CenterPoint Energy 2008 Annual Report Download - page 130

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108
CENTERPOINT ENERGY, INC.
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF
CENTERPOINT ENERGY, INC. (PARENT COMPANY)
STATEMENTS OF INCOME
For the Year Ended December 31,
2006
2007
2008
(In millions)
Expenses:
Operation and Maintenance Expenses ................................................................
$ (19)
$ (17)
$ (12)
Taxes Other than Income ................................................................................................
(2)
(4)
1
Total ................................................................................................
(21)
(21)
(11)
Other Income (Expense):
Interest Income from Subsidiaries ................................................................
18
22
12
Other Income (Expense) ................................................................................................
6
1
(5)
Gain (Loss) on Indexed Debt Securities ................................................................
(80)
111
128
Interest Expense to Subsidiaries ................................................................
(69)
(67)
(38)
Interest Expense ................................................................................................
(196)
(219)
(160)
Distribution to ZENS Holders ................................................................
—
(27)
—
Total ................................................................................................
(321)
(179)
(63)
Loss Before Income Taxes ................................................................................................
(342)
(200)
(74)
Income Tax Benefit ................................................................................................
214
84
31
Loss Before Equity in Subsidiaries ................................................................
(128)
(116)
(43)
Equity Income of Subsidiaries ................................................................
560
515
490
Net Income ................................................................................................
$ 432
$ 399
$ 447
See CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8