Above-average Customer Growth Gas Gas Gas Electric Electric Electric Electric Gas 1996-2001 National average electric customer growth = 1.5%
Electric Utility: No Concentration of Industrial Customers YTD Sept 2002 at Sept 30 2002 Energy Sales $933 million Commercial 38% Residential 46% Industrial & Transportation 16% Number of Customers 952,000 customers Commercial 10% Residential 89% Industrial & Transportation 1%
Gas Utility: Highly Diversified Customer Base YTD Sept 2002 at Sept 30 2002 $525 million Energy Sales Residential 47% Industrial & Transportation 23% Commercial 28% 615,000 customers Number of Customers Residential 92% Commercial 8% Industrial & Transportation >1%
Low-cost Operations 33 U.S. combination gas/electric utilities reported 2001 Energy-Delivery Cost per Customer PSE $161 Industry Average $271
InfrastruX: Business Overview Provides gas and electric construction and maintenance services to the utility industry Since its formation in 2000, InfrastruX has acquired ten companies Geographic Footprint
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