EX-99.5 7 a03-1432_1ex995.htm EX-99.5

Exhibit 99.5

CINERGY CORP.
BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS
For the Quarter Ended June 30, 2003
(unaudited)

 

Energy Merchant

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

0.13

 

 

 

 

 

Employee retirement/severance and other charges

 

0.08

 

Discontinued operations

 

0.05

 

Marketing, trading, and origination

 

0.03

 

Generation and supply contracts

 

0.04

 

Financing

 

0.01

 

Other - net

 

0.02

 

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

0.36

 

 

 

 

 

Regulated Operations

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

0.17

 

 

 

 

 

Employee retirement/severance and other charges

 

0.12

 

Weather

 

(0.06

)

Industrial sales - economy

 

(0.02

)

Operating and administrative expenses

 

(0.02

)

Financing and depreciation

 

(0.04

)

Other - net

 

(0.01

)

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

0.14

 

 

 

 

 

Power Technology & Infrastructure Services

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

(0.04

)

 

 

 

 

Employee retirement/severance and other charges

 

0.01

 

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

(0.03

)

 

2002 has been reclassified to reflect Vestar’s move from PTIS to Energy Merchant