CINERGY CORP. |
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| Quarter Ended |
| Year To Date |
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| 2005 |
| 2004 |
| 2005 |
| 2004 |
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Operating Revenues |
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Electric |
| $ | 1,134,494 |
| $ | 952,406 |
| $ | 2,975,129 |
| $ | 2,681,078 |
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Gas |
| 84,073 |
| 65,298 |
| 476,767 |
| 524,226 |
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Other |
| 146,712 |
| 110,879 |
| 371,895 |
| 265,674 |
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Total Operating Revenues |
| 1,365,279 |
| 1,128,583 |
| 3,823,791 |
| 3,470,978 |
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Operating Expenses |
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Fuel, emission allowances and purchased power |
| 459,964 |
| 341,218 |
| 1,077,641 |
| 933,864 |
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Gas purchased |
| 30,446 |
| 19,792 |
| 295,135 |
| 290,728 |
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Costs of fuel resold |
| 118,619 |
| 86,917 |
| 297,469 |
| 203,441 |
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Operation and maintenance |
| 342,221 |
| 325,787 |
| 1,025,131 |
| 968,981 |
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Depreciation |
| 129,597 |
| 114,668 |
| 386,537 |
| 333,856 |
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Taxes other than income taxes |
| 65,101 |
| 57,001 |
| 209,115 |
| 204,320 |
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Total Operating Expenses |
| 1,145,948 |
| 945,383 |
| 3,291,028 |
| 2,935,190 |
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Operating Income |
| 219,331 |
| 183,200 |
| 532,763 |
| 535,788 |
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Equity in Earnings of Unconsolidated Subsidiaries |
| 6,795 |
| 8,016 |
| 25,206 |
| 18,095 |
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Miscellaneous Income (Expense) - Net |
| 17,012 |
| (944 | ) | 33,886 |
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Interest Expense |
| 76,932 |
| 71,775 |
| 209,644 |
| 209,446 |
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Preferred Dividend Requirements of Subsidiaries |
| 603 |
| 858 |
| 2,319 |
| 2,574 |
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Income Before Taxes |
| 165,603 |
| 117,639 |
| 379,892 |
| 330,444 |
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Income Taxes |
| 33,666 |
| 24,716 |
| 79,891 |
| 76,002 |
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Net Income |
| $ | 131,937 |
| $ | 92,923 |
| $ | 300,001 |
| $ | 254,442 |
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Average Common Shares Outstanding - Basic |
| 199,069 |
| 180,881 |
| 197,741 |
| 180,129 |
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Earnings Per Common Share - Basic |
| $ | 0.67 |
| $ | 0.51 |
| $ | 1.52 |
| $ | 1.41 |
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Average Common Shares Outstanding - Diluted |
| 200,167 |
| 183,478 |
| 198,777 |
| 182,564 |
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Earnings Per Common Share - Diluted |
| $ | 0.66 |
| $ | 0.50 |
| $ | 1.51 |
| $ | 1.39 |
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Cash Dividends Declared Per Common Share |
| $ | 0.96 |
| $ | 0.47 |
| $ | 1.92 |
| $ | 1.41 |
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Note: Prior year data has been reclassified to conform with current year presentation.