Reconciliation of Previously Reported Quarterly Information The following table presents the changes to previously reported quarterly amounts to reflect the discontinuance of Europe operations (see Note 3) and to report certain trading activities on a net basis (see Note 2). Net income was not affected by these changes.

    QUARTER ENDED
Increase (Decrease) from Previously Reported March 31 June 30 Sept. 30 Dec. 31
2002:
Revenues — to reflect trading activities on a net basis $(1,703) $(1,524) $— $—
Revenues — from discontinued operations $(3,944) $(3,173) $(1,358) $—
Income (loss) from discontinued operations, net of tax effect $(2) $23 $(44) $—
2001:
Revenues — to reflect trading activities on a net basis $(2,233) $(1,039) $(981) $(906)
Revenues — from discontinued operations $(3,365) $(2,706) $(2,884) $(3,764)
Income from discontinued operations, net of tax effect $76 $81 $29 $6

19. Subsequent Events (Unaudited)

In early March 2003, TXU Energy issued $1.25 billion aggregate principal amount of senior unsecured notes in two series in a private placement with registration rights. One series of $250 million is due March 15, 2008, and bears interest at the annual rate of 6.125%, and the other series of $1 billion is due March 15, 2013, and bears interest at the annual rate of 7%. Net proceeds from the issuance will be used for general corporate purposes, including the repayment of advances from affiliates.

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