10-Q Filing

EME HOMER CITY GENERATION LP CIK: 1099534 Q1 2010

Filing Information

Form Type	10-Q
Accession Number	`0001047469-10-004931`
Period End Date	20100331
Filing Date	20100507
Fiscal Year	2010
Fiscal Period	Q1
XBRL Instance	hcg-20100331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 25 Cash Flow Statement 39 Stockholders Equity 8 Comprehensive Income 14

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$204.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.00M	USD	Point-in-time
Fuel inventory	`EnergyRelatedInventory`	$58.00M	USD	Point-in-time
Fuel inventory	`EnergyRelatedInventory`	$66.00M	USD	Point-in-time
Spare parts inventory	`OtherInventorySupplies`	$31.00M	USD	Point-in-time
Spare parts inventory	`OtherInventorySupplies`	$31.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$81.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$97.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$27.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$41.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherCurrentAssets`	$9.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherCurrentAssets`	$10.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$434.00M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$2.23B	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$2.22B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$560.00M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$540.00M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$102.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$100.00M	USD	Point-in-time
Long-term derivative assets	`DerivativeAssetsNoncurrent`	$1.00M	USD	Point-in-time
Long-term derivative assets	`DerivativeAssetsNoncurrent`	$4.00M	USD	Point-in-time
Restricted deposits	`RestrictedCashAndCashEquivalentsNoncurrent`	$27.00M	USD	Point-in-time
Restricted deposits	`RestrictedCashAndCashEquivalentsNoncurrent`	$27.00M	USD	Point-in-time
Long-term intangible assets	`IntangibleAssetsNoncurrent`	$19.00M	USD	Point-in-time
Long-term intangible assets	`IntangibleAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total Assets	`Assets`	$2.16B	USD	Point-in-time
Total Assets	`Assets`	$2.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$56.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$60.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$25.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$47.00M	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliates`	$19.00M	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliates`	$9.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$31.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$34.00M	USD	Point-in-time
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$65.00M	USD	Point-in-time
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$65.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$267.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$217.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$480.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$459.00M	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$1.08B	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$1.08B	USD	Point-in-time
Benefit plans and other	`OtherLiabilitiesNoncurrent`	$43.00M	USD	Point-in-time
Benefit plans and other	`OtherLiabilitiesNoncurrent`	$47.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.88B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.80B	USD	Point-in-time
Partners' Equity	`PartnersCapital`	$381.00M	USD	Point-in-time
Partners' Equity	`PartnersCapital`	$357.00M	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$2.16B	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$2.26B	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues from Marketing Affiliate	`ElectricalGenerationRevenue`	$175.00M	USD	1 Quarter
Operating Revenues from Marketing Affiliate	`ElectricalGenerationRevenue`	$165.00M	USD	1 Quarter
Fuel	`FuelCosts`	$64.00M	USD	1 Quarter
Fuel	`FuelCosts`	$70.00M	USD	1 Quarter
Loss on sale of emission allowances	`GainLossOnDispositionOfIntangibleAssets`	$-1.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$38.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$34.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$125.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$116.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$49.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-31.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-32.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$11.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$11.00M	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.00M	USD	1 Quarter
Net income	`ProfitLoss`	$11.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$15.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$17.00M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.00M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.00M	USD	1 Quarter
Loss on sale of emission allowances	`GainLossOnDispositionOfIntangibleAssets`	$-1.00M	USD	1 Quarter
Increase in due to/from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-4.00M	USD	1 Quarter
Increase in due to/from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-5.00M	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	$10.00M	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	$8.00M	USD	1 Quarter
Decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00M	USD	1 Quarter
Decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	1 Quarter
Decrease in intangible assets	`IncreaseDecreaseInIntangibleAssets`	$-2.00M	USD	1 Quarter
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$20.00M	USD	1 Quarter
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$16.00M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$32.00M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$31.00M	USD	1 Quarter
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.00M	USD	1 Quarter
Decrease in derivative assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$-2.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.00M	USD	1 Quarter
Borrowings on long-term obligation to affiliate	`ProceedsFromRelatedPartyDebt`	$21.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.00M	USD	1 Quarter
Proceeds from sale of emission allowances	`ProceedsFromSaleOfIntangibleAssets`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$83.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$204.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$204.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.00M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$357.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$381.00M	USD	Point-in-time
Net income	`ProfitLoss`	$11.00M	USD	1 Quarter
Net income	`ProfitLoss`	$11.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$26.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$13.00M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$357.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$381.00M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Unrealized holding gains arising during period, income tax expense	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$17.00M	USD	1 Quarter
Unrealized holding gains arising during period, income tax expense	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$29.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$11.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$11.00M	USD	1 Quarter
Reclassificiation adjustments included in net income, income tax expense	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$-11.00M	USD	1 Quarter
Reclassificiation adjustments included in net income, income tax expense	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$-8.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $17 and $29 for the three months ended March 31, 2010 and 2009, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$24.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $17 and $29 for the three months ended March 31, 2010 and 2009, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$42.00M	USD	1 Quarter
Reclassification adjustments included in net income, net of income tax expense of $8 and $11 for the three months ended March 31, 2010 and 2009, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$11.00M	USD	1 Quarter
Reclassification adjustments included in net income, net of income tax expense of $8 and $11 for the three months ended March 31, 2010 and 2009, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$16.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$26.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$13.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$24.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$37.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.