ComEd 2010 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2010 ComEd annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

Discussion of Financial Results - Exelon
26
Results of Operations
Favorable
(Unfavorable)
(Dollars in millions, except for per share data) 2010 2009 Variance
Operating revenues $ 18,644 $ 17,318 $ 1,326
Operating expenses
Purchased power and fuel expense 6,435 5,281 (1,154)
Operating and maintenance 4,453 4,612 159
Operating and maintenance for regulatory required programs 147 63 (84)
Depreciation and amortization 2,075 1,834 (241)
Taxes other than income 808 778 (30)
Total operating expenses 13,918 12,568 (1,350)
Operating income 4,726 4,750 (24)
Other income and deductions
Interest expense, net (792) (654) (138)
Interest expense to affiliates, net (25) (77) 52
Loss in equity method investments – (27) 27
Other, net 312 427 (115)
Total other income and deductions (505) (331) (174)
Income before income taxes 4,221 4,419 (198)
Income taxes 1,658 1,712 (54)
Net income $ 2,563 $ 2,707 $ (144)
Diluted earnings per share $ 3.87 $ 4.09 $ (0.22)