CenterPoint Energy 2015 Annual Report Download - page 56

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Electric Transmission & Distribution
ThefollowingtablesprovidesummarydataofourElectricTransmission&Distributionbusinesssegmentfor2015,2014and2013:
Year Ended December 31,
2015
2014
2013
Revenues: (in millions, except throughput and customer data)
Electrictransmissionanddistributionutility $ 2,364
$ 2,279
$ 2,063
Transitionandsystemrestorationbondcompanies 481
566
507
Totalrevenues 2,845
2,845
2,570
Expenses:
Operationandmaintenance,excludingtransitionandsystemrestorationbondcompanies 1,300
1,251
1,045
Depreciationandamortization,excludingtransitionandsystemrestorationbondcompanies 340
327
319
Taxesotherthanincometaxes 222
224
225
Transitionandsystemrestorationbondcompanies 376
448
374
Totalexpenses 2,238
2,250
1,963
OperatingIncome $ 607
$ 595
$ 607
OperatingIncome:
Electrictransmissionanddistributionoperations $ 502
$ 477
$ 474
Transitionandsystemrestorationbondcompanies(1) 105
118
133
Totalsegmentoperatingincome $ 607
$ 595
$ 607
Throughput(ingigawatt-hours(GWh)):
Residential 28,995
27,498
27,485
Total 84,191
81,839
79,985
Numberofmeteredcustomersatendofperiod:
Residential 2,079,899
2,033,027
1,982,699
Total 2,348,517
2,299,247
2,244,289
(1) Representstheamountnecessarytopayinterestonthetransitionandsystemrestorationbonds.
2015 Compared to 2014 . OurElectricTransmission&Distributionbusinesssegmentreportedoperatingincomeof$607millionfor2015,consistingof
$502millionfromourregulatedelectrictransmissionanddistributionutilityoperations(TDU)and$105millionrelatedtotransitionandsystemrestorationbond
companies(Bond Companies).For2014,operatingincome totaled$595million,consisting of $477millionfromtheTDU and$118millionrelatedtoBond
Companies.
TDUoperatingincomeincreased$25millionduetothefollowingkeyfactors:
• highertransmission-relatedrevenuesof$81million,whichwerepartiallyoffsetbyincreasedtransmissioncostsbilledbytransmissionprovidersof$47
million;
• customergrowthof$25millionfromtheadditionofnearly50,000newcustomers;
• higherusageof$17million,primarilyduetoareturntonormalweather;and
• ratereliefassociatedwithdistributioncapitalinvestmentsof$5million.
Theseincreasestooperatingincomewerepartiallyoffsetbythefollowing:
• lowerequityreturnof$20million,primarilyrelatedtotrue-upproceeds;
52