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BLW Board hears December financials as staff flags low water demand and a large MEAG tax refund
Summary
Board staff reported tighter operating margins, lower water volumes and a corrected reserves handout; an email from MEAG's CEO referencing a U.S. Treasury refund was read aloud but the dollar figure in the discussion was inconsistent and will be reviewed.
On 2025-12-08 the BLW Board in Marietta heard December financial results showing lower water demand, tighter operating margins and a corrected reserves figure, staff said.
Unidentified Speaker 4, a staff member presenting the monthly and supplemental financials, said supplementals were under budget by $400,000 for the month and that year-to-date offsetting revenue was down by $2,000,000. "I will be reviewing the December financials as well as the supplementals for this month," Unidentified Speaker 4 said as she walked through the packet.
The presenter told the board that, compared with MEAG projections, the utility's total year-to-date power costs were under by $1,240,000 while total bulk resources were up $2,370,000. She reported volatility in natural gas prices, noting November actuals exceeded budget ($3.84 vs. $3.50 per MMBtu) and…
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