Membership Interests (Tables)

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Available-for-sale Securities

The principal amounts, coupon rates, maturities and carrying value of debt of affiliates held at both September 30, 2014 and December 31, 2013 are as follows:

	Principal Amount		Carrying Value
EFH Corp. 5.55% Fixed Senior Notes Series P due November 15, 2014	$	281	$	185
EFH Corp. 6.50% Fixed Senior Notes Series Q due November 15, 2024	545		249
EFH Corp. 6.55% Fixed Senior Notes Series R due November 15, 2034	456		194
TCEH 10.25% Fixed Senior Notes due November 1, 2015 (both periods include $48 million principal amount of Series B Notes)	79		7
Balance reported as reduction in membership interests	$	1,361	$	635

Schedule of Minority interests

The following table presents the changes (all after tax) to membership interests for the nine months ended September 30, 2014:

	Capital Accounts			Affiliate Debt Held by EFIH			Accumulated Other Comprehensive Income (Loss)			Total Membership Interests
Balance at December 31, 2013	$	(1,148	)	$	(635	)	$	(39	)	$	(1,822	)
Net income	(357		)	—			—			(357		)
Effect of debt push-down from EFH Corp.	16			—			—			16
Balance at September 30, 2014	$	(1,489	)	$	(635	)	$	(39	)	$	(2,163	)

The following table presents the changes to membership interests for the nine months ended September 30, 2013:

	Capital Accounts			Affiliate Debt Held by EFIH			Accumulated Other Comprehensive Income (Loss)			Total Membership Interests
Balance at December 31, 2012	$	5,049		$	(5,388	)	$	160		$	(179	)
Net income	68			—			—			68
Cash distributions to EFH Corp.	(680		)	—			—			(680		)
Push-down of deferred net loss on debt exchanges, net of tax	13			—			—			13
Effect of debt push-down from EFH Corp. (a)	437			—			—			437
Distribution to EFH Corp. of debt held as investment	(5,778		)	—			—			(5,778		)
EFH Corp. debt distributed to EFH Corp. ($5.125 billion principal amount)	—			4,524			—			4,524
Net effects related to Oncor	—			—			1			1
Net affiliate debt received in debt exchanges ($31 million principal amount)	—			(23		)	—			(23		)
Interest received on holdings of affiliate debt	—			208			—			208
Income tax on interest received on holdings of affiliate debt	(73		)	—			—			(73		)
Recognition in interest income of mark-to-market valuations of investments in affiliate debt upon distribution to EFH Corp.	—			—			(185		)	(185		)
Other	—			(1		)	—			(1		)
Balance at September 30, 2013	$	(964	)	$	(680	)	$	(24	)	$	(1,668	)

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(a) Represents the effect of a reduction of $420 million of debt pushed down from EFH Corp and related interest and income tax effects.

Schedule of Accumulated Other Comprehensive Income (Loss)

wing table presents the changes to accumulated other comprehensive income (loss) for the nine months ended September 30, 2013. There was no other comprehensive income (loss) before reclassification for the period.

	Dedesignated Cash Flow Hedges - Oncor			Changes in Fair Values of Investment in Debt Securities of Affiliates			Pension and Other Postretirement Employee Benefit Liabilities Adjustments - Oncor			Total Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2012	$	(23	)	$	185		$	(2	)	$	160
Amounts reclassified from accumulated other comprehensive income (loss) and reported in:
Interest income	—			(284		)	—			(284		)
Equity in earnings (losses) of unconsolidated subsidiaries	2			—			(1		)	1
Income tax benefit	—			99			—			99
Total amount reclassified from accumulated other comprehensive income (loss) during the period	2			(185		)	(1		)	(184		)
Balance at September 30, 2013	$	(21	)	$	—		$	(3	)	$	(24	)