Allegheny Power 2010 Annual Report Download - page 142

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127
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATING STATEMENTS OF INCOME
For the Year Ended December 31, 2008 FES FGCO NGC Eliminations Consolidated
(In thousands)
REVENUES $4,470,112 $2,275,451 $1,204,534 $ (3,431,744) $4,518,353
EXPENSES:
Fuel 16,322 1,171,993 126,978 - 1,315,293
Purchased power from affiliates 3,417,126 14,618 101,409 (3,431,744) 101,409
Purchased power from non-affiliates 778,882 - - - 778,882
Other operating expenses 116,972 416,723 502,096 48,757 1,084,548
Provision for depreciation 5,986 119,763 111,529 (5,379) 231,899
General taxes 19,260 46,153 22,591 - 88,004
Total expenses 4,354,548 1,769,250 864,603 (3,388,366) 3,600,035
OPERATING INCOME 115,564 506,201 339,931 (43,378) 918,318
OTHER INCOME (EXPENSE):
Investment income 10,953 2,034 (35,665) - (22,678)
Miscellaneous income (expense), including
net income from equity investees 438,214 (5,400) - (431,116) 1,698
Interest expense to affiliates (314) (20,342) (9,173) - (29,829)
Interest expense - other (24,674) (95,926) (56,486) 65,404 (111,682)
Capitalized interest 142 39,934 3,688 - 43,764
Total other income (expense) 424,321 (79,700) (97,636) (365,712) (118,727)
INCOME BEFORE INCOME TAXES 539,885 426,501 242,295 (409,090) 799,591
INCOME TAXES 33,475 155,100 90,247 14,359 293,181
NET INCOME $506,410 $271,401 $152,048 $ (423,449) $506,410