TABLE 7:  PUBLIC UTILITY TAX:
                             GROSS INCOME, TAXABLE INCOME & TAXDUE
                             STATEWIDE AMOUNTS BY INDUSTRY
                             4TH QUARTER 1996
__________________________________________________________________________________________
__________________________________________________________________________________________
                                             OPERATING INCOME SUBJECT TO TAX      ACCRUED
       TYPE OF UTILITY                           GROSS            TAXABLE        STATE TAX
__________________________________________________________________________________________

WATER DISTRIBUTION...........    5.029%      $114,241,053      $107,392,668     $5,375,411
  WATER SUPPLY ..............                  96,924,938        90,715,619      4,542,589
  MISCELLANEOUS .............                  17,316,115        16,677,049        832,822

SEWER COLLECTION.............    3.852         61,224,951        37,227,348      1,433,309
  SEWERAGE SYSTEMS...........                  42,201,646        18,195,240        700,361
  MISCELLANEOUS .............                  19,023,305        19,032,108        732,948

RAILROADS/EXPRESS/CAR.CO.....    3.852          6,233,806         1,543,241         59,440
  RAILROADS .................                   2,316,598         1,543,069         59,440
  MISCELLANEOUS .............                   3,917,208               172              -

POWER .......................    3.873      1,022,383,334       854,034,466     33,076,319

GAS DISTRIBUTION/TELEGRAPH ..    3.852        216,781,539       205,105,978      7,900,339
  TELEGRAPH .................                       4,367             4,018              -
  GAS .......................                 182,219,826       181,654,690      6,997,339
  GAS/ELECTRIC ..............                  22,081,755        22,008,235        847,758
  MISCELLANEOUS .............                  12,475,591         1,439,035         55,242

MOTOR TRANSPORTATION ........    1.926        821,724,074       191,747,784      3,637,642
  MANUFACTURING .............                  32,270,143        14,388,803        271,375
  LOCAL/SUBURBAN TRANSIT ....                  28,251,679         7,306,488        138,733
  TRUCKING ..................                 558,360,961       136,511,007      2,593,070
  MISCELLANEOUS .............                 202,841,291        33,541,486        634,464

URBAN TRANSPORTATION ........    0.642        109,398,717        81,034,477        511,675
  LOCAL/SUBURBAN TRANSIT ....                  35,760,733        19,155,999        117,935
  TRUCKING ..................                  53,767,633        44,278,372        282,094
  MISCELLANEOUS .............                  19,870,351        17,600,106        111,646

OTHER PUBLIC SERVICE ........    1.926        285,568,368        46,207,533        887,511
  WATER TRANSPORT ...........                 102,892,849        24,052,727        463,154
  MISCELLANEOUS .............                 182,675,519        22,154,806        424,357

TOTAL........................              $2,637,555,842    $1,524,293,495    $52,881,646
__________________________________________________________________________________________