Duke Energy 2011 Annual Report Download - page 236

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PART II
DUKE ENERGY CORPORATION •DUKE ENERGY CAROLINAS, LLC •DUKE ENERGY OHIO, INC. •DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Duke Energy Ohio
(In millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2011
Operating
revenues $879 $ 694 $838 $770 $3,181
Operating
income 135 59 116 65 375
Net income 73 33 51 37 194
2010
Operating
revenues $977 $ 649 $923 $780 $3,329
Operating
income
(loss) 222 (781) 279 55 (225)
Net income
(loss) 130 (759) 176 12 (441)
The following table includes unusual or infrequently occurring
items recorded by Duke Energy Ohio in each quarter during the two
most recently completed fiscal years. All amounts discussed below
are pre-tax unless otherwise noted.
(In millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2011
Emission Allowance
impairment (see Note 12) $ — $ — $(79) $ —
2010
Voluntary severance
program expenses (see
Note 19) $(11) $ (10) $ (2) $ (1)
Commercial Power
non-regulated Midwest
generation goodwill
impairment (see Note 12) — (461) — —
FE&G Ohio T&D goodwill
impairment (see Note 12) — (216) — —
Midwest generation asset
and emission allowance
impairment (see Note 12) — (160) — —
Disallowance of previously
deferred storm costs — — — (17)
Total $(11) $(847) $ (2) $(18)
Duke Energy Indiana
(In millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2011
Operating
revenues $659 $620 $718 $625 $2,622
Operating
income
(loss) 130 109 (42) 85 282
Net income
(loss) 76 68 (31) 55 168
2010
Operating
revenues $610 $579 $694 $637 $2,520
Operating
income 121 109 149 127 506
Net income 70 57 92 66 285
The following table includes unusual or infrequently occurring
items recorded by Duke Energy Indiana in each quarter during the
two most recently completed fiscal years. All amounts discussed
below are pre-tax unless otherwise noted.
(In millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2011
Edwardsport IGCC
impairment (see Note 4) $ — $ — $(222) $ —
2010
Voluntary severance
program expenses (see
Note 19) $(10) $(16) $ (3) $ (4)
Edwardsport IGCC
impairment (see Note 4) ——(44) —
Total $(10) $(16) $ (47) $ (4)
216