============= Page 1 of 1 ============= Nine Months 1999 ENRON CORP. Table 2d - Results by Segment (Unaudited: in millions, except per share amounts) Non- Recurring Recurring Total IBIT: Transportation and Distribution. Transportation Services $ 283 $ - $ 283 Portland General 200 - 200 Wholesale Energy Operations and Services 1,054 - 1,054 Retail Energy Services (75) - (75) Broadband Services - - - Exploration and Production (a) 65 - 65 Corporate and Other (18) 13 (5) IBIT 1,509 13 1,522 Interest and Related Charges, net 537 - 537 Dividends on Preferred Securities of Subsidiaries 57 - 57 Minority Interests 94 - 94 Income Tax Expense 123 (54) 69 Net Income Before Cumulative Accounting Changes 698 67 765 Cumulative Effect of Accounting Changes, net of tax - (131) (131) Net Income (Loss) 698 (64) 634 Preferred Dividends. Second Preferred Stock 13 - 13 Series A Junior Voting Convertible Preferred Stock (b) 29 - 29 Earnings (Loss) on Common Stock $ 656 $ (64) $ 592 Average Number of Shares Used (c): Basic 702.0 Diluted 765.7 765.7 7657 Earnings (Loss) per Common Share (c): Basic $ 0.84 Diluted $ 0.87 $ (0.08) $ 0.79 (a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction (b) The Series A Junior Voting Convertible Preferred Stock was antidilutive and therefore has been excluded from the calculation of diluted earnings per share (c) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split effective August 13, 1999 KHO10-01287