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v3.5.0.2

Condensed Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Operating Revenues | $ 1,905 | $ 2,314 | $ 4,521 | $ 5,449
Operating Expenses [Abstract] |  |  |  |
Energy Costs | 624 | 668 | 1,460 | 1,762
Operation and Maintenance | 710 | 761 | 1,439 | 1,424
Depreciation and Amortization | 224 | 317 | 448 | 647
Total Operating Expenses | 1,558 | 1,746 | 3,347 | 3,833
OPERATING INCOME | 347 | 568 | 1,174 | 1,616
Income from Equity Method Investments | 4 | 4 | 6 | 7
Other Income | 44 | 76 | 92 | 124
Other Deductions | (10) | (10) | (31) | (22)
Other-Than-Temporary Impairments | (10) | (10) | (20) | (15)
Interest Expense | (97) | (97) | (189) | (195)
INCOME BEFORE INCOME TAXES | 278 | 531 | 1,032 | 1,515
Income Tax Expense | (91) | (186) | (374) | (584)
Net Income | $ 187 | $ 345 | $ 658 | $ 931
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: |  |  |  |
BASIC (in shares) | 505 | 506 | 505 | 506
DILUTED (in shares) | 508 | 508 | 508 | 508
EARNINGS PER SHARE: |  |  |  |
BASIC (in dollars per share) | $ 0.37 | $ 0.68 | $ 1.30 | $ 1.84
DILUTED (in dollars per share) | 0.37 | 0.68 | 1.30 | 1.83
DIVIDENDS PAID PER SHARE OF COMMON STOCK (in dollars per share) | $ 0.41 | $ 0.39 | $ 0.82 | $ 0.78
PSE And G [Member] |  |  |  |
Operating Revenues | $ 1,350 | $ 1,466 | $ 3,062 | $ 3,468
Operating Expenses [Abstract] |  |  |  |
Energy Costs | 529 | 544 | 1,258 | 1,436
Operation and Maintenance | 352 | 368 | 734 | 780
Depreciation and Amortization | 136 | 234 | 275 | 481
Total Operating Expenses | 1,017 | 1,146 | 2,267 | 2,697
OPERATING INCOME | 333 | 320 | 795 | 771
Other Income | 19 | 19 | 39 | 37
Other Deductions | (1) | (1) | (2) | (2)
Interest Expense | (74) | (67) | (142) | (136)
INCOME BEFORE INCOME TAXES | 277 | 271 | 690 | 670
Income Tax Expense | (98) | (104) | (249) | (261)
Net Income | 179 | 167 | 441 | 409
Power [Member] |  |  |  |
Operating Revenues | 714 | 1,025 | 2,027 | 2,750
Operating Expenses [Abstract] |  |  |  |
Energy Costs | 381 | 409 | 1,019 | 1,302
Operation and Maintenance | 265 | 313 | 518 | 485
Depreciation and Amortization | 80 | 75 | 159 | 151
Total Operating Expenses | 726 | 797 | 1,696 | 1,938
OPERATING INCOME | (12) | 228 | 331 | 812
Income from Equity Method Investments | 4 | 5 | 6 | 8
Other Income | 25 | 55 | 51 | 84
Other Deductions | (9) | (7) | (27) | (18)
Other-Than-Temporary Impairments | (10) | (10) | (20) | (15)
Interest Expense | (20) | (33) | (42) | (64)
INCOME BEFORE INCOME TAXES | (22) | 238 | 299 | 807
Income Tax Expense | 11 | (72) | (118) | (306)
Net Income | $ (11) | $ 166 | $ 181 | $ 501

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