XML 32 R76.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Tax Disclosures:      
Cash Contribution From Parent $ 12 [1]    
Deferred tax assets      
Derivative instruments 15 49  
Net operating loss carryforwards 1,202 841  
Accrued charges and liabilities 232 234  
Total deferred tax assets, gross 1,786 1,384  
Valuation allowance (752) (444)  
Net deferred tax assets 1,034 940  
Production tax and other credit carryforwards 332 254  
Other 5 6  
Deferred tax liabilities      
Property, plant and equipment - basis differences 1,069 989  
Deferred investment tax credit 4 4  
State taxes 19 28  
Total 1,092 1,021  
Deferred tax assets and (liabilities), net (58) (81)  
Classification of net accumulated deferred income taxes      
Deferred taxes and tax credits 58 81  
Change in valuation allowance on deferred tax asset 308    
Non-cash distribution to parent (185) (222)  
Other long-term assets 103 128  
Payables to affiliates 16 34  
Other Liabilities, Noncurrent 377 528  
Non-cash Contribution From Parent 25 [1],[2] 0 0
Federal
     
Classification of net accumulated deferred income taxes      
Tax credit carryforwards 332    
Federal | Expiring in 2031 and 2032
     
Classification of net accumulated deferred income taxes      
Net operating loss carryforwards 3,226    
Federal | Expiring Between 2029 and 2032
     
Classification of net accumulated deferred income taxes      
Tax credit carryforwards 317    
State | Expiring Between 2022 and 2032
     
Classification of net accumulated deferred income taxes      
Net operating loss carryforwards 2,106    
Midwest Generation LLC [Member]
     
Deferred tax assets      
State taxes 3 0  
Deferred income 2 2  
Derivative instruments 6 24  
Impairment of loan to affiliate - tax 539 539  
Property, plant and equipment - basis differences 107 0  
Net operating loss carryforwards 88 0  
Accrued charges and liabilities 22 16  
Total deferred tax assets, gross 767 581  
Valuation allowance (767) (533)  
Net deferred tax assets 0 48  
Deferred tax liabilities      
Property, plant and equipment - basis differences 0 45  
State taxes 0 3  
Total 0 48  
Deferred tax assets and (liabilities), net 0 0  
Classification of net accumulated deferred income taxes      
Change in valuation allowance on deferred tax asset 234    
Valuation Allowance, Amount 167    
Other long-term assets 10 28  
Payables to affiliates 6 3  
Other Liabilities, Noncurrent 113 192  
Midwest Generation LLC [Member] | Federal | Expiring in 2031 and 2032
     
Classification of net accumulated deferred income taxes      
Net operating loss carryforwards 517    
Midwest Generation LLC [Member] | State | Expiring Between 2025 and 2032
     
Classification of net accumulated deferred income taxes      
Net operating loss carryforwards 341    
Accumulated other comprehensive loss
     
Deferred tax assets      
Valuation allowance   (6)  
Accumulated other comprehensive loss | Midwest Generation LLC [Member]
     
Deferred tax assets      
Valuation allowance   (12)  
Hypothetical Tax Return | Midwest Generation LLC [Member]
     
Classification of net accumulated deferred income taxes      
Non-cash distribution to parent   (106)  
Provision (Benefit) for Income Taxes
     
Classification of net accumulated deferred income taxes      
Change in valuation allowance on deferred tax asset   438  
Provision (Benefit) for Income Taxes | Midwest Generation LLC [Member]
     
Classification of net accumulated deferred income taxes      
Change in valuation allowance on deferred tax asset   521  
Edison International
     
Classification of net accumulated deferred income taxes      
Tax benefits generated but not yet utilized by EIX under tax allocation agreement 1,435    
Edison International | Capistrano Wind Holdings
     
Classification of net accumulated deferred income taxes      
Tax benefits generated under tax allocation agreement 126    
Edison International | Capistrano Wind, LLC
     
Classification of net accumulated deferred income taxes      
Tax benefits generated and utilized by EIX under tax allocation agreement 27    
Income Tax-Allocation Agreements [Member]
     
Classification of net accumulated deferred income taxes      
Other long-term assets 31 18  
Payables to affiliates 15 (33)  
Other Liabilities, Noncurrent $ 6 $ (21)  
[1] During 2012, EME recorded a non-cash distribution to EIX related to the tax-allocation agreements. During 2013, EME received contributions from EIX related to the tax-allocation agreements. See Note 7—Income Taxes—EME—Deferred Tax Assets and Liabilities.
[2] During 2013, EME received a non-cash contribution from EIX related to the tax-allocation agreements. During 2012, EME recorded a non-cash distribution to EIX related to the tax-allocation agreements. See Note 7—Income Taxes—EME—Deferred Tax Assets and Liabilities.