EXHIBIT 99
TXU ELECTRIC COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(UNAUDITED)
TWELVE MONTHS ENDED
SEPTEMBER 30,
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2000 1999
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MILLIONS OF DOLLARS
OPERATING REVENUES..................................................... $6,839 $6,215
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OPERATING EXPENSES
Energy purchased for resale and fuel consumed..................... 2,635 2,075
Operation and maintenance......................................... 1,425 1,292
Depreciation and amortization..................................... 605 627
Income taxes...................................................... 374 395
Taxes other than income........................................... 548 538
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Total operating expenses.................................... 5,587 4,927
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OPERATING INCOME....................................................... 1,252 1,288
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction............... 7 9
Other income (deductions)-- net................................... (2) (21)
Income tax benefit (expense)...................................... (4) 13
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Total other income (deductions)............................. 1 1
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INCOME BEFORE INTEREST AND
OTHER CHARGES..................................................... 1,253 1,289
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INTEREST INCOME........................................................ 3 3
INTEREST EXPENSE AND OTHER CHARGES
Interest.......................................................... 389 438
Distributions on TXU Electric Company obligated,
mandatorily redeemable, preferred securities
of subsidiary trusts holding solely junior
subordinated debentures of TXU Electric Company.............. 68 69
Allowance for borrowed funds used during construction
and capitalized interest.................................... (9) (9)
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Total interest expense and other charges................... 448 498
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NET INCOME ............................................................ 808 794
PREFERRED STOCK DIVIDENDS.............................................. 10 11
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NET INCOME AVAILABLE FOR COMMON STOCK.................................. $ 798 $ 783
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