<PAGE> 1
Exhibit K-2
COMPARISON OF ELECTRIC UTILITY COMPANIES ON VARIOUS INDICATORS OF SIZE
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As of December 31, 1999 (except as otherwise noted)
<TABLE>
<CAPTION>
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U.S.
Electric
Total Revenues Total Assets (a) Customers
System ($Thousands) (a) ($Millions) (Millions)
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<S> <C> <C> <C>
Allegheny Energy, Inc. 3,207,163 6,833 1.4
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Ameren Corporation 3,693,525 9,312 1.5
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American Electric Power Company, Inc. 8,493,000 40,399 4.9
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CP&L Energy, Inc./Florida Progress Corporation 7,693,335 16,418 2.6
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CINergy Corp. 6,612,801 10,671 1.4
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CMS Energy Corporation 6,638,000 15,707 1.6
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Consolidated Edison, Inc./Northeast Utilities 13,782,710 26,803 5.0
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Constellation Energy Group, Inc. 3,894,600 10,636 1.1
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Dominion Resources, Inc. 7,039,700 29,098 2.0
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DTE Energy Company/MCN Energy Group Inc. 7,775,185 12,517 2.1
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Duke Energy Corporation 31,053,000 44,435 2.0
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Edison International 10,938,747 36,929 4.2
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FPL Group, Inc./Entergy Corporation 15,316,182 38,520 6.3
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KeySpan Energy Corporation 3,714,180 7,120 1.1
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Allete 1,244,700 2,560 0.1
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PG&E Corporation 21,389,000 31,229 4.5
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Pinnacle West Capital Corporation 2,685,371 6,844 0.8
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PPL Corporation 5,229,000 11,869 1.3
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Public Service Enterprise Group Incorporated 6,711,000 19,632 1.9
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Reliant Energy, Incorporated 19,006,633 30,256 1.7
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Sempra Energy 5,729,000 13,047 1.2
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The Southern Company 12,120,591 39,521 3.8
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TXU Corp. 18,289,000 41,463 2.5
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Exelon Corporation 12,791,764 55,866 4.9
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Xcel Energy Inc. 6,413,932 20,294 2.9
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FirstEnergy Corp. 6,688,390 18,101 2.2
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GPU Inc. 5,252,539 20,450 2.1
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FirstEnergy Corp. and GPU Inc. as a Combined Company 11,940,929 38,560 4.3
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<CAPTION>
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Market Domestic Total Regulated
Capitalization (b) Capacity Sales
System ($Millions) (MW) (MWhs)
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<S> <C> <C> <C>
Allegheny Energy, Inc. 4,417 8,593 43,410,872
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Ameren Corporation 5,506 11,809 42,104,295
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American Electric Power Company, Inc. 12,618 38,856 220,397,379
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CP&L Energy, Inc./Florida Progress Corporation 8,793 18,395 73,658,319
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CINergy Corp. 4,887 11,221 49,882,926
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CMS Energy Corporation 2,936 6,252 35,754,795
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Consolidated Edison, Inc./Northeast Utilities 8,799 5,183 70,826,120
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Constellation Energy Group, Inc. 6,708 5,962 29,264,078
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Dominion Resources, Inc. 13,897 20,000 65,826,104
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DTE Energy Company/MCN Energy Group Inc. 6,351 11,005 49,822,240
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Duke Energy Corporation 32,384 21,874 74,109,763
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Edison International 6,883 19,924 78,206,526
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FPL Group, Inc./Entergy Corporation 21,138 42,744 185,123,385
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KeySpan Energy Corporation 4,476 6,200 0
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Allete 2,787 6,876 8,961,884
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PG&E Corporation 11,032 11,860 79,208,929
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Pinnacle West Capital Corporation 4,285 3,987 20,961,836
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PPL Corporation 6,219 9,645 33,045,000
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Public Service Enterprise Group Incorporated 9,447 10,579 40,321,251
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Reliant Energy, Incorporated 13,714 18,686 69,413,706
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Sempra Energy 4,261 230 14,718,306
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The Southern Company 19,418 37,981 143,944,000
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TXU Corp. 9,705 21,080 96,985,843
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Exelon Corporation 20,044 19,489 115,414,915
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Xcel Energy Inc. 9,354 24,215 74,851,866
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FirstEnergy Corp. 5,860 12,071 58,658,008
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GPU Inc. 3,927 280 44,008,009
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FirstEnergy Corp. and GPU Inc. as a Combined Company 8,074 12,336 102,666,017
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</TABLE>
Notes
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(a) As of June 30, 2000
(b) As of October 17, 2000
