XML 54 R118.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Information (Schedule Of Quarterly Financial Information) (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Quarterly Financial Information [Line Items]                        
Total Operating Revenue $ 1,134 $ 1,476 $ 1,179 $ 1,292 $ 1,253 $ 1,648 $ 1,412 $ 1,638   $ 5,081 $ 5,951 $ 7,040
Total Operating Expenses 1,019 [1] 1,212 [1],[2] 1,027 [1] 1,153 [1] 1,162 1,453 1,210 [3] 1,489   4,411 [1] 5,314 6,416
Operating Income 115 264 152 139 91 195 202 149   670 637 624
Other Expenses (58) (59) (55) (57) (62) (60) (53) (53)   (229) (228) (474)
Income (Loss) Before Income Tax Expense (Benefit) 57 205 97 82 29 135 149 96   441 409 150
Income Tax Expense (Benefit)Related to Continuing Operations 14 93 [4] 35 14 6 55 54 [5] 34   156 149 11
Income Tax (Benefit) Expense                 15      
Net income from continuing operations         23 80 95 [3] 62   285 260 139
Income (Loss) From Discontinued Operations, net of taxes         (4)   (1) 2   0 (3) (107)
NET INCOME 43 112 [2] 62 68 19 80 94 64   285 257 32
Basic and Diluted Earnings Per Share of Common Stock                        
Earnings Per Share of Common Stock from Continuing Operations         $ 0.10 $ 0.35 $ 0.42 $ 0.27     $ 1.15  
Earnings (Loss) Per Share of Common Stock from Discontinued Operations         $ (0.02)     $ 0.01     $ (0.01)  
Basic and Diluted Earnings Per Share of Common Stock         $ 0.08 $ 0.35 $ 0.42 $ 0.28     $ 1.14  
Basic earnings per share of common stock $ 0.18 $ 0.49 $ 0.27 $ 0.30           $ 1.25 $ 1.14 $ 0.14
Diluted earnings per share of common stock $ 0.18 $ 0.49 $ 0.27 $ 0.30           $ 1.24 $ 1.14 $ 0.14
Cash Dividends Per Share of Common Stock $ 0.27 $ 0.27 $ 0.27 $ 0.27 $ 0.27 $ 0.27 $ 0.27 $ 0.27   $ 1.08 $ 1.08 $ 1.08
Potomac Electric Power Co [Member]
                       
Quarterly Financial Information [Line Items]                        
Total Operating Revenue 445 582 456 465 435 603 506 534   1,948 2,078 2,288
Total Operating Expenses 390 475 401 425 400 521 454 491   1,691 1,866 2,058
Operating Income 55 107 55 40 35 82 52 43   257 212 230
Other Expenses (20) (22) (20) (21) (20) (21) (18) (18)   (83) (77) (85)
Income (Loss) Before Income Tax Expense (Benefit) 35 85 35 19 15 61 34 25   174 135 145
Income Tax Expense (Benefit)Related to Continuing Operations                   48 36 37
Income Tax (Benefit) Expense 10 35 8 (5) [6] 4 [7] 23 [7] 2 [7] 7 [7]   48 36 [7]  
NET INCOME 25 50 27 24 11 38 32 18   126 99 108
Delmarva Power & Light Co/De [Member]
                       
Quarterly Financial Information [Line Items]                        
Total Operating Revenue 301 340 259 333 294 326 284 400   1,233 1,304 1,400
Total Operating Expenses 263 297 229 290 259 297 248 351   1,079 1,155 1,287
Operating Income 38 43 30 43 35 29 36 49   154 149 113
Other Expenses (11) (10) (8) (8) (10) (8) (9) (9)   (37) (36) (37)
Income (Loss) Before Income Tax Expense (Benefit) 27 33 22 35 25 21 27 40   117 113 76
Income Tax Expense (Benefit)Related to Continuing Operations                   44 42 31
Income Tax (Benefit) Expense 10 11 9 14 10 [8] 10 [8] 5 [8] 17 [8]   44 42 [8]  
NET INCOME 17 22 13 21 15 11 22 23   73 71 45
Atlantic City Electric Co [Member]
                       
Quarterly Financial Information [Line Items]                        
Total Operating Revenue 259 413 270 256 250 399 304 315   1,198 1,268 1,430
Total Operating Expenses 246 364 230 239 237 347 256 289   1,079 1,129 1,270
Operating Income 13 49 40 17 13 52 48 26   119 139 160
Other Expenses (17) (16) (17) (16) (18) (18) (16) (15)   (66) (67) (64)
Income (Loss) Before Income Tax Expense (Benefit) (4) 33 23 1 (5) 34 32 11   53 72 96
Income Tax Expense (Benefit)Related to Continuing Operations                   18 33 43
Income Tax (Benefit) Expense (3) 13 9 (1) (3) [9] 17 [9] 14 [9] 5 [9]   18 33 [9]  
NET INCOME $ (1) $ 20 $ 14 $ 2 $ (2) $ 17 $ 18 $ 6   $ 35 $ 39 $ 53
[1] Includes impairment losses of $12 million pre-tax ($7 million after-tax) at Pepco Energy Services associated primarily with investments in landfill gas-fired electric generation facilities, and the combustion turbines at Buzzard Point.
[2] Includes $39 million pre-tax ($9 million after-tax) gain from the early termination of cross-border energy leases.
[3] Includes $39 million pre-tax ($3 million after-tax) gain from the early termination of cross-border energy leases.
[4] Includes a $16 million charge related to the recognition of the tax consequences associated with the early termination of cross-border energy leases.
[5] 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 charge related to the recognition of the tax consequences associated with the early termination of cross-border energy leases.
[6] Includes tax benefits of $10 million (after-tax), primarily related to the settlement of an uncertain tax position with the IRS related to the methodology used historically to calculate deductible mixed service costs and the expiration of the statute of limitations associated with an uncertain tax position.
[7] Includes tax benefits of $5 million (after-tax) associated with an interest benefit related to federal tax liabilities and an additional tax benefit of $4 million (after-tax) related to the filing of amended state tax returns, each recorded in the second quarter.
[8] Includes tax benefits of $4 million (after-tax) associated with an interest benefit related to federal tax liabilities in the second quarter and an additional tax expense of $1 million (after-tax) resulting from a recalculation of interest on uncertain tax positions for open tax years in the third quarter.
[9] Includes tax expense of $1 million (after-tax) associated with interest related to federal tax liabilities in the second quarter and an additional tax expense of $3 million (after-tax) resulting from a recalculation of interest on uncertain tax positions for open tax years in the third quarter.