CenterPoint Energy 2014 Annual Report Download - page 127

except for a 0.1%
interest in SESH. As a result, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in
Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has Interstate Pipelines
and Field Services reporting segments prospectively.
Long-
lived assets include net property, plant and equipment, goodwill and other intangibles and equity investments in unconsolidated
subsidiaries. Intersegment sales are eliminated in consolidation.
Financial data for business segments and products and services are as follows (in millions):
Revenues
from
External
Customers
Intersegment
Revenues
Depreciation
and
Amortization
Operating
Income (Loss)
Total
Assets
Expenditures
for Long-Lived
Assets
As of and for the year ended
December 31, 2014:
Electric Transmission & Distribution
$
2,845
(1)
$
—
$
768
$
595
$
10,066
$
818
Natural Gas Distribution
3,271
30
201
287
5,464
525
Energy Services
3,095
84
5
52
978
3
Midstream Investments (2) —
—
—
—
4,521
—
Other
15
—
39
1
3,368
(3)
56
Reconciling Eliminations — (
114
)
—
— (
1,197
)
—
Consolidated
$
9,226
$
—
$
1,013
$
935
$
23,200
$
1,402
As of and for the year ended
December 31, 2013:
Electric Transmission & Distribution
$
2,570
(1)
$
—
$
685
$
607
$
9,605
$
759
Natural Gas Distribution
2,837
26
185
263
4,976
430
Energy Services
2,374
27
5
13
895
3
Interstate Pipelines (4) (6)
133
53
20
72
—
29
Field Services (5) (6)
178
18
20
73
—
16
Midstream Investments (2) —
—
—
—
4,518
—
Other
14
—
39
(18
)
3,026
(3)
35
Reconciling Eliminations — (
124
)
—
— (
1,150
)
—
Consolidated
$
8,106
$
—
$
954
$
1,010
$
21,870
$
1,272
As of and for the year ended
December 31, 2012:
Electric Transmission & Distribution
$
2,540
(1)
$
—
$
729
$
639
$
11,174
$
599
Natural Gas Distribution
2,320
22
173
226
4,775
359
Energy Services
1,758
26
6
(250
)
839
6
Interstate Pipelines (4)
356
146
56
207
4,004
132
Field Services (5)
467
39
50
214
2,453
52
Other
11
—
36
2
2,600
(3)
40
Reconciling Eliminations —
(
233
)
—
— (
2,974
)
—
Consolidated
$
7,452
$
—
$
1,050
$
1,038
$
22,871
$
1,188
(1) Sales to affiliates of NRG in 2014 , 2013 and 2012 represented approximately $735 million , $658 million and $648 million
,
respectively, of CenterPoint Houston’
s transmission and distribution revenues. Sales to affiliates of Energy Future Holdings Corp. in
2014 , 2013 and 2012 represented approximately $189 million , $167 million and $162 million , respectively, of CenterPoint Houston’
s
transmission and distribution revenues.
(2) Midstream Investments reported equity earnings of $303 million from Enable and $5 million
of equity earnings from CenterPoint
Energy’s interest in SESH for the year ended December 31, 2014 . Midstream Investments reported equity earnings of
$173 million
from Enable and $8 million of equity earnings from CenterPoint Energy’s interest in SESH for the eight months ended
December 31,
2013 . Included in total assets of Midstream Investments as of December 31, 2014 and 2013 is $4,520 million and $4,319 million
,
respectively, related to CenterPoint Energy’s investment in Enable and $1 million and $199 million related to CenterPoint Energy’
s
retained interest in SESH, respectively.
(3) Included in total assets of Other Operations as of December 31, 2014 , 2013 and 2012
, are pension and other postemployment related
regulatory assets of $795 million , $627 million and $832 million , respectively.