Exhibit 99.2

CINERGY CORP.

CONSOLIDATED STATEMENTS OF INCOME

For the Periods Ended June 30, 2005 and 2004

(unaudited)

(dollars in thousands, except per share amounts)

	Quarter Ended					Year To Date
	2005		2004			2005		2004
Operating Revenues
Electric	$	914,338	$	870,236		$	1,840,635	$	1,728,672
Gas	79,598		108,082			392,694		458,928
Other	120,327		75,419			225,183		154,795
Total Operating Revenues	1,114,263		1,053,737			2,458,512		2,342,395
Operating Expenses
Fuel, emission allowances and purchased power	312,714		298,756			617,677		592,646
Gas purchased	56,089		47,420			264,689		270,936
Costs of fuel resold	93,087		59,062			178,849		116,524
Operation and maintenance	351,121		332,358			682,910		643,194
Depreciation	130,455		114,331			256,941		219,188
Taxes other than income taxes	65,083		65,072			144,015		147,319
Total Operating Expenses	1,008,549		916,999			2,145,081		1,989,807
Operating Income	105,714		136,738			313,431		352,588
Equity in Earnings of Unconsolidated Subsidiaries	13,576		7,331			18,411		10,079
Miscellaneous Income (Expense) — Net	14,535		5,033			16,875		(10,475		)
Interest Expense	68,649		70,276			132,712		137,671
Preferred Dividend Requirements of Subsidiaries	858		858			1,716		1,716
Income Before Taxes	64,318		77,968			214,289		212,805
Income Taxes	13,610		19,464			46,225		51,286
Net Income	$	50,708	$		58,504	$	168,064	$	161,519
Average Common Shares Outstanding — Basic	198,492		180,236			197,066		179,749
Earnings Per Common Share — Basic	$	0.25	$		0.33	$	0.85	$	0.90
Average Common Shares Outstanding — Diluted	199,441		182,277			198,075		182,106
Earnings Per Common Share — Diluted	$	0.25	$		0.32	$	0.85	$	0.89
Cash Dividends Declared Per Common Share	$	0.48	$		0.47	$	0.96	$	0.94

Note: Prior year data has been reclassified to conform with current year presentation.