Semiannual Indexes Used in Deriving Estimates of the Value of Construction Put in Place in Constant Dollars (1996=100)

Handy-Whitman public utility C.A. Turner Building Electric Gas Water telephone plant

January-June 1964 19 18 (NA) (NA) (NA) July-December 1964 20 19 (NA) (NA) (NA) January-June 1965 20 19 (NA) (NA) (NA) July-December 1965 20 19 (NA) (NA) (NA) January-June 1966 20 20 (NA) (NA) (NA) July-December 1966 21 20 (NA) (NA) (NA) January-June 1967 21 20 (NA) (NA) (NA) July-December 1967 21 21 (NA) (NA) (NA) January-June 1968 22 21 (NA) (NA) (NA) July-December 1968 22 21 (NA) (NA) (NA) January-June 1969 23 22 (NA) (NA) (NA) July-December 1969 24 23 (NA) (NA) (NA) January-June 1970 25 24 (NA) (NA) (NA) July-December 1970 25 25 (NA) (NA) (NA) January-June 1971 27 25 (NA) (NA) (NA) July-December 1971 28 26 (NA) (NA) (NA) January-June 1972 30 27 (NA) (NA) (NA) July-December 1972 31 28 (NA) (NA) (NA) January-June 1973 32 28 (NA) (NA) (NA) July-December 1973 34 30 (NA) (NA) (NA) January-June 1974 35 31 32 35 46 July-December 1974 41 36 35 39 52 January-June 1975 44 39 39 42 53 July-December 1975 46 42 40 44 52 January-June 1976 45 43 42 43 54 July-December 1976 46 44 43 45 56 January-June 1977 47 45 45 46 57 July-December 1977 49 48 47 48 59 January-June 1978 50 48 49 49 61 July-December 1978 53 50 51 52 62 January-June 1979 56 52 53 54 65 July-December 1979 59 55 55 57 70 January-June 1980 63 58 57 61 75 July-December 1980 66 60 60 64 80 January-June 1981 68 63 63 67 79 July-December 1981 70 65 67 68 80 January-June 1982 68 68 69 68 81 July-December 1982 69 69 72 70 82 January-June 1983 70 70 72 71 81 July-December 1983 71 72 73 72 79 January-June 1984 71 72 75 73 77 July-December 1984 74 73 76 75 75 January-June 1985 77 74 76 76 77 July-December 1985 76 74 76 76 78 January-June 1986 76 74 73 77 77 July-December 1986 78 74 73 78 76

(NA) Not Available Indexes as of: 6/30/2003 Semiannual Indexes Used in Deriving Estimates of the Value of Construction Put in Place in Constant Dollars (1996=100)

Handy-Whitman public utility C.A. Turner Building Electric Gas Water telephone plant

January-June 1987 78 74 74 78 77 July-December 1987 79 75 75 79 78 January-June 1988 80 77 78 80 75 July-December 1988 83 81 80 82 77 January-June 1989 83 82 82 83 82 July-December 1989 85 84 84 84 86 January-June 1990 85 85 85 84 85 July-December 1990 86 87 86 86 86 January-June 1991 84 87 86 85 88 July-December 1991 83 88 88 86 87 January-June 1992 82 87 88 85 87 July-December 1992 85 89 89 87 87 January-June 1993 87 91 90 89 88 July-December 1993 89 91 90 91 89 January-June 1994 91 93 96 93 89 July-December 1994 95 95 96 95 90 January-June 1995 96 97 99 97 92 July-December 1995 96 98 99 98 96 January-June 1996 98 99 98 99 99 July-December 1996 100 100 100 100 100 January-June 1997 102 101 101 102 101 July-December 1997 103 102 103 102 102 January-June 1998 103 103 104 103 103 July-December 1998 104 104 104 104 102 January-June 1999 105 105 105 106 102 July-December 1999 106 105 106 106 100 January-June 2000 109 106 110 108 101 July-December 2000 111 110 111 113 103 January-June 2001 112 111 113 115 105 July-December 2001 114 112 114 117 106 January-June 2002 115 114 115 117 107 July-December 2002 116 116 116 120 108 January-June 2003 116 118 117 122 109 July-December 2003

(NA) Not Available Indexes as of: 6/30/2003