Investment In Oncor Holdings (Tables)

9 Months Ended

Sep. 30, 2014

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 for the three and nine months ended September 30, 2014 and 2013 are presented below:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Operating revenues	$	1,054		$	966		$	2,883		$	2,640
Operation and maintenance expenses	(376		)	(315		)	(1,074		)	(919		)
Depreciation and amortization	(218		)	(207		)	(638		)	(608		)
Taxes other than income taxes	(115		)	(112		)	(330		)	(315		)
Other income	3			4			10			14
Other deductions	(4		)	(2		)	(11		)	(11		)
Interest income	1			—			3			2
Interest expense and related charges	(89		)	(94		)	(266		)	(283		)
Income before income taxes	256			240			577			520
Income tax expense	(101		)	(97		)	(230		)	(199		)
Net income	155			143			347			321
Net income attributable to noncontrolling interests	(32		)	(29		)	(71		)	(66		)
Net income attributable to Oncor Holdings	$	123		$	114		$	276		$	255

Schedule of assets and liabilities of Oncor Holdings

Assets and liabilities of Oncor Holdings at September 30, 2014 and December 31, 2013 are presented below:

	September 30, 2014		December 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	17	$	28
Restricted cash	67		52
Trade accounts receivable — net	469		385
Trade accounts and other receivables from affiliates	152		135
Income taxes receivable from EFH Corp.	—		16
Inventories	76		65
Accumulated deferred income taxes	11		32
Prepayments and other current assets	89		82
Total current assets	881		795
Restricted cash	16		16
Other investments	96		91
Property, plant and equipment — net	12,270		11,902
Goodwill	4,064		4,064
Regulatory assets — net	1,111		1,324
Other noncurrent assets	69		71
Total assets	$	18,507	$	18,263
LIABILITIES
Current liabilities:
Short-term borrowings	$	720	$	745
Long-term debt due currently	636		131
Trade accounts payable — nonaffiliates	133		178
Income taxes payable to EFH Corp.	56		23
Accrued taxes other than income	145		169
Accrued interest	65		95
Other current liabilities	150		135
Total current liabilities	1,905		1,476
Accumulated deferred income taxes	1,839		1,905
Long-term debt, less amounts due currently	5,041		5,381
Other noncurrent liabilities and deferred credits	1,837		1,822
Total liabilities	$	10,622	$	10,584