Consolidated Statement of Changes in Equity

6 Months Ended

Jun. 30, 2012

Consolidated Statement of Changes in Equity [Abstract]

Consolidated Statement of Changes in Equity

Consolidated Statements of Changes in Equity

The following table provides the changes in equity for the six months ended June 30, 2012:

	EME Shareholder's Equity
(in millions)	Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Non-controlling interest			Total Equity
Balance at December 31, 2011	$	64	$	1,327		$	365		$	(94	)	$	2		$	1,664
Net income (loss)	—		—			(193		)	—			7			(186		)
Other comprehensive loss	—		—			—			(21		)	—			(21		)
Payments to Edison International for stock purchases related to stock-based compensation	—		—			(12		)	—			—			(12		)
Other stock transactions, net	—		3			—			—			—			3
Contributions from noncontrolling interests1	—		—			—			—			242			242
Distributions to noncontrolling interests	—		—			—			—			(7		)	(7		)
Transfers of assets to Capistrano Wind Partners2	—		(21		)	—			—			—			(21		)
Balance at June 30, 2012	$	64	$	1,309		$	160		$	(115	)	$	244		$	1,662

¹  Funds contribution by third-party investors related to the Capistrano Wind equity capital raise are reported in noncontrolling interest. For further information, see Note 3—Variable Interest Entities—Projects or Entities that are Consolidated—Capistrano Wind Equity Capital.

²  Additional paid in capital was reduced by $21 million during the six months ended June 30, 2012 due to a new tax basis in the assets transferred to Capistrano Wind Partners. The tax basis allocation to the transferred assets was updated during the three months ended June 30, 2012. For further information, see Note 3—Variable Interest Entities—Projects or Entities that are Consolidated—Capistrano Wind Equity Capital.

The following table provides the changes in equity for the six months ended June 30, 2011:

	EME Shareholder's Equity
(in millions)	Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Non-controlling interest			Total Equity
Balance at December 31, 2010	$	64	$	1,336		$	1,448		$	(31	)	$	4		$	2,821
Net loss	—		—			(52		)	—			—			(52		)
Other comprehensive loss	—		—			—			(24		)	—			(24		)
Payments to Edison International for stock purchases related to stock-based compensation	—		—			(3		)	—			—			(3		)
Excess tax benefits related to stock option exercises	—		1			—			—			—			1
Other stock transactions, net	—		2			—			—			—			2
Purchase of noncontrolling interest1	—		(4		)	—			—			(1		)	(5		)
Balance at June 30, 2011	$	64	$	1,335		$	1,393		$	(55	)	$	3		$	2,740

¹  During the second quarter of 2011, EME purchased a noncontrolling interest in Pinnacle Wind Force, LLC, which is now 100% owned by EME.