CenterPoint Energy 2010 Annual Report Download - page 142

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120
CENTERPOINT ENERGY, INC.
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF
CENTERPOINT ENERGY, INC. (PARENT COMPANY)
STATEMENTS OF INCOME
For the Year Ended December 31,
2008
2009
2010
(in millions)
Expenses:
Operation and Maintenance Expenses ....................................................................................
$ (12)
$ (17)
$ (12)
Taxes Other than Income ........................................................................................................
1
—
—
Total ....................................................................................................................................
(11)
(17)
(12)
Other Income (Expense):
Interest Income from Subsidiaries ..........................................................................................
12
8
8
Other Expense .........................................................................................................................
(5)
(5)
(8)
Gain (Loss) on Indexed Debt Securities .................................................................................
128
(68)
(31)
Interest Expense to Subsidiaries .............................................................................................
(38)
(25)
(26)
Interest Expense ......................................................................................................................
(162)
(149)
(132)
Total ....................................................................................................................................
(65)
(239)
(189)
Loss Before Income Taxes .........................................................................................................
(76)
(256)
(201)
Income Tax Benefit ................................................................................................................
32
113
79
Loss Before Equity in Subsidiaries ...........................................................................................
(44)
(143)
(122)
Equity Income of Subsidiaries ................................................................................................
490
515
564
Net Income ..................................................................................................................................
$ 446
$ 372
$ 442
See CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8