Other income generally includes gains on asset sales and extinguishments of liabilities, favorable judgments on contingencies, and other income from miscellaneous transactions. The components of other income are summarized as follows:

	Years Ended December 31,
	2012		2011		2010

	(in millions)
Insurance proceeds	$	40	$	11	$	1
Gain on sale of assets		21		47		12
Tax credit settlement		-		31		-
Gain on extinguishment of tax and other liabilities		-		14		62
Other		44		46		25
Total other income	$	105	$	149	$	100

Other income of $105 million for the year ended December 31, 2012 included the receipt of insurance proceeds related to a claim in Panama for damage associated with the Esti tunnel, the release of a reserve recorded against inventory at Ballylumford and the receipt of dividends from a cost method investment at Gener. Other income also includes the sale of land adjacent to Deepwater and the associated water permits, water right sales at Gener and the gain on sale of assets at Eletropaulo.

Other income of $149 million for the year ended December 31, 2011 included a tax credit settlement from a favorable court decision in 2011 concerning reimbursement of excess non-income taxes paid from 1989 to 1992 at Eletropaulo and the reimbursement of income tax expense recognized related to an indemnity agreement between Los Mina and the Dominican Republic government. Other income also includes the gain on the sale of assets at Gener and Eletropaulo, the sale of Huntington Beach units 3 & 4 at Southland, the sale of land and minerals rights at IPL and insurance proceeds related to the claim in Panama that is described above.

Other income of $100 million for the year ended December 31, 2010 included the extinguishment of a swap liability owed by two of our Brazilian subsidiaries, resulting in the recognition of a $##D<othincbrazil> million gain. The net impact to the Company after taxes and non-controlling interest was $<othincbrazilnet> million. Other income also included a gain on sale of assets at Eletropaulo.

Other expense generally includes losses on asset sales, losses on extinguishment of debt, legal contingencies and losses from other miscellaneous transactions. The components of other expense are summarized as follows:

	Years Ended December 31,
	2012		2011		2010

	(in millions)
Loss on sale and disposal of assets	$	64	$	68	$	84
Loss on extinguishment of debt		8		62		37
Gener gas settlement		-		-		72
Wind Generation transaction costs		-		-		22
Other		21		23		17
Total other expense	$	93	$	153	$	232

Other expense of $93 million for the year ended December 31, 2012 was primarily due to losses on the disposal of assets mainly at Eletropaulo and losses related to the early retirement of debt at the Parent Company and at Eletropaulo. Additionally, other expense included a tax penalty at Chivor and a reduction in the 2011 receivable expected from the indemnity agreement described above in other income at Los Mina.

Other expense of $153 million for the year ended December 31, 2011 included $68 million related to the loss on disposal of assets mainly at Eletropaulo and TermoAndes, $36 million related to the premium paid on early retirement of debt at Gener and $15 million related to the early retirement of senior notes due in 2011 at IPL.

Other expense of $232 million for the year ended December 31, 2010 included losses on disposal of assets totaling $84 million, mainly at Eletropaulo, Panama, and Gener, an $0 million loss on debt extinguishment at Andres and Itabo, and a $15 million loss at the Parent Company from the retirement of senior notes. Additionally, other expense included $72 million for a settlement agreement of gas transportation contracts at Gener as well as previously capitalized transaction costs of $22 million that were incurred in connection with the preparation for the sale of a non-controlling interest in our Wind generation business, which were written off upon the expiration of the letter of intent on June 30, 2010.