CenterPoint Energy 2009 Annual Report Download - page 135

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113
(5) Included in expenditures for long-lived assets of Electric Transmission & Distribution is $145 million and
$26 million for 2008 and 2009, respectively, related to Hurricane Ike. Approximately $153 million of
distribution related storm restoration costs was reclassified to regulatory assets and was included in the
$665 million securitized storm restoration costs as further discussed in Note 3(a). The remaining $18
million of transmission related storm restoration costs is included in plant in service as of December 31,
2009, and is eligible for recovery through the existing mechanisms established to recover transmission
costs as further discussed in Note 3(a).
Year Ended December 31,
Revenues b
y
Products and Services: 2007 2008 2009
(In millions)
Electric delivery sales..................................................... $ 1,837 $ 1,916 $ 2,013
Retail
g
as sales ............................................................... 4,941 6,216 4,540
Wholesale gas sales ........................................................ 2,196 2,295 902
Gas transpor
t
.................................................................. 532 756 691
Ener
gy
products and services ......................................... 117 139 135
Total .......................................................................... $ 9,623 $ 11,322 $ 8,281
(15) Subsequent Events
On January 21, 2010, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of
$0.195 per share of common stock payable on March 10, 2010, to shareholders of record as of the close of business
on February 16, 2010.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls And Procedures
In accordance with Exchange Act Rules 13a-15 and 15d-15, we carried out an evaluation, under the supervision
and with the participation of management, including our principal executive officer and principal financial officer,
of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report.
Based on that evaluation, our principal executive officer and principal financial officer concluded that our disclosure
controls and procedures were effective as of December 31, 2009 to provide assurance that information required to be
disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission’s rules and forms and such
information is accumulated and communicated to our management, including our principal executive officer and
principal financial officer, as appropriate to allow timely decisions regarding disclosure.
There has been no change in our internal controls over financial reporting that occurred during the three months
ended December 31, 2009 that has materially affected, or is reasonably likely to materially affect, our internal
controls over financial reporting.
Management’s Annual Report on Internal Control over Financial Reporting
See report set forth above in Item 8, “Financial Statements and Supplementary Data.”
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting
See report set forth above in Item 8, “Financial Statements and Supplementary Data.”