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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Revenue      
Power Delivery $ 4,650 $ 5,114 $ 4,980
Pepco Energy Services 1,238 1,883 2,383
Other 32 42 39
Total Operating Revenue 5,920 7,039 7,402
Operating Expenses      
Fuel and purchased energy 3,422 4,631 5,330
Other services cost of sales 172 140 85
Other operation and maintenance 914 884 819
Restructuring charge   30  
Depreciation and amortization 426 393 349
Other taxes 451 434 368
Gain on early termination of finance leases held in trust (39)    
Deferred electric service costs (63) (108) (161)
Impairment Losses     4
Effects of Pepco divestiture-related claims   11 (40)
Total Operating Expenses 5,283 6,415 [1],[2] 6,754
Operating Income 637 624 648
Other Income (Expenses)      
Interest and dividend income 1   2
Interest expense (254) (306) (340)
(Loss) gain from equity investments (3) (1) 2
Loss on extinguishment of debt   (189)  
Impairment losses (5)    
Other income 33 22 16
Other expenses (228) (474) [3] (1)
Total Other Expenses (228) (474) (321)
Income From Continuing Operations Before Income Tax Expense 409 150 327
Income Tax Expense Related to Continuing Operations 149 [4] 11 104
Net Income from Continuing Operations 260 139 223
Income Tax Expense 28 21 12
(Loss) Income from Discontinued Operations, net of Income Taxes (3) (107) 12
Net Income (Loss) 257 32 235
Basic and Diluted Share Information      
Weighted average shares outstanding 226 224 221
Earnings per share of common stock from Continuing Operations $ 1.15 $ 0.62 $ 1.01
(Loss) earnings per share of common stock from Discontinued Operations $ (0.01) $ (0.48) $ 0.05
Basic and Diluted Earnings Per Share of Common Stock $ 1.14 $ 0.14 $ 1.06
Potomac Electric Power Co [Member]
     
Operating Revenue      
Total Operating Revenue 2,078 2,288 2,231
Operating Expenses      
Purchased energy 893 1,152 1,223
Other operation and maintenance 420 354 328
Restructuring charge   15  
Depreciation and amortization 171 162 145
Other taxes 382 364 302
Effects of Pepco divestiture-related claims   11 (40)
Total Operating Expenses 1,866 2,058 1,958
Operating Income 212 230 273
Other Income (Expenses)      
Interest and dividend income   1 1
Interest expense (94) (98) (100)
Other income 17 12 9
Other expenses     (1)
Total Other Expenses (77) (85) (91)
Income From Continuing Operations Before Income Tax Expense 135 145 182
Income Tax Expense 36 37 76
Net Income (Loss) 99 108 106
Delmarva Power & Light Co/De [Member]
     
Operating Revenue      
Electric 1,074 1,163 1,135
Natural Gas 230 237 268
Total Operating Revenue 1,304 1,400 1,403
Operating Expenses      
Purchased energy 635 740 751
Gas purchased 155 164 193
Other operation and maintenance 239 255 238
Restructuring charge   8  
Depreciation and amortization 89 83 76
Other taxes 37 37 35
Total Operating Expenses 1,155 1,287 1,293
Operating Income 149 113 110
Other Income (Expenses)      
Interest and dividend income     1
Interest expense (44) (44) (44)
Other income 8 7 1
Total Other Expenses (36) (37) (42)
Income From Continuing Operations Before Income Tax Expense 113 76 68
Income Tax Expense 42 31 16
Net Income (Loss) 71 45 52
Atlantic City Electric Co [Member]
     
Operating Revenue      
Total Operating Revenue 1,268 1,430 1,351
Operating Expenses      
Purchased energy 807 1,030 1,076
Other operation and maintenance 226 204 190
Restructuring charge   6  
Depreciation and amortization 134 112 102
Other taxes 25 26 21
Deferred electric service costs (63) (108) (161)
Total Operating Expenses 1,129 1,270 1,228
Operating Income 139 160 123
Other Income (Expenses)      
Interest expense (69) (65) (67)
Other income 2 1 2
Total Other Expenses (67) (64) (65)
Income From Continuing Operations Before Income Tax Expense 72 96 58
Income Tax Expense 33 43 17
Net Income (Loss) $ 39 $ 53 $ 41
[1] Includes restructuring charges of $14 million and $16 million in the third and fourth quarters, respectively.
[2] Includes expenses of $2 million and $9 million in the second and third quarters, respectively, related to the effects of Pepco divestiture-related claims.
[3] Includes debt extinguishment costs of $135 million and $54 million in the third and fourth quarters, respectively.
[4] Includes tax benefits of $14 million in the second quarter primarily associated with an interest benefit related to federal tax liabilities and a $22 million reversal of previously recognized tax benefits in the second quarter associated with the early termination of cross-border energy leases held in trust.