Unconsolidated Affiliates (Tables)

3 Months Ended

Mar. 31, 2015

Investment in Unconsolidated Affiliates:

Equity in Earnings of Unconsolidated Affiliates, net:

Summarized unaudited consolidated income information for Enable is as follows:



	Three Months Ended March 31,
	2015		2014
	(in millions)
Operating revenues	$	616	$	1,002
Cost of sales, excluding depreciation and amortization	292		633
Operating income	104		162
Net income attributable to Enable	91		149

CERC's interest	$	51	$	87
Basis difference accretion	1		1
CERC's equity in earnings, net	$	52	$	88

Summarized unaudited consolidated balance sheet information for Enable is as follows:



	March 31, 2015			December 31, 2014
	(in millions)
Current assets	$	407		$	438
Non-current assets	11,561			11,399
Current liabilities	841			671
Non-current liabilities	2,340			2,343
Non-controlling interest	31			31
Enable partners' capital	8,756			8,792

CERC's ownership interest in Enable partners' capital	$	4,848		$	4,869

CERC's basis difference attributable to goodwill (1)	(217		)	(217		)
CERC's accretable basis difference (2)	(131		)	(132		)
CERC's total basis difference	(348		)	(349		)
CERC's investment in Enable	$	4,500		$	4,520


(1)	The difference relates to CERC’s proportionate share of Enable’s goodwill arising from its acquisition of Enogex LLC, and therefore will be recognized by CERC upon dilution or disposition of its interest in Enable.


(2)	The difference will be recognized by CERC over 30 years beginning May 1, 2013. CERC will also adjust the accretable basis difference for dilution or disposition of its interest in Enable.

Distributions Received from Unconsolidated Affiliates: