EXHIBIT 99



TXU US HOLDINGS COMPANY AND SUBSIDIARIES

CONDENSED STATEMENT OF CONSOLIDATED INCOME

(Unaudited)



|                                                                                                                                  |  |                                   |       |  
|--------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------- | ----- | -
|                                                                                                                                  |  | Twelve Months EndedMarch 31, 2005 |      
|                                                                                                                                  |  | (millions of dollars)             |      
|Operating revenues                                                                                                                |  | $                                 | 9,206 |  
|                                                                                                                                  | 
|Costs and expenses:                                                                                                               |  |                                   |       |  
|Cost of energy sold and delivery fees                                                                                             |  |                                   | 3,677 |  
|Operating costs                                                                                                                   |  |                                   | 1,424 |  
|Depreciation and amortization                                                                                                     |  |                                   | 738   |  
|Selling, general and administrative expenses                                                                                      |  |                                   | 855   |  
|Franchise and revenue-based taxes                                                                                                 |  |                                   | 365   |  
|Other income                                                                                                                      |  |                                   | (156  | )
|Other deductions                                                                                                                  |  |                                   | 650   |  
|Interest income                                                                                                                   |  |                                   | (52   | )
|Interest expense and related charges                                                                                              |  |                                   | 598   |  
|                                                                                                                                  |  |                                   |       |  
|Total costs and expenses                                                                                                          |  |                                   | 8,099 |  
|                                                                                                                                  |  |                                   |       |  
|Income from continuing operations before income taxes, extraordinary gain and cumulative effect of change in accounting
principle |  |                                   | 1,107 |  
|                                                                                                                                  | 
|Income tax expense                                                                                                                |  |                                   | 330   |  
|                                                                                                                                  |  |                                   |       |  
|Income from continuing operations before extraordinary gain and cumulative effect of change in accounting principle               |  |                                   | 777   |  
|                                                                                                                                  | 
|Loss from discontinued operations, net of tax benefit                                                                             |  |                                   | (33   | )
|                                                                                                                                  | 
|Extraordinary gain, net of tax effect                                                                                             |  |                                   | 16    |  
|                                                                                                                                  | 
|Cumulative effect of change in accounting principle, net of tax effect                                                            |  |                                   | 6     |  
|                                                                                                                                  |  |                                   |       |  
|Net income                                                                                                                        |  |                                   | 766   |  
|                                                                                                                                  | 
|Preferred stock dividends                                                                                                         |  |                                   | 2     |  
|                                                                                                                                  |  |                                   |       |  
|Net income available for common stock                                                                                             |  | $                                 | 764   |  
|                                                                                                                                  |  |                                   |       |