Revenue and earnings performance masked continuing investor-owned utility problems

Journal Article · Wed Jun 01 04:00:00 EDT 1983 · Electr. Light Power; (United States)

OSTI ID:5789236

Lincicome, R A

The 1982 increase in revenues and net income for the top 100 electric utilities is misleading because the figure is distorted by the allowance for funds used during construction (AFUDC), which overstates the real dollar strength of most investor-owned utilities. A random sampling of profit and loss statements shows that companies heavily involved in plant construction can have AFUDC over 100% of net income. The average is 50% of utility earnings, while cash dividends run 75% of earnings. The problem is short-term, however, and will diminish as construction is completed. A summary of utility performance presents earnings growth statistics, sales data and comparisons, financial statistics, and income statistics and comparisons. A summary financial table lists the 100 utilities in alphabetical order. 7 tables. (DCK)

• OSTI ID: 5789236
• Journal Information: Electr. Light Power; (United States), Journal Name: Electr. Light Power; (United States) Vol. 61:6; ISSN ELLPA
• Country of Publication: United States
• Language: English

Related Subjects

20 FOSSIL-FUELED POWER PLANTS
200106 -- Fossil-Fueled Power Plants-- Economics
29 ENERGY PLANNING, POLICY, AND ECONOMY
296000* -- Energy Planning & Policy-- Electric Power
AFUDC
COMPARATIVE EVALUATIONS
DATA
ELECTRIC UTILITIES
FINANCIAL DATA
INCOME
INFORMATION
PERFORMANCE
PUBLIC UTILITIES