Key 2020 Budget Items Summary

 

- Total Operating and Capital Expenditures Budget of $1.9 billion
Total Budget of $401.3 million

Total Capital Expenditures budget of $164.7 million

Multi-year rate increase actions for 2020 through 2022 and minor rate tariff
approvals with the 2020 increase being effective in July and the others in

January.
July 2020 January 2021 January 2022

$52,974,000* $19,743,000 $20,070,000

(percentage varies between Transmission
Level Voltage Customers and other classes)

$4,354,000

15.0%, $14,065,000* $7,562,000 $5,790,000

Denotes the full year revenue. For 2020, the Division will not realize the full amounts.

 

 



10/23/2019 2020 Budget and Five-Year Service Improvement Plan 1 

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2020 Final Budget Summary

 

Category (S in Thousands) Electric Gas Water Total
Operating Revenue $1,313,864 $243,928 $105,903 $1,663,695
Expense $223,978 $91,401 $85,916 $401,295
Purchased Power and Gas $1,023,188 $107,337 $0 $1,130,525
Depreciation Amortization $60,878 $23,107 $12,083 $96,068
PILOT Taxes $49,894 $21, 149 $3,004 $74,046
Total Operating Expense $1,357,938 $242,994 $101,003 $1,701,935
Total Capital Expenditures $109,974 $24,078 $30,625 $164,677
Total Operating Capital Budgets $1,467,912 $267,072 $131,628 $1,866,612
Change in Net Position ($14,675) ($3,154) $1,496 ($16,333)
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Rate Request By Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020 2021 2022 2023 2024 Total
Average Residential Bill Impact
Electric $5.19 $1.89 $1.92 $0.00 $0.00 $9.00
Gas $0.00 $0.00 $0.74 $0.00 $0.00 $0.74
Water $2.23 $1.19 $0.91 $0.00 $0.00 $4.33
Total $7.42 $3.08 $3.57 $0.00 $0.00 $14.07
Division Revenue Request
Electric 4.2% 1.5% 1.5% 0.0% 0.0% 7.2%
Gas 0.0% 0.0% 2.0% 0.0% 0.0% 2.0%
Water 15.0% 7.0% 5.0% 0.0% 0.0% 27.0%

 

 

The 2020 increase would be effective in July. All other rate increases effective in January.
The overall rate request is smaller than the 2019 request and provides greater customer value.
The overall request for 5 years has decreased by $4.51 per month (From $18.58 to $14.07, a 24% decrease.)

 


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10/23/2019

2020 Budget and Five-Year Service Improvement Plan

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