Allegheny Power 2011 Annual Report Download - page 38

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23
Summary of Results of Operations — 2010 Compared with 2009
Financial results for FirstEnergy’s major business segments in 2010 and 2009 were as follows:
2010 Financial Results
Revenues:
External
Electric
Other
Internal
Total Revenues
Operating Expenses:
Fuel
Purchased power
Other operating expenses
Pensions and OPEB mark-to-market
adjustment
Provision for depreciation
Amortization of regulatory assets, net
General taxes
Impairment of long-lived assets
Total Operating Expenses
Operating Income
Other Income (Expense):
Investment income
Interest expense
Capitalized interest
Total Other Expense
Income Before Income Taxes
Income taxes
Net Income
Loss attributable to noncontrolling interest
Earnings available to FirstEnergy Corp.
Regulated
Distribution
(In millions)
$ 9,271
300
139
9,710
—
5,273
1,320
82
433
712
605
—
8,425
1,285
102
(500)
4
(394)
891
338
553
—
$ 553
Competitive
Energy
Services
$ 3,252
323
2,301
5,876
1,432
1,724
1,393
107
284
—
124
388
5,452
424
51
(232)
95
(86)
338
128
210
—
$ 210
Regulated
Independent
Transmission
$ —
242
—
242
—
—
61
(2)
37
10
30
—
136
106
—
(22)
2
(20)
86
32
54
—
$ 54
Other and
Reconciling
Adjustments
$ —
(123)
(2,366)
(2,489)
—
(2,373)
(78)
3
14
—
17
—
(2,417)
(72)
(36)
(91)
64
(63)
(135)
(36)
(99)
(24)
$ (75)
FirstEnergy
Consolidated
$ 12,523
742
74
13,339
1,432
4,624
2,696
190
768
722
776
388
11,596
1,743
117
(845)
165
(563)
1,180
462
718
(24)
$ 742