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Gross consolidated capital expenditures for 2013, excluding capital expenditures at Central Hudson, are expected to be approximately $1.3 billion. Central Hudson's capital program over the next five years is expected to average more than $125 million annually.
A breakdown of forecast gross consolidated capital expenditures by segment for 2013 is provided in the following table.
----------------------------------------------------------------------------Forecast Gross Consolidated Capital Expenditures (1)Year Ending December 31, 2013($ millions)-------------------------------------------------------------------------------------------------------------------------------------------------------- Other Regulated ElectricFortisBC UtilitiesEnergy Fortis FortisBC Newfoundland -Companies Alberta Electric Power Canadian----------------------------------------------------------------------------229 437 133 86 54------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Forecast Gross Consolidated Capital Expenditures (1)Year Ending December 31, 2013($ millions)-------------------------------------------------------------------------------------------------------------------------------------------------------- Total Regulated Non- Regulated Electric Regulated FortisFortisBC Utilities Utilities - PropertiesEnergy - - Fortis and OtherCompanies Canadian Caribbean Generation (2) Total----------------------------------------------------------------------------229 939 69 229 113 1,350--------------------------------------------------------------------------------------------------------------------------------------------------------(1) Relates to forecasted cash payments to acquire or construct utility capital assets, income producing properties and intangible assets, as would be reflected on the consolidated statement of cash flows. Excludes forecasted capitalized depreciation and amortization and non- cash equity component of AFUDC.(2) Includes forecasted capital expenditures of approximately $70 million at Fortis Properties and approximately $43 million at FAES, which is currently reported in the Corporate and Other segment. For further information refer to the "Material Regulatory Decisions and Applications" section of this earnings release.
The most significant capital project for 2013 is the continuation of the construction of the non-regulated Waneta Expansion, with approximately $227 million expected to be spent in 2013. Key project activities for 2013 include completion of the powerhouse structural steel and building envelope; excavation of the intake approach channel; construction of the intake and tailrace structures; and removal of rock plug. In addition, installation of the stationary imbedded turbine and generator components will continue.
