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EXHIBIT 99
TXU CORP. AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(UNAUDITED)
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TWELVE MONTHS ENDED
SEPTEMBER 30,
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2000 1999
MILLIONS OF DOLLARS
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OPERATING REVENUES................................................ $19,688 $17,252
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OPERATING EXPENSES
Energy purchased for resale and fuel consumed................ 11,839 9,643
Operation and maintenance.................................... 3,402 2,915
Depreciation and other amortization.......................... 1,018 1,062
Goodwill amortization........................................ 200 189
Taxes other than income...................................... 649 644
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Total operating expenses............................... 17,108 14,453
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OPERATING INCOME.................................................. 2,580 2,799
OTHER INCOME (DEDUCTIONS) - NET................................... 446 35
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INCOME BEFORE INTEREST, OTHER
CHARGES AND INCOME TAXES..................................... 3,026 2,834
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INTEREST INCOME................................................... 131 137
INTEREST EXPENSE AND OTHER CHARGES
Interest..................................................... 1,472 1,484
Distribution on mandatorily redeemable, preferred
securities of subsidiary trusts, each holding solely junior
subordinated debentures of the obligated company:
TXU Corp. obligated................................ 28 14
Subsidiary obligated............................... 78 78
Preferred stock dividends of subsidiaries.................... 14 13
Distributions on preferred securities of subsidiary perpetual
trust of TXU Europe.................................... 9 --
Allowance for borrowed funds used during
construction and capitalized interest.................. (11) (9)
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Total interest expense and other charges............... 1,590 1,580
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INCOME BEFORE INCOME TAXES........................................ 1,567 1,391
INCOME TAX EXPENSE................................................ 470 512
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NET INCOME........................................................ 1,097 879
PREFERENCE STOCK DIVIDENDS........................................ 6 --
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NET INCOME AVAILABLE FOR COMMON STOCK............................. $1,091 $ 879
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Average shares of common stock outstanding (millions)............. 268 280
Per share of common stock:
Basic earnings............................................... $4.06 $3.14
Diluted earnings............................................. $4.06 $3.14
Dividends declared.......................................... $2.40 $2.30
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