Edison International Reports Second-Quarter Financial Results

-- Edison International (NYSE:EIX) recorded earnings per common share of 54 cents in the second quarter of 2006 compared to 61 cents in 2005, down 7 cents primarily due to non-core items.

-- Excluding earnings from discontinued operations and other non-core items, core earnings per share were 55 cents in the second quarter of 2006, up one cent over the same period last year. This increase was primarily driven by improved results from the independent power business, partially offset by gains recorded in 2005 from an Edison Capital infrastructure fund investment.

Second Quarter 2006 Highlights:

-- Earnings per common share - $0.54

-- Net Income - $177 million

-- Revenue - $3.0 billion

-- Assets - $35.2 billion

-- Equity - $7.1 billion

SECOND-QUARTER EARNINGS SUMMARY

For the quarter ended June 30, 2006, Edison International recordedconsolidated earnings of 54 cents per share, compared to 61 cents pershare for the same period last year. Excluding earnings fromdiscontinued operations and other non-core items, EdisonInternational's second-quarter core earnings were 55 cents per sharein 2006, compared to 54 cents per share in the same period in 2005.

"Second-quarter core earnings which include results from the 2006General Rate Case decision were solid," commented John E. Bryson,chairman and CEO, Edison International. "The experience of the heatstorm just two weeks ago demonstrated the importance of that decisionin supporting our planned continued record levels of capitalinvestment in the utility's distribution and transmission system."

SECOND-QUARTER EARNINGS DETAIL

Earnings (Loss) from Continuing Operations

Southern California Edison Company's (SCE) earnings fromcontinuing operations were $234 million in the second quarter of 2006,an increase of $73 million compared to the second quarter of 2005.SCE's results include an $81 million, or 25-cents-per-share, one-timebenefit from resolution of an outstanding state income tax issue.Excluding non-core items, SCE's second-quarter 2006 core earnings were$153 million compared to $157 million in the second quarter of 2005.This change reflects the net impact of higher revenue at SCEassociated with the implementation of the 2006 General Rate Case (GRC)decision and the return on investment earned by SCE's Mountainviewplant, more than offset by higher operating and income tax expenses.SCE received the 2006 GRC decision in May, allowing the company torecover its net revenue back to early January, which was recorded inthe second quarter. Also, as a result of the seasonality of thecompany's sales, along with the rate design approved in the GRCdecision, SCE's base rate revenue will be higher in the third quartercompared to the other three quarters of 2006.

Edison Mission Group's (EMG) 2006 second-quarter loss fromcontinuing operations was $56 million, down $81 million from resultsin the same period last year. As a part of EMG, Mission Energy HoldingCompany's (MEHC) second-quarter 2006 loss of $60 million includes anafter-tax charge of $88 million, or 27 cents per share, reflecting theearly extinguishment of debt related to Edison Mission Energy's bondrefinancing. Excluding this charge, MEHC's core earnings were $28million, an improvement of $26 million over the second quarter of2005. The increase is primarily due to higher wholesale energy marginsmainly driven by higher prices at the Illinois Plants and Homer City,an estimated insurance recovery at Homer City related to the Unit 3outage, and higher net interest income, partially offset by highertaxes. Earnings in the second quarter of 2006 for Edison Capital, alsopart of EMG, were $4 million compared to $23 million in the secondquarter of 2005. This decrease is primarily due to Edison Capital'sshare of income from its investment in the Emerging EuropeInfrastructure Fund which recorded a gain in the second quarter of2005.

Earnings from Discontinued Operations

Edison International's earnings from discontinued operations were$4 million in the second quarter of 2006 compared to $21 million inthe same period last year. The 2006 and 2005 earnings resultedprimarily from distributions received related to the Lakeland project.
Quarter Ended
June 30,
Earnings (Loss) Per Common Share
(Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $0.72 $0.49 $0.23
Edison Mission Group
Mission Energy Holding Company (0.18) 0.01 (0.19)
Edison Capital 0.01 0.07 (0.06)
--------- --------- --------
Edison Mission Group Total (0.17) 0.08 (0.25)
EIX (parent) and other (0.02) (0.02) --
----------------------------------------- --------- --------- --------
EIX Consol. Earnings from Continuing
Operations 0.53 0.55 (0.02)
----------------------------------------- --------- --------- --------

Earnings from Discontinued Operations 0.01 0.06 (0.05)

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $0.54 $0.61 $(0.07)
========================================= ========= ========= ========


Quarter Ended
June 30,
Earnings (Loss) (in millions) (Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $234 $161 $73
Edison Mission Group
Mission Energy Holding Company (60) 2 (62)
Edison Capital 4 23 (19)
--------- --------- --------
Edison Mission Group Total (56) 25 (81)
EIX (parent) and other (5) (6) 1
----------------------------------------- --------- --------- --------
EIX Consol. Earnings from Continuing
Operations 173 180 (7)
----------------------------------------- --------- --------- --------

Earnings from Discontinued Operations 4 21 (17)

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $177 $201 $(24)
========================================= ========= ========= ========

YEAR-TO-DATE EARNINGS SUMMARY

Edison International recorded consolidated earnings per share of$1.32 for the six-month period ending June 30, 2006, compared to $1.23for the same period last year. Edison International had earnings fromcontinuing operations of $1.08 per share for the six-month periodended June 30, 2006, compared with $1.15 per share for the same periodlast year. Excluding earnings from discontinued operations and othernon-core items, Edison International's core earnings for the six-monthperiod were $1.10 per share in 2006, compared to $1.19 per share inthe same period in 2005.

YEAR-TO-DATE EARNINGS DETAIL

Earnings (Loss) from Continuing Operations

SCE's earnings from continuing operations in the first half of2006 were $355 million, an increase of $63 million compared to thesame period last year. SCE's results include an $81 million one-timebenefit from the resolution of an outstanding state income tax issue.Excluding non-core items, SCE's core earnings were $274 millioncompared to $288 million in the same period last year as the higherbase rate revenue authorized by the 2006 GRC, and the earnings fromSCE's Mountainview project, were more than offset by higher operatingand income tax expenses. Also, as a result of the seasonality of thecompany's sales, along with the rate design approved in the GRCdecision, SCE's base rate revenue will be higher in the third quartercompared to the other three quarters of 2006.

EMG's earnings from continuing operations for the first six monthsof 2006 were $17 million, down $85 million from the same period lastyear. Excluding non-core items, MEHC's core earnings were $86 million,an increase of $42 million. This increase primarily reflects higherwholesale energy margins mainly driven by higher prices at theIllinois Plants, higher net interest income, and higher energy tradingincome, partially offset by higher taxes. Edison Capital's earningsfor the six months ended June 30, 2006, were $19 million, down $54million from the same period last year when results included gainsfrom its Emerging Europe Infrastructure Fund investment.

MEHC's equity in income from its energy projects is seasonal andtherefore materially higher in the third quarter compared to otherquarters of the year, due to warmer weather during the summer monthsand because a number of MEHC's energy projects located on the WestCoast have power sales contracts that provide for higher paymentsduring the summer months.

Earnings from Discontinued Operations

Edison International's earnings from discontinued operations were$77 million for the six-month period ending June 30, 2006, compared to$28 million for the same period last year, with both years' earningsresulting primarily from distributions from MEHC's Lakeland project.
Year-to-Date
June 30,
Earnings (Loss) Per Common Share
(Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $1.09 $0.89 $0.20
Edison Mission Group
Mission Energy Holding Company (0.01) 0.10 (0.11)
Edison Capital 0.06 0.22 (0.16)
--------- --------- --------
Edison Mission Group Total 0.05 0.32 (0.27)
EIX (parent) and other (0.06) (0.06) --
----------------------------------------- --------- --------- --------
EIX Consol. Earnings from Continuing
Operations 1.08 1.15 (0.07)
----------------------------------------- --------- --------- --------

Earnings from Discontinued Operations 0.24 0.08 0.16

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $1.32 $1.23 $0.09
========================================= ========= ========= ========


Year-to-Date
June 30,
Earnings (Loss) (in millions) (Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $355 $292 $63
Edison Mission Group
Mission Energy Holding Company (2) 29 (31)
Edison Capital 19 73 (54)
--------- --------- --------
Edison Mission Group Total 17 102 (85)
EIX (parent) and other (15) (19) 4
----------------------------------------- --------- --------- --------
EIX Consol. Earnings from Continuing
Operations 357 375 (18)
----------------------------------------- --------- --------- --------

Earnings from Discontinued Operations 77 28 49

Cumulative Effect of Change in Accounting
Principle 1 -- 1

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $435 $403 $32
========================================= ========= ========= ========

Since the first quarter of 2006, the results of MEHC, EdisonCapital and other smaller subsidiaries have been presented on aconsolidated basis as EMG. This change was made to reflect theintegrated management of MEHC and Edison Capital. In addition,effective April 2006, the wind assets and biomass power projectpreviously owned by Edison Capital were transferred to MEHC. Thetransfer was applied retrospectively, in accordance with accountingrules.

Reminder: Edison International Will Hold a Conference Call Today

Today, Edison International will hold a conference call to discussits second-quarter 2006 financial results at 8 a.m. (Pacific time).Although two-way participation in the telephone call is limited tofinancial analysts and investors, all other interested parties areinvited to participate in a "listen-only" mode through a simultaneouswebcast on the company's web site at www.edisoninvestor.com.Additional financial and other statistical information, if any,presented during the call will be available on the web site. Thedomestic call-in number is (800) 356-8584 and the ID# is 10900.
Chart 1

Quarter Ended
June 30,
Core Earnings (Loss) Per Common Share
(Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $0.47 $0.48 $(0.01)
Edison Mission Group
Mission Energy Holding Company 0.09 0.01 0.08
Edison Capital 0.01 0.07 (0.06)
--------- --------- --------
Edison Mission Group Total 0.10 0.08 0.02
EIX (parent) and other (0.02) (0.02) --
----------------------------------------- --------- --------- --------
EIX Consolidated Core Earnings 0.55 0.54 0.01
----------------------------------------- --------- --------- --------

Non-core items
SCE - Generator refund incentive -- 0.01 (0.01)
SCE - Resolution of an outstanding
state tax item 0.25 -- 0.25
MEHC - Extinguishment of debt (0.27) -- (0.27)
MEHC - Earnings from discontinued
operations 0.01 0.06 (0.05)
----------------------------------------- --------- --------- --------
Total non-core items (0.01) 0.07 (0.08)

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $0.54 $0.61 $(0.07)
========================================= ========= ========= ========


Quarter Ended
June 30,
Core Earnings (Loss) (in millions)
(Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $153 $157 $(4)
Edison Mission Group
Mission Energy Holding Company 28 2 26
Edison Capital 4 23 (19)
--------- --------- --------
Edison Mission Group Total 32 25 7
EIX (parent) and other (5) (6) 1
----------------------------------------- --------- --------- --------
EIX Consolidated Core Earnings 180 176 4
----------------------------------------- --------- --------- --------

Non-core items
SCE - Generator refund incentive -- 4 (4)
SCE - Resolution of an outstanding
state tax item 81 -- 81
MEHC - Extinguishment of debt (88) -- (88)
MEHC - Earnings from discontinued
operations 4 21 (17)
----------------------------------------- --------- --------- --------
Total non-core items (3) 25 (28)

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $177 $201 $(24)
========================================= ========= ========= ========


Chart 2

Year-to-Date
June 30,
Core Earnings (Loss) Per Common Share
(Unaudited) 2006 2005 Change
----------------------------------------- --------- --------- --------
Southern California Edison Company $0.84 $0.88 $(0.04)
Edison Mission Group
Mission Energy Holding Company 0.26 0.15 0.11
Edison Capital 0.06 0.22 (0.16)
--------- --------- --------
Edison Mission Group Total 0.32 0.37 (0.05)
EIX (parent) and other (0.06) (0.06) --
----------------------------------------- --------- --------- --------
EIX Consolidated Core Earnings 1.10 1.19 (0.09)
----------------------------------------- --------- --------- --------

Non-core items
SCE - Generator refund incentive -- 0.01 (0.01)
SCE - Resolution of an outstanding
state tax item 0.25 -- 0.25
MEHC - Extinguishment of debt (0.27) (0.05) (0.22)
MEHC - Earnings from discontinued
operations 0.24 0.08 0.16
----------------------------------------- --------- --------- --------
Total non-core items 0.22 0.04 0.18

----------------------------------------- --------- --------- --------
Total EIX Consolidated Earnings $1.32 $1.23 $0.09
========================================= ========= ========= ========


Year-to-Date
June 30,
Core Earnings (Loss) (in millions)
(Unaudited) 2006 2005 Change
----------------------------------------- ---------- -------- --------
Southern California Edison Company $274 $288 $(14)
Edison Mission Group
Mission Energy Holding Company 86 44 42
Edison Capital 19 73 (54)
---------- -------- --------
Edison Mission Group Total 105 117 (12)
EIX (parent) and other (15) (19) 4
----------------------------------------- ---------- -------- --------
EIX Consolidated Core Earnings 364 386 (22)
----------------------------------------- ---------- -------- --------

Non-core items
SCE - Generator refund incentive -- 4 (4)
SCE - Resolution of an outstanding
state tax item 81 -- 81
MEHC - Extinguishment of debt (88) (15) (73)
MEHC - Earnings from discontinued
operations 77 28 49
Cumulative Effect of Change in Acctg.
Principle 1 -- 1
----------------------------------------- ---------- -------- --------
Total non-core items 71 17 54

----------------------------------------- ---------- -------- --------
Total EIX Consolidated Earnings $435 $403 $32
========================================= ========== ======== ========


Chart 3

Edison International
Supplemental Table - Coal-Fired Generation
Midwest Generation and Homer City

Three months ended Six months ended
June 30, June 30,
2006 2005 Change % 2006 2005 Change %
------ ------ ------ ----- ------ ------ ------ ------
Midwest
Generation
Generation (in
TWhr) 5.5 5.8 (0.3) -5.2% 12.7 14.2 (1.5) -10.6%
Equivalent
Availability 66.0% 62.1% 3.9% 76.4% 71.1% 5.3%
Forced Outage
Rate (EFOR) 7.7% 9.6% -1.9% 5.0% 8.7% -3.7%

Average Cost of
Fuel ($/MWh) 13.42 12.51 0.91 7.3% 13.14 12.12 1.02 8.4%
Flat Energy
Price - Nihub
($/MWh) 39.31 38.34 0.96 2.5% 40.89 39.01 1.88 4.8%
Average Midwest
Gen Energy
Price ($/MWh) 47.63 41.83 5.80 13.9% 47.09 40.12 6.97 17.4%


Homer City
Generation (in
TWhr) 2.9 3.1 (0.2) -6.5% 5.4 6.6 (1.2) -18.2%
Equivalent
Availability 74.3% 77.1% -2.8% 73.1% 82.6% -9.5%
Forced Outage
Rate 19.9% 3.6% 16.3% 22.8% 5.6% 17.2%

Average Cost of
Fuel ($/MWh) 24.13 19.36 4.77 24.6% 24.03 18.65 5.38 28.8%
Flat Energy
Price - PJM
West Hub
($/MWh) 48.08 47.30 0.78 1.6% 52.25 47.24 5.01 10.6%
Flat Energy
Price - HC
Busbar ($/MWh) 44.00 44.86 (0.86) -1.9% 47.24 44.54 2.70 6.1%
Flat Energy
Price - PJM
West Hub minus
HC Busbar
($/MWHr) -
Basis 4.08 2.44 1.64 5.01 2.70 2.31
Average Homer
City Energy
Price ($/MWh) 50.02 42.93 7.09 16.5% 51.43 43.38 8.05 18.6%

----------------------------------------------------------------------

Hedge Program status at June 30, 2006
Remainder of
2006 2007 2008
------- ------- -------
Midwest Generation
Megawatt hours (in TWh) 10.0 16.2 3.1
Average Energy Price ($/MWh) $47.61 $48.25 $66.13(1)
Percent of Coal Requirements Under Contract 108% 95% 33%

Homer City
Megawatt hours (in TWh) 4.4 7.6 2.4
Average Energy Price ($/MWh) $54.07 $64.35 $66.01
Percent of Coal Requirements Under Contract 99% 97% 39%

(1) Represents on-peak hedges.

Note: Subsequent to June 30, 2006, an agreement was executed to hedge
an additional 500 MW of on-peak power from the Midwest Gen
facilities for 2007, 2008 and 2009.

Risk Disclosure Statement

This release contains "forward-looking statements" within themeaning of the Private Securities Litigation Reform Act of 1995.Forward-looking statements reflect Edison International's currentexpectations and projections about future events based on EdisonInternational's knowledge of present facts and circumstances andassumptions about future events and include any statement that doesnot directly relate to a historical or current fact. In this reportand elsewhere, the words "expects," "believes," "anticipates,""estimates," "projects," "intends," "plans," "probable," "may,""will," "could," "would," "should," and variations of such words andsimilar expressions, or discussions of strategy or of plans, areintended to identify forward-looking statements. Such statementsnecessarily involve risks and uncertainties that could cause actualresults to differ materially from those anticipated. Some of therisks, uncertainties and other important factors that could causeresults to differ, or that otherwise could impact Edison Internationalor its subsidiaries, include but are not limited to:

-- the ability of Edison International to meet its financial obligations and to pay dividends on its common stock if its subsidiaries are unable to pay dividends;

-- the ability of SCE to recover its costs in a timely manner from its customers through regulated rates;

-- decisions and other actions by the CPUC and other regulatory authorities and delays in regulatory actions;

-- market risks affecting SCE's energy procurement activities;

-- access to capital markets and the cost of capital;

-- changes in interest rates, rates of inflation and foreign exchange rates;

-- governmental, statutory, regulatory or administrative changes or initiatives affecting the electricity industry, including the market structure rules applicable to each market and environmental regulations that could require additional expenditures or otherwise affect the cost and manner of doing business;

-- risks associated with operating nuclear and other power generating facilities, including operating risks, nuclear fuel storage, equipment failure, availability, heat rate and output;

-- the availability of labor, equipment and materials;

-- the ability to obtain sufficient insurance, including insurance relating to SCE's nuclear facilities;

-- effects of legal proceedings, changes in or interpretations of tax laws, rates or policies, and changes in accounting standards;

-- supply and demand for electric capacity and energy, and the resulting prices and dispatch volumes, in the wholesale markets to which MEHC generating units have access;

-- the cost and availability of coal, natural gas, fuel oil, nuclear fuel, and associated transportation;

-- the cost and availability of emission credits or allowances for emission credits;

-- transmission congestion in and to each market area and the resulting differences in prices between delivery points;

-- the ability to provide sufficient collateral in support of hedging activities and purchased power and fuel;

-- the extent of additional supplies of capacity, energy and ancillary services from current competitors or new market entrants, including the development of new generation facilities and technologies;

-- the difficulty of predicting wholesale prices, transmission congestion, energy demand and other activities in the complex and volatile markets in which MEHC and its subsidiaries participate;

-- general political, economic and business conditions;

-- weather conditions, natural disasters and other unforeseen events; and

-- changes in the fair value of investments and other assets.

Additional information about risks and uncertainties, includingmore detail about the factors described above, is contained in EdisonInternational's reports filed with the Securities and ExchangeCommission. Readers are urged to read such reports and carefullyconsider the risks, uncertainties and other factors that affect EdisonInternational's business. Readers also should review future reportsfiled by Edison International with the Securities and ExchangeCommission. The information contained in this release is subject tochange without notice. Forward-looking statements speak only as of thedate they are made and Edison International is not obligated topublicly update or revise forward-looking statements.

Rosemead, Calif.-based Edison International (NYSE:EIX) is anelectric power generator and distributor, and an investor ininfrastructure and renewable energy projects with assets totalingalmost $35 billion. The company is comprised of a regulated utility,Southern California Edison (SCE), and an unregulated group of businessunits, Edison Mission Group (EMG). The California Public UtilitiesCommission does not regulate the terms of EMG's products and services.
EDISON INTERNATIONAL
SUMMARY OF CONSOLIDATED EARNINGS
(UNAUDITED)

IN MILLIONS, EXCEPT PER-SHARE AMOUNTS QUARTER ENDED YEAR TO DATE
JUNE 30, JUNE 30,
----------------------------------------------------------------------
2006 2005 2006 2005
----------------------------------------------------------------------
ELECTRIC UTILITY $2,521 $2,203 $4,739 $4,109
NONUTILITY POWER GENERATION 460 417 970 928
FINANCIAL SERVICES AND OTHER 20 29 44 56
-------------------------------------- -------------------------------
TOTAL OPERATING REVENUE 3,001 2,649 5,753 5,093
-------------------------------------- -------------------------------
FUEL 380 399 840 818
PURCHASED POWER 769 743 1,783 1,131
PROVISIONS FOR REGULATORY ADJUSTMENT
CLAUSES - NET (10) (41) (371) 24
OTHER OPERATION AND MAINTENANCE 879 822 1,707 1,635
DEPRECIATION, DECOMMISSIONING AND
AMORTIZATION 339 267 631 527
PROPERTY AND OTHER TAXES 54 50 111 102
NET GAIN ON SALE OF UTILITY PROPERTY
AND PLANT (1) - (1) -
-------------------------------------- -------------------------------
TOTAL OPERATING EXPENSES 2,410 2,240 4,700 4,237
-------------------------------------- -------------------------------
OPERATING INCOME 591 409 1,053 856
INTEREST AND DIVIDEND INCOME 43 25 80 47
EQUITY IN INCOME FROM PARTNERSHIPS AND
UNCONSOLIDATED SUBSIDIARIES - NET 10 24 14 108
OTHER NONOPERATING INCOME 33 20 74 37
INTEREST EXPENSE - NET OF AMOUNTS
CAPITALIZED (209) (204) (409) (417)
LOSS ON EARLY EXTINGUISHMENT OF DEBT (143) - (143) (24)
OTHER NONOPERATING DEDUCTIONS (10) (13) (22) (22)
-------------------------------------- -------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE TAX AND MINORITY INTEREST 315 261 647 585
INCOME TAX 95 34 206 138
DIVIDENDS ON UTILITY PREFERRED AND
PREFERENCE STOCK NOT SUBJECT TO
MANDATORY REDEMPTION 13 5 25 7
MINORITY INTEREST 34 42 59 65
-------------------------------------- -------------------------------
INCOME FROM CONTINUING OPERATIONS 173 180 357 375
INCOME FROM DISCONTINUED OPERATIONS -
NET OF TAX 4 21 77 28
-------------------------------------- -------------------------------
INCOME BEFORE ACCOUNTING CHANGE 177 201 434 403
CUMULATIVE EFFECT OF ACCOUNTING CHANGE
- NET OF TAX - - 1 -
-------------------------------------- -------------------------------
NET INCOME $177 $201 $435 $403
====================================== ===============================

WEIGHTED-AVERAGE SHARES OF COMMON
STOCK OUTSTANDING 326 326 326 326

BASIC EARNINGS PER COMMON SHARE:
CONTINUING OPERATIONS $0.53 $0.55 $1.08 $1.15
DISCONTINUED OPERATIONS 0.01 0.06 0.24 0.08
------- ------- ------- -------
TOTAL $0.54 $0.61 $1.32 $1.23
======= ======= ======= =======

WEIGHTED-AVERAGE SHARES, INCLUDING
EFFECT OF DILUTIVE SECURITIES 331 331 331 331

DILUTED EARNINGS PER COMMON SHARE:
CONTINUING OPERATIONS $0.53 $0.55 $1.09 $1.14
DISCONTINUED OPERATIONS 0.01 0.06 0.23 0.08
------- ------- ------- -------
TOTAL $0.54 $0.61 $1.32 $1.22
======= ======= ======= =======


DIVIDENDS DECLARED PER COMMON SHARE $0.27 $0.25 $0.54 $0.50


SOUTHERN CALIFORNIA EDISON
kWh Sales (In thousands)
June 30, 2006

Quarter Ended June 30,
-------------------------------------------
Increase/
2006 2005 (Decrease) %
----------------------------------------------------------------------

Residential 6,729,181 6,243,809 485,372 7.77
Agricultural 265,477 271,075 (5,598) (2.07)
Commercial 9,934,721 9,633,436 301,285 3.13
Industrial 2,656,680 2,756,943 (100,263) (3.64)
Public Authorities 1,480,115 1,481,807 (1,692) (0.11)
Railroads & Railways 15,276 15,128 148 0.98
Interdepartmental 721 265 456 172.08
--------------------------------------------------------------
Sales to Ultimate
Consumers 21,082,171 20,402,463 679,708 3.33

Resale Sales 1,584,326 3,844,630 (2,260,304) (58.79)
--------------------------------------------------------------
Total kWh Sales 22,666,497 24,247,093 (1,580,596) (6.52)
--------------------------------------------------------------


Year-to-Date June 30,
-------------------------------------------
Increase/
2006 2005 (Decrease) %
----------------------------------------------------------------------

Residential 13,600,252 13,334,654 265,598 1.99
Agricultural 452,544 418,728 33,816 8.08
Commercial 19,301,493 18,666,201 635,292 3.40
Industrial 5,280,243 5,325,090 (44,847) (0.84)
Public Authorities 2,844,822 2,839,758 5,064 0.18
Railroads & Railways 30,634 30,592 42 0.14
Interdepartmental 1,063 274 789 (a)
--------------------------------------------------------------
Sales to Ultimate
Consumers 41,511,051 40,615,297 895,754 2.21

Resale Sales 3,445,170 7,572,176 (4,127,006) (54.50)
--------------------------------------------------------------
Total kWh Sales 44,956,221 48,187,473 (3,231,252) (6.71)
--------------------------------------------------------------

(a) over 200%