Actuals

Forecast

Estimated

2006

2007

2008

Revenue Receipts :

     Sale of Power, Use of Transmission Lines,

            Wheeling Charges and other receipts

$2,674.7

$2,804.1

$2,973.6

     Earnings on Investments and Time Deposits

$31.8

$42.5

$42.8

Total Revenues

$2,706.5

$2,846.6

$3,016.4

Expenses:

    Operation and Maintenance, including Transmission

            of Electricity by others, Purchased Power and

            Fuel Purchases

($2,306.1)

($2,572.0)

($2,571.9)

Debt Service :

     Interest on Bonds and Notes / Commercial Paper Paydown

($105.4)

($107.3)

($116.4)

     General Purpose Bonds Retired

($310.7)

($132.0)

($147.0)

     Notes Retired

($5.7)

($6.1)

($6.0)

Total Debt Service

($421.8)

($245.4)

($269.4)

Total Requirements

($2,727.9)

($2,817.4)

($2,841.3)

Net  Operations

($21.4)

$29.2

$175.1

Capital Receipts :

    Sale of Bonds, Promissory Notes & Commercial  Paper

$386.4

$600.6

$112.2

    Less : Repayments / Commercial Paper Paydown

($227.1)

($138.1)

($49.3)

    Earnings on Construction Funds

$4.9

$6.0

$8.5

    DSM Recovery Receipts

$58.0

$43.5

$60.7

    Other

$93.7

$93.7

$30.0

Total Capital Receipts

$315.9

$605.7

$162.1

Capital Additions & Refunds :

     Additions to Electric Plant in Service and

             Construction Work in Progress, and Other costs

($167.4)

($351.1)

($255.0)

     Construction Escrow

$101.9

($80.6)

$34.6

Total Capital Additions & Refunds

($65.5)

($431.7)

($220.4)

Net  Capital

$250.4

$174.0

($58.3)

Net Increase/(Decrease)

$229.0

$203.2

$116.8