Monthly Financial Update – July/August

Homer Electric finished the month of June 2022 with a total asset base of $263.4 million. Operating revenue to date was $51.5 million and total costs were $50.2 million, bringing net operating margins to $1.3 million through June 30, 2022. This chart is a breakdown of key financial indicators comparing June 2021 to June 2022.

Year to Date June 30, 2022 June 30, 2021
Operating Revenue $ 51.5 million $ 52.5 million
Cost of Purchased Power $ 33.0 million $ 32.4 million
Cost of Electric Service $ 17.2 million $ 16.7 million
Operating Margins $ 1.3 million $ 3.4 million
Total Kilowatt Hours Sold $ 222.5 million kWh $ 231.9 million kWh
Total Number of Meters 36,233 35,810