EXHIBIT 99



TXU CORP. AND SUBSIDIARIES

CONDENSED STATEMENTS OF CONSOLIDATED INCOME

(Unaudited)



|                                                                                                                                    |  |                                               |       |  
|----------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------- | ----- | -
|                                                                                                                                    |  | Twelve Months Ended March 31, 2005            |      
|                                                                                                                                    | 
|                                                                                                                                    |  | (millions of dollars,except per shareamounts) |      
|Operating revenues                                                                                                                  |  | $                                             | 9,217 |  
|Costs and expenses:                                                                                                                 |  |                                               |       |  
|Cost of energy sold and delivery fees                                                                                               |  |                                               | 3,686 |  
|Operating costs                                                                                                                     |  |                                               | 1,421 |  
|Depreciation and amortization                                                                                                       |  |                                               | 757   |  
|Selling, general and administrative expenses                                                                                        |  |                                               | 1,043 |  
|Franchise and revenue-based taxes                                                                                                   |  |                                               | 367   |  
|Other income                                                                                                                        |  |                                               | (189  | )
|Other deductions                                                                                                                    |  |                                               | 1,156 |  
|Interest income                                                                                                                     |  |                                               | (43   | )
|Interest expense and related charges                                                                                                |  |                                               | 706   |  
|                                                                                                                                    |  |                                               |       |  
|Total costs and expenses                                                                                                            |  |                                               | 8,904 |  
|                                                                                                                                    |  |                                               |       |  
|Income from continuing operations before income taxes, extraordinary gain and cumulative effect of changes in accounting
principles |  |                                               | 313   |  
|Income tax benefit                                                                                                                  |  |                                               | (45   | )
|                                                                                                                                    |  |                                               |       |  
|Income from continuing operations before extraordinary gain and cumulative effect of changes in accounting principles               |  |                                               | 358   |  
|Income from discontinued operations, net of tax effect                                                                              |  |                                               | 344   |  
|Extraordinary gain, net of tax effect                                                                                               |  |                                               | 16    |  
|Cumulative effect of changes in accounting principles, net of tax effect                                                            |  |                                               | 10    |  
|                                                                                                                                    |  |                                               |       |  
|Net income                                                                                                                          |  |                                               | 728   |  
|Exchangeable preferred membership interest buyback premium                                                                          |  |                                               | 849   |  
|Preference stock dividends                                                                                                          |  |                                               | 22    |  
|                                                                                                                                    |  |                                               |       |  
|Net income available for common stock                                                                                               |  | $                                             | (143  | )
|                                                                                                                                    |  |                                               |       |  
|Average shares of common stock outstanding (millions):                                                                              |  |                                               |       |  
|Basic                                                                                                                               |  |                                               | 280   |  
|Diluted                                                                                                                             |  |                                               | 275   |  
|Per share of common stock - Basic:                                                                                                  |  |                                               |       |  
|Income from continuing operations before extraordinary gain and cumulative effect of changes in accounting principles               |  | $                                             | 1.28  |  
|Exchangeable preferred membership interest buyback premium                                                                          |  |                                               | (3.03 | )
|Preference stock dividends                                                                                                          |  |                                               | (0.08 | )
|Net loss from continuing operations available for common stock                                                                      |  |                                               | (1.83 | )
|Income from discontinued operations, net of tax effect                                                                              |  |                                               | 1.23  |  
|Extraordinary gain, net of tax effect                                                                                               |  |                                               | 0.06  |  
|Cumulative effect of changes in accounting principles, net of tax effect                                                            |  |                                               | 0.03  |  
|Net loss available for common stock                                                                                                 |  |                                               | (0.51 | )
|Per share of common stock - Diluted:                                                                                                |  |                                               |       |  
|Loss from continuing operations before extraordinary gain and cumulative effect of changes in accounting principles                 |  |                                               | (0.38 | )
|Exchangeable preferred membership interest buyback premium                                                                          |  |                                               | (3.09 | )
|Preference stock dividends                                                                                                          |  |                                               | (0.08 | )
|Net loss from continuing operations available for common stock                                                                      |  |                                               | (3.55 | )
|Income from discontinued operations, net of tax effect                                                                              |  |                                               | 1.25  |  
|Extraordinary gain, net of tax effect                                                                                               |  |                                               | 0.06  |  
|Cumulative effect of changes in accounting principles, net of tax effect                                                            |  |                                               | 0.04  |  
|Net loss available for common stock                                                                                                 |  |                                               | (2.20 | )
|Dividends declared                                                                                                                  |  |                                               | 1.376 |