CenterPoint Energy 2015 Annual Report Download - page 125

(2) CenterPointEnergyrecognized$862million($537millionaftertax)inimpairmentchargesrelatedtoEnableduringthethreemonthsendedSeptember
30,2015.
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(3) CenterPointEnergyrecognized$984million($620millionaftertax)inimpairmentchargesrelatedtoEnableduringthethreemonthsendedDecember
31,2015.
(4) CenterPointEnergyrecognizeda$29milliondeferredincometaxbenefituponcompletionofitstaxbasisbalancesheetreview.
(17) Reportable Business Segments
CenterPointEnergy’sdeterminationofreportablebusinesssegmentsconsidersthestrategicoperatingunitsunderwhichCenterPointEnergymanagessales,
allocatesresourcesandassessesperformanceofvariousproductsandservicestowholesaleorretailcustomersindifferingregulatoryenvironments.CenterPoint
Energyusesoperatingincomeasthemeasureofprofitorlossforitsbusinesssegments.
CenterPointEnergy’sreportablebusinesssegmentsincludethefollowing:ElectricTransmission&Distribution,NaturalGasDistribution,EnergyServices,
MidstreamInvestmentsandOtherOperations.Theelectrictransmissionanddistributionfunction(CenterPointHouston)isreportedintheElectricTransmission&
Distributionbusinesssegment.NaturalGasDistributionconsistsofintrastatenaturalgassalesto,andnaturalgastransportationanddistributionfor,residential,
commercial, industrial and institutional customers. Energy Services represents CenterPoint Energy’s non-rate regulated gas sales and services operations.
MidstreamInvestmentsconsistsofCenterPointEnergy’sinvestmentinEnable.OtherOperationsconsistsprimarilyofothercorporateoperationswhichsupportall
ofCenterPointEnergy’sbusinessoperations.
PriortoMay1,2013,CenterPointEnergyalsoreportedanInterstatePipelinesbusinesssegment,whichincludedCenterPointEnergy’sinterstatenaturalgas
pipelineoperations,andaFieldServicesbusinesssegment,whichincludedCenterPointEnergy’snon-rateregulatednaturalgasgathering,processingandtreating
operations. The formation of Enable closed on May 1, 2013. Enable now owns substantially all of CenterPoint Energy’s former Interstate Pipelines and Field
Services business segments. As a result, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable under its
MidstreamInvestmentssegment,andnolongerhasInterstatePipelinesandFieldServicesreportingsegmentsprospectively.
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.
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