Allegheny Power 2010 Annual Report Download - page 38

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23
Energy Competitive Other and
Delivery Energy Reconciling FirstEnergy
2008 Financial Results Services Services Adjustments Consolidated
(In millions)
Revenues:
External
Electric $ 11,360 $ 1,333 $ - $ 12,693
Other 708 238 (12) 934
Internal - 2,968 (2,968) -
Total Revenues 12,068 4,539 (2,980) 13,627
Expenses:
Fuel 2 1,338 - 1,340
Purchased power 6,480 779 (2,968) 4,291
Other operating expenses 2,022 1,142 (119) 3,045
Provision for depreciation 417 243 17 677
A
mortization of regulatory assets 1,053 - - 1,053
Deferral of new regulatory assets (316) - - (316)
Impairment of long lived assets - - - -
General taxes 646 109 23 778
Total Expenses 10,304 3,611 (3,047) 10,868
Operating Income 1,764 928 67 2,759
Other Income (Expense):
Investment income 171 (34) (78) 59
Interest expense (411) (152) (191) (754)
Capitalized interest 3 44 5 52
Total Other Expense (237) (142) (264) (643)
Income Before Income Taxes 1,527 786 (197) 2,116
Income taxes 611 314 (148) 777
Net Income 916 472 (49) 1,339
Loss attributable to noncontrolling interest - - (3) (3)
Earnings available to FirstEnergy Corp. $ 916 $ 472 $ (46) $ 1,342