13. Property, Plant and Equipment - 2003 Annual Report - Duke Energy
Duke Energy

13. Property, Plant and Equipment

  December 31,
2003   2002
(in millions)
Land(a) $

1,135

   $

908
Plant  

 

    

 
Electric generation, distribution and transmission(a)  

23,577

    

23,360
Natural gas transmission and distribution  

11,536

    

10,801
Gathering and processing facilities(a)  

5,435

    

5,167
Other buildings and improvements(a)  

448

    

540
Nuclear fuel  

863

    

827
Equipment  

1,166

    

1,057
Vehicles  

135

    

168
Construction in process(b)  

1,336

    

4,083
Other(a)  

1,526

    

1,766
Total property, plant and equipment  

47,157

    

48,677
Total accumulated depreciation(c), (d)  

(12,171)

    

(11,298)
Total net property, plant and equipment $

34,986

   $

37,379

(a)   Includes capitalized leases: $293 million for 2003 and $425 million for 2002.

(b)   Includes $49 million as of December 31, 2003 and $1,165 million as of December 31, 2002 related to DENA merchant power plants for which construction has been deferred. The majority of deferred merchant plant costs were written down in 2003 due to impairment. (See Note 11 for additional information on impairment and other related charges.)

(c)   Includes accumulated amortization of nuclear fuel: $604 million for 2003 and $566 million for 2002.

(d)   Includes accumulated amortization of capitalized leases: $87 million for 2003 and $139 million for 2002.

Capitalized interest impact of $132 million for 2003, $250 million for 2002 and $167 million for 2001 is included in the Consolidated Statements of Operations.