Duke-Energy 2007_Stat_Supp

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Duke-Energy 2007_Stat_Supp

  1. 1. 2007 Statistical Supplement
  2. 2. Contents 2 duke energy Corporation 12 CommerCial power 2 Consolidating statement of operations 12 segment earnings Before Interest and taxes from Continuing operations 3 Consolidating Balance sheet - Assets 13 operating statistics 4 Consolidating Balance sheet - Liabilities and Common stockholders’ equity 14 international energy 14 segment earnings Before Interest and taxes 5 u.s. franChised eleCtriC and gas from Continuing operations 5 segment earnings Before Interest and taxes 15 operating statistics 6 operating statistics (Carolinas) 16 CresCent 8 operating statistics (De Midwest) 16 segment earnings Before Interest and taxes 10 operating statistics (De Midwest - electric) from Continuing operations 11 operating statistics (De Midwest - Gas) Contents
  3. 3. duke energy Corporation Duke Energy Corporation ConsoLIDAtInG stAteMentOF OPERATIONS CONSOLIDATING STATEMENT of operAtIons Year Ended December 31, U.S. Franchised Commercial International Eliminations/ 2007 (In millions) Electric and Gas Power Energy Crescent Other Adjustments OPERATING REVENUES (31) $ 8,976 Regulated electric $ 9,007 $ - $ - $ - $ - $ 3,024 Non-regulated electric, natural gas, and other 13 1,881 1,060 - 167 (97) 720 Regulated natural gas 720 - - - - - 12,720 Total operating revenues 9,740 1,881 1,060 - 167 (128) OPERATING EXPENSES 3,946 Fuel used in electric generation and purchased power 2,602 982 362 - - - 3,324 Operation, maintenance and other 2,399 357 280 - 415 (127) 557 Cost of natural gas and coal sold 449 76 50 - (18) - 1,746 Depreciation and amortization 1,437 169 79 - 61 - 649 Property and other taxes 601 34 5 - 9 - 10,222 Total operating expenses 7,488 1,618 776 - 467 (127) LOSSES ON SALES OF OTHER ASSETS AND OTHER, NET (5) - (7) - - 2 - OPERATING INCOME 2,493 2,252 256 284 - (298) (1) OTHER INCOME AND EXPENSES 157 Equity in earnings of unconsolidated affiliates (2) 17 102 38 2 - 271 Other income and expenses, net 55 5 12 - (3) 202 428 Total other income and expenses 53 22 114 38 (1) 202 MINORITY INTEREST EXPENSE (a) - - 10 - (1) EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS (EBIT) $ 2,305 $ 278 $ 388 $ 38 $ (298) INTEREST EXPENSE 685 MINORITY INTEREST EXPENSE 2 EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,234 INCOME TAX EXPENSE FROM CONTINUING OPERATIONS 712 INCOME FROM CONTINUING OPERATIONS 1,522 (LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX (22) NET INCOME $ 1,500 (a) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes. Consolidated Data 1 2 Consolidated data
  4. 4. duke energy Corporation Duke Energy Corporation ConsoLIDAtInG BALAnCe sheet - Assets CONSOLIDATING BALANCE SHEET - ASSETS December 31, U.S. Franchised Commercial International Eliminations/ 2007 (In millions) Electric and Gas Power Energy Crescent Other Adjustments CURRENT ASSETS -$ 678 Cash and cash equivalents $ 52 $ 41 $ 460 $ -$ 125 $ 437 Short-term investments - - - - 437 - 1,767 Receivables, net 488 1,979 173 (1) 2,205 (3,077) 1,012 Inventory 817 138 55 - 3 (1) 2 Assets held for sale 2 - - - - - 1,029 Other 296 75 37 - 637 (16) 4,925 Total current assets 1,655 2,233 725 (1) 3,407 (3,094) INVESTMENTS AND OTHER ASSETS 696 Investments in unconsolidated affiliates 2 201 181 207 105 - - Investments and advances (from) to subsidiaries 610 (33) (140) 118 21,485 (22,040) 1,929 Nuclear decommissioning trust funds 1,929 - - - - - 4,642 Goodwill 3,478 871 293 - - - 720 Intangibles, net 88 593 35 - 5 (1) 153 Notes receivable - 117 36 - - - 115 Assets held for sale 115 - - - - - 2,953 Other 1,456 241 180 - 1,016 60 11,208 Total investments and other assets 7,678 1,990 585 325 22,611 (21,981) PROPERTY, PLANT AND EQUIPMENT 46,056 Cost 37,966 4,634 2,861 - 595 - 14,946 Less accumulated depreciation and amortization 13,558 509 599 - 280 - 31,110 Net property, plant and equipment 24,408 4,125 2,262 - 315 - REGULATORY ASSETS AND DEFERRED DEBITS 255 Deferred debt expense 253 (2) - - 4 - 552 Regulatory asset related to income taxes 552 - - - - - 1,654 Other 1,381 20 - - 253 - 2,461 Total regulatory assets and deferred debits 2,186 18 - - 257 - TOTAL ASSETS 49,704 35,927 8,366 3,572 324 26,590 (25,075) - Intercompany balances 23 (1,522) 135 (118) (23,620) 25,102 REPORTABLE SEGMENT ASSETS $ 35,950 $ 6,844 $ 3,707 $ 206 $ 2,970 $ 27 $ 49,704 Consolidated Data 1 3 Consolidated data
  5. 5. duke energy Corporation Duke Energy Corporation ConsoLIDAtInG BALAnCe sheet - LIABILItIes AnD CoMMon stoCkhoLDers’ equIty CONSOLIDATING BALANCE SHEET - LIABILITIES AND COMMON STOCKHOLDERS' EQUITY December 31, U.S. Franchised Commercial International Eliminations/ 2007 (In millions) Electric and Gas Power Energy Crescent Other Adjustments CURRENT LIABILITIES (2,740) $ 1,585 Accounts payable $ 1,093 $ 1,970 $ 44 $ - $ 1,218 $ 742 Notes payable and commercial paper 332 134 8 - 585 (317) 383 Taxes accrued (prepaid) 346 (45) 30 117 (40) (25) 145 Interest accrued 124 9 10 - 17 (15) 114 Liabilities associated with assets held for sale 114 - - - - - 1,526 Current maturities of long-term debt 881 130 161 - 354 - 1,213 Other 503 87 91 - 528 4 5,708 Total current liabilities 3,393 2,285 344 117 2,662 (3,093) LONG-TERM DEBT 9,498 7,542 1,098 857 - 2 (1) DEFERRED CREDITS AND OTHER LIABILITIES 4,751 Deferred (prepaid) income taxes 3,731 732 119 (43) 212 - 161 Investment tax credit 161 - - - - - 3 Liabilities associated with assets held for sale 3 - - - - - 2,351 Asset retirement obligations 2,345 6 - - - - 5,852 Other 4,307 228 54 28 1,176 59 13,118 Total deferred credits and other liabilities 10,547 966 173 (15) 1,388 59 MINORITY INTERESTS 181 - - 124 - 57 - 1 Common stock 384 379 13 - 1 (776) 19,933 Additional paid-in capital 5,886 3,547 1,956 - 25,432 (16,888) 1,398 Retained earnings (deficit) 8,187 127 92 222 (2,832) (4,398) (133) Accumulated other comprehensive income (loss) (12) (36) 13 - (120) 22 21,199 Common stockholders' equity 14,445 4,017 2,074 222 22,481 (22,040) TOTAL LIABILITIES AND COMMON STOCKHOLDERS' EQUITY 49,704 35,927 8,366 3,572 324 26,590 (25,075) - Intercompany balances 23 (1,522) 135 (118) (23,620) 25,102 REPORTABLE SEGMENT LIABILITIES AND COMMON STOCKHOLDERS' EQUITY $ 35,950 $ 6,844 $ 3,707 $ 206 $ 2,970 $ 27 $ 49,704 Consolidated Data 1 4 Consolidated data
  6. 6. U.S. Franchised Electric and Gas u.s. franchised electric and gas seGMent eArnInGs Before Interest AnD tAxes SEGMENT EARNINGS BEFORE INTEREST AND TAXES Years Ended December 31, 2007(a) (In millions) 2006(a) 2005 TOTAL REGULATED ELECTRIC REVENUES $ 9,740 $ 8,098 $ 5,432 OPERATING EXPENSES 2,602 Fuel used in electric generation and purchased power 2,273 1,248 2,399 Operation, maintenance and other 2,034 1,442 449 Cost of natural gas and coal sold 230 - 1,437 Depreciation and amortization 1,280 962 601 Property and other taxes 502 307 7,488 Total operating expenses 6,319 3,959 GAINS (LOSSES) ON SALES OF OTHER ASSETS, NET - - 7 OPERATING INCOME 2,252 1,779 1,480 TOTAL OTHER INCOME AND EXPENSES, NET (b) 53 32 15 REPORTABLE SEGMENT EBIT $ 2,305 $ 1,811 $ 1,495 (a) Includes results of operations of former Cinergy regulated businesses from the date of acquisition (April 1, 2006) and thereafter. (b) Includes equity allowance for funds used during construction of $69 million for 2007, $46 million for 2006 and $22 million for 2005. Segment Earnings 5 segment earnings
  7. 7. franchised electric - Carolinas operAtInG stAtIstICs Franchised Electric - Carolinas OPERATING STATISTICS December 31, 2007 2006 2005 SOURCES OF ELECTRIC ENERGY (GWH) Generated - net output: 47,404 Coal 44,722 46,572 40,486 Nuclear 40,423 40,545 309 Hydro 734 1,468 727 Oil & gas 263 74 88,926 Total generation 86,142 88,659 3,548 Purchased power and net interchange 1,878 2,609 92,474 Total sources of energy 88,020 91,268 5,870 Less: Line loss and company usage 5,368 5,991 TOTAL GWH SOURCES 86,604 82,652 85,277 ELECTRIC ENERGY SALES (GWH) 27,459 Residential 25,816 26,108 27,433 General service 26,031 25,679 Industrial: 5,224 Textile 5,791 6,561 18,724 Other 18,744 18,934 7,873 Other energy and wholesale 6,315 8,150 86,713 Total GWh sales billed 82,697 85,432 (109) Unbilled GWh sales (45) (155) TOTAL GWH SALES 86,604 82,652 85,277 Total Capability - Net MW (a) (time of peak) 19,645 Summer 18,990 18,828 19,641 Winter 19,808 18,469 Peak Load - MW (b) 17,476 Summer 16,623 17,294 14,738 Winter 13,863 15,222 Nuclear Capacity Factor (%) (c) 92 90 94 System Load Factor (%) (b) 57 58 56 (a) Includes 12.5% of Catawba. (b) Excludes the portion of the demand of the other joint owners of the Catawba Nuclear Station met by their retained ownership. (c) Includes 100% of Catawba. Operating Statistics 1 6 operating statistics
  8. 8. franchised electric - Carolinas Franchised Electric - Carolinas operAtInG stAtIstICs OPERATING STATISTICS December 31, 2007 2006 2005 REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) $ 2,210 Residential $ 2,014 $ 1,989 1,791 General service 1,641 1,582 Industrial: 238 Textile 253 277 874 Other 838 821 446 Other energy and wholesale 354 534 5,559 Total billed 5,100 5,203 9 Unbilled 3 (4) 26 Other 15 (47) TOTAL REVENUES $ 5,594 $ 5,118 $ 5,152 AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) 1,980 Residential 1,940 1,901 329 General service 324 318 Industrial: 1 Textile 1 1 7 Other 6 6 8 Total industrial 7 7 13 Other energy 13 13 TOTAL AVERAGE NUMBER OF CUSTOMERS 2,330 2,284 2,239 Operating Statistics 1 7 operating statistics
  9. 9. franchised electric - de midwest operAtInG stAtIstICs Franchised Electric - DE Midwest OPERATING STATISTICS Year ended 9 months ended December 31, December 31, 2007 2006 SOURCES OF ELECTRIC ENERGY (GWH) Generated - net output: 38,968 Coal 28,233 - Nuclear - 351 Hydro 311 806 Oil & gas 451 40,125 Total generation 28,995 3,992 Purchased power and net interchange 2,219 44,117 Total sources of energy 31,214 1,429 Less: Line loss and company usage 1,037 TOTAL GWH SOURCES 42,688 30,177 ELECTRIC ENERGY SALES (GWH) 18,699 Residential 12,516 18,619 General service 13,399 Industrial: - Textile - 18,215 Other 13,887 8,968 Other energy and wholesale 5,855 64,501 Total GWh sales billed 45,657 69 Unbilled GWh sales 412 TOTAL GWH SALES 64,570 46,069 Total Capability - Net MW (time of peak) 8,078 Summer 8,878 8,580 Winter 8,996 Peak Load - MW 8,633 Summer 8,580 7,498 Winter 7,111 System Load Factor (%) 61 58 Operating Statistics 1 8 operating statistics
  10. 10. franchised electric - de midwest operAtInG stAtIstICs Franchised Electric - DE Midwest OPERATING STATISTICS Year ended 9 months ended December 31, December 31, 2007 2006 REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY AND GAS (IN MILLIONS) $ 1,623 Residential $ 1,027 1,098 General service 755 Industrial: - Textile - 710 Other 559 345 Other energy and wholesale 210 3,776 Total billed 2,551 9 Unbilled 42 1 Other 1 TOTAL REVENUES $ 3,786 $ 2,594 AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS (IN THOUSANDS) 1,871 Residential 1,856 229 General service 228 Industrial: - Textile - 8 Other 8 8 Total industrial 8 4 Other energy 4 TOTAL AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS 2,112 2,096 Operating Statistics 1 9 operating statistics
  11. 11. franchised electric - de midwest electric operAtInG stAtIstICs Franchised Electric - DE Midwest Electric OPERATING STATISTICS Year ended 9 months ended December 31, December 31, 2007 2006 REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) $ 1,160 Residential $ 795 891 General service 648 Industrial: - Textile - 677 Other 541 330 Other energy and wholesale 199 3,058 Total billed 2,183 8 Unbilled 24 - Other electric - TOTAL REVENUES $ 3,066 $ 2,207 AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS) 1,401 Residential 1,390 183 General service 182 Industrial: - Textile - 6 Other 6 6 Total industrial 6 4 Other energy 4 TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS 1,594 1,582 Operating Statistics 1 10 operating statistics
  12. 12. franchised electric - de midwest gas operAtInG stAtIstICs Franchised Electric - DE Midwest Gas OPERATING STATISTICS Year ended 9 months ended December 31, December 31, 2007 2006 REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF GAS (IN MILLIONS) $ 463 Residential $ 232 207 General service 107 Industrial: - Textile - 33 Other 18 15 Other energy and wholesale 11 718 Total billed 368 1 Unbilled 18 1 Other gas 1 TOTAL REVENUES $ 720 $ 387 AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS) 470 Residential 466 46 General service 46 Industrial: - Textile - 2 Other 2 2 Total industrial 2 - Other energy - TOTAL AVERAGE NUMBER OF GAS CUSTOMERS 518 514 Operating Statistics 1 11 operating statistics
  13. 13. Commercial Power Commercial power seGMent SEGMENT Before Interest AnD tAxes froM ContInuInG operAtIons eArnInGs EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS Years Ended December 31, 2007 (a) (b) (In millions) 2006 (a) (b) 2005 NON-REGULATED ELECTRIC, NATURAL GAS, AND OTHER REVENUES $ 1,881 $ 1,331 $ 148 OPERATING EXPENSES 982 Fuel used in electric generation and purchased power 767 104 357 Operation, maintenance and other 277 33 76 Cost of natural gas and coal sold 90 - 169 Depreciation and amortization 141 60 34 Property and other taxes 17 3 1,618 Total operating expenses 1,292 200 LOSSES ON SALES OF OTHER ASSETS, NET (7) (29) (70) OPERATING INCOME (LOSS) 256 10 (122) OTHER INCOME AND EXPENSES 17 Equity in earnings of unconsolidated affiliates 21 - 5 Other income and expenses, net 16 4 22 Total other income and expenses 37 4 REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 278 $ 47 $ (118) (a) Includes results of operations of former Cinergy non-regulated generation businesses from the date of acquisition (April 1, 2006) and thereafter. (b) Excludes the results of synfuel operations, which were reclassified to discontinued operations in December 2007. Segment Earnings 1 12 segment earnings
  14. 14. Commercial power Commercial Power operAtInG stAtIstICs (a) OPERATING STATISTICS (a) December 31, 2007 2006 2005 23,702 Actual plant production, gigawatt-hours (b) 17,640 1,759 8,019 Net proportional megawatt capacity in operation 8,100 3,600 (a) Includes results of operations of former Cinergy non-regulated generation businesses from the date of acquisition (April 1, 2006) and thereafter. (b) Excludes the results of synfuel operations, which were reclassified to discontinued operations in December 2007. 13 Operating St operating statistics
  15. 15. International Energy international energy seGMent eArnInGs Before Interest AnD tAxes froM ContInuInG operAtIons SEGMENT EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS Years Ended December 31, 2007 (In millions) 2006 2005 NON-REGULATED ELECTRIC, NATURAL GAS AND OTHER REVENUES $ 1,060 $ 943 $ 727 OPERATING EXPENSES 362 Fuel used in electric generation and purchased power 341 226 280 Operation, maintenance and other 379 227 50 Cost of natural gas and coal sold 41 9 79 Depreciation and amortization 73 60 5 Property and other taxes 4 4 776 Total operating expenses 838 526 (LOSSES) GAINS ON SALES OF OTHER ASSETS, NET - (1) - OPERATING INCOME 284 104 201 OTHER INCOME AND EXPENSES 102 Equity in earnings of unconsolidated affiliates 80 114 - Losses on sales and impairments of equity investments (17) (20) 12 Other income and expenses, net 13 22 114 Total other income and expenses 76 116 MINORITY INTEREST EXPENSE (a) 10 17 8 REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 388 $ 163 $ 309 (a) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes. Note: Certain 2006 and 2005 amounts have been recast due to the reclassification of Bolivia operations to discontinued operations. Segment Earnings 1 14 segment earnings
  16. 16. international energy operAtInG stAtIstICs International Energy OPERATING STATISTICS December 31, 2007 2006 2005 17,127 Sales, GWh 18,501 17,587 3,968 Net proportional megawatt capacity in operation (a) 3,922 3,863 (a) Excludes discontinued operations. Note: Certain 2006 and 2005 amounts have been recast due to the reclassification of Bolivia operations to discontinued operations. 15 operating statistics Opera
  17. 17. Crescent Crescent seGMent eArnInGs Before Interest AnD tAxes froM ContInuInG operAtIons SEGMENT EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS Years Ended December 31, 2007 (a) (In millions) 2006 (a) 2005 OPERATING REVENUES $ - $ 221 $ 495 OPERATING EXPENSES - Operation, maintenance and other 153 376 - Depreciation and amortization 1 1 - Property and other taxes 6 7 - Impairment and other related charges - 15 - Total operating expenses 160 399 GAINS ON SALES OF INVESTMENTS IN COMMERCIAL AND MULTI-FAMILY REAL ESTATE - 201 191 GAINS ON SALES OF OTHER ASSETS AND OTHER, NET - 246 - OPERATING INCOME - 508 287 OTHER INCOME AND EXPENSES 38 Equity in earnings of unconsolidated affiliates 15 - - Other income and expenses, net 14 44 38 Total other income and expenses 29 44 - MINORITY INTEREST EXPENSE (b) 5 17 REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 38 $ 532 $ 314 (a) Reflects Crescent as a consolidated entity for periods prior to September 7, 2006 and as an equity method investment for periods subsequent to September 7, 2006. (b) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes. Segment Earnings 1 16 segment earnings

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