Allegheny Power 2013 Annual Report Download - page 31

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16
2012 Financial Results
Regulated
Distribution
Regulated
Transmission
Competitive
Energy
Services
Other and
Reconciling
Adjustments
FirstEnergy
Consolidated
(In millions)
Revenues:
External
Electric $ 8,849 $740 $5,632 $(214) $ 15,007
Other 211 —146 (93)264
Internal — — 866 (864)2
Total Revenues 9,060 740 6,644 (1,171)15,273
Operating Expenses:
Fuel 263 —2,208 —2,471
Purchased power 3,801 —1,307 (862)4,246
Other operating expenses 2,126 136 1,840 (342)3,760
Pension and OPEB mark-to-market 392 2215 —609
Provision for depreciation 558 114 409 38 1,119
Deferral of storm costs (370) (5) — — (375)
Amortization of regulatory assets, net 305 2 — — 307
General taxes 706 44 209 25 984
Total Operating Expenses 7,781 293 6,188 (1,141)13,121
Operating Income 1,279 447 456 (30)2,152
Other Income (Expense):
Investment income 84 1 66 (74) 77
Interest expense (540)(92)(284)(85)(1,001)
Capitalized interest 12 3 44 13 72
Total Other Expense (444)(88)(174)(146)(852)
Income From Continuing Operations Before Income
Taxes 835 359 282 (176)1,300
Income taxes 295 133 83 34 545
Income From Continuing Operations 540 226 199 (210)755
Discontinued Operations, net of tax — — 16 — 16
Net Income 540 226 215 (210)771
Income attributable to noncontrolling interest — — — 1 1
Earnings Available to FirstEnergy Corp. $ 540 $226 $215 $(211) $ 770