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Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Assets and liabilities measured and recorded at fair value on a recurring basis

e following table presents assets and liabilities measured and recorded at fair value on a recurring basis as of June 30, 2012 and December 31, 2011 (in millions):



	June 30, 2012								December 31, 2011
	Level 1		Level 2		Level 3		Net Balance		Level 1		Level 2		Level 3		Net Balance
Assets:
Cash equivalents	$	—	$	108	$	—	$	108	$	—	$	129	$	—	$	129
Nuclear decommissioning trusts	624		361		—		985		577		360		—		937
Other investments	58		41		—		99		55		38		—		93
Derivative assets — FTRs	—		—		2		2		—		—		1		1
Net Assets	$	682	$	510	$	2	$	1,194	$	632	$	527	$	1	$	1,160

Assets:
Current	$	—	$	108	$	2	$	110	$	—	$	129	$	1	$	130
Noncurrent	682		402		—		1,084		632		398		—		1,030
Total Assets	$	682	$	510	$	2	$	1,194	$	632	$	527	$	1	$	1,160

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Fair Value of Financial Instruments [Table Text Block]

e following table presents fair value of financial instruments as of June 30 , 2012 and December 31, 2012 (in millions):



	June 30, 2012								December 31, 2011
	Carrying		Fair Value						Carrying		Fair
	Amount		Level 1		Level 2		Level 3		Amount		Value
Notes receivable, excluding capital leases	$	6	$	—	$	—	$	6	$	6	$	6
Notes receivable — affiliates	192		—		—		192		26		26
Short-term borrowings — affiliates	81		—		—		81		64		64
Long-term debt	5,453		—		6,128		43		5,051		5,740

Fair Value of Nuclear Decommissioning Trust Fund Assets [Table Text Block]

e following table summarizes the fair value of the nuclear decommissioning trust fund assets (in millions):



	June 30, 2012		December 31, 2011
Fermi 2	$	960	$	915
Fermi 1	3		3
Low level radioactive waste	22		19
Total	$	985	$	937

Schedule of Realized Gain (Loss) [Table Text Block]

e costs of securities sold are determined on the basis of specific identification. The following table sets forth the gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds (in millions):



	Three Months Ended						Six Months Ended
	June 30						June 30
	2012			2011			2012			2011
Realized gains	$	8		$	12		$	14		$	26
Realized losses	(7		)	(9		)	(11		)	(17		)
Proceeds from sales of securities	25			39			36			59

Fair Value and Unrealized Gains for Nuclear Decommissioning Trust Fund [Table Text Block]

he following table sets forth the fair value and unrealized gains for the nuclear decommissioning trust funds (in millions):



	June 30, 2012				December 31, 2011
	Fair Value		Unrealized Gains		Fair Value		Unrealized Gains
Equity securities	$	581	$	102	$	533	$	80
Debt securities	397		26		385		22
Cash and cash equivalents	7		—		19		—
	$	985	$	128	$	937	$	102

Available-for-sale debt and equity securities

he following table summarizes the fair value of the Company's investment in available-for-sale debt and equity securities, excluding nuclear decommissioning trust fund assets (in millions):



	Fair Value
	June 30, 2012		December 31, 2011
Cash equivalents (a)	$	108	$	129
Equity securities (b)	5		4

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

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-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-1

-Paragraph 21

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 17

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 19, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details