EXHIBIT 99
TXU GAS COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS
(UNAUDITED)
TWELVE MONTHS ENDED
JUNE 30,
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2000 1999
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OPERATING REVENUES ............................................... $4,737 $3,931
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OPERATING EXPENSES
Energy purchased for resale .................................. 4,182 3,404
Operation and maintenance .................................... 355 358
Depreciation and other amortization........................... 63 60
Goodwill amortization ........................................ 21 21
Taxes other than income ...................................... 60 64
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Total operating expenses ................................. 4,681 3,907
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OPERATING INCOME ................................................. 56 24
OTHER INCOME (DEDUCTIONS) - NET .................................. 69 3
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INCOME BEFORE INTEREST, OTHER
CHARGES AND INCOME TAXES ..................................... 125 27
INTEREST INCOME .................................................. -- 1
INTEREST EXPENSE AND OTHER CHARGES ............................... (76) (77)
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INCOME (LOSS) BEFORE INCOME TAXES ................................ 49 (49)
INCOME TAX EXPENSE (BENEFIT) ..................................... 13 (11)
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NET INCOME (LOSS) ................................................ 36 (38)
PREFERRED STOCK DIVIDENDS ........................................ 4 4
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NET INCOME (LOSS) APPLICABLE TO
COMMON STOCK .................................................. $ 32 $ (42)
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