Exhibit 99.6
CINERGY CORP.
BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS
For the Year to Date December 31, 2004
(unaudited)
Commercial Businesses |
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Earnings Per Share - diluted - 2003 |
| $ | 1.54 |
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Cumulative effect of a change in accounting principles |
| (0.15 | ) | |
Discontinued operations |
| (0.05 | ) | |
Employee retirement/severance and other charges |
| (0.04 | ) | |
Electric sales volumes |
| 0.05 |
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Power marketing, trading and origination |
| 0.08 |
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Gas marketing, trading and origination |
| 0.02 |
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Energy services |
| 0.07 |
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Fuel costs |
| (0.09 | ) | |
Emissions allowances |
| (0.20 | ) | |
Transmission expenses |
| (0.04 | ) | |
Operating and administrative expenses |
| (0.09 | ) | |
Maintenance expense |
| (0.04 | ) | |
Depreciation |
| 0.02 |
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Financing and dilution |
| (0.04 | ) | |
Other - net |
| (0.07 | ) | |
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Earnings Per Share - diluted - 2004 |
| $ | 0.97 |
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Regulated Businesses |
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Earnings Per Share - diluted - 2003 |
| $ | 1.18 |
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Weather |
| (0.02 | ) | |
Electric sales volumes |
| 0.13 |
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Price increases |
| 0.28 |
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Other electric revenues |
| 0.09 |
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Regulatory deferrals |
| 0.04 |
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Operating and administrative expenses |
| (0.08 | ) | |
Maintenance expense |
| (0.05 | ) | |
Depreciation |
| (0.22 | ) | |
Other - net |
| 0.03 |
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Earnings Per Share - diluted - 2004 |
| $ | 1.38 |
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Power Technology & Infrastructure Services |
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Earnings Per Share - diluted - 2003 |
| $ | (0.09 | ) |
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Employee retirement/severance and other charges |
| (0.11 | ) | |
Results of investments |
| 0.03 |
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Earnings Per Share - diluted - 2004 |
| $ | (0.17 | ) |