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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues:        
Commodity revenue $ 1,407 $ 1,766 $ 3,045 $ 3,814
Mark-to-market gain 31 169 34 83
Other revenue 4 4 9 7
Operating revenues 1,442 1,939 3,088 3,904
Operating expenses:        
Commodity expense 734 1,106 1,811 2,476
Mark-to-market (gain) loss 32 28 (35) 15
Fuel and purchased energy expense 766 1,134 1,776 2,491
Plant operating expense 272 274 532 539
Depreciation and amortization expense 160 147 318 300
Sales, general and other administrative expense 30 38 67 71
Other operating expenses 20 21 40 43
Total operating expenses 1,248 1,614 2,733 3,444
(Income) from unconsolidated investments in power plants (7) (4) (12) (13)
Income from operations 201 329 367 473
Interest expense 158 169 312 335
Interest (income) (1) (2) (2) (3)
Debt modification and extinguishment costs 13 0 32 1
Other (income) expense, net 5 6 7 16
Income before income taxes 26 156 18 124
Income tax expense (benefit) 5 15 4 (4)
Net income (loss) 21 141 14 128
Net income attributable to the noncontrolling interest (2) (2) (5) (6)
Net income attributable to Calpine $ 19 $ 139 $ 9 $ 122
Basic earnings per common share attributable to Calpine:        
Weighted Average Number of Shares Outstanding, Basic and Diluted 366,975 416,507 369,938 418,296
Earnings Per Share, Basic and Diluted $ 0.05 $ 0.33 $ 0.02 $ 0.29
Weighted Average Number of Shares Outstanding, Diluted 369,946 421,348 373,404 422,697
Earnings Per Share, Diluted $ 0.05 $ 0.33 $ 0.02 $ 0.29