ComEd 2006 Annual Report Download - page 105

(a) Other includes corporate operations, shared service entities, including BSC, Enterprises, investments in synthetic fuel-
producing facilities and intersegment eliminations.
Net Income (Loss) by Business Segment
2005 2004
Favorable
(unfavorable)
variance
Generation ................................................. $1,098 $ 673 $ 425
ComEd .................................................... (685) 676 (1,361)
PECO ..................................................... 517 455 62
Other (a) .................................................... (7) 60 (67)
Total ...................................................... $ 923 $1,864 $ (941)
(a) Other includes corporate operations, shared service entities, including BSC, Enterprises, investments in synthetic fuel-
producing facilities and intersegment eliminations.
Results of Operations—Generation
2005 2004
Favorable
(unfavorable)
variance
Operating revenues ......................................... $9,046 $7,703 $1,343
Operating expenses
Purchased power and fuel ................................. 4,482 4,011 (471)
Operating and maintenance ............................... 2,288 2,201 (87)
Depreciation and amortization .............................. 254 286 32
Taxes other than income .................................. 170 166 (4)
Total operating expenses .............................. 7,194 6,664 (530)
Operating income .......................................... 1,852 1,039 813
Other income and deductions
Interest expense ......................................... (128) (103) (25)
Equity in losses of unconsolidated affiliates ................... (1) (14) 13
Other, net .............................................. 95 130 (35)
Total other income and deductions ...................... (34) 13 (47)
Income from continuing operations before income taxes and
minority interest .......................................... 1,818 1,052 766
Income taxes .............................................. 709 401 (308)
Income from continuing operations before minority interest ..... 1,109 651 458
Minority interest ............................................ — 6 (6)
Income from continuing operations ........................... 1,109 657 452
Discontinued operations
Loss from discontinued operations .......................... — (16) 16
Gain on disposal of discontinued operations .................. 19 — 19
Income (loss) from discontinued operations ............... 19 (16) 35
Income before cumulative effect of changes in accounting
principles ................................................ 1,128 641 487
Cumulative effect of changes in accounting principles .......... (30) 32 (62)
Net income ................................................ $1,098 $ 673 $ 425
100