Home > Electricity > Electricity Publications > Electric Power Annual 2000 Volume II > HTML Data Tables > Table 8
 Date of Data: 2000
 Report Released: November 2002
 Next Release Date: January 2003

Table 8. Composite Statement of Income for Major U.S. Investor-Owned Electric Utilities,
1996 Through 2000
(Thousand Dollars)
Description 1996 1997 1998 1999 2000
Operating Revenue 207,459,078 215,082,593 218,174,613 214,160,472 235,336,467
  Electric 188,900,781 195,897,868 201,970,019 197,577,518 214,706,565
  Gas 17,869,394 18,662,611 15,734,812 16,033,291 19,947,581
  Other Utility 688,903 522,114 469,782 549,662 682,320
Operating Expenses 173,920,492 182,796,184 186,497,546 182,258,470 210,324,036
  Electric 156,937,816 165,443,479 171,688,890 167,266,172 191,329,362
    Operation 97,206,642 104,337,106 110,758,800 108,460,803 132,662,431
    Maintenance 12,049,844 12,367,646 12,485,809 12,276,436 12,184,848
    Depreciation1 21,193,742 23,072,100 24,122,208 23,968,285 23,669,903
    Taxes Other Than Income Taxes 13,569,490 13,611,714 12,867,359 12,336,492 11,882,863
    Regulatory Debits (net) 683,185 615,575 -455,682 -708,435 4,794,035
    Income Taxes 11,194,656 11,862,201 13,037,021 14,843,421 7,641,212
    Deferred Income Tax 1,616,998 25,433 -476,064 -2,216,263 -945,053
    Investment Tax Credit (Net) -576,741 -448,296 -650,561 -1,694,568 -560,876
  Gas 16,257,611 16,925,438 14,395,995 14,493,318 18,340,855
    Income Taxes 223,871 584,937 667,681 633,531 314,940
    Other 16,033,740 16,340,501 13,718,314 13,859,787 18,025,915
  Other Utility 725,066 427,267 412,661 498,980 653,819
    Income Taxes -21,775 1,945 -3,782 -9,568 -24,057
    Other 746,841 425,321 416,444 508,547 677,876
Operating Income 33,538,586 32,286,409 31,677,067 31,902,002 25,012,430
  Electric 31,962,965 30,454,389 30,281,129 30,311,346 23,377,203
  Gas 1,611,783 1,737,173 1,338,817 1,539,973 1,606,726
  Other -36,163 94,847 57,121 50,683 28,501
Other Income and Deductions 1,614,287 1,813,459 1,111,163 1,665,449 3,609,047
  Allowance for Other Funds Used During          
    Construction 230,791 210,208 189,183 203,702 209,948
  Less Taxes 597,230 1,006,783 1,741,612 -1,813,496 176,197
  Deferred Earnings (Misc.) (acct 421) 774,012 665,506 2,722,008 3,273,402 6,525,355
  Less Other Income and Expenses2 -1,206,714 -1,953,528 58,417 3,625,151 2,950,059
Total Income Before Interest Charges 35,152,873 34,099,868 32,788,230 33,567,451 28,621,477
Net Interest Charges 13,990,388 14,085,736 14,056,616 13,691,495 13,781,219
  Interest Expense 13,645,951 13,767,563 13,670,318 13,376,175 13,665,925
  Less Allowance for Borrowed Funds Used During          
    Construction 326,158 331,057 328,378 330,928 396,891
  Other Charges--Net 670,597 649,300 714,675 646,248 512,185
Net Income Before Extraordinary Charges 21,162,485 20,014,132 18,731,615 19,875,956 14,840,259
Less Extraordinary Items After Taxes2 -65,696 3,151,490 1,343,507 2,793,032 1,566,537
Net Income 21,228,180 16,862,642 17,388,108 17,082,923 13,273,722
Dividends Declared - Preferred Stock 1,248,409 1,005,367 750,305 686,774 567,982
Earnings Available for Common Stocks 19,979,771 15,857,275 16,637,803 16,396,150 12,705,739
Dividends Declared - Common Stock 16,810,054 17,756,067 17,414,045 18,686,752 16,677,092
Additions Total Earnings 2,193,444 -1,959,552 -198,753 -2,784,590 -3,971,353


1/ Includes amortization and depletion.
2/ Other Income and Expenses and Extraordinary Items After Taxes were affected negatively by aftertax write offs, accounting adjustments, and regulatory rate decisions.
       Notes: · Data for 1996 through 1999 are final; whereas data for 2000 are preliminary.  · Totals may not equal sum of components because of independent rounding.
       Source: Federal Energy Regulatory Commission, FERC Form 1, "Annual Report of Major Electric Utilities, Licensees and Others." The 1997 through 2000 data are edited by Navigant Consulting, Inc.  See Appendix A for a detailed description of this restricted-universe census.


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