XML 47 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF INCOME (Baltimore Gas and Electric Company) (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Electric revenues $ 546.9 $ 651.1 $ 1,197.0 $ 1,402.4
Gas revenues 108.2 99.6 414.4 416.7
Total revenues 3,359.8 3,309.9 6,930.0 6,896.5
Operating expenses        
Merger costs 31.8   31.8  
Depreciation and amortization 151.8 125.7 305.9 257.6
Total expenses 3,108.9 3,094.8 6,451.9 6,250.5
Income from Operations 260.1 181.9 477.7 597.0
Other Income (15.7) (8.9) (34.7) (31.2)
Fixed Charges        
Interest expense 65.2 60.4 136.5 181.9
Total fixed charges 63.0 51.7 132.1 157.6
Income Before Income Taxes 181.4 121.3 310.9 408.2
Income Taxes 73.3 37.5 123.4 133.1
Net Income 108.1 83.8 187.5 275.1
Net Income Attributable to Common Stock 99.2 72.6 169.6 264.1
Baltimore Gas and Electric Company
       
Revenues        
Electric revenues 547.1 651.1 1,197.3 1,402.4
Gas revenues 109.1 100.4 416.4 418.4
Total revenues 656.2 751.5 1,613.7 1,820.8
Operating expenses        
Electricity purchased for resale 199.5 286.8 496.7 636.4
Electricity purchased for resale from affiliate 73.2 114.6 129.9 238.6
Gas purchased for resale 49.8 42.1 220.9 236.6
Operations and maintenance 130.1 118.6 250.7 239.1
Operations and maintenance from affiliate 28.5 27.9 60.9 56.4
Merger costs 9.2   9.2  
Depreciation and amortization 66.8 60.6 143.1 128.3
Taxes other than income taxes 46.4 45.0 96.2 92.6
Total expenses 603.5 695.6 1,407.6 1,628.0
Income from Operations 52.7 55.9 206.1 192.8
Other Income 6.1 5.5 12.2 12.0
Fixed Charges        
Interest expense 33.1 33.9 66.6 68.3
Allowance for borrowed funds used during construction (1.6) (1.5) (3.3) (2.8)
Total fixed charges 31.5 32.4 63.3 65.5
Income Before Income Taxes 27.3 29.0 155.0 139.3
Income Taxes 10.7 12.0 57.3 57.9
Net Income 16.6 17.0 97.7 81.4
Preference Stock Dividends 3.3 3.3 6.6 6.6
Net Income Attributable to Common Stock $ 13.3 $ 13.7 $ 91.1 $ 74.8