Allegheny Power 2010 Annual Report Download - page 144

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129
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATING BALANCE SHEETS
As of December 31, 2009 FES FGCO NGC Eliminations Consolidated
(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ - $ 3 $ 9 $ - $ 12
Receivables-
Customers 195,107 - - - 195,107
Associated companies 305,298 175,730 134,841 (297,308) 318,561
Other 28,394 10,960 12,518 - 51,872
Notes receivable from associated companies 416,404 240,836 147,863 - 805,103
Materials and supplies, at average cost 17,265 307,079 215,197 - 539,541
Derivatives 31,485 - - - 31,485
Prepayments and other 48,540 18,356 9,401 - 76,297
1,042,493 752,964 519,829 (297,308) 2,017,978
PROPERTY, PLANT AND EQUIPMENT:
In service 90,474 5,478,346 5,174,835 (386,023) 10,357,632
Less - Accumulated provision for depreciation 13,649 2,778,320 1,910,701 (171,512) 4,531,158
76,825 2,700,026 3,264,134 (214,511) 5,826,474
Construction work in progress 6,032 2,049,078 368,336 - 2,423,446
82,857 4,749,104 3,632,470 (214,511) 8,249,920
INVESTMENTS:
Nuclear plant decommissioning trusts - - 1,088,641 - 1,088,641
Investment in associated companies 4,477,602 - - (4,477,602) -
Other 1,137 21,127 202 - 22,466
4,478,739 21,127 1,088,843 (4,477,602) 1,111,107
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income taxes 93,379 381,849 - (388,602) 86,626
Customer intangibles 16,566 - - - 16,566
Goodwill 24,248 - - - 24,248
Property taxes - 27,811 22,314 - 50,125
Unamortized sale and leaseback costs - 16,454 - 56,099 72,553
Derivatives 28,368 - - - 28,368
Other 54,477 71,179 18,755 (51,114) 93,297
217,038 497,293 41,069 (383,617) 371,783
$ 5,821,127 $ 6,020,488 $ 5,282,211 $ (5,373,038) $ 11,750,788
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt $ 736 $ 646,402 $ 922,429 $ (18,640) $ 1,550,927
Short-term borrowings-
Associated companies - 9,237 - - 9,237
Accounts payable-
Associated companies 261,788 170,446 295,045 (261,201) 466,078
Other 51,722 193,641 - - 245,363
Accrued taxes 44,213 61,055 22,777 (44,887) 83,158
Derivatives 125,609 - - - 125,609
Other 47,406 132,314 16,734 36,994 233,448
531,474 1,213,095 1,256,985 (287,734) 2,713,820
CAPITALIZATION:
Common stockholder's equity 3,514,571 2,346,515 2,119,488 (4,466,003) 3,514,571
Long-term debt and other long-term obligations 1,619,339 1,906,818 554,825 (1,269,330) 2,811,652
5,133,910 4,253,333 2,674,313 (5,735,333) 6,326,223
NONCURRENT LI
A
BILITIES:
Deferred gain on sale and leaseback
transaction - - - 992,869 992,869
Accumulated deferred income taxes - - 342,840 (342,840) -
Accumulated deferred investment tax credits - 36,359 22,037 - 58,396
Asset retirement obligations - 25,714 895,734 - 921,448
Retirement benefits 33,144 170,891 - - 204,035
Property taxes - 27,811 22,314 - 50,125
Lease market valuation liability - 262,200 - - 262,200
Other 122,599 31,085 67,988 - 221,672
155,743 554,060 1,350,913 650,029 2,710,745
$ 5,821,127 $ 6,020,488 $ 5,282,211 $ (5,373,038) $ 11,750,788