Exhibit 99.5
CINERGY CORP.
RECONCILIATION OF GAAP EPS TO ADJUSTED EPS — 2004
(unaudited)
|
| Q1 |
| Q2 |
| Total |
| |||
Regulated Businesses |
|
|
|
|
|
|
| |||
EPS As Reported |
| $ | 0.44 |
| $ | 0.19 |
| $ | 0.63 |
|
Special Items: |
|
|
|
|
|
|
| |||
CIN-10 Implementation Costs |
| — |
| 0.03 |
| 0.03 |
| |||
EPS Adjusted |
| $ | 0.44 |
| $ | 0.22 |
| $ | 0.66 |
|
|
|
|
|
|
|
|
| |||
Commercial Businesses |
|
|
|
|
|
|
| |||
EPS As Reported |
| $ | 0.25 |
| $ | 0.17 |
| $ | 0.42 |
|
Special Items: |
|
|
|
|
|
|
| |||
CIN-10 Implementation Costs and Other Charges |
| — |
| 0.04 |
| 0.04 |
| |||
Mark-to-Market Effect on Asset Hedges |
| (0.05 | ) | 0.02 |
| (0.03 | ) | |||
EPS Adjusted |
| $ | 0.20 |
| $ | 0.23 |
| $ | 0.43 |
|
|
|
|
|
|
|
|
| |||
Power Technology & Infrastructure Services |
|
|
|
|
|
|
| |||
EPS As Reported |
| $ | (0.12 | ) | $ | (0.04 | ) | $ | (0.16 | ) |
Special Items: |
|
|
|
|
|
|
| |||
Impairment Writedowns and |
|
|
|
|
|
|
| |||
Other Charges |
| 0.11 |
| 0.02 |
| 0.13 |
| |||
EPS Adjusted |
| $ | (0.01 | ) | $ | (0.02 | ) | $ | (0.03 | ) |
|
|
|
|
|
|
|
| |||
Cinergy Corp. |
|
|
|
|
|
|
| |||
EPS As Reported |
| $ | 0.57 |
| $ | 0.32 |
| $ | 0.89 |
|
Special Items |
| 0.06 |
| 0.11 |
| 0.17 |
| |||
EPS Adjusted |
| $ | 0.63 |
| $ | 0.43 |
| $ | 1.06 |
|
For 2004, the Regulated and Commercial segments have each been restated from prior presentations to reflect the reclassification of PSI’s off-system sales from the Commercial Businesses to the Regulated Businesses.