Allegheny Power 2015 Annual Report Download - page 40
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24
2013FinancialResults
Regulated
Distribution
Regulated
Transmission
Competitive
Energy
Services
Corporate/Other
andReconciling
Adjustments
FirstEnergy
Consolidated
(Inmillions)
Revenues:
External
Electric
$
8,499
$
731
$
5,542
$
(161
)
$
14,611
Other
221
—
186
(126
)
281
Internal
—
—
770
(770
)
—
TotalRevenues
8,720
731
6,498
(1,057
)
14,892
OperatingExpenses:
Fuel
377
—
2,119
—
2,496
Purchasedpower
3,308
—
1,425
(770
)
3,963
Otheroperatingexpenses
1,773
131
2,007
(318
)
3,593
PensionandOPEBmarktomarket
(149
)
—
(107
)
—
(256
)
Provisionfordepreciation
606
114
439
43
1,202
Amortizationofregulatoryassets,net
529
10
—
—
539
Generaltaxes
697
54
202
25
978
Impairmentoflonglivedassets
322
—
473
—
795
TotalOperatingExpenses
7,463
309
6,558
(1,020
)
13,310
OperatingIncome(Loss)
1,257
422
(60
)
(37
)
1,582
OtherIncome(Expense):
Gain(loss)ondebtredemptions
—
—
(149
)
17
(132
)
Investmentincome
57
—
14
(38
)
33
Interestexpense
(543
)
(93
)
(222
)
(158
)
(1,016
)
Capitalizedinterest
31
14
42
16
103
TotalOtherExpense
(455
)
(79
)
(315
)
(163
)
(1,012
)
Income(Loss)FromContinuingOperations
BeforeIncomeTaxes(Benefits)
802
343
(375
)
(200
)
570
Incometaxes(benefits)
301
129
(140
)
(95
)
195
IncomeFromContinuingOperations
501
214
(235
)
(105
)
375
DiscontinuedOperations,netoftax
—
—
17
—
17
NetIncome(Loss)
$
501
$
214
$
(218
)
$
(105
)
$
392