Allegheny Power 2011 Annual Report Download - page 111
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96
The following tables provide a reconciliation of federal income tax expense at the federal statutory rate to the total provision for
income taxes for the three years ended December 31, 2011.
2011
Book income (loss) before provision for income
taxes
Federal income tax expense at statutory rate
Increases (reductions) in taxes resulting from-
Amortization of investment tax credits
State income taxes, net of federal tax benefit
State unitary tax adjustments
Manufacturing deduction
Medicare Part D
Effectively settled tax items
State valuation allowance
Other, net
Total provision for income taxes
2010
Book income before provision for income taxes
Federal income tax expense at statutory rate
Increases (reductions) in taxes resulting from-
Amortization of investment tax credits
State income taxes, net of federal tax benefit
Manufacturing deduction
Medicare Part D
Effectively settled tax items
State valuation allowance
Other, net
Total provision for income taxes
2009
Book income (loss) before provision for income
taxes
Federal income tax expense at statutory rate
Increases (reductions) in taxes resulting from-
Amortization of investment tax credits
State income taxes, net of federal tax benefit
Manufacturing deduction
Medicare Part D
Effectively settled tax items
State valuation allowance
Other, net
Total provision for income taxes
FirstEnergy
(In millions)
$1,459
$ 511
(11)
28
33
16
36
(11)
(19)
(9)
$ 574
$1,204
$ 421
(9)
40
—
17
(34)
—
27
$ 462
$1,056
$ 370
(9)
52
(13)
14
(217)
(1)
(12)
$ 184
FES
$ (70)
$ (25)
(4)
4
—
13
4
(2)
2
(3)
$ (11)
$ 356
$ 125
(4)
7
2
1
(2)
2
(6)
$ 125
$ 779
$ 273
(4)
19
(11)
7
—
3
(6)
$ 281
OE
$ 206
$ 72
(1)
1
—
3
6
(3)
—
—
$ 78
$ 233
$ 82
(1)
1
(2)
2
(9)
—
5
$ 78
$ 181
$ 63
(2)
5
(2)
(1)
—
—
(1)
$ 62
CEI
$ 104
$ 36
(1)
2
—
1
3
(3)
—
(4)
$ 34
$ 111
$ 39
(1)
(2)
—
1
(4)
—
2
$ 35
$ (50)
$ (18)
(1)
2
1
—
—
—
(4)
$ (20)
TE
$ 49
$ 17
—
(3)
—
—
1
(3)
—
3
$ 15
$ 52
$ 18
—
(1)
—
—
(3)
—
2
$ 16
$ 24
$ 8
—
1
(1)
—
—
—
(3)
$ 5
JCP&L
$ 261
$ 91
—
18
—
—
6
—
—
2
$ 117
$ 330
$ 116
—
24
—
4
—
—
3
$ 147
$ 263
$ 92
—
18
—
2
—
—
(7)
$ 105
Met-Ed
$ 105
$ 37
—
(2)
—
—
5
—
—
(3)
$ 37
$ 108
$ 38
—
7
—
2
—
—
1
$ 48
$ 82
$ 29
—
2
—
1
—
—
(3)
$ 29
Penelec
$ 93
$ 33
—
(6)
—
—
6
—
(4)
1
$ 30
$110
$ 39
(1)
4
—
3
—
(1)
2
$ 46
$ 89
$ 31
(1)
4
—
2
—
(2)
5
$ 39