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EXHIBIT 99
TXU GAS COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS
(UNAUDITED)
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TWELVE MONTHS ENDED
SEPTEMBER 30,
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2000 1999
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<S> <C> <C>
OPERATING REVENUES............................................................. $5,407 $3,793
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OPERATING EXPENSES
Energy purchased for resale............................................... 4,860 3,277
Operation and maintenance................................................. 344 372
Depreciation and other amortization....................................... 61 62
Goodwill amortization..................................................... 21 21
Taxes other than income................................................... 61 64
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Total operating expenses............................................. 5,347 3,796
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OPERATING INCOME (LOSS)........................................................ 60 (3)
OTHER INCOME (DEDUCTIONS) - NET................................................ 60 13
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INCOME BEFORE INTEREST, OTHER
CHARGES AND INCOME TAXES.................................................. 120 10
INTEREST INCOME................................................................ 4 1
INTEREST EXPENSE AND OTHER CHARGES............................................. (78) (77)
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INCOME (LOSS) BEFORE INCOME TAXES.............................................. 46 (66)
INCOME TAX EXPENSE (BENEFIT)................................................... 13 (18)
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NET INCOME (LOSS).............................................................. 33 (48)
PREFERRED STOCK DIVIDENDS...................................................... 4 4
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NET INCOME (LOSS) APPLICABLE TO
COMMON STOCK................................................................ $ 29 $ (52)
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