EX-99 6 cngex99.htm CNG EXHIBIT 99 PAGE 3

Exhibit 99


CONSOLIDATED NATURAL GAS COMPANY

CONDENSED CONSOLIDATED EARNINGS STATEMENT
(Unaudited)

 

 

Twelve Months
Ended
March 31, 2004
(millions)

Operating Revenue

$5,667 

Operating Expenses

  4,395 

Income from operations

1,272 

Other income (loss)

(4) 

Interest and related charges

     156 

Income before income taxes

1,112 

Income taxes

     404 

Income before cumulative effect of a change in
     accounting principle


708 

Cumulative effect of a change in accounting principle
     (net of income taxes of $5)


       (6)

Net income

$   702 

The condensed consolidated earnings statement for the twelve months ended March 31, 2004 reflects the adoption of a new accounting standard, effective December 31, 2003, FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities, for its interests in special purpose entities.