ENBRIDGE 2000 ANNU AL REPORT 36 2. Segmented Information Year ended December 31, 2000 Energy Energy Energy Corporate Transportation Distribution Services International and Other 2 Consolidated Revenues 729.6 1,799.7 390.2 22.2 3.3 2,945.0 Gas costs — 958.8 7.7 — — 966.5 Operating and administrative 262.4 337.9 229.4 17.8 22.8 870.3 Depreciation 163.8 207.6 72.7 0.7 8.7 453.5 Operating income/(loss) 303.4 295.4 80.4 3.7 (28.2) 654.7 Investment and other income 71.1 73.4 7.9 22.6 10.6 185.6 Interest and preferred equity charges (108.3) (164.6) (29.4) — (147.6) (449.9) Income taxes (62.4) (13.3) 5.0 0.1 72.5 1.9 Earnings/(loss) applicable to common shareholders 203.8 190.9 63.9 26.4 (92.7) 392.3 Year ended December 31, 1999 Energy Energy Energy Corporate Transportation Distribution 1 Services 1 International and Other 2 Consolidated Revenues 599.5 1,913.3 138.9 30.3 12.0 2,694.0 Gas costs — 897.5 5.6 — — 903.1 Operating and administrative 236.4 433.8 110.3 15.7 25.4 821.6 Depreciation 115.7 241.3 21.4 0.3 5.1 383.8 Operating income/(loss) 247.4 340.7 1.6 14.3 (18.5) 585.5 Investment and other income 94.7 37.2 — 17.3 33.2 182.4 Interest and preferred equity charges (88.4) (184.5) (7.9) (0.1) (111.6) (392.5) Income taxes (42.1) (93.9) 2.0 (2.8) 49.3 (87.5) Earnings/(loss) applicable to common shareholders 211.6 99.5 (4.3) 28.7 (47.6) 287.9 Year ended December 31, 1998 Energy Energy Energy Corporate Transportation Distribution 1 Services 1 International and Other 2 Consolidated Revenues 495.4 1,802.7 18.2 20.7 9.4 2,346.4 Gas costs — 860.4 4.6 — — 865.0 Operating and administrative 236.0 380.8 22.8 17.7 17.7 675.0 Depreciation 87.0 216.4 1.1 0.2 4.3 309.0 Operating income/(loss) 172.4 345.1 (10.3) 2.8 (12.6) 497.4 Investment and other income 81.9 25.4 — 21.6 22.8 151.7 Interest (61.4) (176.5) (1.4) — (73.6) (312.9) Income taxes (39.6) (93.7) 4.9 (0.1) 33.2 (95.3) Earnings/(loss) applicable to common shareholders 153.3 100.3 (6.8) 24.3 (30.2) 240.9 (millions of dollars) (millions of dollars) (millions of dollars) 1 On October 1, 1999, the Company separated and removed (“unbundled”) the ancillary business activities from the regulated operations of Enbridge Consumers Gas to the unregulated Energy Services. This intersegment transaction comprised the transfer of the water heater and furnace rental program, merchandise retailing and financing operations and other related services. Energy Services reflects the results of operations of the unbundled activities commencing October 1, 1999. The 1999 and 1998 results of operations of Energy Distribution reflects a full year contribution from the ancillary business activities for the year ended September 30, 1999 and 1998 under the quarter lag basis of consolidation. 2 Corporate and Other includes new business development activities and non-operating investing and financing activities, including general corporate investments and costs associated with financing non-regulated activities. 3 The measurement basis for preparation of segmented information is consistent with the significant accounting policies outlined in Note 1. 4 Segmented information has been restated to reflect the changes in the internal organization of the Company, effective in the fourth quarter of 2000.