Home > Investor Information > Presentations > Archived Presentations > The Wall Street Utility Group >

Forward-Looking Statements - May 20, 2002

Except for historical data and statements of current fact, the information contained or incorporated by reference in this presentation constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933. Any references to plans, goals, beliefs, or expectations in respect to future events and conditions or to estimates are forward-looking statements. Although we believe that statements of our expectations are based on reasonable assumptions, forward-looking statements are inherently uncertain and subject to risks and should be viewed with caution. Actual results or experience could differ materially from the forward-looking statements as a result of many factors. Forward-looking statements included or incorporated in this presentation include, but are not limited to statements regarding:

  1. expectations regarding future revenues,
     
  2. estimated future capital expenditures,
     
  3. the expected costs of purchased power in the future,
     
  4. the costs of decommissioning nuclear generating plants,
     
  5. the recovery of deferred costs
     
  6. future cleanup costs associated with manufactured gas plant sites, and
     
  7. statements in Management's Discussion and Analysis of Financial Condition and Results of Operations regarding trends or estimates, incorporated by reference from our annual report on Form 10-K for the year ended December 31, 2001 and quarterly report on Form 10-Q for the quarter ended March 31, 2002.

We cannot predict the course of future events or anticipate the interaction of multiple factors beyond our control and their effect on revenues, project timing, and costs. Some risk factors that could cause results different from any forward-looking statement include:

  1. the speed and degree to which competition enters the electric and natural gas industries,
     
  2. the adoption of, or changes in, state and federal rate legislation, regulation, interpretation, or enforcement,
     
  3. the adoption of new regulatory initiatives,
     
  4. changes in the economic climate,
     
  5. changes in the direction and amount of industrial, commercial, and residential growth,
     
  6. the adoption of new, or changes in the interpretation, of environmental regulations or unanticipated environmental problems or proceedings,
     
  7. the weather,
     
  8. the timing and extent of changes in commodity prices,
     
  9. the timing and extent of changes in interest rates,
     
  10. acts of terrorism,
     
  11. changes in the capital markets, and
     
  12. opportunities for expansion in non-regulated energy markets.

We make no commitment to disclose any revisions to the forward-looking statements as a result of facts, events, or circumstances after the date of this presentation.