2021 Financial Report

Annual Financial Report – Continuing Reliable and Affordable Energy.

The extreme weather event in February that caused the first rolling blackout in the history of the District will be the event to remember in 2021.  While this was a very unfortunate event, in contrast, the financial results of 2021 were very good.  Two pillars of Public Power are directly affected by expenditures of the District-reliability and Affordability.  The District is in very strong financial position with the ability to serve all customers with reliable and affordable electric service for many years to come.  Some of the highlights in the 2021 financials:

• Total investment in utility plant over $1.22M
• Paid down about $2M in long-term debt to relieve future financial obligations
• Achieved an equity position of just over 88%
• Sold a record number of kilo-watt hours
• Reduced revenue requirements with operational savings and LTD reductions
  • Reduced Rates for 2022 to equal 2%
• Continued to pass the Production Cost Adjustment (PCA) credit back to most of rates