Allegheny Power 2010 Annual Report Download - page 139

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124
Affiliated Company Transactions - 2009 FES OE CEI TE JCP&L Met-Ed Penelec
(In millions)
Revenues:
Electric sales to affiliates $ 2,826 $ 189 $ 2 $ 38 $ - $ - $ -
Ground lease with ATSI - 12 7 2 - - -
Other 30 1 6 1 - 10 -
Expenses:
Purchased power from affiliates 222 991 735 393 - 365 342
Fuel 15 - - - - - -
Support services 584 141 62 59 91 54 57
Investment Income:
Interest income from affiliates - 15 - 17 - - -
Interest income from FirstEnergy 4 1 - - - 1 -
Interest Expense:
Interest expense to affiliates 6 5 17 2 4 3 2
Interest expense to FirstEnergy 4 1 1 1 - - 1
Affiliated Company Transactions - 2008 FES OE CEI TE JCP&L Met-Ed Penelec
(In millions)
Revenues:
Electric sales to affiliates $ 2,968 $ 75 $ 6 $ 32 $ - $ - $ -
Ground lease with ATSI - 12 7 2 - - -
Other 6 1 12 3 1 10 1
Expenses:
Purchased power from affiliates 101 1,203 766 411 - 304 284
Fuel 5 - - - - - -
Support services 584 146 69 71 95 57 59
Investment Income:
Interest income from affiliates 1 15 1 20 1 - 1
Interest income from FirstEnergy 12 13 - - - - -
Interest Expense:
Interest expense to affiliates 4 3 19 1 3 2 2
Interest expense to FirstEnergy 26 - 7 2 5 4 5
FirstEnergy does not bill directly or allocate any of its costs to any subsidiary company. Costs are allocated to FES and
the Utilities from FESC and FENOC. The majority of costs are directly billed or assigned at no more than cost. The
remaining costs are for services that are provided on behalf of more than one company, or costs that cannot be precisely
identified and are allocated using formulas developed by FESC and FENOC. The current allocation or assignment
formulas used and their bases include multiple factor formulas: each company's proportionate amount of FirstEnergy's
aggregate direct payroll, number of employees, asset balances, revenues, number of customers, other factors and
specific departmental charge ratios. Management believes that these allocation methods are reasonable. Intercompany
transactions with FirstEnergy and its other subsidiaries are generally settled under commercial terms within thirty days.