Allegheny Power 2010 Annual Report Download - page 127

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112
The following table summarizes the changes to the ARO balances during 2010 and 2009.
ARO Reconciliation FE FES OE CEI TE JCP&L Met-Ed Penelec
(In millions)
Balance, January 1, 2009 $ 1,347 $ 863 $ 92 $ 2 $ 30 $ 95 $ 171 $ 87
Liabilities incurred 4 1 - - - - - -
Liabilities settled - - - - - - - -
A
ccretion 90 58 6 - 2 7 11 6
Revisions in estimated
cash flows (16) (1) (12) - - - (2) (1)
Balance, December 31, 2009 1,425 921 86 2 32 102 180 92
Liabilities incurred - - - - - - - -
Liabilities settled (11) - (10) - - - - -
A
ccretion 93 59 5 - 2 6 13 6
Revisions in estimated
cash flows (1) (100) (88) (7) - (5) - - -
Balance, December 31, 2010 $ 1,407 $ 892 $ 74 $ 2 $ 29 $ 108 $ 193 $ 98
(1) During the second quarter of 2010, studies were completed to reassess the estimated cost of decommissioning the Beaver
Valley nuclear generating facilities. The cost studies resulted in a revision to the estimated cash flows associated with the
ARO liabilities of FES, OE and TE and reduced the liability for each subsidiary in the amounts of $88 million, $7 million, and
$5 million, respectively.
13. SHORT-TERM BORROWINGS AND BANK LINES OF CREDIT
FirstEnergy had approximately $700 million of short-term indebtedness as of December 31, 2010, comprised of
borrowings under a $2.75 billion revolving line of credit. Total short-term bank lines of committed credit to FirstEnergy
and the Utilities as of January 31, 2011 were approximately $3.2 billion of which $2.5 billion was unused and available.
FirstEnergy, along with certain of its subsidiaries, are parties to a $2.75 billion five-year revolving credit facility.
FirstEnergy has the ability to request an increase in the total commitments available under this facility up to a maximum
of $3.25 billion, subject to the discretion of each lender to provide additional commitments. Commitments under the
facility are available until August 24, 2012, unless the lenders agree, at the request of the borrowers, to an unlimited
number of additional one-year extensions. Generally, borrowings under the facility must be repaid within 364 days.
Available amounts for each borrower are subject to a specified sub-limit, as well as applicable regulatory and other
limitations. The annual facility fee is 0.125%.