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&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Various factors can have a
significant impact on our results for interim periods. This means that the
results for this quarter are not necessarily indicative of future quarters or
full year results given the seasonality of our business. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our interim financial
statements on the previous pages reflect all adjustments that management
believes are necessary for the fair statement of the results of operations for
the interim periods presented. These adjustments are of a normal recurring
nature. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We have evaluated events
or transactions that occurred after June&amp;nbsp;30, 2009 for inclusion in these
financial statements through August&amp;nbsp;7, 2009, the date these financial
statements were issued. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Basis of Presentation
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;This Quarterly Report on
Form&amp;nbsp;10-Q is a combined report of Constellation Energy Group,&amp;nbsp;Inc.
(Constellation Energy) and Baltimore Gas and Electric Company (BGE). References
in this report to "we" and "our" are to Constellation Energy and its
subsidiaries, collectively. References in this report to the "regulated
business(es)" are to BGE. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Reclassifications &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We have reclassified certain
prior-period amounts: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In accordance with Statement of
    Financial Accounting Standards (SFAS) No.&amp;nbsp;160, &lt;/FONT&gt;&lt;FONT
    size=2&gt;&lt;I&gt;Noncontrolling Interests in Consolidated Financial Statements, an
    amendment of ARB No.&amp;nbsp;51&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;, which we adopted on
    January&amp;nbsp;1, 2009, we have separately presented: &lt;/FONT&gt;
    &lt;DL compact&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;"Net income (loss)
      attributable to noncontrolling interests" on our, and BGE's, Consolidated
      Statements of Income (Loss), &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;"Noncontrolling interests" and
      "BGE Preference Stock Not Subject to Mandatory Redemption" as
      noncontrolling interests on our Consolidated Balance Sheets, &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;"Comprehensive income
      attributable to noncontrolling interests, net of taxes" in our Statements
      of Comprehensive Income (Loss), and &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;"BGE preference stock
      dividends paid" in the financing section of our Consolidated Statements of
      Cash Flows. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We discuss our adoption
of SFAS No.&amp;nbsp;160 in more detail on page&amp;nbsp;41. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We also made the
following reclassifications: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
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    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We have separately presented
    "Amortization of nuclear fuel," "Amortization of energy contracts," and "All
    other amortization" that were previously reported within "Depreciation,
    depletion, and amortization" on our Consolidated Statements of Cash Flows.
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We have separately presented
    "Net collateral and margin" that was previously reported within other
    working capital accounts on our Consolidated Statements of Cash Flows.
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We have separately presented
    "Other amortization" that was previously reported within "Depreciation and
    amortization" on BGE's Consolidated Statements of Cash Flows.
&lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;&lt;/BODY&gt;&lt;/HTML&gt;
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&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Variable Interest Entities
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, we
consolidated three variable interest entities (VIE) in which we were the primary
beneficiary, and we had significant interests in seven VIEs for which we did not
have controlling financial interests and, accordingly, were not the primary
beneficiary. We discuss our VIEs in more detail in &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Note&amp;nbsp;4&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Consolidated Variable Interest
Entities&lt;/U&gt; &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In 2007, BGE formed RSB
BondCo&amp;nbsp;LLC (BondCo), a special purpose bankruptcy-remote limited liability
company, to acquire and hold rate stabilization property and to issue and
service bonds secured by the rate stabilization property. In June 2007, BondCo
purchased rate stabilization property from BGE, including the right to &lt;!-- SEQ.=1,FOLIO='11',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_12&gt;&lt;/A&gt;assess, collect, and receive non-bypassable rate
stabilization charges payable by all residential electric customers of BGE.
These charges are being assessed in order to recover previously incurred power
purchase costs that BGE deferred pursuant to Senate Bill 1. We discuss Senate
Bill 1 in more detail in &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Management's Discussion and
Analysis&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; section of our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;BGE determined that
BondCo is a VIE for which it is the primary beneficiary. As a result, BGE, and
we, consolidated BondCo. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The BondCo assets are
restricted and can only be used to settle the obligations of BondCo. Further,
BGE is required to remit all payments it receives from customers for rate
stabilization charges to BondCo. During the quarter and six months ended
June&amp;nbsp;30, 2009, BGE remitted $17.6&amp;nbsp;million and $42.1&amp;nbsp;million,
respectively, to BondCo. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;BGE did not provide any
additional financial support to BondCo during the quarter and six months ended
June&amp;nbsp;30, 2009. Further, BGE does not have any contractual commitments or
obligations to provide additional financial support to BondCo unless additional
rate stabilization bonds are issued. The BondCo creditors do not have any
recourse to the general credit of BGE in the event the rate stabilization
charges are not sufficient to cover the bond principal and interest payments of
BondCo. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the second quarter
of 2009, our retail gas customer supply operation formed two new entities and
combined them with our existing retail gas customer supply operation into a
retail gas entity group for the purpose of entering into a collateralized gas
supply agreement (GSA) with a third party gas supplier. While we own 100% of
these entities, we determined that the retail gas entity group is a VIE because
we provide additional credit support to the gas supplier in the form of a letter
of credit and a parental guarantee. We are the primary beneficiary of the retail
gas entity group; accordingly, we consolidate the retail gas entity group as a
VIE, including the existing retail gas customer supply operation, which we
formerly consolidated as a voting interest entity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The gas supply
arrangement is collateralized as follows: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The assets of the retail gas
    entity group must be used to settle obligations under the third party gas
    supply agreement before it can make any distributions to us, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The third party gas supplier has
    a collateral interest in all of the assets and equity of the retail gas
    entity group, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We provided a $100&amp;nbsp;million
    parental guarantee and a $160&amp;nbsp;million letter of credit to the third
    party gas supplier in support of the retail gas entity group. The letter of
    credit has been decreased to $100&amp;nbsp;million as of June&amp;nbsp;30, 2009.
    &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Other than credit support
provided by the parental guarantee and the letter of credit, we do not have any
contractual or other obligations to provide additional financial support to the
retail gas entity group. The retail gas entity group creditors do not have any
recourse to our general credit. Finally, we did not provide any financial
support to the retail gas entity group during the quarter ended June&amp;nbsp;30,
2009, other than the initial equity contribution, parental guarantee and the
letter of credit. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The carrying amounts and
classification of the above consolidated VIEs' assets and liabilities included
in our consolidated financial statements at June&amp;nbsp;30, 2009 are as follows:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=162&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=46&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;542.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncurrent assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;63.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total Assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;605.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;467.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncurrent liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;479.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total Liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;947.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;All of the assets in the
table above are restricted for settlement of the VIE obligations and all of the
liabilities in the table above can only be settled using VIE resources.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We also consolidate a
retail power supply VIE for which we became the primary beneficiary in 2008 as a
result of a modification to its contractual arrangements that changed the
allocation of the economic risks and rewards of the VIE among the variable
interest holders. The consolidation of this VIE did not have a material impact
on our financial results or financial condition. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Unconsolidated Variable
Interest Entities&lt;/U&gt; &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, we had
significant interests in seven VIEs for which we were not the primary
beneficiary. We have not provided any material financial or other support to
these entities during the quarter and six months ended June&amp;nbsp;30, 2009.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=2,FOLIO='12',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_13&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The nature of these
entities and our involvement with them are described in the following table:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="16%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="16%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="16%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="16%"&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;VIE
      Category&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Nature
      of&lt;BR&gt;Entity&lt;BR&gt;Financing&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Nature
      of&lt;BR&gt;Constellation&lt;BR&gt;Energy&lt;BR&gt;Involvement&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Obligations
      or&lt;BR&gt;Requirement&lt;BR&gt;to Provide&lt;BR&gt;Financial&lt;BR&gt;Support&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Date
      of&lt;BR&gt;Involvement&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=9&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power contract monetization entities
      (2&amp;nbsp;entities)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Combination of debt and equity
      financing&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Power sale agreements, loans,
      and guarantees&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$40.4&amp;nbsp;million in letters
      of credit&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;March 2005&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power projects and fuel supply entities
      (4&amp;nbsp;entities)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Combination of debt and equity
      financing&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Equity investments and
      guarantees&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;$2.0&amp;nbsp;million debt
      guarantee and working capital funding&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Prior to 2003&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Retail gas supply contract
      (1&amp;nbsp;entity)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Equity financing and proceeds
      from gas sales&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas supply
    agreement&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;$3.8&amp;nbsp;million in
      obligations under gas supply agreement&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 9pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times"
      align=left&gt;&lt;FONT size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;February
  2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We discuss the nature of
our involvement with the power contract monetization VIEs in detail in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;4&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual
Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following is summary
information available as of June&amp;nbsp;30, 2009 about these entities: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=79&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=45&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Power&lt;BR&gt;Contract&lt;BR&gt;Monetization&lt;BR&gt;VIEs&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;All&lt;BR&gt;Other&lt;BR&gt;VIEs&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Total&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=11&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=8&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;574.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;322.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;896.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;466.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;92.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;558.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Our ownership interest&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;56.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;56.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other ownership interests&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;107.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;173.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;281.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Our maximum exposure to loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;40.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;62.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;102.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Carrying amount and location of variable
      interest on balance sheet:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;-Other investments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;56.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;56.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our maximum exposure to
loss is the loss that we would incur in the unlikely event that our interests in
all of these entities were to become worthless and we were required to fund the
full amount of all guarantees associated with these entities. Our maximum
exposure to loss as of June&amp;nbsp;30, 2009 consists of the following: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;outstanding receivables, loans,
    and letters of credit totaling $44.2&amp;nbsp;million, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the carrying amount of our
    investment totaling $56.4&amp;nbsp;million, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;debt and payment guarantees
    totaling $2.0&amp;nbsp;million. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We assess the risk of a
loss equal to our maximum exposure to be remote and, accordingly have not
recognized a liability associated with any portion of the maximum exposure to
loss. In addition, there are no agreements with, or commitments by, third
parties that would affect the fair value or risk of our variable interests in
these variable interest entities. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
  <us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Workforce Reduction Costs
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We incurred workforce reduction costs
during the six months ended June&amp;nbsp;30, 2009 primarily related to the
divestiture of a majority of our international commodities operation as well as
some smaller restructurings elsewhere in our organization. We recognized an
$11.2&amp;nbsp;million pre-tax charge during the six months ended June&amp;nbsp;30, 2009
related to the elimination of approximately 180 positions. We expect these
restructurings will be completed within the next 12&amp;nbsp;months. The following
table summarizes the status of the involuntary severance liability at
June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Initial severance liability
    balance&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Additional expense recorded in the second
      quarter of 2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amounts recorded as pension and postretirement
      liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net cash severance liability&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;11.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Cash severance payments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(8.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Severance liability balance at June&amp;nbsp;30,
      2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We also incurred costs
related to workforce reduction efforts initiated across all of our operations in
2008. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=4,FOLIO='14',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_15&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
summarizes the status of this involuntary severance liability at June&amp;nbsp;30,
2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Initial severance liability
    balance&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;19.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amounts recorded as pension and postretirement
      liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(3.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net cash severance liability&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;16.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Cash severance payments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(10.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Severance liability balance at June&amp;nbsp;30,
      2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We discuss our 2008
workforce reduction costs in more detail in &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Note&amp;nbsp;2&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock>
  <us-gaap:EarningsPerSharePolicyTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Earnings Per Share &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Basic earnings per common share (EPS)
is computed by dividing earnings applicable to common stock by the
weighted-average number of common shares outstanding for the period. Diluted EPS
reflects the potential dilution of common stock equivalent shares that could
occur if securities or other contracts to issue common stock were exercised or
converted into common stock. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our dilutive common stock
equivalent shares consist of stock options and other stock-based compensation
awards. The following table presents stock options that were not dilutive and
were excluded from the computation of diluted EPS in each period, as well as the
dilutive common stock equivalent shares: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=99&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Non-dilutive stock options&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Dilutive common stock equivalent
      shares&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;As a result of the Company
incurring a loss for the six months ended June&amp;nbsp;30, 2009, dilutive common
stock equivalent shares were not included in calculating diluted
EPS.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We issued to MidAmerican
19,897,322 shares of Constellation Energy's common stock upon the conversion of
the Series&amp;nbsp;A Preferred Stock, which happened upon the termination of the
merger agreement with MidAmerican on December&amp;nbsp;17, 2008. We discuss the
conversion feature of the Series&amp;nbsp;A Preferred Stock in more detail in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;9&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual
Report on Form&amp;nbsp;10-K. These additional shares impacted our earnings per
share for the quarter and six months ended June&amp;nbsp;30, 2009.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:EarningsPerSharePolicyTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Accretion of Asset Retirement
Obligations &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We discuss our asset retirement
obligations in more detail in &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt; of our 2008 Annual Report on Form&amp;nbsp;10-K. The change in our "Asset
retirement obligations" liability during 2009 was as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liability at January&amp;nbsp;1, 2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;987.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Accretion expense&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;36.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liabilities incurred&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liabilities settled&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Revisions to cash flows&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liability at June&amp;nbsp;30, 2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,022.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:AssetRetirementObligationDisclosureTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
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&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Divestitures &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In 2009, we continued to implement
many of the strategic initiatives we identified in 2008 to improve liquidity and
reduce our business risk. We discuss these initiatives in the &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Strategy&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; section of our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The transactions to sell
a majority of our international commodities, our Houston-based gas trading and
other operations were structured in two parts: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the assignment and transfer of a
    majority of the portfolio, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the execution of a Total Return
    Swap (TRS) mechanism for the remainder of the portfolio. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Under the TRS, we entered
into offsetting trades with the buyers that matched the terms of the remaining
third party contracts for which we were unable to complete assignment to the
buyers as of the transaction dates. This structure transferred the risks
associated with changes in commodity prices as of the transaction dates to the
buyers in all instances. However, the trades under the TRS are newly executed
transactions, and we remain the principal under both the unassigned third party
trades and the matching trades with the buyers under the TRS with no right of
either financial or legal offset. We continue to pursue the assignment of these
remaining contracts to the buyers. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The matching contracts
under the TRS include both derivatives and non-derivatives and were executed at
prices that differed from market prices at closing, which resulted in a net cash
payment to/from the buyers. We recorded the underlying contracts at fair value
on a gross basis as assets or liabilities in our Consolidated Balance Sheets
depending on whether the contract prices were above- or below-market prices at
closing. As a result, the derivative contracts have been included in "Derivative
Assets and Liabilities" and the nonderivative contracts have been included in
"Unamortized Energy Contract Assets and Liabilities." The derivative &lt;!-- SEQ.=5,FOLIO='15',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_16&gt;&lt;/A&gt;contracts are subject to mark-to-market accounting
until they are realized or assigned. The nonderivative contracts will be
amortized into earnings as the underlying contracts are realized, or sooner if
those contracts are assigned. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We record the cash
proceeds we pay or receive at the inception of energy purchase and sale
contracts based upon whether the contracts are in-the-money or out-of-the-money
as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="78%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=37&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=3&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;In-the-money contracts&amp;#151;proceeds
    paid&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" vAlign=bottom align=right&gt;&lt;FONT
      size=2&gt;Investing Outflow&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Out-of-the-money contracts&amp;#151;proceeds
      received&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" vAlign=bottom align=right&gt;&lt;FONT
      size=2&gt;&lt;BR&gt;Financing Inflow&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=3&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;After inception, we
record the cash flows from all energy purchase and sale contracts as operating
activities, except for out-of-the-money derivative contracts that were
liabilities at inception. We record the ongoing cash flows from these
out-of-the-money derivative contracts as financing activities, regardless of
whether they are purchase or sale contracts. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;International Commodities
Operation &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In January 2009, we entered into a
definitive agreement to sell a majority of our international commodities
operation. We completed this transaction on March&amp;nbsp;23, 2009 and recognized
the following impacts during the six months ended June&amp;nbsp;30, 2009:
&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;a pre-tax loss of approximately
    $334.5&amp;nbsp;million representing net consideration paid to the buyer, the
    book value of net assets sold, and transaction costs, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;a reclassification of
    $165.7&amp;nbsp;million in losses on previously designated cash-flow hedge
    contracts, for which the forecasted transactions are now deemed probable of
    not occurring, from "Accumulated Other Comprehensive Loss" to "Nonregulated
    revenues" in the Consolidated Statements of Income (Loss), &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;workforce reduction costs of
    $10.2&amp;nbsp;million, recorded as part of "Workforce reduction costs" in the
    Consolidated Statements of Income (Loss), and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;other costs of
    $10.1&amp;nbsp;million related to leasehold improvements, furniture and computer
    hardware and software, recorded as part of "Impairment losses and other
    costs" in the Consolidated Statements of Income (Loss). &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We removed the contracts
that were assigned from our balance sheet, paid the buyer approximately
$90&amp;nbsp;million, and reflected the impact of this payment on our working
capital in the operating activities section of our Consolidated Statements of
Cash Flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The net cash payment to
the buyer upon completion of the TRS was $2.5&amp;nbsp;million. As part of the
consideration, we acquired matching nonderivative contracts that resulted in a
net liability of approximately $75&amp;nbsp;million, which will be amortized into
earnings as the underlying contracts are realized, or sooner if the original
nonderivative contracts are assigned. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We have reflected the
contracts under the TRS on a gross basis in cash flows from investing and
financing activities in our Consolidated Statements of Cash Flows as follows:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=left
    colSpan=4&gt;&lt;FONT size=2&gt;&lt;I&gt;Six Months Ended June&amp;nbsp;30, 2009
    &lt;/I&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Investing activities&amp;#151;Contract and portfolio
      acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(866.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Financing activities&amp;#151;Proceeds from contract and
      portfolio acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;863.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net cash flows from contract and portfolio
      acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(2.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition to the
March&amp;nbsp;23, 2009 transaction for a majority of our international commodities
operation, on June&amp;nbsp;30, 2009 we completed the sale of a uranium market
participant that we owned. We received cash proceeds of approximately
$43&amp;nbsp;million and recorded a $27.2&amp;nbsp;million loss on this sale. This loss
from our merchant energy segment is included in the "Net (loss) gain on
divestitures" line in our Consolidated Statements of Income (Loss). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Houston-Based Gas and Other
Trading Operations &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On February&amp;nbsp;3, 2009, we entered
into a definitive agreement to sell our Houston-based gas trading operation. We
transferred control of this operation on April&amp;nbsp;1, 2009. In addition, in the
second quarter of 2009 we also sold certain other trading operations. In total,
we received proceeds of approximately $56&amp;nbsp;million, and recorded a
$102.4&amp;nbsp;million net loss on these sales in the quarter ended June&amp;nbsp;30,
2009. The net loss on sale primarily relates to nonderivative accrual contracts,
which were not recorded on our Consolidated Balance Sheet, the cost associated
with disposing of an entire portfolio and not merely individual contracts, and
the cost of capital, including contingent capital, to support the operation.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The matching derivative
and nonderivative transactions under the TRS discussed above were executed at
prices that differed from market prices at closing. As a result, we record the
ongoing cash flows related to the out-of-the-money derivative contracts that
were liabilities at inception as financing cash flows in accordance with SFAS
No.&amp;nbsp;149. This resulted in cash outflows related to financing activities of
$378.0&amp;nbsp;million and $695.4&amp;nbsp;million in our &lt;!-- SEQ.=6,FOLIO='16',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_17&gt;&lt;/A&gt;Consolidated Statements of Cash Flows for the
quarter and six months ended June&amp;nbsp;30, 2009, respectively, associated with
derivative liabilities that were out-of-the-money. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The net cash receipt from
the buyers upon completion of the TRS was $91.9&amp;nbsp;million in the second
quarter of 2009. We have reflected these contracts on a gross basis in cash
flows from investing and financing activities in our Consolidated Statements of
Cash Flows as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=left
    colSpan=4&gt;&lt;FONT size=2&gt;&lt;I&gt;Six Months Ended June&amp;nbsp;30, 2009
    &lt;/I&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Investing activities&amp;#151;Contract and portfolio
      acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(1,287.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Financing activities&amp;#151;Proceeds from contract and
      portfolio acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;1,379.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net cash flows from contract and portfolio
      acquisitions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;91.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition, we incurred
other costs of $1.5&amp;nbsp;million and $5.5&amp;nbsp;million for the quarter and six
months ended June&amp;nbsp;30, 2009, respectively, related to leasehold
improvements, furniture, computer hardware and software costs, which are
recorded as part of "Impairment losses and other costs" on our Consolidated
Statements of Income (Loss). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;On April&amp;nbsp;1, 2009, we
executed an agreement with the buyer of our Houston-based gas trading operation
under which the buyer will provide us with the gas supply needed to support our
retail gas customer supply business through March&amp;nbsp;31, 2011. This agreement
was structured such that our requirements to post collateral are reduced. The
supplier has liens on the assets of the retail gas supply business as well as
our investment in the stock of these entities to secure our obligations under
the gas supply agreement. In connection with this agreement, we posted
approximately $160&amp;nbsp;million of collateral. This was subsequently reduced to
$100&amp;nbsp;million. The initial $160&amp;nbsp;million posted represents approximately
25&amp;nbsp;percent of the previous collateral requirements to support this
operation. We discuss the impact of the gas supply agreement on our retail gas
customer supply business in more detail on page&amp;nbsp;12.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock>
  <us-gaap:AvailableForSaleSecuritiesTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Investments Classified as
Available-for-Sale &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We classify the following investments
as available-for-sale: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;nuclear decommissioning trust
    funds, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;marketable equity securities,
    and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;trust assets securing certain
    executive benefits. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;This means we do not
expect to hold these investments to maturity, and we do not consider them
trading securities. We record these investments at fair value on our
Consolidated Balance Sheets. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We show the fair values,
gross unrealized gains and losses, and adjusted cost basis for all of our
available-for-sale securities in the following tables. We use specific
identification to determine cost in computing realized gains and losses.
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=62&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=24&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=24&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=1&gt;&lt;I&gt;At June&amp;nbsp;30,
      2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Adjusted&lt;BR&gt;Cost&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Unrealized&lt;BR&gt;Gains&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Unrealized&lt;BR&gt;Losses&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Fair&lt;BR&gt;Value&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Money market funds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;12.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;12.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Marketable equity securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;196.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;70.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;266.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Mutual fund / common collective
      trusts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;478.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;49.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;528.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Corporate debt&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;159.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;18.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;178.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;U.S. agencies&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;42.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;2.2&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;44.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;U.S. treasuries&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;19.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;0.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;20.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;State municipal bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;45.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;2.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;48.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Totals&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;953.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;144.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=1&gt;&lt;B&gt;1,097.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The unrealized gains in
the preceding table consist primarily of $143.2&amp;nbsp;million at June&amp;nbsp;30,
2009 associated with the nuclear decommissioning trust funds. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The investments in our
nuclear decommissioning trust funds are managed by third parties who have
independent discretion over the purchases and sales of securities. We recognize
impairments for any of these investments for which the fair value declines below
our book value. We recognized $1.9&amp;nbsp;million and $62.4&amp;nbsp;million in
pre-tax impairment losses on our nuclear decommissioning trust investments
during the quarter and six months ended June&amp;nbsp;30, 2009, respectively. These
impairments are included as part of gross realized losses in the following
table. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Gross and net realized
gains and losses on available-for-sale securities were as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=75&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=52&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30, 2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30, 2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Gross realized gains&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Gross realized losses&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(3.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(72.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net realized gains&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(56.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=7,FOLIO='17',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_18&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The corporate debt
securities, U.S. Government agency obligations, and state municipal bonds mature
on the following schedule: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=left
    colSpan=4&gt;&lt;FONT size=2&gt;&lt;I&gt;At June&amp;nbsp;30, 2009 &lt;/I&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Less than 1&amp;nbsp;year&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;11.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;1-5&amp;nbsp;years&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;90.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;5-10&amp;nbsp;years&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;93.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;More than 10&amp;nbsp;years&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;94.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total maturities of debt
    securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;291.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:AvailableForSaleSecuritiesTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Information by Operating Segment
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our reportable operating segments
are&amp;#151;Merchant Energy, Regulated Electric, and Regulated Gas: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our merchant energy business is
    nonregulated and includes: &lt;/FONT&gt;
    &lt;DL compact&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fossil, nuclear, and interests
      in hydroelectric generating facilities and qualifying facilities, and
      power projects in the United States, &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;full requirements load-serving
      sales of energy and capacity to utilities, cooperatives, and commercial,
      industrial, and governmental customers, &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;gas retail energy products and
      services to commercial, industrial, and governmental customers, &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;structured transactions and
      risk management services for various customers (including hedging of
      output from generating facilities and fuel costs), &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;upstream (exploration and
      production) natural gas operations, and &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;generation operations and
      maintenance. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our regulated electric business
    purchases, transmits, distributes, and sells electricity in Central
    Maryland. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our regulated gas business
    purchases, transports, and sells natural gas in Central Maryland.
    &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our remaining
nonregulated businesses: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;design, construct, and operate
    renewable energy, heating, cooling, and cogeneration facilities for
    commercial, industrial, and governmental customers throughout North America,
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;provide home improvements,
    service electric and gas appliances, service heating, air conditioning,
    plumbing, electrical, and indoor air quality systems, and provide natural
    gas marketing to residential customers in Central Maryland, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;develop and deploy new nuclear
    plants in North America. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Prior to June&amp;nbsp;30,
2009, our merchant energy business segment included additional activities that
have been divested as part of our strategy to improve our liquidity and reduce
our business risk. The divested activities include: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;our international commodities
    operation, which was divested in March 2009, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;our gas trading operation, which
    was divested on April&amp;nbsp;1, 2009, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;our ownership of a uranium
    market participant, which was divested on June&amp;nbsp;30, 2009, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;our investment in a shipping
    joint venture, which is expected to be divested in the third quarter of
    2009. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Additionally, we entered
into an Investment Agreement with EDF on December&amp;nbsp;17, 2008. See
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;15&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual
Report on Form&amp;nbsp;10-K for more detail on the Investment Agreement with EDF.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We believe that the
successful execution of these initiatives, as well as our other initiatives that
we have undertaken to reduce risk in our merchant energy business, have reduced
our exposure to activities that require contingent capital support and improved
our liquidity. In turn, the results for our merchant energy business segment
will be materially different from prior periods. We discuss these strategies and
their effect on liquidity in &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;8&lt;/I&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt; of our 2008 Annual Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our Merchant Energy,
Regulated Electric, and Regulated Gas reportable segments are strategic
businesses based principally upon regulations, products, and services that
require different technologies and marketing strategies. We evaluate the
performance of these segments based on net income. We account for intersegment
revenues using market prices. A summary of information by operating segment is
shown in the table below. &lt;!-- SEQ.=8,FOLIO='18',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_19&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=193&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=42&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=39&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" rowSpan=2&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8 rowSpan=2&gt;&lt;FONT size=2&gt;Reportable Segments
    &lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" rowSpan=2&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2 rowSpan=2&gt;&lt;FONT
      size=2&gt;Holding&lt;BR&gt;Company&lt;BR&gt;and
      Other&lt;BR&gt;Nonregulated&lt;BR&gt;Businesses&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Merchant&lt;BR&gt;Energy&lt;BR&gt;Business&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Regulated&lt;BR&gt;Electric&lt;BR&gt;Business&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Regulated&lt;BR&gt;Gas&lt;BR&gt;Business&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Eliminations&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Consolidated&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=19&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=17&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;For the quarter ended
      June&amp;nbsp;30,&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unaffiliated revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;3,045.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;655.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;111.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;51.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;3,864.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Intersegment revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;155.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(155.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=19&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;3,201.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;655.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;111.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;51.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(155.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;3,864.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;20.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;22.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(6.2&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(8.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;28.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss) attributable to common
      stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;19.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(6.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(8.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;8.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unaffiliated revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4,058.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;448.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;183.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;66.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4,756.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Intersegment revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;221.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(226.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=19&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4,280.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;448.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;188.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;66.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(226.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4,756.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;280.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(101.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss) attributable to common
      stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;279.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(104.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(3.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;171.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 10pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;For the six months ended
      June&amp;nbsp;30,&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unaffiliated revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;6,100.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;1,462.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;495.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;108.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;8,167.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Intersegment revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;379.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;3.2&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(383.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=19&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;6,480.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;1,462.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;498.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;108.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(383.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;8,167.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net (loss) income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(181.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;67.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;33.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(10.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(91.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net (loss) income attributable to common
      stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(199.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;62.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;31.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(10.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(115.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unaffiliated revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7,711.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,158.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;574.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;125.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9,568.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Intersegment revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;516.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(526.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=19&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;8,227.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,158.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;584.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;125.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(526.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9,568.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;352.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(65.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;324.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income (loss) attributable to common
      stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;351.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(70.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;36.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;317.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Certain prior-period amounts have
been reclassified to conform with the current period's
presentation.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Our merchant energy business
operating results for the quarter and six months ended June&amp;nbsp;30, 2009
include the following after-tax charges:&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;impairment losses and other
    costs of $62.2&amp;nbsp;million and $73.4&amp;nbsp;million, respectively,&lt;/I&gt;&lt;/FONT&gt;

    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;merger termination and
    strategic alternatives costs of $4.0&amp;nbsp;million and $46.3&amp;nbsp;million,
    respectively,&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;net loss on sale of a
    majority of our international commodities operation, our Houston-based gas
    trading operation, certain other trading operations, and a uranium market
    participant, the reclassification of losses on previously designated
    cash-flow hedges from Accumulated Other Comprehensive Loss, and earnings
    that are no longer part of our core business totaling $123.8&amp;nbsp;million
    and $308.0&amp;nbsp;million, respectively,&lt;/I&gt;&lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;impairment charge related to
    our nuclear decommissioning trust fund assets of $6.1&amp;nbsp;million and
    $29.8&amp;nbsp;million, respectively,&lt;/I&gt;&lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;workforce reduction costs of
    $1.1&amp;nbsp;million and $5.3&amp;nbsp;million, respectively, and&lt;/I&gt;&lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;amortization of credit
    facility amendment fees in connection with the EDF transaction of
    $5.2&amp;nbsp;million and $8.9&amp;nbsp;million, respectively.&lt;/I&gt;&lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Our Holding Company and Other
Nonregulated businesses operating results for the quarter and six months ended
June&amp;nbsp;30, 2009 reflect impairment losses and other costs of
$3.2&amp;nbsp;million after-tax.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Total assets decreased
approximately $2.3&amp;nbsp;billion during the six months ended June&amp;nbsp;30, 2009.
The decrease primarily relates to:&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;our Holding Company and Other
    Nonregulated Businesses and is primarily related to the approximately
    $1&amp;nbsp;billion decline in restricted cash as a result of the repayment of
    the 14% Senior Notes to MidAmerican in January 2009, and&lt;/I&gt;&lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;our Merchant Energy Business
    and is primarily related to the decrease in derivative assets, net of fair
    value collateral, of $533.2&amp;nbsp;million and a decrease in other net
    collateral and margin posted of $728.6&amp;nbsp;million, primarily associated
    with the divestitures and the activities to reduce risk in our Global
    Commodities portfolio.&lt;/I&gt;&lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Our allowance for uncollectible
accounts receivable increased $19.6&amp;nbsp;million from December&amp;nbsp;31, 2008 to
June&amp;nbsp;30, 2009. This increase is primarily attributable to our regulated
electric and gas businesses. In the second quarter of 2009, the Maryland PSC
issued a ruling which delayed BGE's ability to terminate service to customers
with arrearages and offered those customers the option to enter into extended
payment plans.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=9,FOLIO='19',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:ScheduleOfDefinedBenefitPlansDisclosuresTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
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&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Pension and Postretirement
Benefits &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We show the components of net
periodic pension benefit cost in the following table: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=72&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Components of net periodic pension benefit
      cost&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Service cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;14.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;29.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;27.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;31.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;22.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;58.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Expected return on plan assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(38.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(25.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(68.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(55.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Recognized net actuarial loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;11.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;21.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of prior service
cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amount capitalized as construction
      cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(2.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(5.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(4.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net periodic pension benefit
      cost&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;17.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;17.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;41.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;35.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 BGE's portion of our net
periodic pension benefit cost, excluding amounts capitalized, was
$4.9&amp;nbsp;million for the quarter ended June&amp;nbsp;30, 2009 and $4.2&amp;nbsp;million
for the quarter ended June&amp;nbsp;30, 2008. BGE's portion of our net periodic
pension benefit cost, excluding amounts capitalized, was $9.9&amp;nbsp;million for
the six months ended June&amp;nbsp;30, 2009 and $8.7&amp;nbsp;million for the six months
ended June&amp;nbsp;30, 2008. Net periodic pension benefit costs exclude settlement
charges of $7.7&amp;nbsp;million in the quarter and six months ended June&amp;nbsp;30,
2009.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We show the components of
net periodic postretirement benefit cost in the following table: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=72&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Components of net periodic postretirement
      benefit cost&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Service cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;3.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;12.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;13.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of transition
    obligation&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Recognized net actuarial loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of prior service
cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(1.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(1.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amount capitalized as construction
      cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(1.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(3.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(4.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net periodic postretirement benefit
      cost&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;12.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;13.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 BGE's portion of our net
periodic postretirement benefit cost, excluding amounts capitalized, was
$3.5&amp;nbsp;million for the quarter ended June&amp;nbsp;30, 2009 and $4.0&amp;nbsp;million
for the quarter ended June&amp;nbsp;30, 2008. BGE's portion of our net periodic
postretirement benefit costs, excluding amounts capitalized, was
$6.7&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and
$7.7&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2008.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our non-qualified pension
plans and our postretirement benefit programs are not funded; however, we have
trust assets securing certain executive pension benefits. We estimate that we
will incur approximately $22&amp;nbsp;million in pension benefit payments for our
non-qualified pension plans and approximately $30&amp;nbsp;million for retiree
health and life insurance benefit payments during 2009. As of June&amp;nbsp;30,
2009, we contributed $297&amp;nbsp;million to our qualified pension plans. We
contributed an additional $20&amp;nbsp;million in July 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=10,FOLIO='20',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfDefinedBenefitPlansDisclosuresTextBlock>
  <us-gaap:DebtDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Financing Activities
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Credit Facilities and Short-term
Borrowings &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our short-term borrowings may include
bank loans, commercial paper, and bank lines of credit. Short-term borrowings
mature within one year from the date of issuance. We pay commitment fees to
banks for providing us lines of credit. When we borrow under the lines of
credit, we pay market interest rates. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Constellation Energy&lt;/U&gt;
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy had bank and
other lines of credit under committed unsecured credit facilities totaling
$5.6&amp;nbsp;billion at June&amp;nbsp;30, 2009 for short-term financial needs. We enter
into these facilities to ensure adequate liquidity to support our operations.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our liquidity
requirements are funded with credit facilities and cash. We fund our short-term
working capital needs with existing cash and with our credit facilities, which
support direct cash borrowings and the issuance of commercial paper, if
available. We also use our credit facilities to support the issuance of letters
of credit, primarily for our merchant energy business. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;These facilities can
issue letters of credit, commercial paper, if available, and/or cash borrowings
up to approximately $5.6&amp;nbsp;billion as shown below. As of June&amp;nbsp;30, 2009,
we had approximately $2.8&amp;nbsp;billion in letters of credit issued against those
facilities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We have also included in
the table below the pro forma effect on our credit facilities, which are reduced
or terminated upon the closing of the transactions contemplated by the
Investment Agreement with EDF, which is expected to occur in the fourth quarter
of 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=101&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=67&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;Facility
      Expiration&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Facility&lt;BR&gt;Size&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Facility Size&lt;BR&gt;Upon Completion&lt;BR&gt;of the
      EDF&lt;BR&gt;Transaction&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      billions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;July 2012&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.85&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.32&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;November 2009&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.23&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;September 2013&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.35&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;December 2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.15&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.58&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.32&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Size of facility may be reduced
by proceeds received from certain securities offerings or asset sales.
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;BGE&lt;/U&gt; &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE has a $400.0&amp;nbsp;million
five-year revolving credit facility expiring in 2011. BGE can borrow directly
from the banks, use the facility to allow commercial paper to be issued, if
available, or issue letters of credit. As of June&amp;nbsp;30, 2009, BGE had
$0.5&amp;nbsp;million in letters of credit issued under this facility. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition, at
June&amp;nbsp;30, 2009, BGE had $339.9&amp;nbsp;million in commercial paper outstanding.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Net Available Liquidity
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table provides a
summary of our net available liquidity at June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=84&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=48&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=47&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009 &lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Constellation&lt;BR&gt;Energy&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;BGE&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Total&lt;BR&gt;Consolidated&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=10&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=8&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      billions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Credit facilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Less: Letters of credit issued&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Less: Cash drawn on credit
    facilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Undrawn facilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Less: Commercial paper
outstanding&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net available facilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Add: Cash&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Add: EDF put arrangement&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net available liquidity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Other Sources of Liquidity
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2008, we executed an
Investment Agreement with EDF that includes an asset put arrangement that
provides us with an option at any time through December&amp;nbsp;31, 2010 (or the
termination of the Investment Agreement by EDF if we breach that agreement) to
sell certain non-nuclear generation assets, at pre-agreed prices, to EDF for
aggregate proceeds of no more than $2&amp;nbsp;billion pre-tax, or approximately
$1.4&amp;nbsp;billion after-tax. The amount of after-tax proceeds will be impacted
by the assets actually sold and the related tax impacts at that time. Exercise
of the put arrangement is conditioned upon the receipt of regulatory approvals
and third-party consents, the absence of any material liens on such assets, and
the absence of a material adverse effect, as defined in the Investment
Agreement. During April 2009, we received regulatory approvals and consents for
the majority of the assets covered by the put arrangement. As of June&amp;nbsp;30,
2009, we have approximately $1.1&amp;nbsp;billion after-tax of liquidity available
through the put arrangement. We expect to receive regulatory approval for an
additional asset in the first quarter of 2010, which will increase the net
after-tax &lt;!-- SEQ.=11,FOLIO='21',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_22&gt;&lt;/A&gt;liquidity from the put arrangement to approximately
$1.4&amp;nbsp;billion. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We are actively seeking
to increase available liquidity and to reduce our business risk. Specifically,
we are reducing capital spending and ongoing expenses, scaling down the expected
variability in long-term earnings and short-term collateral usage, and limiting
our exposure to business activities that require contingent capital support.
During 2009, we made progress on several other initiatives as discussed in more
detail in the &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Divestitures&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;
section beginning on page&amp;nbsp;15 and the &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Variable
Interest Entities&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; section on page&amp;nbsp;12. As of
June&amp;nbsp;30, 2009 we have realized substantially all of the $1&amp;nbsp;billion of
the net reduction in collateral that was expected from the divestiture of these
operations. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We believe that the
actions that we have taken and our current net available liquidity will be
sufficient to support the ongoing liquidity requirements over the next
12&amp;nbsp;months. Our liquidity projections include assumptions for commodity
price changes, which are subject to significant volatility, and we are exposed
to certain operational risks that could have a significant impact on our
liquidity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Credit Facility Compliance and
Covenants &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The credit facilities of
Constellation Energy and BGE have limited material adverse change clauses, none
of which would prohibit draws under the existing facilities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Certain credit facilities
of Constellation Energy contain a provision requiring Constellation Energy to
maintain a ratio of debt to capitalization equal to or less than 65%. At
June&amp;nbsp;30, 2009, the debt to capitalization ratio as defined in the credit
agreements was 51%. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Under our
$3.85&amp;nbsp;billion and $1.23&amp;nbsp;billion credit facilities, we will be required
to grant a lien on certain of our generating facilities and pledge our ownership
interests in our nuclear business to the lenders upon the earlier of
(i)&amp;nbsp;the closing of the Investment Agreement with EDF or (ii)&amp;nbsp;the date
on which both the Investment Agreement is terminated and our Standard&amp;nbsp;&amp;amp;
Poors (S&amp;amp;P) or Fitch senior unsecured debt credit rating is below BBB- or
our Moody's senior unsecured debt credit rating is below Baa3. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our $1.23&amp;nbsp;billion
credit facility requires us to maintain consolidated earnings before interest,
taxes, depreciation, and amortization to consolidated interest expense ratio of
at least 2.75 when our S&amp;amp;P senior unsecured debt rating is BBB- or lower and
our Moody's senior unsecured debt rating is Baa3 or lower. Compliance with the
covenant is not required as of July&amp;nbsp;31, 2009 as S&amp;amp;P's senior unsecured
debt rating is above BBB-. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The credit agreement of
BGE contains a provision requiring BGE to maintain a ratio of debt to
capitalization equal to or less than 65%. At June&amp;nbsp;30, 2009, the debt to
capitalization ratio for BGE as defined in this credit agreement was 52%.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Income Taxes &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We compute the income tax (benefit)
expense for each quarter based on the estimated annual effective tax rate for
the year. The effective tax rate was 78.3% and 60.4% for the quarter and six
months ended June&amp;nbsp;30, 2009, respectively, compared to 38.0% and 36.1% for
the same periods of 2008. The higher effective tax rate for the quarter and six
months ended June&amp;nbsp;30, 2009 reflects the impact of unfavorable nondeductible
adjustments (primarily related to nondeductible dividends on the Series&amp;nbsp;B
Preferred Stock and the write-off of the unamortized debt discount on the Senior
Notes) in relation to the lower estimated 2009 taxable income (primarily
attributable to losses on the divestiture of a majority of our international
commodities and our Houston-based gas trading operations). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The BGE effective tax
rate was 39.8% and 39.6% for the quarter and six months ended June&amp;nbsp;30,
2009, respectively, compared to 33.1% and 36.7% for the same periods of 2008.
This reflects the impact of the lower 2008 taxable income related to the
Maryland settlement agreement, which increased the relative impact of favorable
permanent tax adjustments on BGE's 2008 effective tax rate. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Unrecognized Tax Benefits
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
change in unrecognized tax benefits during 2009 and our total unrecognized tax
benefits at June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=167&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=left
    colSpan=4&gt;&lt;FONT size=2&gt;&lt;I&gt;At June&amp;nbsp;30, 2009 &lt;/I&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total unrecognized tax benefits,
      January&amp;nbsp;1, 2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;189.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Increases in tax positions related to the
      current year&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Reductions in tax positions related to prior
      years&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(7.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Reductions in tax positions as a result of a
      lapse of the applicable statute of limitations&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(0.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total unrecognized tax benefits, June&amp;nbsp;30,
      2009&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;184.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 BGE's portion of our total
unrecognized tax benefits at June&amp;nbsp;30, 2009 was
$3.9&amp;nbsp;million.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Increases in current year
and reductions in prior year tax positions are primarily due to unrecognized tax
benefits for repair and depreciation deductions measured at amounts &lt;!-- SEQ.=12,FOLIO='22',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_23&gt;&lt;/A&gt;consistent with prior IRS examination results and
state income tax accruals. Statutes of limitations lapsed for 2003 and 2004 tax
positions related to Maryland taxes on the gas plant sale that occurred in 2006.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;If the total amount of
unrecognized tax benefits of $184.1&amp;nbsp;million were ultimately realized, our
income tax expense would decrease by approximately $158&amp;nbsp;million. However,
the $158&amp;nbsp;million includes state tax refund claims of approximately
$48&amp;nbsp;million that have been disallowed by tax authorities and we believe
that there is a remote likelihood of ultimately realizing any benefit from these
refund claim amounts. These state refund claims may be resolved by
December&amp;nbsp;31, 2009. For this reason, we believe it is reasonably possible
that reductions to our total unrecognized tax benefits in the range of $40 to
$50&amp;nbsp;million may occur by June&amp;nbsp;30, 2010, although these reductions are
not expected to materially impact income tax expense. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Interest and penalties
recorded in our Consolidated Statements of Income (Loss) as tax expense relating
to liabilities for unrecognized tax benefits were as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=60&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest and penalties recorded as tax
      expense&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Accrued interest and
penalties recognized in our Consolidated Balance Sheets were $11.0&amp;nbsp;million,
of which BGE's portion was $0.8&amp;nbsp;million at June&amp;nbsp;30, 2009, and
$10.3&amp;nbsp;million, of which BGE's portion was $0.7&amp;nbsp;million at
December&amp;nbsp;31, 2008. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:ScheduleOfGuaranteeObligationsTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Guarantees &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our guarantees do not represent
incremental Constellation Energy obligations; rather they primarily represent
parental guarantees of subsidiary obligations. The following table summarizes
the maximum exposure by guarantor based on the stated limit of our outstanding
guarantees: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=157&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=51&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;&lt;I&gt;At June&amp;nbsp;30,
      2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Stated
      Limit&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      billions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Constellation Energy guarantees&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;13.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Merchant energy business
    guarantees&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;BGE guarantees&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total guarantees&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;14.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;At June&amp;nbsp;30, 2009,
Constellation Energy had a total of $14.1&amp;nbsp;billion in guarantees outstanding
related to loans, credit facilities, and contractual performance of certain of
its subsidiaries as described below. &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy guaranteed
    a face amount of $13.7&amp;nbsp;billion as follows: &lt;/FONT&gt;
    &lt;DL compact&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy
      guaranteed a face amount of $12.7&amp;nbsp;billion on behalf of our merchant
      energy subsidiaries to allow those subsidiaries the flexibility needed to
      conduct business with counterparties without having to post other forms of
      collateral. Our estimated net exposure for obligations under commercial
      transactions covered by these guarantees was approximately
      $2.5&amp;nbsp;billion at June&amp;nbsp;30, 2009, which represents the total amount
      the parent company could be required to fund based on June&amp;nbsp;30, 2009
      market prices. For those guarantees related to our derivative liabilities,
      the fair value of the obligation is recorded in our Consolidated Balance
      Sheets. &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy
      guaranteed $0.9&amp;nbsp;billion primarily on behalf of our nuclear generating
      facilities for nuclear insurance and credit support to ensure these plants
      have funds to meet &lt;/FONT&gt;&lt;FONT size=2&gt;expenses and obligations to safely
      operate and maintain the plants. &lt;/FONT&gt;
      &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;

      &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy
      guaranteed $0.1&amp;nbsp;billion to its other nonregulated businesses.
      &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our merchant energy business
    guaranteed $72.0&amp;nbsp;million for loans, performance guarantees and other
    payment obligations primarily related to certain power projects in which we
    have an investment. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE guaranteed the Trust
    Preferred Securities of $250.0&amp;nbsp;million of BGE Capital Trust II.
    &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfGuaranteeObligationsTextBlock>
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&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Commitments and Contingencies
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We have made substantial commitments
in connection with our merchant energy, regulated electric and gas, and other
nonregulated businesses. These commitments relate to: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;purchase of electric generating
    capacity and energy, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;procurement and delivery of
    fuels, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the capacity and transmission
    and transportation rights for the physical delivery of energy to meet our
    obligations to our customers, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;long-term service agreements,
    capital for construction programs, and other. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our merchant energy
business enters into various long-term contracts for the procurement and
delivery of fuels to supply our generating plant requirements. In most cases,
our contracts contain provisions for price escalations, minimum purchase levels,
and other financial commitments. These contracts expire in various years between
2009 and 2028. In addition, our merchant energy business enters into long-term
contracts for the capacity and transmission rights for the delivery of energy to
meet our physical obligations to our customers. These contracts expire in
various years between 2009 and 2030. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our merchant energy
business also has committed to long-term service agreements and other purchase
commitments for our plants. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our regulated electric
business enters into various long-term contracts for the procurement of
electricity. As of June&amp;nbsp;30, 2009, these contracts expire during 2009, 2010,
and 2011 and represent BGE's estimated requirements for residential customers as
follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=162&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=45&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;&lt;I&gt;Contract
      Duration&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;I&gt;Percentage of&lt;BR&gt;Estimated&lt;BR&gt;Requirements&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;From June&amp;nbsp;30, 2009 to May
    2010&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;100&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;%&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;From June 2010 to September 2010&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;75&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;From October 2010 to May 2011&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;From June 2011 to September 2011&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The cost of power under
these contracts is recoverable under the Provider of Last Resort agreement
reached with the Maryland PSC. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our regulated gas
business enters into various long-term contracts for the procurement,
transportation, and storage of gas. Our regulated gas business has gas
procurement contracts that expire between 2009 and 2011, and transportation and
storage contracts that expire between 2012 and 2027. The cost of gas under these
contracts is recoverable under BGE's gas cost adjustment clause discussed in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual
Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our other nonregulated
businesses have committed to gas purchases, as well as to contribute additional
capital for construction programs and joint ventures in which they have an
interest. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We have also committed to
long-term service agreements and other obligations related to our information
technology systems. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;At June&amp;nbsp;30, 2009,
the total amount of commitments was $4,973.4&amp;nbsp;million. These commitments are
primarily related to our merchant energy business. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_long-term_power_sales_contracts&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_2&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Long-Term Power Sales
Contracts &lt;BR&gt;&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We enter into long-term power sales
contracts in connection with our load-serving activities. We also enter into
long-term power sales contracts associated with certain of our power plants. Our
load-serving power sales contracts extend for terms through 2019 and provide for
the sale of energy to electricity distribution utilities and certain retail
customers. Our power sales contracts associated with power plants we own extend
for terms into 2015 and provide for the sale of all or a portion of the actual
output of certain of our power plants. Substantially all long-term contracts
were executed at pricing that approximated market rates, including profit
margin, at the time of execution. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_contingencies&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_3&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Contingencies
&lt;BR&gt;&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Litigation &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In the normal course of business, we
are involved in various legal proceedings. We discuss the significant matters
below. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Merger with MidAmerican&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Beginning September&amp;nbsp;18, 2008,
seven shareholders of Constellation Energy filed lawsuits in the Circuit Court
for Baltimore City, Maryland challenging the then-pending merger with
MidAmerican. Four similar suits were filed by other shareholders of
Constellation Energy in the United States District Court for the District of
Maryland. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The lawsuits claim that
the merger consideration was inadequate and did not maximize value for
shareholders, that the sales process leading up to the merger was &lt;!-- SEQ.=14,FOLIO='24',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_25&gt;&lt;/A&gt;unreasonably short and procedurally flawed, and that
unreasonable deal protection devices were agreed to in order to ward off
competing bids and coerce shareholders into accepting the merger. The federal
lawsuits also assert that the conversion of the Preferred Stock issued to
MidAmerican into debt is not permitted under Maryland law. The lawsuits seek
declaratory judgments establishing the unenforceability of the merger based on
the alleged breaches of duty, injunctive relief to enjoin the merger, rescission
of the merger or rescissory damages, the imposition of a constructive trust in
favor of shareholders of any benefits received by the individual members of the
Board of Directors of Constellation Energy, and reasonable costs and expenses,
including attorney's fees. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The termination of the
MidAmerican merger renders moot the claims attempting to enjoin the merger with
MidAmerican. One of the federal merger cases was voluntarily dismissed on
December&amp;nbsp;31, 2008. The other federal merger cases filed in the United
States District Court for the District of Maryland were dismissed as moot on
May&amp;nbsp;27, 2009. We believe there are meritorious defenses to the remaining
claims or requests for relief. However, we are unable at this time to determine
the ultimate outcome of these lawsuits or their possible effect on our financial
results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Securities Class Action&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Three federal securities class action
lawsuits have been filed in the United States District Courts for the Southern
District of New York and the District of Maryland between September 2008 and
November 2008. The cases were filed on behalf of a proposed class of persons who
acquired publicly traded securities, including the Series&amp;nbsp;A Junior
Subordinated Debentures (Debentures), of Constellation Energy between
January&amp;nbsp;30, 2008 and September&amp;nbsp;16, 2008, and who acquired Debentures
in an offering completed in June 2008. The securities class actions generally
allege that Constellation Energy, a number of its present or former officers or
directors, and the underwriters violated the securities laws by issuing a false
and misleading registration statement and prospectus in connection with
Constellation Energy's June&amp;nbsp;27, 2008 offering of Debentures. The securities
class actions also allege that Constellation Energy issued false or misleading
statements or was aware of material undisclosed information which contradicted
public statements including in connection with its announcements of financial
results for 2007, the fourth quarter of 2007, the first quarter of 2008 and the
second quarter of 2008 and the filing of its first quarter 2008 Form&amp;nbsp;10-Q.
The securities class actions seek, among other things, certification of the
cases as class actions, compensatory damages, reasonable costs and expenses,
including counsel fees, and rescission damages. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Southern District of
New York granted the defendants' motion to transfer the two securities class
actions filed there to the District of Maryland, and the actions have since been
transferred for coordination with the securities class action filed there. On
June&amp;nbsp;18, 2009, the court appointed a lead plaintiff, who we expect to file
a consolidated amended complaint. We are unable at this time to determine the
ultimate outcome of the securities class actions or their possible effect on
our, or BGE's financial results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;ERISA Actions&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In the fall of 2008, multiple class
action lawsuits were filed in the United States District Courts for the District
of Maryland and the Southern District of New York against Constellation Energy;
Mayo A. Shattuck III, Constellation Energy's Chairman of the Board, President
and Chief Executive Officer; and others in their roles as fiduciaries of the
Constellation Energy Employee Savings Plan. The actions, which have been
consolidated into one action in Maryland (the Consolidated Action), allege that
the defendants, in violation of various sections of ERISA, breached their
fiduciary duties to prudently and loyally manage Constellation Energy Savings
Plan's assets by designating Constellation Energy common stock as an investment,
by failing to properly provide accurate information about the investment, by
failing to avoid conflicts of interest, by failing to properly monitor the
investment and by failing to properly monitor other fiduciaries. The plaintiffs
seek to compel the defendants to reimburse the plaintiffs and the Constellation
Energy Savings Plan for all losses resulting from the defendants' breaches of
fiduciary duty, to impose a constructive trust on any unjust enrichment, to
award actual damages with pre- and post-judgment interest, to award appropriate
equitable relief including injunction and restitution and to award costs and
expenses, including attorneys' fees. We are unable at this time to determine the
ultimate outcome of the Consolidated Action or its possible effects on our, or
BGE's, financial results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Mercury&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Since September 2002, BGE,
Constellation Energy, and several other defendants have been involved in
numerous actions filed in the Circuit Court for Baltimore City, Maryland
alleging mercury poisoning from several sources, including coal plants formerly
owned by BGE. The plants are now owned by a subsidiary of Constellation Energy.
In addition to BGE and Constellation Energy, approximately 11 other defendants,
consisting of pharmaceutical &lt;!-- SEQ.=15,FOLIO='25',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_26&gt;&lt;/A&gt;companies, manufacturers of vaccines, and
manufacturers of Thimerosal have been sued. Approximately 70 cases, involving
claims related to approximately 132 children, have been filed to date, with each
claimant seeking $20&amp;nbsp;million in compensatory damages, plus punitive
damages, from us. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In rulings applicable to
all but three of the cases, involving claims related to approximately 47
children, the Circuit Court for Baltimore City dismissed with prejudice all
claims against BGE and Constellation Energy. Plaintiffs may attempt to pursue
appeals of the rulings in favor of BGE and Constellation Energy once the cases
are finally concluded as to all defendants. We believe that we have meritorious
defenses and intend to defend the remaining actions vigorously. However, we
cannot predict the timing, or outcome, of these cases, or their possible effect
on our, or BGE's, financial results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Asbestos&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Since 1993, BGE and certain
Constellation Energy subsidiaries have been involved in several actions
concerning asbestos. The actions are based upon the theory of "premises
liability," alleging that BGE and Constellation Energy knew of and exposed
individuals to an asbestos hazard. In addition to BGE and Constellation Energy,
numerous other parties are defendants in these cases. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Approximately 512
individuals who were never employees of BGE or Constellation Energy have pending
claims each seeking several million dollars in compensatory and punitive
damages. Cross-claims and third-party claims brought by other defendants may
also be filed against BGE and Constellation Energy in these actions. To date,
most asbestos claims which have been resolved have been dismissed or resolved
without any payment and a small minority have been resolved for amounts that
were not material to our financial results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;BGE and Constellation
Energy do not know the specific facts necessary to estimate their potential
liability for these claims. The specific facts we do not know include:
&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the identity of the facilities
    at which the plaintiffs allegedly worked as contractors, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the names of the plaintiffs'
    employers, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the dates on which and the
    places where the exposure allegedly occurred, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the facts and circumstances
    relating to the alleged exposure. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Until the relevant facts
are determined, we are unable to estimate what our, or BGE's, liability might
be. Although insurance and hold harmless agreements from contractors who
employed the plaintiffs may cover a portion of any awards in the actions, the
potential effect on our, or BGE's, financial results could be material.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:EnvironmentalLossContingencyDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Environmental Matters
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Solid and Hazardous Waste&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In 1999, the EPA proposed to add the
68th&amp;nbsp;Street Dump in Baltimore, Maryland to the Superfund National
Priorities List, which is its list of sites targeted for clean-up and
enforcement, and sent a general notice letter to BGE and 19 other parties
identifying them as potentially liable parties at the site. In March 2004, we
and other potentially responsible parties formed the 68th&amp;nbsp;Street Coalition
and entered into consent order negotiations with the EPA to investigate clean-up
options for the site under the Superfund Alternative Sites Program. In May 2006,
a settlement among the EPA and 19 of the potentially responsible parties,
including BGE, with respect to investigation of the site became effective. The
settlement requires the potentially responsible parties, over the course of
several years, to identify contamination at the site and recommend clean-up
options. BGE is fully indemnified by a wholly owned subsidiary of Constellation
Energy for costs related to this settlement, as well as any clean-up costs. The
clean-up costs will not be known until the investigation is closer to
completion. However, those costs could have a material effect on our financial
results. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Air Quality&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In May 2007, a subsidiary of
Constellation Energy entered into a consent decree with the Maryland Department
of the Environment to resolve alleged violations of air quality opacity
standards at three fossil fuel plants in Maryland. The consent decree requires
the subsidiary to pay a $100,000 penalty, provide $100,000 to a supplemental
environmental project, and install technology to control emissions from those
plants. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In January 2009, the EPA
issued a notice of violation (NOV) to a subsidiary of Constellation Energy, as
well as the other owners and the operator of the Keystone coal-fired power plant
in Shelocta, Pennsylvania. We hold an approximately 21% interest in the Keystone
plant. The NOV alleges that the plant performed various capital projects
beginning in 1984 without complying with the new source review permitting
requirements of the Clean Air Act. The EPA also contends that the alleged
failure to comply with those requirements are continuing violations under the
plant's air permits. The EPA could seek civil penalties under the Clean Air Act
for the alleged violations. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The owners and operator
of the Keystone plant are investigating the allegations and have entered into
discussions with the EPA. We believe there are meritorious defenses to the
allegations contained in the NOV. However, we cannot predict the outcome of this
proceeding and it is not possible to determine our actual liability, if any, at
this time. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=16,FOLIO='26',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_27&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Water Quality&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In October 2007, a subsidiary of
Constellation Energy entered into a consent decree with the Maryland Department
of the Environment relating to groundwater contamination at a third party
facility that was licensed to accept fly ash, a byproduct generated by our
coal-fired plants. The consent decree requires the payment of a
$1.0&amp;nbsp;million penalty, remediation of groundwater contamination resulting
from the ash placement operations at the site, replacement of drinking water
supplies in the vicinity of the site, and monitoring of groundwater conditions.
We recorded a liability in our Consolidated Balance Sheets of approximately
$7.9&amp;nbsp;million, which includes the $1&amp;nbsp;million penalty and our estimate
of probable costs to remediate contamination, replace drinking water supplies,
monitor groundwater conditions, and otherwise comply with the consent decree. We
have paid approximately $4.1&amp;nbsp;million of these costs as of June&amp;nbsp;30,
2009, resulting in a remaining liability at June&amp;nbsp;30, 2009 of
$3.8&amp;nbsp;million. We estimate that it is reasonably possible that we could
incur additional costs of up to approximately $10&amp;nbsp;million more than the
liability that we accrued. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Insurance &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We discuss our nuclear and
non-nuclear insurance programs in &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Note&amp;nbsp;12&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:EnvironmentalLossContingencyDisclosureTextBlock>
  <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Derivative Instruments
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Nature of Our Business and
Associated Risks &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our business activities primarily
include our merchant energy business and our regulated electric and gas
business. Our merchant energy business includes: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the generation of electricity
    from our owned and contractually-controlled physical assets, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the sale of power, gas, and
    other energy commodities to wholesale and retail customers, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;risk management services and
    energy trading activities. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our regulated electric
and gas businesses engage in electricity and gas transmission and distribution
activities in Central Maryland at prices set by the Maryland PSC that are
generally designed to recover our costs, including purchased fuel and energy.
Substantially all of our risk management activities involving derivatives occur
outside our regulated businesses. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In carrying out our
merchant energy business activities, we purchase and sell power, fuel, and other
energy-related commodities in competitive markets. These activities expose us to
significant risks, including market risk from price volatility for energy
commodities and the credit risks of counterparties with which we enter into
contracts. The sources of these risks include, but are not limited to, the
following: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the risks of unfavorable changes
    in power prices in the wholesale forward and spot markets in which we sell a
    portion of the power from our power generation facilities and purchase power
    to meet our load-serving requirements, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the risk of unfavorable fuel
    price changes for the purchase of a portion of the fuel for our generation
    facilities under short-term contracts or on the spot market. Fuel prices can
    be volatile, and the price that can be obtained for power produced from such
    fuel may not change at the same rate or direction as fuel costs. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the risk that one or more
    counterparties may fail to perform under their obligations to make payments
    or deliver fuel or power, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;interest rate risk associated
    with variable-rate debt and the fair value of fixed-rate debt used to
    finance our operations; and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;foreign currency exchange rate
    risk associated with international investments and purchases of equipment
    and commodities in currencies other than U.S. dollars. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Objectives and Strategies for
Using Derivatives &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Risk Management Activities&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;To lower our exposure to the risk of
unfavorable fluctuations in commodity prices, interest rates, and foreign
currency rates, we routinely enter into derivative contracts, such as
fixed-price forward physical purchase and sales contracts, futures, financial
swaps, and option contracts traded in the over-the-counter markets or on
exchanges, for hedging purposes. The objectives for entering into such hedging
transactions primarily include: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fixing the price for a portion
    of anticipated future electricity sales from our generation operations,
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fixing the price of a portion of
    anticipated fuel purchases for the operation of our power plants, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fixing the price for a portion
    of anticipated energy purchases to supply our load-serving customers, and
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;managing our exposure to
    interest rate risk and foreign currency exchange risks. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Non-Risk Management Activities&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In addition to the use of derivatives
for risk management purposes, we also enter into derivative contracts for
trading purposes primarily to achieve the following objectives: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;optimizing the margin on surplus
    electricity generation and load positions and surplus fuel supply and demand
    positions, &lt;/FONT&gt;&lt;!-- SEQ.=17,FOLIO='27',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;obtaining knowledge of prices
    and developing expertise in less-liquid markets, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;deploying risk capital in an
    effort to generate returns. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_accounting_for_derivative_instruments&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_4&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Accounting for Derivative
Instruments &lt;BR&gt;&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The accounting requirements for
derivatives requires recognition of all qualifying derivative instruments on the
balance sheet at fair value as either assets or liabilities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Accounting Designation
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We must evaluate new and existing
transactions and agreements to determine whether they are derivatives, for which
there are several possible accounting treatments. Mark-to-market is required as
the default accounting treatment for all derivatives unless they qualify, and we
specifically designate them, for one of the other accounting treatments.
Derivatives designated for any of the elective accounting treatments must meet
specific, restrictive criteria, both at the time of designation and on an
ongoing basis. The permissible accounting treatments include: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;normal purchase normal sale
    (NPNS), &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;cash flow hedge, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fair value hedge, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;mark-to-market.
&lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We discuss our accounting
policies for derivatives and hedging activities and their impacts on our
financial statements in &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt; to our 2008 Annual Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;NPNS &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We elect NPNS accounting for
derivative contracts that provide for the purchase or sale of a physical
commodity that will be delivered in quantities expected to be used or sold over
a reasonable period in the normal course of business. Once we elect NPNS
classification for a given contract, we cannot subsequently change the election
and treat the contract as a derivative using mark-to-market or hedge accounting.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Cash Flow Hedging &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We generally elect cash flow hedge
accounting for most of the derivatives that we use to hedge market price risk
for our physical energy delivery activities because hedge accounting more
closely aligns the timing of earnings recognition and cash flows for the
underlying business activities. Management monitors the potential impacts of
commodity price changes and, where appropriate, may enter into or close out (via
offsetting transactions) derivative transactions designated as cash flow hedges.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Commodity Cash Flow Hedges&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Our merchant energy business has
designated fixed-price forward contracts as cash-flow hedges of forecasted sales
of energy and forecasted purchases of fuel and energy for the years 2009 through
2016. Our merchant energy business had net unrealized pre-tax losses on these
cash-flow hedges recorded in "Accumulated other comprehensive loss" of
$1,845.3&amp;nbsp;million at June&amp;nbsp;30, 2009 and $2,614.9&amp;nbsp;million at
December&amp;nbsp;31, 2008. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We expect to reclassify
$1,326.2&amp;nbsp;million of net pre-tax losses on cash-flow hedges from
"Accumulated other comprehensive loss" into earnings during the next twelve
months based on market prices at June&amp;nbsp;30, 2009. However, the actual amount
reclassified into earnings could vary from the amounts recorded at June&amp;nbsp;30,
2009, due to future changes in market prices. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;When we determine that a
forecasted transaction originally hedged has become probable of not occurring,
we reclassify net unrealized gains or losses associated with those hedges from
"Accumulated other comprehensive loss" to earnings. We recognized in earnings
the following pre-tax amounts on such contracts: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=71&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=27&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Pre-tax (losses) gains&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(74.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(241.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The pre-tax loss
reclassified in 2009 resulted from the sale of a majority of our international
commodities operation and our termination of certain contracts as part of our
efforts to improve liquidity and reduce risk. The forecasted transactions
associated with previously designated cash-flow hedge contracts were deemed
probable of not occurring. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Interest Rate Swaps Designated as
Cash Flow Hedges&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We use interest rate swaps designated
as cash flow hedges to manage our interest rate exposures associated with new
debt issuances and to manage our exposure to fluctuations in interest rates on
variable rate debt. The effective portion of gains and losses on these interest
rate cash flow hedges, net of associated deferred income tax effects, is
recorded in "Accumulated other comprehensive loss" in our Consolidated
Statements of Comprehensive Income (Loss). We reclassify gains and losses on the
hedges from "Accumulated other comprehensive loss" into "Interest expense" in
our Consolidated Statements of Income (Loss) during the periods in which the
interest payments being hedged occur. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=18,FOLIO='28',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_29&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Accumulated other
comprehensive loss includes net unrealized pre-tax gains on interest rate
cash-flow hedges of prior debt issuances totaling $12.1&amp;nbsp;million at
June&amp;nbsp;30, 2009 and $12.0&amp;nbsp;million at December&amp;nbsp;31, 2008. We expect
to reclassify $1.9&amp;nbsp;million of pre-tax net gains on these cash-flow hedges
from "Accumulated other comprehensive loss" into "Interest expense" during the
next twelve months. We had no hedge ineffectiveness on these swaps. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Fair Value Hedging &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We elect fair value hedge accounting
for a limited portion of our derivative contracts including certain interest
rate swaps and certain forward contracts and price and basis swaps associated
with natural gas fuel in storage. The objectives for electing fair value hedging
in these situations are to manage our exposure, to optimize the mix of our fixed
and floating-rate debt, and to hedge the value of our natural gas in storage. We
did not have any fair value hedges related to the value of our natural gas in
storage during the second quarter of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Interest Rate Swaps Designated as
Fair Value Hedges&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We use interest rate swaps designated
as fair value hedges to optimize the mix of fixed and floating-rate debt. We
record any gains or losses on swaps that qualify for fair value hedge accounting
treatment, as well as changes in the fair value of the debt being hedged, in
"Interest expense." We record changes in fair value of the swaps in "Derivative
assets and liabilities" and changes in the fair value of the debt in "Long-term
debt" in our Consolidated Balance Sheets. In addition, we record the difference
between interest on hedged fixed-rate debt and floating-rate swaps in "Interest
expense" in the periods that the swaps settle. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During 2004, we entered
into interest rate swaps qualifying as fair value hedges relating to
$450&amp;nbsp;million of our fixed-rate debt maturing in 2012 and 2015, and
converted this notional amount of debt to floating-rate. The fair value of these
hedges was an unrealized gain of $40.4&amp;nbsp;million at June&amp;nbsp;30, 2009 and
$55.9&amp;nbsp;million at December&amp;nbsp;31, 2008 and was recorded as an increase in
our "Derivative assets" and an increase in our "Long-term debt." We had no hedge
ineffectiveness on these interest rate swaps. On July&amp;nbsp;15, 2009, we
terminated an interest rate swap relating to $50&amp;nbsp;million of the
$450&amp;nbsp;million of our fixed-rate debt and received approximately
$4.5&amp;nbsp;million in cash. This transaction will be recorded in the third
quarter of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Hedge Ineffectiveness
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;For all categories of derivative
instruments designated in hedging relationships, we recorded in earnings the
following pre-tax gains (losses) related to hedge ineffectiveness: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=72&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Cash-flow hedges&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;23.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(44.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;52.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(89.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Fair value hedges&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;23.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;23.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(38.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;76.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(76.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition, we did not
recognize any gain or loss during the quarter or six months ended June&amp;nbsp;30,
2009 and 2008 relating to changes in value for the portion of our fair value
hedges excluded from our hedge effectiveness assessment. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Mark-to-Market &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We generally apply mark-to-market
accounting for risk management and trading activities for which changes in fair
value more closely reflect the economic performance of the underlying business
activity. However, we also use mark-to-market accounting for derivatives related
to the following physical energy delivery activities: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;our nonregulated retail gas
    customer supply activities, which are managed using economic hedges that we
    have not designated as cash-flow hedges in order to match the timing of
    recognition of the earnings impacts of those activities to the greatest
    extent permissible, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;economic hedges of activities
    that require accrual accounting for which the related hedge requires
    mark-to-market accounting. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_quantitative_information_about__qua02685&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_5&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Quantitative Information
About Derivatives and Hedging Activities &lt;BR&gt;&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Background &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Effective January&amp;nbsp;1, 2009, we
adopted SFAS No.&amp;nbsp;161, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Disclosures About Derivative
Instruments and Hedging Activities,&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; (SFAS No.&amp;nbsp;161).
SFAS No.&amp;nbsp;161 does not change the accounting for derivatives; rather, it
requires expanded disclosure about derivative instruments and hedging activities
regarding: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the ways in which an entity uses
    derivatives, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the accounting for derivatives
    and hedging activities, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the impact that derivatives have
    (or could have) on an entity's financial position, financial performance,
    and cash flows. &lt;/FONT&gt;
    &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=19,FOLIO='29',FILE='DISK108:[09ZBZ1.09ZBZ44501]EC44501A.;15',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
    name=page_xxx44501_1_30&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Balance Sheet Tables
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We present our derivative assets and
liabilities in our Consolidated Balance Sheets on a net basis, including cash
collateral, whenever we have a legally enforceable master netting agreement with
a counterparty to a derivative contract. We use master netting agreements
whenever possible to manage and substantially reduce our potential counterparty
credit risk. The net presentation in our Consolidated Balance Sheets reflects
our actual credit exposure after giving effect to the beneficial effects of
these agreements and cash collateral, and our credit risk is reduced further by
other forms of collateral. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
provides information about the types of market risks we manage using
derivatives. This table only includes derivatives and does not reflect the price
risks we are hedging that arise from physical assets or nonderivative accrual
contracts within our generating plants, customer supply, and global commodities
activities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As discussed more fully
following the table, we present this information by disaggregating our net
derivative assets and liabilities into gross components on a
contract-by-contract basis before giving effect to the risk-reducing benefits of
master netting arrangements and collateral. As a result, we must present each
individual contract as an "asset value" if it is in the money or a "liability
value" if it is out of the money, regardless of whether the individual contracts
offset market or credit risks of other contracts in full or in part. Therefore,
the gross amounts in this table do not reflect our actual economic or credit
risk associated with derivatives. This gross presentation is intended only to
show separately the various derivative contract types we use, such as
commodities, interest rate, and foreign exchange. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In order to identify how
our derivatives impact our financial position, at the bottom of the table we
provide a reconciliation of the gross fair value components to the net fair
value amounts as presented in the &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Fair Value
Measurements&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; section of this note and our Consolidated
Balance Sheets. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The gross asset and
liability values in the table below are segregated between those derivatives
designated in qualifying hedge accounting relationships and those not designated
in hedge accounting relationships. Derivatives not designated in hedging
relationships include our retail gas customer supply operation, economic hedges
of accrual activities, the international commodities and Houston-based gas
trading operations that we have divested, and risk management and trading
activities which we have substantially curtailed as part of our effort to reduce
risk in our business. We use the end of period accounting designation to
determine the classification for each derivative position. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=20,FOLIO='30',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_31&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=8&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=180&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=32&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=32&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=32&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;&lt;I&gt;As of
      June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=1&gt;Derivatives&lt;BR&gt;Designated&amp;nbsp;as&amp;nbsp;Hedging&lt;BR&gt;Instruments
      for&lt;BR&gt;Accounting Purposes&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=1&gt;Derivatives Not&lt;BR&gt;Designated As Hedging&lt;BR&gt;Instruments
      for&lt;BR&gt;Accounting Purposes&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;All
      Derivatives&lt;BR&gt;Combined&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=20&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;Contract
      type&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Asset&lt;BR&gt;Values&lt;SUP&gt;3&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Liability&lt;BR&gt;Values&lt;SUP&gt;4&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Asset&lt;BR&gt;Values&lt;SUP&gt;3&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Liability&lt;BR&gt;Values&lt;SUP&gt;4&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Asset&lt;BR&gt;Values&lt;SUP&gt;3&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Liability&lt;BR&gt;Values&lt;SUP&gt;4&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=20&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=17&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;2,871.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(4,146.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;24,500.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=1&gt;(25,291.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;27,371.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=1&gt;(29,438.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;2,215.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(1,593.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;8,602.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(8,300.6&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;10,818.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(9,893.7&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;9.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(123.5&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;1,650.3&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;1,660.0&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Other commodity
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;25.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(19.4&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;239.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(201.7&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;264.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(221.1&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;83.6&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(62.4&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;&amp;nbsp;&lt;/TD&gt;
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    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=right
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  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;940.3&lt;/FONT&gt;&lt;/TD&gt;
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  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    align=right colSpan=5&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;1,036.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(937.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align=right
    colSpan=5&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total Derivatives&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;940.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2,210.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=20&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Other commodity contracts
include oil, freight, emission allowances, and weather
contracts.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;2 Represents the unrealized fair value
of exchange traded derivatives, exclusive of cash margin
posted.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;3 Represents in-the-money contracts
without regard to potentially offsetting out-of-the-money contracts under master
netting agreements.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;4 Represents out-of-the-money
contracts without regard to potentially offsetting in-the-money contracts under
master netting agreements.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;5 Represents the effect
of legally enforceable master netting agreements. &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The magnitude of and
changes in the gross derivatives components in this table do not indicate
changes in the level of derivative activities, the level of market risk, or the
level of credit risk. The primary factors affecting the magnitude of the gross
amounts in the table are changes in commodity prices and the total number of
contracts. If commodity prices change, the gross amounts could increase, even if
the level of contracts stays the same, because separate presentation is required
for contracts that are in the money from those that are out of the money. As a
result, the gross amounts of even fully hedged positions could increase if
prices change. Additionally, if the number of contracts increases, the gross
amounts also could increase. Thus, the execution of new contracts to reduce
economic risk could actually increase the gross amounts in the table because of
the requirement to present the gross value of each individual contract
separately. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The primary purpose of
this table is to disaggregate the risks being managed using derivatives. In
order to achieve this objective, we prepare this table by separating each
individual derivative contract that is in the money from each contract that is
out of the money and present such amounts on a gross basis, even for offsetting
contracts that have identical quantities for the same commodity, location, and
delivery period. We must also present these components excluding the substantive
credit-risk reducing effects of master netting agreements and collateral. As a
result, the gross "asset" and "liability" amounts for each contract type far
exceed our actual economic exposure to commodity price risk and credit risk. Our
actual economic exposure consists of the net derivative position combined with
our nonderivative accrual contracts, such as those for load-serving, and our
physical assets, such as our power plants. Our actual derivative credit risk
exposure after master netting agreements and cash collateral is reflected in the
net fair value amounts shown at the bottom of the table above. Our total
economic and credit exposures, including derivatives, are managed in a
comprehensive risk framework that includes risk measures such as economic value
at risk, stress testing, and maximum potential credit exposure. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=21,FOLIO='31',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_32&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Gain and (Loss) Tables
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The tables below summarize the gain
and loss impacts of our derivative instruments segregated into the following
categories: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;cash flow hedges, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fair value hedges, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;mark-to-market derivatives.
    &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The tables only include
this information for derivatives and do not reflect the related gains or losses
that arise from generation and generation-related assets, nonderivative accrual
contracts, or NPNS contracts within our Generation, Customer Supply, and Global
Commodities activities, other than fair value hedges, for which we separately
show the gain or loss on the hedged asset or liability. As a result, for
mark-to-market and cash-flow hedge derivatives, these tables only reflect the
impact of derivatives themselves and therefore do not necessarily include all of
the income statement impacts of the transactions for which derivatives are used
to manage risk. For a more complete discussion of how derivatives affect our
financial performance, see our accounting policy for Revenues, Fuel and
Purchased Energy Expenses, and Derivatives and Hedging Activities in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; to our 2008 Annual
Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents gains and losses on derivatives designated as cash flow hedges. As
discussed more fully in our accounting policy, we record the effective portion
of unrealized gains and losses on cash flow hedges in Accumulated Other
Comprehensive Loss until the hedged forecasted transaction affects earnings. We
record the ineffective portion of gains and losses on cash flow hedges in
earnings as they occur. When the hedged forecasted transaction settles and is
recorded in earnings, we reclassify the related amounts from Accumulated Other
Comprehensive Loss into earnings, with the result that the combination of
revenue or expense from the forecasted transaction and gain or loss from the
hedge are recognized in earnings at a total amount equal to the hedged price.
Accordingly, the amount of derivative gains and losses recorded in Accumulated
Other Comprehensive Loss and reclassified from Accumulated Other Comprehensive
Loss into earnings does not reflect the total economics of the hedged forecasted
transactions. The total impact of our forecasted transactions and related hedges
is reflected in our Consolidated Statements of Income (Loss). &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=78&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=19&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=27&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=97&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=44&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=53&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=44&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=53&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;Cash Flow
      Hedges&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Quarter Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT size=1&gt;&lt;I&gt;Six
      Months Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;Amount
      of&lt;BR&gt;Derivative Gain&lt;BR&gt;(Loss) Recorded&lt;BR&gt;in AOCI&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=5&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;Contract
      type:&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Quarter&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Six
      Months&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Statement of
      Income (Loss) Line Item&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain&lt;BR&gt;(Loss) Reclassified&lt;BR&gt;from AOCI into&lt;BR&gt;Earnings&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Derivative&lt;BR&gt;Ineffectiveness&lt;BR&gt;Gain (Loss) Recorded&lt;BR&gt;in
      Earnings&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain&lt;BR&gt;(Loss) Reclassified&lt;BR&gt;from AOCI into&lt;BR&gt;Earnings&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Derivative&lt;BR&gt;Ineffectiveness&lt;BR&gt;Gain (Loss) Recorded&lt;BR&gt;in
      Earnings&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=19&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Hedges of forecasted sales:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;100.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;262.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(37.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;21.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(129.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;81.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;7.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(23.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;4.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(22.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;6.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Coal contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;10.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(229.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Other commodity
    contracts&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(7.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;6.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(3.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(5.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Interest rate contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Foreign exchange contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;101.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;254.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Total included in nonregulated
      revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(39.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;23.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(386.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;82.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Hedges of forecasted purchases:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Fuel and purchased energy
      expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(112.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(886.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(611.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(1,038.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(29.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(21.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;154.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;66.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;1.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;92.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;2.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Coal contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(40.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(125.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(52.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(1.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(65.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Other commodity
    contracts&lt;SUP&gt;2&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(3.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;23.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Foreign exchange contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(178.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(859.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Total included in fuel and
      purchased energy expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(599.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(987.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(29.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Hedges of interest rates:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Interest expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Interest rate contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Total included in interest
      expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Grand total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(77.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(604.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(639.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;23.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(1,374.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;52.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Other commodity sale contracts
include oil and freight contracts.&lt;BR&gt;2 Other commodity purchase contracts
include freight and emission allowances.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=22,FOLIO='32',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_33&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents gains and losses on derivatives designated as fair value hedges and,
separately, the gains and losses on the hedged item. As discussed earlier, we
record the unrealized gains and losses on fair value hedges as well as changes
in the fair value of the hedged asset or liability in earnings as they occur.
The difference between these amounts represents hedge ineffectiveness. Due to
the sale of our Houston-based gas trading operation, we do not have any second
quarter activity under fair value hedges related to gas contracts. &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=7&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=113&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=3&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=4&gt;&lt;FONT size=1&gt;Fair
      Value Hedges&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Quarter Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT size=1&gt;&lt;I&gt;Six
      Months Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=16&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;Contract
      type:&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Statement of
      Income (Loss) Line Item&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recognized in Income&lt;BR&gt;on Derivative&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recognized in Income&lt;BR&gt;on Hedged Item&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recognized in Income&lt;BR&gt;on Derivative&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recognized in Income&lt;BR&gt;on Hedged Item&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=16&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Commodity contracts:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;40.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(16.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Interest rate contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Interest expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(15.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;15.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 7pt; TEXT-INDENT: -7pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;25.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(1.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents gains and losses on mark-to-market derivatives, contracts that have not
been designated as hedges for accounting purposes. As discussed more fully in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; to our 2008 Annual
Report on Form&amp;nbsp;10-K, we record the unrealized gains and losses on
mark-to-market derivatives in earnings as they occur. While we use
mark-to-market accounting for risk management and trading activities because
changes in fair value more closely reflect the economic performance of the
activity, we also use mark-to-market accounting for certain derivatives related
to portions of our physical energy delivery activities. Accordingly, the total
amount of gains and losses from mark-to-market derivatives does not necessarily
reflect the total economics of related transactions. &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=8&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=91&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=129&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=97&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=110&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;Mark-to-Market Derivatives&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;I&gt;Quarter Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=2&gt;&lt;FONT size=1&gt;&lt;I&gt;Six
      Months Ended June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=10&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=1&gt;Contract
      type:&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=1&gt;Statement of
      Income (Loss) Line Item&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recorded in Income&lt;BR&gt;on Derivative&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=1&gt;Amount
      of Gain (Loss)&lt;BR&gt;Recorded in Income&lt;BR&gt;on Derivative&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=10&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Commodity contracts:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Power contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;58.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;147.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Gas contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(116.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(279.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Coal contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;52.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;9.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Other commodity
    contracts&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;4.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Coal contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Fuel and purchased energy
      expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(2.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(107.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Interest rate contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(20.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(20.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Foreign exchange contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;Nonregulated
revenues&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;1.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;9.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Total gains (losses)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(22.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(240.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Other commodity contracts for
the quarter ended June&amp;nbsp;30, 2009 include oil, freight, weather, and emission
allowances. For the six months ended June&amp;nbsp;30, 2009, other commodity
contracts also include uranium.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In computing the amounts
of derivative gains and losses in the above tables, we include the changes in
fair values of derivative contracts up to the date of maturity or settlement of
each contract. This approach facilitates a comparable presentation for both
financial and physical derivative contracts. In addition, for cash flow hedges
we include the impact of intra-quarter transactions (i.e.,&amp;nbsp;those that arise
and settle within the same quarter) in both gains and losses recognized in
Accumulated Other Comprehensive Loss and amounts reclassified from Accumulated
Other Comprehensive Loss into earnings. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Volume of Derivative Activity
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The volume of our derivatives
activity is directly related to the fundamental nature and scope of our business
and the risks we manage. We own or control electric generating &lt;!-- SEQ.=23,FOLIO='33',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_34&gt;&lt;/A&gt;facilities, which exposes us to both power and fuel
price risk; we serve electric and gas wholesale and retail customers within our
customer supply business, which exposes us to electricity and natural gas price
risk; and we provide risk management services and engage in trading activities,
which can expose us to a variety of commodity price risks. We conduct our
business activities throughout the United States and internationally. In order
to manage the risks associated with these activities, we are required to be an
active participant in the energy markets, and we routinely employ derivative
instruments to conduct our business. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Derivative instruments
provide an efficient and effective way to conduct our business and to manage the
associated risks. We manage our generating resources and customer supply
activities based upon established policies and limits, and we use derivatives to
establish a portion of our hedges and to adjust the level of our hedges from
time to time. Additionally, we engage in trading activities which enable us to
execute hedging transactions in a cost-effective manner. We manage those
activities based upon various risk measures, including position limits, economic
value at risk (EVaR) and value at risk (VaR), and we use derivatives to
establish and maintain those activities within the prescribed limits. We are
also using derivatives to execute, control, and reduce the overall level of our
trading positions and risk as well as to manage a portion of our interest rate
risk associated with debt and our foreign currency risk from non-dollar
denominated transactions. Accordingly, the use of derivative instruments is
integral to the conduct of our business, and derivative instruments are an
important tool through which we are able to manage and mitigate the risks that
are inherent in our activities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents information designed to provide insight into the overall volume of our
derivatives usage. However, the volumes presented in this table are subject to a
number of limitations and should only be used as an indication of the extent of
our derivatives usage and the risks they are intended to manage. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;First, the volume
information is not a complete representation of our market price risk because it
only includes derivative contracts. Accordingly, this table does not present a
complete picture of our overall net economic exposure, and should not be
interpreted as an indication of open or unhedged commodity positions, because
the use of derivatives is only one of the means by which we engage in and manage
the risks of our business. For example, the table does not include power or fuel
quantities and risks arising from our physical assets, non-derivative contracts,
and forecasted transactions that we manage using derivatives; a portion of these
volumes reduce those risks. It also does not include volumes of commodities
under nonderivative contracts that we use to serve customers or manage our
risks. Our actual net economic exposure from our generating facilities and
customer supply activities is reduced by derivatives, and the exposure from our
trading activities is managed and controlled through the risk measures discussed
above. Therefore, the information in the table below is only an indication of
that portion of our business that we manage through derivatives and serves
primarily to identify the extent of our derivatives activities and the types of
risks that they are intended to manage. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Additionally, the
disclosure of derivative quantities potentially could reveal commercially
valuable or otherwise competitively sensitive information that could limit the
effectiveness and profitability of our business activities. Therefore, in the
table below, we have computed the derivative volumes for commodities by
aggregating the absolute value of net open long (purchase) and short (sell)
positions within commodities for each year. This provides an indication of the
level of derivatives activity, but it does not indicate either the direction of
our position (long or short), or the overall size of our position. We believe
this presentation gives an appropriate indication of the level of derivatives
activity without unnecessarily revealing the size and direction of our
derivatives positions. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Finally, the volume
information for commodity derivatives represents "delta equivalent" quantities,
not gross notional amounts. We make use of different types of commodity
derivative instruments such as forwards, futures, options, and swaps, and we
believe that the delta equivalent quantity is the most relevant measure of the
volume associated with these commodity derivatives. The delta-equivalent
quantity represents a risk-adjusted notional quantity for each contract that
takes into account the probability that an option will be exercised. Therefore,
the volume information for commodity derivatives represents the delta equivalent
quantity of those contracts, computed on the basis described above. For interest
rate contracts and foreign currency contracts we have presented the notional
amounts of such contracts in the table below. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=24,FOLIO='34',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_35&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents the volume of our derivative activities as of June&amp;nbsp;30, 2009, shown
by contractual settlement year. &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=173&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=18&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=36&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=4&gt;&lt;FONT
      size=2&gt;Quantities&lt;SUP&gt;1&lt;/SUP&gt; Under Derivative Contracts&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;As of
      June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;Contract Type
      (Unit)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2010&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2011&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2012&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2013&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Thereafter&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Total&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=20&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Power (MWh)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;8.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;62.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Gas (MMBTU)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;30.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;14.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;43.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;124.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Coal (Tons)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Oil (BBL)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Emission Allowances (Tons)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest Rate Contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,534.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;516.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;238.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;486.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;93.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;325.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,194.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Foreign Exchange Rate Contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;24.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;16.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;16.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;32.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;133.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Amounts in the table are only
intended to provide an indication of the level of derivatives activity and
should not be interpreted as a measure of any derivative position or overall
economic exposure to market risk. Quantities are expressed as "delta
equivalents" on an absolute value basis by contract type by year. Additionally,
quantities relate only to derivatives and do not include potentially offsetting
quantities associated with physical assets and nonderivative accrual
contracts.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition to the
commodities in the tables above, we also hold derivative instruments related to
weather and freight that are insignificant relative to the overall level of our
derivative activity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Credit-Risk Related Contingent
Features &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Certain of our derivative instruments
contain provisions that would require additional collateral upon a
credit-related event such as an adequate assurance provision or a credit rating
decrease in the senior unsecured debt of Constellation Energy. The amount of
collateral we could be required to post would be determined by the fair value of
contracts containing such provisions that represent a net liability, after
offset for the fair value of any asset contracts with the same counterparty
under master netting agreements and any other collateral already posted. This
collateral amount is a component of, and is not in addition to, the total
collateral we could be required to post for all contracts upon a credit rating
decrease. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents information related to these derivatives. Based on contractual
provisions, we estimate that if Constellation Energy's senior unsecured debt
were downgraded, our total contingent collateral obligation for derivatives in a
net liability position was $0.3&amp;nbsp;billion as of June&amp;nbsp;30, 2009, which
represents the additional collateral that we could be required to post with
counterparties, including both cash collateral and letters of credit, in the
event of a credit downgrade to below investment grade. These amounts are
associated with net derivative liabilities totaling $1.5&amp;nbsp;billion after
reflecting legally binding master netting agreements and collateral already
posted. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Interpretations of SFAS
No.&amp;nbsp;161 indicate that the gross fair value of derivatives in a net
liability position that have credit-risk-related contingent features should be
disclosed, and we present this amount in the first column in the table below.
This gross fair value amount represents only the out-of-the-money contracts
containing such features that are not fully collateralized by cash on a
stand-alone basis. Thus, this amount does not reflect the offsetting fair value
of in-the-money contracts under legally-binding master netting agreements with
the same counterparty, as shown in the second column in the table. These
in-the-money contracts would offset the amount of any gross liability that could
be required to be collateralized, and as a result, the actual potential
collateral requirements would be based upon the net fair value of derivatives
containing such features, not the gross amount. The amount of any possible
contingent collateral for such contracts in the event of a downgrade would be
further reduced to the extent that we have already posted collateral related to
the net liability. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Because the amount of any
contingent collateral obligation would be based on the net fair value of all
derivative contracts under each master netting agreement, we believe that the
"net fair value of derivative contracts containing this feature" as shown in the
table below is the most relevant measure of derivatives in a net liability
position with credit-risk-related contingent features. This amount reflects the
actual net liability upon which existing collateral postings are computed and
upon which any additional contingent collateral obligation would be based.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=25,FOLIO='35',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_36&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=80&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=90&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=80&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=39&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=43&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=8&gt;&lt;FONT
      size=2&gt;Credit-Risk Related Contingent Feature&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=right colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;As of
      June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=14&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Gross
      Fair Value&lt;BR&gt;of Derivative&lt;BR&gt;Contracts Containing&lt;BR&gt;This
      Feature&lt;SUP&gt;1&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Offsetting Fair Value&lt;BR&gt;of In-the-Money&lt;BR&gt;Contracts Under
      Master&lt;BR&gt;Netting Agreements&lt;SUP&gt;2&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Net
      Fair Value&lt;BR&gt;of Derivative&lt;BR&gt;Contracts Containing&lt;BR&gt;This
      Feature&lt;SUP&gt;3&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Amount
      of&lt;BR&gt;Posted&lt;BR&gt;Collateral&lt;SUP&gt;4&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Contingent&lt;BR&gt;Collateral&lt;BR&gt;Obligation&lt;SUP&gt;5&lt;/SUP&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=14&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=14&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      billions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;18.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(16.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    align=right colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;1 Amount represents the gross fair
value of out-of-the-money derivative contracts containing credit-risk-related
contingent features that are not fully collateralized by posted cash collateral
on an individual, contract-by-contract basis ignoring the effects of master
netting agreements.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;2 Amount represents the
offsetting fair value of in-the-money derivative contracts under
legally-enforceable master netting agreements with the same counterparty, which
reduces the amount of any liability for which we potentially could be required
to post collateral.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;3 Amount represents the net
fair value of out-of-the-money derivative contracts containing credit-risk
related contingent features after considering the mitigating effects of
offsetting positions under master netting arrangements and reflects the actual
net liability upon which any potential contingent collateral obligations would
be based.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;4 Amount includes cash collateral posted
of $133.4&amp;nbsp;million and letters of credit of
$882.1&amp;nbsp;million.&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;FONT size=2&gt;&lt;I&gt;5 Amounts represent the
additional collateral that we could be required to post with counterparties,
including both cash collateral and letters of credit, in the event of a credit
downgrade to below investment grade after giving consideration to offsetting
derivative and non-derivative positions under master netting
agreements.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Concentrations of
Derivative-Related Credit Risk &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Constellation Energy's wholesale and
retail credit risk management policies establish the guidelines under which we
extend unsecured credit to counterparties and customers. Based on the
counterparty analysis and limits established by Constellation Energy, collateral
or other security may be required to enter into transactions based on the
potential exposure. Under most agreements we have entered into, collateral is in
the form of cash or letters of credit. These forms of collateral are held by us
and can be drawn upon should a counterparty default on its obligations under its
agreement. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As a best practice, we
enter into commodity master agreements and cross-commodity netting agreements in
order to achieve the benefits of netting in terms of exposure and collateral
capital reductions. Where beneficial to the risk profile of the company, we will
seek credit protections that include upfront collateral, margining, material
adverse change clauses (based on credit ratings downgrades or other financial
ratios events), and adequate assurances clauses in our master agreements that
can be utilized to request security from our counterparties in order to cover
our potential risk of loss. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We consider a significant
concentration of credit risk to be any single obligor or counterparty whose
concentration exceeds 10% of total credit exposure. As of June&amp;nbsp;30, 2009, no
single counterparty concentration comprises more than 10% of the total exposure
of the portfolio, and no collection of counterparties based in a single country
other than the United States comprises more than 10% of the total exposure of
the portfolio. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Fair Value Measurements
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;157, &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Fair Value Measurements&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;, (SFAS No.&amp;nbsp;157)
defines fair value, establishes a framework for measuring fair value, and
requires certain disclosures about fair value measurements. Fair value is the
price that we would receive to sell an asset or pay to transfer a liability in
an orderly transaction between market participants at the measurement date (exit
price). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;SFAS No.&amp;nbsp;157 also
creates a fair value hierarchy that prioritizes the inputs used to measure fair
value. The three levels of the fair value hierarchy are as follows: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;1&amp;#151;Unadjusted quoted
    prices available in active markets at the measurement date for identical
    assets or liabilities. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;2&amp;#151;Pricing inputs,
    other than quoted prices included within Level&amp;nbsp;1, which are either
    directly or indirectly observable as of the reporting date. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;3&amp;#151;Significant inputs
    that are generally not observable from market activity. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We determine the fair
value of our assets and liabilities using unadjusted quoted prices in active
markets (Level&amp;nbsp;1) or pricing inputs that are observable (Level&amp;nbsp;2)
whenever that information is available. We use unobservable inputs
(Level&amp;nbsp;3) to estimate fair value only when relevant observable inputs are
not available. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We classify assets and
liabilities within the fair value hierarchy based on the lowest level of input
that is &lt;!-- SEQ.=26,FOLIO='36',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_37&gt;&lt;/A&gt;significant to the fair value measurement of each
individual asset and liability taken as a whole. We determine fair value for
assets and liabilities classified as Level&amp;nbsp;1 by multiplying the market
price by the quantity of the asset or liability. We primarily determine fair
value measurements classified as Level&amp;nbsp;2 or Level&amp;nbsp;3 using the income
valuation approach, which involves discounting estimated cash flows using
assumptions that market participants would use in pricing the asset or
liability. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We present all
derivatives recorded at fair value net with the associated fair value cash
collateral. This presentation of the net position reflects our credit exposure
for our on-balance sheet positions but excludes the impact of any off-balance
sheet positions and collateral. Examples of off-balance sheet positions and
collateral include in-the-money accrual contracts for which the right of offset
exists in the event of default and letters of credit. We discuss our letters of
credit in more detail in the &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Financing
Activities&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; section. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Recurring Measurements&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE's assets and liabilities measured
at fair value on a recurring basis are immaterial. Our merchant energy business
segment's assets and liabilities measured at fair value on a recurring basis
consist of the following: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=111&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=35&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;As
      of&lt;BR&gt;June&amp;nbsp;30, 2009&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Assets&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Liabilities&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=9&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Cash equivalents&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;746.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Debt and equity securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,111.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative instruments:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Classified as derivative assets and
      liabilities:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,036.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1,272.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncurrent&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;747.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(937.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total classified as derivative assets and
      liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,783.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2,210.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Classified as accounts
receivable*&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(843.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total derivative instruments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;940.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2,210.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total recurring fair value
      measurements&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,798.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2,210.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;* Represents the unrealized fair
value of exchange traded derivatives, exclusive of cash margin
posted.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Cash equivalents
represent money market mutual funds which are included in "Cash and cash
equivalents" and "Nuclear decommissioning trust funds" in the Consolidated
Balance Sheets. Debt and equity securities primarily represent
available-for-sale investments which are included in "Nuclear decommissioning
trust funds" and "Other assets" in the Consolidated Balance Sheets. Derivative
instruments represent unrealized amounts related to all derivative positions,
including futures, forwards, swaps, and options. We classify exchange-listed
contracts as part of "Accounts Receivable" in our Consolidated Balance Sheets.
We classify the remainder of our derivative contracts as "Derivative assets" or
"Derivative liabilities" in our Consolidated Balance Sheets. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The table below
disaggregates our net derivative assets and liabilities on a gross
contract-by-contract basis. Each individual asset or liability that is
remeasured at fair value on a recurring basis is required to be presented in
this table and classified, in its entirety, within the appropriate level in the
fair value hierarchy. Therefore, the objective of this table is to provide
information about how each individual derivative contract is valued within the
fair value hierarchy, regardless of whether a particular contract is eligible
for netting against other contracts or whether it has been collateralized.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=27,FOLIO='37',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_38&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The table below sets
forth by level within the fair value hierarchy the gross components of the
Company's assets and liabilities that were measured at fair value on a recurring
basis as of June&amp;nbsp;30, 2009. These gross balances are intended solely to
provide information on sources of inputs to fair value and proportions of fair
value involving objective versus subjective valuations and do not represent
either our actual credit exposure or net economic exposure. &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=180&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=37&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=32&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=60&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=36&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;At
      June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Level&amp;nbsp;1&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Level&amp;nbsp;2&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Level&amp;nbsp;3&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Netting
      and&lt;BR&gt;Cash Collateral*&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;Total
      Net&lt;BR&gt;Fair Value&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=17&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=14&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Cash equivalents&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;734.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;746.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Debt and equity securities:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Marketable equity securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;266.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;266.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Mutual funds / common collective
      trusts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;48.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;505.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;554.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Corporate debt securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;178.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;178.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;U.S. Agencies&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;44.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;44.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;U.S. Treasuries&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;State municipal bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;48.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;48.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=17&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Debt and equity securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;335.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;776.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,111.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;180.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;36,104.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,941.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;(39,287.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;940.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(160.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;(37,158.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(4,118.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;39,227.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2,210.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=17&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net derivative position&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1,053.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(176.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(60.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1,270.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=17&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,089.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(265.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(176.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(60.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;587.7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=17&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;* We present our derivative assets
and liabilities in our Consolidated Balance Sheets on a net basis. We net
derivative assets and liabilities, including cash collateral, when a legally
enforceable master netting agreement exists between us and the counterparty to a
derivative contract. At June&amp;nbsp;30, 2009, we included $193.4&amp;nbsp;million of
cash collateral held and $133.4&amp;nbsp;million of cash collateral posted
(excluding margin posted on exchange traded derivatives) in netting amounts in
the above table.&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The factors that cause
changes in the gross components of the derivatives amounts in the table above
are unrelated to the existence or level of actual market or credit risk from our
operations. Thus, the gross components of the derivatives amounts in this table
decreased from the corresponding amounts as of December&amp;nbsp;31, 2008, due to
substantial changes in commodity prices and the decrease in the number of
derivative contracts outstanding. We describe the primary factors that change
the gross components below. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;SFAS No.&amp;nbsp;157
requires us to prepare this table by separating each individual derivative
contract that is in the money from each contract that is out of the money. It
also requires us to ignore master netting agreements and collateral for our
derivatives. As a result, the gross "asset" and "liability" amounts under each
of the three fair value levels far exceed our actual economic exposure to
commodity price risk and credit risk. Our actual economic exposure consists of
the net derivative position combined with our nonderivative accrual contracts,
such as those for load-serving, and our physical assets, such as our power
plants. Our actual credit risk exposure is reflected in the net derivative asset
and derivative liability amounts shown in the Total Net Fair Value column.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Increases and decreases
in the gross components presented in each of the levels in this table also do
not indicate changes in the level of derivative activities. Rather, the primary
factors affecting the gross amounts are commodity prices and the total number of
contracts. If commodity prices change, the gross amounts could increase, even if
the level of contracts stays the same, because separate presentation is required
for contracts that are in the money from those that are out of the money. As a
result, even fully hedged positions could exhibit increases in the gross amounts
if prices change. Additionally, if the number of contracts increases, the gross
amounts also could increase. Thus, the execution of new contracts to reduce
economic risk could actually increase the gross amounts in the table because of
the required separation of contracts discussed above. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Cash equivalents are
primarily comprised of exchange traded money market funds and money market
mutual funds. These instruments are valued based upon unadjusted quoted prices
in active markets and are classified within Level&amp;nbsp;1. Cash equivalents
classified in Level&amp;nbsp;2 are held within our nuclear decommissioning trust
funds and are valued based on fund share price, which is observable on a less
frequent basis. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=28,FOLIO='38',FILE='DISK108:[09ZBZ1.09ZBZ44501]EE44501A.;37',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_39&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Debt and equity
securities include trust assets securing certain executive benefits, other
marketable securities, and our nuclear decommissioning trust funds. Trust assets
securing certain executive benefits consist of mutual funds, which are valued
based upon unadjusted quoted prices in active markets and are classified within
Level&amp;nbsp;1. Our other marketable securities consist of marketable equity
securities, which are valued based on unadjusted quoted prices in active markets
and are classified within Level&amp;nbsp;1. Nuclear decommissioning trust funds
consist of a number of different types of securities, including the following:
&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;marketable equity securities,
    mutual funds, and United States Treasury securities are classified within
    Level&amp;nbsp;1 because they are valued based on unadjusted quoted prices in
    active markets, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;fixed income securities other
    than United States Treasury securities are classified within Level&amp;nbsp;2
    because these instruments are traded in markets that are less active than
    the markets for equity securities and United States Treasury securities, and
    &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;common collective trusts are
    classified within Level&amp;nbsp;2 because they are valued based on the fund
    share price, which is observable on a less frequent basis.
&lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Derivative instruments
include exchange-traded and bilateral contracts. Exchange-traded derivative
contracts include futures and certain options. Bilateral derivative contracts
include swaps, forwards, certain options and complex structured transactions. We
utilize models to measure the fair value of bilateral derivative contracts.
Generally, we use similar models to value similar instruments. Valuation models
utilize various inputs, which include quoted prices for similar assets or
liabilities in active markets, quoted prices for identical or similar assets or
liabilities in markets that are not active, other observable inputs for the
asset or liability, and market-corroborated inputs, which are inputs derived
principally from or corroborated by observable market data by correlation or
other means. However, the primary input to our valuation models is the forward
commodity price. We have classified derivative contracts within the fair value
hierarchy as follows: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Exchange-traded derivative
    contracts valued based on unadjusted quoted prices in active markets are
    classified within Level&amp;nbsp;1. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Exchange-traded derivative
    contracts valued using pricing inputs based upon market quotes or market
    transactions are classified within Level&amp;nbsp;2. These contracts generally
    trade in less active markets due to the length of the contracts
    (i.e.,&amp;nbsp;for certain contracts the exchange sets the closing price, which
    may not be reflective of an actual trade). &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Bilateral derivative contracts
    where observable inputs are available for substantially the full term and
    value of the asset or liability are classified within Level&amp;nbsp;2. &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Bilateral derivative contracts
    with a lower availability of pricing information are classified in
    Level&amp;nbsp;3. In addition, complex or structured transactions, such as
    certain options, may require us to use internally-developed model inputs,
    which might not be observable in or corroborated by the market, to determine
    fair value. When such unobservable inputs have more than an insignificant
    impact on the measurement of fair value, we also classify the instrument
    within Level&amp;nbsp;3. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In order to determine
fair value, we utilize various inputs and factors including market data and
assumptions that market participants would use in pricing assets or liabilities
as well as assumptions about the risks inherent in the inputs to the valuation
technique. The inputs and factors include: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;forward commodity prices,
&lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;price volatility, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;volumes, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;location, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;interest rates, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;credit quality of counterparties
    and Constellation Energy, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;credit enhancements. &lt;/FONT&gt;
    &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=29,FOLIO='39',FILE='DISK108:[09ZBZ1.09ZBZ44501]EG44501A.;13',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
    name=page_xxx44501_1_40&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table sets
forth a reconciliation of changes in Level&amp;nbsp;3 fair value measurements:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=8&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=66&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=22&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=23&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=22&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=1&gt;&lt;B&gt;Quarter Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=14&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Balance at beginning of period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=1&gt;&lt;B&gt;(275.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;400.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;37.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(147.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Realized and unrealized (losses)
      gains:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Recorded in income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;(99.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;181.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=1&gt;&lt;B&gt;(247.2&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;165.9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Recorded in other comprehensive
      income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;114.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;74.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;23.9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;250.5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Purchases, sales, issuances, and
      settlements&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;34.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;5.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;36.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;36.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Transfers into and out of
      Level&amp;nbsp;3&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;49.2&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(449.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;(26.7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;(94.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Balance at end of period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=1&gt;&lt;B&gt;(176.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;211.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=1&gt;&lt;B&gt;(176.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;211.4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Change in unrealized gains recorded in income
      relating to derivatives still held at end of period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;71.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;247.6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;99.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;246.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Realized and unrealized
gains (losses) are included primarily in "Nonregulated revenues" for our
derivative contracts that are marked-to-market in our Consolidated Statements of
Income (Loss) and are included in "Accumulated other comprehensive loss" for our
derivative contracts designated as cash-flow hedges in our Consolidated Balance
Sheets. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
  <us-gaap:FairValueByBalanceSheetGroupingTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Fair Value of Financial
Instruments &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We show the carrying amounts and fair
values of financial instruments included in our Consolidated Balance Sheets in
the following table: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=122&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=31&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=31&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;&lt;I&gt;At
      June&amp;nbsp;30, 2009&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Carrying&lt;BR&gt;Amount&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;Fair&lt;BR&gt;Value&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Investments and other assets&amp;#151;Constellation
      Energy&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;1,253.6&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;1,253.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Fixed-rate long-term debt:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Constellation Energy (including
    BGE)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;5,974.3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;5,794.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;BGE&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2,238.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2,177.0&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Variable-rate long-term debt:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Constellation Energy (including
    BGE)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;677.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;677.4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;BGE&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We use the following
methods and assumptions for estimating fair value disclosures for financial
instruments: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;cash and cash equivalents, net
    accounts receivable, other current assets, certain current liabilities,
    short-term borrowings, current portion of long-term debt, and certain
    deferred credits and other liabilities: because of their short-term nature,
    the amounts reported in our Consolidated Balance Sheets approximate fair
    value, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;investments and other assets:
    the fair value is based on quoted market prices where available, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;long-term debt: the fair value
    is based on quoted market prices where available or by discounting remaining
    cash flows at current market rates. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:FairValueByBalanceSheetGroupingTextBlock>
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&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Accounting Standards Issued
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_sfas_no._167&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_6&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;SFAS No.&amp;nbsp;167
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, the FASB issued SFAS
No.&amp;nbsp;167, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Amendments to FASB Interpretation
No.&amp;nbsp;46R&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;, which is effective for interim and annual
reporting periods beginning after November&amp;nbsp;15, 2009. The standard includes
the following significant provisions: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;requires an entity to
    qualitatively assess the determination of the primary beneficiary of a VIE
    based on whether the entity (1)&amp;nbsp;has the power to direct matters that
    most significantly impact the activities of the VIE, and (2)&amp;nbsp;has the
    obligation to absorb losses or the right to receive benefits of the VIE that
    could potentially be significant to the VIE, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;requires an ongoing
    reconsideration of the primary beneficiary instead of only upon certain
    triggering events, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;amends the events that trigger a
    reassessment of whether an entity is a VIE, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;for an entity that is the
    primary beneficiary of a VIE, requires separate balance sheet presentation
    of (1)&amp;nbsp;the assets of the consolidated VIE, if they can be used to only
    settle specific obligations of the consolidated VIE, and (2)&amp;nbsp;the
    liabilities of a consolidated VIE for which creditors do not have recourse
    to the general credit of the primary beneficiary. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We are currently
evaluating the impacts of this standard on our, and BGE's, financial results,
which could be material. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_sfas_no._168&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_7&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;SFAS No.&amp;nbsp;168
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, the FASB issued SFAS
No.&amp;nbsp;168, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;The FASB Accounting Standards Codification
and the Hierarchy of Generally Accepted Accounting Principles&lt;/I&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt;, which is effective for financial statements issued for interim and
annual periods ending after September&amp;nbsp;15, 2009. The FASB Accounting
Standards Codification (Codification) will become the sole source of
authoritative generally accepted accounting principles in the United States of
America (GAAP) and will supersede all existing non-SEC accounting and reporting
standards. Once the Codification is in effect, all of its content will carry the
same level of authority, and any accounting guidance not contained within the
Codification will become non-authoritative. Because the Codification is not
intended to change GAAP, the adoption of this standard will not have an impact
on our, or BGE's, financial results. However, our disclosures and references to
accounting standards will change to reflect the new Codification structure
beginning with our Form&amp;nbsp;10-Q for the quarter ending September&amp;nbsp;30,
2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Accounting Standards Adopted
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_sfas_no._160&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_8&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;SFAS No.&amp;nbsp;160
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2007, the FASB issued
SFAS No.&amp;nbsp;160, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Noncontrolling Interests in
Consolidated Financial Statements, an amendment of ARB
No.&amp;nbsp;51&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;. SFAS No.&amp;nbsp;160 provides that a
noncontrolling interest in a subsidiary is an ownership interest in the
consolidated entity that should be reported as equity in the consolidated
financial statements. This presentation is based upon the view of the
consolidated business as a single economic entity and considers minority
ownership interests in consolidated subsidiaries as equity in the consolidated
entity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;SFAS No.&amp;nbsp;160
requires that companies: &lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;present noncontrolling interests
    (formerly described as "minority interests") in the consolidated balance
    sheet as a separate line item within equity, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;separately present on the face
    of the income statement the amount of consolidated net income attributable
    to the parent and to the noncontrolling interest, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;account for changes in ownership
    interests that do not result in a change in control as equity transactions,
    and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;upon deconsolidation of a
    subsidiary due to a change in control, measure any retained interest at fair
    value and record a gain or loss for both the portion sold and the portion
    retained. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Effective January&amp;nbsp;1,
2009, we presented and disclosed noncontrolling interests in our Consolidated
Financial Statements in accordance with SFAS No.&amp;nbsp;160. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The total change in
Constellation Energy's noncontrolling interest amount of $25.8&amp;nbsp;million is
primarily due to income earned at one entity in which we have a noncontrolling
interest. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The total change in BGE's
noncontrolling interest amount of $8.1&amp;nbsp;million is primarily due to a
contribution by its noncontrolling interest owner. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_sfas_no._161&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_9&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;SFAS No.&amp;nbsp;161
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In March 2008, the FASB issued SFAS
No.&amp;nbsp;161. SFAS No.&amp;nbsp;161 requires entities to provide expanded disclosure
about derivative instruments and hedging activities, but does not change the
accounting for derivatives. We adopted SFAS No.&amp;nbsp;161 on January&amp;nbsp;1, 2009
and provide these additional disclosures beginning on page&amp;nbsp;29. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_sfas_no._165&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_10&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;SFAS No.&amp;nbsp;165
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In May 2009, the FASB issued SFAS
No.&amp;nbsp;165, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Subsequent Events&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;,
which establishes the general standards of accounting for and disclosure of
events that occur subsequent to the balance sheet date but before financial
statements are issued or are available to be issued. Because this standard does
not change the fundamental requirements for accounting for subsequent events, it
does not have a significant impact on our, or BGE's financial results. However,
this standard does require the disclosure of the date through which subsequent
events have been evaluated as well as whether that date is the date the
financial statements were issued. We adopted SFAS No.&amp;nbsp;165 as of
June&amp;nbsp;30, 2009 and have provided the additional required disclosures on
page&amp;nbsp;11. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=31,FOLIO='41',FILE='DISK108:[09ZBZ1.09ZBZ44501]EG44501A.;13',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_42&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_fsp_sfas_no._115-2_and_sfas_no._124-2&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_11&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;FSP SFAS No.&amp;nbsp;115-2 and
SFAS No.&amp;nbsp;124-2 &lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued Staff
Position (FSP) SFAS No.&amp;nbsp;115-2 and SFAS No.&amp;nbsp;124-2, &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Recognition and Presentation of Other-Than-Temporary
Impairments&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;, which amends the other-than-temporary
guidance for debt securities and expands the disclosure requirements for debt
and equity securities. The available-for-sale investments in our nuclear
decommissioning trust funds are managed by third parties who have independent
discretion over the purchases and sales of securities. As such, the amended
guidance for other-than-temporary impairments will not affect our policy of
recognizing impairments for any of these investments for which fair value
declines below its book value. The FSP also requires disclosures regarding
available-for-sale securities in interim financial statements as well as in
annual financial statements. We adopted FSP SFAS No.&amp;nbsp;115-2 and SFAS
No.&amp;nbsp;124-2 as of April&amp;nbsp;1, 2009 and provide the additional disclosures
regarding available for sale securities beginning on page&amp;nbsp;17. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_fsp_sfas_no._107-1_and_apb_no._28-1&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_12&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;FSP SFAS No.&amp;nbsp;107-1 and
APB No.&amp;nbsp;28-1 &lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;107-1 and APB No.&amp;nbsp;28-1, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Interim
Disclosures about Fair Value of Financial Instruments&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;,
which amends SFAS No.&amp;nbsp;107 to require disclosures about fair value of
financial instruments in interim financial statements as well as in annual
financial statements. We adopted FSP SFAS No.&amp;nbsp;107-1 and APB No.&amp;nbsp;28-1
as of April&amp;nbsp;1, 2009 with no effect on our, or BGE's financial results. We
provide the disclosures regarding fair value of financial instruments on
page&amp;nbsp;40. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_fsp_sfas_no._157-2&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_13&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;FSP SFAS No.&amp;nbsp;157-2
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In February 2008, the FASB issued FSP
SFAS No.&amp;nbsp;157-2, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Effective Date of FASB Statement
No.&amp;nbsp;157&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;. FSP SFAS No.&amp;nbsp;157-2 delayed the
effective date of SFAS No.&amp;nbsp;157 for many nonfinancial assets and
liabilities, including asset retirement obligations, long-lived assets, and
goodwill, to fiscal years beginning after November&amp;nbsp;15, 2008. Prospectively,
we will disclose subsequent measurements of nonfinancial assets and liabilities
at fair value as part of our SFAS No.&amp;nbsp;157 footnote. We adopted FSP SFAS
No.&amp;nbsp;157-2 on January&amp;nbsp;1, 2009 with no effect on our, or BGE's,
financial results. See page&amp;nbsp;36 for our disclosures about fair value
measurements. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_fsp_sfas_no._157-4&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_14&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;FSP SFAS No.&amp;nbsp;157-4
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;157-4, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Determining Fair Value When the
Volume and Level of Activity for the Asset or Liability have Significantly
Decreased and Identifying Transactions That Are Not Orderly&lt;/I&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt;, which provides additional guidance for estimating fair value when the
volume and level of activity for the asset or liability have decreased. The FSP
also includes guidance on identifying circumstances that indicate a transaction
is not orderly. Finally, the FSP expands the disclosure requirements for fair
value measurements to include further disaggregation in the tabular disclosures.
We adopted FSP SFAS No.&amp;nbsp;157-4 as of April&amp;nbsp;1, 2009 with no effect on
our, or BGE's, financial results. See page&amp;nbsp;36 for our disclosures about
fair value measurements. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A name=xxx44501_eitf_no._08-5&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_15&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;EITF No.&amp;nbsp;08-5
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In September 2008, the FASB ratified
EITF No.&amp;nbsp;08-5, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Third Party Credit
Enhancements&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;. EITF No.&amp;nbsp;08-5 clarifies that an
entity shall not include the effects of a third party credit enhancement in the
fair value measurement of a liability. We adopted EITF No.&amp;nbsp;08-5 on
January&amp;nbsp;1, 2009 and recorded a reduction in our derivative liability of
approximately $4&amp;nbsp;million. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
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&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Related Party Transactions
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_bge_#151;income_statement&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_16&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;BGE&amp;#151;Income Statement
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE is obligated to provide
market-based standard offer service to all of its electric customers for varying
periods. Bidding to supply BGE's market-based standard offer service to electric
customers will occur from time to time through a competitive bidding process
approved by the Maryland PSC. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Our merchant energy
business will supply a portion of BGE's market-based standard offer service
obligation to electric customers through September&amp;nbsp;30, 2011. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The cost of BGE's
purchased energy from nonregulated subsidiaries of Constellation Energy to meet
its standard offer service obligation was as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=85&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=20&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=19&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=20&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=19&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=1&gt;&lt;B&gt;Quarter Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Purchased energy&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;142.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;186.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;346.8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;457.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In addition,
Constellation Energy charges BGE for the costs of certain corporate functions.
Certain costs are directly assigned to BGE. We allocate other corporate function
costs based on a total percentage of expected use by BGE. We believe this method
of allocation is reasonable and approximates the cost BGE would have incurred as
an unaffiliated entity. Other nonregulated affiliates of BGE also charge BGE for
the costs of certain services provided. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=32,FOLIO='42',FILE='DISK108:[09ZBZ1.09ZBZ44501]EG44501A.;13',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_43&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table
presents the costs Constellation Energy charged to BGE in each period.
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=101&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=16&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=1&gt;&lt;B&gt;Quarter Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=1&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=1&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=1&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=1&gt;&lt;/FONT&gt;&lt;FONT size=1&gt;Charges to BGE&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;35.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;35.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=1&gt;&lt;B&gt;65.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=1&gt;70.1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=1&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx44501_bge_#151;balance_sheet&gt;&lt;/A&gt;&lt;A
name=toc_xxx44501_17&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;BGE&amp;#151;Balance Sheet
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE participates in a cash pool under
a Master Demand Note agreement with Constellation Energy. Under this
arrangement, participating subsidiaries may invest in or borrow from the pool at
market interest rates. Constellation Energy administers the pool and invests
excess cash in short-term investments or issues commercial paper to manage
consolidated cash requirements. Under this arrangement, BGE had invested
$154.0&amp;nbsp;million at June&amp;nbsp;30, 2009 and had invested $148.8&amp;nbsp;million
at December&amp;nbsp;31, 2008. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;BGE's Consolidated
Balance Sheets include intercompany amounts related to BGE's purchases to meet
its standard offer service obligation, BGE's gas purchases, BGE's charges to
Constellation Energy and its nonregulated affiliates for certain services it
provides them, Constellation Energy and its nonregulated affiliates' charges to
BGE for certain services provided to BGE, and the participation of BGE's
employees in the Constellation Energy defined benefit plans. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;We believe our allocation
methods are reasonable and approximate the costs that would be charged to
unaffiliated entities. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
  <dei:EntityPublicFloat contextRef="I2008Q2" decimals="0" unitRef="usd">14585929431</dei:EntityPublicFloat>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="I2009Q2" decimals="-5" unitRef="usd">961600000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:SalesRevenueFromEnergyCommoditiesAndServices contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">6209600000</us-gaap:SalesRevenueFromEnergyCommoditiesAndServices>
  <us-gaap:SalesRevenueFromEnergyCommoditiesAndServices contextRef="D2009Q2" decimals="-5" unitRef="usd">3097300000</us-gaap:SalesRevenueFromEnergyCommoditiesAndServices>
  <us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2009Q2" decimals="INF" id="id_footnote_elem_13887543" unitRef="usdPerShare">0.24</us-gaap:CommonStockDividendsPerShareDeclared>
  <ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction contextRef="D2009Q2" decimals="-5" unitRef="usd">21600000</ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction>
  <ceg:MergerAndStrategicAlternativesCosts contextRef="D2009Q2" decimals="-5" unitRef="usd">4000000</ceg:MergerAndStrategicAlternativesCosts>
  <us-gaap:AssetImpairmentCharges contextRef="D2009Q2" decimals="-5" unitRef="usd">67200000</us-gaap:AssetImpairmentCharges>
  <ceg:MergerAndStrategicAlternativesCosts contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">46300000</ceg:MergerAndStrategicAlternativesCosts>
  <us-gaap:SeveranceCosts contextRef="D2009Q2" decimals="-5" unitRef="usd">400000</us-gaap:SeveranceCosts>
  <ceg:FixedCharges contextRef="D2008Q2" decimals="-5" id="id_footnote_elem_31947040" unitRef="usd">64900000</ceg:FixedCharges>
  <ceg:FixedCharges contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_30625227" unitRef="usd">136600000</ceg:FixedCharges>
  <ceg:NetIncomeLossAttributableToNoncontrollingInterestAndPreferredStockDividendsAndOtherAdjustments contextRef="D2008Q2" decimals="-5" id="id_footnote_elem_29297373" unitRef="usd">3500000</ceg:NetIncomeLossAttributableToNoncontrollingInterestAndPreferredStockDividendsAndOtherAdjustments>
  <ceg:NetIncomeLossAttributableToNoncontrollingInterestAndPreferredStockDividendsAndOtherAdjustments contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_9990071" unitRef="usd">7200000</ceg:NetIncomeLossAttributableToNoncontrollingInterestAndPreferredStockDividendsAndOtherAdjustments>
  <us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2009Q2YTD" decimals="INF" id="id_footnote_elem_15471117" unitRef="usdPerShare">0.48</us-gaap:CommonStockDividendsPerShareDeclared>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax contextRef="D2009Q2" decimals="-5" unitRef="usd">-399500000</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">-859400000</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax>
  <ceg:AccountsReceivableNetCurrentParent contextRef="I2008" decimals="-5" id="id_footnote_elem_28644100" unitRef="usd">3389900000</ceg:AccountsReceivableNetCurrentParent>
  <ceg:UnamortizedEnergyContractAssetsCurrent contextRef="I2008" decimals="-5" id="id_footnote_elem_31273344" unitRef="usd">81300000</ceg:UnamortizedEnergyContractAssetsCurrent>
  <ceg:UnamortizedEnergyContractAssetsNoncurrent contextRef="I2008" decimals="-5" id="id_footnote_elem_31911190" unitRef="usd">173100000</ceg:UnamortizedEnergyContractAssetsNoncurrent>
  <ceg:InvestmentsAndOtherNoncurrentAssets contextRef="I2008" decimals="-5" id="id_footnote_elem_27541357" unitRef="usd">3372800000</ceg:InvestmentsAndOtherNoncurrentAssets>
  <ceg:UnamortizedEnergyContractLiabilitiesCurrent contextRef="I2008" decimals="-5" id="id_footnote_elem_23060244" unitRef="usd">393500000</ceg:UnamortizedEnergyContractLiabilitiesCurrent>
  <ceg:UnamortizedEnergyContractLiabilitiesNoncurrent contextRef="I2008" decimals="-5" id="id_footnote_elem_11653793" unitRef="usd">906400000</ceg:UnamortizedEnergyContractLiabilitiesNoncurrent>
  <ceg:DefinedBenefitObligations contextRef="I2008" decimals="-5" id="id_footnote_elem_32828431" unitRef="usd">1354300000</ceg:DefinedBenefitObligations>
  <ceg:DeferredCreditsAndOtherNoncurrentLiabilities contextRef="I2008" decimals="-5" id="id_footnote_elem_27417412" unitRef="usd">5333700000</ceg:DeferredCreditsAndOtherNoncurrentLiabilities>
  <ceg:CommonShareholdersEquity contextRef="I2008" decimals="-5" id="id_footnote_elem_30009690" unitRef="usd">3181400000</ceg:CommonShareholdersEquity>
  <us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="I2009Q2" decimals="-5" unitRef="usd">260200000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
  <ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction contextRef="D2008Q2" decimals="-5" id="id_footnote_elem_25462320" unitRef="usd">8600000</ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction>
  <ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_16070113" unitRef="usd">15700000</ceg:InterestCapitalizedAndAllowanceForBorrowedFundsUsedDuringConstruction>
  <ceg:OtherCashAndNoncashChangesInOperatingActivities contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_4361587" unitRef="usd">-6200000</ceg:OtherCashAndNoncashChangesInOperatingActivities>
  <ceg:AmortizationOfNuclearFuel contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_11835846" unitRef="usd">59100000</ceg:AmortizationOfNuclearFuel>
  <ceg:DefinedBenefitPlanExpenses contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_21064614" unitRef="usd">55500000</ceg:DefinedBenefitPlanExpenses>
  <ceg:DefinedBenefitObligationPayments contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_15193134" unitRef="usd">100300000</ceg:DefinedBenefitObligationPayments>
  <ceg:ImpairmentLossesOnNuclearDecommissioningTrustAssets contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_2530368" unitRef="usd">12500000</ceg:ImpairmentLossesOnNuclearDecommissioningTrustAssets>
  <ceg:MergerTerminationAndStrategicAlternativesCostsCashFlowImpact contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">37200000</ceg:MergerTerminationAndStrategicAlternativesCostsCashFlowImpact>
  <ceg:DisposalGroupNotDiscontinuedOperationGainLossOnDisposalCashFlowImpact contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_30791458" unitRef="usd">99200000</ceg:DisposalGroupNotDiscontinuedOperationGainLossOnDisposalCashFlowImpact>
  <ceg:DerivativeContractsClassifiedAsFinancingActivitiesOperatingActivitiesImpact contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_23402534" unitRef="usd">500000</ceg:DerivativeContractsClassifiedAsFinancingActivitiesOperatingActivitiesImpact>
  <ceg:IncreaseDecreaseInAccountsReceivableExcludingMargin contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_12548992" unitRef="usd">521700000</ceg:IncreaseDecreaseInAccountsReceivableExcludingMargin>
  <ceg:IncreaseDecreaseInDerivativeAssetsAndLiabilities contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_3897483" unitRef="usd">700600000</ceg:IncreaseDecreaseInDerivativeAssetsAndLiabilities>
  <ceg:AssetAcquisitionsAndBusinessCombinationsNetOfCashAcquired contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_33469213" unitRef="usd">312400000</ceg:AssetAcquisitionsAndBusinessCombinationsNetOfCashAcquired>
  <ceg:InvestmentsInNuclearDecommissioningTrustFundSecurities contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_23242950" unitRef="usd">282700000</ceg:InvestmentsInNuclearDecommissioningTrustFundSecurities>
  <ceg:ProceedsFromNuclearDecommissioningTrustFundSecurities contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_31285826" unitRef="usd">264000000</ceg:ProceedsFromNuclearDecommissioningTrustFundSecurities>
  <ceg:PaymentsForContractAndPortfolioAcquistions contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">2153700000</ceg:PaymentsForContractAndPortfolioAcquistions>
  <ceg:ProceedsFromContractAndPortfolioAcquisitions contextRef="D2009Q2YTD" decimals="-5" unitRef="usd">2243100000</ceg:ProceedsFromContractAndPortfolioAcquisitions>
  <dei:DocumentType contextRef="D2009Q2YTD">10-Q</dei:DocumentType>
  <ceg:DerivativeContractsClassifiedAsFinancingActivityFinancingActivitiesImpact contextRef="D2008Q2YTD" decimals="-5" id="id_footnote_elem_7490678" unitRef="usd">-500000</ceg:DerivativeContractsClassifiedAsFinancingActivityFinancingActivitiesImpact>
  <ceg:OtherEventsTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Investment Agreement with EDF
Group &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On December&amp;nbsp;17, 2008, we entered
into an Investment Agreement with EDF Group and related entities (EDF) under
which EDF will purchase from us a 49.99% membership interest in our nuclear
generation and operation business for $4.5&amp;nbsp;billion (subject to certain
adjustments). We discuss the Investment Agreement with EDF in more detail in
&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;I&gt;Note&amp;nbsp;15&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; of our 2008 Annual
Report on Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</ceg:OtherEventsTextBlock>
  <ceg:MergerAndStrategicAlternativeCostsTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Merger Termination and Strategic
Alternatives Costs &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We incurred costs during the quarter
and six months ended June&amp;nbsp;30, 2009 related to the terminated merger
agreement with MidAmerican Energy Holdings Company (MidAmerican), the conversion
of our Series&amp;nbsp;A Preferred Stock, the transactions related to EDF, and other
strategic alternatives costs. These costs totaled $4.0&amp;nbsp;million pre-tax and
$46.3&amp;nbsp;million pre-tax for the quarter and six months ended June&amp;nbsp;30,
2009, respectively, and primarily relate to the first quarter of 2009 write-off
of the unamortized debt discount associated with the 14% Senior Notes (Senior
Notes) that were repaid in full to MidAmerican in January 2009.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</ceg:MergerAndStrategicAlternativeCostsTextBlock>
  <ceg:ImpairmentsTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Impairment Losses and Other Costs
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Available for Sale
Securities&lt;/U&gt; &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We evaluated certain of our
investments in equity securities during the six months ended June&amp;nbsp;30, 2009.
The investments we evaluated included our nuclear decommissioning trust fund
assets and other marketable securities. We record an impairment charge if an
investment has experienced a decline in fair value to a level less than our
carrying value and the decline is "other than temporary." &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In making this
determination, we evaluate the reasons for an investment's decline in value, the
extent and duration of that decline, and factors that indicate whether and when
the value will recover. For securities held in our nuclear decommissioning trust
fund for which the market value is below book value, the decline in fair value
is considered other than temporary and we write them down to fair value. We
discuss our impairment policy for our nuclear decommissioning trust fund assets
and other marketable securities in more detail in &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;Note&amp;nbsp;1&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; to our 2008 Annual Report on
Form&amp;nbsp;10-K. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The fair values of
certain of our marketable securities and certain of the securities held in our
nuclear decommissioning trust fund declined below book value. As a result, we
recorded a $1.9&amp;nbsp;million pre-tax impairment charge for the quarter ended
June&amp;nbsp;30, 2009 and a $62.4&amp;nbsp;million pre-tax impairment charge for the
six months ended June&amp;nbsp;30, 2009 for our nuclear decommissioning trust fund
assets in the "Other income (expense)" line in our Consolidated Statements of
Income (Loss). In addition, we recorded all other changes in the fair value of
our nuclear decommissioning trust fund assets that are not impaired in other
comprehensive (loss) income. We also recorded an impairment charge of
$0.5&amp;nbsp;million for other marketable securities during the six months ended
June&amp;nbsp;30, 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The estimates we utilize
in evaluating impairment of our available for sale securities require judgment
and the evaluation of economic and other factors that are subject to variation,
and the impact of such variations could be material. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=3,FOLIO='13',FILE='DISK108:[09ZBZ1.09ZBZ44501]EA44501A.;20',USER='CGONCE',CD=';7-AUG-2009;08:36' --&gt;&lt;A
name=page_xxx44501_1_14&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Equity Method Investments&lt;/U&gt;
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Shipping Joint Venture&lt;/U&gt;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;We record an impairment if an equity
method investment has experienced a decline in fair value to a level less than
our carrying value and the decline is "other than temporary." During the quarter
ended June&amp;nbsp;30, 2009, we contemplated several potential courses of action
together with our partner relating to the strategic direction of our shipping
joint venture and our continuing involvement. This led to a decision to explore
a plan to sell our 50% interest to a party related to our joint venture partner
for negligible proceeds. During July 2009, a definitive purchase and sale
agreement was executed between the parties and we expect the transaction to
close in the third quarter of 2009. Upon completion, we will have no further
continuing involvement associated with the activities of the joint venture.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As a result of the events
that occurred during the second quarter of 2009, it became apparent that a
decline in fair value to a level below the carrying value existed and that this
decline was "other than temporary." As such, we recorded a pre-tax impairment
charge of $59.0&amp;nbsp;million associated with our equity investment in our
shipping joint venture within the "Impairment losses and other costs" line in
our Consolidated Statements of Income (Loss), and reported the charge in our
merchant energy business results for the second quarter of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;Constellation Energy Partners
LLC&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of March&amp;nbsp;31, 2009, the fair
value of our investment in Constellation Energy Partners&amp;nbsp;LLC (CEP) based
upon its closing unit price was $10.0&amp;nbsp;million, which was lower than its
carrying value of $24.0&amp;nbsp;million. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The decline in fair value
of our investment in CEP reflected a number of other factors, including:
&lt;/FONT&gt;&lt;/P&gt;
&lt;UL&gt;
  &lt;DL compact&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;continuing difficulties in the
    financial and credit markets in the United States, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;decreases in the market price of
    natural gas and oil, &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;the effect of these factors on
    market perceptions of gas exploration and production master limited
    partnerships, and &lt;/FONT&gt;
    &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
    &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;factors related to Constellation
    Energy's financial condition and possible sale of its investment in CEP.
    &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/UL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT
size=2&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As a result of evaluating
these factors, we determined that the decline in the value of our investment is
other than temporary. Therefore, we recorded a $14.0&amp;nbsp;million pre-tax
impairment charge at March&amp;nbsp;31, 2009 to write-down our investment to fair
value. We recorded this charge in "Impairment losses and other costs" in our
Consolidated Statements of Income (Loss). We did not record an impairment charge
in the second quarter of 2009. To the extent that the market price of our
investment declines further in future quarters, we may record additional
write-downs if we determine that those additional declines are other than
temporary. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;&lt;U&gt;Other Costs&lt;/U&gt; &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;During the quarter and six months
ended June&amp;nbsp;30, 2009, we recorded $8.2&amp;nbsp;million and $22.3&amp;nbsp;million
pre-tax charges, respectively, in the "Impairment losses and other costs" line
in our Consolidated Statements of Income (Loss) primarily related to certain
long-lived assets that ceased to be used in connection with the divestiture of a
majority of our international commodities operation and our Houston-based gas
trading operation as well as the write-off of an uncollectible advance to an
affiliate. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</ceg:ImpairmentsTextBlock>
  <ceg:TaxesOtherThanIncomeTaxesTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.6000.16825" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=3&gt;&lt;B&gt;Taxes Other Than Income Taxes
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;BGE collects from certain customers
franchise and other taxes that are levied by state or local governments on the
sale or distribution of gas and electricity. We include these types of taxes in
"Taxes other than income taxes" in our Consolidated Statements of Income (Loss).
Some of these taxes are imposed on the customer and others are imposed on BGE.
We account for the taxes imposed on the customer on a net basis, which means we
do not recognize revenue and an offsetting tax expense for the taxes collected
from customers. We account for the taxes imposed on BGE on a gross basis, which
means we recognize revenue for the taxes collected from customers. Accordingly,
we record the taxes accounted for on a gross basis as revenues in the
accompanying Consolidated Statements of Income (Loss) for BGE as follows:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=72&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=13&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=26&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Quarter
      Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
    size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;2008&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;I&gt;(In
      millions)&lt;/I&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Taxes other than income taxes included in
      revenues&amp;#151;BGE&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;18.5&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;14.3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;40.1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;35.2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</ceg:TaxesOtherThanIncomeTaxesTextBlock>
  <dei:EntityCommonStockSharesOutstanding contextRef="I2009Q2SO" decimals="INF" unitRef="shares">200630389</dei:EntityCommonStockSharesOutstanding>
  <us-gaap:CommitmentsAndContingencies2009 contextRef="D2008" xsi:nil="true" />
  <us-gaap:ElectricDomesticRegulatedRevenue contextRef="D2009Q2" decimals="-5" unitRef="usd">655700000</us-gaap:ElectricDomesticRegulatedRevenue>
  <us-gaap:GasDomesticRegulatedRevenue contextRef="D2009Q2" decimals="-5" unitRef="usd">111100000</us-gaap:GasDomesticRegulatedRevenue>
  <us-gaap:Revenues contextRef="D2009Q2" decimals="-5" unitRef="usd">3864100000</us-gaap:Revenues>
  <us-gaap:CostOfGoodsAndServicesEnergyCommoditiesAndServices contextRef="D2009Q2" decimals="-5" unitRef="usd">2631600000</us-gaap:CostOfGoodsAndServicesEnergyCommoditiesAndServices>
  <us-gaap:OperatingExpenses contextRef="D2009Q2" decimals="-5" unitRef="usd">561200000</us-gaap:OperatingExpenses>
  <us-gaap:DepreciationAndAmortization contextRef="D2009Q2" decimals="-5" unitRef="usd">148900000</us-gaap:DepreciationAndAmortization>
  <us-gaap:AssetRetirementObligationAccretionExpense contextRef="D2009Q2" decimals="-5" unitRef="usd">18200000</us-gaap:AssetRetirementObligationAccretionExpense>
  <us-gaap:TaxesExcludingIncomeAndExciseTaxes contextRef="D2009Q2" decimals="-5" unitRef="usd">72400000</us-gaap:TaxesExcludingIncomeAndExciseTaxes>
  <us-gaap:CostsAndExpenses contextRef="D2009Q2" decimals="-5" unitRef="usd">3503900000</us-gaap:CostsAndExpenses>
  <us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal contextRef="D2009Q2" decimals="-5" unitRef="usd">-129600000</us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal>
  <us-gaap:OperatingIncomeLoss contextRef="D2009Q2" decimals="-5" unitRef="usd">230600000</us-gaap:OperatingIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense contextRef="D2009Q2" decimals="-5" unitRef="usd">12100000</us-gaap:NonoperatingIncomeExpense>
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</xbrli:xbrl>