$86.3M
Total
Revenue
6.6% from previous year
$41.5M
Operating
Expenses
3.1% from previous year
$47.6M
Capital
Investment
5.9% from previous year
$109.9M
Energy Purchasing and Transmission
11.9% from previous year
The total operating expense of $41.5 million incurred to run the operations of all the utilities is a 3.1 per cent increase over 2015.
Revenue of $86.4 million is an increase of 6.6 per cent over the 2015 balance of $81.1 million.
We also managed capital investments of $47.6 million in 2016, 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 $109.9 million for 2016, an 11.9 per cent increase from the 2015 value of $98.2 million.
$26.3M
Total Revenue
$12.4M
Operating Expenses
$14.2M
Capital Investment
Revenues billed on behalf of the City of Kingston were $26.3 million, a five per cent increase over 2015 and 100 per cent of budget.
Operating expenditures incurred were $12.4 million, slightly increased from 2015 and 93 per cent of budget.
A total of $14.2 million in capital improvements was invested in the water utility in 2016, with the major expenditure being the expansion of the Point Pleasant Water Treatment Plant.
$29.9M
Total Revenue
$13.9M
Operating Expenses
$20.0M
Capital Investment
Revenues billed on behalf of the City of Kingston were $29.9 million, a five and a half per cent increase over 2015 and 99 per cent of budget.
Operating expenditures incurred were $13.9 million, which is three per cent more than in 2015 and 98 per cent of budget.
In 2016, $20.0 million was spent on capital projects for the wastewater utility with the major expenditure being the expansion of the Cataraqui Bay Wastewater Treatment Plant.
$10.2M
Total Revenue
$3.7M
Operating Expenses
$4.2M
Capital Investment
Total revenues billed on behalf of the City of Kingston for its natural gas distribution business were $10.2 million, a two percent increase from 2015.
Operating expenditures incurred were $3.7 million, a three percent increase from 2015.
In 2016, $4.2 million was spent on capital reinvestment in the gas utility.
$13.5M
Total Revenue
$9.4M
Operating Expenses
$6.1M
Capital Investment
Local distribution and other revenue billed on behalf of Kingston Hydro Corporation was $13.5 million, an increase of 18 per cent from $11.4 million in 2015.
Operating expenditures of $9.4 million were eight per cent higher than 2015, mainly due to an increase in expenses related to an increase in line maintenance and an increase in conservation program expenses.
In 2016, $5.9 million was invested in capital improvements to the electrical systems.
$2.5M
Total Revenue
$0.5M
Operating Expenses
$0.8M
Capital Investment
Revenue for the appliance business was $2.5 million, an increase of eight per cent over 2015 and 107 per cent of budget.
Operating expenditures of $478,000 resulted in a net income for the appliance rental business of $2.04 million, an increase of 12 per cent from 2015. This business returned $1.02 million to the City of Kingston’s Environmental Reserve Fund in 2016, an increase from 2015.
Annual routine replacements and new installations of water heaters amounted to $802,000 in 2016.
Utilities Kingston also owns and operates a competitive fibre optics business, the results and performance of which are reported annually to the Board of Directors.