<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>11
<FILENAME>exhibita9.txt
<DESCRIPTION>EXHIBIT A-9
<TEXT>

<TABLE>

                                                                                                                      Exhibit A-9
                                                                                                                      (Unaudited)


                                              Nicor Energy Ventures Company
                                        Consolidating Statement of Retained Earnings
                                          For The Year Ended December 31, 2003
                                                      (Millions)
<CAPTION>

                                             Nicor Energy  Nicor         Nicor Energy                Adjustments
                                             Ventures      Enerchange    Services         Other         and
                                             Company       L.L.C.        Company       Subsidiaries  Eliminations  Consolidated
                                             ------------  ------------  ------------  ------------  ------------  ------------
<S>                                          <C>           <C>           <C>           <C>           <C>           <C>

   Balance at beginning of year              $       5.4   $      10.2   $       2.4   $     (12.6)  $         -   $       5.4

   Net income (loss)                                 5.1          (3.8)          3.0           5.9          (5.3)          4.9

   Dividends declared                                  -             -          (2.6)         (0.9)          3.5          -
                                             ------------  ------------  ------------  ------------  ------------  ------------
   Balance at end of year                    $      10.5   $       6.4   $       2.8   $      (7.6)  $      (1.8)  $      10.3
                                             ============  ============  ============  ============  ============  ============

<FN>

 Note:  Subsidiaries combined under "Other Operating Subsidiaries" in Exhibits A-1 through A-3, together with subsidiaries combined
         under "Other Subsidiaries" in Exhibits A-4 through A-9, aggregate less than 2% of Nicor Inc. consolidated assets or
         consolidated revenue.
</FN>

</TABLE>


</TEXT>
</DOCUMENT>