CenterPoint Energy 2015 Annual Report Download - page 56
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Please find page 56 of the 2015 CenterPoint Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Electric Transmission & Distribution
ThefollowingtablesprovidesummarydataofourElectricTransmission&Distributionbusinesssegmentfor2015,2014and2013:
Year Ended December 31,
2015
2014
2013
Revenues: (in millions, except throughput and customer data)
Electrictransmissionanddistributionutility $ 2,364
$ 2,279
$ 2,063
Transitionandsystemrestorationbondcompanies 481
566
507
Totalrevenues 2,845
2,845
2,570
Expenses:
Operationandmaintenance,excludingtransitionandsystemrestorationbondcompanies 1,300
1,251
1,045
Depreciationandamortization,excludingtransitionandsystemrestorationbondcompanies 340
327
319
Taxesotherthanincometaxes 222
224
225
Transitionandsystemrestorationbondcompanies 376
448
374
Totalexpenses 2,238
2,250
1,963
OperatingIncome $ 607
$ 595
$ 607
OperatingIncome:
Electrictransmissionanddistributionoperations $ 502
$ 477
$ 474
Transitionandsystemrestorationbondcompanies(1) 105
118
133
Totalsegmentoperatingincome $ 607
$ 595
$ 607
Throughput(ingigawatt-hours(GWh)):
Residential 28,995
27,498
27,485
Total 84,191
81,839
79,985
Numberofmeteredcustomersatendofperiod:
Residential 2,079,899
2,033,027
1,982,699
Total 2,348,517
2,299,247
2,244,289
(1) Representstheamountnecessarytopayinterestonthetransitionandsystemrestorationbonds.
2015 Compared to 2014 . OurElectricTransmission&Distributionbusinesssegmentreportedoperatingincomeof$607millionfor2015,consistingof
$502millionfromourregulatedelectrictransmissionanddistributionutilityoperations(TDU)and$105millionrelatedtotransitionandsystemrestorationbond
companies(Bond Companies).For2014,operatingincome totaled$595million,consisting of $477millionfromtheTDU and$118millionrelatedtoBond
Companies.
TDUoperatingincomeincreased$25millionduetothefollowingkeyfactors:
• highertransmission-relatedrevenuesof$81million,whichwerepartiallyoffsetbyincreasedtransmissioncostsbilledbytransmissionprovidersof$47
million;
• customergrowthof$25millionfromtheadditionofnearly50,000newcustomers;
• higherusageof$17million,primarilyduetoareturntonormalweather;and
• ratereliefassociatedwithdistributioncapitalinvestmentsof$5million.
Theseincreasestooperatingincomewerepartiallyoffsetbythefollowing:
• lowerequityreturnof$20million,primarilyrelatedtotrue-upproceeds;
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