Allegheny Power 2014 Annual Report Download - page 37

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22
2012 Financial Results Regulated
Distribution Regulated
Transmission
Competitive
Energy
Services
Corporate/Other
and Reconciling
Adjustments FirstEnergy
Consolidated
(In millions)
Revenues:
External
Electric $ 8,849 $735 $5,632 $(214) $ 15,002
Other 198 — 146 (93)251
Internal — — 866 (864)2
Total Revenues 9,047 735 6,644 (1,171)15,255
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 2 215 — 609
Provision for depreciation 558 114 409 38 1,119
Amortization of regulatory assets, net (65) (3) — — (68)
General taxes 706 44 209 25 984
Total Operating Expenses 7,781 293 6,188 (1,141)13,121
Operating Income 1,266 442 456 (30)2,134
Other Income (Expense):
Investment income 84 1 66 (74) 77
Interest expense (540)(92)(284)(85)(1,001)
Capitalized interest 25 8 44 13 90
Total Other Expense (431)(83)(174)(146)(834)
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