XML 77 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Loss) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating Revenue $ 1,344 $ 1,389 $ 3,575 $ 3,569
Operating Expenses        
Fuel and purchased energy 579 648 1,587 1,658
Other services cost of sales 37 38 112 132
Other operation and maintenance 208 228 647 668
Depreciation and amortization 124 122 352 343
Other taxes 119 121 325 330
Deferred electric service costs 42 29 39 (6)
Impairment losses    2    5
Total Operating Expenses 1,109 1,188 3,062 3,130
Operating Income 235 201 513 439
Other Income (Expenses)        
Interest Expense (68) (66) (205) (190)
Other income 8 9 24 27
Total Other Expenses (60) (57) (181) (163)
Income from Continuing Operations Before Income Tax Expense 175 144 332 276
Income Tax Expense Related to Continuing Operations 65 57 280 92
Net Income from Continuing Operations 110 87 52 184
Income (Loss) from Discontinued Operations, Net of Income Taxes 8 25 (322) 58
Net Income (Loss) 118 112 (270) 242
Basic and Diluted Share Information        
Weighted average shares outstanding - Basic 249 229 245 228
Weighted average shares outstanding - Diluted 249 231 245 229
Earnings per share of common stock from Continuing Operations - Basic and Diluted $ 0.44 $ 0.38 $ 0.21 $ 0.80
Earnings (Loss) per share of common stock from Discontinued Operations - Basic and Diluted $ 0.04 $ 0.11 $ (1.31) $ 0.26
Basic and Diluted earnings (loss) per share $ 0.48 $ 0.49 $ (1.10) $ 1.06
Potomac Electric Power Co [Member]
       
Operating Revenue        
Operating Revenue 605 582 1,551 1,503
Operating Expenses        
Purchased energy 227 227 576 572
Other operation and maintenance 95 97 292 301
Depreciation and amortization 51 48 147 143
Other taxes 103 103 280 285
Total Operating Expenses 476 475 1,295 1,301
Operating Income 129 107 256 202
Other Income (Expenses)        
Interest Expense (28) (27) (82) (76)
Other income 5 5 14 13
Total Other Expenses (23) (22) (68) (63)
Income from Continuing Operations Before Income Tax Expense 106 85 188 139
Income Tax Expense Related to Continuing Operations 40 35 62 38
Net Income (Loss) 66 50 126 101
Delmarva Power & Light Co/De [Member]
       
Operating Revenue        
Electric 273 314 795 808
Natural gas 23 26 137 124
Operating Revenue 296 340 932 932
Operating Expenses        
Purchased energy 142 178 422 443
Gas purchased 11 15 80 77
Other operation and maintenance 59 65 191 192
Depreciation and amortization 27 29 79 78
Other taxes 10 10 29 26
Total Operating Expenses 249 297 801 816
Operating Income 47 43 131 116
Other Income (Expenses)        
Interest Expense (13) (12) (38) (34)
Other income 3 2 7 8
Total Other Expenses (10) (10) (31) (26)
Income from Continuing Operations Before Income Tax Expense 37 33 100 90
Income Tax Expense Related to Continuing Operations 14 11 39 34
Net Income (Loss) 23 22 61 56
Atlantic City Electric Co [Member]
       
Operating Revenue        
Operating Revenue 396 413 944 939
Operating Expenses        
Purchased energy 198 226 509 555
Other operation and maintenance 58 66 177 178
Depreciation and amortization 38 37 101 92
Other taxes 5 6 11 14
Deferred electric service costs 42 29 39 (6)
Total Operating Expenses 341 364 837 833
Operating Income 55 49 107 106
Other Income (Expenses)        
Interest Expense (17) (17) (52) (52)
Other income    1    3
Total Other Expenses (17) (16) (52) (49)
Income from Continuing Operations Before Income Tax Expense 38 33 55 57
Income Tax Expense Related to Continuing Operations 13 13 14 21
Net Income (Loss) $ 25 $ 20 $ 41 $ 36