EXHIBIT 99
TXU ELECTRIC COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(Unaudited)
Twelve Months Ended
September 30,
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2001 2000
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Millions of Dollars
Operating revenues ............................................................... $ 7,985 $ 6,839
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Operating expenses
Energy purchased for resale and fuel consumed ............................... 3,515 2,635
Operation and maintenance ................................................... 1,475 1,425
Depreciation and amortization ............................................... 616 605
Income taxes ................................................................ 395 374
Taxes other than income ..................................................... 615 548
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Total operating expenses .............................................. 6,616 5,587
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Operating income ................................................................. 1,369 1,252
Other income (deductions)
Allowance for equity funds used during construction ......................... 4 7
Other income (deductions)-- net ............................................. (6) (2)
Income tax expense .......................................................... -- (4)
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Total other income (deductions) ....................................... (2) 1
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Income before interest and other charges ......................................... 1,367 1,253
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Interest income .................................................................. 30 3
Interest expense and other charges
Interest .................................................................... 394 389
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 (15) (9)
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Total interest expense and other charges ............................. 448 448
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Net income ....................................................................... 949 808
Preferred stock dividends ........................................................ 11 10
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Net income available for common stock ............................................ $ 938 $ 798
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