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EXHIBIT 99
TXU ELECTRIC 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....................................................... $8,127 $6,454
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Operating expenses
Energy purchased for resale and fuel consumed....................... 3,655 2,273
Operation and maintenance........................................... 1,499 1,355
Depreciation and amortization....................................... 614 590
Income taxes........................................................ 410 405
Taxes other than income............................................. 584 545
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Total operating expenses...................................... 6,762 5,168
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Operating income......................................................... 1,365 1,286
Other income (deductions)
Allowance for equity funds used during construction................. 7 9
Other income (deductions) -- net.................................... 14 (1)
Income tax expense.................................................. (6) (5)
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Total other income (deductions)............................... 15 3
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Income before interest and other charges................................. 1,380 1,289
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Interest income.......................................................... 1 2
Interest expense and other charges
Interest............................................................ 377 384
Distributions on TXU Electric Company obligated, mandatorily
redeemable, preferred securities of subsidiary trusts holding
solely junior subordinated debentures of TXU Electric Company.... 69 68
Allowance for borrowed funds used during construction and
capitalized interest............................................. (12) (8)
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Total interest expense and other charges..................... 434 444
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Net income .............................................................. 947 847
Preferred stock dividends................................................ 10 10
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Net income available for common stock.................................... $ 937 $ 837
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