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NEW ENGLAND POWER SERVICE COMPANY
Statement of Income
Twelve Months Ended December 31, 1999
(Unaudited)
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(In Thousands)
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Income:
Services rendered to associated companies $206,728
Services rendered to nonassociated companies 183
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Total income 206,911
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Expenses:
Salaries and wages 90,418
General and administrative expenses 108,069
Taxes, other than income taxes 5,706
Income taxes 541
Interest expense 338
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Total expenses 205,072
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Net income $ 1,839
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Statement of Retained Earnings
Retained earnings at beginning of period $ 1,839
Net income 1,839
Dividends declared on common stock (1,839)
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Retained earnings at end of period $ 1,839
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