EX-99.1 2 0002.txt EX. L-1 EXHIBIT L-1 MARKET SHARES FOR ELECTRIC COMPANIES IN THE UNITED STATES SORTED BY ELECTRIC REVENUES 1998 ELECTRIC REVENUES SHARE OF RANK COMPANY NAME ($000s) TOTAL ---- ------------ -------- -------- 1 AEP and C&SW Combined (Pro Forma) $10,044,103 4.88% 2 Southern Company $9,762,569 4.75% 3 PG&E Corporation $8,924,000 4.34% 4 Edison International $8,847,000 4.30% 5 Unicorn Corporation $7,151,253 3.48% 6 Texas Utilities Company $6,556,103 3.19% 7 FPL Group, inc. $6,365,829 3.09% 8 Entergy Corporation $6,136,322 2.98% 9 Consolidated Edison, Inc. $5,674,446 2.76% 10 XCEL ENERGY (PRO FORMA) $5,338,679 2.59% 11 FirstEnergy Corp. $5,263,756 2.56% 12 PECO Energy Company $4,810,840 2.34% 13 CINergy Corp. $4,747,235 2.31% 14 Duke Energy Corporation $4,586,000 2.23% 15 Reliant Energy, Incorporated $4,350,275 2.11% 16 Dominion Resources, Inc. $4,284,600 2.08% 17 Northeast Utilities $4,257,069 2.07% 18 Public Service Enterprise Group Inc $4,031,000 1.96% 19 GPU, Inc. $4,028,339 1.96% 20 DTE Energy Company $3,860,517 1.88% 21 Niagara Mohawk Holdings, Inc. $3,390,501 1.65% 22 Carolina Power &Light Company $3,130,045 1.52% 23 Ameren Corporation $3,094,211 1.50% 24 CMS Energy Corporation $2,883,000 1.40% 25 NEW CENTURY ENERGIES, INC. $2,697,486 1.31% 26 Florida Progress Corporation $2,648,200 1.29% 27 NORTHERN STATES POWER COMPANY $2,641,193 1.28% 28 Allegheny Energy, Inc. $2,576,436 1.25% 29 MidAmerican Energy Hldgs-CalEnergy $2,555,206 1.24% 30 Energy East Corporation $2,499,418 1.21% 31 PPL Corporation $2,410,000 1.17% 32 NSTAR $2,341,823 1.14% 33 Constellation Energy Group, Inc. $2,219,200 1.08% 34 Conectiv $2,203,748 1.07% 35 Pinnacle West Capital Corporation $2,006,398 0.98% 36 Potomac Electric Power Company $1,886,100 0.92% 37 Sempra Energy $1,865,000 0.91% 38 l1linova Corporation $1,781,400 0.87% 39 Dynegy Inc. $1,781,388 0.87% 40 Wisconsin Energy Corporation $1,663,632 0.81% 41 Western Resources, Inc. $1,612,959 0.78% 42 Alliant Energy Corporation $1,567,442 0.76% 43 New England Electric System $1,490,417 0.72% 44 Puget Sound Energy, Inc. $1,475,208 0.72% 45 LG&E Energy Corp. $1,438,824 0.70% 46 NiSource Inc. $1,429,986 0.70% 1 47 TECO Energy, Inc. $1,327,814 0.65% 48 OGE Energy Corp. $1,312,078 0.64% 49 KeySpan Corporation $1,293,998 0.63% 50 SCANA Corporation $1,220,000 0.59% 51 DQE $1,126,789 0.55% 52 DPL Inc. $1,070,700 0.52% 53 Hawaiian Electric Industries, Inc. $1,016,283 0.49% 54 Kansas City Power &Light Company $938,941 0.46% 55 CMP Group, Inc. $938,739 0.46% 56 Sierra Pacific Resources $873,682 0.42% 57 Avista Corporation $856,074 0.42% 58 Public Service Company -New Mexico $835,204 0.41% 59 IPALCO Enterprises, Inc. $785,835 0.38% 60 Eastern Utilities Associates $773,943 0.38% 61 RGS Energy Group, Inc. $687,970 0.33% 62 United Illuminating Company $686,191 0.33% 63 UniSource Energy Corporation $625,407 0.30% 64 UtiliCorp United Inc. $616,526 0.30% 65 El Paso Electric Company $602,221 0.29% 66 TNP Enterprises, Inc. $586,445 0.29% 67 Minnesota Power, Inc. $559,900 0.27% 68 Montana Power Company $547,164 0.27% 69 WPS Resources Corporation $543,260 0.26% 70 Cleco Corporation $515,175 0.25% 71 IDACORP, Inc. $514,856 0.25% 72 CH Energy Group, Inc. $418,507 0.20% 73 CILCORP Inc. $360,009 0.17% 74 SIGCORP, Inc. $297,865 0.14% 75 Central Vermont Public Service Corp $297,662 0.14% 76 Empire District Electric Co. $238,801 0.12% 77 Otter Tail Power Company $227,477 0.11% 78 MDU Resources Group, Inc. $211,453 0.10% 79 Bangor Hydro-Electric Company $195,144 0.09% 80 Citizens Utilities Company $190,051 0.09% 81 Green Mountain Power Corporation $184,304 0.09% 82 Madison Gas and Electric Company $169,563 0.08% 83 Unitil Corporation $149,639 0.07% 84 Black Hills Corporation $129,236 0.06% 85 St. Joseph Light &Power Company $89,678 0.04% 86 Northwestern Corporation $78,415 0.04% 87 Maine Public Service Company $56,602 0.03% TOTAL I.O.U. ELECTRIC REVENUES $205,740,800 100.00% Based on Study Prepared by Navigant Consulting, Inc.