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EXHIBIT 99
TXU ELECTRIC COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED INCOME
(UNAUDITED)
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TWELVE MONTHS ENDED
JUNE 30,
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2000 1999
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MILLIONS OF DOLLARS
<S> <S> <C>
OPERATING REVENUES ................................................... $6,454 $6,278
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OPERATING EXPENSES
Energy purchased for resale and fuel consumed ................... 2,273 2,040
Operation and maintenance ....................................... 1,355 1,281
Depreciation and amortization ................................... 590 775
Income taxes .................................................... 405 401
Taxes other than income ......................................... 545 540
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Total operating expenses .................................. 5,168 5,037
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OPERATING INCOME ..................................................... 1,286 1,241
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction ............. 9 5
Other income (deductions)-- net ................................. (1) (24)
Income tax benefit (expense) .................................... (5) 16
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Total other income (deductions) ........................... 3 (3)
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INCOME BEFORE INTEREST AND
OTHER CHARGES ................................................... 1,289 1,238
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INTEREST INCOME ...................................................... 2 3
INTEREST EXPENSE AND OTHER CHARGES
Interest ........................................................ 384 459
Distributions on TXU Electric Company obligated,
mandatorily redeemable, preferred securities
of subsidiary trusts holding solely junior
subordinated debentures of TXU Electric Company ............ 68 68
Allowance for borrowed funds used during construction
and capitalized interest .................................. (8) (9)
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Total interest expense and other charges ................. 444 518
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NET INCOME ........................................................... 847 723
PREFERRED STOCK DIVIDENDS ............................................ 10 11
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NET INCOME AVAILABLE FOR COMMON STOCK................................. $ 837 $ 712
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