XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating revenues:    
Commodity revenue $ 2,396 $ 2,063
Mark-to-market gain (loss) (391) 214
Other revenue 4 4
Operating revenues [1] 2,009 2,281
Operating expenses:    
Commodity expense 1,790 1,533
Mark-to-market (gain) loss (20) 159
Fuel and purchased energy expense 1,770 1,692
Operating and maintenance expense 275 282
Depreciation and amortization expense 201 206
General and other administrative expense 60 40
Other operating expenses 37 20
Total operating expenses 2,343 2,240
Gain on sale of assets, net 0 (27)
(Income) from unconsolidated subsidiaries (6) (4)
Income (loss) from operations (328) 72
Interest expense 151 159
Debt extinguishment costs 0 24
Other (income) expense, net 7 2
Loss before income taxes (486) (113)
Income tax expense (benefit) 108 (61)
Net income (loss) (594) (52)
Net income attributable to the noncontrolling interest (4) (4)
Net loss attributable to Calpine $ (598) $ (56)
[1] Includes intersegment revenues of $114 million and $61 million in the West, $(67) million and $72 million in Texas, $115 million and $88 million in the East and $1 million and $1 million in Retail for the three months ended March 31, 2018 and 2017, respectively. Intersegment revenues for sales between wholesale and retail operations are executed to manage supply needs for our retail operations from our wholesale fleet or to facilitate margin collateral netting at Calpine Corporation.