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Commission hears spike in power cost adjustment, transmission overestimate flips month to small profit
Summary
Commissioners heard that an overestimate of transmission costs by about $36,000 and a PCA of roughly 1.762' contributed to a swing from a near $29,000 loss to about a $7,000 profit; staff reported $428,000 in market sales last month and combined divisions are trending toward an estimated $1.8 million net income for the year.
A committee member presented the monthly financial statements and said an overestimate of transmission costs—about $36,000—changed the electric division's position from an approximately $29,000 loss to roughly a $7,000 profit for the month. “On the electric side, I overestimated transmission by about 36,000,” the committee member said.
The presenter also flagged a higher-than-usual power cost adjustment (PCA) of about 1.762' per kilowatt-hour and reported approximately $428,000 in market sales last month. The Director noted the PCA trend is being driven by higher wholesale and transmission costs in June—August and said staff expects further pressure on PCA during peak summer months. Combined divisions were reported to be trending toward an estimated $1.8 million in net income for the year, roughly $1.0 million through midyear, which staff said keeps the utility on target against budget forecasts.
