Making cents of our financials

Shannon Peard, Manager of Finance and Administration

Shannon Peard, Manager of Finance and Administration

By Shannon Peard, Manager of Finance and Administration

If you’re like us, you like to know where your dollars and cents are going.

We’ll take a look back at 2018 and see where our money came from and what it was used for. Dawson PPD is committed to using your dollars as efficiently and effectively as possible. We are also committed to transparency and hope this helps you learn more about our financials.

Operating Revenues

Our operating revenues consist mainly of the sale of electricity and was $59.5 million in 2018. We sold 517.1 million kilowatt hours to make that revenue.

Revenue and energy sales were down in comparison to 2017, mainly caused by the wet summer. This allowed our area farmers to irrigate less.

Irrigation sales were down $4.9 million and 67.5 million kWh compared to 2017.

The chart below shows the breakdown of how we earned our dollars.

Our operating revenues consist mainly of the sale of electricity and was $59.5 million in 2018. We sold 517.1 million kilowatt hours to make that revenue. Revenue and energy sales were down in comparison to 2017, mainly caused by the wet summer. This allowed our area farmers to irrigate less. Irrigation sales were down $4.9 million and 67.5 million kWh compared to 2017. The chart below shows the breakdown of how we earned our dollars.

 

 

Average Cost Per kWh

Our residential households paid an average of 10.67 cents per kWh.

 

kWh Sold

We sold 517.1 million kWh during 2018, which was down almost 40 million kWh from 2017. Our residential and commercial customers used 30 million more kWh compared to 2017.  The following chart is of our annual kWh consumption.

We sold 517.1 million kWh during 2018, which was down almost 40 million kWh from 2017. Our residential and commercial customers used 30 million more kWh compared to 2017. The following chart is of our annual kWh consumption.

 

Operating Expenses

Our operating expenses consist of purchased power and other costs that allow us to provide electricity to you. Our main operating expense is purchased power. We purchased $34.8 million of power, which was 62 percent of our operating expenses.

Upkeep and maintenance on our infrastructure was 14 percent of our operating expenses, or $7.8 million.

Depreciation and amortization expense on our plant and equipment was 12 percent of operating expenses, or $6.8 million.

Our operating expenses consist of purchased power and other costs that allow us to provide electricity to you. Our main operating expense is purchased power. We purchased $34.8 million of power, which was 62 percent of our operating expenses. Upkeep and maintenance on our infrastructure was 14 percent of our operating expenses, or $7.8 million. Depreciation and amortization expense on our plant and equipment was 12 percent of operating expenses, or $6.8 million.

 

Investing in Facilities

The district invested approximately $19 million back into the facilities during 2018. Our capital purchases are financed with revenues from operations, investment income, financing proceeds and existing cash on hand. About $14.3 million went into distribution, $2.8 million in transmission, $1.4 million was spent on general facilities and about $360,000 was labeled as other.

The district invested approximately $19 million back into the facilities during 2018. Our capital purchases are financed with revenues from operations, investment income, financing proceeds and existing cash on hand. About $14.3 million went into distribution, $2.8 million in transmission, $1.4 million was spent on general facilities and about $360,000 was labeled as other.

 

Balance Sheet

The strength of our balance sheets lets us continue to provide reliable power at affordable rates. It allows us to operate and make decisions that are in the best interest of our customers, including investing back into our system.

A balance sheet is made up of two equal parts. One part is our assets. The other is our liabilities and our net position. Our net position is our accumulated margins from over the years.

The strength of our balance sheets lets us continue to provide reliable power at affordable rates. It allows us to operate and make decisions that are in the best interest of our customers, including investing back into our system. A balance sheet is made up of two equal parts. One part is our assets.

 

 

Our net position is our accumulated margins from over the years.

 

 

 

June 2019

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