$103.0M
Total
Revenue
6.4% from previous year
$41.8M
Operating
Expenses
-3.5% from previous year
$64.0M
Capital
Investment
82.6% from previous year
$87.7M
Energy Purchasing and Transmission
-10.7%from previous year
Revenues of $103 million is a six percent increase over the 2020 balance of $96.8 million.
The total operating expense of $41.8 million incurred to run the operations of all the utilities is a three per cent decrease over 2020. This change is mainly due to decreased expenditures relating to water service leak repairs,eElectric overhead tree trimming and metering and gas maintenance operating efficiencies.
We also managed capital investments of $64 million in 2021, 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 $87.7 million for 2021, an eleven per cent decrease from the 2020 value of $98.2 million.
The following tabs present financial information for our four large utilities.
$32.6M
Total Revenue
$11.7M
Operating Expenses
$13.7M
Capital Investment
Revenues billed on behalf of the City of Kingston were $32.6 million, a seven per cent increase over 2020, and 105 per cent of budget.
Operating expenditures incurred were $11.7 million, a slight decrease of five per cent from 2020 and 84 per cent of budget. The year-over-year decrease is primarily due to increased operating efficiencies, and less than budgeted spending on service leak repairs.
A total of $13.7 million in capital improvements was invested in the water utility in 2021, with the major expenditures being the Front Road Watermain and Highway 15 Trunk Watermain.
$37.8M
Total Revenue
$15.9M
Operating Expenses
$40.1M
Capital Investment
Revenues billed on behalf of the City of Kingston were $37.8 million, an eight per cent increase over 2020 and 104 per cent of budget.
Operating expenditures incurred were $15.9 million, a two percent increase over 2020 and 89 per cent of budget. The year-over-year increase is due to sanitary sewer repairs.
In 2021, $40 million was spent on capital projects for the wastewater utility, with the major expenditure being the expansion of the Cataraqui Bay Wastewater Treatment Plant and the upgrade of the Days Road Sewage Pumping Station.
$11.2M
Distribution Revenue
$4.1M
Operating Expenses
$3.2M
Capital Investment
$11.3M
Commodity, Storage and Transportation
Total revenues billed on behalf of the City of Kingston for its natural gas distribution business were $11.2 million, a three and a half per cent increase from 2020.
Operating expenditures incurred were $4.1 million, an eleven per cent decrease from 2020. The year-over-year decrease is primarily due to expenditures in general gas maintenance.
In 2021, $3.2 million was spent on capital reinvestment in the gas utility.
In addition, $11.3 million was expended on natural gas commodity, storage and transportation costs.
$13.7M
Distribution Revenue
$7.1M
Operating Expenses
$4.7M
Capital Investment
$76.3M
Commodity and Transmission Costs
Local istribution and other revenue billed on behalf of Kingston Hydro Corporation was $13.7 million, a two per cent increase over 2020.
Operating expenditures of $7.1 million were six per cent lower than 2020, due to a decrease in distribution and operation expenses.
In 2021, $4.7 million was invested in capital improvement to the systems.
In addition, $76 million was expended on electricity commodity and transmission costs.