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CONSOLIDATED STATEMENTS OF CASH FLOWS (Baltimore Gas and Electric Company) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities    
Net income $ 187.5 $ 275.1
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 305.9 257.6
Other amortization 17.9 14.6
Deferred income taxes 68.0 (47.9)
Investment tax credit adjustments (2.2) (2.2)
Deferred fuel costs 17.2 39.0
Deferred storm costs (15.5)  
Defined benefit plan expenses 38.2 33.7
Changes in:    
Materials, supplies, and fuel stocks (11.5) (44.2)
Other current assets 127.9 49.8
Accounts payable (158.4) (29.9)
Other current liabilities (6.2) (1,084.9)
Net cash provided by (used in) operating activities 976.5 (206.6)
Cash Flows From Investing Activities    
Proceeds from U.S. Department of Energy grant 28.3  
Proceeds from sales of investments and other assets   21.2
Decrease (increase) in restricted funds 57.9 (30.0)
Net cash (used in) provided by investing activities (1,700.1) (814.9)
Cash Flows From Financing Activities    
Repayment of long-term debt (251.2) (629.0)
Debt and credit facility costs (3.2) (0.7)
BGE preference stock dividends paid (6.6) (6.6)
Net cash used in financing activities (350.1) (815.3)
Proceeds from issuance of long-term debt 7.5  
Net Increase (Decrease) in Cash and Cash Equivalents (1,073.7) (1,836.8)
Cash and Cash Equivalents at Beginning of Period 2,028.5 3,440.0
Cash and Cash Equivalents at End of Period 954.8 1,603.2
Baltimore Gas and Electric Company
   
Cash Flows From Operating Activities    
Net income 97.7 81.4
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 143.1 128.3
Other amortization 3.6 1.6
Deferred income taxes 59.7 55.2
Investment tax credit adjustments (0.5) (0.5)
Deferred fuel costs 17.2 39.0
Deferred storm costs (15.5)  
Defined benefit plan expenses 20.3 17.4
Allowance for equity funds used during construction (7.0) (5.2)
Changes in:    
Accounts receivable 115.0 16.0
Accounts receivable, affiliated companies (1.0) 12.9
Materials, supplies, and fuel stocks 6.7 22.9
Income tax receivable, net 55.9  
Other current assets 28.0 49.9
Accounts payable (37.8) (7.8)
Accounts payable, affiliated companies (15.6) (24.5)
Other current liabilities 13.8 (119.8)
Long-term receivables and payables, affiliated companies 2.1 (13.9)
Regulatory assets, net (11.4) (18.8)
Other (7.8) (52.9)
Net cash provided by (used in) operating activities 466.5 181.2
Cash Flows From Investing Activities    
Utility construction expenditures (excluding equity portion of allowance for funds used during construction) (304.5) (190.3)
Proceeds from U.S. Department of Energy grant 28.3  
Change in cash pool at parent   314.7
Proceeds from sales of investments and other assets   20.9
Decrease (increase) in restricted funds 4.3 0.8
Net cash (used in) provided by investing activities (271.9) 146.1
Cash Flows From Financing Activities    
Repayment of long-term debt (29.7) (28.1)
Repayment of short-term borrowings   (46.0)
Debt and credit facility costs (2.7)  
BGE preference stock dividends paid (6.6) (6.6)
Distribution to parent (85.0)  
Net cash used in financing activities (124.0) (80.7)
Net Increase (Decrease) in Cash and Cash Equivalents 70.6 246.6
Cash and Cash Equivalents at Beginning of Period 50.0 13.6
Cash and Cash Equivalents at End of Period $ 120.6 $ 260.2