Performance & HighlightsFive-Year Cumulative Total Return Comparison Chart

Financial Highlights

Year ended December 31
In millions of dollars, except per share amounts
2008 2009 2010
Revenues 11,322$ 8,281$ 8,785$
Operating Income 1,273 1,124 1,249
Net Income 446 372 442
Per Share of Common Stock      
Net Income, Basic
1.32 1.02 1.08
Net Income, Diluted
1.30 1.01 1.07
Book Value – Year End
5.84 6.74 7.53
Market Value – Year End
12.62 14.51 15.72
Common Dividend Declared 0.73 0.76 0.78
Capitalization      
Transition and System Restoration Bonds
(includes current portion)
2,589 3,046 2,805
Other Long-Term Debt
(includes current portion)
7,925 6,976 6,624
Common Stock Equity
(in thousands)
2,022 2,639 3,198
Total Capitalization
(includes current portion)
12,536 12,661 12,627
Total Assets 19,676 19,773 20,111
Capital Expenditures

1,053$ 1,148$ 1,462$
Common Stock Outstanding
(in thousands)
346,089 391,747 424,746
Number of Common Shareholders
(in actual numbers)
47,405 45,879 43,587
Number of Employees
(in actual numbers)
8,801 8,810 8,843


Operating Income by Business Chart

* Excludes securitization bonds

dollars in millions

Operating Income Year Over Year Chart

* Excludes securitization bonds

per share

Dividends Paid Chart

dollars in millions

Natural Gas Operating Income Chart

billion cubic feet

Pipelines: Annual Throughput Chart

billion cubic feet

Field Services: Annual Throughput Chart