from U-3A-2
1 page
Southwest Gas Corporation Black Mountain Gas Combining Statement of Income Year Ended December 31, 2003 (Thousands of Dollars) Southwest Gas Black Mountain Total Corporation Gas (Gas Operations) Operating Revenues Natural Gas Operating Revenues $ 1,034,353 $ - $1,034,353 Propane Gas - 2,083 (1) 2,083 Operating Revenues Other - - - Total Operating Revenues $ 1,034,353 $ 2,083 $1,036,436 Operating Expenses Net Cost of Natural Gas/Propane Sold 482,503 951 483,454 Operations and Maintenance 266,862 645 267,507 Depreciation and Amortization 120,791 161 120,952 Taxes Other Than Income Taxes 35,910 67 35,977 Other - - - Total Operating Expense 906,066 1,818 907,890 Operating Income 128,287 265 128,546 <page> Other Income and (Expenses) Net Interest Deductions (76,251) (6) (76,257) Preferred Securities Distributions (4,180) - (4,180) Other Income 2,955 3 2,958 Net Interest Deductions on Subordinated Debentures (2,680) (2,680) Total Other Income and (Expenses) (80,156) (3) (80,159) Income Before Income Taxes 48,131 262 48,387 Income Tax Expense 13,920 6 13,926 Net Income $ 34,211 $ 256 $ 34,461 (1) Propane Gas Operating Revenues of $2,083,000 Is Comprised of Regulated Propane Revenues of $1,376,000 and Non-Regulated Propane Revenues of $707,000. Prepared By: Property Accounting U:\acctshr1\corpdev\xcel Energy\public Utility Holding Company Act Filing for 2003.xls\incomestatement Date Rinted: 11/2/2004 12:24 Pm
