CenterPoint Energy 2014 Annual Report Download - page 60
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Interstate Pipelines
Substantially all of our Interstate Pipelines business segment was contributed to Enable on May 1, 2013. As a result, this segment did not
report operating results for 2014. The following table provides summary data of our Interstate Pipelines business segment for 2013 and 2012
(in
millions, except throughput data):
_____________
(1) Represents January 2013 through April 2013 results only.
2013 Compared to 2012. Our Interstate Pipeline business segment reported operating income of $72 million
for 2013 compared to
$207 million for 2012. Substantially all of this segment was contributed to Enable on May 1, 2013. As a result, 2013 is not comparable to the
prior year. Effective May 1, 2013, our equity method investment and related equity income in Enable are included in our Midstream Investments
segment.
Equity Earnings.
This business segment recorded equity income of $7 million and $26 million for the years ended December 31, 2013 and
2012, respectively, from its interest in Southeast Supply Header, LLC (SESH), a jointly-
owned pipeline. The decrease in equity income was
primarily due to the contribution of a 24.95% interest in SESH to Enable on May 1, 2013. Beginning May 1, 2013, equity earnings related to our
interest in SESH and Enable are reported as components of equity income in our Midstream Investments segment.
53
Year Ended December 31,
2013 (1)
2012
Revenues
$
186
$
502
Expenses:
Natural gas
35
57
Operation and maintenance
51
153
Depreciation and amortization
20
56
Taxes other than income taxes
8
29
Total expenses
114
295
Operating Income
$
72
$
207
Equity in earnings of unconsolidated affiliates
$
7
$
26
Transportation throughput (in Bcf)
482
1,367