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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2013
Reconciliation Of Effective Income Tax Rate From Continuing Operations
     Three Months Ended March 31,  
     2013     2012  
     (millions of dollars)  

Income tax at Federal statutory rate

   $ (103 )     35.0   $ 26       35.0

Increases (decreases) resulting from:

        

State income taxes, net of Federal effect

     5       (1.7 )%      4       5.4

Asset removal costs

     (3 )     1.0     (3 )     (4.1 )% 

Changes in estimates and interest related to uncertain and effectively settled tax positions

     67       (22.7 )%      (13 )     (17.6 )% 

Cross-border energy lease investments

     64       (21.7 )%      (1 )     (1.4 )% 

Establishment of valuation allowances related to deferred tax assets

     101       (34.2 )%      —         —     

Other, net

     4       (1.5 )%      (2 )     (2.4 )% 
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated income tax expense related to continuing operations

   $ 135       (45.8 )%    $ 11       14.9
  

 

 

   

 

 

   

 

 

   

 

 

 
Delmarva Power & Light Co/De [Member]
 
Reconciliation Of Effective Income Tax Rate From Continuing Operations
     Three Months Ended March 31,  
     2013     2012  
     (millions of dollars)  

Income tax at Federal statutory rate

   $ 15       35.0   $ 12        35.0

Increases (decreases) resulting from:

         

State income taxes, net of Federal effect

     2       4.7     2        5.7

Changes in estimates and interest related to uncertain and effectively settled tax positions

     (1     (2.4 )%      —           —     

Other, net

     —         0.8     —          (0.7 )% 
  

 

 

   

 

 

   

 

 

    

 

 

 

Income tax expense

   $ 16       38.1   $ 14        40.0
  

 

 

   

 

 

   

 

 

    

 

 

 
Potomac Electric Power Co [Member]
 
Reconciliation Of Effective Income Tax Rate From Continuing Operations
     Three Months Ended March 31,  
     2013     2012  
     (millions of dollars)  

Income tax at Federal statutory rate

   $ 9         35.0   $ 7        35.0

Increases (decreases) resulting from:

        

State income taxes, net of Federal effect

     2       8.0     1       6.3

Asset removal costs

     (3 )     (12.0 )%      (3 )     (15.8 )% 

Changes in estimates and interest related to uncertain and effectively settled tax positions

     (5 )     (20.0 )%      (10 )     (50.5 )%

Other, net

     (1 )     (3.0 )%      —         (1.3 )% 
  

 

 

   

 

 

   

 

 

   

 

 

 

Income tax expense (benefit)

   $ 2       8.0   $ (5 )     (26.3 )%