Condensed Consolidated Statements of Operations

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             Years Ended December 31,
(In millions, except per share amounts) 2009 2008 2007
Operating Revenues      
   Transportation, storage and processing of natural gas $2,565 $2,343 $2,200
   Distribution of natural gas 1,451 1,731 1,664
   Sales of natural gas liquids 389 772 601
   Other 147 228 239
      Total operating revenues 4,552 5,074 4,704 
       
Operating Expenses      
   Natural gas and petroleum products purchased 1,098 1,586 1,416
   Operating, maintenance and other 1,406 1,481 1,357
   Depreciation and amortization 584 569 518
      Total operating expenses 3,088 3,636 3,291
       
Gains on Sales of Other Assets and Other, Net 11 42 13
       
Operating Income 1,475 1,480 1,426
       
Other Income and Expenses      
   Equity in earnings of unconsolidated affiliates 369 778 596
   Other income and expenses, net 37 66 53
      Total other income and expenses 406 844 649
       
Interest Expense 610 636 633
       
Earnings From Continuing Operations Before Income Taxes 1,271 1,688 1,442
Income Tax Expense From Continuing Operations 353 496 440
       
Income From Continuing Operations 918 1,192 1,002
Income From Discontinued Operations, Net of Tax 5 2 25
       
Net Income 923 1,194 1,027
Net Income – Noncontrolling Interests 75 65 70
       
Net Income – Controlling Interests $   848 $1,129 $   957
       
Earnings per Common Share      
   Basic $ 1.32 $ 1.82 $ 1.51
   Diluted $ 1.32 $ 1.81 $ 1.51
Dividends per Common Share $ 1.00 $ 0.96 $ 0.88