Information by Operating Segment (Tables)

12 Months Ended

Dec. 31, 2011

	Reportable Segments

	Reportable Segments										Holding Company and Other
	Generation			NewEnergy			Regulated Electric		Regulated Gas		Holding Company and Other			Eliminations			Consolidated

	(In millions)
2011
Unaffiliated revenues	$	1,122.3		$	9,649.0		$	2,320.7	$	664.5	$	1.7		$	—		$	13,758.2
Intersegment revenues		1,595.4			471.2			0.7		7.2		—			(2,074.5	)		—

Total revenues		2,717.7			10,120.2			2,321.4		671.7		1.7			(2,074.5	)		13,758.2
Depreciation, depletion, accretion, and amortization		187.4			89.4			226.5		45.6		40.4			—			589.3
Fixed charges		128.8			9.4			103.4		23.2		0.1			0.5			265.4
Income tax (benefit) expense		(300.7	)		(8.8	)		50.1		23.4		5.1			—			(230.9	)
Net (loss) income (1)		(441.1	)		2.8			93.6		42.1		(4.2	)		—			(306.8	)
Net (loss) income attributable to common stock		(441.1	)		(17.5	)		83.8		38.7		(4.2	)		—			(340.3	)
Segment assets		8,738.6			4,136.1			5,506.7		1,480.3		854.2			(1,303.3	)		19,412.6
Capital expenditures		159.7			322.9			535.4		142.5		—			—			1,160.5
2010
Unaffiliated revenues	$	1,189.2		$	9,692.6		$	2,752.1	$	704.9	$	1.2		$	—		$	14,340.0
Intersegment revenues		1,055.1			428.8			0.2		4.5		—			(1,488.6	)		—

Total revenues		2,244.3			10,121.4			2,752.3		709.4		1.2			(1,488.6	)		14,340.0
Depreciation, depletion, accretion, and amortization		137.7			83.7			205.2		44.0		48.9			—			519.5
Fixed charges		142.0			3.0			106.3		24.0		(0.2	)		2.7			277.8
Income tax (benefit) expense		(873.1	)		106.5			72.6		24.5		3.8			—			(665.7	)
Net (loss) income (2)		(1,255.3	)		176.2			110.0		37.6		(0.3	)		—			(931.8	)
Net (loss) income attributable to common stock		(1,255.3	)		138.6			99.8		34.6		(0.3	)		—			(982.6	)
Segment assets		9,789.6			3,836.2			5,287.4		1,379.9		858.0			(1,132.6	)		20,018.5
Capital expenditures		327.4			127.2			499.1		103.0		—			—			1,056.7
2009
Unaffiliated revenues	$	664.2		$	11,345.8		$	2,820.7	$	753.8	$	14.3		$	—		$	15,598.8
Intersegment revenues		2,110.0			163.4			—		4.5		0.1			(2,278.0	)		—

Total revenues		2,774.2			11,509.2			2,820.7		758.3		14.4			(2,278.0	)		15,598.8
Depreciation, depletion, accretion, and amortization		238.9			82.7			218.1		44.0		67.7			—			651.4
Fixed charges		166.5			39.7			113.3		26.0		2.4			2.2			350.1
Income tax expense (benefit)		3,107.1			(179.1	)		50.9		17.1		(9.2	)		—			2,986.8
Net income (loss) (3)		4,766.7			(348.2	)		79.1		25.5		(19.7	)		—			4,503.4
Net income (loss) attributable to common stock		4,766.7			(402.3	)		68.9		22.5		(12.4	)		—			4,443.4
Segment assets		12,402.1			4,167.5			4,994.6		1,413.4		4,573.7			(4,006.9	)		23,544.4
Capital expenditures		1,039.2			116.8			373.0		66.0		—			—			1,595.0

(1): Our Generation business recognized the following after-tax items: impairment losses and other costs of $530.2 million, amortization of the basis difference in CENG of $90.5 million, impact of the power purchase agreement with CENG of $118.5 million, gain on settlements with DOE for storage of spent nuclear fuel of $57.3 million, transaction fees incurred related to our acquisition of Boston Generating's 2,950 MW fleet of generating plants in Massachusetts of $9.9 million, and costs incurred related to our pending merger with Exelon of $37.0 million. Our NewEnergy business recognized a gain on divestitures of $32.7 million, amortization of credit facility amendment fees in connection with the 2009 EDF transaction of $5.8 million, and costs incurred related to our pending merger with Exelon of $16.1 million. Our Regulated Electric and Gas businesses recognized costs incurred related to our pending merger with Exelon of $13.3 million and $4.5 million, respectively. BGE will not seek recovery of these costs in rates. In addition, our regulated electric business incurred total incremental operating expenses of $24.6 million related to Hurricane Irene.
(2): Our Generation business recognized the following after-tax items: impairment charges on certain of our equity method investment of $1,487.1 million, loss on the early retirement of 2012 Notes of $30.9 million, amortization of the basis difference in CENG of $117.5 million, impact of the power purchase agreement with CENG of $113.3 million, gain on the sale of Mammoth Lakes geothermal generating facility of $24.7 million, and a gain on the comprehensive agreement with EDF of $121.3 million. Our NewEnergy business recognized earnings relating to an international coal supplier contract dispute settlement of $35.4 million. Our Generation, NewEnergy, regulated electric and holding company and other businesses recognized deferred income tax expense relating to federal subsidies for providing post-employment prescription drug benefits of $0.8 million, $0.1 million, $3.1 million, and $4.8 million, respectively. We discuss these items in more detail in Note 2.
(3): Our Generation business recognized the following after-tax items: gain on sale of a 49.99% membership interest in CENG to EDF of $4,456.1 million, amortization of basis difference in investment in CENG of $17.8 million, loss on the early extinguishment of zero coupon senior notes of $10.0 million, merger termination and strategic alternatives costs of $9.7 million, and impairment charges of our nuclear decommissioning trust assets through November 6, 2009 of $46.8 million. Our NewEnergy business recognized the following after-tax items: merger termination and strategic alternatives costs of $4.1 million, losses on divestitures, which include losses on the sales of the international commodities and gas trading operations, the reclassification of losses on previously designated cash-flow hedges from Accumulated Other Comprehensive Loss because the forecasted transactions are probable of not occurring, earnings that are no longer part of our core business, of $371.9 million, impairment losses and other costs of $84.7 million, and workforce reduction costs of $9.3 million. Our regulated electric and gas businesses recognized after-tax charges of $56.7 million and $10.4 million, respectively, for the accrual of a residential customer credit. Our holding company and other businesses recognized after-tax charges of $11.5 million for impairment losses and other costs. We discuss these items in more detail in Note 2.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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