Dominion Power 2001 Annual Report Download - page 83

•2001 provision for credit exposure in connection with
Enron bankruptcy (see Note 15);
•2001 and 2000 impairment and re-valuation of DCI’s
assets (see Note 8);
•2000 cumulative effect of a change in accounting principle
(see Note 3); and
•1999 extraordinary item—discontinuance of SFAS No. 71
(see Note 9).
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The following table presents segment information pertaining to Dominion’s operations:
Dominion Dominion Dominion Dominion Corporate Consolidated
(millions, except total assets) Energy Delivery E&P Capital and Other Eliminations Total
2001
Revenue from external customers:
Regulated electric sales $3,475 $1,144 ———— $ 4,619
Regulated gas sales — 1,409 ———— 1,409
Nonregulated electric sales 680 ——— $21 — 701
Nonregulated gas sales 1,047 4 $ 65 ——— 1,116
Gas transportation and storage 404 298 ———— 702
Gas and oil production —— 1,118 ——— 1,118
Other revenue 395 93 171 $234 —— 893
Total revenue from external customers 6,001 2,948 1,354 234 21 — 10,558
Intersegment revenue 143 15 106 — 626 $ (890) —
Total operating revenue 6,144 2,963 1,460 234 647 (890) 10,558
Interest expense 275 208 64 83 474 (205) 899
Depreciation, depletion, and amortization 379 339 364 28 135 — 1,245
Equity in earnings of equity method investees 39 (3) 5 — 2 — 43
Income tax expense (benefit) 477 200 145 (19) (433) — 370
Net Income 723 366 320 (14) (851) — 544
Investment in equity method investees 135 103 71 105 76 — 490
Capital expenditures 793 435 898 — 42 — 2,168
Total assets (billions) 13.2 8.5 7.4 1.3 18.4 (14.4) 34.4
2000
Revenue from external customers:
Regulated electric sales 3,341 1,151 ———— 4,492
Regulated gas sales — 1,374 ———— 1,374
Nonregulated electric sales 317 ——— 1 — 318
Nonregulated gas sales 614 (9) 66 ——— 671
Gas transportation and storage 290 197 —— (1) — 486
Gas and oil production (13) — 870 ——— 857
Other revenue 182 85 343 433 5 — 1,048
Total revenue from external customers 4,731 2,798 1,279 433 5 — 9,246
Intersegment revenue 163 28 51 — 398 (640) —
Total operating revenue 4,894 2,826 1,330 433 403 (640) 9,246
Interest expense 225 204 83 192 379 (125) 958
Depreciation, depletion, and amortization 340 318 352 34 132 — 1,176
Equity in earnings of equity method investees 23 — 12 6 6 — 47
Income tax expense (benefit) 262 187 97 12 (375) — 183
Net Income 489 339 255 11 (658) — 436
Investment in equity method investees 223 — 71 111 66 — 471
Capital expenditures 330 457 751 5 22 — 1,565
Total assets (billions) 10.5 8.5 3.2 2.0 14.2 (9.1) 29.3
1999
Revenue from external customers:
Regulated electric sales 3,121 1,109 ———— 4,230
Nonregulated electric sales 346 ————— 346
Gas and oil production —— 251 ——— 251
Other revenue 178 28 5 473 9 — 693
Total revenue from external customers 3,645 1,137 256 473 9 — 5,520
Intersegment revenue — 23 ——— (23) —
Total operating revenue 3,645 1,160 256 473 9 (23) 5,520
Interest expense 173 141 39 152 28 (26) 507
Depreciation, depletion, and amortization 313 246 84 32 32
— 707
Equity in earnings of equity method investees 14 — 5410 — 33
Income tax expense (benefit) 161 109 (29) 35 (17) — 259
Net Income 271 175 44 78 (271) — 297
Capital expenditures 461 317 86 9 21 — 894