UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form U-5S/A AMENDMENT NO. 1 TO ANNUAL REPORT For the year ended December 31, 2004 Filed pursuant to the Public Utility Holding Company Act of 1935 by CenterPoint Energy, Inc. 1111 Louisiana Houston, Texas 70002 Utility Holding, LLC 200 West Ninth Street Plaza Suite 411 Wilmington, Delaware 19801 -1-
The following sections of CenterPoint Energy, Inc.'s ("CenterPoint") Form U-5S for the year ended December 31, 2004, filed on May 2, 2004 with the Securities and Exchange Commission (the "Commission") are hereby amended or restated as indicated below. ITEM 6. OFFICERS AND DIRECTORS - PART I. The names, principal address and positions held as of December 31, 2004 of the officers and directors of system companies is presented in the tables on the following pages. The principal business address of each officer and director is indicated in such tables by the numbers (1) through (10). The addresses associated with these number designations are shown in the address key below. The symbols used to indicate the positions held by officers and directors are shown in the position symbol key below. CENTERPOINT UTILITY CNP CNP TRANSITION CENTERPOINT ENERGY SERVICE HOLDING, FUNDING CNP HOUSTON CNP TRANSITION BOND COMPANY II, DIRECTORS AND OFFICERS ENERGY, INC. COMPANY, LLC LLC COMPANY ELECTRIC, LLC BOND COMPANY LLC - -------------------------- ------------ -------------- -------- ------- ------------- -------------- ---------------- Milton Carroll (1) D, COB John T. Cater (1) D Derrill Cody (1) D O. Holcombe Crosswell (1) D Thomas F. Madison (1) D David M. McClanahan (1) D, P, CEO M, P, CEO D, C, P M, C Robert T. O'Connell (1) D Michael E. Shannon (1) D Scott E. Rozzell (1) EVP, GC, S EVP, GC, S VP, S EVP, GC, S EVP, GC, S Gary L. Whitlock (1) EVP, CFO EVP, CFO VP EVP, CFO M, P James S. Brian (1) SVP, CAO SVP, CAO SVP, CAO M, SVP, CAO Johnny L. Blau (1) SVP Preston Johnson, Jr. (1) SVP SVP Byron R. Kelley (1) SVP Thomas R. Standish (1) SVP SVP P, COO Bernard J. Angelo (9) M Patricia F. Genzel (2) M, P, S Andrew L. Stidd (9) M Jeff W. Bonham (1) VP VP Rick L. Campbell (1) VP Brenda S. Cauthen (1) VP VP Donato Cortez, Jr. (1) VP Walter L. Fitzgerald (1) VP, CO VP, CO VP, CO VP, CO -2-
Patricia F. Graham (1) VP John C. Houston (1) VP Marc Kilbride (1) VP, T VP, T VP, T VP, T M, VP, T M Deborah C. Korenek (1) VP Floyd J. LeBlanc, Jr. (1) VP VP Joseph B. McGoldrick (1) VP VP Doyle W. McQuillon (1) VP, GM Sharon Michael-Owens (1) VP H. Wayne Roesler (1) VP Steven H. Schuler (1) VP Rufus S. Scott (1) VP, DGC, AS VP, DGC, AS VP, AS VP, DGC, AS VP, DGC, AS Jim F. Schaefer (1) VP, GM Allan E. Schoeneberg (1) VP William J. Starr (1) VP VP C. Dean Woods (1) DVP Richard B. Dauphin (1) AS AS AS AS AS Gretchen H. Denum (1) AS AS Linda Geiger (1) AT AT AT AT AT Eva M. Brumfield (1) VP Leah R. Kasparek (1) VP Teresa L. Naylor (1) VP Kamini Patel (2) VP, AS DIRECTORS AND OFFICERS HI FINANCECO GP, LLC CNP AVCO HOLDINGS, LLC - ------------------------ -------------------- ---------------------- David M. McClanahan (1) P D,P Scott E. Rozzell (1) EVP, S VP, S Gary L. Whitlock (1) EVP, CFO James S. Brian (1) SVP, CAO Marc Kilbride (1) M, VP, T VP, T Rufus S. Scott (1) VP, AS VP, AS Allen E. Schoeneberg (1) VP Richard B. Dauphin (1) AS AS Linda Geiger (1) AT AT -3-
CNP INVESTMENT DIRECTORS AND OFFICERS CNP ENERGY, INC. (DE) MANAGEMENT, INC. - ------------------------ --------------------- ---------------- David M. McClanahan (1) D Scott E. Rozzell (1) Gary L. Whitlock (1) Patricia F. Genzel (2) D, P, S Mike W. Watters (1) D Marc Kilbride (1) Kamini D. Patel (2) VP, AS Richard B. Dauphin (1) Linda Geiger (1) DIRECTORS AND OFFICERS CNP POWER SYSTEMS, INC. CNP PRODUCTS, INC. CNP PROPERTIES, INC. CNP TEGCO, INC. - -------------------------- ----------------------- ------------------ -------------------- --------------- David M. McClanahan (1) C D, P D, C, P D, P Scott E. Rozzell (1) VP, S VP, S VP, S VP, S Wayne D. Stinnett, Jr. (1) D, VP Gary L. Whitlock (1) VP Preston Johnson, Jr. (1) D, VP Marc Kilbride (1) VP, T VP, T VP, T VP, T Allan E. Schoeneberg (1) VP Rufus S. Scott (1) VP, AS VP, AS VP, AS VP, AS Richard Snyder (1) P, COO Richard B. Dauphin (1) AS AS AS AS Linda Geiger (1) AT AT AT AT DIRECTORS AND OFFICERS NORAM ENERGY CORP. - ------------------------ ------------------ David M. McClanahan (1) P Scott E. Rozzell (1) VP, S James S. Brian (1) Marc Kilbride (1) VP, T Rufus S. Scott (1) Richard B. Dauphin (1) AS Linda Geiger (1) AT -4-
TEXAS GENCO UTILITY RAIL DIRECTORS AND OFFICERS HOLDINGS, INC. TEXAS GENCO GP, LLC TEXAS GENCO LP, LLC SERVICES, INC. - ------------------------- -------------- ------------------- ------------------- -------------- David M. McClanahan (1) C, P Scott E. Rozzell (1) EVP, GC, S EVP, GC, S VP, S David G. Tees (1) P, CEO M, P, CEO Gary L. Whitlock (1) EVP, CFO EVP, CFO James S. Brian (1) SVP, CAO SVP, CAO D, VP Patricia F. Genzel (2) M, P, S Walter L. Fitzgerald (1) VP, CO CP, CO Marc Kilbride (1) VP, T VP, T VP, T Joseph B. McGoldrick (1) VP Michael A. Reed (1) VP VP Rufus S. Scott (1) D, VP, DGC, AS VP, DGC, AS VP, AS William J. Starr (1) VP Jerome D. Svatek (1) VP VP Richard B. Dauphin (1) AS AS AS Linda Geiger (1) AT AT AT ARKANSAS CNP RESOURCES, ALG GAS SUPPLY ALLIED MATERIALS LOUISIANA FINANCE ARKLA INDUSTRIES, ARKLA PRODUCTS DIRECTORS AND OFFICERS CORP. COMPANY CORPORATION CORPORATION INC. COMPANY - ---------------------------- -------------- -------------- ---------------- ----------------- ----------------- -------------- David M. McClanahan (1) D, C, P, CEO D, C, CEO D, P Scott E. Rozzell (1) EVP, GC, S VP, S VP, S VP, S VP, S EVP, S Gary L. Whitlock (1) EVP, CFO D, VP D, VP James S. Brian (1) SVP, CAO D, VP D, VP D, VP D Preston Johnson, Jr. (1) SVP Gary M. Cerny (7) DP Constantine S. Liollio (1) DP D, P D, P D, P Georgianna E. Nichols (1) DP Jerry W. Plant (4) D, P Wayne D. Stinnett, Jr. (1) SVP D, VP -5-
Walter L. Fitzgerald (1) VP, CO Marc Kilbride (1) VP, T VP, T VP, T VP, T VP, T VP, T Rufus S. Scott (1) VP, DGC, AS VP, AS VP, AS VP, AS VP, AS William J. Starr (1) VP Brenda A. Bjorklund (7) AS Richard B. Dauphin (1) AS AS AS AS AS AS Daniel O. Hagen (7) AS George C. Hepburn, III (1) DVP, AS VP, AS Benjamin J. Reese (1) DVP Linda Geiger (1) AT AT AT AT AT AT Michelle Willis (3) AS CNP FIELD CNP GAS CNP ALTERNATIVE CNP CONSUMER CNP FIELD SERVICES PROCESSING, DIRECTORS AND OFFICERS FUELS, INC. GROUP, INC. SERVICES, INC. HOLDINGS, INC. INC. - ---------------------------- --------------- ------------ -------------- -------------- ----------- David M. McClanahan (1) D, P D, C Scott E. Rozzell (1) VP, S VP, S VP, S VP, S Gary M. Cerny (7) P Hugh G. Maddox (3) D, SVP, COO D, SVP, COO L. Patrick Giroir (1) VP Wayne D. Stinnett, Jr. (1) D, VP Cyril J. Zebot (1) D, VP Marc Kilbride (1) VP, T VP, T VP, T Peter M. Kirsch (1) VP William May (1) VP Andrea L. Newman (7) VP Rufus S. Scott (1) VP, AS VP, AS VP, AS Mark C. Schroeder (1) VP, GC, S VP, GS, S Kenneth H. Schmidt (1) T T Brenda A. Bjorklund (7) AS Douglas H. Darrow (1) AS AS Richard B. Dauphin (1) AS AS AS Linda Geiger (1) AT AT AT Michelle Willis (3) AS AS -6-
CNP GAS RECEIVABLES, CNP GAS TRANSMISSION CNP - ILLINOIS GAS DIRECTORS AND OFFICERS LLC COMPANY CNP HUB SERVICES, INC. TRANSMISSION COMPANY - --------------------------- -------------------- -------------------- ---------------------- -------------------- Byron R. Kelley (1) D, P Scott E. Rozzell (1) EVP, GC, S VP, S VP, S Gary L. Whitlock (1) M, P James S. Brian (1) SVP, CAO Frank B. Bilotta (8) IM Walter L. Ferguson (1) D, VP D, VP Willie D. Underwood (1) VP L. Patrick Giroir (1) VP Constantine S. Liollio (1) Benjamin J. Reese (1) Wayne D. Stinnett, Jr. (1) Cyril J. Zebot (1) VP D, VP VP Walter L. Fitzgerald (1) VP, CO Marc Kilbride (1) M, VP, T VP, T VP, T Rufus S. Scott (1) VP, DGC, AS VP, AS VP, AS Robert A. Trost (6) VP Mark C. Schroeder (1) VP, GC, S Kenneth H. Schmidt (1) T Douglas H. Darrow (1) AS Richard B. Dauphin (1) AS AS AS George C. Hepburn, III (1) Linda Geiger (1) AT AT AT Michelle Willis (3) AS -7-
PINE PIPELINE CNP INTRASTATE ACQUISITION CNP GAS SERVICES, CNP RETAIL CNP - MRT CNP MRT HOLDINGS, DIRECTORS AND OFFICERS HOLDINGS, LLC COMPANY INC. INTERESTS, INC. CORPORATION INC. - -------------------------- -------------- ------------- ----------------- --------------- ----------- ---------------- Byron R. Kelley (1) D, P Scott E. Rozzell (1) VP, S VP, S VP, S Walter L. Ferguson (1) D, VP Benjamin J. Reese (1) VP Wayne D. Stinnett, Jr. (1) D, P D, P Cyril J. Zebot (1) M, VP M, VP VP D, P Marc Kilbride (1) VP, T VP, T VP, T VP, T Rufus S. Scott (1) VP, AS VP, AS VP, AS Robert A. Trost (6) VP Mark C. Schroeder (1) VP, GC, S Kenneth H. Schmidt (1) T Douglas H. Darrow (1) AS Richard B. Dauphin (1) AS AS AS Linda Geiger (1) AT AT AT AT Michelle Willis (3) AS Sylvia Z. Zuroweste (6) AS James G. Beste (1) AS George C. Hepburn, III (1) VP, GC, S Edwin J. Spiegel (6) SVP Kevin J. Blase (6) VP CNP TRADING & TRANSPORTATION DIRECTORS AND OFFICERS CNP MRT SERVICES COMPANY CNP PIPELINE SERVICES, INC. CNP OQ, LLC GROUP, INC. - ----------------------- ------------------------ --------------------------- ----------- -------------- David M. McClanahan (1) D, P Byron R. Kelley (1) D, P Scott E. Rozzell (1) VP, S VP, S VP, S Walter L. Ferguson (1) VP D, VP Cyril J. Zebot (1) VP Frank J. Antoine (3) VP Marc Kilbride (1) VP, T VP, T VP, T Rufus S. Scott (1) VP, AS VP, AS VP, AS Robert A. Trost (6) D, VP, GM -8-
Mark C. Schroeder (1) VP, GC, S Kenneth H. Schmidt (1) T Douglas H. Darrow (1) AS Richard B. Dauphin (1) AS AS AS Linda Geiger (1) AT AT AT Michelle Willis (3) AS Sylvia Z. Zuroweste (6) AS ENTEX GAS ENTEX OIL & GAS CNP INTRASTATE DIRECTORS AND OFFICERS MARKETING COMPANY ENTEX NGV, INC. COMPANY INTEX, INC. PIPELINES, INC. - -------------------------- ----------------- --------------- --------------- ----------- --------------- David M. McClanahan (1) D, C, P D, P C, P Scott E. Rozzell (1) VP, S VP, S VP, S VP, S Benjamin J. Reese (1) VP VP VP Wayne D. Stinnett, Jr. (1) D, SVP D, VP D, SVP D, P D, P Marc Kilbride (1) VP, T VP, T VP, T VP, T VP, T Rufus S. Scott (1) VP, AS VP, AS VP, AS Richard B. Dauphin (1) AS AS AS AS AS George C. Hepburn, III (1) VP, AS VP, GC, S Linda Geiger (1) AT AT AT AT AT MINNESOTA INTRASTATE NATIONAL FURNACE NORAM UTILITY CNP FUNDS DIRECTORS AND OFFICERS PIPELINE COMPANY COMPANY SERVICES, INC. MANAGEMENT, INC. UNITED GAS, INC. - -------------------------- ---------------- ---------------- -------------- ---------------- ---------------- David M. McClanahan (1) D, C D, P D, P Scott E. Rozzell (1) VP, S VP, S VP, S VP, S Benjamin J. Reese (1) Wayne D. Stinnett, Jr. (1) James S. Brian (1) D Gary M. Cerny (7) D, P Andre Feldman D, P Phillip R. Hammond (7) D, VP Constantine S. Liollio (1) D, P Marc Kilbride (1) VP, T VP, T VP, T VP, T -9-
Rufus S. Scott (1) VP, AS VP, AS VP, AS VP, AS Brenda A. Bjorklund (7) AS Richard B. Dauphin (1) AS AS AS AS George C. Hepburn, III (1) Linda Geiger (1) AT AT AT AT CNP INTERNATIONAL, CNP INTERNATIONAL RE EL SALVADOR, S.A. CNP INTERNATIONAL II, DIRECTORS AND OFFICERS INC. HOLDINGS, LLC DE C.V. INC. HIE FORD HEIGHTS, INC. - ------------------------ ------------------ ----------------- -------------------- --------------------- ---------------------- David M. McClanahan (1) D, C, P Joseph B. McGoldrick (1) VP M, VP D, VP D, VP Scott E. Rozzell (1) EVP, S VP, S VP, S VP, S Gary L. Whitlock (1) D, EVP P P P Marc Kilbride (1) VP, T VP, T VP, T VP, T Steven H. Schuler (1) VP VP VP Rufus S. Scott (1) VP, AS VP, AS VP, AS VP, AS Richard B. Dauphin (1) AS AS AS AS Linda Geiger (1) AT AT AT AT CNP BLOCK 368 HIE FULTON, INTERNATIONAL DIRECTORS AND OFFICERS GP, LLC INC. SERVICES, INC. CNP LIGHT, INC. - ------------------------ ----------- ----------- -------------- --------------- Joseph B. McGoldrick (1) P D, VP D, VP D, VP Scott E. Rozzell (1) VP, S VP, S VP, S VP, S Gary L. Whitlock (1) P P P Marc Kilbride (1) VP, T VP, T VP, T VP, T Steven H. Schuler (1) M, VP VP VP D, VP Rufus S. Scott (1) VP, DGC, AS VP, AS VP, AS Douglas H. Darrow (1) Richard B. Dauphin (1) AS AS AS AS Linda Geiger (1) AT AT AT AT -10-
RE RE HIE BRASIL RE RE RE VENUS WORLDWIDE BRASIL, BRAZIL RIO SUL INTERNATIONAL BRAZIL COLOMBIA RE OUTSOURCE GENERATION EL ELECTRIC DIRECTORS AND OFFICERS LTDA. LTD. LTDA. BRASIL LTDA. TIETE LTD LTDA. LTD. SALVADOR HOLDINGS B.V. - ----------------------- ------- ------ ---------- ------------- --------- -------- ------------ ------------- ------------- Steven H. Schuler (1) DM D DM DM D D D -11-
A. POSITIONS CODES ADT Administrative Trustee AS Assistant Secretary AT Assistant Treasurer C Chairman CAO Chief Accounting Officer CEO Chief Executive Officer CFO Chief Financial Officer CIO Chief Information Officer CO Controller COB Chairman of the Board COO Chief Operating Officer D Director DGC Deputy General Counsel DM Delegate Member DTR Delaware Trustee DP Division President DVP Division Vice President EVP Executive Vice President GC General Counsel GM General Manager GP Group President IM Independent Manager M Manager P President S Secretary SVP Senior Vice President T Treasurer TR Trustee VP Vice President B. ADDRESS CODES 1 1111 Louisiana Houston, Texas 77002 2 1011 Centre Road Suite 324 Wilmington, Delaware 19805 3 525 Milam Street Shreveport, Louisiana 71101 - 12 -
4 2301 N. W. 39th Expressway, Suite 200 Oklahoma City, OK 73112 5 700 W. Linden Avenue Minneapolis, Minnesota 55403 6 9900 Clayton Road St. Louis, Missouri 63124 7 800 LaSalle Minneapolis, Minnesota 55402 8 114 West 47th Street, Suite 1715 New York, New York 10036 9 400 West Main Street, Suite 338 Babylon, New York 11702 ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS FINANCIAL STATEMENTS The consolidated financial statements for CenterPoint and its subsidiaries as of December 31, 2004 have heretofore been filed with the Commission and are incorporated herein by reference and made a part hereof by reference to CenterPoint's annual report on Form 10-K for the year ended December 31, 2004. The consolidating financial statements for CenterPoint and its subsidiaries as of December 31, 2004 are attached hereto as Exhibit F-7. EXHIBITS EXHIBIT F SCHEDULES SUPPORTING ITEMS OF THE REPORT F-1 Chart setting forth system companies and investments therein as of December 31, 2004. F-7 Consolidating financial statements for CenterPoint and its subsidiaries as of December 31, 2004. -13-
SIGNATURE Each undersigned system company has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company of 1935. The signature of each undersigned company shall be deemed to relate only to matters having reference to such company or its subsidiaries. CENTERPOINT ENERGY, INC., for itself and on behalf of UTILITY HOLDING, LLC By: /s/ Rufus S. Scott -------------------------------------------------- Name: Rufus S. Scott Title: Vice President, Deputy General Counsel and Assistant Corporate Secretary Date: May 17, 2005 -14-
. . . EXHIBIT F-1 File No. 030-00360 CENTERPOINT ENERGY, INC. (IN THOUSANDS) ----------------------------------------------- DECEMBER 2004 ENDING BALANCES ----------------------------------------------- DR/(CR) DR/(CR) ISSUER OWNER'S BOOK BOOK OWNERSHIP DOMICILE VALUE VALUE TEXAS --------- -------- ------------ ------------ SUBSIDIARIES/AFFILIATES: UTILITY HOLDING, LLC 100% Del 6,041,941.97 6,041,941.97 CenterPoint Energy Funding Company (f/k/a Houston Industries Funding Company) 100% Del 446.62 446.62 CenterPoint Energy Houston Electric, LLC 3 (formerly Reliant Energy, Incorporated) 100% Tex 2,033,494.46 2,033,494.46 CenterPoint Energy Transition Bond Company, LLC (f/k/a Reliant Energy Transition Bond Company, LLC) 100% Del 3,745.48 3,745.49 CenterPoint Energy Transition Bond Company II, LLC 100% Del -5.50 -5.50 Houston Industries FinanceCo GP, LLC 100% Del 0.00 0.00 Houston Industries FinanceCo LP (6) 99% Del 0.00 0.00 CenterPoint Energy,Service Company 100% Del 39,585.18 39,585.18 CenterPoint Energy Avco Holdings, LLC 100% Del -201.88 -201.88 CenterPoint Energy Investment Management, Inc. (f/k/a Reliant Energy Investment Management, Inc.) 100% Del 738,219.12 738,219.12 CenterPoint Energy Power Systems, Inc. (f/k/a Reliant Energy Power Systems, Inc.) 100% Del -1,761.94 -1,761.94 CenterPoint Energy Products, Inc. (f/k/a Reliant Energy Products, Inc.) 100% Del 181.33 181.33 CenterPoint Energy Properties, Inc. (f/k/a Reliant Energy Properties, Inc.) 100% Del 84,609.16 84,609.16 CenterPoint Energy Tegco, Inc. 2 (f/k/a Reliant Energy Tegco, Inc.) 100% Del 0.00 0.00 HL&P Capital Trust I 5 100% Del 0.00 0.00 HL&P Capital Trust II 5 100% Del 3,199.41 3,199.41 NorAm Energy Corp.2, 10 100% Del 0.00 0.00 REI Trust I 5 100% Del 0.00 0.00 Texas Genco Holdings, Inc. (22) 100% Tex 518,717.30 518,717.30 Texas Genco GP, LLC 100% Tex 3,757.31 3,757.31 Texas Genco LP, LLC 100% Del 387,263.75 387,263.74 Texas Genco, LP (16) (21) 99% Tex 459,415.14 387,595.43 Utility Rail Services, Inc. 100% Del 0.00 0.00 UFI Services, Inc. 100% Del Block 368 GP, LLC 100% Tex 0.00 0.00 Block 368, LP 99.5% Tex 0.00 0.00 CENTERPOINT ENERGY RESOURCES CORP. (f/k/a RELIANT ENERGY RESOURCES CORP.) 100% Del 2,539,146.82 2,539,146.82 Subsidiaries/Affiliates: ALG Gas Supply Company 100% Del 0.00 0.00 Allied Materials Corporation 100% Tex -2,051.52 -2,051.52 Arkansas Louisiana Finance Corporation 100% Del 1,565.20 1,565.20 Arkla Industries Inc.2 100% Del -10,463.40 -10,463.40 Arkla Products Company2 100% Del 0.00 0.00 CenterPoint Energy Alternative Fuels, Inc. (f/k/a Entex Fuels, Inc.) 100% Tex -3,244.09 -3,244.09 CenterPoint Energy Consumer Group, Inc. (f/k/a Reliant Energy Consumer Group, Inc.) 100% Del 0.00 0.00 CenterPoint Energy Field Services, Inc. (f/k/a Reliant Energy Field Services, Inc.) 100% Del 200,914.71 200,914.71 CenterPoint Energy Field Services Holdings, Inc. (f/k/a Reliant Energy Field Services Holdings, Inc.) 100% Del 0.00 0.00 CenterPoint Energy Gas Processing, Inc. (f/k/a Reliant Energy Gas Processing, Inc.) 100% Del 13,508.67 13,508.67 CenterPoint Energy Gas Receivables, LLC 100% Del 82,501.00 82,501.00 CenterPoint Energy Gas Transmission Company (f/k/a Reliant Energy Gas Transmission Company) 100% Del 796,211.39 796,211.39 CenterPoint Energy Hub Services, Inc. 2 (f/k/a Reliant Energy Hub Services, Inc.) 100% Del 0.00 0.00 CenterPoint Energy - Illinois Gas Transmission Company (f/k/a Illinois Gas Transmission Company) 100% Del -2,222.62 -2,222.62 CenterPoint Energy Intrastate Holdings, LLC (f/k/a Reliant Energy Intrastate Holdings, LLC) 100% Del -939.60 -939.60 Pine Pipeline Acquisition Company, LLC (19) 81.40% Del 925.19 753.10 CenterPoint Energy Gas Services, Inc. (f/k/a Reliant Energy Retail, Inc.) 100% Del 102,603.47 102,603.47 CenterPoint Energy Retail Interests, Inc. (f/k/a Reliant Energy Retail Interests, Inc.) 100% Del 0.00 0.00 CenterPoint Energy - Mississippi River Transmission Corporation (f/k/a Mississippi River Transmission Corporation) 100% Del 219,367.03 219,367.03 CenterPoint Energy MRT Holdings, Inc. (f/k/a MRT Holdings, Inc.) 100% Del 0.00 0.00 CenterPoint Energy MRT Services Company (f/k/a MRT Services Company) 100% Del 933.45 933.45 CenterPoint Energy Pipeline Services, Inc. (f/k/a Reliant Energy Pipeline Services, Inc.) 100% Del 20,966.01 20,966.01 CenterPoint Energy OQ, LLC (f/k/a Reliant Energy OQ, LLC) 100% Del 524.99 524.99 OQ Partners, a general partnership (20) 50% Tex CenterPoint Energy Trading and Transportation Group, Inc. (f/k/a Reliant Energy Trading and Transportation Group, Inc.) 100% Tex Entex Gas Marketing Company 100% Tex 0.00 0.00 Entex NGV, Inc. 100% Del 0.00 0.00 Entex Oil & Gas Company 100% Tex 0.00 0.00 Intex, Inc.2 100% Tex 0.00 0.00 CenterPoint Energy Intrastate Pipelines, Inc. 100% Tex 34,448.66 34,448.66 Minnesota Intrastate Pipeline Company 100% Del 2,476.26 2,476.26 National Furnace Company 100% Tex -679.44 -679.44 NorAm Financing I 5 100% Del 0.00 0.00 NorAm Utility Services, Inc. 100% Del 0.00 0.00 Reliant Energy Funds Management, Inc. 100% Del 1,290,042.42 1,290,042.42 United Gas, Inc.2 100% Tex 0.00 0.00 CENTERPOINT ENERGY INTERNATIONAL, INC. (f/k/a Reliant Energy International, Inc.) 100% Del 44,199.03 44,198.96 CenterPoint Energy International Holdings, LLC 12 (f/k/a Reliant Energy International Holdings, LLC) 100% Del Reliant Energy El Salvador, S.A. de C.V.12 (15) 99% Els CenterPoint Energy International II, Inc. (f/k/a Reliant Energy International II, Inc.) 100% Del HIE Ford Heights, Inc. 100% Del HIE Fulton, Inc. 100% Del Reliant Energy India, Inc. 100% Mau Reliant Energy Rain, Inc. 100% Mau Rain Calcining Limited (17) 24.79% Ind CenterPoint Energy International Services, Inc. 12 (f/k/a Reliant Energy International Services, Inc) 100% Del CenterPoint Energy Light, Inc. (f/k/a Reliant Energy Light, Inc.) 100% Del HI Energy Holdings I B.V.12 100% Nth Reliant Energy Brasil, Ltda.12 100.00% Brz Reliant Energy Brazil Ltd.12 100% Cay HIE Brasil Rio Sul Ltda.12 20% Brz Reliant Energy International Brasil Ltda.12 (13) 99.90% Brz Reliant Energy Brazil Tiete Ltd.12 100% Cay Reliant Energy Colombia Ltda.12 (14) 99% Col Reliant Energy Outsource Ltd.12 100% Cay Venus Generation El Salvador (18) 50% Cay Worldwide Electric Holdings B.V.12 100% Nth
EXHIBIT F-1 File No. 030-00360 1 Incorporated on August 31, 2001. Originally incorporated under the name "Reliant Energy Regco, Inc." 2 Inactive. 3 Formerly Reliant Energy, Incorporated. Converted into a limited liability company effective as of 11:54 p.m. on Saturday, August 31, 2002. 4 Incorporated on February 2, 2001 to preserve the name "CenterPoint Energy" in Delaware. 5 These entities are statutory business trusts created under Delaware law and treated as subsidiaries of their parent company for financial reporting purposes. 6 The remaining 1% of this subsidiary is owned by Houston Industries FinanceCo GP, LLC. 7 The remaining 1% of this subsidiary is owned by Reliant Energy FinanceCo II GP, LLC. 8 The remaining 1% of this subsidiary is owned by Reliant Energy FinanceCo III GP, LLC. 9 The remaining 1% of this subsidiary is owned by Reliant Energy FinanceCo IV GP, LLC. 10 This company was incorporated on 2/3/99 to preserve the name "NorAm Energy Corp." in Delaware. 11 The remaining 1% of this subsidiary is owned by CenterPoint Energy District Cooling, LLC (f/k/a Northwind Houston, L.L.C.). 12 In the process of being dissolved. 13 The remaining 0.1% is owned by Reliant Energy Brazil Tiete Ltd. 14 The remaining 1% of this subsidiary is owned by CenterPoint Energy International Holdings, LLC (f/k/a Reliant Energy International Holdings, LLC). 15 The remaining 1% of this subsidiary is owned by CenterPoint Energy International, Inc. (f/k/a Reliant Energy International, Inc.) 16 The remaining 1% of this subsidiary is owned by Texas Genco GP, LLC. 17 15% of this subsidiary is owned by International Finance Corporation, 5% by Applied Industrial Materials Corporation, 25.48% by N. Jagan Mohan Reddy, individually and beneficially for numerous resident and non-resident Indians. 18 The remaining 50% of this subsidiary is owned by EDC Energy Ventures-Generation El Salvador. 19 The remaining 18.6% of this company is owned by LGS Natural Gas Company. 20 The remaining 50% of this partnership is owned by Overnite Software, Inc. 21 Impaired earnings of STP - Discontinued Operations 22 At Dec 15, 2004 the minority shares were repurchased and the fossil generation assets were sold. Consolidated Texas Genco Holdings, Inc. is now 100% owned.
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Utility Holdings Other Adjustments & Consolidated Parent Company Consolidated Eliminations ------------------ ---------------- ---------------- ------------------- Balance Sheet Cash (10440000) 42,684,915 - 46,921,983 (4,237,068) Temporary Investments (10430200) 121,959,702 - 121,959,702 - Special Deposits (10430300) 4,989,809 - 4,989,809 - Customers Accounts Receivable (10420110) 650,401,691 - 649,546,755 854,936 Allowance for Doubtful Accts (10420115) (30,037,733) - (30,037,733) - Unbilled Receivables (10420116) 576,251,596 - 576,251,596 - Interest Receivables (10420126) 270,000 - 270,000 - Other Receivables, net (10420118) 120,953,745 2,141,973 116,078,591 2,733,181 Accounts Receivable from Subs (10420210) 0 27,831,354 21,217,650 (49,049,004) Interest Receivable from Subs (10420215) - 2,023,292 12,277,397 (14,300,689) Short Term Notes Rec (10330610) 127,742 - 127,742 - ST Notes Receivable from Subs (10330210) 0 125,680,000 126,790,331 (252,470,330) Short Term Risk Mgt Asset (10420406) 4,211,042 - 4,211,042 - ST Non-trading derivative(10420400) 50,219,326 - 50,219,326 - ST Inv in Time Warner CS (10420408) 420,881,623 - 420,881,623 - Materials and Supplies (10410100) 77,902,467 - 77,902,467 - Fuel Stock (10410200) 3,909,974 - 3,909,974 - Petroleum Products (10410300) 139,761 - 139,761 - Gas Stored Underground (10410400) 170,181,850 - 170,181,850 - Broker's Margin Asset (10420419) 7,503,189 - 7,503,189 - Total Prepaid Expenses 21,275,904 - 21,275,904 - Total Other Current Assets 78,929,606 - 78,929,606 - Cur Assets From Disco Ops(10450000) 513,767,946 - 513,767,946 - --------------- --------------- --------------- --------------- Current Assets 2,836,524,155 157,676,619 2,995,316,511 (316,468,974) --------------- --------------- --------------- --------------- Electric and gas plant (10320100) 10,714,103,839 5,877,263 10,708,226,576 - Other Property (10320300) 50,240,381 - 50,240,381 - Construction Work in Progress (10320400) 199,224,830 - 199,224,830 - --------------- --------------- --------------- --------------- Property, Plant and Equipment, Gross 10,963,569,051 5,877,263 10,957,691,787 - Accumulated Depreciation (10320900) (2,777,175,843) (310,594) (2,776,865,249) - --------------- --------------- --------------- --------------- Property, Plant and Equipment, Net 8,186,393,208 5,566,670 8,180,826,538 - --------------- --------------- --------------- --------------- Goodwill (10310220) 1,740,509,927 - 1,740,509,927 - Intangibles (10310215) 58,068,354 - 58,068,354 - Investments in Subsidiaries (10330100) (0) 6,031,695,769 8,540,292 (6,040,236,061) LT Notes Receivable from Subs (10330220) (0) 150,850,000 834,375,000 (985,225,000) Investments 9,628,946 - 9,628,946 - Equity Investments 13,462,365 - 13,462,365 - LT_Notes_Rec (10330620) 60,795,221 - 1,789,656 59,005,565 Unamort loss-reacquired debt (10640000) 188,453,365 60,495,220 127,958,144 - Regulated tax asset (10650000) 4,628,726 4,628,726 - - Gas_purchased_in_advance (10655000) (3,591) - (3,591) - LT Non-trading derivative (10332000) 17,681,825 - 17,681,825 - Regulated asset (10662500) 3,349,943,876 - 3,349,943,876 - LT_DTA_federal (10670000) (1) - (1) - Restricted Cash (10330319) 3,011,681 - 3,011,681 - Intercompany LT Receivable (10625000) (0) 170,438,165 83,285,190 (253,723,356) Total Other Deferred Debits 641,701,482 610,235,810 22,925,380 8,540,292 Net LTA from Disco Ops (10681000) 1,051,157,625 - 1,051,157,625 - --------------- --------------- --------------- --------------- Total Other Assets 7,139,039,799 7,028,343,691 7,322,334,668 (7,211,638,560) --------------- --------------- --------------- --------------- Total Assets 18,161,957,162 7,191,586,979 18,498,477,717 (7,528,107,534) =============== =============== =============== ===============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Utility Holdings Other Adjustments & Consolidated Parent Company Consolidated Eliminations ------------------ ---------------- --------------- ------------------- ST-Indexed debt obligation (20420104) 107,065,238 107,065,238 - - Intercompany notes payable ST (20460200) (0) 126,790,263 125,680,000 (252,470,263) Cur portion LT Debt (20410210) 1,728,922,881 - 1,728,922,881 - Trade accounts payable (20440100) 70,892,297 1,411,092 69,193,929 287,277 Other Payable, net 65,999,392 3,855,868 62,946,405 (802,881) Gas Payables (20440300) 727,584,039 - 727,584,039 - Intercompany accounts payable (20460100) 0 20,948,536 28,097,573 (49,046,108) Intercompany interest payable (20460150) 3,546,829 15,824,226 2,023,292 (14,300,689) Cur state income tax payable (20480115) 15,296,874 23,667 15,273,207 - Cur foreign income tax payable (20480116) 463 - 463 - Cur other tax payable (20480117) 173,790,561 63,375 173,727,186 - Current FIT payable (20480110) 419,936,913 162,595,613 257,341,300 - Deferred FIT payable (20480120) 245,349,115 634,471,208 (359,719,930) (29,402,163) Def state inc tax payable (20480125) 15,608,169 13,544,910 2,063,259 - Interest accrued (20480210) 151,364,985 25,660,100 125,704,885 - ST Risk Mgmt Liability (20480230) 4,641,416 - 4,641,416 - ST Non-trading derivative (20480240) 26,323,220 - 26,323,220 - ZENS Options (20480250) 341,575,405 341,575,405 - - Customer deposits (20510000) 63,191,530 - 63,191,530 - Dividends accrued (20480220) 396,307 396,307 - - Brokers margin liability (20480360) 1,230,715 - 1,230,715 - Regulatory Liability, Current (20480370) 225,158,635 - 224,731,635 427,000 Current Deferred Revenue (20480260) 861,901 - 861,901 - Other current liabilities, net 349,489,585 14,774,820 335,141,765 (427,000) Net CL from Disco Ops (20470000) 448,973,549 - 448,973,549 - --------------- --------------- --------------- --------------- Current Liabilities 5,187,200,020 1,469,000,628 4,063,934,219 (345,734,827) --------------- --------------- --------------- --------------- LT debentures (20410220) 7,080,439,493 2,865,282,299 4,215,157,193 - Cap lease LT portion (20410235) 3,798,485 - 3,798,485 - IC notes payable -- LT (20460300) 108,778,000 853,093,000 156,534,999 (900,849,999) --------------- --------------- --------------- --------------- Debt 7,193,015,978 3,718,375,299 4,375,490,678 (900,849,999) --------------- --------------- --------------- --------------- LT deferred FIT liability (20520000) 2,220,766,291 432,917,706 1,771,219,421 16,629,163 LT deferred state inc tax liab (20530000) 194,376,708 - 194,376,708 - Inv_tax_credit (20550000) 53,690,425 - 53,690,425 - LTL Non-trading derivative (20575000) 6,412,438 - 6,412,438 - Benefit Obligations 440,110,221 54,259,862 385,850,358 - Regulatory Liability (20594250) 1,081,369,939 - 1,081,369,939 - Intercompany LT Payable (20599500) 0 313,996,043 (34,898,455) (279,097,588) Deferred Credits 258,948,244 97,535,650 138,524,926 22,887,668 Net LTL From Disco Ops (20560000) 420,393,005 - 420,393,005 - --------------- --------------- --------------- --------------- Long-term Liabilities 4,676,067,270 898,709,262 4,016,938,765 (239,580,757) --------------- --------------- --------------- --------------- Minority Interest 172,085 - 172,085 - --------------- --------------- --------------- --------------- Capital Stock 3,080,452 3,080,452 1,000 (1,000) Additional Paid-in Capital (20120000) 2,891,334,556 2,891,334,556 5,815,496,291 (5,815,496,291) FAS133_EFF_OCI (20165000) (51,749,881) (55,323,454) 1,948,573 1,625,000 Currency Translation Adjustment -- Plug 2 - 2 - Benefits Minimum Liab. Adj. (20185000) (9,592,224) (6,019,000) (3,573,224) - Retained Earnings/Loss (71000000) (1,727,571,094) (1,727,570,765) 228,069,331 (228,069,660) --------------- --------------- --------------- --------------- Stockholders' Equity 1,105,501,811 1,105,501,789 6,041,941,972 (6,041,941,951) --------------- --------------- --------------- --------------- Total Liabilities and Stockholders' Equity 18,161,957,164 7,191,586,979 18,498,477,719 (7,528,107,534) =============== =============== =============== ===============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Utility Holdings Other Adjustments & Consolidated Parent Company Consolidated Eliminations ------------------ ---------------- --------------- ------------------- Income Statement External Electric Revenues (30110100) 1,333,177,650 - 1,333,177,650 - External Trading Revenues (30110201) 11,287,954 - 11,287,954 - External Gas Distribution Rev (30110202) 6,535,656,444 - 6,515,873,730 19,782,714 Ext. Gas Transportation Rev (30110203) 200,115,412 - 200,115,412 - Consumer Services Revenue (30110205) 111,152,952 - 111,152,952 - External Other Revenues (30110206) 319,037,627 - 316,514,714 2,522,913 Intercompany Gas Revenues (30120202) (0) - (0) - Intercompany Other Revenues (30120203) (0) - (0) - --------------- --------------- --------------- --------------- Total Revenues 8,510,428,038 - 8,488,122,411 22,305,627 --------------- --------------- --------------- --------------- Natural Gas and Fuel (30510000) 5,524,450,993 - 5,502,145,366 22,305,627 Operating & Administrative Expenses 1,276,892,558 21,042,024 1,255,850,533 - Taxes Other Than Income (30620200) 355,647,739 186,328 355,461,411 - Depreciation of Assets (30710100) 415,281,958 310,594 414,971,365 - Amortization of Assets 74,359,731 - 74,359,731 - --------------- --------------- --------------- --------------- Operating Expenses 7,646,632,978 21,538,946 7,602,788,406 22,305,627 --------------- --------------- --------------- --------------- Operating Income(Loss) 863,795,060 (21,538,946) 885,334,006 - --------------- --------------- --------------- --------------- Revenue from Inv in Subs (40110200) (0) 707,047,397 1,526,887 (708,574,284) Other Nonoperating Income 5,252,419 (273,070) 3,998,602 1,526,887 Return on true-up balance 226,324,000 - 226,324,000 - Equity Income (30840000) 2,098,650 - 2,098,650 - Gns (Losses) from Investments (40130100) (169,208) - (169,208) - G/L on Indexed Debt Sec (40130200) (20,232,485) (20,232,485) - - G/L on Invest. in Time Warner (40130300) 31,592,408 - 31,592,408 - Dividend Income (40135100) 4 - 4 - Interest Revenues (40140100) 12,595,018 237,095 12,294,856 63,067 Oth Int and Rel Rev -- Subs (40140200) 0 21,603,707 42,468,783 (64,072,489) --------------- --------------- --------------- --------------- Total Non-operating Income 257,460,808 708,382,644 320,134,983 (771,056,819) --------------- --------------- --------------- --------------- Income before Interest & Taxes 1,121,255,868 686,843,698 1,205,468,989 (771,056,819) --------------- --------------- --------------- --------------- Interest Exp -- LT Debt (40170100) 610,948,332 231,223,772 379,724,560 - Other Interest (40170150) 65,619,411 26,862,516 38,682,908 73,987 Interest_Exp_Subs (40170200) 37,402,761 79,589,672 21,896,498 (64,083,409) AFUDC -- Borrowed (40170300) (4,102,769) - (4,102,769) - Amortization of Debt (40170500) 67,432,023 45,406,396 22,025,628 - --------------- --------------- --------------- --------------- Interest and Related Expenses 777,299,758 383,082,356 458,226,825 (64,009,422) --------------- --------------- --------------- --------------- Income before Taxes 343,956,110 303,761,342 747,242,164 (707,047,397) --------------- --------------- --------------- --------------- Current Fed Income Taxes (60110000) (130,328,583) (289,991,568) 159,662,985 - Current State Income Taxes (60111000) 11,227,110 - 11,227,110 - Current Foreign Income Taxes (60120000) (524) - (524) - Deferred Federal Income Taxes (60130000) 271,414,939 155,404,921 116,010,018 - Deferred State Income Taxes (60131000) (6,500,474) - (6,500,474) - Investment Tax Credit (60133000) (7,506,816) - (7,506,816) - --------------- --------------- --------------- --------------- Taxes 138,305,652 (134,586,647) 272,892,300 - --------------- --------------- --------------- --------------- Min_Int_Income (60138000) 64,980 - 64,980 - --------------- --------------- --------------- --------------- Income before Extraordinary Items 205,715,437 438,347,990 474,414,844 (707,047,397) --------------- --------------- --------------- --------------- Income/Loss from Disco Ops (60140100) 294,027,166 - 232,633,166 61,394,000 --------------- --------------- --------------- --------------- Minority interest on income from Texas Genco (61,394,000) - - (61,394,000) Loss on disposal of Texas Genco, net of tax (365,716,465) (365,716,000) (365,716,465) 365,716,000 --------------- --------------- --------------- --------------- Gain/Loss on Disposal, Net (427,110,465) (365,716,000) (365,716,465) 304,322,000 --------------- --------------- --------------- --------------- Total Discontinued Operations (133,083,299) (365,716,000) (133,083,299) 365,716,000 --------------- --------------- --------------- --------------- Extraordinary Loss, net of tax 977,336,477 977,336,000 977,336,477 (977,336,000) --------------- --------------- --------------- --------------- Annual Net Income (Loss) (904,704,339) (904,704,010) (636,004,932) 636,004,603 =============== =============== =============== ===============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Parent Company CNP Avco Holdings, Consolidated Parent Company LLC Eliminations -------------- -------------- ------------------ --------------- Balance Sheet Cash (10440000) - - - - Other Receivables, net (10420118) 2,141,973 2,141,973 - - Accounts Receivable from Subs (10420210) 27,831,354 27,959,570 - (128,216) Interest Receivable from Subs (10420215) 2,023,292 2,023,292 - - ST Notes Receivable from Subs (10330210) 125,680,000 130,447,000 - (4,767,000) -------------- -------------- -------------- -------------- Current Assets 157,676,619 162,571,835 - (4,895,216) -------------- -------------- -------------- -------------- Electric and gas plant (10320100) 5,877,263 - 5,877,263 - -------------- -------------- -------------- -------------- Property, Plant and Equipment, Gross 5,877,263 - 5,877,263 - Accumulated Depreciation (10320900) (310,594) - (310,594) - -------------- -------------- -------------- -------------- Property, Plant and Equipment, Net 5,566,670 - 5,566,670 - -------------- -------------- -------------- -------------- Investments in Subsidiaries (10330100) 6,031,695,769 6,031,378,507 - 317,262 LT Notes Receivable from Subs (10330220) 150,850,000 150,850,000 - - Unamort loss-reacquired debt (10640000) 60,495,220 60,495,220 - - Regulated tax asset (10650000) 4,628,726 4,628,726 - - Intercompany LT Receivable (10625000) 170,438,165 170,438,165 - - Total Other Deferred Debits 610,235,810 610,235,810 - - -------------- -------------- -------------- -------------- Total Other Assets 7,028,343,691 7,028,026,429 - 317,262 -------------- -------------- -------------- -------------- Total Assets 7,191,586,979 7,190,598,264 5,566,670 (4,577,954) ============== ============== ============== ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Parent Company CNP Avco Holdings, Consolidated Parent Company LLC Eliminations -------------- -------------- ------------------ --------------- ST-Indexed debt obligation (20420104) 107,065,238 107,065,238 - - Intercompany notes payable ST (20460200) 126,790,263 125,680,000 5,877,263 (4,767,000) Trade accounts payable (20440100) 1,411,092 1,411,092 - - Other Payable, net 3,855,868 3,855,868 - - Intercompany accounts payable (20460100) 20,948,536 21,076,752 - (128,216) Intercompany interest payable (20460150) 15,824,226 15,824,226 - - Cur state income tax payable (20480115) 23,667 23,667 - - Cur other tax payable (20480117) 63,375 63,375 - - Current FIT payable (20480110) 162,595,613 162,704,322 (108,709) - Deferred FIT payable (20480120) 634,471,208 634,471,208 - - Def state inc tax payable (20480125) 13,544,910 13,544,910 - - Interest accrued (20480210) 25,660,100 25,660,100 - - ZENS Options (20480250) 341,575,405 341,575,405 - - Dividends accrued (20480220) 396,307 396,307 - - Other current liabilities, net 14,774,820 14,774,820 - - -------------- -------------- -------------- -------------- Current Liabilities 1,469,000,628 1,468,127,290 5,768,554 (4,895,216) LT debentures (20410220) 2,865,282,299 2,865,282,299 - - IC notes payable -- LT (20460300) 853,093,000 853,093,000 - - -------------- -------------- -------------- -------------- Debt 3,718,375,299 3,718,375,299 - - LT deferred FIT liability (20520000) 432,917,706 432,917,706 - - Benefit Obligations 54,259,862 54,259,862 - - Intercompany LT Payable (20599500) 313,996,043 313,996,043 - - Deferred Credits 97,535,650 97,535,650 - - -------------- -------------- -------------- -------------- Long-term Liabilities 898,709,262 898,709,262 - - Capital Stock 3,080,452 3,080,452 - - Additional Paid-in Capital (20120000) 2,891,334,556 2,892,025,089 - (690,533) FAS133_EFF_OCI (20165000) (55,323,454) (55,323,454) - - Benefits Minimum Liab. Adj. (20185000) (6,019,000) (6,019,000) - - Retained Earnings/Loss (71000000) (1,727,570,765) (1,728,376,675) (201,885) 1,007,795 -------------- -------------- -------------- -------------- Stockholders' Equity 1,105,501,789 1,105,386,412 (201,885) 317,262 -------------- -------------- -------------- -------------- Total Liabilities and Stockholders' Equity 7,191,586,979 7,190,598,264 5,566,670 (4,577,954) ============== ============== ============== ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Parent Company CNP Avco Holdings, Consolidated Parent Company LLC Eliminations -------------- -------------- ------------------ --------------- Income Statement Operating & Administrative Expenses 21,042,024 21,042,024 - - Taxes Other Than Income (30620200) 186,328 186,328 - - Depreciation of Assets (30710100) 310,594 - 310,594 - -------------- -------------- -------------- -------------- Operating Expenses 21,538,946 21,228,352 310,594 - -------------- -------------- -------------- -------------- Operating Income(Loss) (21,538,946) (21,228,352) (310,594) - Revenue from Inv in Subs (40110200) 707,047,397 706,641,674 - 405,723 Other Nonoperating Income (273,070) (273,070) - - G/L on Indexed Debt Sec (40130200) (20,232,485) (20,232,485) - - Interest Revenues (40140100) 237,095 237,095 - - Oth Int and Rel Rev -- Subs (40140200) 21,603,707 22,626,393 - (1,022,686) -------------- -------------- -------------- -------------- Total Non-operating Income 708,382,644 708,999,607 - (616,963) -------------- -------------- -------------- -------------- Income before Interest & Taxes 686,843,698 687,771,255 (310,594) (616,963) Interest Exp -- LT Debt (40170100) 231,223,772 231,223,772 - - Other Interest (40170150) 26,862,516 26,862,516 - - Interest_Exp_Subs (40170200) 79,589,672 80,612,358 - (1,022,686) Amortization of Debt (40170500) 45,406,396 45,406,396 - - -------------- -------------- -------------- -------------- Interest and Related Expenses 383,082,356 384,105,042 - (1,022,686) -------------- -------------- -------------- -------------- Income before Taxes 303,761,342 303,666,213 (310,594) 405,723 Current Fed Income Taxes (60110000) (289,991,568) (289,882,859) (108,709) - Deferred Federal Income Taxes (60130000) 155,404,921 155,404,921 - - -------------- -------------- -------------- -------------- Taxes (134,586,647) (134,477,938) (108,709) - -------------- -------------- -------------- -------------- Income before Extraordinary Items 438,347,990 438,144,151 (201,885) 405,723 Loss on Disposal of Texas Genco, net of tax (365,716,000) (365,716,000) - - -------------- -------------- -------------- -------------- Extraordinary Loss, net of tax 977,336,000 977,336,000 - - -------------- -------------- -------------- -------------- Annual Net Income (Loss) (904,704,010) (904,907,849) (201,885) 405,723 ============== ============== ============== ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated CenterPoint Utility Utility CenterPoint CenterPoint Consolidated Energy Holdings Holding, Energy Houston Energy Texas Genco Service Co., Consolidated LLC Electric Resources Corp. Holdings, Inc. LLC --------------- -------------- --------------- --------------- -------------- ------------ Balance Sheet Cash (10440000) 46,921,983 24,484 24,928,260 18,506,266 - 1,116,572 Temporary Investments (10430200) 121,959,702 - - 121,959,702 - - Special Deposits (10430300) 4,989,809 - 3,474,218 1,515,591 - - Customers Accounts Receivable (10420110) 649,546,755 - 64,642,621 584,570,708 - 333,426 Allowance for Doubtful Accts (10420115) (30,037,733) - (2,104,852) (27,932,882) - - Unbilled Receivables (10420116) 576,251,596 - 74,088,770 502,162,826 - - Interest Receivables (10420126) 270,000 - 270,000 - - - Current Taxes Receivable (10420127) - - 62,077,594 155,155,774 - - Other Receivables, net (10420118) 116,078,591 - 61,644,264 55,942,638 - 4,381,007 Accounts Receivable from Subs (10420210) 21,217,650 - (25,416,304) (29,848,677) - 51,969,752 Interest Receivable from Subs (10420215) 12,277,397 14,300,689 10,254,105 - - - Short Term Notes Rec (10330610) 127,742 - - 127,742 - - ST Notes Receivable from Subs (10330210) 126,790,331 - 72,818,000 41,836,000 - 5,877,263 Short Term Risk Mgt Asset (10420406) 4,211,042 - - 4,211,042 - - ST Non-trading derivative(10420400) 50,219,326 - - 50,219,326 - - ST Inv in Time Warner CS (10420408) 420,881,623 - - - - - Materials and Supplies (10410100) 77,902,467 - 52,885,886 25,016,581 - - Fuel Stock (10410200) 3,909,974 - - 3,909,974 - - Petroleum Products (10410300) 139,761 - - 139,761 - - Gas Stored Underground (10410400) 170,181,850 - - 170,181,850 - - Current Deferred Tax Assets - - 78,656,065 12,256,231 - - Broker's Margin Asset (10420419) 7,503,189 - - 7,503,189 - - Total Prepaid Expenses 21,275,904 (375) 8,727,070 8,308,237 - 4,310,449 Total Other Current Assets 78,929,606 - - 78,929,606 - - Cur Assets From Disco Ops (10450000) 513,767,946 - - - 124,024,793 - -------------- ------------- -------------- ------------- ------------- ----------- Current Assets 2,995,316,511 14,324,798 486,945,696 1,784,671,485 124,024,793 67,988,471 -------------- ------------- -------------- ------------- ------------- ----------- Electric and gas plant (10320100) 10,708,226,576 - 6,141,987,419 4,162,150,125 - 160,652,525 Other Property (10320300) 50,240,381 - 17,009,977 33,230,404 - - Construction Work in Progress (10320400) 199,224,830 - 86,304,058 100,680,710 - 3,856,989 -------------- ------------- -------------- ------------- ------------- ----------- Property, Plant and Equipment, Gross 10,957,691,787 - 6,245,301,455 4,296,061,239 - 164,509,514 Accumulated Depreciation (10320900) (2,776,865,249) - (2,203,845,503) (461,978,510) - (56,267,209) -------------- ------------- -------------- ------------- ------------- ----------- Property, Plant and Equipment, Net 8,180,826,538 - 4,041,455,952 3,834,082,729 - 108,242,305 -------------- ------------- -------------- ------------- ------------- ----------- Goodwill (10310220) 1,740,509,927 - - 1,740,509,927 - - Intangibles (10310215) 58,068,354 - 38,349,184 19,719,169 - - Investments in Subsidiaries (10330100) 8,540,292 6,171,902,050 - 5,336,000 - - LT Notes Receivable from Subs (10330220) 834,375,000 (286,875) 750,000,000 (574,636) - 861,626 Investments 9,628,946 - - 9,628,946 - - Equity Investments 13,462,365 - - 13,462,365 - - LT_Notes_Rec (10330620) 1,789,656 - 290,061 1,499,595 - - Unamort loss-reacquired debt (10640000) 127,958,144 - 62,664,913 65,293,232 - - Gas_purchased_in_advance (10655000) (3,591) - - (3,591) - - LT Non-trading derivative (10332000) 17,681,825 - - 17,681,825 - - Regulated asset (10662500) 3,349,943,876 - 3,328,865,499 21,078,377 - - LT_DTA_federal (10670000) (1) - - - - - Restricted Cash (10330319) 3,011,681 - 3,011,681 - - - Intercompany LT Receivable (10625000) 83,285,190 399,795,778 64,512,863 18,771,934 - 3,577,458 Total Other Deferred Debits 22,925,380 - 6,657,104 1,793,630 0 36,228,526 Net LTA from Disco Ops (10681000) 1,051,157,625 106,841,717 - - 944,315,908 - -------------- ------------- -------------- ------------- ------------- ----------- Total Other Assets 7,322,334,668 6,678,252,671 4,254,351,304 1,914,196,772 944,315,908 40,667,610 -------------- ------------- -------------- ------------- ------------- ----------- Total Assets 18,498,477,717 6,692,577,468 8,782,752,953 7,532,950,986 1,068,340,701 216,898,386 ============== ============= ============== ============= ============= =========== CenterPoint CenterPoint Energy CenterPoint CenterPoint Utility Rail Energy International, Energy Energy Services, Funding Co. Inc. Properties, Inc. Products, Inc. Inc. ------------ -------------- ---------------- -------------- ------------ Balance Sheet Cash (10440000) 692 - 7,001 434 - Temporary Investments (10430200) - - - - - Special Deposits (10430300) - - - - - Customers Accounts Receivable (10420110) - - - - - Allowance for Doubtful Accts (10420115) - - - - - Unbilled Receivables (10420116) - - - - - Interest Receivables (10420126) - - - - - Current Taxes Receivable (10420127) - - - - - Other Receivables, net (10420118) - - 210,387 - - Accounts Receivable from Subs (10420210) 44,642 - 2,028,372 57,980 - Interest Receivable from Subs (10420215) - - - - - Short Term Notes Rec (10330610) - - - - - ST Notes Receivable from Subs (10330210) 4,687,000 67 - 257,000 - Short Term Risk Mgt Asset (10420406) - - - - - ST Non-trading derivative (10420400) - - - - - ST Inv in Time Warner CS (10420408) - - - - - Materials and Supplies (10410100) - - - - - Fuel Stock (10410200) - - - - - Petroleum Products (10410300) - - - - - Gas Stored Underground (10410400) - - - - - Current Deferred Tax Assets - - - - - Broker's Margin Asset (10420419) - - - - - Total Prepaid Expenses - - 24,123 - - Total Other Current Assets - - - - - Cur Assets From Disco Ops (10450000) - - - - - --------- ------------ -------------- ---------- ----------- Current Assets 4,732,334 67 2,269,884 315,414 - --------- ------------ -------------- ---------- ----------- Electric and gas plant (10320100) - - 243,436,506 - - Other Property (10320300) - - - - - Construction Work in Progress (10320400) - - 8,152,714 230,359 - --------- ------------ -------------- ---------- ----------- Property, Plant and Equipment, Gross - - 251,589,220 230,359 - Accumulated Depreciation (10320900) - - (54,773,027) - - --------- ------------ -------------- ---------- ----------- Property, Plant and Equipment, Net - - 196,816,193 230,359 - --------- ------------ -------------- ---------- ----------- Goodwill (10310220) - - - - - Intangibles (10310215) - - - - - Investments in Subsidiaries (10330100) - - - - - LT Notes Receivable from Subs (10330220) - - - - - Investments - - - - - Equity Investments - - - - - LT_Notes_Rec (10330620) - - - - - Unamort loss-reacquired debt (10640000) - - - - - Gas_purchased_in_advance (10655000) - - - - - LT Non-trading derivative (10332000) - - - - - Regulated asset (10662500) - - - - - LT_DTA_federal (10670000) - (1) - - - Restricted Cash (10330319) - - - - - Intercompany LT Receivable (10625000) - 1,409,092 - - - Total Other Deferred Debits - - 1,787,889 - - Net LTA from Disco Ops (10681000) - - - - - --------- ------------ -------------- ---------- ----------- Total Other Assets - 1,409,091 1,787,889 - - --------- ------------ -------------- ---------- ----------- Total Assets 4,732,334 1,409,158 200,873,966 545,773 - ========= ============ ============== ========== ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated CenterPoint Utility Utility CenterPoint CenterPoint Consolidated Energy Holdings Holding, Energy Houston Energy Texas Genco Service Consolidated LLC Electric Resources Corp. Holdings, Inc. Co., LLC --------------- -------------- -------------- --------------- ------------- ----------- Intercompany notes payable ST (20460200) 125,680,000 - - (0) - 29,102,000 Cur portion LT Debt (20410210) 1,728,922,881 - 1,356,912,211 366,872,900 - 5,137,771 Trade accounts payable (20440100) 69,193,929 - 21,468,783 35,024,474 - 11,515,960 Other Payable, net 62,946,405 - 19,383,508 36,052,495 (0) 3,074,482 Gas Payables (20440300) 727,584,039 - - 727,584,039 - - Intercompany accounts payable (20460100) 28,097,573 - 0 (0) 0 10,144,663 Intercompany interest payable (20460150) 2,023,292 14,300,689 (0) - - - Cur state income tax payable (20480115) 15,273,207 - 338,968 15,299,528 - - Cur foreign income tax payable (20480116) 463 - - 462 - - Cur other tax payable (20480117) 173,727,186 3,933 104,523,214 62,501,955 - 2,987,576 Current FIT payable (20480110) 257,341,300 547,781,352 (0) 0 - (34,246,608) Deferred FIT payable (20480120) (359,719,930) - - 0 - - Def state inc tax payable (20480125) 2,063,259 - - - - - Interest accrued (20480210) 125,704,885 - 67,896,910 57,741,335 - 66,640 ST Risk Mgmt Liability (20480230) 4,641,416 - - 4,641,416 - - ST Non-trading derivative (20480240) 26,323,220 - - 26,323,220 - - Customer deposits (20510000) 63,191,530 - 3,027,503 60,164,027 - - Brokers margin liability (20480360) 1,230,715 - - 1,230,715 - - Regulatory Liability, Current (20480370) 224,731,635 - 224,731,615 427,020 - - Current Deferred Revenue (20480260) 861,901 - 861,901 - - - Other current liabilities, net 335,141,765 - 53,815,870 266,696,178 - 15,575,717 Net CL from Disco Ops (20470000) 448,973,549 - - - 59,230,396 - -------------- -------------- ------------- ------------- ------------- ----------- Current Liabilities 4,063,934,219 562,085,973 1,852,960,483 1,660,559,763 59,230,396 43,358,201 -------------- -------------- ------------- ------------- ------------- ----------- LT debentures (20410220) 4,215,157,193 - 2,220,146,371 1,995,010,823 - - Cap lease LT portion (20410235) 3,798,485 - 1,185,724 - - 2,612,761 IC notes payable -- LT (20460300) 156,534,999 - 150,850,000 5,684,999 - 116 -------------- -------------- ------------- ------------- ------------- ----------- Debt 4,375,490,678 - 2,372,182,095 2,000,695,822 - 2,612,877 -------------- -------------- ------------- ------------- ------------- ----------- LT deferred FIT liability (20520000) 1,771,219,421 140,079,313 1,377,199,078 448,260,356 (0) - LT deferred state inc tax liab (20530000) 194,376,708 - - 192,519,289 - - Inv_tax_credit (20550000) 53,690,425 - 48,873,732 4,816,692 - - LTL Non-trading derivative (20575000) 6,412,438 - - 6,412,438 - - Benefit Obligations 385,850,358 - 128,092,124 128,536,741 - 129,221,493 Regulatory Liability (20594250) 1,081,369,939 - 648,305,547 433,064,392 - - Intercompany LT Payable (20599500) (34,898,455) 17,918,413 303,471,778 (0) - 440,963 Deferred Credits 138,524,926 - 18,173,658 118,766,592 0 1,679,675 Net LTL From Disco Ops (20560000) 420,393,005 (70,000,000) - - 490,393,005 - -------------- -------------- ------------- ------------- ------------- ----------- Long-term Liabilities 4,016,938,765 87,997,726 2,524,115,917 1,332,376,501 490,393,005 131,342,131 -------------- -------------- ------------- ------------- ------------- ----------- Minority Interest 172,085 - - 172,085 - - Capital Stock 1,000 1,000 1,000 10 1,000 1,000 Additional Paid-in Capital (20120000) 5,815,496,291 5,815,496,291 2,278,090,325 2,231,907,476 1,027,106,327 34,091,229 Treasury Stock - Associated Company - - - - (716,080,720) - FAS133_EFF_OCI (20165000) 1,948,573 - - 1,948,573 - - Currency Translation Adjustment -- Plug 2 - - - 2 - Benefits Minimum Liab. Adj. (20185000) (3,573,224) - - - (3,573,224) - Retained Earnings/Loss (71000000) 228,069,331 226,996,478 (244,596,867) 305,290,756 211,263,916 5,492,948 -------------- -------------- ------------- ------------- ------------- ----------- Stockholders' Equity 6,041,941,972 6,042,493,769 2,033,494,459 2,539,146,815 518,717,301 39,585,177 -------------- -------------- ------------- ------------- ------------- ----------- Total Liabilities and Stockholders' Equity 18,498,477,719 6,692,577,468 8,782,752,953 7,532,950,986 1,068,340,702 216,898,386 ============== ============== ============= ============= ============= =========== Income Statement CenterPoint CenterPoint Energy CenterPoint CenterPoint Utility Rail Energy International, Energy Energy Services, Funding Co. Inc. Properties, Inc. Products, Inc. Inc. -------------- -------------- ---------------- -------------- ------------ Intercompany notes payable ST (20460200) - - 95,263,000 - - Cur portion LT Debt (20410210) - - - - - Trade accounts payable (20440100) - - 1,184,712 - - Other Payable, net - - 232,876 - - Gas Payables (20440300) - - - - - Intercompany accounts payable (20460100) 39,000 - 2,187,931 397,167 - Intercompany interest payable (20460150) - - - - - Cur state income tax payable (20480115) - - (360,291) (4,998) - Cur foreign income tax payable (20480116) Cur other tax payable (20480117) 14,085 - 3,696,423 - - Current FIT payable (20480110) 4,232,631 (42,789,868) (353,562) (33,530) - Deferred FIT payable (20480120) - - - - - Def state inc tax payable (20480125) - - - - - Interest accrued (20480210) - - - - - ST Risk Mgmt Liability (20480230) - - - - - ST Non-trading derivative (20480240) - - - - - Customer deposits (20510000) - - - - - Brokers margin liability (20480360) - - - - - Regulatory Liability, Current (20480370) - - - - - Current Deferred Revenue (20480260) - - - - - Other current liabilities, net - - - - - Net CL from Disco Ops (20470000) - - - - - -------------- ------------ --------------- ------------- ----------- Current Liabilities 4,285,715 (42,789,868) 101,851,089 358,638 - -------------- ------------ --------------- ------------- ----------- LT debentures (20410220) - - - - - Cap lease LT portion (20410235) - - - - - IC notes payable -- LT (20460300) - - - - - -------------- ------------ --------------- ------------- ----------- Debt - - - - - -------------- ------------ --------------- ------------- ----------- LT deferred FIT liability (20520000) - - 12,562,098 - - LT deferred state inc tax liab (20530000) - - 1,851,616 5,803 - Inv_tax_credit (20550000) - - - - - LTL Non-trading derivative (20575000) - - - - - Benefit Obligations - - - - - Regulatory Liability (20594250) - - - - - Intercompany LT Payable (20599500) - - - - - Deferred Credits - - - - - Net LTL From Disco Ops (20560000) - - - - - -------------- ------------ --------------- ------------- ----------- Long-term Liabilities - - 14,413,714 5,803 - -------------- ------------ --------------- ------------- ----------- Minority Interest - - - - - Capital Stock - 1,000 1,000 1,000 - Additional Paid-in Capital (20120000) 3,075,862,722 279,592,085 67,330,113 1,719,299 - Treasury Stock - Associated Company - - - - - FAS133_EFF_OCI (20165000) - - - - - Currency Translation Adjustment -- Plug - - - - - Benefits Minimum Liab. Adj. (20185000) - - - - - Retained Earnings/Loss (71000000) (3,075,416,103) (235,394,059) 17,278,049 (1,538,967) - -------------- ------------ --------------- ------------- ----------- Stockholders' Equity 446,619 44,199,026 84,609,163 181,332 - -------------- ------------ --------------- ------------- ----------- Total Liabilities and Stockholders' Equity 4,732,334 1,409,158 200,873,966 545,773 - ============== ============ =============== ============= =========== Income Statement
EXHIBIT F-7 File No.030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated Utility Holdings CenterPoint Energy CenterPoint Energy Consolidated Utility Holding, LLC Houston Electric Resources Corp. ---------------- -------------------- ------------------ ------------------ Income Statement External Electric Revenues (30110100) 1,333,177,650 - 1,333,177,650 - External Trading Revenues (30110201) 11,287,954 - - 11,287,954 External Gas Distribution Rev (30110202) 6,515,873,730 - - 6,515,873,730 Ext. Gas Transportation Rev (30110203) 200,115,412 - - 200,115,412 Consumer Services Revenue (30110205) 111,152,952 - - 111,152,952 External Other Revenues (30110206) 316,514,714 - 187,927,400 123,025,335 Intercompany Gas Revenues (30120202) (0) - - 19,782,714 Intercompany Other Revenues (30120203) (0) - - 2,206,594 ------------- ------------- -------------- ------------- Total Revenues 8,488,122,411 - 1,521,105,050 6,983,444,690 ------------- ------------- -------------- ------------- Natural Gas and Fuel (30510000) 5,502,145,366 - - 5,524,450,993 Operating & Administrative Expenses 1,255,850,533 51,943 535,401,469 729,509,624 IC O & M Expenses (30620000) - - 5,637,357 2,449,595 Taxes Other Than Income (30620200) 355,461,411 - 202,661,513 146,890,487 Depreciation of Assets (30710100) 414,971,365 - 229,065,833 171,481,307 Amortization of Assets 74,359,731 - 54,500,902 15,746,971 ------------- ------------- -------------- ------------- Operating Expenses 7,602,788,406 51,943 1,027,267,074 6,590,528,977 ------------- ------------- -------------- ------------- Operating Income(Loss) 885,334,006 (51,943) 493,837,977 392,915,714 ------------- ------------- -------------- ------------- Revenue from Inv in Subs (40110200) 1,526,887 (361,969,123) - 333,500 Other Nonoperating Income 3,998,602 1,137,515 226,323,780 2,879,807 Return on true-up balance 226,324,000 - - - Equity Income (30840000) 2,098,650 - - 2,098,650 Gns (Losses) from Investments (40130100) (169,208) - - (169,208) G/L on Invest. in Time Warner (40130300) 31,592,408 - - - Dividend Income (40135100) 4 - - 4 Interest Revenues (40140100) 12,294,856 - 10,779,346 1,496,597 Oth Int and Rel Rev -- Subs (40140200) 42,468,783 42,221,889 32,688,927 9,170,669 ------------- ------------- -------------- ------------- Total Non-operating Income 320,134,983 (318,609,719) 269,792,054 15,810,018 ------------- ------------- -------------- ------------- Income before Interest & Taxes 1,205,468,989 (318,661,662) 763,630,030 408,725,732 ------------- ------------- -------------- ------------- Interest Exp -- LT Debt (40170100) 379,724,560 - 262,815,201 168,380,674 Other Interest (40170150) 38,682,908 - 37,966,827 1,621,081 Interest_Exp_Subs (40170200) 21,896,498 42,221,889 15,016,821 356,336 AFUDC -- Borrowed (40170300) (4,102,769) - (2,311,999) (1,790,770) Amortization of Debt (40170500) 22,025,628 - 31,200,700 9,617,625 ------------- ------------- -------------- ------------- Interest and Related Expenses 458,226,825 42,221,889 344,687,550 178,184,945 ------------- ------------- -------------- ------------- Income before Taxes 747,242,164 (360,883,551) 418,942,480 230,540,787 ------------- ------------- -------------- ------------- Current Fed Income Taxes (60110000) 159,662,985 (458,743) 56,645,037 85,590,351 Current State Income Taxes (60111000) 11,227,110 - 1,733,771 9,774,281 Current Foreign Income Taxes (60120000) (524) - - (524) Deferred Federal Income Taxes (60130000) 116,010,018 401,570 85,513,537 (1,909,628) Deferred State Income Taxes (60131000) (6,500,474) - - (6,422,211) Investment Tax Credit (60133000) (7,506,816) - (6,971,292) (535,524) ------------- ------------- -------------- ------------- Taxes 272,892,300 (57,173) 136,921,054 86,496,745 ------------- ------------- -------------- ------------- Min_Int_Income(60138000) 64,980 (61,394,008) - 64,980 ------------- ------------- -------------- ------------- Income before Extraordinary Items 474,414,844 (422,220,386) 282,021,427 144,109,022 ------------- ------------- -------------- ------------- Income/Loss from Disco Ops (60140100) 232,633,166 - - - ------------- ------------- -------------- ------------- Impair on assets held for sale(60140300) (365,716,465) (213,943,217) - - ------------- ------------- -------------- ------------- Gain/Loss on Disposal, Net (365,716,465) (213,943,217) - - ------------- ------------- -------------- ------------- Total Discontinued Operations (133,083,299) (213,943,217) - - ------------- ------------- -------------- ------------- Extraordinary Items (60150000) 977,336,477 - 977,336,477 - ------------- ------------- -------------- ------------- Annual Net Income (Loss) (636,004,932) (636,163,603) (695,315,050) 144,109,022 ------------- ------------- -------------- ------------- Consolidated Texas CenterPoint Energy CenterPoint Energy CenterPoint Energy Genco Holding, Inc. Service Co.,LLC Funding Co. International, Inc. ------------------- ------------------- ------------------- -------------------- Income Statement External Electric Revenues (30110100) - - - - External Trading Revenues (30110201) - - - - External Gas Distribution Rev (30110202) - - - - Ext. Gas Transportation Rev (30110203) - - - - Consumer Services Revenue (30110205) - - - - External Other Revenues (30110206) - 291,762,499 - - Intercompany Gas Revenues (30120202) - - - - Intercompany Other Revenues (30120203) - 5,589,314 - - ------------ ----------- -------- ---------- Total Revenues - 297,351,813 - - ------------ ----------- -------- ---------- Natural Gas and Fuel (30510000) - - - - Operating & Administrative Expenses 0 248,975,515 1,895 - IC O & M Expenses (30620000) - 15,524,777 - - Taxes Other Than Income (30620200) - 7,898,706 26,050 - Depreciation of Assets (30710100) - 8,591,144 - - Amortization of Assets - 4,111,858 - - ------------ ----------- -------- ---------- Operating Expenses 0 285,102,000 27,945 - ------------ ----------- -------- ---------- Operating Income(Loss) (0) 12,249,813 (27,945) - ------------ ----------- -------- ---------- Revenue from Inv in Subs (40110200) - - - - Other Nonoperating Income - (1,914,500) - - Return on true-up balance - - - - Equity Income (30840000) - - - - Gns (Losses) from Investments (40130100) - - - - G/L on Invest. in Time Warner (40130300) - - - - Dividend Income (40135100) - - - - Interest Revenues (40140100) - 18,900 - - Oth Int and Rel Rev -- Subs (40140200) - 370,531 215,558 - ------------ ----------- -------- ---------- Total Non-operating Income - (1,525,069) 215,558 - ------------ ----------- -------- ---------- Income before Interest & Taxes (0) 10,724,744 187,613 - ------------ ----------- -------- ---------- Interest Exp -- LT Debt (40170100) - 659,091 - - Other Interest (40170150) - - - - Interest_Exp_Subs (40170200) - 1,718,806 - - AFUDC -- Borrowed (40170300) - - - - Amortization of Debt (40170500) - - - - ------------ ----------- -------- ---------- Interest and Related Expenses - 2,377,896 - - ------------ ----------- -------- ---------- Income before Taxes (0) 8,346,848 187,613 - ------------ ----------- -------- ---------- Current Fed Income Taxes (60110000) - (4,284,010) 65,666 - Current State Income Taxes (60111000) - - - - Current Foreign Income Taxes (60120000) - - - - Deferred Federal Income Taxes (60130000) - 7,137,909 - 1,604,442 Deferred State Income Taxes (60131000) - - - - Investment Tax Credit (60133000) - - - - ------------ ----------- -------- ---------- Taxes - 2,853,899 65,666 1,604,442 ------------ ----------- -------- ---------- Min_Int_Income(60138000) 61,394,008 - - - ------------ ----------- -------- ---------- Income before Extraordinary Items 61,394,008 5,492,948 121,947 (1,604,442) ------------ ----------- -------- ---------- Income/Loss from Disco Ops (60140100) 265,927,068 - - - ------------ ----------- -------- ---------- Impair on assets held for sale(60140300) (151,773,248) - - - ------------ ----------- -------- ---------- Gain/Loss on Disposal, Net (151,773,248) - - - ------------ ----------- -------- ---------- Total Discontinued Operations 114,153,820 - - - ------------ ----------- -------- ---------- Extraordinary Items (60150000) - - - - ------------ ----------- -------- ---------- Annual Net Income (Loss) 175,547,828 5,492,948 121,947 (1,604,442) ------------ ----------- -------- ---------- CenterPoint Energy CenterPoint Energy Utility Rail Services, Properties, Inc. Products, Inc. Inc. ------------------- ------------------- ---------------------- Income Statement External Electric Revenues (30110100) - - - External Trading Revenues (30110201) - - - External Gas Distribution Rev (30110202) - - - Ext. Gas Transportation Rev (30110203) - - - Consumer Services Revenue (30110205) - - - External Other Revenues (30110206) 5,558,480 - - Intercompany Gas Revenues (30120202) - - - Intercompany Other Revenues (30120203) 23,448,018 - - ---------- -------- ---- Total Revenues 29,006,498 - - ---------- -------- ---- Natural Gas and Fuel (30510000) - - - Operating & Administrative Expenses 11,989,988 123,679 - IC O & M Expenses (30620000) 16,284 - - Taxes Other Than Income (30620200) 4,246,995 - 100 Depreciation of Assets (30710100) 5,833,081 - - Amortization of Assets - - - ---------- -------- ---- Operating Expenses 22,086,348 123,679 100 ---------- -------- ---- Operating Income(Loss) 6,920,150 (123,679) (100) ---------- -------- ---- Revenue from Inv in Subs (40110200) - - - Other Nonoperating Income - - - Return on true-up balance - - - Equity Income (30840000) - - - Gns (Losses) from Investments (40130100) - - - G/L on Invest. in Time Warner (40130300) - - - Dividend Income (40135100) - - - Interest Revenues (40140100) - - - Oth Int and Rel Rev -- Subs (40140200) (20,104) 12,202 - ---------- -------- ---- Total Non-operating Income (20,104) 12,202 - ---------- -------- ---- Income before Interest & Taxes 6,900,045 (111,476) (100) ---------- -------- ---- Interest Exp -- LT Debt (40170100) - - - Other Interest (40170150) - - - Interest_Exp_Subs (40170200) 4,804,536 - - AFUDC -- Borrowed (40170300) - - - Amortization of Debt (40170500) - - - ---------- -------- ---- Interest and Related Expenses 4,804,536 - - ---------- -------- ---- Income before Taxes 2,095,509 (111,476) (100) ---------- -------- ---- Current Fed Income Taxes (60110000) 3,461,824 (37,113) (35) Current State Income Taxes (60111000) (275,944) (4,998) - Current Foreign Income Taxes (60120000) - - - Deferred Federal Income Taxes (60130000) (2,602,344) - - Deferred State Income Taxes (60131000) (84,066) 5,803 - Investment Tax Credit (60133000) - - - ---------- -------- ---- Taxes 499,470 (36,308) (35) ---------- -------- ---- Min_Int_Income(60138000) - - - ---------- -------- ---- Income before Extraordinary Items 1,596,039 (75,168) (65) ---------- -------- ---- Income/Loss from Disco Ops (60140100) - - - ---------- -------- ---- Impair on assets held for sale(60140300) - - - ---------- -------- ---- Gain/Loss on Disposal, Net - - - ---------- -------- ---- Total Discontinued Operations - - - ---------- -------- ---- Extraordinary Items (60150000) - - - ---------- -------- ---- Annual Net Income (Loss) 1,596,039 (75,168) (65) ---------- -------- ----
EXHIBIT F-7 File No.030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Other Investment CenterPoint Energy Adjustments Management, Inc. Power System, Inc. Block 368 GP, LLC Block 368, LP and Eliminations ------------------ ------------------- ----------------- ------------- ---------------- Balance Sheet Cash (10440000) 4,940 20,630 - - 2,312,705 Temporary Investments (10430200) - - - - - Special Deposits (10430300) - - - - - Customers Accounts Receivable (10420110) - - - - - Allowance for Doubtful Accts (10420115) - - - - - Unbilled Receivables (10420116) - - - - - Interest Receivables (10420126) - - - - - Current Taxes Receivable (10420127) - - - - (217,233,368) Other Receivables, net (10420118) - - - - (6,099,705) Accounts Receivable from Subs (10420210) - - - - 22,381,885 Interest Receivable from Subs (10420215) - - - - (12,277,397) Short Term Notes Rec (10330610) - - - - - ST Notes Receivable from Subs (10330210) - - - - 1,315,000 Short Term Risk Mgt Asset (10420406) - - - - - ST Non-trading derivative(10420400) - - - - - ST Inv in Time Warner CS (10420408) 420,881,623 - - - - Materials and Supplies (10410100) - - - - - Fuel Stock (10410200) - - - - - Petroleum Products (10410300) - - - - - Gas Stored Underground (10410400) - - - - - Current Deferred Tax Assets - - - - (90,912,296) Broker's Margin Asset (10420419) - - - - - Total Prepaid Expenses 1,400 - - - (95,000) Total Other Current Assets - - - - - Cur Assets From Disco Ops(10450000) - - - - 389,743,153 ----------- -------- --------- ------- -------------- Current Assets 420,887,962 20,630 - - 89,134,977 ----------- -------- --------- ------- -------------- Electric and gas plant(10320100) - - - - - Other Property(10320300) - - - - - Construction Work in Progress(10320400) - - - - - ----------- -------- --------- ------- -------------- Property, Plant and Equipment, Gross - - - - - Accumulated Depreciation(10320900) - - - - (1,000) ----------- -------- --------- ------- -------------- Property, Plant and Equipment, Net - - - - (1,000) ----------- -------- --------- ------- -------------- Goodwill(10310220) - - - - Intangibles(10310215) - - - - - Investments in Subsidiaries (10330100) - - - - (6,168,697,758) LT Notes Receivable from Subs (10330220) - - - - 84,374,884 Investments - - - - - Equity Investments - - - - - LT_Notes_Rec(10330620) - - - - - Unamort loss-reacquired debt(10640000) - - - - - Gas_purchased_in_advance(10655000) - - - - - LT Non-trading derivative (10332000) - - - - - Regulated asset(10662500) - - - - - LT_DTA_federal(10670000) - - - - - Restricted Cash(10330319) - - - - - Intercompany LT Receivable (10625000) 37,343,461 (898,800) - - (441,226,595) Total Other Deferred Debits - - - - (23,541,770) Net LTA from Disco Ops(10681000) - - - - - ----------- -------- --------- ------- -------------- Total Other Assets 37,343,461 (898,800) - - (6,549,091,239) ----------- -------- --------- ------- -------------- Total Assets 458,231,424 (878,170) - - (6,459,957,262) ----------- -------- --------- ------- --------------
EXHIBIT F-7 File No.030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Other Investment CenterPoint Energy Adjustments Management, Inc. Power System, Inc. Block 368 GP, LLC Block 368, LP and Eliminations ------------------ ------------------- ----------------- ------------- ---------------- Intercompany notes payable ST(20460200) - - - - 1,315,000 Cur portion LT Debt(20410210) - - - - - Trade accounts payable(20440100) - - - - - Other Payable, net - - - - 4,203,044 Gas Payables(20440300) - - - - - Intercompany accounts payable (20460100) - - - - 15,328,812 Intercompany interest payable (20460150) - - - - (12,277,397) Cur state income tax payable(20480115) - - - - - Cur foreign income tax payable(20480116) 1 Cur other tax payable(20480117) - - - - - Current FIT payable(20480110) (720) (15,026) - - (217,233,368) Deferred FIT payable(20480120) (279,988,030) - - - (79,731,900) Def state inc tax payable(20480125) - - - - 2,063,259 Interest accrued(20480210) - - - - - ST Risk Mgmt Liability(20480230) - - - - - ST Non-trading derivative(20480240) - - - - - Customer deposits(20510000) - - - - - Brokers margin liability(20480360) - - - - - Regulatory Liability, Current (20480370) - - - - (427,000) Current Deferred Revenue (20480260) - - - - - Other current liabilities, net - - - - (946,000) Net CL from Disco Ops(20470000) - - - - 389,743,153 ------------- --------- --- --- -------------- Current Liabilities (279,988,750) (15,026) - - 102,037,604 ------------- --------- --- --- -------------- LT debentures(20410220) - - - - - Cap lease LT portion(20410235) - - - - - IC notes payable -- LT (20460300) - - - - (116) ------------- --------- --- --- -------------- Debt - - - - (116) ------------- --------- --- --- -------------- LT deferred FIT liability(20520000) - - - - (206,881,423) LT deferred state inc tax liab(20530000) - - - - - Inv_tax_credit(20550000) - - - - - LTL Non-trading derivative(20575000) - - - - - Benefit Obligations - - - - - Regulatory Liability (20594250) - - - - - Intercompany LT Payable (20599500) 1,057 898,800 - - (357,629,466) Deferred Credits - - - - (95,000) Net LTL From Disco Ops(20560000) - - - - - ------------- --------- --- --- -------------- Long-term Liabilities 1,057 898,800 - - (564,605,889) ------------- --------- --- --- -------------- Minority Interest - - - - - Capital Stock 1,000 1,000 - - (8,010) Additional Paid-in Capital (20120000) 1,241,525,811 3,521,357 - - (10,240,746,744) Treasury Stock - Associated Company - - - - 716,080,720 FAS133_EFF_OCI (20165000) - - - - - Currency Translation Adjustment -- Plug - - - - - Benefits Minimum Liab. Adj. (20185000) - - - - - Retained Earnings/Loss (71000000) (503,307,694) (5,284,302) - - 3,527,285,174 ------------- --------- --- --- -------------- Stockholders' Equity 738,219,117 (1,761,944) - - (5,997,388,860) ------------- --------- --- --- -------------- Total Liabilities and Stockholders' Equity 458,231,424 (878,170) - - (6,459,957,260) ------------- --------- --- --- --------------
EXHIBIT F-7 File No.030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Energy Investment CenterPoint Energy Other Adjustments Management, Inc. Power System, Inc. Block 368 GP, LLC Block 368, LP and Eliminations ------------------ ------------------- ----------------- ------------- ----------------- Income Statement External Electric Revenues (30110100) - - - - - External Trading Revenues (30110201) - - - - - External Gas Distribution Rev (30110202) - - - - - Ext. Gas Transportation Rev (30110203) - - - - - Consumer Services Revenue (30110205) - - - - - External Other Revenues (30110206) - - - - (291,759,000) Intercompany Gas Revenues (30120202) - - - - (19,782,714) Intercompany Other Revenues (30120203) - - - - (31,243,926) ---------- -------- ----- ---------- ------------ Total Revenues - - - - (342,785,640) ---------- -------- ----- ---------- ------------ Natural Gas and Fuel (30510000) - - - - (22,305,627) Operating & Administrative Expenses 26,254 (484,439) - (1,677,108) (268,068,285) IC O & M Expenses (30620000) - - - - (23,628,013) Taxes Other Than Income (30620200) 60 - - - (6,262,500) Depreciation of Assets (30710100) - - - - - Amortization of Assets - - - - - ---------- -------- ----- ---------- ------------ Operating Expenses 26,314 (484,439) - (1,677,108) (320,264,426) ---------- -------- ----- ---------- ------------ Operating Income(Loss) (26,314) 484,439 - 1,677,108 (22,521,215) ---------- -------- ----- ---------- ------------ Revenue from Inv in Subs (40110200) - - 5,491 - 363,157,019 Other Nonoperating Income - - - 12,500 (224,440,500) Return on true-up balance - - - - 226,324,000 Equity Income (30840000) - - - - - Gns (Losses) from Investments (40130100) - - - - - G/L on Invest. in Time Warner (40130300) 31,592,408 - - - - Dividend Income (40135100) - - - - - Interest Revenues (40140100) 13 - - - - Oth Int and Rel Rev -- Subs (40140200) - - - - (42,190,889) ---------- -------- ----- ---------- ------------ Total Non-operating Income 31,592,422 - 5,491 12,500 322,849,630 ---------- -------- ----- ---------- ------------ Income before Interest & Taxes 31,566,108 484,439 5,491 1,689,608 300,328,416 ---------- -------- ----- ---------- ------------ Interest Exp -- LT Debt (40170100) - - - - (52,130,406) Other Interest (40170150) - - - - (905,000) Interest_Exp_Subs (40170200) - - - - (42,221,889) AFUDC -- Borrowed (40170300) - - - - - Amortization of Debt (40170500) - - - - (18,792,697) ---------- -------- ----- ---------- ------------ Interest and Related Expenses - - - - (114,049,992) ---------- -------- ----- ---------- ------------ Income before Taxes 31,566,108 484,439 5,491 1,689,608 414,378,408 ---------- -------- ----- ---------- ------------ Current Fed Income Taxes (60110000) (8,394) 169,553 - 591,363 17,927,486 Current State Income Taxes (60111000) - - - - - Current Foreign Income Taxes (60120000) - - - - - Deferred Federal Income Taxes (60130000) 11,056,532 - - - 14,808,000 Deferred State Income Taxes (60131000) - - - - - Investment Tax Credit (60133000) - - - - - ---------- -------- ----- ---------- ------------ Taxes 11,048,138 169,553 - 591,363 32,735,486 ---------- -------- ----- ---------- ------------ Min_Int_Income(60138000) - - - - - ---------- -------- ----- ---------- ------------ Income before Extraordinary Items 20,517,970 314,886 5,491 1,098,245 381,642,922 ---------- -------- ----- ---------- ------------ Income/Loss from Disco Ops (60140100) - - - - (33,293,902) ---------- -------- ----- ---------- ------------ Impair on assets held for sale(60140300) - - - - - ---------- -------- ----- ---------- ------------ Gain/Loss on Disposal, Net - - - - - ---------- -------- ----- ---------- ------------ Total Discontinued Operations - - - - (33,293,902) ---------- -------- ----- ---------- ------------ Extraordinary Items (60150000) - - - - - ---------- -------- ----- ---------- ------------ Annual Net Income (Loss) 20,517,970 314,886 5,491 1,098,245 348,349,019 ---------- -------- ----- ---------- ------------
EXHIBIT F-7 File No.030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Energy CNP CenterPoint Energy CenterPoint Energy Transition Bond Transition Bond Houston Electric Houston Electric, LLC Company, LLC Company II, LLC Eliminations ------------------ --------------------- ------------------ ----------------- ------------ Balance Sheet Cash (10440000) 24,928,260 1,683,549 23,243,711 1,000 - Special Deposits (10430300) 3,474,218 - 3,474,218 - - Customers Accounts Receivable (10420110) 64,642,621 64,642,621 - - - Allowance for Doubtful Accts (10420115) (2,104,852) (2,104,852) - - - Unbilled Receivables (10420116) 74,088,770 74,088,770 - - - Interest Receivables (10420126) 270,000 270,000 - - - Current Taxes Receivable (10420127) 62,077,594 62,077,594 - - - Other Receivables, net (10420118) 61,644,264 48,660,919 12,983,344 - - Accounts Receivable from Subs (10420210) (25,416,304) (25,406,304) - - (10,000) Interest Receivable from Subs (10420215) 10,254,105 10,254,105 - - - ST Notes Receivable from Subs (10330210) 72,818,000 72,818,000 - - - Materials and Supplies (10410100) 52,885,886 52,885,886 - - - Current Deferred Tax Assets 78,656,065 78,656,065 - - - Total Prepaid Expenses 8,727,070 8,727,070 - - - -------------- -------------- ----------- ----- ---------- Current Assets 486,945,696 447,253,423 39,701,273 1,000 (10,000) -------------- -------------- ----------- ----- ---------- Electric and gas plant(10320100) 6,141,987,419 6,141,987,419 - - - Other Property(10320300) 17,009,977 17,009,977 - - - Construction Work in Progress(10320400) 86,304,058 86,304,058 - - - -------------- -------------- ----------- ----- ---------- Property, Plant and Equipment, Gross 6,245,301,455 6,245,301,455 - - - Accumulated Depreciation(10320900) (2,203,845,503) (2,203,845,503) - - - -------------- -------------- ----------- ----- ---------- Property, Plant and Equipment, Net 4,041,455,952 4,041,455,952 - - - -------------- -------------- ----------- ----- ---------- Intangibles(10310215) 38,349,184 38,349,184 - - - Investments in Subsidiaries (10330100) - 3,739,985 - - (3,739,985) LT Notes Receivable from Subs (10330220) 750,000,000 750,000,000 - - - LT_Notes_Rec(10330620) 290,061 290,061 - - - Unamort loss-reacquired debt(10640000) 62,664,913 57,231,393 5,433,519 - - Regulated asset(10662500) 3,328,865,499 2,681,695,992 647,169,507 - - Restricted Cash(10330319) 3,011,681 3,011,681 - - - Intercompany LT Receivable (10625000) 64,512,863 64,512,863 - - - Total Other Deferred Debits 6,657,104 6,657,104 - - - -------------- -------------- ----------- ----- ---------- Total Other Assets 4,254,351,304 3,605,488,263 652,603,026 - (3,739,985) -------------- -------------- ----------- ----- ---------- Total Assets 8,782,752,953 8,094,197,639 692,304,299 1,000 (3,749,985) ============== ============== =========== ===== ==========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Energy CNP CenterPoint Energy CenterPoint Energy Transition Bond Transition Bond Houston Electric Houston Electric, LLC Company, LLC Company II, LLC Eliminations ------------------ --------------------- ------------------ ----------------- ------------ Cur portion LT Debt(20410210) 1,356,912,211 1,310,106,148 46,806,063 - - Trade accounts payable(20440100) 21,468,783 21,468,783 - - - Other Payable, net 19,383,508 19,383,508 - - - Intercompany accounts payable (20460100) 0 0 - 10,000 (10,000) Intercompany interest payable (20460150) (0) (0) - - - Cur state income tax payable(20480115) 338,968 338,968 - - - Cur other tax payable(20480117) 104,523,214 104,523,214 - - - Current FIT payable(20480110) (0) 3,500 - (3,500) - Deferred FIT payable(20480120) - - - - - Interest accrued(20480210) 67,896,910 57,396,158 10,500,752 - - Customer deposits(20510000) 3,027,503 837,688 2,189,815 - - Regulatory Liability, Current (20480370) 224,731,615 224,731,615 - - - Current Deferred Revenue (20480260) 861,901 861,901 - - - Franchise Fees accrued 35,817,000 35,817,000 - - - Other current liabilities, net 17,998,870 17,839,489 159,381 - - ------------- ------------- ----------- ------ ---------- Current Liabilities 1,852,960,483 1,793,307,972 59,656,011 6,500 (10,000) ------------- ------------- ----------- ------ ---------- LT debentures(20410220) 2,220,146,371 1,591,243,568 628,902,803 - - Cap lease LT portion(20410235) 1,185,724 1,185,724 - - - IC notes payable -- LT (20460300) 150,850,000 150,850,000 - - - ------------- ------------- ----------- ------ ---------- Debt 2,372,182,095 1,743,279,292 628,902,803 - - ------------- ------------- ----------- ------ ---------- LT deferred FIT liability(20520000) 1,377,199,078 1,377,199,078 - - - Inv_tax_credit(20550000) 48,873,732 48,873,732 - - - Benefit Obligations 128,092,124 128,092,124 - - - Regulatory Liability (20594250) 648,305,547 648,305,547 - - - Intercompany LT Payable (20599500) 303,471,778 303,471,778 - - - Deferred Credits 18,173,658 18,173,658 - - - ------------- ------------- ----------- ------ ---------- Long-term Liabilities 2,524,115,917 2,524,115,917 - - - ------------- ------------- ----------- ------ ---------- Capital Stock 1,000 1,000 - 1,000 (1,000) Additional Paid-in Capital (20120000) 2,278,090,325 2,278,090,325 3,745,485 - (3,745,485) Retained Earnings/Loss (71000000) (244,596,867) (244,596,867) - (6,500) 6,500 ------------- ------------- ----------- ------ ---------- Stockholders' Equity 2,033,494,459 2,033,494,459 3,745,485 (5,500) (3,739,985) ------------- ------------- ----------- ------ ---------- Total Liabilities and Stockholders' Equity 8,782,752,953 8,094,197,639 692,304,299 1,000 (3,749,985) ============= ============= =========== ====== ==========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint CenterPoint CNP CenterPoint Energy Energy Transition Energy Houston Transition Bond Houston Electric, Bond Company II, Electric LLC Company, LLC LLC Eliminations ------------- ------------- ------------ ----------- ------------ Income Statement External Electric Revenues (30110100) 1,333,177,650 1,258,250,071 74,927,579 - - External Other Revenues (30110206) 187,927,400 187,926,081 1,319 - - ------------- ------------- ---------- ------- ----- Total Revenues 1,521,105,050 1,446,176,153 74,928,898 - - ------------- ------------- ---------- ------- ----- Operating & Administrative Expenses 535,401,469 533,193,942 2,197,527 10,000 - IC O & M Expenses (30620000) 5,637,357 5,637,357 - - - Taxes Other Than Income (30620200) 202,661,513 202,661,513 - - - Depreciation of Assets (30710100) 229,065,833 229,065,833 - - - Amortization of Assets 54,500,902 19,466,878 35,034,024 - - ------------- ------------- ---------- ------- ----- Operating Expenses 1,027,267,074 990,025,522 37,231,552 10,000 - ------------- ------------- ---------- ------- ----- Operating Income(Loss) 493,837,977 456,150,631 37,697,346 (10,000) - ------------- ------------- ---------- ------- ----- Revenue from Inv in Subs (40110200) - (6,500) - - 6,500 Other Nonoperating Income 226,323,780 226,323,780 - - - Interest Revenues (40140100) 10,779,346 10,509,316 270,030 - - Oth Int and Rel Rev -- Subs (40140200) 32,688,927 32,688,927 - - - ------------- ------------- ---------- ------- ----- Total Non-operating Income 269,792,054 269,515,524 270,030 - 6,500 ------------- ------------- ---------- ------- ----- Income before Interest & Taxes 763,630,030 725,666,155 37,967,376 (10,000) 6,500 ------------- ------------- ---------- ------- ----- Interest Exp -- LT Debt (40170100) 262,815,201 262,815,201 - - - Other Interest (40170150) 37,966,827 1,456,824 36,510,003 - - Interest_Exp_Subs (40170200) 15,016,821 15,016,821 - - - AFUDC -- Borrowed (40170300) (2,311,999) (2,311,999) - - - Amortization of Debt (40170500) 31,200,700 29,743,327 1,457,372 - - ------------- ------------- ---------- ------- ----- Interest and Related Expenses 344,687,550 306,720,174 37,967,376 - - ------------- ------------- ---------- ------- ----- Income before Taxes 418,942,480 418,945,980 - (10,000) 6,500 ------------- ------------- ---------- ------- ----- Current Fed Income Taxes (60110000) 56,645,037 56,648,537 - (3,500) - Current State Income Taxes (60111000) 1,733,771 1,733,771 - - - Deferred Federal Income Taxes (60130000) 85,513,537 85,513,537 - - - Investment Tax Credit (60133000) (6,971,292) (6,971,292) - - - ------------- ------------- ---------- ------- ----- Taxes 136,921,054 136,924,554 - (3,500) - ------------- ------------- ---------- ------- ----- Income before Extraordinary Items 282,021,427 282,021,427 - (6,500) 6,500 ------------- ------------- ---------- ------- ----- Extraordinary Items (60150000) 977,336,477 977,336,477 - - - ------------- ------------- ---------- ------- ----- Annual Net Income (Loss) (695,315,050) (695,315,050) - (6,500) 6,500 ============= ============= ========== ======= =====
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated Consolidated CenterPoint CenterPoint CenterPoint CenterPoint Consolidated CNP - Mississippi Energy Energy Energy Energy Gas CenterPoint River Resources Resources Intrastate Transmission Energy Field Transmission Corp Corp. Holdings Co. Services, Inc. Corp ------------- ------------- ------------ ------------- -------------- ----------------- Balance Sheet Cash (10440000) 18,506,266 15,579,210 861 708,395 273,549 93,121 Temporary Investments (10430200) 121,959,702 121,959,702 - - - - Special Deposits (10430300) 1,515,591 17,309 - - - 47,500 Customers Accounts Receivable (10420110) 584,570,708 44,808,746 - 8,328,960 (2,424,444) 4,180,702 Allowance for Doubtful Accts (10420115) (27,932,882) (14,288,954) - - - - Unbilled Receivables (10420116) 502,162,826 501,928,945 - - - - Current Taxes Receivable (10420127) 155,155,774 155,155,774 - - - - Other Receivables, net (10420118) 55,942,638 21,308,485 2,906 2,896,874 - - Accounts Receivable from Subs (10420210) (29,848,677) 9,195,693 - 19,656,287 9,023,477 1,110,490 Interest Receivable from Subs (10420215) - - - - - - Short Term Notes Rec (10330610) 127,742 127,742 - - - - ST Notes Receivable from Subs (10330210) 41,836,000 192,104,119 10,332 159,046,582 89,011,712 3,670,397 Short Term Risk Mgt Asset (10420406) 4,211,042 - - - - - ST Non-trading derivative(10420400) 50,219,326 - - - - - Materials and Supplies (10410100) 25,016,581 16,912,253 - 3,365,228 2,510,627 2,228,473 Fuel Stock (10410200) 3,909,974 3,909,974 - - - - Petroleum Products (10410300) 139,761 - - - 139,761 - Gas Stored Underground (10410400) 170,181,850 134,346,916 - 9,926 - - Current Deferred Tax Assets 12,256,231 12,256,231 - - - - Broker's Margin Asset (10420419) 7,503,189 - - - - - Total Prepaid Expenses 8,308,237 (8,048,435) - 264,926 223,146 124,853 Total Other Current Assets 78,929,606 569,037 - 52,277,010 - 25,786,882 ------------- ------------- --------- ------------- ----------- ----------- Current Assets 1,784,671,485 1,207,842,748 14,099 246,554,189 98,757,828 37,242,419 ------------- ------------- --------- ------------- ----------- ----------- Electric and gas plant (10320100) 4,162,150,125 2,411,245,676 1,973,708 1,151,980,076 318,073,196 222,639,454 Other Property(10320300) 33,230,404 32,172,171 - 573,650 - 1,821,520 Construction Work in Progress (10320400) 100,680,710 49,183,877 - 16,476,631 23,917,743 10,404,591 ------------- ------------- --------- ------------- ----------- ----------- Property, Plant and Equipment, Gross 4,296,061,239 2,492,601,724 1,973,708 1,169,030,356 341,990,939 234,865,566 Accumulated Depreciation (10320900) (461,978,510) (287,262,661) (799,864) (104,579,781) (26,016,294) (21,101,728) ------------- ------------- --------- ------------- ----------- ----------- Property, Plant and Equipment, Net 3,834,082,729 2,205,339,062 1,173,844 1,064,450,575 315,974,645 213,763,838 ------------- ------------- --------- ------------- ----------- ----------- Goodwill(10310220) 1,740,509,927 1,008,067,973 - 430,915,384 22,148,468 147,963,795 Intangibles(10310215) 19,719,169 19,719,169 - - - - Investments in Subsidiaries (10330100) 5,336,000 2,732,702,089 - - - - LT Notes Receivable from Subs (10330220) (574,636) 240,875,508 - - - - Investments 9,628,946 9,627,946 - - - - Equity Investments 13,462,365 - - - 13,462,365 - LT_Notes_Rec(10330620) 1,499,595 53,226 - - - - Unamort loss-reacquired debt(10640000) 65,293,232 65,293,232 - - - - Gas_purchased_in_advance(10655000) (3,591) - - (3,591) - - LT Non-trading derivative (10332000) 17,681,825 - - - - - Regulated asset(10662500) 21,078,377 21,078,377 - - - - Intercompany LT Receivable (10625000) 18,771,934 4,296,089 - 16,081,683 428,437 1,264,568 Total Other Deferred Debits 1,793,630 (1,297,736) - 753,981 - 2,239,591 ------------- ------------- --------- ------------- ----------- ----------- Total Other Assets 1,914,196,772 4,100,415,872 - 447,747,457 36,039,269 151,467,954 ------------- ------------- --------- ------------- ----------- ----------- Total Assets 7,532,950,986 7,513,597,683 1,187,943 1,758,752,220 450,771,742 402,474,211 ============= ============= ========= ============= =========== =========== CenterPoint CenterPoint CenterPoint CenterPoint Energy Energy Energy Minnesota ALG Energy Hub Gas Alternative Allied Intrastate Gas Intrastate Services, Services, Fuels, Materials Pipeline Supply Pipelines, Inc. Inc. Inc. Corporation Company Co Inc. ----------- ----------- ----------- ----------- ----------- ------ ----------- Balance Sheet Cash (10440000) - 1,530,458 (161) - 528 - 86,679 Temporary Investments (10430200) - - - - - - - Special Deposits (10430300) - 1,450,783 - - - - - Customers Accounts Receivable (10420110) - 171,021,322 (19,545) - - - 11,606,849 Allowance for Doubtful Accts (10420115) - - 50,409 - - - - Unbilled Receivables (10420116) - - 24,342 - - - 209,539 Current Taxes Receivable (10420127) - - - - - - - Other Receivables, net (10420118) - 27,655,206 492,522 - - - - Accounts Receivable from Subs (10420210) - 124,454,200 16,318 - 552,690 - 21,448,882 Interest Receivable from Subs (10420215) - - - - - - - Short Term Notes Rec (10330610) - - - - - - - ST Notes Receivable from Subs (10330210) - 165,738,682 - - 3,393 - 77,695,860 Short Term Risk Mgt Asset (10420406) - 4,211,042 - - - - - ST Non-trading derivative(10420400) - 50,219,326 - - - - - Materials and Supplies (10410100) - - - - - - - Fuel Stock (10410200) - - - - - - - Petroleum Products (10410300) - - - - - - - Gas Stored Underground (10410400) - 35,825,007 - - - - - Current Deferred Tax Assets - - - - - - - Broker's Margin Asset (10420419) - 7,503,189 - - - - - Total Prepaid Expenses - 15,671,306 9,853 - - - - Total Other Current Assets - - - - - - - -- ----------- --------- -- ----------- -- ----------- Current Assets - 605,280,520 573,739 - 556,611 - 111,047,808 -- ----------- --------- -- ----------- -- ----------- Electric and gas plant(10320100) - (5,113,969) 1,266,612 - 15,162,123 - 23,310,687 Other Property(10320300) - - - - - - - Construction Work in Progress(10320400) - 544,061 - - - - (11,111) -- ----------- --------- -- ----------- -- ----------- Property, Plant and Equipment, Gross - (4,569,909) 1,266,612 - 15,162,123 - 23,299,575 Accumulated Depreciation(10320900) - 5,985,504 (432,428) - (10,776,167) - (12,040,773) -- ----------- --------- -- ----------- -- ----------- Property, Plant and Equipment, Net - 1,415,596 834,184 - 4,385,956 - 11,258,802 -- ----------- --------- -- ----------- -- ----------- Goodwill(10310220) - 131,414,306 - - - - - Intangibles(10310215) - - - - - - - Investments in Subsidiaries (10330100) - - - - - - - LT Notes Receivable from Subs (10330220) - 160,567,703 - - - - 6,507,790 Investments - 1,000 - - - - - Equity Investments - - - - - - - LT_Notes_Rec(10330620) - - - - - - - Unamort loss-reacquired debt(10640000) - - - - - - - Gas_purchased_in_advance(10655000) - - - - - - - LT Non-trading derivative (10332000) - 17,681,825 - - - - - Regulated asset(10662500) - - - - - - - Intercompany LT Receivable (10625000) - 9,025,549 31,777 - - 9 86,955 Total Other Deferred Debits - 108,225 - - - - - -- ----------- --------- -- ----------- -- ----------- Total Other Assets - 318,798,609 31,777 - - 9 6,594,744 -- ----------- --------- -- ----------- -- ----------- Total Assets - 925,494,724 1,439,701 - 4,942,566 9 128,901,354 == =========== ========= == =========== == ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated Consolidated Consolidated CenterPoint CenterPoint CNP - CenterPoint CenterPoint CenterPoint Energy Energy Mississippi Energy Energy Energy Gas Field River Resources Resources Intrastate Transmission Services, Transmission Corp Corp. Holdings Co. Inc. Corp ------------- ------------- ------------ ------------- ------------ ------------ Intercompany notes payable ST (20460200) (0) 365,708,598 248,777 - 1,666,664 4,448 Cur portion LT Debt (20410210) 366,872,900 366,872,900 - - - - Trade accounts payable (20440100) 35,024,474 17,013,445 - 2,574,970 10,208,638 99,952 Other Payable, net 36,052,495 21,322,987 - 3,158,871 5,873,578 1,166,510 Gas Payables (20440300) 727,584,039 335,704,892 - 364,858 (1,435,110) - Intercompany accounts payable (20460100) (0) 123,633,748 3,082 15,662,592 5,879,632 6,404,087 Intercompany interest payable (20460150) - 1,772,136 - 1,669,281 414,151 377,859 Cur state income tax payable (20480115) 15,299,528 6,254,577 - 2,573,135 1,368,204 (456,866) Cur foreign income tax payable (20480116) 462 462 - - - - Cur other tax payable (20480117) 62,501,955 48,861,216 565 6,427,345 999,074 1,647,714 Current FIT payable (20480110) 0 (44,670,116) 294 (2,185,155) (1,969,287) (743,674) Deferred FIT payable (20480120) 0 (98,447) - - - - Def state inc tax payable (20480125) - (2,063,259) - - - - Interest accrued (20480210) 57,741,335 57,531,774 - 150,000 - 50,000 ST Risk Mgmt Liability (20480230) 4,641,416 - - - - - ST Non-trading derivative (20480240) 26,323,220 - - - - - Customer deposits (20510000) 60,164,027 59,586,475 - 217,025 - 201,177 Brokers margin liability (20480360) 1,230,715 - - - - - Regulatory Liability, Current (20480370) 427,020 427,020 - - - - Other current liabilities, net 266,696,178 197,522,601 - 47,655,655 1,134,173 15,996,584 ------------- ------------- ----------- ------------- ------------ ------------ Current Liabilities 1,660,559,763 1,555,381,009 252,718 78,268,576 24,139,716 24,747,791 ------------- ------------- ----------- ------------- ------------ ------------ LT debentures (20410220) 1,995,010,823 1,995,010,823 - - - - IC notes payable -- LT (20460300) 5,684,999 591,295,284 1,610,793 548,649,290 130,113,054 93,894,259 ------------- ------------- ----------- ------------- ------------ ------------ Debt 2,000,695,822 2,586,306,107 1,610,793 548,649,290 130,113,054 93,894,259 ------------- ------------- ----------- ------------- ------------ ------------ LT deferred FIT liability (20520000) 448,260,356 88,012,844 90,611 252,701,946 77,553,718 32,729,847 LT deferred state inc tax liab (20530000) 192,519,289 120,372,330 - 56,571,091 13,586,913 3,395,025 Inv_tax_credit (20550000) 4,816,692 4,816,692 - - - - LTL Non-trading derivative (20575000) 6,412,438 - - - - - Benefit Obligations 128,536,741 107,717,710 - 10,893,906 1,354,309 1,914,142 Regulatory Liability (20594250) 433,064,392 412,490,302 - 375,971 - 20,198,119 Intercompany LT Payable (20599500) (0) 10,566,759 1,337 3,220,630 1,506,270 542,642 Deferred Credits 118,766,592 96,039,935 - 11,859,426 1,603,053 5,685,361 ------------- ------------- ----------- ------------- ------------ ------------ Long-term Liabilities 1,332,376,501 840,016,572 91,948 335,622,969 95,604,264 64,465,135 ------------- ------------- ----------- ------------- ------------ ------------ Minority Interest 172,085 - 172,085 - - - Capital Stock 10 10 - 1,000 1,000 847,000 Additional Paid-in Capital (20120000) 2,231,907,476 2,172,369,488 - 1,676,010,806 92,342,369 318,225,987 FAS133_EFF_OCI (20165000) 1,948,573 (2,180,808) - - - - Retained Earnings/Loss (71000000) 305,290,756 361,705,305 (939,601) (879,800,422) 108,571,340 (99,705,961) ------------- ------------- ----------- ------------- ------------ ------------ Stockholders' Equity 2,539,146,815 2,531,893,995 (939,601) 796,211,385 200,914,708 219,367,026 ------------- ------------- ----------- ------------- ------------ ------------ Total Liabilities and Stockholders' Equity 7,532,950,986 7,513,597,683 1,187,943 1,758,752,220 450,771,742 402,474,211 ============= ============= =========== ============= ============ ============ CenterPoint CenterPoint CenterPoint CenterPoint Energy Energy Energy Minnesota ALG Energy Hub Gas Alternative Allied Intrastate Gas Intrastate Services, Services, Fuels, Materials Pipeline Supply Pipelines, Inc. Inc. Inc. Corporation Company Co Inc. --------- ----------- ----------- ----------- ----------- ------ ----------- Intercompany notes payable ST (20460200) - 10,269,620 3,594,000 - 791,430 - 1,469,545 Cur portion LT Debt (20410210) - - - - - - - Trade accounts payable (20440100) - 43,162 70,350 - - 9 (559,357) Other Payable, net - 5,215,886 5,493 - - - 33,561 Gas Payables (20440300) - 367,300,198 - - - - 25,649,201 Intercompany accounts payable (20460100) - 65,844,224 109,894 - 7,698 - 12,359,878 Intercompany interest payable (20460150) - 1,343,877 - - - - - Cur state income tax payable (20480115) - 2,547,134 (26,586) - 825,902 - 1,133,820 Cur foreign income tax payable (20480116) - - - - - - - Cur other tax payable (20480117) - 3,348,430 (117) - 251,955 - 500,386 Current FIT payable (20480110) - 670,439 174,390 76,211 34,979 - (1,459,972) Deferred FIT payable (20480120) - 98,447 - - - - - Def state inc tax payable (20480125) - 2,063,259 - - - - - Interest accrued (20480210) - - - - - - 9,561 ST Risk Mgmt Liability (20480230) - 4,641,416 - - - - - ST Non-trading derivative (20480240) - 26,323,220 - - - - - Customer deposits (20510000) - - - - - - 159,350 Brokers margin liability (20480360) - 1,230,715 - - - - - Regulatory Liability, Current (20480370) - - - - - - - Other current liabilities, net - 1,460,256 - - - - 224,220 -- ----------- ---------- ----------- ---------- -- ----------- Current Liabilities - 492,400,284 3,927,423 76,211 1,911,964 9 39,520,192 -- ----------- ---------- ----------- ---------- -- ----------- LT debentures (20410220) - - - - - - - IC notes payable -- LT (20460300) - 320,462,669 - 194,437 - - 46,949,501 -- ----------- ---------- ----------- ---------- -- ----------- Debt - 320,462,669 - 194,437 - - 46,949,501 -- ----------- ---------- ----------- ---------- -- ----------- LT deferred FIT liability (20520000) - (4,287,103) 665,670 - 482,517 - 2,225,123 LT deferred state inc tax liab (20530000) - (1,531,112) 89,619 - 71,827 - 311,336 Inv_tax_credit (20550000) - - - - - - - LTL Non-trading derivative (20575000) - 6,412,438 - - - - - Benefit Obligations - 2,006,313 - - - - - Regulatory Liability (20594250) - - - - - - - Intercompany LT Payable (20599500) - 6,279,759 - - - - 5,446,521 Deferred Credits - 1,148,008 1,082 1,780,867 - - 20 -- ----------- ---------- ----------- ---------- -- ----------- Long-term Liabilities - 10,028,303 756,371 1,780,867 554,344 - 7,983,000 -- ----------- ---------- ----------- ---------- -- ----------- Minority Interest - - - - - - - Capital Stock - 2,000 - 1,000 2,000 - 3,000 Additional Paid-in Capital (20120000) - 183,371,673 1,305,075 34,213,337 4,085,706 - 5,238,138 FAS133_EFF_OCI (20165000) - 4,129,381 - - - - - Retained Earnings/Loss (71000000) - (84,899,585) (4,549,169) (36,265,852) (1,611,447) - 29,207,524 -- ----------- ---------- ----------- ---------- -- ----------- Stockholders' Equity - 102,603,469 (3,244,093) (2,051,515) 2,476,259 - 34,448,662 -- ----------- ---------- ----------- ---------- -- ----------- Total Liabilities and Stockholders' Equity - 925,494,724 1,439,701 - 4,942,566 9 128,901,354 == =========== ========== =========== ========== == ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Consolidated Consolidated CenterPoint CenterPoint CenterPoint CenterPoint CenterPoint Energy Energy Energy Energy Gas Energy Resources Resources Intrastate Transmission Field Corp Corp. Holdings Co. Services, Inc. ------------ ------------- ------------ ------------- -------------- Income Statement External Trading Revenues (30110201) 11,287,954 3,786,982 - - - External Gas Distribution Rev (30110202) 6,515,873,730 3,439,811,045 - 30,150,198 (790,756) Ext. Gas Transportation Rev (30110203) 200,115,412 16,153,811 - 93,242,761 45,931,022 Consumer Services Revenue (30110205) 111,152,952 102,334,514 - - - External Other Revenues (30110206) 123,025,335 57,015,043 - 18,239,301 21,868,412 Intercompany Gas Revenues (30120202) 19,782,714 1,514,937 - 103,236,120 22,639,970 Intercompany Other Revenues (30120203) 2,206,594 43,500 - 11,820,395 2,753,925 ------------- ------------- -------- ----------- ---------- Total Revenues 6,983,444,690 3,620,659,831 - 256,688,775 92,402,574 ------------- ------------- -------- ----------- ---------- Natural Gas and Fuel (30510000) 5,524,450,993 2,273,622,698 - 25,524,736 (3,556,841) IC Natural Gas & Fuel (30520000) - 364,791,533 - 13,720,924 (5,479,396) Operating & Administrative Expenses 729,509,624 540,819,501 12,271 10,188,963 35,797,668 IC O & M Expenses (30620000) 2,449,595 4,494,453 594 69,039,751 4,654,448 Taxes Other Than Income (30620200) 146,890,487 128,196,503 48,700 10,786,935 2,066,635 Depreciation of Assets (30710100) 171,481,307 131,200,705 132,209 23,092,159 7,450,202 Amortization of Assets 15,746,971 10,523,590 - 1,461,991 882,936 ------------- ------------- -------- ----------- ---------- Operating Expenses 6,590,528,977 3,453,648,983 193,774 153,815,458 41,815,652 ------------- ------------- -------- ----------- ---------- Operating Income(Loss) 392,915,714 167,010,848 (193,774) 102,873,316 50,586,922 ------------- ------------- -------- ----------- ---------- Revenue from Inv in Subs (40110200) 333,500 154,508,375 - - - Other Nonoperating Income 2,879,807 3,332,844 (9,509) (627,662) 44,472 Equity Income (30840000) 2,098,650 - - - 2,098,650 Gns (Losses) from Investments (40130100) (169,208) (169,208) - - - Dividend Income (40135100) 4 4 - - - Interest Revenues (40140100) 1,496,597 1,340,874 - 572 - Oth Int and Rel Rev -- Subs (40140200) 9,170,669 26,386,954 - 8,251,094 2,223,268 ------------- ------------- -------- ----------- ---------- Total Non-operating Income 15,810,018 185,399,844 (9,509) 7,624,004 4,366,390 ------------- ------------- -------- ----------- ---------- Income before Interest & Taxes 408,725,732 352,410,692 (203,283) 110,497,320 54,953,311 ------------- ------------- -------- ----------- ---------- Interest Exp -- LT Debt (40170100) 168,380,674 168,380,674 - - - Other Interest (40170150) 1,621,081 1,519,773 - 592 7,042 Interest_Exp_Subs (40170200) 356,336 47,181,023 141,332 28,396,042 4,507,137 AFUDC -- Borrowed (40170300) (1,790,770) (1,071,828) - (266,436) (352,873) Amortization of Debt (40170500) 9,617,625 9,617,625 - - - ------------- ------------- -------- ----------- ---------- Interest and Related Expenses 178,184,945 225,627,266 141,332 28,130,198 4,161,306 ------------- ------------- -------- ----------- ---------- Income before Taxes 230,540,787 126,783,426 (344,615) 82,367,122 50,792,005 ------------- ------------- -------- ----------- ---------- Current Fed Income Taxes (60110000) 85,590,351 8,042,025 (82,221) 20,491,326 7,580,021 Current State Income Taxes (60111000) 9,774,281 (2,659,654) - 7,831,199 1,317,883 Current Foreign Income Taxes (60120000) (524) (524) - - - Deferred Federal Income Taxes (60130000) (1,909,628) (7,222,910) (1,920) 1,594,212 8,979,576 Deferred State Income Taxes (60131000) (6,422,211) (14,949,009) - 11,402,105 2,356,461 Investment Tax Credit (60133000) (535,524) (535,524) - - - ------------- ------------- -------- ----------- ---------- Taxes 86,496,745 (17,325,596) (84,141) 41,318,842 20,233,941 ------------- ------------- -------- ----------- ---------- Min_Int_Income(60138000) 64,980 - 64,980 - - ------------- ------------- -------- ----------- ---------- Income before Extraordinary Items 144,109,022 144,109,022 (195,494) 41,048,280 30,558,064 ------------- ------------- -------- ----------- ---------- Annual Net Income (Loss) 144,109,022 144,109,022 (195,494) 41,048,280 30,558,064 ============= ============= ======== =========== ========== Consolidated CNP - Mississippi River CenterPoint CenterPoint CenterPoint Allied Transmission Energy Hub Energy Gas Energy Alternative Materials Corp Services, Inc. Services, Inc. Fuels, Inc. Corporation ------------- -------------- -------------- ------------------ ----------- Income Statement External Trading Revenues (30110201) - - 7,500,972 - - External Gas Distribution Rev (30110202) 20,790,642 - 2,769,999,349 - - Ext. Gas Transportation Rev (30110203) 40,437,339 - - - - Consumer Services Revenue (30110205) 8,818,438 - - - - External Other Revenues (30110206) 1,602,586 - 123,902 1,119,650 - Intercompany Gas Revenues (30120202) 13,380,050 - 426,490,138 - - Intercompany Other Revenues (30120203) 1,269,345 - - 277,199 - ---------- ------ ------------- --------- ------- Total Revenues 86,298,400 - 3,204,114,361 1,396,850 - ---------- ------ ------------- --------- ------- Natural Gas and Fuel (30510000) 22,035,400 - 3,082,038,639 174,971 - IC Natural Gas & Fuel (30520000) 2,370,245 - 67,049,199 - - Operating & Administrative Expenses (1,832,800) - 16,982,178 1,351,769 (65,120) IC O & M Expenses (30620000) 30,680,425 - 1,117,689 - - Taxes Other Than Income (30620200) 3,168,618 (272) 155,977 21,347 - Depreciation of Assets (30710100) 7,956,424 - 412,747 173,067 - Amortization of Assets 796,723 - - - - ---------- ------ ------------- --------- ------- Operating Expenses 65,175,035 (272) 3,167,756,429 1,721,154 (65,120) ---------- ------ ------------- --------- ------- Operating Income(Loss) 21,123,364 272 36,357,932 (324,304) 65,120 ---------- ------ ------------- --------- ------- Revenue from Inv in Subs (40110200) - - - - - Other Nonoperating Income 141,207 - 16,744 - - Equity Income (30840000) - - - - - Gns (Losses) from Investments (40130100) - - - - - Dividend Income (40135100) - - - - - Interest Revenues (40140100) - - 154,409 9 - Oth Int and Rel Rev -- Subs (40140200) 409,886 - 9,576,387 - - ---------- ------ ------------- --------- ------- Total Non-operating Income 551,092 - 9,747,540 9 - ---------- ------ ------------- --------- ------- Income before Interest & Taxes 21,674,457 272 46,105,472 (324,295) 65,120 ---------- ------ ------------- --------- ------- Interest Exp -- LT Debt (40170100) - - - - - Other Interest (40170150) 6,471 - 76,815 - - Interest_Exp_Subs (40170200) 4,438,609 6,043 14,873,025 315,284 8,536 AFUDC -- Borrowed (40170300) (99,633) - - - - Amortization of Debt (40170500) - - - - - ---------- ------ ------------- --------- ------- Interest and Related Expenses 4,345,446 6,043 14,949,839 315,284 8,536 ---------- ------ ------------- --------- ------- Income before Taxes 17,329,010 (5,771) 31,155,633 (639,579) 56,584 ---------- ------ ------------- --------- ------- Current Fed Income Taxes (60110000) 10,549,910 (2,019) 12,526,312 (487,165) - Current State Income Taxes (60111000) (8,156) - 1,849,468 (26,586) - Current Foreign Income Taxes (60120000) - - - - - Deferred Federal Income Taxes (60130000) (3,878,715) - (1,317,813) 242,587 - Deferred State Income Taxes (60131000) (2,576,372) - (2,624,348) 89,619 - Investment Tax Credit (60133000) - - - - - ---------- ------ ------------- --------- ------- Taxes 4,086,667 (2,019) 10,433,619 (181,545) - ---------- ------ ------------- --------- ------- Min_Int_Income(60138000) - - - - - ---------- ------ ------------- --------- ------- Income before Extraordinary Items 13,242,343 (3,752) 20,722,014 (458,034) 56,584 ---------- ------ ------------- --------- ------- Annual Net Income (Loss) 13,242,343 (3,752) 20,722,014 (458,034) 56,584 ========== ====== ============= ========= ======= Minnesota CenterPoint Intrastate Energy Pipeline ALG Gas Intrastate Company Supply Co Pipelines, Inc. ---------- --------- --------------- Income Statement External Trading Revenues (30110201) - - - External Gas Distribution Rev (30110202) - - 255,913,252 Ext. Gas Transportation Rev (30110203) - - 3,911,894 Consumer Services Revenue (30110205) - - - External Other Revenues (30110206) - - - Intercompany Gas Revenues (30120202) 2,775,423 - 889,396 Intercompany Other Revenues (30120203) - - - --------- ---- ----------- Total Revenues 2,775,423 - 260,714,541 --------- ---- ----------- Natural Gas and Fuel (30510000) - - 124,691,112 IC Natural Gas & Fuel (30520000) - - 121,985,883 Operating & Administrative Expenses 74,903 - 3,143,145 IC O & M Expenses (30620000) - - 276,738 Taxes Other Than Income (30620200) 31,328 - 2,280,109 Depreciation of Assets (30710100) 56,691 - 859,212 Amortization of Assets 17,887 - - --------- ---- ----------- Operating Expenses 180,808 - 253,236,199 --------- ---- ----------- Operating Income(Loss) 2,594,615 - 7,478,342 --------- ---- ----------- Revenue from Inv in Subs (40110200) - - - Other Nonoperating Income - - - Equity Income (30840000) - - - Gns (Losses) from Investments (40130100) - - - Dividend Income (40135100) - - - Interest Revenues (40140100) - - - Oth Int and Rel Rev -- Subs (40140200) 6,253 - 7,007,726 --------- ---- ----------- Total Non-operating Income 6,253 - 7,007,726 --------- ---- ----------- Income before Interest & Taxes 2,600,868 - 14,486,068 --------- ---- ----------- Interest Exp -- LT Debt (40170100) - - - Other Interest (40170150) - - 9,566 Interest_Exp_Subs (40170200) 69,393 - 286,621 AFUDC -- Borrowed (40170300) - - - Amortization of Debt (40170500) - - - --------- ---- ----------- Interest and Related Expenses 69,393 - 296,186 --------- ---- ----------- Income before Taxes 2,531,475 - 14,189,882 --------- ---- ----------- Current Fed Income Taxes (60110000) 761,315 - 5,046,122 Current State Income Taxes (60111000) 248,650 - 708,767 Current Foreign Income Taxes (60120000) - - - Deferred Federal Income Taxes (60130000) 34,340 - (306,518) Deferred State Income Taxes (60131000) 9,525 - (8,716) Investment Tax Credit (60133000) - - - --------- ---- ----------- Taxes 1,053,830 - 5,439,655 --------- ---- ----------- Min_Int_Income(60138000) - - - --------- ---- ----------- Income before Extraordinary Items 1,477,645 - 8,750,226 --------- ---- ----------- Annual Net Income (Loss) 1,477,645 - 8,750,226 ========= ==== ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Consolidated Energy - CenterPoint Arkansas Illinois Energy Louisiana National Arkla Gas Pipeline Finance Furnace Industries, Transmission Services, Corporation Company Inc. Co. Inc. ----------- -------- ----------- ------------ ------------ Balance Sheet Cash (10440000) 645 923 - 430 199,614 Temporary Investments (10430200) - - - - - Special Deposits (10430300) - - - - - Customers Accounts Receivable (10420110) (1,402,740) - - 45,709 1,172,945 Allowance for Doubtful Accts (10420115) (596,534) - - - (153,886) Unbilled Receivables (10420116) - - - - - Current Taxes Receivable (10420127) - - - - - Other Receivables, net (10420118) - - - 59,650 3,526,994 Accounts Receivable from Subs (10420210) 202,273 14,085 - 243,484 16,375,042 Interest Receivable from Subs (10420215) - - - - - Short Term Notes Rec (10330610) - - - - - ST Notes Receivable from Subs (10330210) 6,345,541 - - - 7,491,783 Short Term Risk Mgt Asset (10420406) - - - - - ST Non-trading derivative (10420400) - - - - - Materials and Supplies (10410100) - - - - - Fuel Stock (10410200) - - - - - Petroleum Products (10410300) - - - - - Gas Stored Underground (10410400) - - - - - Current Deferred Tax Assets - - - - - Broker's Margin Asset (10420419) - - - - - Total Prepaid Expenses - - - - 62,586 Total Other Current Assets - - - 296,676 - ---------- ------- ----------- ----------- ----------- Current Assets 4,549,185 15,008 - 645,949 28,675,078 ---------- ------- ----------- ----------- ----------- Electric and gas plant (10320100) 193,223 - - 10,153,497 11,265,843 Other Property (10320300) - - - - (1,336,937) Construction Work in Progress (10320400) - - - - 164,918 ---------- ------- ----------- ----------- ----------- Property, Plant and Equipment, Gross 193,223 - - 10,153,497 10,093,824 Accumulated Depreciation(10320900) (128,882) - - (207,418) (4,618,019) ---------- ------- ----------- ----------- ----------- Property, Plant and Equipment, Net 64,341 - - 9,946,080 5,475,805 ---------- ------- ----------- ----------- ----------- Goodwill (10310220) - - - - - Intangibles (10310215) - - - - - Investments in Subsidiaries (10330100) - - - - - LT Notes Receivable from Subs (10330220) - - - - - Investments - - - - - Equity Investments - - - - - LT_Notes_Rec (10330620) 1,446,369 - - - - Unamort loss-reacquired debt (10640000) - - - - - Gas_purchased_in_advance (10655000) - - - - - LT Non-trading derivative (10332000) - - - - - Regulated asset (10662500) - - - - - Intercompany LT Receivable (10625000) 5,975 - - - 3,264,942 Total Other Deferred Debits 5,700 - - - (16,130) ---------- ------- ----------- ----------- ----------- Total Other Assets 1,458,044 - - - 3,248,812 ---------- ------- ----------- ----------- ----------- Total Assets 6,071,570 15,008 - 10,592,029 37,399,695 ========== ======= =========== =========== =========== CenterPoint CenterPoint Energy Funds Energy Gas Management, Receivables, Inc. LLC Eliminations -------------- ------------ -------------- Balance Sheet Cash (10440000) 31,015 1,001 - Temporary Investments (10430200) - - - Special Deposits (10430300) - - - Customers Accounts Receivable (10420110) - 347,252,205 - Allowance for Doubtful Accts (10420115) - (12,943,916) - Unbilled Receivables (10420116) - - - Current Taxes Receivable (10420127) - - - Other Receivables, net (10420118) - - - Accounts Receivable from Subs (10420210) - - (232,141,597) Interest Receivable from Subs (10420215) 5,577,304 - (5,577,304) Short Term Notes Rec (10330610) - - - ST Notes Receivable from Subs (10330210) - - (659,282,401) Short Term Risk Mgt Asset (10420406) - - - ST Non-trading derivative (10420400) - - - Materials and Supplies (10410100) - - - Fuel Stock (10410200) - - - Petroleum Products (10410300) - - - Gas Stored Underground (10410400) - - - Current Deferred Tax Assets - - - Broker's Margin Asset (10420419) - - - Total Prepaid Expenses - - - Total Other Current Assets - - - -------------- ------------ -------------- Current Assets 5,608,319 334,309,289 (897,001,302) -------------- ------------ -------------- Electric and gas plant (10320100) - - - Other Property (10320300) - - - Construction Work in Progress (10320400) - - - -------------- ------------ -------------- Property, Plant and Equipment, Gross - - - Accumulated Depreciation (10320900) - - - -------------- ------------ -------------- Property, Plant and Equipment, Net - - - -------------- ------------ -------------- Goodwill (10310220) - - - Intangibles (10310215) - - - Investments in Subsidiaries (10330100) - - (2,727,366,089) LT Notes Receivable from Subs (10330220) 1,338,685,492 - (1,747,211,128) Investments - - - Equity Investments - - - LT_Notes_Rec (10330620) - - - Unamort loss-reacquired debt (10640000) - - - Gas_purchased_in_advance (10655000) - - - LT Non-trading derivative (10332000) - - - Regulated asset (10662500) - - - Intercompany LT Receivable (10625000) - 12,943,916 (28,657,967) Total Other Deferred Debits - - - -------------- ------------ -------------- Total Other Assets 1,338,685,492 12,943,916 (4,503,235,184) -------------- ------------ -------------- Total Assets 1,344,293,811 347,253,206 (5,400,236,485) ============== ============ ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Consolidated Energy - CenterPoint Arkansas Illinois Energy Louisiana National Arkla Gas Pipeline Finance Furnace Industries, Transmission Services, Corporation Company Inc. Co. Inc. ----------- ----------- ----------- ------------ ------------ Intercompany notes payable ST(20460200) - 804,425 4,417 11,055,794 - Cur portion LT Debt(20410210) - - - - - Trade accounts payable(20440100) - - - 153 5,573,152 Other Payable, net - 450 - 33 2,371,128 Gas Payables(20440300) - - - - - Intercompany accounts payable (20460100) - 5,462 - 109,160 2,149,576 Intercompany interest payable (20460150) - - - - - Cur state income tax payable(20480115) 41,119 (704) (129,119) - 1,168,911 Cur foreign income tax payable(20480116) - - - - - Cur other tax payable(20480117) - 1,629 - (18,366) 482,125 Current FIT payable(20480110) (46,473) 64,155 (2,923,585) 20,095 (1,293,688) Deferred FIT payable(20480120) - - - - - Def state inc tax payable(20480125) - - - - - Interest accrued(20480210) - - - - - ST Risk Mgmt Liability(20480230) - - - - - ST Non-trading derivative(20480240) - - - - - Customer deposits(20510000) - - - - - Brokers margin liability(20480360) - - - - - Regulatory Liability, Current (20480370) - - - - - Other current liabilities, net 46,000 - - 2,628 2,654,061 ----------- ----------- ----------- ------------ ------------ Current Liabilities 40,645 875,417 (3,048,287) 11,169,498 13,105,265 ----------- ----------- ----------- ------------ ------------ LT debentures(20410220) - - - - - IC notes payable -- LT (20460300) 4,648,755 - 14,906,653 - 171,432 ----------- ----------- ----------- ------------ ------------ Debt 4,648,755 - 14,906,653 - 171,432 ----------- ----------- ----------- ------------ ------------ LT deferred FIT liability(20520000) (142,923) (180,973) (1,397,050) 1,455,306 (1,649,178) LT deferred state inc tax liab(20530000) (44,544) - - - (303,195) Inv_tax_credit(20550000) - - - - - LTL Non-trading derivative(20575000) - - - - - Benefit Obligations - - - - 4,650,361 Regulatory Liability (20594250) - - - - - Intercompany LT Payable (20599500) 4,442 - 2,080 - 3 Deferred Credits - - - 189,845 458,997 ----------- ----------- ----------- ------------ ------------ Long-term Liabilities (183,025) (180,973) (1,394,970) 1,645,151 3,156,989 ----------- ----------- ----------- ------------ ------------ Minority Interest - - - - - Capital Stock 250,000 - 3,000,000 1,000 1,000 Additional Paid-in Capital (20120000) 426,319 12,411,286 408,706 - 5,409,782 FAS133_EFF_OCI (20165000) - - - - - Retained Earnings/Loss (71000000) 888,877 (13,090,723) (13,872,103) (2,223,620) 15,555,226 ----------- ----------- ----------- ------------ ------------ Stockholders' Equity 1,565,195 (679,437) (10,463,397) (2,222,620) 20,966,008 ----------- ----------- ----------- ------------ ------------ Total Liabilities and Stockholders' Equity 6,071,570 15,007 - 10,592,029 37,399,695 =========== =========== =========== ============ ============ CenterPoint CenterPoint Energy Funds Energy Gas Management, Receivables, Inc. LLC Eliminations -------------- ------------ -------------- Intercompany notes payable ST(20460200) - 263,664,653 (659,282,371) Cur portion LT Debt(20410210) - - - Trade accounts payable(20440100) - - - Other Payable, net - - (3,096,002) Gas Payables(20440300) - - - Intercompany accounts payable (20460100) - - (232,169,032) Intercompany interest payable (20460150) - - (5,577,304) Cur state income tax payable(20480115) - - - Cur foreign income tax payable(20480116) - - - Cur other tax payable(20480117) - - - Current FIT payable(20480110) 54,251,387 - - Deferred FIT payable(20480120) - - - Def state inc tax payable(20480125) - - - Interest accrued(20480210) - - - ST Risk Mgmt Liability(20480230) - - - ST Non-trading derivative(20480240) - - - Customer deposits(20510000) - - - Brokers margin liability(20480360) - - - Regulatory Liability, Current (20480370) - - - Other current liabilities, net - - - -------------- ------------ -------------- Current Liabilities 54,251,387 263,664,653 (900,124,709) -------------- ------------ -------------- LT debentures(20410220) - - - IC notes payable -- LT (20460300) - - (1,747,211,128) -------------- ------------ -------------- Debt - - (1,747,211,128) -------------- ------------ -------------- LT deferred FIT liability(20520000) - - - LT deferred state inc tax liab(20530000) - - - Inv_tax_credit(20550000) - - - LTL Non-trading derivative(20575000) - - - Benefit Obligations - - - Regulatory Liability (20594250) - - - Intercompany LT Payable (20599500) - 1,087,552 (28,657,996) Deferred Credits - - - -------------- ------------ -------------- Long-term Liabilities - 1,087,552 (28,657,996) -------------- ------------ -------------- Minority Interest - - - Capital Stock - 1,000 (4,110,000) Additional Paid-in Capital (20120000) 1,148,567,750 82,500,000 (3,504,978,946) FAS133_EFF_OCI (20165000) - - - Retained Earnings/Loss (71000000) 141,474,674 1 784,846,293 -------------- ------------ -------------- Stockholders' Equity 1,290,042,424 82,501,001 (2,724,242,653) -------------- ------------ -------------- Total Liabilities and Stockholders' Equity 1,344,293,811 347,253,206 (5,400,236,485) ============== ============ ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 CenterPoint Consolidated Energy - CenterPoint Arkansas Illinois Energy Louisiana National Arkla Gas Pipeline Finance Furnace Industries, Transmission Services, Corporation Company Inc. Co. Inc. ----------- ----------- ----------- ------------ ------------ Income Statement External Trading Revenues (30110201) - - - - - External Gas Distribution Rev (30110202) - - - - - Ext. Gas Transportation Rev (30110203) - - - 438,587 - Consumer Services Revenue (30110205) - - - - - External Other Revenues (30110206) - - - - 23,056,440 Intercompany Gas Revenues (30120202) - - - - - Intercompany Other Revenues (30120203) - - - - 102,889,740 ----------- ----------- ----------- ------------ ------------ Total Revenues - - - 438,587 125,946,180 ----------- ----------- ----------- ------------ ------------ Natural Gas and Fuel (30510000) - - - (79,722) - IC Natural Gas & Fuel (30520000) - - - - - Operating & Administrative Expenses 30,958 8,039 115 30,326 117,853,107 IC O & M Expenses (30620000) 33,909 - - 398,762 384,629 Taxes Other Than Income (30620200) 5,492 650 (1,431) 12,222 117,674 Depreciation of Assets (30710100) 1,012 - - 146,879 - Amortization of Assets - - - - 2,063,844 ----------- ----------- ----------- ------------ ------------ Operating Expenses 71,371 8,689 (1,316) 508,467 120,419,255 ----------- ----------- ----------- ------------ ------------ Operating Income(Loss) (71,371) (8,689) 1,316 (69,880) 5,526,925 ----------- ----------- ----------- ------------ ------------ Revenue from Inv in Subs (40110200) - - - - - Other Nonoperating Income - - - - (18,289) Equity Income (30840000) - - - - - Gns (Losses) from Investments (40130100) - - - - - Dividend Income (40135100) - - - - - Interest Revenues (40140100) - - - - 554 Oth Int and Rel Rev -- Subs (40140200) 113,841 - - - 431,253 ----------- ----------- ----------- ------------ ------------ Total Non-operating Income 113,841 - - - 413,517 ----------- ----------- ----------- ------------ ------------ Income before Interest & Taxes 42,469 (8,689) 1,316 (69,880) 5,940,442 ----------- ----------- ----------- ------------ ------------ Interest Exp -- LT Debt (40170100) - - - - - Other Interest (40170150) - - - - 823 Interest_Exp_Subs (40170200) 25,909 60,313 1,143,079 847,953 4,654 AFUDC -- Borrowed (40170300) - - - - - Amortization of Debt (40170500) - - - - - ----------- ----------- ----------- ------------ ------------ Interest and Related Expenses 25,909 60,313 1,143,079 847,953 5,478 ----------- ----------- ----------- ------------ ------------ Income before Taxes 16,561 (69,002) (1,141,763) (917,833) 5,934,965 ----------- ----------- ----------- ------------ ------------ Current Fed Income Taxes (60110000) (2,018) (24,150) (399,617) (577,605) 2,330,968 Current State Income Taxes (60111000) (342) - - - 513,051 Current Foreign Income Taxes (60120000) - - - - - Deferred Federal Income Taxes (60130000) 5,944 - - 256,550 (294,961) Deferred State Income Taxes (60131000) 5,681 - - (537) (126,620) Investment Tax Credit (60133000) - - - - - ----------- ----------- ----------- ------------ ------------ Taxes 9,265 (24,150) (399,617) (321,592) 2,422,438 ----------- ----------- ----------- ------------ ------------ Min_Int_Income(60138000) - - - - - ----------- ----------- ----------- ------------ ------------ Income before Extraordinary Items 7,296 (44,852) (742,146) (596,241) 3,512,527 ----------- ----------- ----------- ------------ ------------ Annual Net Income (Loss) 7,296 (44,852) (742,146) (596,241) 3,512,527 =========== =========== =========== ============ ============ CenterPoint CenterPoint Energy Funds Energy Gas Management, Receivables, Inc. LLC Eliminations -------------- ------------ -------------- Income Statement External Trading Revenues (30110201) - - - External Gas Distribution Rev (30110202) - - - Ext. Gas Transportation Rev (30110203) - - - Consumer Services Revenue (30110205) - - - External Other Revenues (30110206) - - - Intercompany Gas Revenues (30120202) - - (551,143,320) Intercompany Other Revenues (30120203) - 8,655,951 (125,503,462) -------------- ------------ -------------- Total Revenues - 8,655,951 (676,646,782) -------------- ------------ -------------- Natural Gas and Fuel (30510000) - - (0) IC Natural Gas & Fuel (30520000) - - (564,438,389) Operating & Administrative Expenses 29,240 5,085,361 - IC O & M Expenses (30620000) 6,000 - (108,637,802) Taxes Other Than Income (30620200) - - - Depreciation of Assets (30710100) - - - Amortization of Assets - - - -------------- ------------ -------------- Operating Expenses 35,240 5,085,361 (673,076,191) -------------- ------------ -------------- Operating Income(Loss) (35,240) 3,570,591 (3,570,591) -------------- ------------ -------------- Revenue from Inv in Subs (40110200) - - (154,174,876) Other Nonoperating Income - - - Equity Income (30840000) - - - Gns (Losses) from Investments (40130100) - - - Dividend Income (40135100) - - - Interest Revenues (40140100) 179 - - Oth Int and Rel Rev -- Subs (40140200) 56,712,624 - (101,948,615) -------------- ------------ -------------- Total Non-operating Income 56,712,803 - (256,123,491) -------------- ------------ -------------- Income before Interest & Taxes 56,677,563 3,570,591 (259,694,081) -------------- ------------ -------------- Interest Exp -- LT Debt (40170100) - - - Other Interest (40170150) - - 0 Interest_Exp_Subs (40170200) - 3,570,590 (105,519,206) AFUDC -- Borrowed (40170300) - - - Amortization of Debt (40170500) - - - -------------- ------------ -------------- Interest and Related Expenses - 3,570,590 (105,519,206) -------------- ------------ -------------- Income before Taxes 56,677,563 1 (154,174,876) -------------- ------------ -------------- Current Fed Income Taxes (60110000) 19,837,147 - - Current State Income Taxes (60111000) - - - Current Foreign Income Taxes (60120000) - - - Deferred Federal Income Taxes (60130000) - - - Deferred State Income Taxes (60131000) - - - Investment Tax Credit (60133000) - - - -------------- ------------ -------------- Taxes 19,837,147 - - -------------- ------------ -------------- Min_Int_Income(60138000) - - - -------------- ------------ -------------- Income before Extraordinary Items 36,840,416 1 (154,174,876) -------------- ------------ -------------- Annual Net Income (Loss) 36,840,416 1 (154,174,876) ============== ============ ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Pine CenterPoint Energy Pipeline Energy Intrastate Acquisition Intrastate Holdings, Company, Holdings LLC LLC Eliminations ------------ ----------- ----------- ------------ Balance Sheet Cash (10440000) 861 - 861 - Other Receivables, net (10420118) 2,906 - 2,906 - ST Notes Receivable from Subs (10330210) 10,332 10,332 - - ---------- ---------- ---------- ---------- Current Assets 14,099 10,332 3,767 - ---------- ---------- ---------- ---------- Electric and gas plant (10320100) 1,973,708 - 1,973,708 - ---------- ---------- ---------- ---------- Property, Plant and Equipment, Gross 1,973,708 - 1,973,708 - Accumulated Depreciation (10320900) (799,864) - (799,864) - ---------- ---------- ---------- ---------- Property, Plant and Equipment, Net 1,173,844 - 1,173,844 - ---------- ---------- ---------- ---------- Investments in Subsidiaries (10330100) - 753,102 - (753,102) ---------- ---------- ---------- ---------- Total Other Assets - 753,102 - (753,102) ---------- ---------- ---------- ---------- Total Assets 1,187,943 763,434 1,177,611 (753,102) ========== ========== ========== ========== Intercompany notes payable ST (20460200) 248,777 - 248,777 - Other Payable, net 0 - - 0 Intercompany accounts payable (20460100) 3,082 - 3,082 - Cur other tax payable (20480117) 565 - 565 - Current FIT payable (20480110) 294 294 - - ---------- ---------- ---------- ---------- Current Liabilities 252,718 294 252,424 0 ---------- ---------- ---------- ---------- IC notes payable -- LT (20460300) 1,610,793 1,610,793 - - ---------- ---------- ---------- ---------- Debt 1,610,793 1,610,793 - - ---------- ---------- ---------- ---------- LT deferred FIT liability (20520000) 90,611 90,611 - - Intercompany LT Payable (20599500) 1,337 1,337 - - ---------- ---------- ---------- ---------- Long-term Liabilities 91,948 91,948 - - ---------- ---------- ---------- ---------- Minority Interest 172,085 172,085 - - Capital Stock - - 1,000 (1,000) Additional Paid-in Capital (20120000) - - 1,973,000 (1,973,000) Retained Earnings/Loss (71000000) (939,601) (1,111,685) (1,048,813) 1,220,897 ---------- ---------- ---------- ---------- Stockholders' Equity (939,601) (1,111,685) 925,187 (753,103) ---------- ---------- ---------- ---------- Total Liabilities and Stockholders' Equity 1,187,943 763,434 1,177,611 (753,102) ========== ========== ========== ==========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Pine CenterPoint Energy Pipeline Energy Intrastate Acquisition Intrastate Holdings, Company, Holdings LLC LLC Eliminations ------------ ----------- ----------- ------------ Income Statement Operating & Administrative Expenses 12,271 - 12,271 - IC O & M Expenses (30620000) 594 - 594 - Taxes Other Than Income (30620200) 48,700 - 48,700 - Depreciation of Assets (30710100) 132,209 - 132,209 - ---------- ---------- ---------- -------- Operating Expenses 193,774 - 193,774 - ---------- ---------- ---------- -------- Operating Income(Loss) (193,774) - (193,774) - ---------- ---------- ---------- -------- Revenue from Inv in Subs (40110200) - (383,006) - 383,006 Other Nonoperating Income (9,509) (9,509) - - ---------- ---------- ---------- -------- Total Non-operating Income (9,509) (392,515) - 383,006 ---------- ---------- ---------- -------- Income before Interest & Taxes (203,283) (392,515) (193,774) 383,006 ---------- ---------- ---------- -------- Interest_Exp_Subs (40170200) 141,332 124,185 17,147 - ---------- ---------- ---------- -------- Interest and Related Expenses 141,332 124,185 17,147 - ---------- ---------- ---------- -------- Income before Taxes (344,615) (516,700) (210,921) 383,006 ---------- ---------- ---------- -------- Current Fed Income Taxes (60110000) (82,221) (82,221) - - Deferred Federal Income Taxes (60130000) (1,920) (1,920) - - ---------- ---------- ---------- -------- Taxes (84,141) (84,141) - - ---------- ---------- ---------- -------- Min_Int_Income (60138000) 64,980 64,980 - - ---------- ---------- ---------- -------- Income before Extraordinary Items (195,494) (367,579) (210,921) 383,006 ---------- ---------- ---------- -------- Annual Net Income (Loss) (195,494) (367,579) (210,921) 383,006 ========== ========== ========== ========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint CenterPoint CenterPoint Energy Energy Energy Gas Field Field Processing, Services, Inc. Services, Inc. Inc. Eliminations -------------- -------------- ----------- ------------ Balance Sheet Cash (10440000) 273,549 273,549 - - Customers Accounts Receivable (10420110) (2,424,444) (2,424,444) - - Accounts Receivable from Subs (10420210) 9,023,477 9,023,477 - - ST Notes Receivable from Subs (10330210) 89,011,712 90,974,660 - (1,962,947) Materials and Supplies (10410100) 2,510,627 2,510,627 - - Petroleum Products (10410300) 139,761 - 139,761 - Total Prepaid Expenses 223,146 223,146 - - ------------ ------------ ----------- ----------- Current Assets 98,757,828 100,581,014 139,761 (1,962,947) ------------ ------------ ----------- ----------- Electric and gas plant (10320100) 318,073,196 318,073,196 - - Construction Work in Progress (10320400) 23,917,743 23,917,743 - - ------------ ------------ ----------- ----------- Property, Plant and Equipment, Gross 341,990,939 341,990,939 - - Accumulated Depreciation (10320900) (26,016,294) (26,016,294) - - ------------ ------------ ----------- ----------- Property, Plant and Equipment, Net 315,974,645 315,974,645 - - ------------ ------------ ----------- ----------- Goodwill (10310220) 22,148,468 22,148,468 - - Investments in Subsidiaries (10330100) - 13,508,673 - (13,508,673) LT Notes Receivable from Subs (10330220) - 16,580,708 19,231,989 (35,812,697) Equity Investments 13,462,365 - 13,462,365 - Intercompany LT Receivable (10625000) 428,437 428,437 - - ------------ ------------ ----------- ----------- Total Other Assets 36,039,269 52,666,285 32,694,354 (49,321,370) ------------ ------------ ----------- ----------- Total Assets 450,771,742 469,221,944 32,834,115 (51,284,317) ============ ============ =========== ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint CenterPoint CenterPoint Energy Energy Energy Gas Field Field Processing, Services, Inc. Services, Inc. Inc. Eliminations -------------- -------------- ----------- ------------ Intercompany notes payable ST (20460200) 1,666,664 1,666,664 1,962,947 (1,962,947) Trade accounts payable (20440100) 10,208,638 10,208,638 - - Other Payable, net 5,873,578 5,873,578 - - Gas Payables (20440300) (1,435,110) (1,435,110) - - Intercompany accounts payable (20460100) 5,879,632 5,879,632 - - Intercompany interest payable (20460150) 414,151 414,151 - - Cur state income tax payable (20480115) 1,368,204 1,140,627 227,577 - Cur other tax payable (20480117) 999,074 953,504 45,570 - Current FIT payable (20480110) (1,969,287) (1,605,518) (363,769) - Other current liabilities, net 1,134,173 1,134,173 - - ------------ ------------ ----------- ----------- Current Liabilities 24,139,716 24,230,339 1,872,324 (1,962,947) ------------ ------------ ----------- ----------- IC notes payable -- LT (20460300) 130,113,054 147,535,592 18,390,159 (35,812,697) ------------ ------------ ----------- ----------- Debt 130,113,054 147,535,592 18,390,159 (35,812,697) ------------ ------------ ----------- ----------- LT deferred FIT liability (20520000) 77,553,718 78,378,775 (825,057) - LT deferred state inc tax liab (20530000) 13,586,913 13,698,897 (111,984) - Benefit Obligations 1,354,309 1,354,309 - - Intercompany LT Payable (20599500) 1,506,270 1,506,270 - - Deferred Credits 1,603,053 1,603,053 - - ------------ ------------ ----------- ----------- Long-term Liabilities 95,604,264 96,541,305 (937,041) - ------------ ------------ ----------- ----------- Capital Stock 1,000 1,000 - - Additional Paid-in Capital (20120000) 92,342,369 92,342,369 11,481,021 (11,481,021) Retained Earnings/Loss (71000000) 108,571,340 108,571,340 2,027,652 (2,027,652) ------------ ------------ ----------- ----------- Stockholders' Equity 200,914,708 200,914,708 13,508,673 (13,508,673) ------------ ------------ ----------- ----------- Total Liabilities and Stockholders' Equity 450,771,742 469,221,944 32,834,115 (51,284,317) ============ ============ =========== ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint CenterPoint CenterPoint Energy Energy Energy Gas Field Field Processing, Services, Inc. Services, Inc. Inc. Eliminations -------------- -------------- ----------- ------------ Income Statement External Gas Distribution Rev (30110202) (790,756) (790,756) - - Ext. Gas Transportation Rev (30110203) 45,931,022 45,931,022 - - External Other Revenues (30110206) 21,868,412 15,772,292 6,096,120 - Intercompany Gas Revenues (30120202) 22,639,970 22,639,970 - - Intercompany Other Revenues (30120203) 2,753,925 2,753,925 413,973 (413,973) ------------ ------------ ----------- ----------- Total Revenues 92,402,574 86,306,454 6,510,093 (413,973) ------------ ------------ ----------- ----------- Natural Gas and Fuel (30510000) (3,556,841) (6,786,668) 3,229,827 - IC Natural Gas & Fuel (30520000) (5,479,396) (5,883,927) 818,505 (413,973) Operating & Administrative Expenses 35,797,668 35,797,668 - - IC O & M Expenses (30620000) 4,654,448 4,654,448 - - Taxes Other Than Income (30620200) 2,066,635 2,021,065 45,570 - Depreciation of Assets (30710100) 7,450,202 7,450,202 - - Amortization of Assets 882,936 882,936 - - ------------ ------------ ----------- ----------- Operating Expenses 41,815,652 38,135,724 4,093,902 (413,973) ------------ ------------ ----------- ----------- Operating Income(Loss) 50,586,922 48,170,730 2,416,192 - ------------ ------------ ----------- ----------- Revenue from Inv in Subs (40110200) - 2,799,370 - (2,799,370) Other Nonoperating Income 44,472 44,472 - - Equity Income (30840000) 2,098,650 - 2,098,650 - Oth Int and Rel Rev -- Subs (40140200) 2,223,268 2,223,268 - - ------------ ------------ ----------- ----------- Total Non-operating Income 4,366,390 5,067,110 2,098,650 (2,799,370) ------------ ------------ ----------- ----------- Income before Interest & Taxes 54,953,311 53,237,840 4,514,842 (2,799,370) ------------ ------------ ----------- ----------- Other Interest (40170150) 7,042 7,042 - - Interest_Exp_Subs (40170200) 4,507,137 4,385,397 121,740 - AFUDC -- Borrowed (40170300) (352,873) (352,873) - - ------------ ------------ ----------- ----------- Interest and Related Expenses 4,161,306 4,039,566 121,740 - ------------ ------------ ----------- ----------- Income before Taxes 50,792,005 49,198,274 4,393,101 (2,799,370) ------------ ------------ ----------- ----------- Current Fed Income Taxes (60110000) 7,580,021 6,228,473 1,351,548 - Current State Income Taxes (60111000) 1,317,883 1,139,073 178,810 - Deferred Federal Income Taxes (60130000) 8,979,576 8,823,767 155,809 - Deferred State Income Taxes (60131000) 2,356,461 2,448,897 (92,436) - ------------ ------------ ----------- ----------- Taxes 20,233,941 18,640,210 1,593,731 - ------------ ------------ ----------- ----------- Income before Extraordinary Items 30,558,064 30,558,064 2,799,370 (2,799,370) ------------ ------------ ----------- ----------- Annual Net Income (Loss) 30,558,064 30,558,064 2,799,370 (2,799,370) ============ ============ =========== ===========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CNP - CNP - CenterPoint Mississippi Mississippi Energy River River MRT Transmission Transmission Services Corporation Corp Company Eliminations ------------ ------------ ----------- ------------ Balance Sheet Cash (10440000) 93,121 93,121 - - Special Deposits (10430300) 47,500 47,500 - - Customers Accounts Receivable (10420110) 4,180,702 4,180,702 - - Accounts Receivable from Subs (10420210) 1,110,490 1,110,490 - - ST Notes Receivable from Subs (10330210) 3,670,397 3,670,397 - - Materials and Supplies (10410100) 2,228,473 2,228,473 - - Total Prepaid Expenses 124,853 124,853 - - Total Other Current Assets 25,786,882 25,786,882 - - ------------ ------------ ----------- ------------ Current Assets 37,242,419 37,242,419 - - ------------ ------------ ----------- ------------ Electric and gas plant (10320100) 222,639,454 215,158,103 7,481,351 - Other Property (10320300) 1,821,520 1,821,520 - - Construction Work in Progress (10320400) 10,404,591 10,404,591 - - ------------ ------------ ----------- ------------ Property, Plant and Equipment, Gross 234,865,566 227,384,215 7,481,351 - Accumulated Depreciation (10320900) (21,101,728) (19,324,127) (1,777,601) - ------------ ------------ ----------- ------------ Property, Plant and Equipment, Net 213,763,838 208,060,088 5,703,750 - ------------ ------------ ----------- ------------ Goodwill (10310220) 147,963,795 147,963,795 - - Investments in Subsidiaries (10330100) - 933,454 - (933,454) Intercompany LT Receivable (10625000) 1,264,568 954,081 310,487 - Total Other Deferred Debits 2,239,591 2,239,591 - - ------------ ------------ ----------- ------------ Total Other Assets 151,467,954 152,090,921 310,487 (933,454) ------------ ------------ ----------- ------------ Total Assets 402,474,211 397,393,427 6,014,237 (933,454) ============ ============ =========== ============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CNP - CNP - CenterPoint Mississippi Mississippi Energy River River MRT Transmission Transmission Services Corporation Corp Company Eliminations ------------ ------------ ----------- ------------ Intercompany notes payable ST (20460200) 4,448 4,448 - - Trade accounts payable (20440100) 99,952 99,952 - - Other Payable, net 1,166,510 1,166,510 - - Intercompany accounts payable (20460100) 6,404,087 6,404,087 - - Intercompany interest payable (20460150) 377,859 377,859 - - Cur state income tax payable (20480115) (456,866) (347,463) (109,403) - Cur other tax payable (20480117) 1,647,714 1,647,714 - - Current FIT payable (20480110) (743,674) (751,830) 8,156 - Interest accrued (20480210) 50,000 50,000 - - Customer deposits (20510000) 201,177 201,177 - - Other current liabilities, net 15,996,584 15,996,584 - - ------------ ------------ ----------- ------------ Current Liabilities 24,747,791 24,849,037 (101,246) - ------------ ------------ ----------- ------------ IC notes payable -- LT (20460300) 93,894,259 89,755,779 4,138,480 - ------------ ------------ ----------- ------------ Debt 93,894,259 89,755,779 4,138,480 - ------------ ------------ ----------- ------------ LT deferred FIT liability (20520000) 32,729,847 31,966,971 762,876 - LT deferred state inc tax liab (20530000) 3,395,025 3,199,812 195,213 - Benefit Obligations 1,914,142 1,914,142 - - Regulatory Liability (20594250) 20,198,119 20,198,119 - - Intercompany LT Payable (20599500) 542,642 534,754 7,888 - Deferred Credits 5,685,361 5,607,787 77,574 - ------------ ------------ ----------- ------------ Long-term Liabilities 64,465,135 63,421,584 1,043,551 - ------------ ------------ ----------- ------------ Capital Stock 847,000 847,000 1,000 (1,000) Additional Paid-in Capital (20120000) 318,225,987 318,225,987 - - Retained Earnings/Loss (71000000) (99,705,961) (99,705,961) 932,454 (932,454) ------------ ------------ ----------- ------------ Stockholders' Equity 219,367,026 219,367,026 933,454 (933,454) ------------ ------------ ----------- ------------ Total Liabilities and Stockholders' Equity 402,474,211 397,393,427 6,014,237 (933,454) ============ ============ =========== ============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CNP - Mississippi River CNP - Mississippi CenterPoint Energy Transmission River Transmission MRT Services Corporation Corp Company Eliminations ------------------ ------------------ ------------------ ------------ Income Statement External Gas Distribution Rev (30110202) 20,790,642 20,790,642 - - Ext. Gas Transportation Rev (30110203) 40,437,339 40,437,339 - - Consumer Services Revenue (30110205) 8,818,438 8,818,438 - - External Other Revenues (30110206) 1,602,586 1,292,291 310,295 - Intercompany Gas Revenues (30120202) 13,380,050 13,380,050 - - Intercompany Other Revenues (30120203) 1,269,345 1,269,345 - - ---------- ---------- -------- ------- Total Revenues 86,298,400 85,988,105 310,295 - ---------- ---------- -------- ------- Natural Gas and Fuel (30510000) 22,035,400 22,035,400 - - IC Natural Gas & Fuel (30520000) 2,370,245 2,370,245 - - Operating & Administrative Expenses (1,832,800) (1,833,005) 205 - IC O & M Expenses (30620000) 30,680,425 30,680,425 - - Taxes Other Than Income (30620200) 3,168,618 3,161,708 6,910 - Depreciation of Assets (30710100) 7,956,424 7,763,582 192,842 - Amortization of Assets 796,723 796,723 - - ---------- ---------- -------- ------- Operating Expenses 65,175,035 64,975,078 199,958 - ---------- ---------- -------- ------- Operating Income(Loss) 21,123,364 21,013,027 110,337 - ---------- ---------- -------- ------- Revenue from Inv in Subs (40110200) - (112,337) - 112,337 Other Nonoperating Income 141,207 141,207 - - Oth Int and Rel Rev -- Subs (40140200) 409,886 409,886 - - ---------- ---------- -------- ------- Total Non-operating Income 551,092 438,755 - 112,337 ---------- ---------- -------- ------- Income before Interest & Taxes 21,674,457 21,451,782 110,337 112,337 ---------- ---------- -------- ------- Other Interest (40170150) 6,471 6,455 16 - Interest_Exp_Subs (40170200) 4,438,609 4,124,248 314,361 - AFUDC -- Borrowed (40170300) (99,633) (99,633) - - ---------- ---------- -------- ------- Interest and Related Expenses 4,345,446 4,031,070 314,376 - ---------- ---------- -------- ------- Income before Taxes 17,329,010 17,420,712 (204,039) 112,337 ---------- ---------- -------- ------- Current Fed Income Taxes (60110000) 10,549,910 10,574,854 (24,944) - Current State Income Taxes (60111000) (8,156) 246 (8,402) - Deferred Federal Income Taxes (60130000) (3,878,715) (3,843,294) (35,421) - Deferred State Income Taxes (60131000) (2,576,372) (2,553,437) (22,935) - ---------- ---------- -------- ------- Taxes 4,086,667 4,178,369 (91,702) - ---------- ---------- -------- ------- Income before Extraordinary Items 13,242,343 13,242,343 (112,337) 112,337 ---------- ---------- -------- ------- Annual Net Income (Loss) 13,242,343 13,242,343 (112,337) 112,337 ========== ========== ======== =======
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Energy CenterPoint Energy Pipeline Services, CenterPoint Energy Pipeline Services Inc. Inc. OQ, LLC Eliminations ---------------------- ------------------ ------------------ ------------ Balance Sheet Cash (10440000) 199,614 199,453 161 - Temporary Investments (10430200) - - - - Special Deposits (10430300) - - - - Customers Accounts Receivable (10420110) 1,172,945 1,172,945 - - Allowance for Doubtful Accts (10420115) (153,886) (153,886) - - Unbilled Receivables (10420116) - - - - Current Taxes Receivable (10420127) - - - - Other Receivables, net (10420118) 3,526,994 3,526,994 - - Accounts Receivable from Subs (10420210) 16,375,042 16,375,042 47,602 (47,602) Interest Receivable from Subs (10420215) - - - - Short Term Notes Rec (10330610) - - - - ST Notes Receivable from Subs (10330210) 7,491,783 7,105,783 386,000 - Short Term Risk Mgt Asset (10420406) - - - - ST Non-trading derivative(10420400) - - - - Materials and Supplies (10410100) - - - - Fuel Stock (10410200) - - - - Petroleum Products (10410300) - - - - Gas Stored Underground (10410400) - - - - Current Deferred Tax Assets - - - - Broker's Margin Asset (10420419) - - - - Total Prepaid Expenses 62,586 62,586 - - Total Other Current Assets - - - - ---------- ---------- ----------- ------- Current Assets 28,675,078 28,288,917 433,763 (47,602) ---------- ---------- ----------- ------- Electric and gas plant(10320100) 11,265,843 11,265,843 - - Other Property(10320300) (1,336,937) (1,336,937) - - Construction Work in Progress(10320400) 164,918 164,918 - - ---------- ---------- ----------- ------- Property, Plant and Equipment, Gross 10,093,824 10,093,824 - - Accumulated Depreciation(10320900) (4,618,019) (4,618,019) - - ---------- ---------- ----------- ------- Property, Plant and Equipment, Net 5,475,805 5,475,805 - - ---------- ---------- ----------- ------- Goodwill(10310220) - - - - Intangibles(10310215) - - - - Investments in Subsidiaries (10330100) - 524,987 - (524,987) LT Notes Receivable from Subs (10330220) - - - - Investments - - - - Equity Investments - - - - LT_Notes_Rec(10330620) - - - - Unamort loss-reacquired debt(10640000) - - - - Gas_purchased_in_advance(10655000) - - - - LT Non-trading derivative (10332000) - - - - Regulated asset(10662500) - - - - Intercompany LT Receivable (10625000) 3,264,942 3,264,939 3 - Total Other Deferred Debits (16,130) (16,130) - - ---------- ---------- ----------- -------- Total Other Assets 3,248,812 3,773,795 3 (524,987) ---------- ---------- ----------- -------- Total Assets 37,399,695 37,538,517 433,766 (572,588) ========== ========== =========== ========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Energy CenterPoint Energy Pipeline Services, CenterPoint Energy Pipeline Services Inc. Inc. OQ, LLC Eliminations ---------------------- ------------------ ------------------ ------------ Intercompany notes payable ST(20460200) - - - - Cur portion LT Debt(20410210) - - - - Trade accounts payable(20440100) 5,573,152 5,573,152 - - Other Payable, net 2,371,128 2,371,128 - - Gas Payables(20440300) - - - - Intercompany accounts payable (20460100) 2,149,576 2,197,177 - (47,602) Intercompany interest payable (20460150) - - - - Cur state income tax payable(20480115) 1,168,911 1,165,628 3,283 - Cur foreign income tax payable(20480116) - - - - Cur other tax payable(20480117) 482,125 482,125 - - Current FIT payable(20480110) (1,293,688) (1,276,427) (17,261) - Deferred FIT payable(20480120) - - - - Def state inc tax payable(20480125) - - - - Interest accrued(20480210) - - - - ST Risk Mgmt Liability(20480230) - - - - ST Non-trading derivative(20480240) - - - - Customer deposits(20510000) - - - - Brokers margin liability(20480360) - - - - Regulatory Liability, Current (20480370) - - - - Other current liabilities, net 2,654,061 2,654,061 - - ---------- ---------- ------- ------- Current Liabilities 13,105,265 13,166,845 (13,978) (47,602) ---------- ---------- ------- ------- LT debentures(20410220) - - - - IC notes payable -- LT (20460300) 171,432 - 171,432 - ---------- ---------- ------- ------- Debt 171,432 - 171,432 - ---------- ---------- ------- ------- LT deferred FIT liability(20520000) (1,649,178) (1,415,460) (233,718) - LT deferred state inc tax liab(20530000) (303,195) (288,235) (14,960) - Inv_tax_credit(20550000) - - - - LTL Non-trading derivative(20575000) - - - - Benefit Obligations 4,650,361 4,650,361 - - Regulatory Liability (20594250) - - - - Intercompany LT Payable (20599500) 3 - 3 - Deferred Credits 458,997 458,997 - - ---------- ---------- ------- ------- Long-term Liabilities 3,156,989 3,405,664 (248,675) - ---------- ---------- ------- ------- Minority Interest - - - - Capital Stock 1,000 1,000 1,000 (1,000) Additional Paid-in Capital (20120000) 5,409,782 5,409,782 73,605 (73,605) FAS133_EFF_OCI (20165000) - - - - Retained Earnings/Loss (71000000) 15,555,226 15,555,226 450,382 (450,382) ---------- ---------- ------- ------- Stockholders' Equity 20,966,008 20,966,008 524,987 (524,987) ---------- ---------- ------- ------- Total Liabilities and Stockholders' Equity 37,399,695 37,538,517 433,766 (572,588) ========== ========== ======= =======
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated CenterPoint Energy CenterPoint Energy Pipeline Services, CenterPoint Energy Pipeline Services Inc. Inc. OQ, LLC Eliminations ---------------------- ------------------ ------------------ ------------ Income Statement External Trading Revenues (30110201) - - - - External Gas Distribution Rev (30110202) - - - - Ext. Gas Transportation Rev (30110203) - - - - Consumer Services Revenue (30110205) - - - - External Other Revenues (30110206) 23,056,440 22,887,928 168,512 - Intercompany Gas Revenues (30120202) - - - - Intercompany Other Revenues (30120203) 102,889,740 102,889,740 - - ----------- ----------- ------- -------- Total Revenues 125,946,180 125,777,668 168,512 - ----------- ----------- ------- -------- Natural Gas and Fuel (30510000) - - - - IC Natural Gas & Fuel (30520000) - - - - Operating & Administrative Expenses 117,853,107 117,837,603 15,504 - IC O & M Expenses (30620000) 384,629 384,629 - - Taxes Other Than Income (30620200) 117,674 117,674 - - Depreciation of Assets (30710100) - - - - Amortization of Assets 2,063,844 2,063,844 - - ----------- ----------- ------- -------- Operating Expenses 120,419,255 120,403,751 15,504 - ----------- ----------- ------- -------- Operating Income(Loss) 5,526,925 5,373,918 153,008 - ----------- ----------- ------- -------- Revenue from Inv in Subs (40110200) - 123,323 - (123,323) Other Nonoperating Income (18,289) (18,289) - - Equity Income (30840000) - - - - Gns (Losses) from Investments (40130100) - - - - Dividend Income (40135100) - - - - Interest Revenues (40140100) 554 554 - - Oth Int and Rel Rev -- Subs (40140200) 431,253 412,462 18,791 - ----------- ----------- ------- -------- Total Non-operating Income 413,517 518,049 18,791 (123,323) ----------- ----------- ------- -------- Income before Interest & Taxes 5,940,442 5,891,966 171,799 (123,323) ----------- ----------- ------- -------- Interest Exp -- LT Debt (40170100) - - - - Other Interest (40170150) 823 823 - - Interest_Exp_Subs (40170200) 4,654 4,654 - - AFUDC -- Borrowed (40170300) - - - - Amortization of Debt (40170500) - - - - ----------- ----------- ------- -------- Interest and Related Expenses 5,478 5,478 - - ----------- ----------- ------- -------- Income before Taxes 5,934,965 5,886,489 171,799 (123,323) ----------- ----------- ------- -------- Current Fed Income Taxes (60110000) 2,330,968 2,149,389 181,579 - Current State Income Taxes (60111000) 513,051 516,039 (2,988) - Current Foreign Income Taxes (60120000) - - - - Deferred Federal Income Taxes (60130000) (294,961) (179,806) (115,155) - Deferred State Income Taxes (60131000) (126,620) (111,660) (14,960) - Investment Tax Credit (60133000) - - - - ----------- ----------- ------- -------- Taxes 2,422,438 2,373,962 48,476 - ----------- ----------- ------- -------- Min_Int_Income(60138000) - - - - ----------- ----------- ------- -------- Income before Extraordinary Items 3,512,527 3,512,527 123,323 (123,323) ----------- ----------- ------- -------- Annual Net Income (Loss) 3,512,527 3,512,527 123,323 (123,323) =========== =========== ======= ========
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Texas Texas Genco Texas Genco GP, Texas Genco LP, Genco Holdings, Inc. Holdings, Inc. LLC LLC -------------------- -------------- --------------- --------------- Balance Sheet Cash (10440000) 0 41,635,067 976 1,808 Temporary Investments (10430200) - - - - Other Receivables, net (10420118) 0 (42,035,677) 135,000 - Accounts Receivable from Subs (10420210) 0 376,889 - - ST Notes Receivable from Subs (10330210) - (1,315,000) - - Materials and Supplies (10410100) (0) - - - Total Prepaid Expenses - - - - Cur Assets From Disco Ops(10450000) 124,024,793 - - - ------------- ----------- --------- ----------- Current Assets 124,024,793 (1,338,722) 135,976 1,808 ------------- ----------- --------- ----------- Electric and gas plant(10320100) 0 - - - Nuclear Plant(10320200) - - - - Construction Work in Progress(10320400) 0 - - - ------------- ----------- --------- ----------- Property, Plant and Equipment, Gross 0 - - - Accumulated Depreciation(10320900) (0) (0) - - ------------- ----------- --------- ----------- Property, Plant and Equipment, Net 0 (0) - - ------------- ----------- --------- ----------- Intangibles(10310215) - - - - Investments in Subsidiaries (10330100) - 391,085,457 3,911,687 387,256,971 Unamort loss-reacquired debt(10640000) - - - - Restricted Cash(10330319) - - - - Intercompany LT Receivable (10625000) 0 (782,668) - - Total Other Deferred Debits 0 - - - Net LTA from Disco Ops(10681000) 944,315,908 34,539,370 - - ------------- ----------- --------- ----------- Total Other Assets 944,315,908 424,842,159 3,911,687 387,256,971 ------------- ----------- --------- ----------- Total Assets 1,068,340,701 423,503,437 4,047,664 387,258,778 ============= =========== ========= =========== Adjustments for Discontinued Texas Genco LP Operations Eliminations -------------- --------------- ------------ Balance Sheet Cash (10440000) 1,857,566 (43,495,417) - Temporary Investments (10430200) 22,039,000 (22,039,000) - Other Receivables, net (10420118) 70,313,096 (28,412,419) - Accounts Receivable from Subs (10420210) 100,111 (0) (476,999) ST Notes Receivable from Subs (10330210) 1,315,000 - - Materials and Supplies (10410100) 27,321,646 (27,321,646) - Total Prepaid Expenses 1,154,033 (1,154,033) - Cur Assets From Disco Ops(10450000) - 124,024,793 - -------------- -------------- ------------ Current Assets 124,100,452 1,602,277 (476,999) -------------- -------------- ------------ Electric and gas plant(10320100) 2,698,062,873 (2,698,062,873) - Nuclear Plant(10320200) 368,505,180 (368,505,180) - Construction Work in Progress(10320400) 4,361,395 (4,361,395) - -------------- -------------- ------------ Property, Plant and Equipment, Gross 3,070,929,447 (3,070,929,447) - Accumulated Depreciation(10320900) (2,596,702,443) 2,596,702,444 - -------------- -------------- ------------ Property, Plant and Equipment, Net 474,227,004 (474,227,004) - -------------- -------------- ------------ Intangibles(10310215) 1,082,847 (1,082,847) - Investments in Subsidiaries (10330100) - - (782,254,115) Unamort loss-reacquired debt(10640000) (37,620) 37,620 0 Restricted Cash(10330319) 191,199,712 (191,199,712) - Intercompany LT Receivable (10625000) 782,668 0 - Total Other Deferred Debits 216,338,227 (216,338,227) - Net LTA from Disco Ops(10681000) - 909,776,538 - -------------- -------------- ------------ Total Other Assets 409,365,834 501,193,372 (782,254,115) -------------- -------------- ------------ Total Assets 1,007,693,290 28,568,646 (782,731,114) ============== ============== ============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Texas Texas Genco Texas Genco GP, Texas Genco LP, Genco Holdings, Inc. Holdings, Inc. LLC LLC Texas Genco LP -------------------- -------------- --------------- --------------- -------------- Intercompany notes payable ST(20460200) - (139,000) 139,000 - - Other Payable, net (0) (184,193) - - 17,203,778 Intercompany accounts payable (20460100) 0 168,412 264 - 739,948 Cur other tax payable(20480117) (0) (89,266) 151,090 (4,969) 8,319,995 Current FIT payable(20480110) - - - - 30,295,016 Interest accrued(20480210) - - - - 60,808 Dividends accrued(20480220) 0 3,639 - - - Other current liabilities, net - 175,000 - - 1,265,596 Net CL from Disco Ops(20470000) 59,230,396 - - - - ------------- ------------- ----------- -------------- ------------- Current Liabilities 59,230,396 (65,407) 290,354 (4,969) 57,885,141 ------------- ------------- ----------- -------------- ------------- LT deferred FIT liability(20520000) (0) 0 - - 70,032,565 Inv_tax_credit(20550000) 0 - - - 40,919,822 Benefit Obligations (0) - - - 4,225,724 Intercompany LT Payable (20599500) - (782,668) - - 59,005,565 Deferred Credits 0 - - - 316,209,329 Net LTL From Disco Ops(20560000) 490,393,005 - - - - ------------- ------------- ----------- -------------- ------------- Long-term Liabilities 490,393,005 (782,668) - - 490,393,005 ------------- ------------- ----------- -------------- ------------- Capital Stock 1,000 1,000 1,000 1,000 - Additional Paid-in Capital (20120000) 1,027,106,327 905,542,628 (12,438,185) 1,555,187,958 525,375,937 Treasury Stock - Associated Company (716,080,720) (716,080,720) - - - Currency Translation Adjustment -- Plug 2 2 - - - Benefits Minimum Liab. Adj. (20185000) (3,573,224) - - - (3,573,224) Retained Earnings/Loss (71000000) 211,263,916 234,888,603 16,194,494 (1,167,925,210) (62,387,569) ------------- ------------- ----------- -------------- ------------- Stockholders' Equity 518,717,301 424,351,512 3,757,309 387,263,747 459,415,144 ------------- ------------- ----------- -------------- ------------- Total Liabilities and Stockholders' Equity 1,068,340,702 423,503,437 4,047,664 387,258,778 1,007,693,290 ============= ============= =========== ============== ============= Adjustments for Discontinued Operations Eliminations --------------- ------------- Intercompany notes payable ST(20460200) - - Other Payable, net (16,883,551) (136,034) Intercompany accounts payable (20460100) (567,659) (340,966) Cur other tax payable(20480117) (8,376,850) - Current FIT payable(20480110) (30,295,016) - Interest accrued(20480210) (60,808) - Dividends accrued(20480220) (3,639) - Other current liabilities, net (1,440,596) - Net CL from Disco Ops(20470000) 59,230,396 - ------------ -------------- Current Liabilities 1,602,277 (477,000) ------------ -------------- LT deferred FIT liability(20520000) (70,032,566) - Inv_tax_credit(20550000) (40,919,822) - Benefit Obligations (4,225,724) - Intercompany LT Payable (20599500) (58,222,897) - Deferred Credits (316,209,329) - Net LTL From Disco Ops(20560000) 490,393,005 - ------------ -------------- Long-term Liabilities 782,667 - ------------ -------------- Capital Stock - (2,000) Additional Paid-in Capital (20120000) (213,943,217) (1,732,618,794) Treasury Stock - Associated Company - - Currency Translation Adjustment -- Plug 0 - Benefits Minimum Liab. Adj. (20185000) 0 - Retained Earnings/Loss (71000000) 240,126,918 950,366,680 ------------ -------------- Stockholders' Equity 26,183,701 (782,254,114) ------------ -------------- Total Liabilities and Stockholders' Equity 28,568,646 (782,731,113) ============ ==============
EXHIBIT F-7 File No. 030-00360 CenterPoint Energy, Inc. Consolidating Financial Statements December 2004 Consolidated Texas Texas Genco Texas Genco GP, Texas Genco LP, Genco Holdings, Inc. Holdings, Inc. LLC LLC Texas Genco LP -------------------- -------------- --------------- --------------- -------------- Income Statement External Electric Revenues (30110100) - 260,041 - - - External Trading Revenues (30110201) - 1,800,104,050 - - 240,963,912 External Other Revenues (30110206) - 12,627,459 - - - ------------ ------------- --------- ----------- ----------- Total Revenues - 1,812,991,550 - - 240,963,912 ------------ ------------- --------- ----------- ----------- Natural Gas and Fuel (30510000) (0) 910,070,738 - - 27,355,067 Purchase Power (30515000) (0) 64,306,194 - - - IC Natural Gas & Fuel (30520000) - 19,782,714 - - - Operating & Administrative Expenses 0 1,096,935,115 - 15,540 78,404,927 IC O & M Expenses (30620000) - 2,522,913 - - - Taxes Other Than Income (30620200) (0) 28,681,412 26,070 200 11,786,033 Depreciation of Assets (30710100) (0) 67,000,188 - - 17,115,649 Amortization of Assets - 4,812,291 - - - ------------ ------------- --------- ----------- ----------- Operating Expenses 0 2,194,111,565 26,070 15,740 134,661,675 ------------ ------------- --------- ----------- ----------- Operating Income(Loss) (0) (381,120,015) (26,070) (15,740) 106,302,236 ------------ ------------- --------- ----------- ----------- Revenue from Inv in Subs (40110200) - 141,068,090 1,411,143 139,703,115 - Other Nonoperating Income - 2,569,955 - - - Dividend Income (40135100) - 12,765 - - - Interest Revenues (40140100) 0 1,803,877 - - 928,225 Oth Int and Rel Rev -- Subs (40140200) (0) 69,189 2 - 4,797 ------------ ------------- --------- ----------- ----------- Total Non-operating Income 0 145,523,875 1,411,144 139,703,115 933,022 ------------ ------------- --------- ----------- ----------- Income before Interest & Taxes (0) (235,596,140) 1,385,074 139,687,375 107,235,258 ------------ ------------- --------- ----------- ----------- Other Interest (40170150) 0 644,557 - - 12,851 Interest_Exp_Subs (40170200) (0) 58,707 4,360 - - AFUDC -- Borrowed (40170300) - (8,634,540) - - (153,865) Capitalized Interest (40170400) 0 5,474,525 - - (134,525) Amortization of Debt (40170500) 0 2,341,329 - - 512,421 ------------ ------------- --------- ----------- ----------- Interest and Related Expenses 0 (115,422) 4,360 - 236,883 ------------ ------------- --------- ----------- ----------- Income before Taxes (0) (235,480,718) 1,380,715 139,687,375 106,998,375 ------------ ------------- --------- ----------- ----------- Current Fed Income Taxes (60110000) - 662,131,517 - - 44,350,926 Deferred Federal Income Taxes (60130000) (0) (860,062,008) - - (5,711,237) Investment Tax Credit (60133000) 0 (7,790,714) - - (3,396,624) ------------ ------------- --------- ----------- ----------- Taxes (0) (205,721,205) - - 35,243,065 ------------ ------------- --------- ----------- ----------- Min_Int_Income(60138000) 61,394,008 34,539,370 - - - ------------ ------------- --------- ----------- ----------- Income before Extraordinary Items 61,394,008 4,779,857 1,380,715 139,687,375 71,755,311 ------------ ------------- --------- ----------- ----------- Income/Loss from Disco Ops (60140100) 265,927,068 - - - - Impair on assets held for sale(60140300) (151,773,248) - - - - ------------ ------------- --------- ----------- ----------- Gain/Loss on Disposal, Net (151,773,248) - - - - ------------ ------------- --------- ----------- ----------- Total Discontinued Operations 114,153,820 - - - - ------------ ------------- --------- ----------- ----------- Annual Net Income (Loss) 175,547,828 4,779,857 1,380,715 139,687,375 71,755,311 ============ ============= ========= =========== =========== Adjustments for Discontinued Operations Eliminations --------------- ------------- Income Statement External Electric Revenues (30110100) (260,041) - External Trading Revenues (30110201) (2,041,067,962) - External Other Revenues (30110206) (12,627,459) - -------------- ------------ Total Revenues (2,053,955,461) - -------------- ------------ Natural Gas and Fuel (30510000) (937,425,804) - Purchase Power (30515000) (64,306,194) - IC Natural Gas & Fuel (30520000) (19,782,714) - Operating & Administrative Expenses (1,175,355,581) - IC O & M Expenses (30620000) (2,522,913) - Taxes Other Than Income (30620200) (40,493,715) - Depreciation of Assets (30710100) (84,115,837) - Amortization of Assets (4,812,291) - -------------- ------------ Operating Expenses (2,328,815,050) - -------------- ------------ Operating Income(Loss) 274,859,589 - -------------- ------------ Revenue from Inv in Subs (40110200) - (282,182,348) Other Nonoperating Income (2,569,955) - Dividend Income (40135100) (12,765) - Interest Revenues (40140100) (2,732,102) - Oth Int and Rel Rev -- Subs (40140200) (73,987) - -------------- ------------ Total Non-operating Income (5,388,809) (282,182,348) -------------- ------------ Income before Interest & Taxes 269,470,780 (282,182,348) -------------- ------------ Other Interest (40170150) (657,408) - Interest_Exp_Subs (40170200) (63,067) - AFUDC -- Borrowed (40170300) 8,788,405 - Capitalized Interest (40170400) (5,340,000) - Amortization of Debt (40170500) (2,853,751) - -------------- ------------ Interest and Related Expenses (125,820) - -------------- ------------ Income before Taxes 269,596,600 (282,182,348) -------------- ------------ Current Fed Income Taxes (60110000) (706,482,443) - Deferred Federal Income Taxes (60130000) 865,773,245 - Investment Tax Credit (60133000) 11,187,338 - -------------- ------------ Taxes 170,478,140 - -------------- ------------ Min_Int_Income(60138000) 26,854,638 - -------------- ------------ Income before Extraordinary Items 125,973,098 (282,182,348) -------------- ------------ Income/Loss from Disco Ops (60140100) 265,927,068 - Impair on assets held for sale(60140300) (151,773,248) - -------------- ------------ Gain/Loss on Disposal, Net (151,773,248) - -------------- ------------ Total Discontinued Operations 114,153,820 - -------------- ------------ Annual Net Income (Loss) 240,126,918 (282,182,348) ============== ============