Allegheny Power 2013 Annual Report Download - page 40

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25
2011 Financial Results
Regulated
Distribution
Regulated
Transmission
Competitive
Energy
Services
Other and
Reconciling
Adjustments
FirstEnergy
Consolidated
(In millions)
Revenues:
External
Electric $ 9,689 $660 $5,616 $(24) $ 15,941
Other 224 —167 (294) 97
Internal — — 1,237 (1,170) 67
Total Revenues 9,913 660 7,020 (1,488)16,105
Operating Expenses:
Fuel 268 —2,049 —2,317
Purchased power 4,667 —1,379 (1,172)4,874
Other operating expenses 1,842 113 2,241 (247)3,949
Pension and OPEB mark-to-market 290 2215 —507
Provision for depreciation 523 104 411 24 1,062
Deferral of storm costs (145) — — — (145)
Amortization of regulatory assets, net 468 6 — — 474
General taxes 717 40 199 21 977
Impairment of long-lived assets 87 —315 11 413
Total Operating Expenses 8,717 265 6,809 (1,363)14,428
Operating Income 1,196 395 211 (125)1,677
Other Income (Expense):
Gain on partial sale of Signal Peak — — 569 —569
Investment income 99 — 56 (41)114
Interest expense (530)(89)(298)(91)(1,008)
Capitalized interest 10 2 40 18 70
Total Other Income (Expense) (421)(87)367 (114)(255)
Income From Continuing Operations Before Income
Taxes 775 308 578 (239)1,422
Income taxes 287 114 214 (49)566
Income From Continuing Operations 488 194 364 (190)856
Discontinued Operations, net of tax — — 13 — 13
Net Income 488 194 377 (190)869
Income (loss) attributable to noncontrolling interest — — — (16)(16)
Earnings Available to FirstEnergy Corp. $ 488 $194 $377 $(174) $ 885