Three Months Ended

Nine Months Ended

Twelve Months Ended

September 30,

September 30,

September 30,

1999

1998

1999

1998

1999

1998

Revenues

U.S. Electric

$ 1,170

$ 1,172

$ 2,758

$ 2,746

$ 3,500

$ 3,505

U.K. Electric

354

352

1,192

1,288

1,673

1,833

Other

94

57

212

148

288

174

1,618

1,581

4,162

4,182

5,461

5,512

Expenses

Fuel and Purchased Power

441

427

1,027

1,025

1,303

1,338

U.K. Cost of Sales

211

225

747

879

1,072

1,244

Operations and Maintenance

340

272

960

818

1,339

1,130

Depreciation and Amortization

159

126

424

375

570

511

Taxes

132

187

314

364

343

432

1,283

1,237

3,472

3,461

4,627

4,655

Operating Income

335

344

690

721

834

857

Other Income/(Deductions)

7

8

24

35

31

40

Interest and Other Charges

(103)

(111)

(310)

(330)

(412)

(438)

Distributions on Trust Preferred Securities

(7)

(7)

(20)

(20)

(27)

(27)

Preferred Dividends of Subsidiaries

(2)

(1)

(6)

(6)

(8)

(8)

Gain/(Loss) on Reacq. of Preferred Stock

-

-

-

(1)

-

(1)

Income Before Change in Acct. Principle

230

233

378

399

418

423

Discontinuance of SFAS No. 71

(8)

-

(8)

-

(8)

-

Net Income for Common Stock

$ 222

$ 233

$ 370

$ 399

$ 410

$ 423

Average Common Shares

212.6

212.5

212.6

212.3

212.6

212.3

Earnings per Share

$ 1.04

$ 1.10

$ 1.74

$ 1.88

$ 1.93

$ 1.99

Dividends Paid per Share

$ 0.435

$ 0.435

$ 1.305

$ 1.305

$ 1.740

$ 1.740

Kilowatt-Hour Sales - U.S. Utilities

(Millions)

Residential

6,835

7,290

15,071

15,527

19,301

19,612

Commercial

4,778

4,824

11,930

11,794

15,690

15,352

Industrial

5,652

5,698

16,211

16,138

21,555

21,528

Other

562

564

1,472

1,448

1,929

1,879

Total Retail

17,827

18,376

44,684

44,907

58,475

58,371

Sales for Resale

2,993

2,646

7,044

6,314

9,026

8,219

Total Sales

20,820

21,022

51,728

51,221

67,501

66,590