PG&E 2010 Annual Report Download - page 64
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CONSOLIDATED STATEMENTS OF INCOME
Pacific Gas and Electric Company
Year ended December 31,
(in millions) 2010 2009 2008
Operating Revenues
Electric $ 10,644 $ 10,257 $ 10,738
Natural gas 3,196 3,142 3,890
Total operating revenues 13,840 13,399 14,628
Operating Expenses
Cost of electricity 3,898 3,711 4,425
Cost of natural gas 1,291 1,291 2,090
Operating and maintenance 4,432 4,343 4,197
Depreciation, amortization, and decommissioning 1,905 1,752 1,650
Total operating expenses 11,526 11,097 12,362
Operating Income 2,314 2,302 2,266
Interest income 933 91
Interest expense (650) (662) (698)
Other income, net 22 59 28
Income Before Income Taxes 1,695 1,732 1,687
Income tax provision 574 482 488
Net Income 1,121 1,250 1,199
Preferred stock dividend requirement 14 14 14
Income Available for Common Stock $ 1,107 $ 1,236 $ 1,185
See accompanying Notes to the Consolidated Financial Statements.
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