EC1 - Economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments

All information included below is based [unless otherwise noted] on the Consolidated Statement of Income for the Year Ended December 31, 2008 as reported in the 2008 10-K.

Economic Value Generated - Revenues
Revenues totaled $14.6 billion ($13.6 billion 2007). This includes revenues as reported, as well as net gain on the sale of assets and equity investments, and interest and dividend income.

Economic Value Distributed

Operating Costs
Operating Costs totaled $8.1 billion ($7.3 billion 2007) based on Fuel, Purchased Energy and Operation and Maintenance expenses, adjusted for those amounts reported in the sections "Employee Wages & Benefits" and "Community Investments/ Contributions" (see below).

Employee Wages & Benefits
Employee wages and benefits totaled $2.1 billion ($2.0 billion 2007). This represents $1.6 billion ($1.5 billion 2007) included in reported expenses, and $0.5 billion ($0.5 billion 2007) that was capitalized during the year.

Payments to the Providers of Capital
Payments totaled $1.7 billion ($1.5 billion 2007). This represents $1,005 million ($891 million 2007) in reported expenses (Interest Expense excluding capitalized interest, minority interest expense and preferred stock dividends) and $660 million ($630 million 2007) in common stock dividends.

Payments to Governments
Payments totaled $850 million ($1.1 billion 2007).

Community Investments - Contributions
Payments totaled $71 million ($38 million 2007).