Notes to Consolidated Financial Statements
For the Years Ended December 31, 1998, 1997 and 1996 |
 |
9. Property, Plant and Equipment
|
|
|
December 31, |
|
|
| (In millions) |
|
1998 |
|
|
1997 |
|
|
| Electric utility |
|
|
|
|
|
|
| Generation |
$ |
7,670 |
|
$ |
7,575 |
|
| Transmission and distribution |
|
6,324 |
|
|
6,084 |
|
| General plant |
|
1,127 |
|
|
1,119 |
|
| Nuclear fuel |
|
554 |
|
|
644 |
|
| Construction work in progress |
|
328 |
|
|
222 |
|
|
|
| Total electric utility |
|
16,003 |
|
|
15,644 |
|
|
|
| Natural gas transmission |
|
6,194 |
|
|
6,094 |
|
| Gathering and processing |
|
1,409 |
|
|
1,315 |
|
| Construction work in progress |
|
469 |
|
|
351 |
|
| Other property and equipment |
|
3,053 |
|
|
2,044 |
|
|
|
| Total Property, Plant and Equipment |
$ |
27,128 |
|
$ |
25,448 |
|
 |
|
|
| Accumulated Depreciation |
|
|
December 31, |
|
|
| (In millions) |
|
1998 |
|
|
1997 |
|
|
| Electric utility a |
$ |
6,371 |
|
$ |
6,068 |
|
| Natural gas transmission |
|
2,585 |
|
|
2,459 |
|
| Other |
|
1,297 |
|
|
1,185 |
|
|
|
| Total Accumulated Depreciation |
$ |
10,253 |
|
$ |
9,712 |
|
|
| a Includes amortization of nuclear fuel: 1998 - $325 million; 1997 - $370 million. |
On July, 1, 1998, a subsidiary of Duke Energy purchased three electric generating stations in California for $501 million from Pacific Gas & Electric Company. These stations have a combined capacity of 2,645 megawatts. Two of the three plants, Moss Landing and Oakland, are subject to the terms of RMR Agreements with the California ISO. The cost of these facilities is included within "Other property and equipment" above.
|
|
