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CONSOLIDATED STATEMENTS OF INCOME (Constellation Energy Group, Inc. and Subsidiaries) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Nonregulated revenues $ 2,704.7 $ 2,559.2 $ 5,318.6 $ 5,077.4
Regulated electric revenues 546.9 651.1 1,197.0 1,402.4
Regulated gas revenues 108.2 99.6 414.4 416.7
Total revenues 3,359.8 3,309.9 6,930.0 6,896.5
Expenses        
Fuel and purchased energy expenses 2,171.6 2,267.7 4,649.8 4,629.8
Fuel and purchased energy expenses from affiliate 209.3 222.1 404.1 420.6
Operating expenses 467.9 413.7 906.1 810.1
Merger costs 31.8   31.8  
Depreciation, depletion, accretion, and amortization 151.8 125.7 305.9 257.6
Taxes other than income taxes 76.5 65.6 154.2 132.4
Total expenses 3,108.9 3,094.8 6,451.9 6,250.5
Equity Investment Losses (26.3) (33.5) (35.9) (54.2)
Gain on U.S. Department of Energy Settlement 35.5   35.5  
Net Gain on Divestitures   0.3   5.2
Income from Operations 260.1 181.9 477.7 597.0
Other Expense (15.7) (8.9) (34.7) (31.2)
Fixed Charges        
Interest expense 65.2 60.4 136.5 181.9
Interest capitalized and allowance for borrowed funds used during construction (2.2) (8.7) (4.4) (24.3)
Total fixed charges 63.0 51.7 132.1 157.6
Income from Continuing Operations Before Income Taxes 181.4 121.3 310.9 408.2
Income Tax Expense 73.3 37.5 123.4 133.1
Net Income 108.1 83.8 187.5 275.1
Less: Net Income Attributable to Noncontrolling Interests and BGE Preference Stock Dividends 8.9 11.2 17.9 11.0
Net Income Attributable to Common Stock $ 99.2 $ 72.6 $ 169.6 $ 264.1
Average Shares of Common Stock Outstanding-Basic (in shares) 200.1 200.8 199.7 200.6
Average Shares of Common Stock Outstanding-Diluted (in shares) 201.9 202.6 201.3 202.2
Earnings Per Common Share-Basic (in dollars per share) $ 0.50 $ 0.36 $ 0.85 $ 1.32
Earnings Per Common Share-Diluted (in dollars per share) $ 0.49 $ 0.36 $ 0.84 $ 1.31
Dividends Declared Per Common Share (in dollars per share) $ 0.24 $ 0.24 $ 0.48 $ 0.48