TABLE 7:  PUBLIC UTILITY TAX:
                             GROSS INCOME, TAXABLE INCOME & TAXDUE
                             STATEWIDE AMOUNTS BY INDUSTRY
                             1ST QUARTER 1997
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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%       $93,433,045       $89,572,050     $4,499,645
  WATER SUPPLY ..............                  78,786,485        75,347,954      3,786,273
  MISCELLANEOUS .............                  14,646,560        14,224,096        713,372

SEWER COLLECTION.............    3.852         68,245,524        39,205,132      1,509,955
  SEWERAGE SYSTEMS...........                  42,672,807        18,965,871        730,496
  MISCELLANEOUS .............                  25,572,717        20,239,261        779,459

EXPRESS .....................    3.852          1,636,470         1,038,446         40,002

POWER .......................    3.873      1,089,546,223       938,766,515     36,358,427

GAS DISTRIBUTION/TELEGRAPH ..    3.852        301,297,847       278,409,482     10,724,239
  TELEGRAPH .................                       2,565             2,226              -
  GAS .......................                 200,881,273       195,281,890      7,522,260
  GAS/ELECTRIC ..............                  29,300,920        29,258,870      1,127,052
  MISCELLANEOUS .............                  71,113,089        53,866,496      2,074,927

MOTOR TRANSPORTATION ........    1.926        812,656,325       164,398,399      3,147,959
  MANUFACTURING .............                  25,029,656        12,120,717        232,032
  LOCAL/SUBURBAN TRANSIT ....                  29,950,303         6,617,700        126,473
  RAILROADS .................                 162,900,287        12,148,949        233,988
  TRUCKING ..................                 442,147,818       106,909,814      2,048,573
  MISCELLANEOUS .............                 152,628,261        26,601,219        506,893

URBAN TRANSPORTATION ........    0.642         81,305,881        65,621,607        418,567
  LOCAL/SUBURBAN TRANSIT ....                  22,703,133        12,158,086         77,098
  TRUCKING ..................                  43,542,493        39,274,394        251,452
  MISCELLANEOUS .............                  15,060,255        14,189,127         90,017

OTHER PUBLIC SERVICE ........    1.926         83,029,548        32,429,231        623,511
  WATER TRANSPORT ...........                  66,774,649        22,354,931        430,267
  MISCELLANEOUS .............                  16,254,899        10,074,300        193,244

TOTAL........................              $2,531,150,863    $1,609,440,862    $57,322,305
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