v3.3.1.900
Segment and Significant Customer Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment and Significant Customer Information [Abstract]  
Schedule of Financial Data for Segments
The tables below show our financial data for our segments for the periods indicated (in millions).
 
Year Ended December 31, 2015
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
2,089

 
$
2,344

 
$
2,039

 
$

 
$
6,472

Intersegment revenues
5

 
15

 
8

 
(28
)
 

Total operating revenues
$
2,094

 
$
2,359

 
$
2,047

 
$
(28
)
 
$
6,472

Commodity Margin
$
1,106

 
$
736

 
$
944

 
$

 
$
2,786

Add: Mark-to-market commodity activity, net and other(1)
160

 
(120
)
 
(92
)
 
(29
)
 
(81
)
Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
416

 
338

 
292

 
(28
)
 
1,018

Depreciation and amortization expense
250

 
204

 
184

 

 
638

Sales, general and other administrative expense
35

 
63

 
40

 

 
138

Other operating expenses
37

 
9

 
36

 
(2
)
 
80

(Income) from unconsolidated investments in power plants

 

 
(24
)
 

 
(24
)
Income from operations
528

 
2

 
324

 
1

 
855

Interest expense, net of interest income
 
 
 
 
 
 
 
 
624

Debt modification and extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
58

Income before income taxes
 
 
 
 
 
 
 
 
$
173


 
Year Ended December 31, 2014
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
2,352

 
$
3,229

 
$
2,449

 
$

 
$
8,030

Intersegment revenues
6

 
23

 
47

 
(76
)
 

Total operating revenues
$
2,358

 
$
3,252

 
$
2,496

 
$
(76
)
 
$
8,030

Commodity Margin(2)
$
1,050

 
$
760

 
$
949

 
$

 
$
2,759

Add: Mark-to-market commodity activity, net and other(1)
220

 
142

 
48

 
(31
)
 
379

Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
385

 
313

 
302

 
(31
)
 
969

Depreciation and amortization expense
245

 
191

 
168

 
(1
)
 
603

Sales, general and other administrative expense
41

 
64

 
39

 

 
144

Other operating expenses
50

 
5

 
32

 
1

 
88

Impairment losses

 

 
123

 

 
123

(Gain) on sale of assets, net

 

 
(753
)
 

 
(753
)
(Income) from unconsolidated investments in power plants

 

 
(25
)
 

 
(25
)
Income from operations
549

 
329

 
1,111

 

 
1,989

Interest expense, net of interest income
 
 
 
 
 
 
 
 
639

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
367

Income before income taxes
 
 
 
 
 
 
 
 
$
983


 
Year Ended December 31, 2013
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
1,937

 
$
2,347

 
$
2,017

 
$

 
$
6,301

Intersegment revenues
5

 
(4
)
 
117

 
(118
)
 

Total operating revenues
$
1,942

 
$
2,343

 
$
2,134

 
$
(118
)
 
$
6,301

Commodity Margin(2)
$
1,020

 
$
632

 
$
916

 
$

 
$
2,568

Add: Mark-to-market commodity activity, net and other(1)
(50
)
 
51

 
27

 
(31
)
 
(3
)
Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
365

 
269

 
292

 
(31
)
 
895

Depreciation and amortization expense
227

 
165

 
203

 
(2
)
 
593

Sales, general and other administrative expense
37

 
56

 
42

 
1

 
136

Other operating expenses
45

 
3

 
33

 

 
81

Impairment losses
16

 

 

 

 
16

(Income) from unconsolidated investments in power plants

 

 
(30
)
 

 
(30
)
Income from operations
280

 
190

 
403

 
1

 
874

Interest expense, net of interest income
 
 
 
 
 
 
 
 
690

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
164

Income before income taxes
 
 
 
 
 
 
 
 
$
20

__________
(1)
Includes $(2) million, $(5) million and $6 million of lease levelization and $20 million, $14 million and $14 million of amortization expense for the years ended December 31, 2015, 2014 and 2013, respectively.
(2)
Our East segment includes Commodity Margin of $81 million and $152 million for the years ended December 31, 2014 and 2013, respectively, related to the six power plants in our East segment that were sold in July 2014.