v2.4.0.8
Segment and Significant Customer Information
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment and Significant Customer Information
Segment Information
We assess our business on a regional basis due to the impact on our financial performance of the differing characteristics of these regions, particularly with respect to competition, regulation and other factors impacting supply and demand. At March 31, 2014, our reportable segments were West (including geothermal), Texas, North (including Canada) and Southeast. We continue to evaluate the optimal manner in which we assess our performance including our segments and future changes may result.
Commodity Margin is a key operational measure reviewed by our chief operating decision maker to assess the performance of our segments. During the fourth quarter of 2013, we changed the methodology previously used during 2013 for allocating corporate expenses to our segments. This change had no impact on our Consolidated Condensed Statements of Operations for the three months ended March 31, 2013; however, segment amounts previously reported for the three months ended March 31, 2013 were adjusted by immaterial amounts. Our segment data for the three months ended March 31, 2013 has been recast to reflect this change. The tables below show our financial data for our segments for the periods indicated (in millions).
 
Three Months Ended March 31, 2014
 
West
 
Texas
 
North
 
Southeast
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
491

 
$
647

 
$
639

 
$
188

 
$

 
$
1,965

Intersegment revenues
2

 
12

 
15

 
81

 
(110
)
 

Total operating revenues
$
493

 
$
659

 
$
654

 
$
269

 
$
(110
)
 
$
1,965

Commodity Margin
$
202

 
$
121

 
$
267

 
$
55

 
$

 
$
645

Add: Unrealized mark-to-market commodity activity, net and other(1)
29

 
(46
)
 
(17
)
 
6

 
(9
)
 
(37
)
Less:
 
 
 
 
 
 
 
 
 
 
 
Plant operating expense
105

 
90

 
52

 
27

 
(9
)
 
265

Depreciation and amortization expense
60

 
42

 
33

 
18

 

 
153

Sales, general and other administrative expense
10

 
12

 
6

 
6

 
(1
)
 
33

Other operating expenses
12

 
2

 
6

 
1

 
1

 
22

(Income) from unconsolidated investments in power plants

 

 
(9
)
 

 

 
(9
)
Income (loss) from operations
44

 
(71
)
 
162

 
9

 

 
144

Interest expense, net of interest income
 
 
 
 
 
 
 
 
 
 
165

Other (income) expense, net
 
 
 
 
 
 
 
 
 
 
11

Loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(32
)
 
Three Months Ended March 31, 2013
 
West
 
Texas
 
North
 
Southeast
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
383

 
$
407

 
$
306

 
$
145

 
$

 
$
1,241

Intersegment revenues
1

 
7

 
7

 
33

 
(48
)
 

Total operating revenues
$
384

 
$
414

 
$
313

 
$
178

 
$
(48
)
 
$
1,241

Commodity Margin
$
202

 
$
76

 
$
142

 
$
41

 
$

 
$
461

Add: Unrealized mark-to-market commodity activity, net and other(1)
(37
)
 
(11
)
 
7

 
7

 
(7
)
 
(41
)
Less:
 
 
 
 
 
 
 
 
 
 
 
Plant operating expense
95

 
65

 
43

 
31

 
(7
)
 
227

Depreciation and amortization expense
53

 
42

 
33

 
19

 
(1
)
 
146

Sales, general and other administrative expense
7

 
14

 
6

 
6

 

 
33

Other operating expenses
9

 
1

 
7

 
1

 

 
18

(Income) from unconsolidated investments in power plants

 

 
(8
)
 

 

 
(8
)
Income (loss) from operations
1


(57
)

68


(9
)

1

 
4

Interest expense, net of interest income
 
 
 
 
 
 
 
 
 
 
174

Other (income) expense, net
 
 
 
 
 
 
 
 
 
 
5

Loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(175
)
_________
(1)
Includes $(29) million and $(16) million of lease levelization and $4 million and $4 million of amortization expense for the three months ended March 31, 2014 and 2013, respectively.