Supplemental Guarantor Condensed Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Guarantor Condensed Financial Information [Abstract]

Condensed Consolidating Statements of Income (Loss)

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Income (Loss)

Three Months Ended September 30, 2015

(millions of dollars)

	Parent Guarantor			Issuer			Other Guarantors			Non- guarantors		Eliminations			Consolidated
Operating revenues	$	—		$	—		$	1,737		$	—	$	—		$	1,737
Fuel, purchased power costs and delivery fees	—			—			(831		)	—		—			(831		)
Net gain from commodity hedging and trading activities	—			—			103			—		—			103
Operating costs	—			—			(189		)	—		—			(189		)
Depreciation and amortization	—			(2		)	(198		)	—		—			(200		)
Selling, general and administrative expenses	—			1			(175		)	—		—			(174		)
Impairment of goodwill	—			(700		)	—			—		—			(700		)
Impairment of long-lived assets	—			—			(1,295		)	—		—			(1,295		)
Other income	—			—			4			—		—			4
Other deductions	—			—			(25		)	—		—			(25		)
Interest income	—			9			35			—		(44		)	—
Interest expense and related charges	(1		)	(361		)	(7		)	—		43			(326		)
Reorganization items	—			(40		)	1			—		—			(39		)
Loss before income taxes	(1		)	(1,093		)	(840		)	—		(1		)	(1,935		)
Income tax (expense) benefit	—			112			299			—		6			417
Equity earnings of subsidiaries	(1,517		)	(536		)	—			—		2,053			—
Net loss	(1,518		)	(1,517		)	(541		)	—		2,058			(1,518		)
Other comprehensive income (loss)	—			—			—			—		—			—
Comprehensive loss	$	(1,518	)	$	(1,517	)	$	(541	)	$	—	$	2,058		$	(1,518	)

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Income (Loss)

Nine Months Ended September 30, 2015

(millions of dollars)

	Parent Guarantor			Issuer			Other Guarantors			Non- guarantors			Eliminations			Consolidated
Operating revenues	$	—		$	—		$	4,265		$	—		$	—		$	4,265
Fuel, purchased power costs and delivery fees	—			—			(2,090		)	—			—			(2,090		)
Net gain from commodity hedging and trading activities	—			—			226			—			—			226
Operating costs	—			—			(598		)	—			—			(598		)
Depreciation and amortization	—			(5		)	(629		)	—			—			(634		)
Selling, general and administrative expenses	—			3			(498		)	—			—			(495		)
Impairment of goodwill	—			(1,400		)	—			—			—			(1,400		)
Impairment of long-lived assets	—			—			(1,971		)	—			—			(1,971		)
Other income	—			—			9			6			—			15
Other deductions	—			—			(86		)	—			—			(86		)
Interest income	—			16			80			—			(96		)	—
Interest expense and related charges	(4		)	(1,046		)	(13		)	—			96			(967		)
Reorganization items	—			(123		)	(29		)	—			—			(152		)
Income (loss) before income taxes	(4		)	(2,555		)	(1,334		)	6			—			(3,887		)
Income tax (expense) benefit	—			338			465			(2		)	15			816
Equity earnings (losses) of subsidiaries	(3,067		)	(850		)	4			—			3,913			—
Net income (loss)	(3,071		)	(3,067		)	(865		)	4			3,928			(3,071		)
Other comprehensive income (loss)	1			1			—			—			(1		)	1
Comprehensive income (loss)	$	(3,070	)	$	(3,066	)	$	(865	)	$	4		$	3,927		$	(3,070	)

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Income (Loss)

Three Months Ended September 30, 2014

(millions of dollars)

	Parent Guarantor			Issuer			Other Guarantors			Non- guarantors		Eliminations			Consolidated
Operating revenues	$	—		$	—		$	1,807		$	—	$	—		$	1,807
Fuel, purchased power costs and delivery fees	—			—			(868		)	—		—			(868		)
Net gain from commodity hedging and trading activities	—			—			75			—		—			75
Operating costs	—			—			(204		)	—		—			(204		)
Depreciation and amortization	—			—			(327		)	—		—			(327		)
Selling, general and administrative expenses	—			—			(163		)	—		—			(163		)
Impairment of long-lived assets	—			—			(9		)	—		—			(9		)
Other income	—			—			5			—		—			5
Other deductions	—			—			(5		)	—		—			(5		)
Interest income	—			—			7			—		(7		)	—
Interest expense and related charges	(2		)	(331		)	1			—		7			(325		)
Reorganization items	—			(45		)	—			—		—			(45		)
Income (loss) before income taxes	(2		)	(376		)	319			—		—			(59		)
Income tax (expense) benefit	1			114			(99		)	—		5			21
Equity earnings (losses) of subsidiaries	(37		)	225			—			—		(188		)	—
Net income (loss)	(38		)	(37		)	220			—		(183		)	(38		)
Other comprehensive income (loss)	—			—			—			—		—			—
Comprehensive income (loss)	$	(38	)	$	(37	)	$	220		$	—	$	(183	)	$	(38	)

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Income (Loss)

Nine Months Ended September 30, 2014

(millions of dollars)

	Parent Guarantor			Issuer			Other Guarantors			Non- guarantors			Eliminations			Consolidated
Operating revenues	$	—		$	—		$	4,731		$	—		$	—		$	4,731
Fuel, purchased power costs and delivery fees	—			—			(2,256		)	—			—			(2,256		)
Net loss from commodity hedging and trading activities	—			(90		)	(28		)	—			—			(118		)
Operating costs	—			—			(660		)	—			—			(660		)
Depreciation and amortization	—			—			(983		)	—			—			(983		)
Selling, general and administrative expenses	—			(29		)	(496		)	(2		)	—			(527		)
Impairment of long-lived assets	—			—			(30		)	—			—			(30		)
Other income	—			—			9			2			—			11
Other deductions	—			—			(8		)	—			—			(8		)
Interest income	1			80			270			—			(351		)	—
Interest expense and related charges	(9		)	(1,705		)	(803		)	—			1,083			(1,434		)
Reorganization items	—			(468		)	—			—			—			(468		)
Loss) before income taxes	(8		)	(2,212		)	(254		)	—			732			(1,742		)
Income tax benefit	2			729			84			—			(241		)	574
Equity earnings (losses) of subsidiaries	(1,162		)	321			—			—			841			—
Net loss	(1,168		)	(1,162		)	(170		)	—			1,332			(1,168		)
Other comprehensive income	1			1			—			—			(1		)	1
Comprehensive loss	$	(1,167	)	$	(1,161	)	$	(170	)	$	—		$	1,331		$	(1,167	)

Condensed Consolidating Statements of Cash Flows

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Cash Flows

Nine Months Ended September 30, 2015

(millions of dollars)

	Parent/ Guarantor			Issuer			Other Guarantors			Non- guarantors			Eliminations			Consolidated
Cash provided by (used in) operating activities	$	(6	)	$	(1,159	)	$	1,369		$	(1	)	$	—		$	203
Cash flows – financing activities:
Notes/advances due to affiliates	10			985			—			2			(997		)	—
Repayments/repurchases of debt	(4		)	—			(20		)	—			—			(24		)
Cash provided by (used in) financing activities	6			985			(20		)	2			(997		)	(24		)
Cash flows – investing activities:
Capital expenditures	—			(15		)	(260		)	—			—			(275		)
Nuclear fuel purchases	—			—			(77		)	—			—			(77		)
Settlements of notes due from affiliates	—			—			(997		)	—			997			—
Changes in restricted cash	—			31			2			—			—			33
Proceeds from sales of nuclear decommissioning trust fund securities	—			—			315			—			—			315
Investments in nuclear decommissioning trust fund securities	—			—			(328		)	—			—			(328		)
Other, net	—			—			3			9			—			12
Cash provided by (used in) investing activities	—			16			(1,342		)	9			997			(320		)
Net change in cash and cash equivalents	—			(158		)	7			10			—			(141		)
Cash and cash equivalents – beginning balance	—			1,826			16			1			—			1,843
Cash and cash equivalents – ending balance	$	—		$	1,668		$	23		$	11		$	—		$	1,702

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES

A DEBTOR-IN-POSSESSION

Condensed Consolidating Statements of Cash Flows

Nine Months Ended September 30, 2014

(millions of dollars)

	Parent/ Guarantor			Issuer			Other Guarantors			Non- guarantors			Eliminations			Consolidated
Cash provided by (used in) operating activities	$	(4	)	$	(1,122	)	$	1,514		$	(5	)	$	—		$	383
Cash flows – financing activities:
Proceeds from TCEH DIP Facility	—			1,425			—			—			—			1,425
Fees paid for TCEH DIP Facility	—			(87		)	—			—			—			(87		)
Notes/advances due to affiliates	8			1,121			—			—			(1,129		)	—
Repayments/repurchases of debt	(4		)	(203		)	(17		)	—			—			(224		)
Contributions from noncontrolling interests	—			—			—			1			—			1
Cash provided by (used in) financing activities	4			2,256			(17		)	1			(1,129		)	1,115
Cash flows – investing activities:
Capital expenditures	—			—			(254		)	—			—			(254		)
Nuclear fuel purchases	—			—			(76		)	—			—			(76		)
Settlements of notes due from affiliates	—			—			(1,146		)	—			1,129			(17		)
Changes in restricted cash	—			194			—			—			—			194
Proceeds from sales of nuclear decommissioning trust fund securities	—			—			250			—			—			250
Investments in nuclear decommissioning trust fund securities	—			—			(263		)	—			—			(263		)
Cash provided by (used in) investing activities	—			194			(1,489		)	—			1,129			(166		)
Net change in cash and cash equivalents	—			1,328			8			(4		)	—			1,332
Cash and cash equivalents – beginning balance	—			725			16			5			—			746
Cash and cash equivalents – ending balance	$	—		$	2,053		$	24		$	1		$	—		$	2,078

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets September 30, 2015 (millions of dollars)
	Parent Guarantor			Issuer		Other Guarantors		Non-guarantors		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	1,668	$	23	$	11	$	—		$	1,702
Restricted cash	—			364		—		—		—			364
Advances to parent and affiliates	—			6		—		—		—			6
Trade accounts receivable – net	—			—		770		—		—			770
Income taxes receivable	1			487		—		—		(488		)	—
Inventories	—			—		388		—		—			388
Commodity and other derivative contractual assets	—			—		393		—		—			393
Other current assets	—			3		50		—		—			53
Total current assets	1			2,528		1,624		11		(488		)	3,676
Restricted cash	—			506		—		—		—			506
Investments	(31,199		)	7,819		942		5		23,352			919
Property, plant and equipment – net	—			17		9,965		3		—			9,985
Advances to parent and affiliates	—			3		—		—		—			3
Goodwill	—			952		—		—		—			952
Identifiable intangible assets – net	—			28		1,146		—		—			1,174
Commodity and other derivative contractual assets	—			—		30		—		—			30
Accumulated deferred income taxes	—			831		—		14		(845		)	—
Other noncurrent assets	—			3		37		—		—			40
Total assets	$	(31,198	)	$	12,687	$	13,744	$	33	$	22,019		$	17,285
LIABILITIES AND MEMBERSHIP INTERESTS
Borrowings under debtor-in-possession credit facility due currently	$	—		$	1,425	$	—	$	—	$	—		$	1,425
Long-term debt due currently	14			—		18		—		—			32
Trade accounts payable	—			14		347		—		—			361
Trade accounts and other payables to affiliates	—			—		177		—		—			177
Commodity and other derivative contractual liabilities	—			—		160		—		—			160
Margin deposits related to commodity positions	—			—		126		—		—			126
Accumulated deferred income taxes	24			43		44		—		—			111
Accrued income taxes payable to parent	—			—		486		2		(488		)	—

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets September 30, 2015 (millions of dollars)
	Parent Guarantor			Issuer			Other Guarantors			Non-guarantors		Eliminations			Consolidated
Accrued taxes other than income	$	—		$	—		$	85		$	—	$	—		$	85
Accrued interest	1			113			1			—		—			115
Other current liabilities	—			40			224			—		—			264
Total current liabilities	39			1,635			1,668			2		(488		)	2,856
Accumulated deferred income taxes	23			—			197			—		(8		)	212
Commodity and other derivative contractual liabilities	—			—			4			—		—			4
Notes or other liabilities due affiliates	—			—			—			2		(2		)	—
Long-term debt, less amounts due currently	30			—			36			—		—			66
Liabilities subject to compromise	144			42,255			32,540			—		(40,931		)	34,008
Other noncurrent liabilities and deferred credits	—			(4		)	1,671			—		—			1,667
Total liabilities	236			43,886			36,116			4		(41,429		)	38,813
Total membership interests	(31,434		)	(31,199		)	(22,372		)	29		63,448			(21,528		)
Total liabilities and membership interests	$	(31,198	)	$	12,687		$	13,744		$	33	$	22,019		$	17,285

Condensed Consolidating Balance Sheet

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets September 30, 2015 (millions of dollars)
	Parent Guarantor			Issuer		Other Guarantors		Non-guarantors		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	1,668	$	23	$	11	$	—		$	1,702
Restricted cash	—			364		—		—		—			364
Advances to parent and affiliates	—			6		—		—		—			6
Trade accounts receivable – net	—			—		770		—		—			770
Income taxes receivable	1			487		—		—		(488		)	—
Inventories	—			—		388		—		—			388
Commodity and other derivative contractual assets	—			—		393		—		—			393
Other current assets	—			3		50		—		—			53
Total current assets	1			2,528		1,624		11		(488		)	3,676
Restricted cash	—			506		—		—		—			506
Investments	(31,199		)	7,819		942		5		23,352			919
Property, plant and equipment – net	—			17		9,965		3		—			9,985
Advances to parent and affiliates	—			3		—		—		—			3
Goodwill	—			952		—		—		—			952
Identifiable intangible assets – net	—			28		1,146		—		—			1,174
Commodity and other derivative contractual assets	—			—		30		—		—			30
Accumulated deferred income taxes	—			831		—		14		(845		)	—
Other noncurrent assets	—			3		37		—		—			40
Total assets	$	(31,198	)	$	12,687	$	13,744	$	33	$	22,019		$	17,285
LIABILITIES AND MEMBERSHIP INTERESTS
Borrowings under debtor-in-possession credit facility due currently	$	—		$	1,425	$	—	$	—	$	—		$	1,425
Long-term debt due currently	14			—		18		—		—			32
Trade accounts payable	—			14		347		—		—			361
Trade accounts and other payables to affiliates	—			—		177		—		—			177
Commodity and other derivative contractual liabilities	—			—		160		—		—			160
Margin deposits related to commodity positions	—			—		126		—		—			126
Accumulated deferred income taxes	24			43		44		—		—			111
Accrued income taxes payable to parent	—			—		486		2		(488		)	—

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets September 30, 2015 (millions of dollars)
	Parent Guarantor			Issuer			Other Guarantors			Non-guarantors		Eliminations			Consolidated
Accrued taxes other than income	$	—		$	—		$	85		$	—	$	—		$	85
Accrued interest	1			113			1			—		—			115
Other current liabilities	—			40			224			—		—			264
Total current liabilities	39			1,635			1,668			2		(488		)	2,856
Accumulated deferred income taxes	23			—			197			—		(8		)	212
Commodity and other derivative contractual liabilities	—			—			4			—		—			4
Notes or other liabilities due affiliates	—			—			—			2		(2		)	—
Long-term debt, less amounts due currently	30			—			36			—		—			66
Liabilities subject to compromise	144			42,255			32,540			—		(40,931		)	34,008
Other noncurrent liabilities and deferred credits	—			(4		)	1,671			—		—			1,667
Total liabilities	236			43,886			36,116			4		(41,429		)	38,813
Total membership interests	(31,434		)	(31,199		)	(22,372		)	29		63,448			(21,528		)
Total liabilities and membership interests	$	(31,198	)	$	12,687		$	13,744		$	33	$	22,019		$	17,285

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets December 31, 2014 (millions of dollars)
	Parent Guarantor			Issuer		Other Guarantors		Non-guarantors		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	1,826	$	16	$	1	$	—		$	1,843
Restricted cash	—			—		2		—		—			2
Advances to parent and affiliates	—			8		1,179		—		(1,179		)	8
Trade accounts receivable – net	—			—		588		—		—			588
Income taxes receivable	—			176		—		—		(176		)
Inventories	—			—		468		—		—			468
Commodity and other derivative contractual assets	—			—		492		—		—			492
Other current assets	—			9		59		—		—			68
Total current assets	—			2,019		2,804		1		(1,355		)	3,469
Restricted cash	—			901		—		—		—			901
Investments	(28,114		)	10,845		958		8		17,244			941
Property, plant and equipment – net	—			34		12,251		3		—			12,288
Advances to parent and affiliates	—			7		—		—		—			7
Goodwill	—			2,352		—		—		—			2,352
Identifiable intangible assets – net	—			14		1,322		—		—			1,336
Commodity and other derivative contractual assets	—			—		5		—		—			5
Accumulated deferred income taxes	—			757		—		15		(772		)	—
Other noncurrent assets, principally unamortized debt amendment and issuance costs	—			3		31		—		—			34
Total assets	$	(28,114	)	$	16,932	$	17,371	$	27	$	15,117		$	21,333
LIABILITIES AND MEMBERSHIP INTERESTS
Current liabilities:
Notes/advances from affiliates	$	8		$	1,171	$	—	$	—	$	(1,179	)	$	—
Long-term debt due currently	13			—		22		—		—			35
Trade accounts payable	—			7		375		—		—			382
Trade accounts and other payables to affiliates	2			7		154		2		—			165
Commodity and other derivative contractual liabilities	—			—		316		—		—			316
Margin deposits related to commodity positions	—			—		26		—		—			26
Accumulated deferred income taxes	24			47		43		—		—			114
Accrued income taxes payable to parent	—			—		192		—		(176		)	16

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC AND SUBSIDIARIES A DEBTOR-IN-POSSESSION Condensed Consolidating Balance Sheets December 31, 2014 (millions of dollars)
	Parent Guarantor			Issuer			Other Guarantors			Non-guarantors		Eliminations			Consolidated
Accrued taxes other than income	$	—		$	—		$	107		$	—	$	—		$	107
Accrued interest	—			116			1			—		—			117
Other current liabilities	—			37			227			—		—			264
Total current liabilities	47			1,385			1,463			2		(1,355		)	1,542
Accumulated deferred income taxes	40			—			944			—		38			1,022
Commodity and other derivative contractual liabilities	—			—			1			—		—			1
Borrowings under debtor-in-possession credit facility	—			1,425			—			—		—			1,425
Long-term debt, less amounts due currently	34			—			51			—		—			85
Liabilities subject to compromise	144			42,239			32,581			—		(40,931		)	34,033
Other noncurrent liabilities and deferred credits	—			(3		)	1,702			—		—			1,699
Total liabilities	265			45,046			36,742			2		(42,248		)	39,807
Total membership interests	(28,379		)	(28,114		)	(19,371		)	25		57,365			(18,474		)
Total liabilities and membership interests	$	(28,114	)	$	16,932		$	17,371		$	27	$	15,117		$	21,333