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| |
2000 |
1999 |
% Change |
| |
(In
millions, except per share amounts) |
| Common Stock
Data |
|
| Earnings per share |
|
|
|
|
|
Earnings per share before
special costs
included in operation and cumulative
effect of change in accounting principle |
$ |
2.60 |
$ |
2.43 |
7.0% |
Earnings per share before
cumulative
effect of change in accounting principle |
|
0.52 |
|
2.30 |
(77.4)% |
| Earnings per share |
|
0.57 |
|
2.30 |
(75.2)% |
| Dividends declared per share |
$ |
.48 |
$ |
1.68 |
(71.4)% |
| Average shares outstanding |
|
160.7 |
|
150.0 |
7.1% |
| Return on average common
equity |
|
|
|
|
|
Excluding special costs
and nonrecurring
items |
|
10.9% |
|
11.9% |
(8.4)% |
| Reported |
|
2.5% |
|
11.3% |
(77.9)% |
| Book value per share -- year
end |
$ |
23.48 |
$ |
21.09 |
11.3% |
| Market price per share -- year
end |
$ |
26.55 |
$ |
45.06 |
(41.1)% |
| Market value of common stock
-- year end |
$ |
4,346 |
$ |
6,783 |
(35.9)% |
Financial Data |
|
| Total Revenues |
$ |
3,928 |
$ |
3,853 |
1.9% |
| Income from operations |
$ |
358 |
$ |
843 |
(57.5)% |
| Income before cumulative
effect of change in accounting principle |
|
82 |
$ |
345 |
(76.2)% |
| Cumulative effect of change in
accounting principle |
|
9 |
|
-- |
|
| Net Income |
$ |
91 |
$ |
345 |
(73.6)% |
| Assets |
|
|
|
|
|
| Merchant energy business |
$ |
8,134 |
$ |
7,296 |
11.5% |
| Regulated utility
business |
|
4,869 |
|
4,482 |
8.6% |
| Other businesses and
corporate items |
|
1,075 |
|
1,161 |
(7.4)% |
| Total Assets |
$ |
14,078 |
$ |
12,939 |
8.8% |
| Total common equity |
$ |
3,844 |
$ |
3,174 |
21.1% |
| Nonregulated capital
expenditures |
$ |
1,850 |
$ |
830 |
122.9% |
| Regulated capital expenditures |
$ |
239 |
$ |
350 |
(31.7)% |
Certain prior-year amounts have been
reclassified to conform with the current year's presentation.
*In January 2002, the Board of Directors announced
it will increase the dividend to 96 cents per share (24 cents quarterly). |
