<PAGE> Exhibit B
<TABLE>
<CAPTION>
NEES ENERGY, INC.
Consolidated Statement of Income and Accumulated Deficit
(Thousands of Dollars)
For the Periods Ended September 30, 2000
(Unaudited, Subject to Adjustment)
Six
QuarterMonths
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<S> <C> <C>
INCOME
Revenue (1) $ 0 $ 0
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Total income 0 0
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EXPENSES
Operating expenses
Selling, general and administrative expenses 29 56
Income tax (10) (20)
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Total operating expenses (19) 36
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Operating income (loss) (19) (36)
Other income (expense)
Goodwill amortization(2) (160) (320)
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Net income (loss) (179) (356)
Accumulated deficit at beginning of period (203) (26)
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Accumulated deficit at end of period $(382) $(382)
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(1) Represents revenue of subsidiary (AllEnergy Marketing Co., L.L.C.)
(2) The income statement for the six month period ended September 30,2000,
reflects a reclassification of $320,000 of goodwill amortization previously
reflected on the "Depreciation and amortization" line in "Operating expenses",
but now reported in "Other income and expense".
</TABLE>
