XML 32 R109.htm IDEA: XBRL DOCUMENT v2.4.0.6
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year $ 5 $ 5 $ 50
Charged to Costs and Expenses 438 0 0
Charged to Other Accounts 6 0 3
Deductions 0 0 48
Balance at End of Year 449 5 5
Customers
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 5 5 2
Charged to Costs and Expenses 0 0 0
Charged to Other Accounts 0 0 3 [1]
Deductions 0 0 0
Balance at End of Year 5 5 5
All Others
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 0 0 48
Charged to Costs and Expenses 0 0 0
Charged to Other Accounts 0 0 0
Deductions 0 0 48 [2]
Balance at End of Year 0 0 0
Deferred tax valuation allowance
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 0    
Charged to Costs and Expenses 438 [3]    
Charged to Other Accounts 6    
Deductions 0    
Balance at End of Year 444    
Midwest Generation LLC
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 0 0 48
Charged to Costs and Expenses 1,899 0 0
Charged to Other Accounts 12 0 0
Deductions 0 0 48
Balance at End of Year 1,911 0 0
Midwest Generation LLC | All Others
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 0 0 48
Charged to Costs and Expenses 1,378 [4] 0 0
Charged to Other Accounts 0 0 0
Deductions 0 0 48 [5]
Balance at End of Year 1,378 0 0
Midwest Generation LLC | All Others | Lehman Brothers
     
Movement in Valuation and qualifying accounts      
Deductions     48 [2]
Midwest Generation LLC | Deferred tax valuation allowance
     
Movement in Valuation and qualifying accounts      
Balance at Beginning of Year 0    
Charged to Costs and Expenses 521 [6]    
Charged to Other Accounts 12 [6]    
Deductions 0    
Balance at End of Year $ 533    
[1] Represents the consolidation of one coal project effective January 1, 2010.
[2] EME filed bankruptcy claims in the amount of $48 million related to the contracts terminated with Lehman Brothers through the termination provisions of its master netting agreements with a Lehman Brothers subsidiary. Such claims were fully reserved and were included net in prepaid expenses and other on EME's consolidated balance sheet. In 2010, EME sold its bankruptcy claims.
[3] EME recorded a deferred tax valuation allowance during the fourth quarter of 2012 due to uncertainty in future tax-sharing payments. For further discussion, see "Item 8. Combined Notes to Consolidated Financial Statements—Note 7. Income Taxes."
[4] Midwest Generation recorded a full valuation allowance during the fourth quarter of 2012 relating to the impairment of its intercompany loan with EME. For further discussion, see "Item 8. Combined Notes to Consolidated Financial Statements—Note 15. Related Party Transactions."
[5] Midwest Generation filed bankruptcy claims in the amount of $48 million related to the contracts terminated with Lehman Brothers through the termination provisions of its master netting agreements with a Lehman Brothers subsidiary. Such claims were fully reserved and were included net in other current assets on Midwest Generation's consolidated balance sheet. In 2010, Midwest Generation sold its bankruptcy claims.
[6] Midwest Generation recorded a deferred tax valuation allowance during the fourth quarter of 2012 related to the impairment of its intercompany loan with EME. For further discussion, see "Item 8. Combined Notes to Consolidated Financial Statements—Note 7. Income Taxes."