Allegheny Power 2014 Annual Report Download - page 2

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FINANCIAL HIGHLIGHTS
KEY ACCOMPLISHMENTS
• Generated $2.7 billion in cash from operations
• Invested $1.4 billion to expand and strengthen our
transmission system as part of our Energizing the
Future initiative
• Achieved five consecutive years of growth in
the industrial sector of our distribution business
• Repositioned our competitive generation business to
reduce risk and better capture market opportunities
• Moved forward with our program to install 2 million new
smart meters in Pennsylvania by mid-2019
• Efforts to ensure competitive energy markets adequately
value baseload coal and nuclear generation helped
produce initial market reforms
FINANCIALS AT A GLANCE
(dollars in millions, except per share amounts)
2014 2013 2012
TOTAL REVENUES $15,049 $14,892 $15,255
NET INCOME $299 $392 $771
BASIC EARNINGS per common share $0.71 $0.94 $1.85
DILUTED EARNINGS per common share $0.71 $0.94 $1.84
DIVIDENDS PAID per common share $1.44 $2.20 $2.20
BOOK VALUE per common share $29.49 $30.32 $31.29
NET CASH FROM OPERATING ACTIVITIES $2,713 $2,662 $2,320
NET CASH FROM OPERATING ACTIVITIES
(in millions)
2014
2013
2012
2,662
2,320
2,713
0 2,000 2,500 3,000500 1,000 1,500
* FirstEnergy’s index is comprised of two indices that are commonly used in the electric utility industry: Transmission Outage Frequency (TOF)
and System Average Interruption Duration Index (SAIDI). Our index measures frequency and duration of service interruptions: the better the
performance, the higher the score. The highest score possible is 2.75.
TRANSMISSION AND DISTRIBUTION RELIABILITY INDEX*
2014
2013
2012 2.31
INDUSTRIAL DISTRIBUTION ELECTRIC SALES
(in thousands of megawatt-hours)
2014
2013
2012
50,243
49,378
51,213
2.47
2.56
0 40,000 50,000 60,00010,000 30,00020,000
0 2 2.5 2.750.5 1 1.5.25 .75 1.25 1.75 2.25