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Consolidated Statements of Financial Position (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 131 $ 69
Short-term investments 58 53
Receivables    
Energy marketing receivables 677 607
Gas 362 364
Unbilled revenues 235 216
Other 89 112
Less allowance for uncollectible accounts 28 15
Total receivables, net 1,335 1,284
Inventories    
Natural gas stored underground 662 702
Other 46 48
Total inventories 708 750
Regulatory assets 145 131
Prepaid expenses 141 164
Derivative instruments 130 226
Other current assets 20 69
Total current assets 2,668 2,746
Long-term assets and other deferred debits    
Property, plant and equipment 10,478 9,779
Less accumulated depreciation 2,131 1,879
Property, plant and equipment, net 8,347 7,900
Goodwill 1,837 1,813
Regulatory assets 944 1,079
Long-term investments 136 128
Intangible assets 96 105
Derivative instruments 14 62
Other 99 80
Total long-term assets and other deferred debits 11,473 11,167
Total assets 14,141 13,913
Current liabilities    
Short-term debt 1,377 1,321
Energy marketing trade payable 611 590
Accounts payable - trade 334 294
Current portion of long-term debt and capital leases 226 17
Regulatory liabilities 161 112
Customer credit balances and deposits 143 152
Accrued regulatory infrastructure program costs 121 131
Accrued environmental remediation liabilities 57 37
Accrued taxes 53 49
Accrued interest 53 61
Accrued wages and salaries 34 52
Derivative instruments 33 99
Other current liabilities 135 169
Total current liabilities 3,338 3,084
Long-term liabilities and other deferred credits    
Long-term debt 3,327 3,561
Accumulated deferred income taxes 1,588 1,445
Regulatory liabilities 1,477 1,405
Accrued environmental remediation liabilities 387 290
Accrued other retirement benefit costs 268 320
Accrued pension obligations 240 238
Derivative instruments 6 11
Accrued regulatory infrastructure program costs 0 145
Other long-term liabilities and other deferred credits 75 75
Total long-term liabilities and other deferred credits 7,368 7,490
Total liabilities and other deferred credits 10,706 10,574
Common shareholders’ equity    
Common stock, $5 par value; 750,000,000 shares authorized; outstanding: 117,855,075 shares at December 31, 2012 and 117,044,803 shares at December 31, 2011 590 586
Additional paid in capital 2,014 1,989
Retained earnings 1,035 967
Accumulated other comprehensive loss (218) (217)
Treasury shares, at cost: 216,523 shares at December 31, 2012 and 189,000 shares at December 31, 2011 (8) (7)
Total common shareholders’ equity 3,413 3,318
Noncontrolling interest 22 21
Total equity 3,435 3,339
Total liabilities and equity $ 14,141 $ 13,913