Entergy 2004 Annual Report Download - page 57

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Entergy Corporation and Subsidiaries 2004
-55 -
Net property, plant, and equipment by business segment and functional category, as of December 31, 2004 and 2003, is shown below
(in millions):
Non- Energy Parent
U.S. Utility Commodity and
2004 Entergy Utility Nuclear Services Other
Production
Nuclear $ 7,308 $ 5,987 $1,321 $ – $ –
Other 1,533 1,228 – 305 –
Transmission 2,182 2,182 – – –
Distribution 4,672 4,672 – – –
Other 1,123 1,115 – – 8
Construction work
in progress 1,198 924 244 2 28
Nuclear fuel
(leased and owned) 583 297 286 – –
Asset retirement
obligation 97 97 – – –
Property, plant,
and equipment - net $18,696 $16,502 $1,851 $307 $36
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 156 155 – 1 –
Property, plant,
and equipment - net $18,299 $16,245 $1,557 $458 $39
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 2004 and 2003, and 2.9% in 2002. Included in these rates are the
depreciation rates on average depreciable utility property of 2.7% in 2004 and 2.8% in 2003 and 2002 and the depreciation rates on
average depreciable non-utility property of 3.8% in 2004, 3.3% in 2003, and 4.0% in 2002.
Non-utility property – at cost (less accumulated depreciation) is reported net of accumulated depreciation of $152.8 million and
$145.2 million as of December 31, 2004 and 2003, respectively.
Jointly-Owned Generating Stations
Certain Entergy subsidiaries jointly own electric generating facilities with third parties. The investments and expenses associated with these
generating stations are recorded by the Entergy subsidiaries to the extent of their respective undivided ownership interests. As of December
31, 2004, the subsidiaries’ investment and accumulated depreciation in each of these generating stations were as follows ($ in millions):
Total
Megawatt Accumulated
Generating Stations Fuel-Type Capability(1) Ownership Investment Depreciation
U.S. Utility:
Grand Gulf Unit 1 Nuclear 1,270 90.00%(2) $3,702 $1,780
Independence Units 1 and 2 Coal 1,630 47.90% $ 462 $ 249
White Bluff Units 1 and 2 Coal 1,635 57.00% $ 428 $ 264
Roy S. Nelson Unit 6 Coal 550 60.90% $ 403 $ 241
Big Cajun 2 Unit 3 Coal 575 42.00% $ 233 $ 128
Energy Commodity Services:
Harrison County Gas 550 61.00% $ 209 $ 7
Warren Gas 300 75.00% $ 24 $ 9
(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 lease obligations are discussed in Note 9 to the consolidated financial
statements.
NOTES to CONSOLIDATED FINANCIAL STATEMENTS continued