EXHIBIT 11
CONNECTICUT NATURAL GAS CORPORATION AND SUBSIDIARIES
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COMPUTATION OF CONSOLIDATED PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
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(Thousands of Dollars Except for Shares and Per Share Date)
Fiscal Year Ended September 30,
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1998 1997 1996 1995 1994
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Net income applicable to common stock:
Income $ 15,196 $ 17,075 $ 18,995 $ 17,019 $ 17,703
Less-Preferred stock dividends 61 62 63 62 66
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Net income applicable to common stock $ 15,135 $ 17,013 $ 18,932 $ 16,957 $ 17,637
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Weighted average number of shares of common
stock outstanding during the year
Basic 8,871,349 10,632,001 10,146,932 9,926,980 9,539,695
Restricted Stock Plan 51,616 51,758 28,612 32,389 38,104
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Fully Diluted 8,922,965 10,683,759 10,175,544 9,959,369 9,577,799
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Net income per share of common stock -
Basic $1.71 $1.60 $1.87 $1.71 $1.85
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Fully Diluted $1.70 $1.59 $1.86 $1.70 $1.84
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