Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 2-May-14 | |
Entity Information [Line Items] | ' | ' |
Entity Registrant Name | 'ILLINOIS POWER GENERATING COMPANY | ' |
Entity Central Index Key | '0001135361 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 2,000 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current Assets | ' | ' |
Cash and cash equivalents | $191 | $190 |
Accounts receivable, affiliates | 84 | 59 |
Accounts receivable | 33 | 18 |
Inventory | 76 | 78 |
Prepayments and other current assets | 12 | 18 |
Total Current Assets | 396 | 363 |
Property, Plant and Equipment | 2,916 | 2,900 |
Accumulated depreciation | -1,051 | -1,027 |
Property, Plant and Equipment, Net | 1,865 | 1,873 |
Other Assets | 28 | 28 |
Total Assets | 2,289 | 2,264 |
Current Liabilities | ' | ' |
Accounts and wages payable | 54 | 38 |
Accounts payable, affiliates | 27 | 0 |
Taxes accrued | 14 | 12 |
Accrued interest | 25 | 10 |
Current accumulated deferred income taxes, net | 19 | 19 |
Accrued liabilities and other current liabilities | 9 | 15 |
Total Current Liabilities | 148 | 94 |
Long-term debt | 824 | 824 |
Other Liabilities | ' | ' |
Accumulated deferred income taxes, net | 492 | 520 |
Asset retirement obligations | 44 | 43 |
Other long-term liabilities | 23 | 20 |
Total Liabilities | 1,531 | 1,501 |
Commitments and Contingencies (Note 9) | ' | ' |
Stockholder’s Equity | ' | ' |
Common stock, no par value, 10,000 shares authorized – 2,000 shares outstanding | 0 | 0 |
Other paid-in capital | 551 | 551 |
Retained earnings | 210 | 216 |
Accumulated other comprehensive loss, net of tax | -12 | -11 |
Total Illinois Power Generating Company Stockholder’s Equity | 749 | 756 |
Noncontrolling Interest | 9 | 7 |
Total Equity | 758 | 763 |
Total Liabilities and Equity | $2,289 | $2,264 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, no par value | $0 | $0 |
Common stock, shares authorized | 10,000 | 10,000 |
Common stock, shares outstanding | 2,000 | 2,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Statement [Abstract] | ' | ' |
Revenues | $180 | $194 |
Cost of sales, excluding depreciation expense | -114 | -131 |
Gross margin | 66 | 63 |
Operating and maintenance expense | -39 | -36 |
Impairment and other charges | 0 | -207 |
Depreciation and amortization | -24 | -24 |
Operating income (loss) | 3 | -204 |
Interest expense | -10 | -11 |
Loss before income taxes | -7 | -215 |
Income tax benefit | 3 | 86 |
Net loss | -4 | -129 |
Less: Net income attributable to noncontrolling interest | 2 | 0 |
Net loss attributable to Illinois Power Generating Company | ($6) | ($129) |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Statement of Comprehensive Income [Abstract] | ' | ' | ||
Net loss | ($4) | ($129) | ||
Other comprehensive income before reclassifications: | ' | ' | ||
Actuarial loss due to pension plan remeasurement (net of tax benefit of $1 million and zero, respectively) | -2 | 0 | ||
Amounts reclassified from accumulated other comprehensive income (loss): | ' | ' | ||
Settlement loss on pension plan (net of tax benefit of zero and zero, respectively) | 1 | [1] | 0 | [1] |
Amortization of unrecognized prior service credit and actuarial loss (net of tax benefit of zero and zero, respectively) | 0 | [2] | 1 | [2] |
Other comprehensive income (loss), net of tax | -1 | 1 | ||
Comprehensive loss | -5 | -128 | ||
Less: Comprehensive income attributable to noncontrolling interests | 2 | 0 | ||
Total comprehensive loss attributable to Illinois Power Generating Company | ($7) | ($128) | ||
[1] | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | |||
[2] | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Statement of Comprehensive Income [Abstract] | ' | ' | ||
Tax on actuarial loss due to pension plan remeasurement | $1 | $0 | ||
Tax on settlement loss on pension plan | 0 | [1] | 0 | [1] |
Tax on amortization of unrecognized prior service credit and actuarial loss | $0 | [2] | $0 | [2] |
[1] | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | |||
[2] | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net loss | ($4) | ($129) |
Adjustments to reconcile net loss to net cash flows from operating activities: | ' | ' |
Loss on asset impairment | 0 | 207 |
Depreciation expense | 24 | 24 |
Risk-management activities | 0 | -6 |
Gain on sale of assets, net | 0 | -1 |
Deferred income taxes and investment tax credits, net | -28 | -79 |
Other | -1 | 0 |
Changes in working capital: | ' | ' |
Accounts receivable, net | -40 | 6 |
Inventory | -1 | 17 |
Prepayments and other current assets | 6 | 0 |
Accounts payable and accrued liabilities | 53 | -16 |
Other | 4 | 16 |
Net cash provided by operating activities | 13 | 39 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Capital expenditures | -12 | -12 |
Proceeds from asset sales, net | 0 | 100 |
Money pool advances, net | 0 | -127 |
Net cash used in investing activities | -12 | -39 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net cash provided by financing activities | 0 | 0 |
Net increase in cash and cash equivalents | 1 | 0 |
Cash and cash equivalents, beginning of year | 190 | 25 |
Cash and cash equivalents, end of period | $191 | $25 |
Basis_of_Presentation_and_Orga
Basis of Presentation and Organization | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation and Organization | ' |
Note 1—Basis of Presentation and Organization | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to interim financial reporting as prescribed by the SEC. The year-end consolidated balance sheet data was derived from audited consolidated financial statements but does not include all disclosures required by GAAP. The unaudited consolidated financial statements contained in this report include all material adjustments of a normal recurring nature that, in the opinion of management, are necessary for a fair presentation of the results for the interim periods. These interim financial statements should be read together with the consolidated financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2013, filed with the SEC on March 28, 2014, which we refer to as our “Form 10-K.” Unless the context indicates otherwise, throughout this report, the terms “Genco,” “the Company,” “we,” “us,” “our,” and “ours” are used to refer to Illinois Power Generating Company and its direct and indirect subsidiaries. | |
We are an electric generation subsidiary of Illinois Power Resources, LLC (“IPR”), which is an indirect wholly-owned subsidiary of Dynegy Inc. (“Dynegy”). We are headquartered in Houston, Texas and were incorporated in Illinois in March 2000. We own and operate a merchant generation business in Illinois and have an 80 percent ownership interest in Electric Energy, Inc. (“EEI”). EEI operates merchant electric generation facilities and FERC-regulated transmission facilities in Illinois and Kentucky. We also consolidate our wholly-owned subsidiary, Coffeen and Western Railroad Company, for financial reporting purposes. All significant intercompany transactions have been eliminated. | |
On December 2, 2013 (the “Acquisition Date”), we were acquired indirectly by Illinois Power Holdings, LLC (“IPH”), an indirect wholly-owned subsidiary of Dynegy. On the Acquisition Date, pursuant to the terms of the definitive agreement dated as of March 14, 2013 and as amended on the Acquisition Date (the “AER Transaction Agreement”) by and between IPH and Ameren Corporation (“Ameren”), IPH completed its acquisition from Ameren of 100 percent of the equity interests of New Ameren Energy Resources, LLC (“New AER”) and its subsidiaries (the “AER Acquisition”). “Push-down accounting” was not applied as a result of the AER Acquisition, which would require the adjustment of the assets and liabilities to fair value recognized by Dynegy to be shown in our consolidated financial statements. IPH and its direct and indirect subsidiaries, including Genco, are organized into ring-fenced groups to maintain corporate separateness from Dynegy and its other subsidiaries, for the purpose of minimizing risk of claims against Dynegy for IPH’s and our obligations. We have an independent director whose consent is required for certain corporate actions, including material transactions with affiliates. We maintain separate books, records and bank accounts and separately appoint officers. Furthermore, we pay liabilities from our own funds, conduct business in our own name and have restrictions on pledging our assets for the benefit of certain other persons. | |
Reclassifications | |
Certain prior period amounts in our consolidated statements of operations have been reclassified to conform to current year presentation. |
Accounting_Policies
Accounting Policies | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Accounting Policies | ' |
Note 2—Accounting Policies | |
The accounting policies followed by the Company are set forth in Note 1—Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements in our Form 10-K. There have been no significant changes to these policies during the three months ended March 31, 2014. | |
The preparation of consolidated financial statements in conformity with GAAP requires management to make informed estimates and judgments that affect our reported financial position and results of operations based on currently available information. Actual results could differ materially from our estimates. The results of operations for the interim periods presented in this Form 10-Q are not necessarily indicative of the results to be expected for the full year or any other interim period due to seasonal fluctuations in demand for our energy products and services, changes in commodity prices, timing of maintenance and other expenditures and other factors. | |
Accounting Standards Adopted During the Current Period | |
Presentation of Unrecognized Tax Benefits. In July 2013, the FASB issued ASU 2013-11-Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The provisions of the rule require an unrecognized tax benefit to be presented as a reduction to a deferred tax asset in the financial statements for an NOL carryforward, a similar tax loss, or a tax credit carryforward except in circumstances when the carryforward or tax loss is not available at the reporting date under the tax laws of the applicable jurisdiction to settle any additional income taxes or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purposes. When those circumstances exist, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2013, with early adoption permitted. The adoption of this ASU did not have an impact on our balance sheets, statements of operations, statements of cash flows or disclosures. | |
Accounting Standards Not Yet Adopted | |
Reporting Discontinued Operations and Asset Disposals. In April 2014, the FASB issued ASU 2014-08-Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosure of Disposals of Components of an Entity. The amendments in this Update change the requirements for reporting discontinued operations in Subtopic 205-20. An entity is required to report within discontinued operations on the statement of operations the results of a component or group of components of an entity if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. Additionally, the associated assets and liabilities are required to be presented separately from other assets and liabilities on the balance sheet for all comparative periods. The ASU includes updated guidance regarding what meets the definition of a component of an entity. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2014, with early adoption permitted. We do not anticipate the adoption of this ASU having an impact on our balance sheets, statements of income, statements of cash flow or disclosures. |
Asset_Sales
Asset Sales | 3 Months Ended |
Mar. 31, 2014 | |
Property, Plant and Equipment Impairment or Disposal [Abstract] | ' |
Asset Sales | ' |
Note 3—Asset Sales | |
In October 2013, we divested our Elgin, Gibson City and Grand Tower gas-fired facilities (the “Gas-Fired Facilities”) to Ameren Energy Medina Valley Cogen L.L.C. (“Medina Valley”), an affiliate of Ameren Energy Resources Company, LLC (“AER”) that IPH did not acquire in the AER Acquisition, under a put option agreement that was assumed by Medina Valley and exercised by us in March 2013 (the “Put Option”). As a result of our exercise of the Put Option, the Gas-Fired Facilities qualified for held for sale accounting and we recorded a pretax charge to earnings of $207 million during the three months ended March 31, 2013 to reflect the impairment of the Gas-Fired Facilities as the carrying value of the facilities exceeded their fair value. Fair value was based on the purchase agreement with Medina Valley. The 2013 impairment was primarily related to the Gibson City and Grand Tower Gas-Fired Facilities as the Elgin facility was impaired under held and used accounting guidance during the fourth quarter 2012. |
Risk_Management_Derivatives_an
Risk Management, Derivatives and Financial Instruments | 3 Months Ended |
Mar. 31, 2014 | |
Derivative Instrument Detail [Abstract] | ' |
Risk Management, Derivatives and Financial Instruments | ' |
Note 4—Risk Management, Derivatives and Financial Instruments | |
Derivatives on the Balance Sheet. We did not have a material amount of derivative instruments as of March 31, 2014 and December 31, 2013. | |
Impact of Derivatives on the Consolidated Statements of Operations | |
The cumulative amount of pretax net losses on interest rate derivative instruments in AOCI was $6 million as of March 31, 2014 and December 31, 2013. These interest rate swaps were executed in 2007 as a partial hedge of interest rate risks associated with our April 2008 debt issuance. The loss on the interest rate swaps is being amortized over a 10-year period that began in April 2008, $1.4 million of which will be amortized over the next year. | |
Financial Instruments Not Designated as Hedges. In 2014 and 2013, we elected not to designate derivatives related to our power generation business and interest rate instruments as cash flow or fair value hedges. Thus, we account for changes in the fair value of these derivatives within the consolidated statements of operations (herein referred to as “mark-to-market” accounting treatment). There was no material impact of mark-to-market gains (losses) on our unaudited consolidated statements of operations for the three months ended March 31, 2014. The impact of mark-to-market gains on our unaudited consolidated statements of operations for the three months ended March 31, 2013 was $6 million and recorded in Revenues. | |
There was no material recognized impact of derivative financial instruments on our unaudited consolidated statements of operations for the three months ended March 31, 2014 and 2013. |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Note 5—Fair Value Measurements | ||||||||||||||||
We primarily apply the market approach for recurring fair value measurements and endeavor to utilize the best available information. Accordingly, our valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. We have consistently used this valuation technique for all periods presented. Please read Note 9—Fair Value Measurements in our Form 10-K for further discussion and definitions of the fair value hierarchy. | ||||||||||||||||
We did not have material amounts of outstanding derivative positions as of March 31, 2014 and December 31, 2013. | ||||||||||||||||
Fair Value of Financial Instruments. We have determined the estimated fair value amounts using available market information and selected valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. The use of different market assumptions or valuation methodologies could have a material effect on the estimated fair value amounts. | ||||||||||||||||
The carrying values of financial assets and liabilities (cash and cash equivalents, accounts receivable, restricted cash and accounts payable) not presented in the table below approximate fair values due to the short-term maturities of these instruments. Unless otherwise noted, the fair value of debt as reflected in the table has been calculated based on the average of certain available broker quotes as of March 31, 2014 and December 31, 2013, respectively. All fair values presented below are classified within Level 2 of the fair value hierarchy. | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
Carrying Amount | Fair Value | Carrying Amount | Fair Value | |||||||||||||
7.95% Senior Notes Series F, due 2032 (1) | $ | 274 | $ | 223 | $ | 274 | $ | 216 | ||||||||
7.00% Senior Notes Series H, due 2018 | $ | 300 | $ | 264 | $ | 300 | $ | 252 | ||||||||
6.30% Senior Notes Series I, due 2020 | $ | 250 | $ | 208 | $ | 250 | $ | 196 | ||||||||
__________________________________________ | ||||||||||||||||
-1 | Carrying amount includes unamortized discount of $1 million as of March 31, 2014 and December 31, 2013. Please read Note 8—Debt for further discussion. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||
Accumulated Other Comprehensive Income (Loss) [Text Block] | ' | ||||||||
Note 6—Accumulated Other Comprehensive Income (Loss) | |||||||||
Changes in accumulated other comprehensive income (loss), net of tax, by component, associated with our defined benefit pension and other post-employment benefit plans are as follows: | |||||||||
Three Months Ended March 31, | |||||||||
(amounts in millions) | 2014 | 2013 | |||||||
Beginning of period | $ | (11 | ) | $ | (40 | ) | |||
Current period other comprehensive loss: | |||||||||
Actuarial loss due to pension plan remeasurement (net of tax benefit of $1 million and zero, respectively) | (2 | ) | — | ||||||
Amounts reclassified from accumulated other comprehensive income (loss): | |||||||||
Settlement loss on pension plan (net of tax benefit of zero and zero, respectively) (1) | 1 | — | |||||||
Amortization of unrecognized prior service credit and actuarial loss (net of tax benefit of zero and zero, respectively) (2) | — | 1 | |||||||
Net current period other comprehensive income (loss), net of tax | (1 | ) | 1 | ||||||
End of period | $ | (12 | ) | $ | (39 | ) | |||
_______________________________________ | |||||||||
-1 | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | ||||||||
-2 | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Inventory
Inventory | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory | ' | ||||||||
Note 7—Inventory | |||||||||
A summary of our inventories is as follows: | |||||||||
(amounts in millions) | 31-Mar-14 | 31-Dec-13 | |||||||
Materials and supplies | $ | 30 | $ | 33 | |||||
Coal | 44 | 43 | |||||||
Fuel oil | 2 | 2 | |||||||
Total | $ | 76 | $ | 78 | |||||
Debt
Debt | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||
Debt | ' | ||||||||
Note 8—Debt | |||||||||
A summary of our long-term debt is as follows: | |||||||||
(amounts in millions) | 31-Mar-14 | 31-Dec-13 | |||||||
Unsecured notes: | |||||||||
7.95% Senior Notes Series F, due 2032 | $ | 275 | $ | 275 | |||||
7.00% Senior Notes Series H, due 2018 | 300 | 300 | |||||||
6.30% Senior Notes Series I, due 2020 | 250 | 250 | |||||||
825 | 825 | ||||||||
Unamortized discount | (1 | ) | (1 | ) | |||||
Total Long-term debt | $ | 824 | $ | 824 | |||||
Indenture Provisions and Other Covenants | |||||||||
At March 31, 2014, we were in compliance with the provisions and covenants contained within our indenture. Our indenture includes provisions that require us to maintain certain interest coverage and debt-to-capital ratios in order for us to pay dividends, to make principal or interest payments on subordinated borrowings, to make loans to or investments in affiliates, or to incur additional external, third-party indebtedness. The following table summarizes these required ratios as of March 31, 2014: | |||||||||
Required Ratio | |||||||||
Interest coverage ratio- restricted payment (1) | ≥1.75 | ||||||||
Interest coverage ratio- additional indebtedness (2) | ≥2.50 | ||||||||
Debt-to-capital ratio- additional indebtedness (2) | ≤60% | ||||||||
_______________________________________ | |||||||||
-1 | As of the date of a restricted payment, as defined, the minimum ratio must have been achieved for the most recently ended four fiscal quarters and projected by management to be achieved for each of the subsequent four six-month periods. | ||||||||
-2 | Ratios must be computed on a pro forma basis considering the additional indebtedness to be incurred and the related interest expense. Other borrowings from third-party external sources are included in the definition of indebtedness and are subject to these incurrence tests. | ||||||||
Our debt incurrence-related ratio restrictions under the indenture may be disregarded if both Moody's and S&P reaffirm the ratings in place at the time of the debt incurrence after considering the additional indebtedness. | |||||||||
Our indenture provides that dividends cannot be paid unless the actual interest coverage ratio for our most recently ended four fiscal quarters and the interest coverage ratios projected by management for each of the subsequent four six-month periods are greater than a specified minimum level. Based on March 31, 2014 results, our interest coverage ratios are less than the minimum ratios required to pay dividends and borrow additional funds from external, third-party sources. Based on projections of operating results and cash flows in 2014 and 2015 as of March 31, 2014, we do not believe that we will achieve the minimum interest coverage ratio necessary to pay dividends on our common stock and incur additional third-party indebtedness until at least 2016. As a result, we were restricted from paying dividends as of March 31, 2014. | |||||||||
In order for us to issue securities in the future, we will have to comply with all applicable indenture requirements in effect at the time of any such issuances. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Note 9—Commitments and Contingencies | |
Legal Proceedings | |
Set forth below is a summary of our material ongoing legal proceedings. We record accruals for estimated losses from contingencies when available information indicates that a loss is probable and the amount of the loss, or range of loss, can be reasonably estimated. In addition, we disclose matters for which management believes a material loss is reasonably possible. In all instances, management has assessed the matters below based on current information and made judgments concerning their potential outcome, giving consideration to the nature of the claim, the amount, if any, and nature of damages sought and the probability of success. Management regularly reviews all new information with respect to such contingency and adjusts its assessment and estimates of such contingencies accordingly. Because litigation is subject to inherent uncertainties including unfavorable rulings or developments, it is possible that the ultimate resolution of our legal proceedings could involve amounts that are different from our currently recorded accruals and that such differences could be material. | |
In addition to the matters discussed below, we are party to other routine proceedings arising in the ordinary course of business or related to discontinued business operations. Any accruals or estimated losses related to these matters are not material. In management’s judgment, the ultimate resolution of these matters will not have a material effect on our financial condition, results of operations or cash flows. | |
Variance. In January 2014, an environmental group filed a petition for review in the Illinois Fourth District Appellate Court of the IPCB’s November 2013 decision and order granting IPH a variance extending the applicable compliance dates for MPS SO2 emission limits. On January 17, 2014, IPH filed a Motion to Dismiss. On February 24, 2014, the Fourth District Appellate Court granted the motion and dismissed the appeal. On April 1, 2014, the environmental group filed a petition for leave to appeal the Appellate Court’s decision with the Illinois Supreme Court. We believe the variance was properly granted and that the Appellate Court’s judgment dismissing the petition for review was proper. We will vigorously defend our position, including opposing review by the Illinois Supreme Court. | |
NSR | |
The EPA is engaged in an enforcement initiative to determine whether coal-fired power plants failed to comply with the requirements of the NSR and NSPS provisions under the CAA when the plants implemented modifications. The EPA’s inquiries focus on whether projects performed at power plants should have triggered various permitting requirements and the installation of pollution control equipment. | |
Commencing in 2005, we received a series of information requests from the EPA pursuant to Section 114(a) of the CAA. The requests sought detailed operating and maintenance history data with respect to our Coffeen, Newton, and Joppa facilities. In August 2012, we received a Notice of Violation from the EPA alleging violations of permitting requirements at our Newton facility, including Title V of the CAA. The EPA contends that projects performed in 1997, 2006 and 2007 at our Newton facility violated federal law. We believe our defenses to the allegations described in the Notice of Violation are meritorious. A recent decision by the United States Court of Appeals for the Seventh Circuit held that similar claims older than five years were barred by the statute of limitations. If not overturned, this decision may provide an additional defense to the allegations in the Newton facility Notice of Violation. | |
Ultimate resolution of these matters could have a material adverse impact on our future results of operations, financial position, and liquidity. A resolution could result in increased capital expenditures for the installation of pollution control equipment, increased operations and maintenance expenses, and penalties. We are unable to predict the ultimate resolution of these matters or the costs that might be incurred. | |
Groundwater | |
Hydrogeologic investigations of the CCR surface impoundments have been performed at our facilities. Groundwater monitoring results indicate that the CCR surface impoundments at each of our facilities potentially impact onsite groundwater. | |
The Illinois EPA has issued violation notices with respect to groundwater conditions existing at our Coffeen and Newton CCR surface impoundments. In February 2013, the Illinois EPA provided written notice that it may pursue legal action with respect to each of these matters through referral to the Illinois Office of the Attorney General. In April 2013, AER filed a proposed rulemaking with the IPCB which, if approved, would provide for the systematic and eventual closure of our CCR surface impoundments. In October 2013, the Illinois EPA filed a proposed rulemaking with the IPCB that would establish processes governing monitoring, preventative response, corrective action and closure of CCR surface impoundments at all power generating facilities in Illinois. The AER rulemaking has been stayed to allow the Illinois EPA proposed rulemaking to proceed. At this time we cannot reasonably estimate the costs or range of costs of resolving the Newton and Coffeen enforcement matters, but resolution of these matters may cause us to incur significant costs that could have a material adverse effect on our results of operations, financial position, and liquidity. During the first quarter 2013, we revised our ARO fair value estimates relating to CCR surface impoundments. | |
Guaranty Agreement | |
In connection with the AER Acquisition, Genco has provided a Guaranty Agreement of certain obligations of IPH up to $25 million. Concurrently with the closing of the AER Transaction Agreement on the Acquisition Date, Genco entered into the Guaranty Agreement, capped at $25 million in favor of Ameren, pursuant to which Genco guaranteed for a period of two years after the closing (subject to certain exceptions), up to $25 million with respect to IPH’s indemnification obligations and certain reimbursement obligations under the AER Transaction Agreement. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Related Party Transactions | ' | ||||||||||||||||
Note 10—Related Party Transactions | |||||||||||||||||
We have engaged in, and may in the future engage in, affiliate transactions in the normal course of business. These transactions primarily consist of power purchases and sales, services received or rendered, and borrowings and lendings. For a discussion of our material related party agreements, please read Note 2—Related Party Transactions of the Form 10-K. | |||||||||||||||||
The following table summarizes the affiliate accounts receivable and payable on our unaudited consolidated balance sheets. | |||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||
(amounts in millions) | Accounts Receivable, Affiliates | Accounts Payable, Affiliates | Accounts Receivable, Affiliates | Accounts Payable, Affiliates | |||||||||||||
Genco and EEI power supply and other agreements with IPM | $ | 83 | $ | — | $ | 58 | $ | — | |||||||||
Services agreement | — | 2 | — | — | |||||||||||||
Tax sharing agreement | — | 25 | — | — | |||||||||||||
Other | 1 | — | 1 | — | |||||||||||||
Total | $ | 84 | $ | 27 | $ | 59 | $ | — | |||||||||
The following table presents the impact of related party transactions on our consolidated statements of operations for the three months ended March 31, 2014 and 2013. It is based primarily on the agreements discussed below and in Note 2—Related Party Transactions of the Form 10-K. | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(amounts in millions) | Income Statement Line Item | 2014 | 2013 | ||||||||||||||
Genco and EEI power supply and other agreements with IPM | Revenues | $ | 180 | $ | 185 | ||||||||||||
Services provided to AER affiliates | Revenues | — | 2 | ||||||||||||||
Services agreement | Operating and maintenance expense | 10 | 3 | ||||||||||||||
Power Supply Agreements | |||||||||||||||||
Genco has a PSA with IPM, whereby Genco agreed to sell and IPM agreed to purchase all of the capacity and energy available from Genco’s generation fleet. IPM entered into a similar PSA with Illinois Power Resources Generating LLC (“IPRG”). Under the PSAs, revenues allocated between Genco and IPRG are based on reimbursable expenses and generation of each entity. Each PSA will continue through December 31, 2022, and from year to year thereafter. Either party to the respective PSA may elect to terminate the PSA by providing the other party with no less than six months advance written notice. | |||||||||||||||||
EEI has a PSA with IPM, whereby EEI agreed to sell and IPM agreed to purchase all of the capacity and energy available from EEI’s generation fleet. The price that IPM pays for capacity is set annually based upon prevailing market prices. IPM pays spot market prices for the associated energy. In addition, EEI will at times purchase energy from IPM to fulfill obligations to a nonaffiliated party. This PSA will continue through May 31, 2016. | |||||||||||||||||
Collateral Agreement | |||||||||||||||||
On February 26, 2014, Genco entered into a collateral agreement with IPM pursuant to which IPM may require Genco to provide collateral to IPM to secure obligations of IPM applicable to Genco’s assets. The initial collateral limit for Genco is $15 million and IPM can demand an additional $7.5 million for a total limit not to exceed $22.5 million. There have been no amounts provided under this agreement to date. | |||||||||||||||||
Services Agreements | |||||||||||||||||
Prior to the AER Acquisition, Ameren Services Company (“Ameren Services”), an Ameren subsidiary, provided support services to its affiliates, including us. The costs of services, including wages, employee benefits, professional services, and other expenses, were based on, or were an allocation of, actual costs incurred. In addition, we provided affiliates, primarily Ameren Services, with access to our facilities for administrative purposes. The cost of the rent and facility services were based on, or were an allocation of actual costs incurred. | |||||||||||||||||
Upon the AER Acquisition, Dynegy and certain of its subsidiaries (collectively, the “Providers”) began providing certain services (the “Services”) to IPH, and certain of its consolidated subsidiaries (collectively, the “Recipients”), which includes us and EEI. | |||||||||||||||||
The Providers act as agents for the Recipients for the limited purpose of providing the Services set forth in the service agreements. Prior to the beginning of each fiscal year in which Services are to be provided pursuant to the Service Agreements, the Providers and the Recipients agree on a budget for the Services, outlining, among other items, the contemplated scope of the Services to be provided in the following fiscal year and the cost of providing the Services. The Recipients will pay the Providers an annual management fee as agreed in the budget. We believe this is a reasonable method of allocating the costs of the Services to us and provides an appropriate reflection of the costs we would have incurred if we operated as an unaffiliated entity. | |||||||||||||||||
Tax Sharing Agreement | |||||||||||||||||
We are included in the consolidated tax returns of Dynegy. Under U.S. federal income tax law, Dynegy files consolidated income tax returns for itself and its subsidiaries. Dynegy is responsible for the federal tax liabilities of its subsidiaries which include the income and business activities of the ring-fenced entities and Dynegy’s other affiliates. Genco and Dynegy have entered into a tax sharing agreement that also provides that we recognize taxes based on a separate company income tax return basis, as defined in the agreement. |
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Note 11—Income Taxes | |
We compute our quarterly taxes under the effective tax rate method based on applying an anticipated annual effective rate to our year-to-date income or loss, except for significant unusual or extraordinary transactions. Income taxes for significant unusual or extraordinary transactions are computed and recorded in the period that the specific transaction occurs. | |
For the three months ended March 31, 2014, our overall effective tax rate on continuing operations of 43 percent was different than the statutory tax rate of 35 percent primarily due to the impact of state income tax. |
Pension_and_Other_PostEmployme
Pension and Other Post-Employment Benefits | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||
Pension and Other Post-Employment Benefits | ' | ||||||||||||||||
Note 12—Pension and Other Post-Employment Benefits | |||||||||||||||||
We offer defined benefit pension and post-employment benefit plans covering our employees. Separately, our EEI employees and retirees participate in EEI’s single-employer pension and other post-employment plans. We consolidate EEI, and therefore, EEI’s plans are reflected in our pension and post-employment balances and disclosures. Please read Note 6—Retirement Benefits in our Form 10-K for further discussion. | |||||||||||||||||
Components of Net Periodic Benefit Cost. The following table presents the components of our net periodic benefit cost of the EEI pension and post-employment benefit plans for the three months ended March 31, 2014 and 2013. Also reflected is an allocation of net periodic benefit costs from our participation in Dynegy’s single-employer pension and post-employment plans for the three months ended March 31, 2014 and Ameren’s single-employer pension and post-employment plans for the three months ended March 31, 2013: | |||||||||||||||||
Pension Benefits | Post-employment Benefits | ||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(amounts in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 1 | $ | 1 | $ | — | $ | — | |||||||||
Interest cost | 1 | 2 | 1 | 1 | |||||||||||||
Expected return on plan assets | (1 | ) | (3 | ) | (1 | ) | (1 | ) | |||||||||
Amortization of: | |||||||||||||||||
Prior service credit | — | — | (1 | ) | (2 | ) | |||||||||||
Actuarial loss | — | 2 | 1 | 1 | |||||||||||||
Net periodic benefit cost (gain) | 1 | 2 | — | (1 | ) | ||||||||||||
Settlements | 1 | — | — | — | |||||||||||||
Total benefit cost (gain) | $ | 2 | $ | 2 | $ | — | $ | (1 | ) | ||||||||
In addition to the above net periodic benefit cost for pension and post-employment plans, we were allocated less than $1 million in net periodic benefit costs for pension and post-employment plans from Ameren Services employees doing work on our behalf during the three months ended March 31, 2013. |
Accounting_Policies_Policies
Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Use of Estimates | ' |
The preparation of consolidated financial statements in conformity with GAAP requires management to make informed estimates and judgments that affect our reported financial position and results of operations based on currently available information. Actual results could differ materially from our estimates. The results of operations for the interim periods presented in this Form 10-Q are not necessarily indicative of the results to be expected for the full year or any other interim period due to seasonal fluctuations in demand for our energy products and services, changes in commodity prices, timing of maintenance and other expenditures and other factors. | |
Accounting Standards Adopted and Not Yet Adpoted During the Current Period | ' |
Accounting Standards Adopted During the Current Period | |
Presentation of Unrecognized Tax Benefits. In July 2013, the FASB issued ASU 2013-11-Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The provisions of the rule require an unrecognized tax benefit to be presented as a reduction to a deferred tax asset in the financial statements for an NOL carryforward, a similar tax loss, or a tax credit carryforward except in circumstances when the carryforward or tax loss is not available at the reporting date under the tax laws of the applicable jurisdiction to settle any additional income taxes or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purposes. When those circumstances exist, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2013, with early adoption permitted. The adoption of this ASU did not have an impact on our balance sheets, statements of operations, statements of cash flows or disclosures. | |
Accounting Standards Not Yet Adopted | |
Reporting Discontinued Operations and Asset Disposals. In April 2014, the FASB issued ASU 2014-08-Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosure of Disposals of Components of an Entity. The amendments in this Update change the requirements for reporting discontinued operations in Subtopic 205-20. An entity is required to report within discontinued operations on the statement of operations the results of a component or group of components of an entity if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. Additionally, the associated assets and liabilities are required to be presented separately from other assets and liabilities on the balance sheet for all comparative periods. The ASU includes updated guidance regarding what meets the definition of a component of an entity. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2014, with early adoption permitted. We do not anticipate the adoption of this ASU having an impact on our balance sheets, statements of income, statements of cash flow or disclosures. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Inputs, Assets and Liabilities, Quantitative Information | ' | |||||||||||||||
The carrying values of financial assets and liabilities (cash and cash equivalents, accounts receivable, restricted cash and accounts payable) not presented in the table below approximate fair values due to the short-term maturities of these instruments. Unless otherwise noted, the fair value of debt as reflected in the table has been calculated based on the average of certain available broker quotes as of March 31, 2014 and December 31, 2013, respectively. All fair values presented below are classified within Level 2 of the fair value hierarchy. | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
Carrying Amount | Fair Value | Carrying Amount | Fair Value | |||||||||||||
7.95% Senior Notes Series F, due 2032 (1) | $ | 274 | $ | 223 | $ | 274 | $ | 216 | ||||||||
7.00% Senior Notes Series H, due 2018 | $ | 300 | $ | 264 | $ | 300 | $ | 252 | ||||||||
6.30% Senior Notes Series I, due 2020 | $ | 250 | $ | 208 | $ | 250 | $ | 196 | ||||||||
__________________________________________ | ||||||||||||||||
-1 | Carrying amount includes unamortized discount of $1 million as of March 31, 2014 and December 31, 2013. Please read Note 8—Debt for further discussion. |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
Changes in accumulated other comprehensive income (loss), net of tax, by component, associated with our defined benefit pension and other post-employment benefit plans are as follows: | |||||||||
Three Months Ended March 31, | |||||||||
(amounts in millions) | 2014 | 2013 | |||||||
Beginning of period | $ | (11 | ) | $ | (40 | ) | |||
Current period other comprehensive loss: | |||||||||
Actuarial loss due to pension plan remeasurement (net of tax benefit of $1 million and zero, respectively) | (2 | ) | — | ||||||
Amounts reclassified from accumulated other comprehensive income (loss): | |||||||||
Settlement loss on pension plan (net of tax benefit of zero and zero, respectively) (1) | 1 | — | |||||||
Amortization of unrecognized prior service credit and actuarial loss (net of tax benefit of zero and zero, respectively) (2) | — | 1 | |||||||
Net current period other comprehensive income (loss), net of tax | (1 | ) | 1 | ||||||
End of period | $ | (12 | ) | $ | (39 | ) | |||
_______________________________________ | |||||||||
-1 | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | ||||||||
-2 | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Inventory_Tables
Inventory (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current | ' | ||||||||
A summary of our inventories is as follows: | |||||||||
(amounts in millions) | 31-Mar-14 | 31-Dec-13 | |||||||
Materials and supplies | $ | 30 | $ | 33 | |||||
Coal | 44 | 43 | |||||||
Fuel oil | 2 | 2 | |||||||
Total | $ | 76 | $ | 78 | |||||
Debt_Tables
Debt (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||
Schedule of Long-term Debt Instruments | ' | ||||||||
A summary of our long-term debt is as follows: | |||||||||
(amounts in millions) | 31-Mar-14 | 31-Dec-13 | |||||||
Unsecured notes: | |||||||||
7.95% Senior Notes Series F, due 2032 | $ | 275 | $ | 275 | |||||
7.00% Senior Notes Series H, due 2018 | 300 | 300 | |||||||
6.30% Senior Notes Series I, due 2020 | 250 | 250 | |||||||
825 | 825 | ||||||||
Unamortized discount | (1 | ) | (1 | ) | |||||
Total Long-term debt | $ | 824 | $ | 824 | |||||
Schedule of Required and Actual Debt Ratios | ' | ||||||||
The following table summarizes these required ratios as of March 31, 2014: | |||||||||
Required Ratio | |||||||||
Interest coverage ratio- restricted payment (1) | ≥1.75 | ||||||||
Interest coverage ratio- additional indebtedness (2) | ≥2.50 | ||||||||
Debt-to-capital ratio- additional indebtedness (2) | ≤60% | ||||||||
_______________________________________ | |||||||||
-1 | As of the date of a restricted payment, as defined, the minimum ratio must have been achieved for the most recently ended four fiscal quarters and projected by management to be achieved for each of the subsequent four six-month periods. | ||||||||
-2 | Ratios must be computed on a pro forma basis considering the additional indebtedness to be incurred and the related interest expense. Other borrowings from third-party external sources are included in the definition of indebtedness and are subject to these incurrence tests. |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Schedule of Related Party Transactions | ' | ||||||||||||||||
The following table summarizes the affiliate accounts receivable and payable on our unaudited consolidated balance sheets. | |||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||
(amounts in millions) | Accounts Receivable, Affiliates | Accounts Payable, Affiliates | Accounts Receivable, Affiliates | Accounts Payable, Affiliates | |||||||||||||
Genco and EEI power supply and other agreements with IPM | $ | 83 | $ | — | $ | 58 | $ | — | |||||||||
Services agreement | — | 2 | — | — | |||||||||||||
Tax sharing agreement | — | 25 | — | — | |||||||||||||
Other | 1 | — | 1 | — | |||||||||||||
Total | $ | 84 | $ | 27 | $ | 59 | $ | — | |||||||||
The following table presents the impact of related party transactions on our consolidated statements of operations for the three months ended March 31, 2014 and 2013. It is based primarily on the agreements discussed below and in Note 2—Related Party Transactions of the Form 10-K. | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(amounts in millions) | Income Statement Line Item | 2014 | 2013 | ||||||||||||||
Genco and EEI power supply and other agreements with IPM | Revenues | $ | 180 | $ | 185 | ||||||||||||
Services provided to AER affiliates | Revenues | — | 2 | ||||||||||||||
Services agreement | Operating and maintenance expense | 10 | 3 | ||||||||||||||
Pension_and_Other_PostEmployme1
Pension and Other Post-Employment Benefits (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||
Schedule of Net Periodic Benefit Costs | ' | ||||||||||||||||
The following table presents the components of our net periodic benefit cost of the EEI pension and post-employment benefit plans for the three months ended March 31, 2014 and 2013. Also reflected is an allocation of net periodic benefit costs from our participation in Dynegy’s single-employer pension and post-employment plans for the three months ended March 31, 2014 and Ameren’s single-employer pension and post-employment plans for the three months ended March 31, 2013: | |||||||||||||||||
Pension Benefits | Post-employment Benefits | ||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(amounts in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 1 | $ | 1 | $ | — | $ | — | |||||||||
Interest cost | 1 | 2 | 1 | 1 | |||||||||||||
Expected return on plan assets | (1 | ) | (3 | ) | (1 | ) | (1 | ) | |||||||||
Amortization of: | |||||||||||||||||
Prior service credit | — | — | (1 | ) | (2 | ) | |||||||||||
Actuarial loss | — | 2 | 1 | 1 | |||||||||||||
Net periodic benefit cost (gain) | 1 | 2 | — | (1 | ) | ||||||||||||
Settlements | 1 | — | — | — | |||||||||||||
Total benefit cost (gain) | $ | 2 | $ | 2 | $ | — | $ | (1 | ) | ||||||||
Basis_of_Presentation_and_Orga1
Basis of Presentation and Organization Basis of Presentation and Organization (Details) | Dec. 02, 2013 | Mar. 31, 2014 |
Electric Energy, Inc | ||
Schedule of Equity Method Investments [Line Items] | ' | ' |
Equity Method Investment, Ownership Percentage | ' | 80.00% |
Percentage of Voting Interests Acquired | 100.00% | ' |
Asset_Sales_Narrative_Details
Asset Sales (Narrative) (Details) (Put Option [Member], Gas-Fired Facilities [Member], USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2013 |
Put Option [Member] | Gas-Fired Facilities [Member] | ' |
Impaired Long-Lived Assets Held and Used [Line Items] | ' |
Asset impairment | $207 |
Risk_Management_Derivatives_an1
Risk Management, Derivatives and Financial Instruments (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Apr. 30, 2008 | Mar. 31, 2014 | Dec. 31, 2013 |
Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Interest Rate Derivatives | Interest Rate Derivatives | Interest Rate Derivatives | |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Cumulative deferred pretax losses | ' | ' | ' | $6 | $6 |
Cash Flow Hedge Gain (Loss) Reclassified to Revenue, Amortization Period | ' | ' | '10 years | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | ' | ' | ' | 1.4 | ' |
Derivative Instruments, Mark-to-Market Gain (Loss) Recognized in Income, Net | $0 | $6 | ' | ' | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Long-Term Debt) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
7.95% Senior Notes Series F, due 2032 | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Debt Instrument, Fair Value Disclosure | $274 | [1] | $274 | [1] |
Unamortized Discount | 1 | 1 | ||
7.95% Senior Notes Series F, due 2032 | Fair Value | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Debt Instrument, Fair Value Disclosure | 223 | [1] | 216 | [1] |
7.00% Senior Notes Series H, due 2018 | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term Debt | 300 | 300 | ||
7.00% Senior Notes Series H, due 2018 | Fair Value | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term Debt | 264 | 252 | ||
6.30% Senior Notes Series I, due 2020 | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term Debt | 250 | 250 | ||
6.30% Senior Notes Series I, due 2020 | Fair Value | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term Debt | $208 | $196 | ||
[1] | Carrying amount includes unamortized discount of $1 million as of March 31, 2014 and December 31, 2013. Please read Note 8—Debt for further discussion. |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ||
Beginning of period | ($11) | ($40) | ||
Current period other comprehensive loss: | ' | ' | ||
Actuarial loss due to pension plan remeasurement (net of tax benefit of $1 million and zero, respectively) | -2 | 0 | ||
Amounts reclassified from accumulated other comprehensive income (loss): | ' | ' | ||
Settlement loss on pension plan (net of tax benefit of zero and zero, respectively) | 1 | [1] | 0 | [1] |
Amortization of unrecognized prior service credit and actuarial loss (net of tax benefit of zero and zero, respectively) | 0 | [2] | 1 | [2] |
Net current period other comprehensive income (loss), net of tax | -1 | 1 | ||
End of period | ($12) | ($39) | ||
[1] | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | |||
[2] | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Equity [Abstract] | ' | ' | ||
Tax on actuarial loss due to pension plan remeasurement | $1 | $0 | ||
Tax on settlement loss on pension plan | 0 | [1] | 0 | [1] |
Tax on amortization of unrecognized prior service credit and actuarial loss | $0 | [2] | $0 | [2] |
[1] | Amount related to the settlement loss on the EEI pension plan and is included in the computation of total benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. | |||
[2] | Amounts are associated with our defined benefit pension and other post-employment benefit plans and are included in the computation of net periodic benefit cost (gain). Please read Note 12—Pension and Other Post-Employment Benefits for further discussion. |
Inventory_Details
Inventory (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Materials and supplies | $30 | $33 |
Coal | 44 | 43 |
Fuel oil | 2 | 2 |
Total | $76 | $78 |
Debt_Schedule_of_Longterm_Debt
Debt (Schedule of Long-term Debt Outstanding (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt, gross | $825 | $825 |
Unamortized discount | -1 | -1 |
Total Long-term Debt | 824 | 824 |
Genco restricted payment interest coverage ratio minimum | 1.75% | ' |
Genco additional indebtedness interest coverage ratio minimum | 2.50% | ' |
Genco additional indebtedness debt-to-capital ratio maximum | 60.00% | ' |
Debt Instrument, Covenant Compliance, Dividend Restrictions, Interest Coverage Ratio Determination Period | '1 year | ' |
Debt Instrument, Covenant Compliance, Dividend Restrictions, Projected Interest Coverage Ratio Determination Period | '2 years | ' |
Unsecured Debt | 7.95% Senior Notes Series F, due 2032 | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Carrying Amount | 275 | 275 |
Debt Instrument, Interest Rate, Stated Percentage | 7.95% | ' |
Unsecured Debt | 7.00% Senior Notes Series H, due 2018 | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Carrying Amount | 300 | 300 |
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ' |
Unsecured Debt | 6.30% Senior Notes Series I, due 2020 | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Carrying Amount | $250 | $250 |
Debt Instrument, Interest Rate, Stated Percentage | 6.30% | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Guaranty Agreement) (Details) (Guaranty Agreement, IPH, USD $) | 0 Months Ended |
In Millions, unless otherwise specified | Dec. 02, 2013 |
Guaranty Agreement | IPH | ' |
Loss Contingencies [Line Items] | ' |
Limited guaranty cap of certain obligations | $25 |
Number of years Ameren is required to guarantee termination fee | '2 years |
Related_Party_Transactions_Sch
Related Party Transactions (Schedule of Related Party Transactions) (Details) (USD $) | Mar. 31, 2014 | Feb. 26, 2014 | Dec. 31, 2013 | Feb. 26, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Maximum | Genco and EEI Power Supply and Other Agreements with IPM | Genco and EEI Power Supply and Other Agreements with IPM | AER Affiliates | AER Affiliates | Services Agreement | Services Agreement | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Receivable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | Accounts Payable, Affiliates | |||
Revenues | Revenues | Revenues | Revenues | Operating and Maintenance Expense | Operating and Maintenance Expense | Genco and EEI Power Supply and Other Agreements with IPM | Genco and EEI Power Supply and Other Agreements with IPM | Service Agreement | Service Agreement | Tax Sharing Agreement | Tax Sharing Agreement | Other Accounts Receivable, Affiliates | Other Accounts Receivable, Affiliates | Total Accounts Receivable, Affiliates | Total Accounts Receivable, Affiliates | Genco and EEI Power Supply and Other Agreements with IPM | Genco and EEI Power Supply and Other Agreements with IPM | Service Agreement | Service Agreement | Tax Sharing Agreement | Tax Sharing Agreement | Other Accounts Payable, Affiliates | Other Accounts Payable, Affiliates | Total Accounts Payable, Affiliates | Total Accounts Payable, Affiliates | |||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable, affiliates | $84 | ' | $59 | ' | ' | ' | ' | ' | ' | ' | $83 | $58 | $0 | $0 | $0 | $0 | $1 | $1 | $84 | $59 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable, affiliates | 27 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 2 | 0 | 25 | 0 | 0 | 0 | 27 | 0 |
Revenues | ' | ' | ' | ' | 180 | 185 | 0 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating and maintenance expense | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral Amount | ' | 15 | ' | 22.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral Amount, Additional Demand | ' | $7.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (Domestic Tax Authority) | 3 Months Ended |
Mar. 31, 2014 | |
Domestic Tax Authority | ' |
Federal Income Tax Note [Line Items] | ' |
Effective tax rate | 43.00% |
Statutory tax rate | 35.00% |
Pension_and_Other_PostEmployme2
Pension and Other Post-Employment Benefits (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Pension Benefits | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' |
Service cost | $1 | $1 |
Interest cost | 1 | 2 |
Expected return on plan assets | -1 | -3 |
Amortization of: | ' | ' |
Prior service credit | 0 | 0 |
Actuarial loss | 0 | 2 |
Net periodic benefit cost (gain) | 1 | 2 |
Settlements | 1 | 0 |
Total benefit cost (gain) | 2 | 2 |
Post-employment Benefits | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' |
Service cost | 0 | 0 |
Interest cost | 1 | 1 |
Expected return on plan assets | -1 | -1 |
Amortization of: | ' | ' |
Prior service credit | -1 | -2 |
Actuarial loss | 1 | 1 |
Net periodic benefit cost (gain) | 0 | -1 |
Settlements | 0 | 0 |
Total benefit cost (gain) | 0 | -1 |
Ameren Services Company | ' | ' |
Amortization of: | ' | ' |
Total benefit cost (gain) | ' | $1 |