CenterPoint Energy 2009 Annual Report Download - page 74

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52
Future Sources and Uses of Cash
Our liquidity and capital requirements are affected primarily by our results of operations, capital expenditures,
debt service requirements, tax payments, working capital needs, various regulatory actions and appeals relating to
such regulatory actions. Our principal anticipated cash requirements for 2010 include the following:
• approximately $1.2 billion of capital requirements;
• maturing long-term debt aggregating approximately $206 million;
• $290 million for our January 2010 purchase of pollution control bonds issued on our behalf;
• $241 million of scheduled principal payments on transition and system restoration bonds;
• $45 million for our January 2010 redemption of debentures; and
• dividend payments on CenterPoint Energy common stock and interest payments on debt.
We expect that borrowings under our credit facilities and anticipated cash flows from operations will be sufficient
to meet our anticipated cash needs in 2010. Cash needs or discretionary financing or refinancing may result in the
issuance of equity or debt securities in the capital markets or the arrangement of additional credit facilities.
Issuances of equity or debt in the capital markets and additional credit facilities may not, however, be available to us
on acceptable terms.
The following table sets forth our capital expenditures for 2009 and estimates of our capital requirements for
2010 through 2014 (in millions):
2009 2010 2011 2012 2013 2014
Electric Transmission & Distribution (1) ................... $ 428 $557 $563 $ 488 $ 503 $ 484
N
atural Gas Distribution............................................. 165 210 237 241 259 248
Competitive Natural Gas Sales and Services.............. 2 6 4 16 5 5
Interstate Pipelines ...................................................... 176 171 192 245 164 94
Field Services ............................................................. 348 226 163 126 95 85
Other Operations ........................................................ 29 38 59 40 30 30
Total ........................................................................ $ 1,148 $1,208 $1,218 $1,156 $1,056 $ 946
__________
(1) Includes expenditures of $94 million in 2009 and capital requirements of $181 million, $172 million, $49
million, $38 million and $34 million in 2010 through 2014, respectively, related to AMS and Intelligent
Grid, net of a $200 million grant by the U.S. Department of Energy (DOE). The award is contingent on
successful completion of negotiations with the DOE.