|
|
|
|
|
|
|
|
|
<TABLE>
<CAPTION>
Exhibit FS-3 ACE
ATLANTIC CITY ELECTRIC COMPANY
ACTUAL CONSOLIDATED STATEMENT OF INCOME
FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000
(Dollars in Thousands)
(Unaudited)
Actual
----------------
<S> <C>
OPERATING REVENUES $ 962,332
----------------
OPERATING EXPENSES
Electric fuel and purchased energy and capacity 421,073
Operation and maintenance 257,777
Depreciation and amortization 103,002
Taxes other than income taxes 42,636
----------------
824,488
----------------
OPERATING INCOME 137,844
----------------
OTHER INCOME 5,909
----------------
INTEREST EXPENSE
Interest charges 73,589
Allowance for borrowed funds used during
construction and capitalized interest (860)
----------------
72,729
----------------
PREFERRED STOCK DIVIDEND
REQUIREMENTS OF SUBSIDIARIES 7,619
----------------
INCOME BEFORE INCOME TAXES AND
EXTRAORDINARY ITEM 63,405
INCOME TAXES, EXCLUDING INCOME TAXES
APPLICABLE TO EXTRAORDINARY ITEM 21,556
----------------
INCOME BEFORE EXTRAORDINARY ITEM 41,849
EXTRAORDINARY ITEM (Net of $28,061 of income taxes) (40,612)
----------------
NET INCOME 1,237
DIVIDENDS ON PREFERRED STOCK REDEMPTION 2,132
----------------
LOSS APPLICABLE TO COMMON STOCK $ (895)
================
See accompanying Notes to Consolidated Financial Statements on FS-8.
</TABLE>
|
|