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EXHIBIT 99
TXU GAS COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(UNAUDITED)
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TWELVE MONTHS ENDED
JUNE 30,
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2001 2000
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MILLIONS OF DOLLARS
Operating revenues..................................... $ 8,045 $ 4,737
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Operating expenses
Energy purchased for resale........................ 7,507 4,182
Operation and maintenance.......................... 340 355
Depreciation and other amortization................ 64 63
Goodwill amortization.............................. 21 21
Taxes other than income............................ 94 60
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Total operating expenses....................... 8,026 4,681
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Operating income ...................................... 19 56
Other income (deductions) - net........................ 14 69
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Income before interest, other charges and income taxes. 33 125
Interest income........................................ 15 --
Interest expense and other charges..................... (90) (76)
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Income (loss) before income taxes...................... (42) 49
Income tax expense (benefit)........................... (7) 13
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Net income (loss)...................................... (35) 36
Preferred stock dividends.............................. 4 4
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Net income (loss) applicable to common stock........... $ (39) $ 32
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