Fair Value (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Fair Value, Assets and liabilities measured on a recurring basis [Table Text Block]

The following table presents assets measured and recorded at fair value on a recurring basis as of June 30, 2014 and December 31, 2013:



	June 30, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Net Balance		Level 1		Level 2		Level 3		Net Balance
	(In millions)
Assets:
Cash equivalents (a)	$	5	$	96	$	—	$	101	$	2	$	114	$	—	$	116
Nuclear decommissioning trusts	798		439		—		1,237		779		412		—		1,191
Other investments (b)	92		50		—		142		91		44		—		135
Derivative assets — FTRs	—		—		7		7		—		—		3		3
Total	$	895	$	585	$	7	$	1,487	$	872	$	570	$	3	$	1,445

Assets:
Current	$	5	$	96	$	7	$	108	$	2	$	114	$	3	$	119
Noncurrent	890		489		—		1,379		870		456		—		1,326
Total Assets	$	895	$	585	$	7	$	1,487	$	872	$	570	$	3	$	1,445

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(a)

At June 30, 2014, available-for-sale securities of $101 million, included $88 million and $13 million of cash equivalents included in Restricted cash and Other investments, respectively, on the Consolidated Statements of Financial Position. At December 31, 2013, available-for-sale securities of $116 million, included $100 million and $16 million of cash equivalents included in Restricted cash and Other investments, respectively, on the Consolidated Statements of Financial Position.


(b)	Available-for-sale equity securities at both June 30, 2014 and December 31, 2013 of $7 million are included in Other investments on the Consolidated Statements of Financial Position.

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

The following table presents the fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis for the three and six months ended June 30, 2014 and 2013:



	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In millions)
Net Assets as of beginning of the period	$	1		$	1		$	3		$	1
Change in fair value recorded in regulatory assets/liabilities	7			3			11			4
Purchases, issuances and settlements:
Settlements	(1		)	(2		)	(7		)	(3		)
Net Assets as of June 30	$	7		$	2		$	7		$	2
The amount of total gains (losses) included in regulatory assets and liabilities attributed to the change in unrealized gains (losses) related to assets and liabilities held at June 30, 2014 and 2013	$	7		$	2		$	7		$	2

Fair Value of Financial Instruments [Table Text Block]

The following table presents the carrying amount and fair value of financial instruments as of June 30, 2014 and December 31, 2013:



	June 30, 2014								December 31, 2013
	Carrying		Fair Value						Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Amount		Level 1		Level 2		Level 3
	(In millions)
Notes receivable, excluding capital leases	$	13	$	—	$	—	$	13	$	10	$	—	$	—	$	10
Notes receivable — affiliates	$	—	$	—	$	—	$	—	$	200	$	—	$	—	$	200
Short-term borrowings — affiliates	$	155	$	—	$	—	$	155	$	58	$	—	$	—	$	58
Short-term borrowings — other	$	275	$	—	$	275	$	—	—		$	—	$	—	$	—
Long-term debt, excluding capital leases	$	5,116	$	—	$	5,233	$	352	$	5,146	$	—	$	5,253	$	136

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

The following table summarizes the fair value of the nuclear decommissioning trust fund assets:



	June 30,		December 31,
	2014		2013
	(In millions)
Fermi 2	$	1,214	$	1,172
Fermi 1	3		3
Low-level radioactive waste	20		16
Total	$	1,237	$	1,191

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

The following table sets forth the gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds:



	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In millions)
Realized gains	$	7		$	11		$	16		$	19
Realized losses	$	(4	)	$	(7	)	$	(11	)	$	(14	)
Proceeds from sales of securities	$	204		$	173		$	475		$	309

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

The following table sets forth the fair value and unrealized gains for the nuclear decommissioning trust funds:



	June 30, 2014				December 31, 2013
	Fair Value		Unrealized Gains		Fair Value		Unrealized Gains
	(In millions)
Equity securities	$	762	$	220	$	730	$	201
Debt securities	462		19		442		12
Cash and cash equivalents	13		—		19		—
	$	1,237	$	239	$	1,191	$	213

- 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.

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