Exhibit 99.7
CINERGY CORP.
BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS
For the Quarter Ended June 30, 2005
(unaudited)
Regulated Businesses |
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Earnings Per Share — diluted — 2004 (Adjusted*) |
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| $ | 0.22 |
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Weather |
| 0.01 |
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Price increases |
| 0.11 |
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Regulatory deferrals |
| 0.02 |
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Regulatory transition charge amortization |
| (0.01 | ) |
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Operation and maintenance |
| (0.03 | ) |
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Depreciation |
| (0.03 | ) |
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Financing and dilution |
| (0.03 | ) |
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Other — net |
| 0.01 |
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Earnings Per Share — diluted — 2005 (Adjusted*) |
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| $ | 0.27 |
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Commercial Businesses |
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Earnings Per Share — diluted — 2004 (Adjusted*) |
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| $ | 0.23 |
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Price increases |
| 0.03 |
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Fuel costs |
| (0.03 | ) |
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Optimization activities |
| 0.05 |
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Operation and maintenance |
| (0.02 | ) |
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Power marketing, trading and origination |
| (0.02 | ) |
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Gas marketing, trading and origination |
| (0.13 | ) |
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Financing and dilution |
| 0.02 |
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Other — net |
| (0.04 | ) |
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Earnings Per Share — diluted — 2005 (Adjusted*) |
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| $ | 0.09 |
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Power Technology & Infrastructure Services |
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Earnings Per Share — diluted — 2004 (Adjusted*) |
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| $ | (0.02 | ) |
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Results of investments |
| 0.02 |
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Earnings Per Share — diluted — 2005 (Adjusted*) |
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| $ | 0.00 |
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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.
* See Schedules 3 and 4 for a reconciliation to the most comparable GAAP measure.