10-Q Filing

EME HOMER CITY GENERATION LP CIK: 1099534 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001047469-11-004337`
Period End Date	20110331
Filing Date	20110502
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	hcg-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 24 Cash Flow Statement 39 Stockholders Equity 8 Comprehensive Income 14

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$609.00M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$626.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$204.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.00M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$9.00M	USD	Point-in-time
Fuel inventory	`EnergyRelatedInventory`	$76.00M	USD	Point-in-time
Fuel inventory	`EnergyRelatedInventory`	$83.00M	USD	Point-in-time
Spare parts inventory	`OtherInventorySupplies`	$33.00M	USD	Point-in-time
Spare parts inventory	`OtherInventorySupplies`	$32.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$2.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$5.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$11.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$8.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$29.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$23.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherCurrentAssets`	$11.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherCurrentAssets`	$10.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$290.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$321.00M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $626 and $609 at respective dates	`PropertyPlantAndEquipmentNet`	$1.62B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $626 and $609 at respective dates	`PropertyPlantAndEquipmentNet`	$1.63B	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$114.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$117.00M	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`	$15.00M	USD	Point-in-time
Long-term intangible assets	`IntangibleAssetsNoncurrent`	$21.00M	USD	Point-in-time
Total Assets	`Assets`	$2.08B	USD	Point-in-time
Total Assets	`Assets`	$2.10B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$50.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$27.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$21.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$42.00M	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
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$79.00M	USD	Point-in-time
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$79.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$189.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$218.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$479.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$489.00M	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$1.01B	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$1.01B	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$53.00M	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$54.00M	USD	Point-in-time
Long-term derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Long-term derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.73B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.77B	USD	Point-in-time
Partners' Equity	`PartnersCapital`	$346.00M	USD	Point-in-time
Partners' Equity	`PartnersCapital`	$327.00M	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$2.10B	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time

Income Statement 24 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`	$115.00M	USD	1 Quarter
Fuel	`FuelCosts`	$70.00M	USD	1 Quarter
Fuel	`FuelCosts`	$52.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$47.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$38.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$118.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$125.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-3.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$50.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-31.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-32.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-14.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$11.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-20.00M	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$11.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-20.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$17.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$17.00M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.00M	USD	1 Quarter
Increase in due to/from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-32.00M	USD	1 Quarter
Increase in due to/from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-4.00M	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	$6.00M	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	$8.00M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00M	USD	1 Quarter
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$21.00M	USD	1 Quarter
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$20.00M	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
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.00M	USD	1 Quarter
(Increase) decrease in derivative assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$3.00M	USD	1 Quarter
(Increase) decrease in derivative assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$-2.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.00M	USD	1 Quarter
Borrowings on long-term obligation to affiliate	`ProceedsFromRelatedPartyDebt`	$10.00M	USD	1 Quarter
Borrowings on long-term obligation to affiliate	`ProceedsFromRelatedPartyDebt`	$21.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.00M	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`	$15.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$204.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.00M	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`	$132.00M	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`	$147.00M	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
Balance	`PartnersCapital`	$346.00M	USD	Point-in-time
Balance	`PartnersCapital`	$327.00M	USD	Point-in-time
Net loss	`ProfitLoss`	$11.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$13.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$1.00M	USD	1 Quarter
Balance	`PartnersCapital`	$346.00M	USD	Point-in-time
Balance	`PartnersCapital`	$327.00M	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`	$1.00M	USD	1 Quarter
Reclassification adjustments included in net income (loss), income tax benefit	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$8.00M	USD	1 Quarter
Reclassification adjustments included in net income (loss), income tax benefit	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$2.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$11.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-20.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $1 and $17 for the three months ended March 31, 2011 and 2010, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $1 and $17 for the three months ended March 31, 2011 and 2010, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$24.00M	USD	1 Quarter
Reclassification adjustments included in net income (loss), net of income tax benefit of $2 and $8 for the three months ended March 31, 2011 and 2010, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$11.00M	USD	1 Quarter
Reclassification adjustments included in net income (loss), net of income tax benefit of $2 and $8 for the three months ended March 31, 2011 and 2010, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$3.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$13.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$1.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-19.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$24.00M	USD	1 Quarter

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