EX-99 3 dex99.txt CONDENSED STATEMENTS OF CONSOLIDATED INCOME EXHIBIT 99 TXU GAS COMPANY AND SUBSIDIARIES CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) Twelve Months Ended March 31, ------------------- 2001 2000 ------ ------ Millions of Dollars Operating revenues............................ $8,131 $4,089 ------ ------ Operating expenses Energy purchased for resale................. 7,603 3,540 Operation and maintenance................... 337 358 Depreciation and other amortization......... 62 64 Goodwill amortization....................... 22 21 Taxes other than income..................... 74 59 ------ ------ Total operating expenses.................. 8,098 4,042 ------ ------ Operating income.............................. 33 47 Other income (deductions) - net............... 62 17 ------ ------ Income before interest, other charges and 95 64 income taxes................................. Interest income............................... 11 1 Interest expense and other charges............ (87) (75) ------ ------ Income (loss) before income taxes............. 19 (10) Income tax expense (benefit).................. 13 (6) ------ ------ Net income (loss)............................. 6 (4) Preferred stock dividends..................... 4 4 ------ ------ Net income (loss) applicable to common stock.. $ 2 $ (8) ====== ======