Financial Results for 2nd Quarter 2004 Actual vs 2nd Quarter 2003 Actual |
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| 2003 Actual | 2004 Actual | |||||||||
| ($ millions) | EPS | ($ millions) | EPS | |||||||
| UTILITY OPERATIONS: | ||||||||||
| Gross Margin: | ||||||||||
| 1 | Regulated Integrated Utilities | 655 | 751 | |||||||
| 2 | Ohio Cos. | 464 | 468 | |||||||
| 3 | Texas Wires | 174 | 106 | |||||||
| 4 | Texas Supply / REP | 115 | 84 | |||||||
| 5 | Off-System Sales | 104 | 113 | |||||||
| 6 | Other Wholesale Transactions | (2) | 9 | |||||||
| 7 | Transmission Revenue - 3rd Party | 116 | 119 | |||||||
| 8 | Other Operating Revenue | 83 | 73 | |||||||
| 9 | Total Gross Margin | 1,709 | 1,723 | |||||||
| 10 | Operations & Maintenance | (735) | (824) | |||||||
| 11 | Depreciation & Amortization | (315) | (308) | |||||||
| 12 | Taxes Other than Income Taxes | (154) | (174) | |||||||
| 13 | Interest Exp & Preferred Dividend | (167) | (157) | |||||||
| 14 | Other Income & Deductions | 5 | 16 | |||||||
| 15 | Income Taxes | (118) | (93) | |||||||
| 16 | Net Earnings Utility Operations | 225 | 0.57 | 183 | 0.46 | |||||
| INVESTMENTS: | ||||||||||
| 17 | AEPES, inclds Gas HoldCo (HPL) | (26) | (4) | |||||||
| 18 | MEMCO | 1 | 2 | |||||||
| 19 | IPPs and Wind Farms | (2) | 1 | |||||||
| 20 | AEP Resources - Other | (11) | (4) | |||||||
| 21 | Other | (14) | (3) | |||||||
| 22 | Total Investments | (52) | (0.13) | (8) | (0.02) | |||||
| 23 | Parent Company | (3) | (0.01) | (25) | (0.06) | |||||
| 24 | ON-GOING EARNINGS | 170 | 0.43 | 150 | 0.38 | |||||
| Note: For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | ||||||||||