Spreadsheet: tracy_geaccone__40499__NNG FIS 0801_WD9
Sheet: Sheet1

Northern Natural Gas
Functional Income Statement - 2001 (9th work day)
(thousands of dollars)
 |  |  |  | Jan | Feb | Mar |  | Apr | May | Jun |  | Jul | Aug | Sep |  | Oct | Nov | Dec |  | YTD
Commercial
 | Sales Margin |  |  | -21 | 0 | 0 |  | -3 | -1 | 0 |  | 1 | -4
 | Transportation & Compression |  |  | 58072 | 55852 | 56260 |  | 25252 | 23312 | 27357 |  | 25983 | 25686
 | Regulatory Assets Amort |  |  | -1488 | -1289 | -2635 |  | -910 | -605 | -701 |  | -678 | -726
 | Fuel Used in Operations |  |  | -83 | -48 | -31 |  | -35 | -44 | -37 |  | -2 | -22
 | Transport, Compress, & Storage |  |  | -2504 | -2268 | -2284 |  | -1773 | -1737 | -1731 |  | -1938 | -1788
 | Other Revenue |  |  | 364
 | O&M |  |  | -1235 | -479 | -1150 |  | -1739 | -791 | -607 |  | -1293 | -740
 | Payroll Taxes |  |  | -63 | -102 | -39 |  | -33 | -34 | -30 |  | -24 | -22
 | Other Income - Asset Sales |  |  | -267 | 260 | 8 |  | 0 | 0 | 553 |  | 0 | 0
 | Other Income - Speculative |  |  | 549 | 100 | 1 |  | 32 | 0 | 6 |  | 0 | 0
 | Other Income - Misc
 |  | Net Contribution
Market Services
 | O&M |  |  | -425 | -415 | -469 |  | -421 | -442 | -492 |  | -433 | -421
 | Payroll Taxes |  |  | -33 | -63 | -17 |  | -44 | -26 | -28 |  | -25 | -22
 |  | Net Contribution
Operations
 | O&M |  |  | -6153 | -6722 | -8104 |  | -6200 | -7405 | -7399 |  | -7329 | -6826
 | Payroll Taxes |  |  | -342 | -459 | -269 |  | -247 | -249 | -262 |  | -253 | -242
 | Other Income - Phys. Inv. Adjust. |  |  | 0 | 0 | 0 |  | -1 | -8 | -1 |  | 0 | -16
 |  | Net Contribution
Finance Accounting & Administration
 | DD&A
 | Ad Valorem Tax |  |  | -2284 | -2284 | -2284 |  | -2284 | -2284 | -2284 |  | -2284 | -2284
 | Other Franchise/Misc |  |  | -79 | -66 | -8 |  | -29 | -15 | -28 |  | -4 | -25
 | O&M |  |  |  |  |  |  |  | -2180 | -2753 |  | -2704 | -2762
 | Payroll Taxes |  |  | -122 | -138 | -31 |  | -34 | -40 | -16 |  | -20 | -24
 | Other Income
 | FI/CO Reconcilation of Payroll Taxes |  |  | 93 | 46 | 0 |  | -10 | -14 | 13 |  | -11 | -20
 |  | Net Contribution
IT
 | O&M |  |  | -960 | -1073 | -1461 |  | -539 | -992 | -1155 |  | -1313 | -1079
 | Payroll Taxes |  |  | -46 | -95 | -36 |  | -27 | -31 | -72 |  | -37 | -32
 | Other Revenue - Lucent Credit |  |  | 0 | 513 | 256 |  | 256 | 256 | 256 |  | 256 | 256
 | DD&A - Lucent |  |  | -96 | -96 | -95.83333333333333 |  | -96 | -96 | -96 |  | -96 | -96
 |  | Net Contribution
Legal
 | O&M |  |  | -50 | -117 | -157 |  | -103 | -86 | -342 |  | -242 | -250
 | Payroll Taxes |  |  | -12 | -21 | -4 |  | 1 | -2 | -3 |  | -5 | -5
 |  | Net Contribution
HR
 | O&M |  |  | -110 | -140 | -128 |  | -86 | -102 | -132 |  | -102 | -109
 | Payroll Taxes |  |  | -13 | -11 | -11 |  | -1 | -4 | -5 |  | -5 | -5
 |  | Net Contribution
Executive
 | O&M |  |  | -618 | -474 | -525 |  | -232 | -387 | -612 |  | 340 | -86
 | Payroll Taxes |  |  | -6 | -9 | -8 |  | -2 | -6 | -6 |  | -5 | -5
 |  | Net Contribution
Income NNG Only
[NAME]
 | [NAME] |  |  | 525 | 329 | 313 |  | 1285 | 317 | 437 |  | 335 | 270
 | Fair Value Adjustment |  |  | -28 | -28 | -28 |  | -28 | -28 | -28 |  | -28 | -28
 |  | Net Contribution
Income before Interest and Taxes
AFUDC |  |  |  | 3 | 13 | 8 |  | 13 | 15
Intercompany Interest Income/(expense) |  |  |  | 0 | 0 | 4363 |  | 1463 | 1288
Interest |  |  |  | -957 | -938 | -990 |  | -971 | -964
Pretax Income
 | Income Taxes |  |  | -13395 | -13059 | -12352
Net Income Before Financing
 | Financing |  |  | -1245 | -1247 | -1246 |  | -1246 | -1246
Net Income