Exhibit 99.1
DUKE ENERGY CORPORATION
ONGOING TO REPORTED EARNINGS RECONCILIATION
December 2007 Quarter-to-Date
(Dollars in millions, except per-share amounts)
| | | | Special Items (Note 1) | | | | | | | |
| | Ongoing
Earnings | | Costs to
Achieve,
Cinergy
Merger | | Settlement
Reserves and
Adjustments | | Discontinued Operations | | Total
Adjustments | | Reported
Earnings | |
SEGMENT EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
U.S. Franchised Electric and Gas | | $ | 519 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 519 | |
| | | | | | | | | | | | | |
Commercial Power | | 38 | | — | | — | | — | | — | | 38 | |
| | | | | | | | | | | | | |
International Energy | | 105 | | — | | — | | — | | — | | 105 | |
| | | | | | | | | | | | | |
Crescent | | 9 | | — | | — | | — | | — | | 9 | |
| | | | | | | | | | | | | |
Total reportable segment EBIT | | 671 | | — | | — | | — | | — | | 671 | |
| | | | | | | | | | | | | |
Other | | (92 | ) | (16 | ) A | 4 | A | — | | (12 | ) | (104 | ) |
| | | | | | | | | | | | | |
Total reportable segment and Other EBIT | | $ | 579 | | $ | (16 | ) | $ | 4 | | $ | — | | $ | (12 | ) | $ | 567 | |
| | | | | | | | | | | | | |
Interest Expense | | (186 | ) | — | | — | | — | | — | | (186 | ) |
Interest Income and Other | | 48 | | — | | — | | — | | — | | 48 | |
Income Taxes from Continuing Operations | | (120 | ) | 5 | | (1 | ) | — | | 4 | | (116 | ) |
Discontinued Operations, net of taxes | | — | | — | | — | | (70 | ) B | (70 | ) | (70 | ) |
| | | | | | | | | | | | | |
Net Income | | $ | 321 | | $ | (11 | ) | $ | 3 | | $ | (70 | ) | $ | (78 | ) | $ | 243 | |
| | | | | | | | | | | | | |
EARNINGS PER SHARE, BASIC | | $ | 0.25 | | $ | — | | $ | — | | $ | (0.06 | ) | $ | (0.06 | ) | $ | 0.19 | |
| | | | | | | | | | | | | |
EARNINGS PER SHARE, DILUTED | | $ | 0.25 | | $ | — | | $ | — | | $ | (0.06 | ) | $ | (0.06 | ) | $ | 0.19 | |
Note 1 - Amounts for special items are presented net of any related minority interest.
A - - Recorded in Operation, maintenance and other (Operating Expenses) on the Consolidated Statements of Operations.
B - - Recorded in (Loss) Income From Discontinued Operations, net of tax on the Consolidated Statements of Operations.
Weighted Average Shares (reported and ongoing) - in millions
Basic | | 1,262 | |
| | | |
Diluted | | 1,266 | |
