In millions except for per-share data.
%% 4th Qtr. Dec. 31 1999 1998
Revenues 1,540 1,564
One-time gain a1,560 c50.5
One-time loss b1,581 d9
Net income (loss) 101 111
Per share (basic) 0.46 0.51
Per share (diluted) 0.46 0.51
Year 1999 1998
Revenues 6,848 7,103
One-time gain a1,560 e65.5
One-time loss f1,619 g51
Net income (loss) 570 510
Per share (basic) 2.62 2.35
Per share (diluted) 2.61 2.34
a–After-tax gain of $7.12 a share from sale of fossil
generating plants.
b–After-tax charges of $1.48 billion, or $6.76 a share,
to amortize loss of market value of regulated assets; $60
million, or 27 cents a share, related to share repurchase
contracts; and $41 million, or 19 cents a share, for
remediation of gas sites.
c–After-tax gains of $19.5 million, or 9 cents a share,
reflecting a reduction in reserves for chemical cleanups;
$24 million, or 11 cents a share, from asset sales; and
$7 million, or 3 cents a share, reflecting reduction in
reserves related to closing of Zion nuclear plant.
d–After-tax cost of 4 cents a share from severance costs.
e–After-tax gains of $31 million, or 14 cents a share,
from asset sales; $15 million, or 7 cents a share,
reflecting reduction in reserves for closing Zion plant;
and $19.5 million, or 9 cents a share, for reducing
reserves for chemical cleanups.
f–After-tax charges of $1.48 billion, or $6.76 a share,
to amortize the loss of market value of regulated assets;
$44 million, or 20 cents a share, reflecting repurchase
of shares; $41 million, or 19 cents a share, from
remediation of gas sites; $39 million, or 18 cents a
share, from early extinguishment of debt; and $15
million, or 7 cents a share, reflecting bolstered
reserves to meet company’s service agreement with the
City of Chicago. %%
%% g–After-tax items of $29 million, or 12 cents a share,
for severance costs and $22 million, or 10 cents a share,
for increased reserves for refunds. %%
