EX-99 6 ex16.txt STATEMENT OF INCOME OF DISTRIBUTION NATIONAL FUEL GAS DISTRIBUTION CORPORATION ------------------------------------------ INCOME STATEMENT ---------------- FOR THE TWELVE MONTHS ENDED MARCH 31, 2002 ------------------------------------------ Utility Operating Income ------------------------ Operating Revenues (400) $822,489,981 ------------------------ ------------ Operating Expenses ------------------ Operation Expenses (401) 605,514,858 Maintenance Expenses (402) 12,576,767 Depreciation Expense (403) 37,145,816 Taxes Other Than Income Taxes (408.1) 48,525,856 Income Taxes - Federal (409.1) 13,752,601 - Other (409.1) 4,123,558 Provision for Deferred Income Taxes (410.1) 61,795,347 (Less) Provision for Deferred Income Taxes - Cr. (411.1) 42,997,160 ------------ Total Operating Expenses 740,437,643 ------------ Total Utility Operating Income 82,052,338 ------------ Other Income ------------ Nonutility Operating Income Revenues From Merchandising, Jobbing and Contract Work (415) 70,703 (Less) Costs and Exp. Of Merchandising, Job. & Contract Work (416) 226,654 Nonoperating Rental Income (418) 3,500 Interest and Dividend Income (419) 1,798,912 Allowance for Other Funds Used During Construction (419.1) 159,236 Miscellaneous Nonoperating Income (421) 34,961 ------------ Total Other Income 1,840,658 ------------ Other Income Deductions ----------------------- Loss on Disposition of Property (421.2) 35,082 Miscellaneous Income Deductions (426.1 - 426.5) 583,077 ------------ Total Other Income Deductions 618,159 ------------ Taxes - Other Income and Deductions ----------------------------------- Income Taxes - Federal (409.2) (719,019) Income Taxes - State (409.2) (6,205) (Less) Investment Tax Credits (420) 324,476 ------------ Total Taxes - Other Income and Deductions (1,049,700) ------------ Interest Charges ---------------- Amortization of Loss on Reaquired Debt (428.1) 1,495,443 Interest on Debt to Associated Companies (430) 24,002,431 Other Interest Expense (431) 3,415,251 (Less) Allowance for Borrowed Funds Used During Construction (432) 139,666 ------------ Total Interest Charges 28,773,459 ------------ Net Income $55,551,078 ---------- ===========