NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 3 – SEGMENTED INFORMATION NET INCOME/(LOSS) 1 Year ended December 31  (millions of dollars) Transmission Power Corporate Total 1999 Revenues 3,789 450 – 4,239 Operating expenses  (1,302) (353) (34) (1,689) Depreciation (658) (30) (8) (696) Restructuring and other costs – – (170) (170) Operating income/(loss) 1,829 67 (212) 1,684 Financial and preferred equity charges (876) – (231) (1,107) Financial charges of joint ventures (107) (13) – (120) Other income 46 9 29 84 Gain on sale of assets 91 – – 91 Income taxes (306) (23) 151 (178) Continuing Operations 677 40 (263) 454 Discontinued Operations (534) Net Loss Applicable to Common Shares (80) Year ended December 31  (millions of dollars) Transmission Power Corporate Total 2000 Revenues 3,856 565 – 4,421 Operating expenses (1,252) (389) (31) (1,672) Depreciation (698) (35) (4) (737) Operating income/(loss) 1,906 141 (35) 2,012 Financial and preferred equity charges (877) (3) (150) (1,030) Financial charges of joint ventures (101) (12) – (113) Other income 52 9 54 115 Gain on sale of assets 11 26 – 37 Income taxes (368) (56) 53 (371) Continuing Operations 623 105 (78) 650 Discontinued Operations 61 Net Income Applicable to Common Shares 711 Year ended December 31  (millions of dollars) Transmission Power Corporate Total 2001 Revenues 3,880 1,369 – 5,249 Operating expenses  (1,226) (1,064) (23) (2,313) Depreciation (753) (37) (3) (793) Restructuring and other costs – – (8) (8) Operating income/(loss) 1,901 268 (34) 2,135 Financial and preferred equity charges (856) (15) (91) (962) Financial charges of joint ventures (98) (9) – (107) Other income 30 13 34 77 Income taxes (392) (100) 19 (473) Continuing Operations 585 157 (72) 670 Discontinued Operations (67) Net Income Applicable to Common Shares 603 1 In determining the net income of each segment, restructuring and other costs as well as certain expenses such as indirect financial charges and related income taxes are not allocated to business segments. 47 2001 ANNUAL REPORT 