CenterPoint Energy 2013 Annual Report Download - page 137

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115
closed on May 1, 2013. Enable now owns substantially all of CenterPoint Energy’s former Interstate Pipelines and Field Services
business segments, except for the retained 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 retained interest in SESH under a new
Midstream Investments segment, and no longer has Interstate Pipelines and Field Services reporting segments prospectively. See
Note 9 for further discussion on Enable formation.
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, 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 (2) (4).................... 133 53 20 72 — 29
Field Services (3) (4) ........................... 178 18 20 73 — 16
Midstream Investments (5) .................. — — — — 4,518 —
Other .................................................... 14 — 39 (18) 3,026 (6) 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 (2) ......................... 356 146 56 207 4,004 132
Field Services (3) ................................. 467 39 50 214 2,453 52
Other .................................................... 11 — 36 2 2,600 (6) 40
Reconciling Eliminations..................... — (233) — — (2,974) —
Consolidated ........................................ $ 7,452 $ — $ 1,050 $ 1,038 $ 22,871 $ 1,188
As of and for the year ended
December 31, 2011:
Electric Transmission & Distribution .. $ 2,337 (1) $ — $ 587 $ 623 $ 11,221 $ 538
Natural Gas Distribution...................... 2,823 18 166 226 4,636 295
Energy Services ................................... 2,488 23 5 6 1,089 5
Interstate Pipelines (2) ......................... 421 132 54 248 3,867 98
Field Services (3) ................................. 370 42 37 189 1,894 201
Other .................................................... 11 — 37 6 2,318 (6) 54
Reconciling Eliminations..................... — (215) — — (3,322) —
Consolidated ........................................ $ 8,450 $ — $ 886 $ 1,298 $ 21,703 $ 1,191
(1) Sales to affiliates of NRG in 2013, 2012 and 2011 represented approximately $658 million, $648 million and $594 million,
respectively, of CenterPoint Houston’ s transmission and distribution revenues. Sales to affiliates of Energy Future
Holdings Corp. in 2013, 2012 and 2011 represented approximately $167 million, $162 million and $182 million,
respectively, of CenterPoint Houston’ s transmission and distribution revenues. Sales to affiliates of Just Energy Group,
Inc. in 2013, 2012 and 2011 represented approximately $126 million, $102 million and $81 million, respectively, of
CenterPoint Houston’s transmission and distribution revenues.
(2) Interstate Pipelines recorded equity income of $7 million, $26 million and $21 million in the years ended December 31,
2013, 2012 and 2011, respectively, from its 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 $404 million and $409 million as of December 31, 2012 and 2011 and is included in Investment in
unconsolidated affiliates. As discussed above, effective May 1, 2013, CenterPoint Energy reports equity earnings