Monthly Financial Update – September/October

Homer Electric finished the month of August 2022 with a total asset base of $263.4 million. Operating revenue to date was $6.9.3 million and total costs were $67.4 million, bringing net operating margins to $1.9 million through August 31, 2022. This chart is a breakdown of key financial indicators comparing August 2021 to August 2022.

Year to Date August 31, 2022 August 31, 2021
Operating Revenue $ 69.3 million $ 69.0 million
Cost of Purchased Power $ 44.2 million $ 42.6 million
Cost of Electric Service $ 23.2 million $ 22.6 million
Operating Margins $ 1.9 million $ 3.8 million
Total Kilowatt Hours Sold $ 298.8 million kWh $ 305.7 million kWh
Total Number of Meters 36,314 35,828