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CONSOLIDATED STATEMENTS OF CASH FLOWS (Baltimore Gas and Electric Company) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Adjustments to reconcile to net cash provided by operating activities  
Depreciation and amortization$ 449.6$ 380.6
Other amortization28.023.4
Deferred income taxes140.8(989.0)
Investment tax credit adjustments(3.2)(3.4)
Deferred fuel costs20.069.2
Deferred storm costs(15.5) 
Defined benefit plan expenses62.151.2
Changes in:  
Materials, supplies, and fuel stocks10.839.8
Other current assets80.5(64.8)
Accounts payable(207.7)(21.1)
Other current liabilities2.1(1,110.7)
Net cash provided by (used in) operating activities1,353.2(20.6)
Cash Flows From Investing Activities  
Proceeds from U.S. Department of Energy grants40.642.7
Proceeds from sales of investments and other assets6.693.8
Decrease (increase) in restricted funds30.9(79.0)
Net cash used in investing activities(2,195.8)(1,267.5)
Cash Flows From Financing Activities  
Repayment of long-term debt(253.2)(632.1)
Credit facility costs(3.2)(0.7)
Preference stock dividends paid(9.9)(9.9)
Net cash used in financing activities(14.9)(856.7)
Proceeds from issuance of long-term debt235.1 
Net Increase in Cash and Cash Equivalents(857.5)(2,144.8)
Cash and Cash Equivalents at Beginning of Period2,028.53,440.0
Cash and Cash Equivalents at End of Period1,171.01,295.2
Baltimore Gas and Electric Company
  
Cash Flows From Operating Activities  
Net income99.3113.2
Adjustments to reconcile to net cash provided by operating activities  
Depreciation and amortization203.1181.0
Other amortization5.43.3
Deferred income taxes93.797.0
Investment tax credit adjustments(0.8)(0.8)
Deferred fuel costs20.069.2
Deferred storm costs(15.5) 
Defined benefit plan expenses31.226.0
Allowance for equity funds used during construction(10.7)(7.7)
Changes in:  
Accounts receivable121.06.1
Accounts receivable, affiliated companies(0.5)13.5
Materials, supplies, and fuel stocks(20.0)(10.1)
Income tax receivable, net55.9 
Other current assets(92.1)(88.9)
Accounts payable(61.5)21.6
Accounts payable, affiliated companies(21.3)(12.1)
Other current liabilities43.5(14.6)
Long-term receivables and payables, affiliated companies3.5(22.5)
Regulatory assets, net13.121.6
Other(52.5)(61.2)
Net cash provided by (used in) operating activities414.8334.6
Cash Flows From Investing Activities  
Utility construction expenditures (excluding equity portion of allowance for funds used during construction)(444.6)(365.7)
Proceeds from U.S. Department of Energy grants40.642.7
Change in cash pool at parent 314.7
Proceeds from sales of investments and other assets 20.9
Decrease (increase) in restricted funds(22.2)(26.0)
Net cash used in investing activities(426.2)(13.4)
Cash Flows From Financing Activities  
Repayment of long-term debt(29.7)(28.1)
Issuance (repayment) of short-term borrowings140.0(46.0)
Credit facility costs(2.7)(0.3)
Preference stock dividends paid(9.9)(9.9)
Distribution to parent(85.0) 
Net cash used in financing activities12.7(84.3)
Net Increase in Cash and Cash Equivalents1.3236.9
Cash and Cash Equivalents at Beginning of Period50.013.6
Cash and Cash Equivalents at End of Period$ 51.3$ 250.5