CHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA. August 1, 2013
|
|
- Horace Potter
- 5 years ago
- Views:
Transcription
1 ANCHORAGE, ALASKA To: From: Subject: Sherri McKay-Highers, Chief Financial Officer Renee Curran, Senior Financial Analyst June 2013 Year-to-Date Financial Results kwh Sales Retail kwh Sales 579,595, ,300,000 Wholesale kwh Sales 639,754, ,592,000 Total Firm kwh Sales 1,219,349,880 1,230,892,000 Economy Energy kwh Sales 175,942, ,329,000 Total kwh Sales 1,395,291,880 1,387,221,000 Year-to-date firm kwh sales through June 2013 totaled 1,219,349,880, which were 0.9% under budget. Retail kwh sales were under budget by 0.8% due primarily to lower than anticipated sales to residential customers. Wholesale kwh sales were 1.1% lower than budgeted, due primarily to lower than anticipated sales to Homer Electric Association (HEA). June 2013 economy energy sales to Golden Valley Electric Association (GVEA) totaled 175,942,000, which were 12.6% higher than budget. Energy Revenue (in millions) Retail Revenue $ 78.2 $ 76.1 Wholesale Revenue Total Firm Revenue Economy Energy kwh Sales Total kwh Sales $ $ Revenue from firm sales totaled $132.1 million through June 2013 compared to $127.2 million in the budget. Firm base revenue was lower than expected due to lower sales to residential customers and HEA, however, that variance was more than offset by higher fuel costs recovered in revenue through the fuel and purchased power adjustment process. Economy energy revenue totaled $18.4 million compared to $13.9 million in the budget. Economy energy base revenue was higher than expected due to higher kwh sales coupled with higher economy fuel costs recovered in revenue.
2 June 2013 Year-to-Date Financial Results Page 2 Other Operating Revenue (in millions) Other Operating Revenue $ 2.0 $ 1.2 Other operating revenue includes late fees, pole rental, wheeling, microwave and miscellaneous service and other electric revenue. Other operating revenue through June 2013 totaled $2.0 million compared to $1.2 million in the budget. The variance was due primarily to higher than anticipated wheeling revenue associated with sales to GVEA. Power Production (in millions) Operating & Maintenance $ 10.1 $ 10.5 Fuel Total $ 80.3 $ 68.5 Actual power production operating and maintenance expense through June 2013 was $10.1 million compared to $10.5 million in the budget. Lower than anticipated expense labor and ammonia expense at SPP was somewhat offset by higher costs associated with control repairs at Beluga. Fuel expense through June 2013 was $70.2 million compared to $58.0 million projected in the budget. This variance was due primarily to higher than anticipated MCF, due to more than anticipated sales to GVEA, more production due to Nikiski maintenance and commissioning activities and a higher average effective delivered price, due in part to higher than expected transportation costs. Actual fuel purchased for production through June was 12,205,367 MCF at an average effective delivered price of $5.52 per MCF compared to 10,226,147 MCF in the budget at an average effective delivered price of $5.33 per MCF. Purchased Power (in millions) Total Purchased Power $ 12.9 $ 14.5 Purchased power expense through June 2013 totaled $12.9 million, which included the cost of 1,151,891 MCF of fuel associated with purchases from Nikiski, compared to $14.5 million in the budget, which included the cost of 1,709,632 MCF of fuel associated with Nikiski. The variance was due primarily to a lower average effective price, which was primarily caused by Nikiski maintenance and higher than anticipated purchases from Bradley Lake. We purchased 254,739 MWh of energy at an average effective price of 4.57 cents per kwh compared to 251,449 MWh of energy at an average effective price of 5.27 cents per kwh in the budget.
3 June 2013 Year-to-Date Financial Results Page 3 Transmission Operations and Maintenance (in millions) Total Transmission $ 3.5 $ 3.6 Transmission operations and maintenance expense through June 2013 totaled $3.5 million compared to $3.6 million in the budget. This variance was due primarily to lower labor charged to this financial statement category and lower than anticipated overhead line clearing, which was partially offset by unplanned foundation repairs in Girdwood. Distribution Operations and Maintenance (in millions) Total Distribution $ 6.3 $ 6.2 Distribution operations and maintenance expenses through June 2013 totaled $6.3 million compared to $6.2 million in the budget. This variance was due primarily to higher labor charged to this financial statement category and higher than anticipated costs allocated to this financial statement category from information services. This variance was largely offset by the recognition of a FEMA grant awarded as a result of the September 2012 storm damage. Consumer Accounts / Customer Information (in millions) Total Consumer / Customer Information $ 3.2 $ 3.2 Consumer accounts and customer information expense through June 2013 totaled $3.2 million compared to $3.2 million in the budget. While not an overall variance, higher than anticipated labor was offset by lower than anticipated costs associated with the Energy Efficiency Program. Administrative & General (in millions) Total Administrative & General $ 11.0 $ 11.7 Administrative and general expenses through June 2013 totaled $11.0 million compared to $11.7 million in the budget. This variance was due primarily to lower than anticipated costs allocated to this financial statement category from information services and lower costs associated with safety and human resource initiatives, which were somewhat offset by costs associated with prior worker s compensation claims. The summary of all the above operations and maintenance expense through June 2013 total $117.2 million compared to $107.7 million in the 2013 budget. Depreciation expense totaled $20.0 million compared to $19.7 million in the budget, with no significant variance.
4 June 2013 Year-to-Date Financial Results Page 4 Tax expense totaled $409.5 thousand compared to $410.2 thousand in the budget, with no significant variance. Interest expense totaled $12.4 million compared to $12.5 million in the budget, with no significant variance. Interest during construction totaled $1.1 million compared to $1.0 million in the budget, with no significant variance. Other deductions include donations, preliminary survey and investigation charges of abandoned projects and obsolete inventory write-offs which are not attributable to operating or maintenance accounts. Other deductions through June 2013 totaled $255.2 thousand compared to $300.0 thousand in the budget. The variance was due primarily to lower than anticipated inventory write-offs. All of the foregoing expenses resulted in total cost of electric service of $149.3 million compared to $139.6 million in the 2013 budget. Non-operating margins include interest income, allowance for funds used during construction (AFUDC), capital credit and patronage capital allocations and extraordinary items. Through June 2013 nonoperating margins totaled $210.5 thousand compared to $369.4 thousand in the budget. This variance was due primarily to a loss in the market value of marketable securities which was somewhat offset by higher AFUDC caused by a higher than anticipated average CWIP balance that is equity financed. The net result of revenue and expenses through June 2013 was margins of $3.5 million compared to projected margins of $3.1 million in the budget. Per the attached comparative financial report on page 7, the current 6 months actual/6 months forecast projects year end margins of $14.2 million and an MFI/I of 1.58.
5 COMPARATIVE FINANCIAL REPORT STATEMENT OF OPERATIONS JUNE 2013 Page JUNE JUNE JUNE CATEGORY ACTUALS BUDGET VARIANCE REVENUES: TOTAL REVENUE $23,963,676 $21,703,789 $2,259,887 EXPENSES: FUEL EXPENSE 11,500,004 8,358,124 3,141,880 POWER PRODUCTION EXPENSE 1,763,099 1,957,549 (194,450) COST OF PURCHASED POWER 1,762,218 2,554,107 (791,889) TRANSMISSION EXPENSE 703, , ,404 DISTRIBUTION EXPENSE-OPERATIONS 562, , ,990 DISTRIBUTION EXPENSE-MAINTENANCE 632, ,060 42,177 CONSUMER ACCOUNTS EXPENSE 468, ,008 7,338 CUSTOMER SERVICE/INFO EXPENSE 25,191 42,725 (17,534) SALES EXPENSE ADMINISTRATIVE/GENERAL EXPENSE 1,661,051 1,831,842 (170,791) TOTAL OPERATIONS/MAINTENANCE EXP. $19,078,476 $16,786,351 $2,292,125 DEPRECIATION/AMORTIZATION EXPENSE 3,461,525 3,407,866 53,659 TAX EXPENSE-OTHER 62,383 63,389 (1,006) INTEREST ON LONG-TERM DEBT 2,017,729 2,016, INTEREST ON CONSTRUCTION-CREDIT (27,640) (29,375) 1,735 INTEREST ON SHORT-TERM DEBT 25,120 28,108 (2,988) OTHER DEDUCTIONS 48,030 50,000 (1,970) TOTAL COST OF ELECTRIC SERVICE $24,665,623 $22,323,237 $2,342,386 PATRONAGE CAPITAL/OPERATING MARGINS ($701,947) ($619,448) ($82,499) NON-OPERATING MARGINS-INTEREST 57,676 54,427 3,249 ALLOWANCE FUNDS USED DURING CONST. 12,564 8,051 4,513 NON-OPERATING MARGINS-OTHER (166,583) 0 (166,583) GENER./TRANS. CAPITAL CREDITS OTHER CAPITAL CREDITS/DIVIDENDS EXTRAORDINARY ITEMS PATRONAGE CAPITAL OR MARGINS ($798,286) ($556,970) ($241,316) MFI/I TIER
6 COMPARATIVE FINANCIAL REPORT STATEMENT OF OPERATIONS YEAR TO DATE Page ACTUALS BUDGET VARIANCE CATEGORY YTD YTD YTD REVENUES: TOTAL REVENUE $152,524,942 $142,315,964 $10,208,978 EXPENSES: FUEL EXPENSE 70,249,319 58,003,545 12,245,774 POWER PRODUCTION EXPENSE 10,060,684 10,531,273 (470,589) COST OF PURCHASED POWER 12,905,983 14,474,225 (1,568,242) TRANSMISSION EXPENSE 3,458,901 3,590,130 (131,229) DISTRIBUTION EXPENSE-OPERATIONS 2,868,219 2,577, ,309 DISTRIBUTION EXPENSE-MAINTENANCE 3,442,344 3,642,468 (200,124) CONSUMER ACCOUNTS EXPENSE 3,010,270 2,896, ,782 CUSTOMER SERVICE/INFO EXPENSE 177, ,535 (86,766) SALES EXPENSE ADMINISTRATIVE/GENERAL EXPENSE 11,037,992 11,716,508 (678,516) TOTAL OPERATIONS/MAINTENANCE EXP. $117,211,481 $107,697,082 $9,514,399 DEPRECIATION/AMORTIZATION EXPENSE 20,044,278 19,726, ,519 TAX EXPENSE-OTHER 409, ,151 (621) INTEREST ON LONG-TERM DEBT 12,314,927 12,330,009 (15,082) INTEREST ON CONSTRUCTION-CREDIT (1,077,540) (1,049,311) (28,229) INTEREST ON SHORT-TERM DEBT 112, ,141 (43,656) OTHER DEDUCTIONS 255, ,000 (44,783) TOTAL COST OF ELECTRIC SERVICE $149,270,378 $139,570,831 $9,699,547 PATRONAGE CAPITAL/OPERATING MARGINS $3,254,564 $2,745,133 $509,431 NON-OPERATING MARGINS-INTEREST 343, ,100 14,760 ALLOWANCE FUNDS USED DURING CONST. 78,341 40,254 38,087 NON-OPERATING MARGINS-OTHER (211,738) 0 (211,738) GENER./TRANS. CAPITAL CREDITS OTHER CAPITAL CREDITS/DIVIDENDS EXTRAORDINARY ITEMS PATRONAGE CAPITAL OR MARGINS $3,465,032 $3,114,487 $350,545 MFI/I TIER
7 COMPARATIVE FINANCIAL REPORT STATEMENT OF OPERATIONS 2013 FORECAST Page AMENDED REVISED CATEGORY BUDGET FORECAST REVENUES: TOTAL REVENUE $292,322,220 $301,941, EXPENSES: FUEL EXPENSE 119,104, ,350,765 1 POWER PRODUCTION EXPENSE 22,937,744 22,437,744 2 COST OF PURCHASED POWER 30,198,032 28,629,790 1 TRANSMISSION EXPENSE 6,935,287 6,928,755 2 DISTRIBUTION EXPENSE-OPERATIONS 5,337,214 5,334,211 2 DISTRIBUTION EXPENSE-MAINTENANCE 7,594,124 7,225,201 2 CONSUMER ACCOUNTS EXPENSE 5,898,476 5,894,087 2 CUSTOMER SERVICE/INFO EXPENSE 532, ,663 SALES EXPENSE 0 0 ADMINISTRATIVE/GENERAL EXPENSE 22,716,747 22,435,204 2 TOTAL OPERATIONS/MAINTENANCE EXP. $221,255,278 $230,768,420 DEPRECIATION/AMORTIZATION EXPENSE 40,166,298 40,166,298 TAX EXPENSE-OTHER 825, ,397 1 INTEREST ON LONG-TERM DEBT 24,389,924 24,374,842 1 INTEREST ON CONSTRUCTION-CREDIT (1,322,075) (1,350,304) 1 INTEREST ON SHORT-TERM DEBT 326, ,190 1 OTHER DEDUCTIONS 600, ,217 1 TOTAL COST OF ELECTRIC SERVICE $286,241,289 $295,622,060 PATRONAGE CAPITAL/OPERATING MARGINS $6,080,931 $6,319,138 NON-OPERATING MARGINS-INTEREST 658, ,673 1 ALLOWANCE FUNDS USED DURING CONST. 115, ,098 1 NON-OPERATING MARGINS-OTHER 7,000,000 6,788,262 1 GENER./TRANS. CAPITAL CREDITS 0 0 OTHER CAPITAL CREDITS/DIVIDENDS 300, ,005 1 EXTRAORDINARY ITEMS 0 0 PATRONAGE CAPITAL OR MARGINS $14,154,855 $14,234,176 MFI/I TIER Forecast based on 6 months actuals and 6 months forecast 2 Forecast has been adjusted to reflect known and measurable changes
CHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA. April 29, Sherri McKay-Highers, Manager, Budget and Financial Reporting
ANCHORAGE, ALASKA To: From: Subject: Ron Vecera, Interim Chief Financial Officer Sherri McKay-Highers, Manager, Budget and Financial Reporting March 2013 Year to Date Financial Results kwh Sales Retail
More informationCHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA. March 20, Sherri McKay-Highers, Manager, Budget and Financial Reporting
ANCHORAGE, ALASKA To: From: Subject: Ron Vecera, Interim Chief Financial Officer Sherri McKay-Highers, Manager, Budget and Financial Reporting kwh Sales Retail kwh Sales 116,746,326 117,739,000 Wholesale
More informationCHUGACH ELECTRIC ASSOCIATION 1 STATEMENT OF OPERATIONS. Allowance for Funds Used During Construction. Total Cost of Electric Service (MTD Actual)
FINANCIAL REPORT MARCH 2014 STATEMENT OF OPERATIONS CATEGORY 2014 MTD ACTUAL 2014 MTD BUDGET Operating Revenue and Patronage Capital Fuel and Purchased Power Expense Power Production Expense Transmission
More informationCHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA
CHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA Rachel Morse, Chair Harold Hollis, Vice Chair Susan Reeves Jim Henderson Bettina Chastain November 6, 2018
More informationCHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA
CHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA Sisi Cooper, Chair Susan Reeves, Vice Chair Jim Henderson Bettina Chastain May 7, 2018 4:00 p.m. Chugach
More informationCHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA
CHUGACH ELECTRIC ASSOCIATION, INC. ANCHORAGE, ALASKA AUDIT AND FINANCE COMMITTEE MEETING AGENDA Sisi Cooper, Chair Jim Henderson, Vice Chair Harry T. Crawford, Jr. Bettina Chastain Janet Reiser May 11,
More informationELECTRONICALLY FILED WITH RCA
ELECTRONICALLY FILED WITH RCA July 19, 2013 TARIFF ADVICE LETTER NO. 378-8 Regulatory Commission of Alaska 701 W. 8 th Avenue, Suite 300 Anchorage, AK 99501 Commissioners: The tariff filing described below
More informationHomer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai)
Homer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai) Consolidated Financial Statements and Supplementary Information Years Ended December 31, 2014 and 2013 This report was issued
More informationBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE OPERATING AND REVENUE FUNDS
Financial Statements and Supplementary Information BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE Years ended June 30, 2017 and 2016 (With Independent Auditor s Report) Financial Statements and Supplementary
More informationAudited Financial Statements and Other Financial Information BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE OPERATING AND REVENUE FUNDS
Audited Financial Statements and Other Financial Information BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE Years ended June 30, 2012 and 2011 Financial Statements and Other Financial Information Years ended
More informationMUNICIPALITY OF ANCHORAGE, ALASKA ELECTRIC UTILITY FUND. Financial Statements, Required Supplementary Information and Other Information
Financial Statements, Required Supplementary Information and Other Information (With Independent Auditor s Report Thereon) Table of Contents Financial Section: Independent Auditor s Report 1-3 Management
More informationHomer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai)
Homer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai) Consolidated Financial Statements and Supplementary Information Years Ended December 31, 2015 and 2014 This report was issued
More informationHomer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai)
Homer Electric Association, Inc. and Subsidiary (Alaska 5 and Alaska 33 Kenai) Consolidated Financial Statements and Supplementary Information Years Ended December 31, 2017 and 2016 This report was issued
More informationKey components of PSE's first quarter 2008 financial performance are highlighted below. All amounts are pre-tax unless otherwise noted.
News Release Puget Energy Reports First Quarter 2008 Financial Results First quarter 2008 income of 61 cents per diluted share First quarter 2008 income of 62 cents per diluted share from Puget Sound Energy
More informationSECOND AMENDED AND RESTATED ALASKA INTERTIE AGREEMENT. Among
SECOND AMENDED AND RESTATED ALASKA INTERTIE AGREEMENT Among ALASKA ENERGY AUTHORITY; MUNICIPALITY OF ANCHORAGE, ALASKA d.b.a. MUNICIPAL LIGHT AND POWER; CHUGACH ELECTRIC ASSOCIATION, INC.; GOLDEN VALLEY
More informationPreliminary 2019 Corporate Operating Plan. Javier Fernandez Vice President & CFO
Preliminary 2019 Corporate Operating Plan Javier Fernandez Vice President & CFO Assumptions Alignment with Board Strategic Directives Revenue Adjustments No General rate increase No change in the fuel
More informationFINANCIAL and STATISTICAL REPORT for FEBRUARY 2013
FINANCIAL and STATISTICAL REPORT for FEBRUARY 2013 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (509)422-3310 POST OFFICE BOX 912 FAX: (509)422-4020 OKANOGAN, WASHINGTON 98840 COMPARATIVE
More informationFINANCIAL and STATISTICAL REPORT for MARCH 2013
FINANCIAL and STATISTICAL REPORT for MARCH 213 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (59)422-331 POST OFFICE BOX 912 FAX: (59)422-42 OKANOGAN, WASHINGTON 9884 COMPARATIVE STATEMENT
More informationJefferson County PUD No. 1 Narrative to Accompany Monthly Financial Statements For the Period Ending September 30, 2017
Jefferson County PUD No. 1 Narrative to Accompany Monthly Financial Statements For the Period Ending September 3, 217 Combined Income Statement Page 1 This report provides an overview of the revenues and
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXHANGE ACT OF 1934 For the quarterly period ended
More informationFinancial and Operating Performance Factors
Management s Discussion and Analysis Management s discussion and analysis reviews the financial and operational results for the fiscal year ended March 31, 2016, relative to the previous year. This section
More informationAEA has entered into several agreements to provide for the operation and maintenance of the Project:
Internal Audit Report 2008-5 Introduction. According to information provided by the Alaska Energy Authority (AEA), the (Project) is located in South Central Alaska at the southern end of the Kenai Peninsula.
More informationOrlando Utilities Commission
NINE MONTHS ENDED June 2018 1 Orlando Utilities Commission Table of Contents Management s Discussion and Analysis 3 Statements of Revenues, Expenses and Changes 8 in Net Position based on Budget - Unaudited
More informationChugach Electric. Association ANNUAL REPORT
Chugach Electric Association ANNUAL REPORT 2006 Contents Year in Review 1 Chairman s Report 2 CEO s Report 3 2006 Board of Directors 4 Finance 5 Power Delivery 6 Power Supply 7 Generation Resources 8 Key
More informationAEP REPORTS SECOND-QUARTER 2017 EARNINGS; REAFFIRMS FULL-YEAR EARNINGS GUIDANCE
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Bette Jo Rozsa Director, External Communications Managing Director, Investor Relations 614/716-1120 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS SECOND-QUARTER
More informationWestar Energy, Inc Year-End Earnings. Released March 13, 2006
Westar Energy, Inc 2005 Year-End Earnings Released March 13, 2006 Contents Page Income statements 1 Balance sheets 3 Statements of cash flows 4 Earnings variances 5 Supplemental data 7 Bruce Burns Director
More informationUNIFORM SYSTEM OF ACCOUNTS ACCOUNT LISTING BALANCE SHEET CHART OF ACCOUNTS ASSETS AND OTHER DEBITS
BALANCE SHEET CHART OF ACCOUNTS ASSETS AND OTHER DEBITS 1. UTILITY PLANT 101 Electric plant in service (Major only). 101.1 Property under capital leases. 102 Electric plant purchased or sold. 103 Experimental
More informationORCAS POWER AND LIGHT COOPERATIVE 2018 Q3 FINANCIALS Q3 Financial Report Page 1 of 20
ORCAS POWER AND LIGHT COOPERATIVE 2018 Q3 FINANCIALS Page 1 of 20 MEMORANDUM November 09, 2018 To: Board of Directors From: Foster Hildreth, General Manager Re: OPALCO 2018 Third Quarter Financial Report
More informationBusiness Update Supplement SCE 2015 General Rate Case Decision
Business Update Supplement SCE 2015 General Rate Case Decision November 9, 2015 Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation,
More informationCMS ENERGY DELIVERS ITS 15 th YEAR OF STRONG OPERATIONAL AND FINANCIAL RESULTS; RAISES 2018 GUIDANCE
Page 1 of 15 To: Financial Community From: CMS Energy Investor Relations Ph: 517-788-2590; Fx: 517-788-1006 Date: February 14, 2018 http://www.cmsenergy.com Subject: CMS Energy Year-End 2017 Results and
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through October 2017 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationENMAX POWER CORPORATION Distribution AUC Rule 005: ANNUAL OPERATIONS FINANCIAL AND OPERATING REPORTING For the Year Ended December 31, 2017 $M
ENMAX POWER CORPORATION Distribution AUC Rule 005: ANNUAL OPERATIONS FINANCIAL AND OPERATING REPORTING For the Year Ended December 31, 2017 $M TABLE OF CONTENTS Schedule Schedule Name Page Sch 1 Summary
More informationLINCOLN ELECTRIC SYSTEM Revenue & Expense Statement (Condensed) DECEMBER 2018 PRELIMINARY
YEAR TO DATE LINCOLN ELECTRIC SYSTEM Revenue & Expense Statement (Condensed) DECEMBER 2018 (Dollar amounts in 000) 2018 2018 Percentage Actual Budget Difference Difference 10) Total Revenue $333,101 $320,678
More informationThunder Bay Hydro Electricity Distribution Inc. 1-1 GENERAL (Input) Enter general information related to the Application. EDR 2006 MODEL (ver. 2.
Thunder Bay Hydro Electricity Inc. 1-1 GENERAL (Input) Enter general information related to the Application Version: 2.1 Name of Applicant Thunder Bay Hydro Electricity Inc. License EB -0259 File (s) RP
More informationMUNICIPAL LIGHT AND POWER
] 1 MUNCPAL LGHT AND POWER -.. Municipal Light & Power ORGANZATON CHART OPERATONS MANAGER- MOA GEORGE J. VAKALS l GENERAL MANAGER THOMAS STAHR POWER ENGNEERNG DV. GENERATON DV. OPERATONS DV. MANAGEMENT
More informationLINCOLN ELECTRIC SYSTEM Revenue & Expense Statement (Condensed) NOVEMBER 2018
Revenue & Expense Statement (Condensed) NOVEMBER 2018 YEAR TO DATE (Dollar amounts in 000) 2018 2018 Percentage Actual Budget Difference Difference 1) Total Revenue $306,439 $295,389 $11,050 4% Comments
More informationFINANCIAL and STATISTICAL REPORT for JUNE 2014
FINANCIAL and STATISTICAL REPORT for JUNE 214 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (59)422-331 POST OFFICE BOX 912 FAX: (59)422-42 OKANOGAN, WASHINGTON 9884 COMPARATIVE STATEMENT
More informationYour Member-Owned Cooperative
Anya Hondel Don Pitcher Your Member-Owned Cooperative 2017 Annual Report MESSAGE from the Board & Management One of HEA Board of Directors biggest surprises of late; our members vote in late 2016 to reject
More informationAEP REPORTS EARNINGS FOR 2008 FOURTH QUARTER, YEAR
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Bette Jo Rozsa Sr. Manager, Corporate Media Relations Managing Director, Investor Relations 614/716-1120 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS
More informationFINANCIAL and STATISTICAL REPORT for MARCH 2014
FINANCIAL and STATISTICAL REPORT for MARCH 2014 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (509)422-3310 POST OFFICE BOX 912 FAX: (509)422-4020 OKANOGAN, WASHINGTON 98840 OPERATING REVENUE
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through February 2019 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationStatement of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: FROM: DATE: August 26, 2016 SUBJECT: OBJECTIVE: Commissioners Simpson, Helgeson, Manning, Mital and Brown Sue Fahey, CFO; Susan Eicher, Accounting
More informationYour Member-Owned Cooperative Annual Report
Your Member-Owned Cooperative 2016 Annual Report MESSAGE from the President & General Manager We are pleased to provide this annual report to the Homer Electric Association, Inc. (HEA) membership summarizing
More informationMunicipal Light & Power
Corporate Headquarters Anchorage, Alaska MUNICIPAL MANAGER DENIS C. LeBLANC ADMINISTRATION GENERAL MANAGER JAMES M. POSEY MARKETING GENERATION CUSTOMER SERVICE FINANCE REGULATORY ENGINEERING OPERATIONS
More informationDeferral and Variance Accounts and Darlington CWIP in Rate Base
Deferral and Variance Accounts and Darlington CWIP in Rate Base OPG Regulated Facilities Payment Amounts Stakeholder Meeting #2 April 1, 2010 Andrew Barrett Vice President, Regulatory Affairs & Corporate
More informationRevenue Requirement Application 2004/05 and 2005/06. Volume 1. Chapter 2. Consolidated Revenue Requirements and Financial Schedules
Revenue Requirement Application 00/0 and 00/0 Volume 1 Chapter. Consolidated Revenue Requirements and Financial Schedules Table of Contents LIST OF FIGURES... -IV LIST OF TABLES... -IV LIST OF SCHEDULES...-V
More informationLINCOLN ELECTRIC SYSTEM Revenue & Expense Statement (Condensed) DECEMBER 2018 UNAUDITED
YEAR TO DATE Revenue & Expense Statement (Condensed) DECEMBER 2018 (Dollar amounts in 000) 2018 2018 Percentage Actual Budget Difference Difference 10) Total Revenue $332,902 $320,678 $12,224 4% On a YTD
More informationReport of Independent Auditors and Consolidated Financial Statements for. Alaska Power & Telephone Company and Subsidiaries
Report of Independent Auditors and Consolidated Financial Statements for Alaska Power & Telephone Company and Subsidiaries December 31, 2016 and 2015 CONTENTS PAGE REPORT OF INDEPENDENT AUDITORS 1 2 CONSOLIDATED
More informationExhibit PSE-501 Period II John Story. Statement AA - Period II Puget Sound Energy Balance Sheets
Statement AA - Period II Balance Sheets Page 1 of 4 FERC 2010 Change 2011 Line No. Account Description Amount Amount Utility Plant 1. 101 Plant in Service $9,793,926,043 $478,686,201 $10,272,612,244 2.
More informationMUNICIPAL LIGHT & POWER
MUNICIPAL LIGHT & POWER MLP - 1 2010 Utility Profile Organization Municipal Light & Power (ML&P) is functionally structured into seven operating divisions: Generation & Power Management, Engineering, Operations,
More informationCMS ENERGY ANNOUNCES FIRST QUARTER EARNINGS OF $0.86 PER SHARE; REAFFIRMS 2018 GUIDANCE
Page 1 of 13 To: Financial Community From: CMS Energy Investor Relations Ph: 517-788-2590; Fx: 517-788-1006 Date: April 26, 2018 http://www.cmsenergy.com Subject: CMS Energy 2018 First Quarter Results
More informationAEP REPORTS STRONG 2018 FOURTH-QUARTER AND YEAR-END EARNINGS
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Bette Jo Rozsa Director, External Communications Managing Director, Investor Relations 614/716-1120 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS STRONG
More informationPreliminary 2018 Corporate Operating Plan. Mr. L. Javier Fernandez, Vice President and Chief Financial Officer
Preliminary Corporate Operating Plan Mr. L. Javier Fernandez, Vice President and Chief Financial Officer Assumptions Alignment with Board Strategic Directives Revenue Adjustments No General rate increase
More information2018 Corporate Operating Plan
2018 Corporate Operating Plan 2018 CORPORATE OPERATING PLAN TABLE OF CONTENTS Page Management Letter... 1 Corporate Strategic Planning... 2 Executive Summary... 7 Assumptions... 9 2018 Corporate Operating
More informationAEP REPORTS 2017 FIRST-QUARTER EARNINGS; PERFORMANCE ON TRACK DESPITE MILD WEATHER FOR THE QUARTER
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Bette Jo Rozsa Director, External Communications Managing Director, Investor Relations 614/716-1120 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS 2017
More informationTable 1: PG&E Corporation Business Priorities Advance business transformation. 2. Provide attractive shareholder returns
Table 1: PG&E Corporation Business Priorities 2007-2011 1. Advance business transformation 2. Provide attractive shareholder returns 3. Increase investment in utility infrastructure 4. Implement an effective
More informationEMERALD PEOPLE S UTILITY DISTRICT
EMERALD PEOPLE S UTILITY DISTRICT AUDIT REPORT Years Ended December 31, 2012, and 2011 KENNETH KUHNS & CO. Certified Public Accountants 570 Liberty Street S.E., Suite 210 Salem, Oregon 97301-3594 Telephone:
More informationLINCOLN ELECTRIC SYSTEM Revenue & Expense Statement (Condensed) JULY 2018
Revenue & Expense Statement (Condensed) JULY 2018 YEAR TO DATE (Dollar amounts in 000) 2018 2018 Percentage Actual Budget Difference Difference 1) Total Revenue $192,525 $185,641 $6,884 4% Retail revenues
More informationAEP REPORTS 2016 FIRST-QUARTER EARNINGS; PERFORMANCE ON TRACK DESPITE MILD WEATHER FOR THE QUARTER
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Bette Jo Rozsa Director, External Communications Managing Director, Investor Relations 614/716-1120 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS 2016
More informationKETCHIKAN PUBLIC UTILITIES 2016 ANNUAL BUDGET TABLE OF CONTENTS
2016 ANNUAL BUDGET TABLE OF CONTENTS BUDGET RESOLUTION Resolution No. 15 2610... A 1 TRANSMITTAL LETTER... B 1 SUMMARIES Revenues and Appropriations Summary... C 1 Summary of Expenditures All Divisions...
More informationU.S REGULATORY ACCOUNTING SYSTEMS IN PRACTICE
1 U.S REGULATORY ACCOUNTING SYSTEMS IN PRACTICE 15 DECEMBER 2008 ACCRA, GHANA 2 HOW IS REGULATORY ACCOUNTING USED? In order to determine reasonableness of charges Form basis to allocate costs used in determination
More informationLong Island Power Authority Approved 2002 Operating Budget Approved 2002 and 2003 Capital Budgets
Approved 2002 Operating Budget Approved 2002 and 2003 Capital Budgets George E. Pataki Governor Richard M. Kessel Chairman LONG ISLAND POWER AUTHORITY APPROVED 2002 OPERATING BUDGET APPROVED 2002 AND 2003
More informationBarrow Utilities and Electric Cooperative, Inc.
Barrow Utilities and Electric Cooperative, Inc. Financial Statements Years Ended December 31, 2016 and 2015 This report was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S.
More informationAMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
PRESENTATION MATERIALS FOR PRESS RELEASE & EARNINGS CALL as of: March 31, 2018 PRESENTATION MATERIALS FOR PRESS RELEASE & EARNINGS CALL as of: March 31, 2018 Contents Condensed Consolidated Statement of
More informationAEP REPORTS STRONG FIRST-QUARTER 2015 EARNINGS, DRIVEN BY SOLID PERFORMANCE IN REGULATED AND COMPETITIVE BUSINESSES
MEDIA CONTACT: ANALYSTS CONTACT: Tammy Ridout Bette Jo Rozsa Manager, Media Relations Managing Director, Investor Relations 614/716-2347 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS STRONG FIRST-QUARTER
More informationQUESTAR CORP. FORM U-3A-2 (Statement of exemption by Pubilc Utility Company) Filed 3/1/2005 For Period Ending 12/31/2004
QUESTAR CORP FORM U-3A-2 (Statement of exemption by Pubilc Utility Company) Filed 3/1/2005 For Period Ending 12/31/2004 Address 180 EAST 100 SOUTH ST PO BOX 45433 SALT LAKE CITY, Utah 84145 Telephone 801-534-5000
More informationFormula Rate - Non-Levelized Rate Formula Template For the 12 months ended 12/31/2019 Utilizing FERC Form 1 Data
Attachment O Page 1 of 5 Formula Rate - Non-Levelized Rate Formula Template For the 12 months ended 12/31/2019 Utilizing FERC Form 1 Data Northern Indiana Public Service Company LLC Line Allocated No.
More informationGreat Lakes Water Authority/ Detroit Water and Sewerage Department Five-year Financial Forecast Cash Basis. July 1, 2015 through June 30, 2020
Great Lakes Water Authority/ Detroit Water and Sewerage Department Cash Basis July 1, 2015 through June 30, 2020 Table of Contents Report Letter... 1 Project Summary... 2-3 Executive Summary... 4 Financial
More informationMember Regulation Electric Rate Review. Board of Director s Meeting March 18, 2013
Member Regulation Electric Rate Review Board of Director s Meeting March 18, 2013 1 Member Regulation Electric Rate Review Proposed Resolutions Resolution 2013-MR1 PSCR Factor Collection Reconciliation
More informationANNUAL REPORT. Central Maine Power Company. 83 Edison Drive, Augusta, ME TO THE PUBLIC UTILITIES COMMISSION OF THE STATE OF MAINE FOR THE
ANNUAL REPORT OF Name Address 83 Edison Drive, Augusta, ME 04336 TO THE PUBLIC UTILITIES COMMISSION OF THE STATE OF MAINE FOR THE YEAR ENDED December 31, 2017 PART I : IDENTIFICATION 01 Exact Legal Name
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a governmental unit, or to other governmental
More informationAMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
PRESENTATION MATERIALS FOR PRESS RELEASE & EARNINGS CALL as of: March 31, 2017 PRESENTATION MATERIALS FOR PRESS RELEASE & EARNINGS CALL as of: March 31, 2017 Contents Condensed Consolidated Statement of
More informationAEP REPORTS 2011 FIRST-QUARTER EARNINGS
MEDIA CONTACT: ANALYSTS CONTACT: Pat D. Hemlepp Bette Jo Rozsa Director, Corporate Media Relations Managing Director, Investor Relations 614/716-1620 614/716-2840 FOR IMMEDIATE RELEASE AEP REPORTS 2011
More informationANCHORAGE, ALASKA AO No
Submitted by: Chair of the Assembly at the Request of the Mayor Prepared by: Anchorage Water and Wastewater Utility For reading: December, 0 ANCHORAGE, ALASKA AO No. 0-0 0 AN ORDINANCE OF THE MUNICIPALITY
More information614/ / FOR IMMEDIATE RELEASE
MEDIA CONTACT: ANALYSTS CONTACT: Melissa McHenry Julie Sloat Manager, Corporate Media Relations Vice President, Investor Relations 614/716-1120 614/716-2885 FOR IMMEDIATE RELEASE AEP REPORTS 2004 THIRD-QUARTER
More informationANNUAL REPORT PUBLIC UTILITIES COMMISSION STATE OF MAINE. YEAR ENDED December 31, 2016 TO THE OF THE FOR THE. Central Maine Power Company.
ANNUAL REPORT OF Name Address 83 Edison Drive, Augusta, ME 04336 TO THE PUBLIC UTILITIES COMMISSION OF THE STATE OF MAINE FOR THE YEAR ENDED December 31, 2016 PART I : IDENTIFICATION 01 Exact Legal Name
More informationPublic Service Company of Colorado Gas Department Multi-Year Plan
Page 1 of 7 Public Service Company of Colorado Gas Department Multi-Year Plan Earnings Test Sharing Mechanism Calculation Methodologies and Adjustments for 2018 2020 Calendar Year Reports RATE BASE 1.
More informationGRAHAM COUNTY UTILITIES, INC. PIMA, ARIZONA FINANCIAL STATEMENTS WITH ACCOMPANYING INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2017 AND 2016 AND
PIMA, ARIZONA FINANCIAL STATEMENTS WITH ACCOMPANYING INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2017 AND 2016 AND REPORT OF BOLINGER, SEGARS, GILBERT & MOSS, L.L.P. LUBBOCK, TEXAS PIMA, ARIZONA FINANCIAL
More informationGRAHAM COUNTY UTILITIES, INC. PIMA, ARIZONA FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017 AND
PIMA, ARIZONA FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017 AND REPORT OF BOLINGER, SEGARS, GILBERT & MOSS, L.L.P. LUBBOCK, TEXAS PIMA, ARIZONA FINANCIAL
More informationRAYBURN COUNTY ELECTRIC COOPERATIVE, INC. ROCKWALL, TEXAS FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT
RAYBURN COUNTY ELECTRIC COOPERATIVE, INC. ROCKWALL, TEXAS FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 AND REPORT OF BOLINGER, SEGARS, GILBERT & MOSS,
More informationSchedule of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: Commissioners Simpson, Helgeson, Manning, Mital and Brown FROM: Sue Fahey, Chief Financial Officer; Susan Eicher, Accounting & Treasury Supervisor
More informationPROJECT COSTS, ECONOMICS, AND OTHER PUBLIC INTEREST CONSIDERATIONS
Filed: September, 00 EB-00-0 Schedule Page of PROJECT COSTS, ECONOMICS, AND OTHER PUBLIC INTEREST CONSIDERATIONS This set of exhibits describes the costs of the proposed facilities and the economics of
More informationThree months ended June 30, Six months ended June 30,
Table 1: Earnings Summary Second Quarter and Year-to-Date, 2005 vs. 2004 (in millions, except per share amounts) Three months ended June 30, Six months ended June 30, Earnings (Loss) Earnings (Loss) per
More informationAMERICAN ELECTRIC POWER COMPANY, INC.
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported)
More informationThird Quarter of the Fiscal Year Ending March 31, 2012 Brief Report of Consolidated Financial Statements (Japanese GAAP)
Third Quarter of the Fiscal Year Ending March 31, 2012 Brief Report of Consolidated Financial Statements (Japanese GAAP) January 30, 2012 Name of Listed Company : Osaka Gas Co., Ltd. Listed Exchanges:
More informationSouthwestern Public Service Company. Transmission. Formula Rate Template. and Supporting Worksheets. Schedule 1 Annual Revenue Requirement
Transmission Formula Rate Template and Supporting Worksheets Schedule 1 Annual Revenue Requirement For the 2014 TrueUp For the Period January 1, 2014 through December 31, 2014 Rate Formula Template Table
More informationENVIRONMENTAL COMPLIANCE OVERVIEW (ECO) PLAN RATE SCHEDULE "ECO-2"
1 of 6 June 14, 2012 June 11, 2008 APPLICABILITY The Rate Schedule applies to electric service used by all retail customers. To the extent that any provision in this schedule may conflict with applicable
More informationFormula Rate - Non-Levelized Rate Formula Template For the 12 months ended 12/31/17 Utilizing FERC Form 1 Data
Attachment O Page 1 of 5 Formula Rate - Non-Levelized Rate Formula Template For the 12 months ended 12/31/17 Utilizing FERC Form 1 Data Northern Indiana Public Service Company Line Allocated No. Amount
More informationFirst Quarter of the Fiscal Year Ending March 31, 2014 Brief Report of Consolidated Financial Statements (Japanese GAAP)
First Quarter of the Fiscal Year Ending March 31, 2014 Brief Report of Consolidated Financial Statements (Japanese GAAP) July 30, 2013 Name of Listed Company : Osaka Gas Co., Ltd. Listed Exchanges: 1 st
More information2019 Corporate Operating Plan
2019 Corporate Operating Plan 2019 CORPORATE OPERATING PLAN 1 2 2019 CORPORATE OPERATING PLAN TABLE OF CONTENTS Page Management Letter... 5 Corporate Strategic Planning... 9 Assumptions... 15 2019 Corporate
More informationPG&E Corporation. Table 1: Earnings Summary Third Quarter and Year-to-Date, 2005 vs (in millions, except per share amounts)
Table 1: Earnings Summary Third Quarter and Year-to-Date, 2005 vs. 2004 (in millions, except per share amounts) Three months ended September 30, Nine months ended September 30, Earnings (Loss) Earnings
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a governmental unit, or to other governmental
More informationMUNICIPAL LIGHT AND POWER
BUDGET DETAL MUNCPAL LGHT AND POWER Municipal Light & Power ORGANZATON CHART OPERATONS MANAGER- MOA GEORGE J. VAKALS GENERAL MANAGER THOMAS STAHR POWER ENGNEERNG DV. GENERATON DV. OPERATONS DV. MANAGEMENT
More informationBarrow Utilities and Electric Cooperative, Inc.
Barrow Utilities and Electric Cooperative, Inc. Financial Statements Years Ended December 31, 2013 and 2012 This report was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S.
More informationTacoma Narrows Airport Financial Report May 2008
Tacoma Narrows Airport Financial Report May 2008 City of Tacoma Transportation Services Division Public Works Department Prepared by: Sheri Hayes Table of Contents Management s Discussion and Analysis...
More informationhydro /Yl- Fax: (604) Y,-- ww.bchydro. com Yours sinc
-".... /Yl- -.-'- BC hydro Tony Morris Acting Chief Regulatory Offcer Phone: (604) 623-4046 Fax: (604) 623-4407 June 27, 2005 Mr. Robert J. Pellatt Commission Secretary British Columbia Utilities Commission
More informationStrategic plan drives action
2014 highlights Average residential customer paid $214 less for electricity than in 2013 $2.1 million in patronage capital returned this year, 12 th year in a row $32.6 million returned in patronage capital
More informationBlue Ridge EMC and Subsidiaries Consolidated Financial Statements December 31, 2016 and 2015
Consolidated Financial Statements Contents Financial Statements Independent Auditor s Report... Page 1-2 Consolidated Balance Sheets... 3-4 Consolidated Statements of Operations and Comprehensive Income...
More informationSetting Competitive Electric Rates. Ronald D. Elks General Manager/CEO Presented to: Joint Municipal Power Agency Relief Committee January 10, 2012
Setting Competitive Electric Rates Ronald D. Elks General Manager/CEO Presented to: Joint Municipal Power Agency Relief Committee January 10, 2012 2 Overview About GUC Our Customers Rate Setting Methodology/Strategy
More information1 GROSS REVENUE REQUIREMENT (page 3, line 31, column 5) $ 121,165,696
Attachment O Page 1 of 5 Formula Rate - Non-Levelized Rate Formula Template For the 12 months ended 12/31/14 Utilizing FERC Form 1 Data Line Allocated No. Amount 1 GROSS REVENUE REQUIREMENT (page 3, line
More information