EX-99.7 8 0008.txt EXHIBIT K-8
Market Shares for Gas and Electric Utilities in the U.S. Combined Combined Portion of Market Ipalco- Ipalco- Number of Served by Combined Cilcorp's Cilcorp's Larger Ipalco-Cilcorp and Parameter Units Statistics Share Companies Larger Companies Customers thousands 820 1.0% 30 92.6% Assets $millions 3,575 1.1% 31 93.5% Revenues $millions 1,327 1.1% 30 92.8%
Comparison of Combined Ipalco-Cilcorp to Larger Utilities Parameter Units Number of Utilities Average Size Ratio of These Utilities Necessary for 50% of of These to Combined Ipalco- U.S. Utilities Cilcorp Customers thousands 9 4,529 5.53 Assets $millions 10 17,004 4.76 Revenues $millions 10 6,150 4.63 Number of Utilities Average Size Ratio of These Utilities Necessary for 80% of of These to Combined Ipalco- Parameter Units U.S. Utilities Cilcorp Customers thousands 22 2,926 3.57 Assets $millions 22 12,073 3.38 Revenues $millions 22 4,365 3.29
Market Shares for Gas and Electric Companies in the United States Companies Sorted by Assets Holding Company Assets Rank Share of Cumulative Share (millions of $) Total PG&E Corp. 30,096 1 8.8% 8.8% TXU 20,540 2 6.0% 14.9% Dominion Resources, Inc. 17,095 3 5.0% 19.9% Consolidated Edison, Inc. 16,436 4 4.8% 24.7% Niagara Mohawk Holdings, Inc. 15,722 5 4.6% 29.4% Public Service Enterprise Group, Inc. 15,239 6 4.5% 33.8% DTE Energy Co. 14,333 7 4.2% 38.0% Columbia-NiSource 14,205 8 4.2% 42.2% PECO Energy Co. 13,409 9 3.9% 46.2% KeySpan Energy 12,960 10 3.8% 50.0% Northeast Utilities 12,033 11 3.5% 53.5% Cinergy Corp. 10,650 12 3.1% 56.6% CMS Energy Corp. 9,716 13 2.9% 59.5% PP&L Resources, Inc. 9,373 14 2.8% 62.2% Ameren Corp. 9,225 15 2.7% 65.0% Constellation Energy Group, Inc. 9,091 16 2.7% 67.6% New Century Energies, Inc. 8,751 17 2.6% 70.2% Northern States Power Co. 8,110 18 2.4% 72.6% Illinova Corp. 7,803 19 2.3% 74.9% Puget Sound Energy, Inc. 6,010 20 1.8% 76.6% Conectiv 5,739 21 1.7% 78.3% Wisconsin Energy Corp. 5,651 22 1.7% 80.0% Vectren 5,501 23 1.6% 81.6% Citizens Utilities Co. 5,129 24 1.5% 83.1% Sempra Energy 5,009 25 1.5% 84.6% Sierra Pacific Resources 4,815 26 1.4% 86.0% Alliant Energy Corp. 4,756 27 1.4% 87.4% Energy East Corp. 4,439 28 1.3% 88.7% MidAmerican Energy Holdings Co. 4,371 29 1.3% 90.0% UtiliCorp United, Inc. 4,291 30 1.3% 91.3% LG&E Energy Corp. 4,056 31 1.2% 92.4% Combined Ipalco-Cilcorp 3,575 32 1.1% 93.5% All others combined 22,141 6.5% Total 340,270
Market Shares for Gas and Electric Companies in the United States Companies Sorted by Revenue Holding Company Revenue Rank Share of Cumulative Share (millions of $) Total PG&E Corp. 9,077 1 7.6% 7.6% Public Service Enterprise Group, Inc. 7,429 2 6.2% 13.8% TXU 7,327 3 6.1% 20.0% Consolidated Edison, Inc. 6,690 4 5.6% 25.6% Dominion Resources, Inc. 6,135 5 5.1% 30.7% Cinergy Corp. 5,406 6 4.5% 35.2% PECO Energy Co. 5,266 7 4.4% 39.6% DTE Energy Co. 4,841 8 4.1% 43.7% Columbia-NiSource 4,788 9 4.0% 47.7% Northeast Utilities 4,541 10 3.8% 51.5% Niagara Mohawk Holdings, Inc. 3,828 11 3.2% 54.7% CMS Energy Corp. 3,649 12 3.1% 57.8% PP&L Resources, Inc. 3,624 13 3.0% 60.8% Ameren Corp. 3,403 14 2.9% 63.7% New Century Energies, Inc. 3,248 15 2.7% 66.4% Northern States Power Co. 3,087 16 2.6% 69.0% Constellation Energy Group, Inc. 2,672 17 2.2% 71.2% Conectiv 2,461 18 2.1% 73.3% Sempra Energy 2,360 19 2.0% 75.2% Wisconsin Energy Corp. 2,108 20 1.8% 77.0% Illinova Corp. 2,069 21 1.7% 78.7% Energy East Corp. 2,013 22 1.7% 80.4% Puget Sound Energy, Inc. 1,892 23 1.6% 82.0% Alliant Energy Corp. 1,888 24 1.6% 83.6% Vectren 1,792 25 1.5% 85.1% LG&E Energy Corp. 1,660 26 1.4% 86.5% MidAmerican Energy Holdings Co. 1,600 27 1.3% 87.8% TECO Energy, Inc. 1,581 28 1.3% 89.2% Sierra Pacific Resources 1,551 29 1.3% 90.5% KeySpan Energy 1,441 30 1.2% 91.7% Combined Ipalco-Cilcorp 1,327 31 1.1% 92.8% All others combined 8,628 7.2% Total 119,378
Market Shares for Gas and Electric Companies in the United States Companies Sorted by Number of Customers Holding Company Customers Rank Share of Cumulative Share (thousands) Total PG&E Corp. 8,438 1 10.6% 10.6% Sempra Energy 6,772 2 8.5% 19.0% Consolidated Edison, Inc. 4,068 3 5.1% 24.1% Columbia-NiSource 3,980 4 5.0% 29.1% TXU 3,902 5 4.9% 34.0% Dominion Resources, Inc. 3,701 6 4.6% 38.7% Public Service Enterprise Group, Inc. 3,487 7 4.4% 43.0% DTE Energy Co. 3,249 8 4.1% 47.1% CMS Energy Corp. 3,167 9 4.0% 51.1% New Century Energies, Inc. 2,579 10 3.2% 54.3% KeySpan Energy 2,185 11 2.7% 57.0% Niagara Mohawk Holdings, Inc. 2,078 12 2.6% 59.6% Northern States Power Co. 2,006 13 2.5% 62.1% Northeast Utilities 1,910 14 2.4% 64.5% PECO Energy Co. 1,903 15 2.4% 66.9% Cinergy Corp. 1,871 16 2.3% 69.3% Ameren Corp. 1,803 17 2.3% 71.5% Constellation Energy Group, Inc. 1,636 18 2.0% 73.6% Wisconsin Energy Corp. 1,523 19 1.9% 75.5% Puget Sound Energy, Inc. 1,414 20 1.8% 77.2% UtiliCorp United, Inc. 1,404 21 1.8% 79.0% Alliant Energy Corp. 1,287 22 1.6% 80.6% MidAmerican Energy Holdings Co. 1,270 23 1.6% 82.2% PP&L Resources, Inc. 1,250 24 1.6% 83.8% LG&E Energy Corp. 1,119 25 1.4% 85.2% Vectren 1,106 26 1.4% 86.5% Energy East Corp. 1,053 27 1.3% 87.9% Conectiv 1,043 28 1.3% 89.2% Illinova Corp. 968 29 1.2% 90.4% Sierra Pacific Resources 928 30 1.2% 91.5% Combined Ipalco-Cilcorp 820 31 1.0% 92.6% All others combined 5,931 7.4% Total 79,850