Allegheny Power 2010 Annual Report Download - page 31

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16
Energy Competitive Other and
Delivery Energy Reconciling FirstEnergy
2009 Financial Results Services Services Adjustments Consolidated
(In millions)
Revenues:
External
Electric $ 10,585 $ 1,447 $ - $ 12,032
Other 559 447 (82) 924
Internal* - 2,843 (2,826) 17
Total Revenues 11,144 4,737 (2,908) 12,973
Expenses:
Fuel - 1,153 - 1,153
Purchased power 6,560 996 (2,826) 4,730
Other operating expenses 1,424 1,357 (84) 2,697
Provision for depreciation 445 270 21 736
A
mortization of regulatory assets 1,155 - - 1,155
Deferral of new regulatory assets (136) - - (136)
Impairment of long lived assets - 6 - 6
General taxes 641 108 4 753
Total Expenses 10,089 3,890 (2,885) 11,094
Operating Income 1,055 847 (23) 1,879
Other Income (Expense):
Investment income 139 121 (56) 204
Interest expense (472) (166) (340) (978)
Capitalized interest 3 60 67 130
Total Other Income (Expense) (330) 15 (329) (644)
Income Before Income Taxes 725 862 (352) 1,235
Income taxes 290 345 (390) 245
Net Income 435 517 38 990
Loss attributable to noncontrolling interest - - (16) (16)
Earnings available to FirstEnergy Corp. $ 435 $ 517 $ 54 $ 1,006
* Under the accounting standard for the effects of certain types of regulation, Internal revenues are not fully offset for sale of RECs by
FES to the Ohio Companies that are retained in inventory.