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ALLEGHENY VENTURES, INC.
CONSOLIDATED STATEMENT OF INCOME
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Quarter Ended Year-to-Date Ended Twelve Months Ended
December 31, 1999 December 31, 1999 December 31, 1999
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ELECTRIC OPERATING REVENUES 23,672,926 110,356,916 110,356,916
OPERATING EXPENSES:
Operation:
Fuel 4,064,610 20,376,509 20,376,509
Purchased Power & Exchange 9,124,000 54,637,129 54,637,129
Other 903,193 4,461,499 4,461,499
Transmission & Distribution (221,143) 724,317 724,317
Cust. Accts & Services 2,077,997 2,444,291 2,444,291
Administrative & General 2,500,840 8,318,602 8,318,602
Total Operation & Maintenance 18,449,497 90,962,347 90,962,347
Depreciation 1,213,015 5,886,712 5,886,712
Taxes other than income taxes 965,448 5,061,917 5,061,917
Federal and state income taxes 788,941 51,945 51,945
Total Operating Expenses 21,416,901 101,962,921 101,962,921
Operating Income 2,256,025 8,393,995 8,393,995
OTHER INCOME AND DEDUCTIONS:
Other income (loss), net 39,012 (216,061) (216,061)
Total Other Income and Deductions 39,012 (216,061) (216,061)
Income Before Interest Charges and
Preferred Dividends 2,295,037 8,177,934 8,177,934
INTEREST CHARGES AND PREFERRED DIVIDENDS:
Interest on other long-term obligations 1,205,208 8,250,275 8,250,275
Other interest 2,967 46,469 46,469
Total Interest Charges and
Preferred Dividends 1,208,175 8,296,744 8,296,744
Consolidated Net Income (Loss) 1,086,862 (118,810) (118,810)
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