Chugach Outlet
September/October 2001, Number 194
Complete Board Report
Chugach sold 181.6 million kilowatt-hours of electric power in
July, about 3.3 million kwh less than projected by the budget.
Wholesale power sales accounted for 88.1 million kwh, retail sales
for 81.6 million kwh and economy energy sales for about 11.9 million
kwh. Year-to-date sales stood at approximately 1.3 billion kwh,
about 157.8 million kwh less than projected by the budget.
Chugach finished July with operating revenues of $13.7 million, about
$727,500 more than anticipated by the budget. Year-to-date operating
revenues stood at $97.9 million, about $939,000 million less than
anticipated by the budget.
July expenses were $13.8 million, about $155,300 more than projected by
the budget. Year-to-date expenses stood at $95.7 million, about $531,500
less than projected by the budget.
At July’s end, Chugach’s equity-to-total-capitalization ratio was 26.22 percent.
By comparison, Chugach’s year-to-date July 2000 power sales totaled 1.4
billion kwh, while operating revenues were $89.4 million and expenses were
$83.3 million. Chugach’s equity-to-total-capitalization ratio at the end
of July 2000 was 29.20 percent.
The Chugach Board took the following actions at the August and September meetings:
- Approved the Finance Committee’s recommendation for the business
plan and capital construction criteria, as well as a recommendation
that the Finance Committee serve as the Audit Committee.
- Adopted a resolution allocating $9,679,778 in retail and wholesale
capital credits for 2000
- Authorized extending the general manager’s contract through Oct. 24, 2002
- Approved directors' expenses
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