Investment In Oncor Holdings (Tables)

9 Months Ended

Sep. 30, 2012

Investment In Oncor Holdings [Abstract]

Schedule of condensed statements of consolidated income of Oncor Holdings and its subsidiaries

Condensed statements of consolidated income of Oncor Holdings and its subsidiaries in the three and nine months ended September 30, 2012 and 2011 are presented below:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Operating revenues	$	925		$	897		$	2,536		$	2,359
Operation and maintenance expenses	(292		)	(281		)	(873		)	(799		)
Depreciation and amortization	(201		)	(190		)	(577		)	(540		)
Taxes other than income taxes	(113		)	(107		)	(313		)	(297		)
Other income	6			8			20			23
Other deductions	(1		)	(2		)	(4		)	(7		)
Interest income	3			7			24			25
Interest expense and related charges	(96		)	(89		)	(279		)	(265		)
Income before income taxes	231			243			534			499
Income tax expense	(95		)	(101		)	(221		)	(204		)
Net income	136			142			313			295
Net income attributable to noncontrolling interests	(27		)	(29		)	(64		)	(60		)
Net income attributable to Oncor Holdings	$	109		$	113		$	249		$	235

Schedule of assets and liabilities of Oncor Holdings

Assets and liabilities of Oncor Holdings at September 30, 2012 and December 31, 2011 are presented below:

	September 30, 2012		December 31, 2011
ASSETS
Current assets:
Cash and cash equivalents	$	9	$	12
Restricted cash	64		57
Trade accounts receivable — net	375		303
Trade accounts and other receivables from affiliates	154		179
Inventories	72		71
Accumulated deferred income taxes	39		73
Prepayments and other current assets	74		74
Total current assets	787		769
Restricted cash	16		16
Receivable from TCEH related to nuclear plant decommissioning	286		225
Other investments	78		73
Property, plant and equipment — net	11,191		10,569
Goodwill	4,064		4,064
Note receivable due from TCEH	—		138
Regulatory assets — net	1,542		1,505
Other noncurrent assets	77		73
Total assets	$	18,041	$	17,432
LIABILITIES
Current liabilities:
Short-term borrowings	$	784	$	392
Long-term debt due currently	123		494
Trade accounts payable — nonaffiliates	111		197
Income taxes payable to EFH Corp.	17		2
Accrued taxes other than income	130		151
Accrued interest	91		108
Other current liabilities	110		112
Total current liabilities	1,366		1,456
Accumulated deferred income taxes	1,750		1,688
Investment tax credits	25		28
Long-term debt, less amounts due currently	5,440		5,144
Other noncurrent liabilities and deferred credits	1,944		1,832
Total liabilities	$	10,525	$	10,148