Allegheny Power 2010 Annual Report Download - page 143

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128
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATING BALANCE SHEETS
As of December 31, 2010 FES FGCO NGC Eliminations Consolidated
(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ - $ 9,273 $ 8 $ - $ 9,281
Receivables-
Customers 365,758 - - - 365,758
Associated companies 333,323 356,564 125,716 (338,038) 477,565
Other 21,010 55,758 12,782 - 89,550
Notes receivable from associated companies 34,331 188,796 173,643 - 396,770
Materials and supplies, at average cost 40,713 276,149 228,480 - 545,342
Derivatives 181,660 - - - 181,660
Prepayments and other 47,712 11,352 1,107 - 60,171
1,024,507 897,892 541,736 (338,038) 2,126,097
PROPERTY, PLANT AND EQUIPMENT:
In service 96,371 6,197,776 5,411,852 (384,681) 11,321,318
Less - Accumulated provision for depreciation 17,039 2,020,463 2,162,173 (175,395) 4,024,280
79,332 4,177,313 3,249,679 (209,286) 7,297,038
Construction work in progress 8,809 519,651 534,284 - 1,062,744
88,141 4,696,964 3,783,963 (209,286) 8,359,782
INVESTMENTS:
Nuclear plant decommissioning trusts - - 1,145,846 - 1,145,846
Investment in associated companies 4,941,763 - - (4,941,763) -
Other 374 11,128 202 - 11,704
4,942,137 11,128 1,146,048 (4,941,763) 1,157,550
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits 42,986 412,427 - (455,413) -
Customer intangibles 133,968 - - - 133,968
Goodwill 24,248 - - - 24,248
Property taxes - 16,463 24,649 - 41,112
Unamortized sale and leaseback costs - 10,828 - 62,558 73,386
Derivatives 97,603 - - - 97,603
Other 21,018 70,810 14,463 (57,602) 48,689
319,823 510,528 39,112 (450,457) 419,006
$ 6,374,608 $ 6,116,512 $ 5,510,859 $ (5,939,544) $ 12,062,435
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt $ 100,775 $ 418,832 $ 632,106 $ (19,578) $ 1,132,135
Short-term borrowings-
Associated companies - 11,561 - - 11,561
Accounts payable-
Associated companies 351,172 212,620 249,820 (346,989) 466,623
Other 139,037 102,154 - - 241,191
Accrued taxes 3,358 36,187 30,726 (142) 70,129
Derivatives 266,411 - - - 266,411
Other 51,619 147,754 15,156 37,142 251,671
912,372 929,108 927,808 (329,567) 2,439,721
CAPITALIZATION:
Total equity 3,788,245 2,514,775 2,413,580 (4,928,859) 3,787,741
Long-term debt and other long-term obligations 1,518,586 2,118,791 793,250 (1,249,752) 3,180,875
5,306,831 4,633,566 3,206,830 (6,178,611) 6,968,616
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback
transaction - - - 959,154 959,154
Accumulated deferred income taxes - - 448,115 (390,520) 57,595
Accumulated deferred investment tax credits - 33,280 20,944 - 54,224
Asset retirement obligations - 26,780 865,271 - 892,051
Retirement benefits 48,214 236,946 - - 285,160
Property taxes - 16,463 24,649 - 41,112
Lease market valuation liability - 216,695 - - 216,695
Other 107,191 23,674 17,242 - 148,107
155,405 553,838 1,376,221 568,634 2,654,098
$ 6,374,608 $ 6,116,512 $ 5,510,859 $ (5,939,544) $ 12,062,435