Exhibit 99.6
CINERGY CORP.
BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS
For the Quarter Ended June 30, 2004
(unaudited)
Commercial Businesses |
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Earnings Per Share - diluted - 2003 |
| $ | 0.36 |
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Discontinued operations |
| (0.05 | ) | |
Employee retirement/severance and other charges |
| (0.02 | ) | |
Weather |
| 0.02 |
| |
Electric sales volumes |
| 0.01 |
| |
Power marketing, trading and origination |
| 0.04 |
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Gas marketing, trading and origination |
| (0.01 | ) | |
Energy services |
| 0.01 |
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Fuel costs |
| (0.04 | ) | |
Emissions allowances |
| (0.05 | ) | |
Operating and administrative expenses |
| (0.01 | ) | |
Maintenance expense |
| (0.01 | ) | |
Depreciation |
| 0.01 |
| |
Financing and dilution |
| (0.02 | ) | |
Effective tax rate |
| (0.06 | ) | |
Other - net |
| (0.02 | ) | |
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Earnings Per Share - diluted - 2004 |
| $ | 0.16 |
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Regulated Businesses |
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Earnings Per Share - diluted - 2003 |
| $ | 0.14 |
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Employee retirement/severance and other charges |
| (0.02 | ) | |
Weather |
| 0.06 |
| |
Electric sales volumes |
| 0.05 |
| |
Price increases |
| 0.03 |
| |
Other electric revenues |
| 0.01 |
| |
Operating and administrative expenses |
| (0.01 | ) | |
Maintenance expense |
| (0.01 | ) | |
Depreciation |
| (0.06 | ) | |
Financing and dilution |
| 0.01 |
| |
Effective tax rate |
| (0.01 | ) | |
Other - net |
| 0.01 |
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Earnings Per Share - diluted - 2004 |
| $ | 0.20 |
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Power Technology & Infrastructure Services |
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Earnings Per Share - diluted - 2003 |
| $ | (0.03 | ) |
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Employee retirement/severance and other charges |
| (0.01 | ) | |
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Earnings Per Share - diluted - 2004 |
| $ | (0.04 | ) |