$96.1M
Total
Revenue
4% from previous year
$43.8M
Operating
Expenses
-4% from previous year
$49.6M
Capital
Investment
-19% from previous year
$98.6M
Energy Purchasing and Transmission
2% from previous year
Revenues of $96.1 million were an increase of four per cent over the 2018 balance of $92.5 million.
The total operating expense of $43.8 million incurred to run the operations of all the utilities is a four per cent decrease over 2018. This change is mainly due to decreased expenditures at water facilities and reduced expenditures on programs such as Main Break and Service Leak Repairs.
We also managed capital investments of $49.6 million in 2019, most of which related to replacing ageing 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 $98.6 million for 2019, a two per cent increase from the 2018 value of $96.9 million.
The following tabs present financial information for our four large utilities, and the appliance rental and broadband networking businesses.
$29.5M
Total Revenue
$12.3M
Operating Expenses
$11.6M
Capital Investment
Revenues billed on behalf of the City of Kingston were $29.5 million, a five per cent increase over 2018, and 103 per cent of budget.
Operating expenditures incurred were $12.3 million, a twelve per cent decrease from 2018 and 86 per cent of budget. The year-over-year decrease is primarily due to increased operating efficiencies and less-than-budgeted spending on Main Break Repairs.
A total of $11.6 million in capital improvements was invested in the water utility in 2019, with the major expenditures being the 2019 Watermain Relining Program and the Oakridge/Gibson Main Replacement project.
$33.9M
Total Revenue
$15.6M
Operating Expenses
$26.0M
Capital Investment
Revenues billed on behalf of the City of Kingston were $33.9 million, a four per cent increase over 2018 and 103 per cent of budget.
Operating expenditures incurred were $15.6 million, a four per cent increase from 2018 and 95 per cent of budget. The year-over-year increase is due to increased operating expenses at wastewater treatment facilities.
In 2019, $26 million was spent on capital projects for the wastewater utility, with the major expenditure being the expansion of the Cataraqui Bay Wastewater Treatment Plant.
$11M
Distribution Revenue
$4.3M
Operating Expenses
$5.0M
Capital Investment
$16.1M
Commodity, Storage and Transportation
Total revenues billed on behalf of the City of Kingston for its natural gas distribution business were $11.0 million, a two per cent decrease from 2018.
Operating expenditures incurred were $4.3 million, an eight per cent decrease from 2018. The year-over-year decrease is primarily due to increased expenditures in general gas maintenance.
In 2019, $5.0 million was spent on capital reinvestment in the gas utility.
In addition, $16.1 million was expended on natural gas commodity, storage and transportation costs.
$14.7M
Distribution Revenue
$8.4M
Operating Expenses
$4.9M
Capital Investment
$82.5M
Commodity and Transmission Costs
Local distribution and other revenues billed on behalf of Kingston Hydro Corporation were $14.7 million, a six per cent increase over 2018.
Operating expenditures of $8.4 million were four per cent lower than 2018 due to a decrease in distribution and operation expenses.
In 2019, $4.9 million was invested in capital improvements to the systems.
In addition, $82.5 million was expended on electricity commodity and transmission costs.