Allegheny Power 2015 Annual Report Download - page 158

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
142
SegmentFinancialInformation

FortheYearsEndedDecember31,
Regulated
Distribution
Regulated
Transmission
Competitive
Energy
Services
Corporate
/Other
Reconciling
Adjustments
Consolidated
(Inmillions)
2015
Externalrevenues
$
9,625
$
1,011
$
4,698
$
(168
)
$
(140
)
$
15,026
Internalrevenues
—
—
686
—
(686
)
—
Totalrevenues
9,625
1,011
5,384
(168
)
(826
)
15,026
Depreciation
672
156
394
60
—
1,282
Amortizationofregulatoryassets,net
261
7
—
—
—
268
Impairmentoflonglivedassets
8
—
34
—
—
42
Investmentincome(loss)
42
—
(16
)
(9
)
(39
)
(22
)
Impairmentofequitymethodinvestment
—
—
—
362
—
362
Interestexpense
586
161
192
193
—
1,132
Incometaxes(benefits)
342
174
50
(262
)
11

315
Income(loss)fromcontinuingoperations
618
298
89
(427
)
—
578
Discontinuedoperations,netoftax
—
—
—
—
—
—
Netincome(loss)
618
298
89
(427
)
—
578
Totalassets
27,876
7,439
16,365
507
—
52,187
Totalgoodwill
5,092
526
800
—
—
6,418
Propertyadditions
1,108
952
588
56
—
2,704
2014
Externalrevenues
$
9,102
$
769
$
5,470
$
(146
)
$
(146
)
$
15,049
Internalrevenues
—
—
819
—
(819
)
—
Totalrevenues
9,102
769
6,289
(146
)
(965
)
15,049
Depreciation
658
127
387
48
—
1,220
Amortizationofregulatoryassets,net
1
11

—
—
—
12
Impairmentoflonglivedassets
—
—
—
—
—
—
Investmentincome(loss)
56
—
54
2
(40
)
72
Impairmentofequitymethodinvestment
—
—
—
—
—
—
Interestexpense
589
131
189
168
(4
)
1,073
Incometaxes(benefits)
227
121
(223
)
(178
)
11

(42
)
Income(loss)fromcontinuingoperations
465
223
(417
)
(58
)
—
213
Discontinuedoperations,netoftax
—
—
86
—
—
86
Netincome(loss)
465
223
(331
)
(58
)
—
299
Totalassets
28,085
6,252
16,518
793
—
51,648
Totalgoodwill
5,092
526
800
—
—
6,418
Propertyadditions
972
1,329
939
72
—
3,312
2013
Externalrevenues
$
8,720
$
731
$
5,728
$
(121
)
$
(166
)
$
14,892
Internalrevenues
—
—
770
—
(770
)
—
Totalrevenues
8,720
731
6,498
(121
)
(936
)
14,892
Depreciation
606
114

439
43
—
1,202
Amortizationofregulatoryassets,net
529
10
—
—
—
539
Impairmentoflonglivedassets
322
—
473
—
—
795
Investmentincome(loss)
57
—
14
6
(44
)
33
Impairmentofequitymethodinvestment
—
—
—
—
—
—
Interestexpense
543
93
222
148
10
1,016
Incometaxes(benefits)
301
129
(140
)
(105
)
10
195
Income(loss)fromcontinuingoperations
501
214
(235
)
(105
)
—
375
Discontinuedoperations,netoftax
—
—
17
—
—
17
Netincome(loss)
501
214
(218
)
(105
)
—
392
Totalassets
27,683
5,247
16,782
712
—
50,424
Totalgoodwill
5,092
526
800
—
—
6,418
Propertyadditions
1,272
461
827
78
—
2,638


143
19.DISCONTINUEDOPERATIONS

OnFebruary12,2014,certainofFirstEnergy'ssubsidiariessoldelevenhydroelectricpowerstationstoasubsidiaryofLSPowerfor
approximately$394million(FES$307million).Thecarryingvalueoftheassetssoldwas$235million(FES$122million),including
goodwillof$29million(FES$1million).Pretaxincomeforthehydroelectricfacilitiesof$155millionand$26million(FES$186
millionand$22million)fortheyearsendedDecember31,2014and2013,respectively,wasincludedindiscontinuedoperationsin
theConsolidatedStatementofIncome.IncludedinincomefordiscontinuedoperationsintheyearendedDecember31,2014,wasa
pretaxgainonthesaleofassetsof$142million(FES$177million).Revenuesforthehydroelectricfacilitiesof$5millionand$33
million(FES$5millionand$31million)foryearsendedDecember31,2014and2013,respectively,wereincludedindiscontinued
operationsintheConsolidatedStatementofIncome.