AVISTA CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Results of Operations - Alaska Electric Light and Power Company
Net income for AEL&P was $8.9 million for the year ended December 31, 2023, compared to $7.5 million for 2022.
The following table presents AEL&P's operating revenues, resource costs and resulting utility margin for the years ended December 31 (dollars in thousands):
| Electric | ||
|---|---|---|
| 2023 | 2022 | |
| Operating revenues | $48,139 | $45,704 |
| Resource costs | 3,826 | 3,564 |
| Utility margin | $44,313 | $42,140 |
Utility margin increased for 2023 primarily due to higher sales volumes and rate increases.
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