0674,6865,522 
Operating Expenses1,448[1]1,855[3],[4]4,140[5]4,986[4],[7] 
Operating Income195212546536 
Interest Expense6468189240 
Other Income (Expense)462316 
Loss on Extinguishment of Debt 135 135 
Income Tax Expense (Benefit) Related to Continuing Operations55(6)143[8]52 
Net Income (Loss) from Continuing Operations8021237125 
Total Assets (excluding Assets Held For Sale)14,56814,03514,56814,035 
Construction Expenditures252187639551 
Intersegment [Member]
     
Operating Revenue(5)(5)(13)(10) 
Operating Expenses(6)(2)(12)(7) 
Interest Income(7)(6)(17)(31) 
Interest Expense(6)(5)(15)(30) 
Preferred Stock Dividends $ (1)$ (2)$ (2) 
[1]Includes depreciation and amortization of $115 million, consisting of $107 million for Power Delivery, $4 million for Pepco Energy Services, and $4 million for Corporate and Other.
[2]Includes $9 million expense related to effects of Pepco divestiture-related claims.
[3]Includes depreciation and amortization of $104 million, consisting of $97 million for Power Delivery, $5 million for Pepco Energy Services and $2 million for Corporate and Other.
[4]Includes restructuring charge of $14 million, consisting of $13 million for Power Delivery and $1 million for Corporate and Other.
[5]Includes depreciation and amortization of $325 million, consisting of $301 million for Power Delivery, $13 million for Pepco Energy Services, $1 million for Other Non-Regulated, and $10 million for Corporate and Other.
[6]Includes $11 million expense related to effects of Pepco divestiture-related claims.
[7]Includes depreciation and amortization of $286 million, consisting of $264 million for Power Delivery, $14 million for Pepco Energy Services, $1 million for Other Non-Regulated and $7 million for Corporate and Other.
[8]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 cross-border energy leases held in trust.
[9]Includes $8 million reversal of accrued interest income on uncertain and effectively settled state income tax positions.
[10]Includes $39 million pre-tax ($3 million after-tax) gain from the early termination of cross-border energy leases held in trust.
[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, $(6) million for Operating Expense, $(7) million for Interest Income and $(6) million for Interest Expense.
[12]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, $(2) million for Operating Expense, $(6) million for Interest Income, $(5) million for Interest Expense, and $(1) million for Preferred Stock Dividends.
[13]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 $(13) million for Operating Revenue, $(12) million for Operating Expense, $(17) million for Interest Income, $(15) million for Interest Expense, and $(2) million for Preferred Stock Dividends.
[14]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 $(10) million for Operating Revenue, $(7) million for Operating Expense, $(31) million for Interest Income, $(30) million for Interest Expense, and $(2) million for Preferred Stock Dividends.
[15]Includes current state tax benefits resulting from the restructuring of certain Pepco Holdings subsidiaries which have subjected Pepco Holdings to state income taxes in new jurisdictions.
[16]Includes $14 million of state tax benefits resulting from the restructuring of certain Pepco Holdings subsidiaries, partially offset by a charge of $4 million to write off deferred tax assets related to the Medicare Part D subsidy.