Quarterly Business Review
3rd Quarter, 1998

                   TABLE 7:  PUBLIC UTILITY TAX:                                           
                             GROSS INCOME, TAXABLE INCOME & TAX DUE                         
                             STATEWIDE AMOUNTS BY INDUSTRY                                 
                             3RD QUARTER, 1998                                              
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                                             OPERATING INCOME SUBJECT TO TAX      ACCRUED  
       TYPE OF UTILITY                           GROSS            TAXABLE        STATE TAX 
__________________________________________________________________________________________ 
                                                                                           
WATER DISTRIBUTION...........    5.029%      $171,322,330      $161,183,384     $8,103,887 
  WATER SUPPLY ..............                 149,176,130       139,752,745      7,027,354 
  MISCELLANEOUS .............                  22,146,200        21,430,639      1,076,533 
                                                                                           
SEWER COLLECTION.............    3.852         76,266,309        44,851,362      1,727,147 
  SEWERAGE SYSTEMS...........                  44,764,865        21,043,596        810,249 
  MISCELLANEOUS .............                  31,501,444        23,807,766        916,898 
                                                                                           
EXPRESS .....................    3.852          1,235,244           332,474         12,807 
                                                                                           
POWER .......................    3.873        973,946,572       752,362,373     29,138,940 
                                                                                           
GAS DISTRIBUTION/TELEGRAPH ..    3.852         86,586,825        84,620,983      3,259,587 
  TELEGRAPH .................                      16,058            16,058            619 
  GAS .......................                  28,034,927        27,976,020      1,077,637 
  GAS/ELECTRIC ..............                   7,205,021         7,163,263        275,929 
  MISCELLANEOUS .............                  51,330,819        49,465,642      1,905,402 
                                                                                           
MOTOR TRANSPORTATION ........    1.926        974,128,081       209,314,283      4,018,089 
  MANUFACTURING .............                  28,276,611        14,538,775        279,066 
  LOCAL/SUBURBAN TRANSIT ....                  35,485,031        10,327,613        198,588 
  TRUCKING ..................                 601,513,445       136,372,723      2,619,132 
  RAILROADS .................                 138,751,709        17,585,812        338,703 
  MISCELLANEOUS .............                 170,101,285        30,489,360        582,600 
                                                                                           
URBAN TRANSPORTATION ........    0.642        103,884,785        85,107,507        545,128 
  LOCAL/SUBURBAN TRANSIT ....                  28,823,892        17,011,564        108,872 
  TRUCKING ..................                  54,734,744        48,358,417        310,030 
  MISCELLANEOUS .............                  20,326,149        19,737,526        126,226 
                                                                                           
OTHER PUBLIC SERVICE ........    1.926         79,593,803        34,028,876        654,856 
  WATER TRANSPORT ...........                  59,082,051        22,129,470        426,174 
  MISCELLANEOUS .............                  20,511,752        11,899,406        228,682 
                                                                                           
TOTAL........................              $2,466,963,949    $1,371,801,242    $47,460,441