EX-2
from U-3A-2
1 page
<table> Wisconsin Public Service Corporation and Subsidiary Consolidating Statement of Income for the Year Ended December 31, 1994 <caption> Wisonsin Public Wps Service Leasing, Elimination Consolidated Corporation Inc. Debit Credit Income (Thousands) <s> <c> <c> <c> <c> <c> Operating Revenues: Electric $480,816 -- $480,816 Gas 182,058 -- 182,058 Other -- 3 3 0 662,874 3 662,874 Operating Expenses: Operation - Electric Production Fuels 111,014 -- 3 111,011 Purchased Power 38,631 -- 38,631 Gas Purchased for Resale 126,351 -- 126,351 Other 148,368 14 148,382 Maintenance 49,983 -- 49,983 Depreciation and Decommissioning 56,364 1 56,365 Taxes - Federal Income 24,087 (5) 24,082 Investment Credit Restored (2,038) -- (2,038) State Income 7,769 (1) 7,768 Gross Receipts and Other 26,063 -- 26,063 586,592 9 586,598 Operating Income 76,282 (6) 76,276 Other Income and (Deductions): Allowance for Equity Funds Used During Construction 108 -- 108 Other, Net 4,747 -- 3 4,750 Income Taxes (234) -- 6 (228) 4,621 0 4,630 Income Before Interest Expense 80,903 (6) 80,906 Interest Expense: Interest on Long-Term Debt 23,407 3 23,410 Allowance for Borrowed Funds Used During Construction (139) -- (139) Other Interest 1,793 -- 1,793 25,061 3 25,064 Net Income 55,842 (9) 55,842 Preferred Stock Dividend Requirements 3,111 -- 3,111 Earnings on Common Stock $52,731 ($9) $52,731 ======== ======= ======== Average Number of Shares of Common Stock Outstanding (Thousands) 23,897 Earnings Per Average Share of Common Stock $2.21 Dividends Per Share of Common Stock $1.80 </Table>
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