Entergy 2003 Annual Report Download - page 59

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57
ENTERGY CORPORATION AND SUBSIDIARIES 2003
Net property, plant, and equipment by business segment and functional category, as of December 31, 2003 and 2002, is
shown below (in millions):
Non- Energy Parent
U.S. Utility Commodity and
2003 Entergy Utility Nuclear Services Other
Production
Nuclear $ 7,056 $ 6,112 $ 944 $ – $ –
Other 1,816 1,359 – 457 –
Transmission 2,067 2,067 – – –
Distribution 4,231 4,231 – – –
Other 1,079 1,069 – – 10
Construction work
in progress 1,381 954 398 – 29
Nuclear fuel
(leased and owned) 513 298 215 – –
Asset retirement
obligation (1) 156 155 – 1 –
Property, plant,
and equipment - net $18,299 $16,245 $1,557 $458 $39
Non- Energy Parent
U.S. Utility Commodity and
2002 Entergy Utility Nuclear Services Other
Production
Nuclear $ 7,472 $ 6,314 $1,158 $ – $ –
Other 1,616 1,382 – 234 –
Transmission 1,851 1,851 – – –
Distribution 4,037 4,037 – – –
Other 933 929 – – 4
Construction work
in progress 1,233 797 216 192 28
Nuclear fuel
(leased and owned) 523 284 239 – –
Property, plant,
and equipment - net $17,665 $15,594 $1,613 $426 $32
(1) This is reflected in electric property, plant, and equipment and accumulated depreciation and amortization on the balance sheet.
Depreciation is computed on the straight-line basis at rates based on the estimated service lives of the various classes of
property. Depreciation rates on average depreciable property approximated 2.8% in 2003 and 2.9% in 2002 and 2001. Included
in these rates are the depreciation rates on average depreciable utility property of 2.8% in 2003, 2002, and 2001 and the
depreciation rates on average depreciable non-utility property of 3.3% in 2003, 4.0% in 2002, and 4.8% in 2001.
JOINTLY-OWNED GENERATING STATIONS
Certain Entergy subsidiaries jointly own electric generating facilities with third parties. The investments and expenses
associated with these generating stations are recorded by the Entergy subsidiaries to the extent of their respective undivided
ownership interests. As of December 31, 2003, the subsidiaries’ investment and accumulated depreciation in each of these
generating stations were as follows ($ in millions):
Total
Megawatt Accumulated
Generating Stations Fuel-Type Capability(1) Ownership Investment Depreciation
Grand Gulf Unit 1 Nuclear 1,207 90.00%(2) $3,672 $1,673
Independence Units 1 and 2 Coal 1,630 47.90% 459 240
White Bluff Units 1 and 2 Coal 1,635 57.00% 423 256
Roy S. Nelson Unit 6 Coal 550 70.00% 404 234
Big Cajun 2 Unit 3 Coal 575 42.00% 233 123
Harrison County Gas 550 70.00% 230 3
(1) “Total Megawatt Capability” is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments)
that each station was designed to utilize.
(2) Includes an 11.5% leasehold interest held by System Energy. System Energy’s Grand Gulf 1 lease obligations are discussed in Note 10 to the consolidated financial statements.