CenterPoint Energy 2010 Annual Report Download - page 137

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115
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
Total
Assets
Expenditures
for Long-Lived
Assets
As of and for the year ended
December 31, 2008:
Electric Transmission &
Distribution ..........................................................
$ 1,916(1)
$ —
$ 460
$ 545
$ 8,880
$ 481(5)
Natural Gas Distribution .........................................
4,217
9
157
215
4,961
214
Competitive Natural Gas Sales and
Services ................................................................
4,488
40
3
62
1,315
8
Interstate Pipelines(2) .............................................
477
173
46
293
3,578
189
Field Services(3) .....................................................
213
39
12
147
826
122
Other.......................................................................
11
—
30
11
2,185(4)
39
Reconciling Eliminations .......................................
—
(261)
—
—
(2,069)
—
Consolidated ...........................................................
$ 11,322
$ —
$ 708
$ 1,273
$ 19,676
$ 1,053
As of and for the year ended
December 31, 2009:
Electric Transmission &
Distribution ..........................................................
$ 2,013(1)
$ —
$ 480
$ 545
$ 9,755
$ 428(5)
Natural Gas Distribution .........................................
3,374
10
161
204
4,535
165
Competitive Natural Gas Sales and
Services ................................................................
2,215
15
4
21
1,176
2
Interstate Pipelines(2) .............................................
456
142
48
256
3,484
176
Field Services(3) .....................................................
212
29
15
94
1,045
348
Other.......................................................................
11
—
35
4
2,261(4)
29
Reconciling Eliminations .......................................
—
(196)
—
—
(2,483)
—
Consolidated ...........................................................
$ 8,281
$ —
$ 743
$ 1,124
$ 19,773
$ 1,148
As of and for the year ended
December 31, 2010:
Electric Transmission &
Distribution ..........................................................
$ 2,205(1)
$ —
$ 582
$ 567
$ 9,817
$ 463
Natural Gas Distribution .........................................
3,199
14
166
231
4,575
202
Competitive Natural Gas Sales and
Services ................................................................
2,617
34
4
16
1,190
2
Interstate Pipelines(2) .............................................
464
137
52
270
3,672
102
Field Services(3) .....................................................
289
49
25
151
1,803
668
Other.......................................................................
11
—
35
14
2,184(4)
25
Reconciling Eliminations .......................................
—
(234)
—
—
(3,130)
—
Consolidated ...........................................................
$ 8,785
$ —
$ 864
$ 1,249
$ 20,111
$ 1,462
__________
(1) Sales to subsidiaries of NRG Retail LLC, the successor to RRI’s Texas retail business, in 2008, 2009 and
2010 represented approximately $635 million, $634 million and $583 million, respectively, of CenterPoint
Houston’s transmission and distribution revenues. Sales to subsidiaries of TXU Energy Retail Company
LLC in 2008, 2009 and 2010 represented approximately $151 million, $182 million and $185 million,
respectively, of CenterPoint Houston’s transmission and distribution revenues.
(2) Interstate Pipelines recorded equity income of $36 million, $7 million, and $19 million (including
$33 million related to pre-operating allowance for funds used during construction during 2008) in the years
ended December 31, 2008, 2009 and 2010, respectively, from its 50% interest in SESH, a jointly-owned
pipeline. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other
Income (Expense) caption. Interstate Pipelines’ investment in SESH was $307 million, $422 million and
$413 million as of December 31, 2008, 2009 and 2010 and is included in Investment in unconsolidated
affiliates.
(3) Field Services recorded equity income of $15 million, $8 million and $10 million for the years ended
December 31, 2008, 2009 and 2010, respectively, from its 50% interest in a jointly-owned gas processing
plant. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other
Income (Expense) caption. Field Services’ investment in the jointly-owned gas processing plant was