Entergy 2005 Annual Report Download - page 67

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ENTERGY CORPORATION AND SUBSIDIARIES 2005
*
63
Net property, plant, and equipment (including property under capital lease and accumulated amortization) by business segment and functional
category, as of December 31, 2005 and 2004, is shown below (in millions):
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 2.7% in 2005 and 2.8% in 2004 and 2003. Included in these rates
are the depreciation rates on average depreciable utility property of 2.6% in 2005, 2.7% in 2004, and 2.8% in 2003 and the depreciation rates
on average depreciable non-utility property of 3.2% in 2005, 3.8% in 2004, and 3.3% in 2003.
Non-utility property – at cost (less accumulated depreciation) is reported net of accumulated depreciation of $162.2 million and
$152.8 million as of December 31, 2005 and 2004, respectively.
JOINTLY-OWNED GENERATING STATIONS
Certain Entergy subsidiaries jointly own electric generating facilities with third parties. The investments and expenses associated with these
generating stations are recorded by the Entergy subsidiaries to the extent of their respective undivided ownership interests. As of December
31, 2005, the subsidiaries’ investment and accumulated depreciation in each of these generating stations were as follows ($ in millions):
NOTES to CONSOLIDATED FINANCIAL STATEMENTS continued
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) $3,680 $1,890
Independence Units 1 and 2 Coal 1,630 47.90% $ 466 $ 260
White Bluff Units 1 and 2 Coal 1,635 57.00% $ 430 $ 277
Roy S. Nelson Unit 6 Coal 550 70.00% $ 405 $ 249
Big Cajun 2 Unit 3 Coal 575 42.00% $ 233 $ 134
Energy Commodity Services:
Harrison County Gas 550 60.90% $ 179 $ 10
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.
Non-
U.S. Utility
2005 Entergy Utility Nuclear All Other
Production
Nuclear $ 7,390 $ 5,955 $1,435 $ –
Other 1,590 1,321 – 269
Transmission 2,394 2,394 – –
Distribution 4,599 4,599 – –
Other 992 989 – 3
Construction work
in progress 1,524 1,268 232 24
Nuclear fuel
(leased and owned) 708 373 335 –
Property, plant,
and equipment – net $19,197 $16,899 $2,002 $296
Non-
U.S. Utility
2004 Entergy Utility Nuclear All 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 30
Nuclear fuel
(leased and owned) 583 297 286 –
Asset retirement
obligation 97 97 – –
Property, plant,
and equipment – net $18,696 $16,502 $1,851 $343