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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income (loss)$ (176)$ 55
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization expense431[1]464[1]
Debt extinguishment cost8227
Deferred income taxes(56)40
Impairment losses 19
Loss on disposal of assets1811
Unrealized mark-to-market activity, net42(97)
Income from unconsolidated investments in power plants(12)(14)
Return on unconsolidated investments in power plants611
Stock-based compensation expense1818
Other51
Change in operating assets and liabilities:  
Accounts receivable(87)34
Derivative instruments(6)(42)
Other assets27241
Accounts payable and accrued expenses95(1)
Liabilities related to non-hedging interest rate swaps14727
Other liabilities216
Net cash provided by operating activities536810
Cash flows from investing activities:  
Purchases of property, plant and equipment(511)(191)
Purchase of Conectiv Assets (1,634)
Cash acquired due to consolidation of OMEC 8
Purchases of deferred transmission credits(16) 
Decrease in restricted cash9228
Settlement of non-hedging interest rate swaps(147)(27)
Investing activities, other54
Net cash provided by (used in) investing activities(660)(1,612)
Cash flows from financing activities:  
Repayments of project financing, notes payable and other(476)(472)
Borrowings from project financing, notes payable and other2231,272
Repayment on NDH Project Debt(1,283) 
Borrowings under Term Loan1,657 
Issuance of First Lien Notes1,2001,491
Repayments on First Lien Credit Facility(1,191)(1,507)
Capital contributions from noncontrolling interest holder34 
Financing costs(78)(67)
Refund of financing costs 10
Other(4) 
Net cash used in financing activities82727
Net increase (decrease) in cash and cash equivalents(42)(75)
Cash and cash equivalents, beginning of period1,327989
Cash and cash equivalents, end of period1,285914
Cash paid during the period for:  
Interest, net of amounts capitalized509488
Income taxes1511
Supplemental disclosure of non-cash investing and financing activities:  
Change in capital expenditures included in accounts payable(13)(5)
Purchase of Conectiv assets included in accounts payable $ 6
[1]

Includes depreciation and amortization that is also recorded in fuel and purchased energy expense, interest expense and discontinued operations on our Consolidated Condensed Statements of Operations.