TABLE 7:  PUBLIC UTILITY TAX:
                             GROSS INCOME, TAXABLE INCOME & TAXDUE
                             STATEWIDE AMOUNTS BY INDUSTRY
                             2ND QUARTER 1996
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                                             OPERATING INCOME SUBJECT TO TAX      ACCRUED
       TYPE OF UTILITY                           GROSS            TAXABLE        STATE TAX
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WATER DISTRIBUTION...........    5.029%      $102,102,708       $96,482,178     $4,851,786
  WATER SUPPLY ..............                  86,696,087        81,649,160      4,105,996
  MISCELLANEOUS .............                  15,406,621        14,833,018        745,790

SEWER COLLECTION.............    3.852         74,792,229        38,944,212      1,500,103
  SEWERAGE SYSTEMS...........                  44,554,416        18,408,734        709,105
  MISCELLANEOUS .............                  30,237,813        20,535,478        790,998

RAILROADS/EXPRESS/CAR.CO.....    3.852          5,800,256           942,428         36,289
  RAILROADS .................                   2,214,236           373,852         14,387
  MISCELLANEOUS .............                   3,586,020           568,576         21,902

POWER .......................    3.873        847,999,584       733,932,933     28,425,198

GAS DISTRIBUTION/TELEGRAPH ..    3.852        165,202,957       142,802,317      5,500,722
  TELEGRAPH .................                      15,112            14,183            547
  GAS .......................                 128,539,947       125,857,517      4,848,034
  GAS/ELECTRIC ..............                  16,102,453        16,016,411        616,952
  MISCELLANEOUS .............                  20,545,445           914,206         35,189

MOTOR TRANSPORTATION ........    1.926        712,174,634       153,820,201      2,960,782
  MANUFACTURING .............                  25,520,737        13,885,147        267,266
  LOCAL/SUBURBAN TRANSIT ....                  28,713,373         5,926,070        113,994
  TRUCKING ..................                 522,161,997       112,295,889      2,162,091
  MISCELLANEOUS .............                 135,778,527        21,713,095        417,431

URBAN TRANSPORTATION ........    0.642         86,856,726        65,184,416        418,222
  LOCAL/SUBURBAN TRANSIT ....                  26,084,609        10,922,162         70,015
  TRUCKING ..................                  44,946,680        39,809,642        255,504
  MISCELLANEOUS .............                  15,825,437        14,452,612         92,703

OTHER PUBLIC SERVICE ........    1.926        257,185,391        49,490,027        953,029
  WATER TRANSPORT ...........                  92,238,475        24,003,510        462,303
  MISCELLANEOUS .............                 164,946,916        25,486,517        490,726

TOTAL........................              $2,252,114,485    $1,281,598,712    $44,646,131
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