Allegheny Power 2010 Annual Report Download - page 137

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122
Segment Financial Information
Energy Competitive
For the Years Ended Delivery Energy Reconciling
December 31, Services Services Other Adjustments Consolidated
(In millions)
2010
External revenues $ 9,813 $ 3,544 $ 33 $ (125) $ 13,265
Internal revenues* 139 2,301 - (2,366) 74
9,952 5,845 33 (2,491) 13,339
Depreciation and amortization 1,173 254 32 9 1,468
Investment income 102 51 1 (37) 117
Net interest charges 491 129 6 54 680
Income taxes 372 158 (13) (35) 482
Net income 607 258 (4) (101) 760
Total assets 22,613 11,240 618 334 34,805
Total goodwill 5,551 24 - - 5,575
Property additions 745 1,129 24 65 1,963
2009
External revenues $ 11,144 $ 1,894 $ 37 $ (119) $ 12,956
Internal revenues* - 2,843 - (2,826) 17
11,144 4,737 37 (2,945) 12,973
Depreciation and amortization 1,464 270 10 11 1,755
Investment income 139 121 - (56) 204
Net interest charges 469 106 8 265 848
Income taxes 290 345 (265) (125) 245
Net income 435 517 257 (219) 990
Total assets 22,978 10,584 607 135 34,304
Total goodwill 5,551 24 - - 5,575
Property additions 750 1,262 149 42 2,203
2008
External revenues $ 12,068 $ 1,571 $ 72 $ (84) $ 13,627
Internal revenues - 2,968 - (2,968) -
12,068 4,539 72 (3,052) 13,627
Depreciation and amortization 1,154 243 4 13 1,414
Investment income 171 (34) 6 (84) 59
Net interest charges 408 108 2 184 702
Income taxes 611 314 (53) (95) 777
Net income 916 472 116 (165) 1,339
Total assets 23,025 9,559 539 398 33,521
Total goodwill 5,551 24 - - 5,575
Property additions 839 1,835 176 38 2,888
* Under the accounting standard for the effects of certain types of regulation, internal revenues are not fully offset for sales of
RECs by FES to the Ohio Companies that are retained in inventory.
Reconciling adjustments to segment operating results from internal management reporting to consolidated external
financial reporting primarily consist of interest expense related to holding company debt, corporate support services
revenues and expenses and elimination of intersegment transactions.
Products and Services
Electricity
Year Sales
(in millions)
2010 $ 12,523
2009 12,032
2008 12,693