CenterPoint Energy 2012 Annual Report Download - page 65

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43
Future Sources and Uses of Cash
Our liquidity and capital requirements are affected primarily by our results of operations, capital expenditures, debt service
requirements, tax payments, working capital needs and various regulatory actions. Our principal anticipated cash requirements
for 2013 include the following:
• capital expenditures of approximately $1.7 billion;
• the retirement of CenterPoint Houston and CERC long-term debt aggregating $815 million;
• scheduled principal payments on transition and system restoration bonds of $447 million;
• pension contributions aggregating approximately $83 million; and
• dividend payments on CenterPoint Energy common stock and interest payments on debt.
We expect that cash on hand, borrowings under our credit facilities, proceeds from commercial paper and anticipated cash
flows from operations will be sufficient to meet our anticipated cash needs in 2013. Cash needs or discretionary financing or
refinancing may result in the issuance of equity or debt securities in the capital markets or the arrangement of additional credit
facilities. Issuances of equity or debt in the capital markets, funds raised in the commercial paper markets and additional credit
facilities may not, however, be available to us on acceptable terms.
The following table sets forth our capital expenditures for 2012 and estimates of our capital expenditures for currently identified
or planned projects for 2013 through 2017 (in millions):
2012 2013 2014 2015 2016 2017
Electric Transmission & Distribution............... $ 599 $ 720 $ 677 $ 557 $ 534 $ 512
Natural Gas Distribution .................................. 359 422 420 400 387 393
Competitive Natural Gas Sales and Services... 6 9 25 37 36 11
Interstate Pipelines ........................................... 132 201 212 128 136 126
Field Services................................................... 52 271 114 88 70 71
Other Operations .............................................. 40 43 30 45 56 52
Total
............................................................... $ 1,188 $ 1,666 $ 1,478 $ 1,255 $ 1,219 $ 1,165
Our capital expenditures are expected to be used for investment in infrastructure for our electric transmission and distribution
operations, and our natural gas transmission, distribution and gathering operations. These capital expenditures are anticipated to
maintain reliability and safety as well as expand our systems through value-added projects.