RECENT INVESTMENT ACTIVITY (Tables)

3 Months Ended

Sep. 30, 2011

Recent Investment Activity (Tables) [Abstract]

Schedule of Business Acquisition Table

PURCHASE PRICE ALLOCATION
(Dollars in millions)
			At April 6, 2011
								Other
				Chilean		Peruvian		holding		Preliminary		Adjust-		Adjusted
				entities		entities		companies		Allocation		ments		Allocation
Fair value of businesses acquired:
		Cash consideration (fair value of total
		consideration)	$	495	$	385	$	8	$	888	$	―	$	888
		Fair value of equity method
		investments immediately prior to
		the acquisition		495		385		2		882		―		882
		Fair value of noncontrolling interests		37		242		―		279		―		279
Total fair value of businesses acquired				1,027		1,012		10		2,049		―		2,049
Recognized amounts of identifiable assets
	acquired and liabilities assumed:
		Cash		219		22		4		245		―		245
		Accounts receivable(1)		159		101		6		266		2		268
		Other current assets		20		19		―		39		―		39
		Property, plant and equipment		554		931		―		1,485		1		1,486
		Other noncurrent assets		66		―		―		66		2		68
		Accounts payable		(79)		(59)		―		(138)		―		(138)
		Short-term debt and current portion
		of long-term debt		―		(47)		―		(47)		―		(47)
		Other current liabilities		(29)		(56)		―		(85)		(5)		(90)
		Long-term debt		(294)		(179)		―		(473)		(11)		(484)
		Other noncurrent liabilities		(90)		(178)		―		(268)		―		(268)
Total identifiable net assets				526		554		10		1,090		(11)		1,079
Goodwill			$	501	$	458	$	―	$	959	$	11	$	970
Acquisition-related costs (included in Other
	Operation and Maintenance expense on
	the Condensed Consolidated
	Statements of Operations for the nine
	months ended September 30, 2011)		$	1	$	1	$	―	$	2	$	―	$	2
(1)		We expect acquired accounts receivable to be substantially realizable in cash. Accounts receivable are net of collection allowances of $6 million for Chile and $1 million for Peru.

Schedule of Business Acquisition Proforma Information Table

		Three months ended				Nine months ended
		September 30,				September 30,
(Dollars in millions)		2011		2010		2011		2010
Revenues		$	2,576	$	2,431	$	7,775	$	7,594
Earnings(1)			296		146		813		793
(1)	Pro forma earnings for the nine months ended September 30, 2010 include the $277 million gain related to the remeasurement of equity method investments.