TSE:FTS 56 FORTIS Inc. 2OO1 Annual Report The accounting policies of the segment are described in the Summar of Accounting Polices. Information by reportable segment is as follows: Newfoundland Maritime Canadian Belize BECOL Non-Utility Corporate Inter-Segment Consolidated 2001 (in thousands) Power Electric Niagara Power Electricity Eliminations Operating revenues $ 359,305 $ 97,488 $ 20,293 $ 72,355 $ 16,100 $ 73,859 $ 5,103 $ (16,249) $ 628,254 Operating expenses 255,387 66,840 8,085 48,976 2,043 47,105 3,311 (13,400) 418,347 Amortization 34,003 10,260 1,459 7,805 1,636 3,621 3,711 62,495 Operating income 69,915 20,388 10,749 15,574 12,421 23,133 (1,919) (2,849) 147,412 Finance charges 26,700 9,513 1,146 5,381 5,391 12,240 8,108 (2,849) 65,630 Income taxes 13,730 4,759 4,321 893 4,796 (411) 28,088 Gain on sale of income  producing property (Note 12) 2,557 2,557 Income tax reassessment -  Canadian Niagara Power 257 257 Results of discontinued  operations (Note 15) 721 721 Non-controlling interest 623 2,962 313 (111) 3,787 Earnings $ 28,862 $ 6,116 $ 5,539 $ 6,338 $ 6,717 $ 9,375 $ (9,505) $ 53,442 Identifiable assets $ 684,981 $ 249,952 $ 34,448 216,816 $ 114,579 $ 238,146 $ 121,580 $ (35,750) $ 1,624,752 Capital expenditures $ 68,081 $ 14,565 $ 3,495 $ 30,226 $ 475 $ 32,563 $ 50 $ 149,455 Newfoundland Maritime Canadian Belize BECOL Non-Utility Corporate Inter-Segment Consolidated 2000 (in thousands) Power Electric Niagara Power Electricity (Note 17) Eliminations Operating revenues $ 348,413 $ 94,498 $ 18,444 $ 63,561 $ 52,101 $ 3,263 $ (83) $ 580,197 Operating expenses 251,752 77,580 7,120 44,141 35,099 1,998 (83) 417,607 Amortization 29,625 8,229 1,350 6,846 3,315 3,148 52,513 Operating income 67,036 8,689 9,974 12,574 13,687 (1,883) 110,077 Finance charges 26,641 8,510 1,046 3,642 7,616 8,257 55,712 Income taxes 13,296 (1,435) 3,747 779 1,923 (1,082) 17,228 Gain on sale of certain  trademark rights (Note 13) 1,209 1,209 Gain on sale of surplus  land (Note 14) 1,029 1,029 Results of discontinued  operations (Note 15) 533 533 Non-controlling interest 626 2,634 (111) 3,149 Earnings $ 26,473 $ 1,614 $ 6,210 $ 5,519 $ 4,681 $ (7,738) $ 36,759 Identifiable assets $ 648,087 $ 219,474 $ 32,050 $ 178,771 $ 271,029 $ 129,185 $ 1,478,596 Capital expenditures $ 43,680 $ 19,702 $ 3,350 $  20,979 $ 69,425 $ 516 $ 157,652 20.Segmented Information