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2002 Working Capital Survey - Chart 38
Utilities
CFO Staff, CFO Magazine

UTILITIES

Company Name Sales ($ Mill.) DWC DWC Change Over Last Year DWC 3 Year Ave. DPO DPO Change Over Last Year DPO 3 Year Ave. Inven- tory Turns Inven- tory Turns Change Over Last Year Inven- tory Turns 3 Year Ave. DSO DSO Change Over Last Year DSO 3 Year Ave. CCE CCE 3 Year Ave.

TXU CORP.

$7,404

12

-5

15

13

6

10

14

6

10

14

5

12

21%

25%

ENTERGY ARKANSAS, INC.

$1,777

15

24

6

18

-30

30

10

1

9

16

-4

18

23%

23%

EDISON INTERNATIONAL

$11,436

-58

-60

-12

109

68

61

15

-7

14

40

7

37

26%

20%

AMERICAN WATER WORKS CO. INC.

$1,439

28

9

20

17

3

17

0

0

0

37

10

30

23%

24%

ENTERGY CORP.

$9,621

5

16

-2

22

-21

32

10

-2

12

10

-7

13

23%

20%

QUESTAR CORP.

$1,439

14

-9

22

51

-28

61

14

0

12

52

-39

71

26%

23%

DQE INC.

$1,296

25

-7

31

36

-4

35

20

3

11

54

-11

56

21%

24%

CLEVELAND ELECTRIC ILLUMINATING COMPANY

$1,865

39

3

40

10

-3

24

9

2

5

37

4

44

26%

25%

FLORIDA POWER & LIGHT COMPANY

$6,361

20

-2

23

26

3

23

8

1

8

28

2

29

13%

22%

VIRGINIA ELECTRIC & POWER COMPANY

$4,944

34

-3

33

75

8

62

5

-3

7

82

-5

74

22%

23%

DAYTON POWER & LIGHT COMPANY (THE)

$1,294

37

-13

50

29

-7

32

9

5

5

54

-6

58

22%

25%

ALLIANT ENERGY CORP.

$2,777

-2

3

2

32

-13

36

6

0

6

9

-10

17

17%

18%

COLUMBUS SOUTHERN POWER COMPANY

$1,356

9

-23

27

24

16

15

12

4

9

20

-2

26

27%

22%

FLORIDA POWER CORP.

$2,891

33

4

29

26

2

24

9

3

8

41

12

33

16%

22%

AMEREN CORP.

$4,506

24

1

25

32

-12

37

7

0

7

32

-13

38

16%

21%

DPL INC.

$1,200

34

-7

42

35

-4

37

5

-3

5

50

-17

60

26%

24%

JERSEY CENTRAL POWER & LIGHT COMPANY

$1,979

11

-4

13

18

3

16

0

0

0

29

-1

28

18%

19%

SOUTHERN CO. (THE)

$10,155

44

3

43

30

-1

29

4

-1

5

41

-7

43

23%

24%

FPL GROUP, INC.

$8,475

22

-1

23

20

-9

24

12

4

9

27

-5

29

23%

20%

PUBLIC SERVICE CO. OF OKLAHOMA

$963

5

-18

13

40

18

29

10

4

8

23

7

18

17%

19%

ARIZONA PUBLIC SERVICE COMPANY

$3,311

38

7

32

11

-17

22

16

-4

15

37

-12

42

18%

22%

CONSTELLATION ENERGY GROUP, INC.

$2,721

68

32

53

72

-28

70

5

0

5

99

-6

90

21%

25%

FIRSTENERGY CORP.

$7,999

35

17

23

32

7

26

6

0

5

49

21

33

16%

20%

NATIONAL FUEL GAS COMPANY

$2,100

14

-13

20

29

4

27

10

2

8

23

-8

27

20%

19%

SOUTH CAROLINA ELECTRIC & GAS CO.

$1,715

45

-13

52

21

-1

21

7

0

7

45

-17

52

27%

24%

CALPINE CORP.

$7,544

-12

-1

-8

62

-59

74

73

42

55

47

-58

61

7%

15%

GREAT PLAINS ENERGY, INC.

$1,462

13

5

15

43

-8

42

9

2

7

38

0

35

19%

18%

OHIO POWER COMPANY

$2,228

22

-29

42

29

-3

31

6

2

5

23

-21

39

29%

22%

PINNACLE WEST CAPITAL CORP.

$4,551

17

-6

20

22

-16

28

26

3

20

29

-21

39

13%

18%

AGL RESOURCES INC.

$1,049

32

12

27

29

8

20

4

1

5

19

1

17

10%

19%

EXELON CORP.

$15,140

29

-39

37

23

-35

32

11

6

9

41

-63

54

24%

20%

PNM RESOURCES, INC.

$2,352

10

6

8

19

-40

38

48

16

32

23

-31

38

14%

15%

LOUISVILLE GAS AND ELECTRIC COMPANY

$983

49

14

42

50

7

50

5

0

5

63

20

56

16%

20%

RGS ENERGY GROUP, INC.

$1,530

20

-1

21

21

-6

22

12

-1

12

25

-9

29

16%

16%

TECO ENERGY, INC.

$2,649

35

-2

36

37

-7

40

1

0

1

48

-9

51

19%

19%

PROGRESS ENERGY INC.

$8,461

48

2

47

31

-43

41

3

0

3

41

-42

53

17%

20%

SOUTHERN CALIFORNIA GAS COMPANY

$3,716

29

-8

31

16

-31

27

50

30

24

41

-35

51

8%

18%

PPL CORP.

$5,725

17

-1

17

36

3

33

8

-4

10

37

-1

36

16%

16%

NICOR INC.

$2,544

-2

-15

10

57

-40

73

58

13

42

51

-54

78

19%

14%

CLECO CORP.

$1,059

-3

0

-4

29

-17

36

12

-3

12

16

-17

21

12%

12%

CONSUMERS ENERGY COMPANY

$3,935

33

14

26

24

2

21

6

-1

6

21

12

14

12%

16%

SOUTHWEST GAS CORP.

$1,397

12

33

1

29

-40

40

0

0

0

41

-7

41

9%

13%

UNISOURCE ENERGY CORP.

$1,445

20

-13

28

21

-2

20

18

8

13

30

-11

34

15%

17%

SEMPRA ENERGY

$8,029

11

2

9

32

-28

42

11

3

10

30

-22

37

9%

14%

CONSOLIDATED EDISON INC.

$9,634

6

1

8

25

-14

32

24

3

20

23

-12

30

14%

14%

ALABAMA POWER COMPANY

$3,586

63

-12

69

15

-5

17

5

-1

6

49

-23

59

23%

22%

ALLETE, INC.

$1,528

29

27

20

57

-23

61

7

-2

8

78

4

73

7%

15%

WESTERN RESOURCES

$2,186

22

7

24

21

-3

23

7

-3

8

19

-5

27

10%

15%

WEST PENN POWER COMPANY

$1,046

44

24

33

11

-4

17

34

-10

18

49

18

39

4%

16%

DTE ENERGY COMPANY

$7,849

31

-2

32

32

6

28

8

1

6

40

3

36

10%

16%

XCEL ENERGY INC.

$15,028

12

7

12

33

-17

40

13

0

12

29

-12

35

11%

13%

PUBLIC SERVICE ENTERPRISE GROUP INC.

$8,852

42

11

36

33

-9

37

4

0

4

47

-2

47

15%

16%

EQUITABLE RESOURCES INC.

$1,764

26

4

27

21

-42

38

12

0

13

27

-39

48

7%

14%

APPALACHIAN POWER COMPANY

$1,860

36

0

36

30

17

19

10

3

8

47

24

33

15%

15%

MIDAMERICAN ENERGY HOLDINGS COMPANY

$5,061

12

-17

20

19

-32

35

26

-3

26

24

-49

48

17%

12%

UIL HOLDINGS CORP.

$1,086

58

12

41

14

-63

44

56

1

51

67

-50

79

14%

14%

PUGET ENERGY INC.

$3,374

22

19

14

18

-25

31

27

2

24

30

-6

34

9%

10%

NISOURCE INC.

$3,145

-39

-10

-18

75

-64

84

7

5

4

9

-1

16

5%

6%

KEYSPAN CORP.

$6,633

34

-12

37

60

-45

80

6

1

5

70

-53

90

13%

13%

NORTHEAST UTILITIES INC.

$6,874

14

8

11

36

2

33

44

22

24

44

15

34

5%

9%

WISCONSIN ENERGY CORP.

$3,929

52

-1

51

29

-18

35

4

0

4

40

-17

46

13%

15%

PIEDMONT NATURAL GAS COMPANY, INC.

$1,108

19

1

17

14

-25

27

11

4

8

9

-16

16

14%

9%

MDU RESOURCES GROUP INC.

$2,224

44

-1

45

18

-15

25

6

-5

7

47

-20

54

16%

13%

COVANTA ENERGY CORP.

$1,009

75

-5

81

15

-13

21

0

0

0

90

-17

102

29%

18%

PG&E CORP.

$26,232

-22

-27

4

91

53

53

60

28

33

64

28

49

-3%

7%

OGE ENERGY CORP.

$3,182

19

-20

34

18

-19

27

20

10

12

24

-26

39

17%

11%

NSTAR

$3,192

38

7

18

24

-13

32

36

5

30

56

-6

44

10%

9%

ALLEGHENY ENERGY INC.

$10,379

12

-18

20

13

-22

21

44

27

25

18

-34

31

3%

9%

SCANA CORP.

$3,451

41

-11

47

29

-13

35

9

-2

9

45

-29

58

14%

12%

PEOPLES ENERGY CORP.

$2,270

17

-19

20

48

-2

49

14

9

8

47

2

41

7%

8%

FERRELLGAS PARTNERS, L.P.

$1,469

16

-10

18

14

-22

26

14

7

11

14

-20

25

7%

8%

DUKE ENERGY CORP.

$57,780

13

1

15

27

-32

41

49

-6

45

33

-33

50

8%

8%

WPS RESOURCES CORP.

$2,676

2

-10

12

46

-17

49

20

4

15

34

-26

45

5%

7%

UGI CORP.

$2,468

21

-5

24

25

-8

28

13

4

10

27

-8

30

8%

9%

CINERGY CORP.

$12,923

9

-3

11

29

-36

44

43

6

33

32

-39

46

5%

7%

DOMINION

$10,558

118

-15

103

8

1

17

2

0

3

61

-25

67

23%

20%

MIRANT CORP.

$31,502

-3

12

-6

32

-85

59

79

40

42

25

-68

45

1%

4%

AMERIGAS PARTNERS, L.P.

$1,323

29

1

29

20

-5

22

11

2

10

29

-3

30

12%

9%

AMERICAN ELECTRIC POWER CO. INC.

$61,257

-2

-13

4

13

-13

18

0

0

0

11

-26

23

5%

5%

ATLANTIC CITY ELECTRIC COMPANY

$1,041

39

3

37

20

1

20

59

-3

33

56

2

52

4%

10%

IDACORP INC.

$5,648

-3

-1

-1

16

-17

22

142

75

76

11

-16

17

0%

4%

RELIANT ENERGY INC.

$46,226

8

8

6

11

-27

22

69

20

53

15

-17

23

4%

5%

AES CORP. (THE)

$9,327

55

-12

63

32

-4

34

11

1

10

62

-12

71

18%

12%

AQUILA, INC.

$28,975

-2

-2

0

61

27

48

141

75

81

56

28

44

3%

3%

INDIANA MICHIGAN POWER COMPANY

$1,548

21

-11

33

28

8

21

8

2

6

25

2

28

8%

7%

ATMOS ENERGY CORP.

$1,443

34

2

33

21

-10

27

11

4

9

31

-2

33

6%

7%

NUI CORP. (NEW)

$1,134

1

-4

3

49

-3

49

16

-4

19

32

-11

37

-2%

3%

WGL HOLDINGS INC.

$1,933

43

8

36

22

-18

31

7

3

5

36

7

33

4%

7%

CMS ENERGY CORP.

$9,597

40

3

38

43

0

44

8

-5

9

52

-8

57

4%

7%

CONECTIV INC.

$5,790

26

-5

30

22

-14

29

35

5

28

40

-18

50

2%

6%

DYNEGY INC.

$42,242

6

1

7

30

-29

42

103

1

89

33

-27

45

2%

1%

CORNERSTONE PROPANE PARTNERS, L.P.

$4,206

2

-4

5

12

6

9

131

81

59

11

6

9

2%

1%

AVISTA CORP.

$6,010

3

3

1

22

-19

30

257

-98

290

24

-16

30

-2%

0%

RELIANT RESOURCES, INC.

$36,546

8

11

4

10

-28

21

201

12

197

16

-17

23

0%

0%

NORTHWESTERN CORP.

$4,238

19

8

16

23

-10

26

32

-12

34

33

-3

33

3%

2%

POTOMAC ELECTRIC POWER COMPANY

$2,503

31

2

32

33

-1

34

35

2

13

59

1

54

-4%

4%

ENERGY EAST CORP.

$3,760

44

10

32

22

-21

29

19

0

22

55

-11

51

4%

3%

ONEOK INC.

$6,803

21

-4

29

21

-48

48

57

-20

39

36

-53

69

2%

1%

SOUTHERN UNION COMPANY

$1,933

42

17

35

20

-14

24

15

5

14

41

8

37

-7%

0%

LACLEDE GROUP, INC.

$1,002

52

-27

63

12

-18

19

7

4

4

29

-7

31

4%

4%

TXU GAS COMPANY

$1,229

92

16

86

148

-187

205

5

-2

5

196

-188

252

29%

7%

HAWAIIAN ELECTRIC INDUSTRIES

$1,727

613

-77

690

25

-1

27

0

0

0

639

-78

717

15%

15%

UTILITIES Average

$7,060

30

-2

32

31

-14

35

26

4

21

45

-14

50

13%

14%



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