CenterPoint Energy 2014 Annual Report Download - page 116

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The following table sets forth summarized financial information regarding CenterPoint Energy’
s investment in TW Securities and each
component of CenterPoint Energy’s ZENS obligation (in millions).
Capital Stock
CenterPoint Energy has 1,020,000,000 authorized shares of capital stock, comprised of 1,000,000,000 shares of $0.01
par value common
stock and 20,000,000 shares of $0.01 par value cumulative preferred stock.
Dividends Declared
CenterPoint Energy declared dividends per share of $0.95 , $0.83 and $0.81 , respectively, during the years ended December 31, 2014 ,
2013
and 2012 .
Undistributed Retained Earnings
As of December 31, 2014 and 2013, CenterPoint Energy’
s consolidated retained earnings balance includes undistributed earnings from
Enable of $71 million and $67 million , respectively.
106
TW
Securities
Debt
Component
of ZENS
Derivative
Component
of ZENS
Balance at December 31, 2011
$
386
$
131
$
197
Accretion of debt component of ZENS
—
24
—
2% interest paid
—
(
17
)
—
Loss on indexed debt securities
—
—
71
Gain on TW Securities
154
—
—
Balance at December 31, 2012
540
138
268
Accretion of debt component of ZENS
—
24
—
2% interest paid
—
(
17
)
—
Sale of TW Securities
(9
)
—
—
Redemption of indexed debt securities
—
(
2
)
(6
)
Loss on indexed debt securities
—
—
193
Gain on TW Securities
236
—
—
Balance at December 31, 2013
767
143
455
Accretion of debt component of ZENS
—
26
—
2% interest paid
—
(
17
)
—
Loss on indexed debt securities
—
—
86
Gain on TW Securities
163
—
—
Balance at December 31, 2014
$
930
$
152
$
541
(11)
Equity