Exhibit 99 ONCOR ELECTRIC DELIVERY COMPANY CONDENSED STATEMENT OF CONSOLIDATED INCOME (Unaudited) Twelve Months Ended March 31, 2004 -------------------- (millions of dollars) Operating revenues: Affiliated.................................................. $1,461 Nonaffiliated .............................................. 642 ------ Total operating revenues................................ 2,103 Operating expenses: Operation and maintenance................................... 787 Depreciation and amortization............................... 317 Income taxes................................................ 108 Taxes, other than income.................................... 375 ------ Total operating expenses................................ 1,587 ------ Operating income .............................................. 516 Other income and deductions: Other income................................................ 9 Other deductions............................................ 3 Nonoperating income taxes................................... 18 Interest income................................................ 49 Interest expense and related charges........................... 290 ------ Net income..................................................... $ 263 ======