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Hibbing utility reports higher revenue, approves May interim financials
5855227 · June 26, 2025
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Summary
At its June 24 meeting the Hibbing Public Utilities Commission approved interim financial statements for the five months ended May 31, 2025, showing higher year‑to‑date revenue and net income and staff warned margins typically decline in summer months.
On June 24 the Hibbing Public Utilities Commission approved the May 2025 interim financial report, which showed year‑to‑date revenue of $16,200,000 compared with $14,900,000 in the same period last year.
The report, presented by Mr. Peterson, noted that a colder-than-normal winter…
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