Allegheny Power 2010 Annual Report Download - page 141

Download and view the complete annual report

Please find page 141 of the 2010 Allegheny Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 154

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154

126
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATING STATEMENTS OF INCOME
For the Year Ended December 31, 2009 FES FGCO NGC Eliminations Consolidated
(In thousands)
REVENUES $ 4,390,111 $ 2,216,237 $ 1,360,522 $ (3,238,533) $ 4,728,337
EXPENSES:
Fuel 18,416 971,021 138,026 - 1,127,463
Purchased power from affiliates 3,220,197 18,336 222,406 (3,238,533) 222,406
Purchased power from non-affiliates 996,383 - - - 996,383
Other operating expenses 220,660 395,330 518,473 48,762 1,183,225
Provision for depreciation 4,147 121,007 139,488 (5,249) 259,393
General taxes 18,214 44,075 24,626 - 86,915
Impairment of long-lived assets - 6,067 - - 6,067
Total expenses 4,478,017 1,555,836 1,043,019 (3,195,020) 3,881,852
OPERATING INCOME (LOSS) (87,906) 660,401 317,503 (43,513) 846,485
OTHER INCOME (EXPENSE):
Investment income 5,297 683 119,246 - 125,226
Miscellaneous income (expense), including
net income from equity investees 656,451 2,136 61 (645,911) 12,737
Interest expense - affiliates (135) (5,619) (4,352) - (10,106)
Interest expense - other (44,837) (99,802) (62,034) 64,553 (142,120)
Capitalized interest 212 49,577 10,363 - 60,152
Total other income (expense) 616,988 (53,025) 63,284 (581,358) 45,889
INCOME BEFORE INCOME TAXES 529,082 607,376 380,787 (624,871) 892,374
INCOME TAXES (BENEFITS) (48,002) 207,171 135,785 20,336 315,290
NET INCOME $577,084 $400,205 $245,002 $ (645,207) $577,084