WEST PENN FUNDING LLC
Statement of Income
(Thousands of Dollars)
Three Months Six Months
Ended Ended
June 30,2000 June 30,2000
OPERATING REVENUES:
Intangible transition charges $23,056 $48,561
Interest income 97 249
Total Operating Revenues 23,153 48,810
OPERATING EXPENSES:
Amortization of intangible transition pro 12,481 27,214
Interest on transition bonds 10,190 20,407
Amortization of debt issuance costs 285 545
Administrative and general expense 334 670
Total Operating Expenses 23,290 48,836
Operating Income (137) (26)
Federal and state income taxes (58) (10)
NET INCOME ($79) ($16)
See accompanying notes to financial statements.
WEST PENN FUNDING LLC
Statement of Member's Equity
(Thousands of Dollars)
June 30,2000
Member's equity at January 1 $3,031
Net income (16)
Investment from member 14
Member's equity at June 30 $3,029
See accompanying notes to financial statements.
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