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Hibbing PUC approves June interim financials; revenue up year over year
Summary
Commission approved interim financial statements for the six months ending June 30, 2025: revenue totaled $18.2 million (up $1.3 million from 2024) and operating income for the period was $1.7 million. Commissioners asked staff for a project-level year-to-date capital schedule.
The Hibbing Public Utilities Commission on July 15 approved the interim financial statements for the six months ended June 30, 2025. General Manager Luke Peterson presented the packet, noting revenue of $18.2 million compared with $16.9 million in the same period last year, an increase of $1.3 million attributed in part to a colder winter heating season. Operating expenses for…
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