Exhibit 99.9
Schedule 8
CINERGY CORP.
BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS
For the Year Ended December 31, 2005
(unaudited)
Regulated Businesses | | | | | |
| | | | | |
Earnings Per Share - diluted - 2004 (Adjusted*) | | | | $ | 1.43 | |
| | | | | |
Weather | | 0.16 | | | |
Electric and gas sales volumes | | 0.10 | | | |
Price increases | | 0.25 | | | |
Other margins | | 0.02 | | | |
Regulatory deferrals | | 0.08 | | | |
Regulatory transition charge amortization | | (0.15 | ) | | |
Operation and maintenance | | (0.07 | ) | | |
Depreciation | | (0.12 | ) | | |
Taxes other than income taxes | | (0.05 | ) | | |
Financing and dilution | | (0.17 | ) | | |
Other - net | | 0.06 | | | |
| | | | | |
Earnings Per Share - diluted - 2005 (Adjusted*) | | | | $ | 1.54 | |
| | | | | |
Commercial Businesses | | | | | |
| | | | | |
Earnings Per Share - diluted - 2004 (Adjusted*) | | | | $ | 1.04 | |
| | | | | |
Weather | | 0.03 | | | |
Electric sales volumes | | 0.04 | | | |
Price increases | | 0.20 | | | |
Fuel costs | | (0.12 | ) | | |
Optimization activities | | 0.28 | | | |
Operation and maintenance | | (0.03 | ) | | |
Power marketing, trading and origination | | 0.03 | | | |
Gas marketing, trading and origination | | (0.06 | ) | | |
Financing and dilution | | (0.07 | ) | | |
Other - net | | (0.03 | ) | | |
| | | | | |
Earnings Per Share - diluted - 2005 (Adjusted*) | | | | $ | 1.31 | |
| | | | | |
Power Technology & Infrastructure Services | | | | | |
| | | | | |
Earnings Per Share - diluted - 2004 (Adjusted*) | | | | $ | (0.05 | ) |
| | | | | |
Results of investments | | 0.01 | | | |
| | | | | |
Earnings Per Share - diluted - 2005 (Adjusted*) | | | | $ | (0.04 | ) |
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.
