Consolidated Balance Sheet

Consolidated Balance Sheet

December 31
(millions of dollars)
2009 2008
ASSETS    
Current Assets    
Cash and cash equivalents 997 1,308
Accounts receivable 966 1,280
Inventories 511 489
Other 701 523
  3,175 3,600
Plant, Property and Equipment (Note 5) 32,879 29,189
Goodwill (Note 6) 3,763 4,397
Regulatory Assets (Note 14) 1,524 201
Intangibles and Other Assets (Note 7) 2,500 2,027
  43,841 39,414
LIABILITIES AND SHAREHOLDERS' EQUITY    
Current Liabilities    
Notes payable (Note 20) 1,687 1,702
Accounts payable 2,195 2,110
Accrued interest 377 359
Current portion of long-term debt (Note 10) 478 786
Current portion of long-term debt of joint ventures (Note 11) 212 207
  4,949 5,164
Regulatory Liabilities (Note 14) 385 317
Deferred Amounts (Note 13) 743 1,168
Future Income Taxes (Note 19) 2,856 1,223
Long-Term Debt (Note 10) 16,186 15,368
Long-Term Debt of Joint Ventures (Note 11) 753 869
Junior Subordinated Notes (Note 12) 1,036 1,213
  26,908 25,322
Non-Controlling Interests (Note 15) 1,174 1,194
Shareholders' Equity 15,759 12,898
  43,841 39,414
Commitments, Contingencies and Guarantees (Note 24)    

The accompanying notes to the consolidated financial statements are an integral part of these statements.

Harold N. Kvisle
Director

Kevin E. Benson
Director