$92.5M
Total
Revenue
6% from previous year
$45.5M
Operating
Expenses
5% from previous year
$61.3M
Capital
Investment
9% from previous year
$96.9M
Energy Purchasing and Transmission
1% from previous year
The total operating expense of $45.5 million incurred to run the operations of all the utilities is a five per cent increase over 2017. This change is mainly due to increased expenditures at the expanded Point Pleasant Water Treatment Facility and other maintenance expenses in the gas and electric utility.
Revenue of $92.5 million is an increase of six per cent over the 2017 balance of $87.3 million.
We also managed capital investments of $61.3 million in 2018, most of which related to replacing aging infrastructure.
In addition, Utilities Kingston is responsible for managing the purchase and transmission of gas and electric energy for our customers. Neither Utilities Kingston nor our primary customers make any profit from the provision of this service.
In total, these purchases represented $96.9 million for 2018, a slight increase from the 2017 value of $96.4 million.
$28.1M
Total Revenue
$14.1M
Operating Expenses
$11.8M
Capital Investment
Revenues billed on behalf of the City of Kingston were $28.1 million, a seven per cent increase over 2017, and 107 per cent of budget.
Operating expenditures incurred were $14.1 million, an eight per cent increase from 2017 and 100 per cent of budget. The year over year increase is primarily due to increased operating expenditures at the expanded Point Pleasant Water Treatment Facility.
A total of $11.8 million in capital improvements was invested in the water utility in 2018, with the major expenditures being Tower Street Water Tower Coating and Princess Street Reconstruction, Phase Four.
$32.5M
Total Revenue
$15.1M
Operating Expenses
$39.1M
Capital Investment
Revenues billed on behalf of the City of Kingston were $32.5 million, a six per cent increase over 2017 and 106 per cent of budget.
Operating expenditures incurred were $15.1 million, a two per cent decrease from 2017 and 98 per cent of budget. The year over year decrease is primarily due to reduced expenditures in the sanitary and storm sewer repair programs and reduced expenditures at wastewater facilities.
In 2018, $39.1 million was spent on capital projects for the wastewater utility with the major expenditure being the expansion of the Cataraqui Bay Wastewater Treatment Plant (year two of four).
$11.2M
Distribution Revenue
$4.7M
Operating Expenses
$2.9M
Capital Investment
Total revenues billed on behalf of the City of Kingston for its natural gas distribution business were $11.2 million, an eleven per cent increase from 2017.
Operating expenditures incurred were $4.7 million, a ten per cent increase from 2017. The year over year increase is primarily due to increased expenditures in general gas maintenance.
In 2018, $2.9 million was spent on capital reinvestment in the gas utility.
$13.9M
Total Revenue
$8.8M
Operating Expenses
$5.1M
Capital Investment
Local distribution and other revenue billed on behalf of Kingston Hydro Corporation was $13.9 million, a three per cent increase over 2017.
Operating expenditures of $8.8 million were five per cent higher than 2017 due to an increase in distribution and operation expenses.
In 2018, $5.1 million was invested in capital improvement to the electrical systems.