AVISTA CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Results of Operations - Alaska Electric Light and Power Company
Net income for AEL&P was $8 million for 2024, compared to $9 million for 2023.
The following table presents AEL&P's operating revenues, resource costs and resulting utility margin for the years ended December 31 (dollars in millions):
| Electric | ||
|---|---|---|
| 2024 | 2023 | |
| Operating revenues | $50 | $48 |
| Resource costs | 4 | 4 |
| Utility margin | $46 | $44 |
Utility margin increased for 2024 primarily due to higher sales volumes and rate increases. The increase in utility margin was offset by increased operating expenses, resulting in a decrease to net income in 2024 compared to 2023. Utility margin is a Non-GAAP financial measure. See "Non-GAAP Financial Measures" above.
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