10-Q Filing

EME HOMER CITY GENERATION LP CIK: 1099534 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001099534-12-000005`
Period End Date	20120331
Filing Date	20120502
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	hcg-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 22 Cash Flow Statement 38 Stockholders Equity 6 Comprehensive Income 14

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.00M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$1.00M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$105.00M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$62.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	-	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$1.00M	USD	Point-in-time
Emission allowances	`IntangibleAssetsCurrent`	$19.00M	USD	Point-in-time
Emission allowances	`IntangibleAssetsCurrent`	$19.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$168.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.00M	USD	Point-in-time
Property, Plant and Equipment, less accumulated depreciation of $13 and none at respective dates	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Property, Plant and Equipment, less accumulated depreciation of $13 and none at respective dates	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Restricted deposits	`RestrictedCashAndCashEquivalentsNoncurrent`	$27.00M	USD	Point-in-time
Restricted deposits	`RestrictedCashAndCashEquivalentsNoncurrent`	$27.00M	USD	Point-in-time
Long-term emission allowances	`IntangibleAssetsNoncurrent`	$9.00M	USD	Point-in-time
Long-term emission allowances	`IntangibleAssetsNoncurrent`	$16.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total Assets	`Assets`	$1.29B	USD	Point-in-time
Total Assets	`Assets`	$1.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$42.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$17.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$39.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$20.00M	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliates`	-	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliates`	$49.00M	USD	Point-in-time
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$84.00M	USD	Point-in-time
Current portion of lease financing	`CapitalLeaseObligationsCurrent`	$84.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$160.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$490.00M	USD	Point-in-time
Long-term debt to affiliate	`DueToRelatedPartiesNoncurrent`	$490.00M	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliateNoncurrent`	-	USD	Point-in-time
Interest payable to affiliate	`InterestDueToAffiliateNoncurrent`	$59.00M	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$922.00M	USD	Point-in-time
Lease financing, net of current portion	`CapitalLeaseObligationsNoncurrent`	$922.00M	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.00M	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$60.00M	USD	Point-in-time
Long-term derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Long-term derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.70B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.70B	USD	Point-in-time
Commitments and Contingencies (Note 6 and 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6 and 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Partners' Deficit	`PartnersCapital`	$-354.00M	USD	Point-in-time
Partners' Deficit	`PartnersCapital`	$-403.00M	USD	Point-in-time
Total Liabilities and Partners' Deficit	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time
Total Liabilities and Partners' Deficit	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues from Marketing Affiliate	`ElectricalGenerationRevenue`	$115.00M	USD	1 Quarter
Operating Revenues from Marketing Affiliate	`ElectricalGenerationRevenue`	$98.00M	USD	1 Quarter
Fuel	`FuelCosts`	$52.00M	USD	1 Quarter
Fuel	`FuelCosts`	$84.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$47.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$19.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	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`	$117.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-19.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$30.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-49.00M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-14.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$13.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$17.00M	USD	1 Quarter
Decrease in due to affiliates	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$32.00M	USD	1 Quarter
Decrease in due to affiliates	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$24.00M	USD	1 Quarter
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-43.00M	USD	1 Quarter
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$6.00M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00M	USD	1 Quarter
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$-12.00M	USD	1 Quarter
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities`	$21.00M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$31.00M	USD	1 Quarter
Increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$29.00M	USD	1 Quarter
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.00M	USD	1 Quarter
Increase in derivative assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	-	USD	1 Quarter
Increase in derivative assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$3.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.00M	USD	1 Quarter
Borrowings on long-term debt to affiliate	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Borrowings on long-term debt to affiliate	`ProceedsFromRelatedPartyDebt`	$10.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.00M	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`	$84.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$132.00M	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$-354.00M	USD	Point-in-time
Balance	`PartnersCapital`	$-403.00M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-20.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Balance	`PartnersCapital`	$-354.00M	USD	Point-in-time
Balance	`PartnersCapital`	$-403.00M	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`	-	USD	1 Quarter
Unrealized holding gains arising during period, income tax expense	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$1.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Reclassification adjustments included in net loss, income tax benefit	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, income tax benefit	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax`	$2.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $0 and $1 for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.00M	USD	1 Quarter
Unrealized holding gains arising during period, net of income tax expense of $0 and $1 for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, net of income tax benefit of $0 and $2 for for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, net of income tax benefit of $0 and $2 for for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$3.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-19.00M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-49.00M	USD	1 Quarter

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