<PAGE> Exhibit B1
NEES ENERGY, INC.
Consolidated Statement of Income and Accumulated Deficit
(Thousands of Dollars)
For the Twelve Months Ended September 30, 2000
(Unaudited, Subject to Adjustment)
INCOME
Revenue (1) $341,517
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Total income 341,517
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EXPENSES
Operating expenses
Cost of sales 306,817
Depreciation 5,840
Selling, general and administrative expenses 31,831
Income tax (1,245)
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Total operating expenses 343,243
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Operating income (loss) (1,726)
Other income (expense)
Goodwill amortization(2) (337)
Other income (expense), net 807
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Other income (expense), net 470
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Net income (loss) (1,256)
Accumulated deficit at beginning of period (29,688)
Fair Value purchase accounting adjustment 30,562
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Accumulated deficit at end of period $ (382)
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(1) Represents revenue of subsidiary (AllEnergy Marketing Co., L.L.C.)
(2) Income statements for the twelve month period ended September 30,2000,
reflects a reclassification of $337,000 of goodwill amortization previously
reflected on the "Depreciation and amortization" line in "Operating expenses",
but now in "Other income and expense".
