TABLE 7:  PUBLIC UTILITY TAX:
                             GROSS INCOME, TAXABLE INCOME & TAXDUE
                             STATEWIDE AMOUNTS BY INDUSTRY
                             3RD 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%      $149,590,986      $140,645,062     $7,067,672
  WATER SUPPLY ..............                 128,719,217       120,380,722      6,051,828
  MISCELLANEOUS .............                  20,871,769        20,264,340      1,015,844

SEWER COLLECTION.............    3.852         76,583,805        42,510,453      1,637,267
  SEWERAGE SYSTEMS...........                  44,624,219        19,376,053        746,185
  MISCELLANEOUS .............                  31,959,586        23,134,400        891,082

RAILROADS/EXPRESS/CAR.CO.....    3.852          2,958,445           328,894         12,670
  RAILROADS .................                   2,119,683           277,102         10,675
  MISCELLANEOUS .............                     838,762            51,792          1,995

POWER .......................    3.873        821,964,533       689,334,901     26,697,944

GAS DISTRIBUTION/TELEGRAPH ..    3.852         94,241,072        82,092,564      3,161,871
  TELEGRAPH .................                      12,292            11,667            255
  GAS .......................                  75,887,958        73,484,849      2,830,637
  GAS/ELECTRIC ..............                   8,066,179         8,002,871        308,271
  MISCELLANEOUS .............                  10,274,643           593,177         22,708

MOTOR TRANSPORTATION ........    1.926        744,791,696       170,746,467      3,274,237
  MANUFACTURING .............                  27,580,141        14,543,804        278,888
  LOCAL/SUBURBAN TRANSIT ....                  31,191,597         6,345,518        121,398
  TRUCKING ..................                 540,282,079       123,110,472      2,363,742
  MISCELLANEOUS .............                 145,737,879        26,746,673        510,209

URBAN TRANSPORTATION ........    0.642         93,355,103        71,392,772        455,603
  LOCAL/SUBURBAN TRANSIT ....                  25,991,271        11,988,763         75,605
  TRUCKING ..................                  47,654,345        41,604,614        266,405
  MISCELLANEOUS .............                  19,709,487        17,799,395        113,593

OTHER PUBLIC SERVICE ........    1.926        252,821,637        55,292,553      1,064,498
  WATER TRANSPORT ...........                  99,086,732        24,430,018        470,524
  MISCELLANEOUS .............                 153,734,905        30,862,535        593,974

TOTAL........................              $2,236,307,277    $1,252,343,666    $43,371,762
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