PG&E 2008 Annual Report Download - page 90

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88
Year ended December 31,
(in millions) 2008 2007 2006
Operating Revenues
Electric $10,738 $ 9,481 $ 8,752
Natural gas 3,890 3,757 3,787
Total operating revenues 14,628 13,238 12,539
Operating Expenses
Cost of electricity 4,425 3,437 2,922
Cost of natural gas 2,090 2,035 2,097
Operating and maintenance 4,197 3,872 3,697
Depreciation, amortization, and decommissioning 1,650 1,769 1,708
Total operating expenses 12,362 11,113 10,424
Operating Income 2,266 2,125 2,115
Interest income 91 150 175
Interest expense (698) (732) (710)
Other income, net 28 52 7
Income Before Income Taxes 1,687 1,595 1,587
Income tax provision 488 571 602
Net Income 1,199 1,024 985
Preferred stock dividend requirement 14 14 14
Income Available for Common Stock $ 1,185 $ 1,010 $ 971
CONSOLIDATED STATEMENTS OF INCOME
Paciļ¬ c Gas and Electric Company
See accompanying Notes to the Consolidated Financial Statements.