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EXHIBIT 99
TXU CORP. AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(UNAUDITED)
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TWELVE MONTHS ENDED
JUNE 30,
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2000 1999
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MILLIONS OF DOLLARS
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OPERATING REVENUES ............................................... $18,289 $17,197
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OPERATING EXPENSES
Energy purchased for resale and fuel consumed .................. 10,429 9,551
Operation and maintenance ...................................... 3,322 2,957
Depreciation and other amortization ............................ 1,050 1,168
Goodwill amortization .......................................... 194 178
Taxes other than income ........................................ 644 646
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Total operating expenses ............................... 15,639 14,500
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OPERATING INCOME ................................................. 2,650 2,697
OTHER INCOME (DEDUCTIONS) -- NET ................................. 423 49
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INCOME BEFORE INTEREST, OTHER
CHARGES AND INCOME TAXES .................................... 3,073 2,746
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INTEREST INCOME .................................................. 139 167
INTEREST EXPENSE AND OTHER CHARGES
Interest ....................................................... 1,470 1,510
Distribution on mandatorily redeemable, preferred
securities of subsidiary trusts, each holding solely junior
subordinated debentures of the obligated company:
TXU Corp. obligated ...................................... 25 9
Subsidiary obligated ..................................... 78 78
Preferred stock dividends of subsidiaries ...................... 14 14
Distributions on preferred securities of subsidiary perpetual
trust of TXU Europe ......................................... 5 --
Allowance for borrowed funds used during
construction and capitalized interest ....................... (9) (10)
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Total interest expense and other charges ............... 1,583 1,601
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INCOME BEFORE INCOME TAXES ....................................... 1,629 1,312
INCOME TAX EXPENSE ............................................... 505 501
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NET INCOME ....................................................... $ 1,124 $ 811
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Average shares of common stock outstanding (millions) ............ 272 281
Per share of common stock:
Basic earnings ................................................. $ 4.13 $ 2.88
Diluted earnings ............................................... $ 4.13 $ 2.88
Dividends declared ............................................. $ 2.375 $ 2.275
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