Financial Results for June 2004 YTD Actual vs June 2003 YTD Actual |
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| 2003 Actual | 2004 Actual | ||||||||||
| ($ millions) | EPS | ($ millions) | EPS | ||||||||
| UTILITY OPERATIONS: | |||||||||||
| Gross Margin: | |||||||||||
| 1 | Regulated Integrated Utilities | 1,383 | 1,500 | ||||||||
| 2 | Ohio Cos. | 960 | 981 | ||||||||
| 3 | Texas Wires | 331 | 206 | ||||||||
| 4 | Texas Supply / REP | 226 | 183 | ||||||||
| 5 | Off-System Sales | 222 | 282 | ||||||||
| 6 | Other Wholesale Transactions | (5) | 13 | ||||||||
| 7 | Transmission Revenue - 3rd Party | 229 | 243 | ||||||||
| 8 | Other Operating Revenue | 179 | 160 | ||||||||
| 9 | Total Gross Margin | 3,525 | 3,568 | ||||||||
| 10 | Operations & Maintenance | (1,421) | (1,556) | ||||||||
| 11 | Depreciation & Amortization | (610) | (618) | ||||||||
| 12 | Taxes Other than Income Taxes | (339) | (355) | ||||||||
| 13 | Interest Exp & Preferred Dividend | (331) | (320) | ||||||||
| 14 | Other Income & Deductions | 7 | 25 | ||||||||
| 15 | Income Taxes | (297) | (258) | ||||||||
| 16 | Net Earnings Utility Operations | 534 | 1.42 | 486 | 1.23 | ||||||
| INVESTMENTS: | |||||||||||
| 17 | AEPES, inclds Gas HoldCo (HPL & LIG) | (44) | (13) | ||||||||
| 18 | MEMCO | 2 | 4 | ||||||||
| 19 | IPPs and Wind Farms | (9) | 6 | ||||||||
| 20 | AEP Resources - Other | (18) | (1) | ||||||||
| 21 | Other | (21) | (9) | ||||||||
| 22 | Total Investments | (90) | (0.24) | (13) | (0.03) | ||||||
| 23 | Parent Company | (18) | (0.05) | (34) | (0.09) | ||||||
| 24 | ON-GOING EARNINGS | 426 | 1.13 | 439 | 1.11 | ||||||
| Note: For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | |||||||||||