Investments (Tables)

12 Months Ended

Dec. 31, 2011

Variable Interest Entity

Schedule of investments in Joint Ventures, Qualifying Facilities and Power Projects

At December 31,	2011		2010
	(In millions)
CENG Joint Venture	$	2,150.4	$	2,991.1
Qualifying facilities and domestic power projects:
Coal		33.4		65.0
Hydroelectric		43.0		46.3
Biomass		24.6		55.1
Fuel Processing		21.4		16.7
Solar		—		6.8
Total	$	2,272.8	$	3,181.0

Schedule of accounting methods used for investments in joint ventures, qualifying facilities, domestic power projects, and CEP

At December 31,	2011		2010
	(In millions)
Equity method	$	2,272.8	$	3,174.2
Cost method		—		6.8
Total	$	2,272.8	$	3,181.0

Schedule of equity in earnings of nuclear joint ventures, qualifying facilities and power projects

Year ended December 31,	2011			2010			2009
	(In millions)
CENG	$	148.8		$	218.8		$	33.9
Amortization of basis difference in CENG (see Note 2 for more detail)		(153.1	)		(195.2	)		(29.6	)
Total equity investment earnings—CENG (1)		(4.3	)		23.6			4.3
UNE		—			(16.8	)		(24.7	)
Shipping JV		—			—			(1.8	)
CEP		—			—			(4.6	)
Qualifying facilities and domestic power projects		24.1			18.2			20.7
Total equity investment earnings	$	19.8		$	25.0		$	(6.1	)

(1)

For the years ended December 31, 2011, 2010, and 2009 total equity investment (losses) earnings in CENG include $1.1 million, $2.0 million, and $0.4 million, respectively, of expense related to the portion of cost of certain share-based awards that we fund on behalf of EDF.

Schedule of summarized balance sheet and income statement information for CENG

At December 31,	2011		2010
	(In millions)
Current assets	$	415.6	$	507.4
Noncurrent assets		4,710.6		4,583.0
Current liabilities		273.1		630.9
Noncurrent liabilities		1,459.1		1,338.7

	For the Year Ended December 31, 2011		For the Year Ended December 31, 2010		For the Period from November 6, 2009 through December 31, 2009
	(In millions)
Revenues	$	1,516.3	$	1,575.3	$	217.6
Expenses		1,248.9		1,174.5		153.0
Income from operations		267.4		400.8		64.6
Net income		299.8		441.6		68.5

Consolidated Variable Interest Entities.

Variable Interest Entity

Schedule of assets and liabilities of VIE's

	2011		2010
	(In millions)
Current assets	$	481.5	$	516.6
Noncurrent assets		348.6		57.7
Total Assets	$	830.1	$	574.3
Current liabilities	$	483.4	$	345.5
Noncurrent liabilities		540.0		399.0
Total Liabilities	$	1,023.4	$	744.5

Unconsolidated Variable Interest Entities.

Variable Interest Entity

Schedule of assets and liabilities of VIE's

The following is summary information available as of December 31, 2011 about these entities:

	Power Contract Monetization VIEs		All Other Power Project VIEs		Total
	(In millions)
Total assets	$	386.5	$	309.6	$	696.1
Total liabilities		303.9		106.4		410.3
Our ownership interest		—		53.5		53.5
Other ownership interests		82.6		149.7		232.3
Our maximum exposure to loss:
Letters of credit		15.5		—		15.5
Carrying amount of our investment—Other investments		—		39.8		39.8
Debt and payment guarantees		—		5.0		5.0

        The following is summary information available as of December 31, 2010 about these entities:

	Power Contract Monetization VIEs		All Other VIEs		Total
	(In millions)
Total assets	$	492.9	$	288.3	$	781.2
Total liabilities		382.6		113.2		495.8
Our ownership interest		—		48.7		48.7
Other ownership interests		110.3		126.4		236.7
Our maximum exposure to loss:
Letters of credit		24.9		—		24.9
Carrying amount of our investment—Other investments		—		41.4		41.4
Debt and payment guarantees		—		5.0		5.0