content_image/19431.jpg content_image/19428.jpg content_image/19427.jpg
## Components of Future Income Taxes 

(millions of dollars) 

<img src='content_image/19431.jpg'>

Under the deferral method, the components of deferred income taxes were as follows. 

(millions of dollars) 

<img src='content_image/19428.jpg'>

Accumulated future income taxes related to rate-regulated operations which have not been recorded in the accounts amounted to $561.9 million at December 31, 2000 (1999 — $743.3 million). Had the liability method been prescribed by the regulatory authorities for ratemaking purposes, such amounts would have been recorded and recovered in revenues to date. 

At December 31, 2000, the Company has unused tax loss carryforwards of $459.4 million. The losses expire as follows: 2001 — $0.1 million; 2002 — $0.5 million; 2003 — $0.7 million; 2004 — $8.9 million; 2005 — $54.9 million; 2006 — $159.7 million; and 2007 — $234.6 million. 

## Income Tax Rate Reconciliation 

<img src='content_image/19427.jpg'>

In 2000, income taxes paid amounted to $114.7 million (1999 — $79.6 million; 1998 — $163.5 million). 

