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Previous: PROGRESS ENERGY INC, U-1/A, EX-99, 2000-12-12 |
Next: PROGRESS ENERGY INC, U-1/A, EX-99, 2000-12-12 |
FS-5 -NCNG STATEMENT OF INCOME
NORTH CAROLINA NATURAL GAS COMPANY
CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED)
SEPTEMBER 30, 2000
STATEMENT OF INCOME
TWELVE MONTHS
ENDED
9/30/00
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(In thousands)
OPERATING REVENUES
Natural Gas $ 288,890
Cost of sales 207,155
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Gross Margin 81,735
OPERATING EXPENSES
Operation and maintenance 32,623
Depreciation and amortization 19,718
General taxes 2,794
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Total Operating Expenses and Taxes 55,135
OPERATING INCOME 26,600
OTHER INCOME (EXPENSE) 3,450
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INCOME BEFORE UTILITY CHARGES 30,050
UTILITY INTEREST CHARGES, NET 5,403
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NET INCOME BEFORE INCOME TAXES 24,647
INCOME TAXES 13,267
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NET INCOME $ 11,380
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