Table 8.3. Revenue and Expense Statistics for Major U.S. Investor-Owned Electric Utilities, 2014 through 2024 (Million Dollars)

Description
2014
2015
2016
2017
2018
2019
Utility Operating Revenues 298,430 282,695 282,499 286,501 293,868 293,000
......Electric Utility 271,832 260,121 261,047 263,265 268,421 266,876
......Other Utility 26,598 22,574 21,451 23,235 25,447 26,124
Utility Operating Expenses 258,936 242,728 239,037 240,041 253,944 250,136
......Electric Utility 240,643 228,366 226,457 226,110 238,526 234,892
............Operation 165,989 149,939 145,077 142,000 163,479 157,265
..................Production 123,366 107,201 100,852 98,859 104,185 99,518
........................Cost of Fuel 42,545 34,711 32,621 32,165 33,592 29,614
........................Purchased Power 62,066 52,970 49,962 49,030 53,060 50,378
........................Other 18,755 19,521 18,269 17,664 17,533 19,526
..................Transmission 8,902 9,624 10,447 10,804 11,387 11,941
..................Distribution 4,331 4,406 4,734 4,358 4,806 5,218
..................Customer Accounts 5,255 5,184 5,077 4,789 4,969 4,978
..................Customer Service 6,396 6,445 6,187 5,961 6,019 6,156
..................Sales 208 201 205 213 203 204
..................Administrative and General 17,532 16,878 17,575 17,016 31,911 29,248
............Maintenance 16,801 16,392 16,982 17,996 17,786 19,898
............Depreciation 25,919 26,847 30,097 30,323 32,125 34,883
............Taxes and Other 31,934 35,188 34,301 35,791 25,136 22,846
......Other Utility 18,293 14,362 12,579 13,931 15,418 15,245
Net Utility Operating Income 39,494 39,968 43,462 46,460 39,924 42,864

 

Description
2020
2021
2022
2023
2024
Utility Operating Revenues 294,756 329,138 381,129 378,230 384,741
......Electric Utility 269,869 299,956 344,355 343,701 352,516
......Other Utility 24,888 29,181 36,774 34,529 32,226
Utility Operating Expenses 240,802 271,078 315,491 307,839 306,372
......Electric Utility 227,084 253,979 292,247 287,611 289,892
............Operation 144,335 163,952 196,589 185,924 179,919
..................Production 93,505 110,775 140,287 126,857 120,333
........................Cost of Fuel 25,856 34,771 49,486 36,229 32,871
........................Purchased Power 50,407 61,627 80,032 67,897 63,763
........................Other 17,242 14,377 10,768 22,731 23,699
..................Transmission 12,949 15,310 15,872 15,746 17,863
..................Distribution 5,480 5,659 5,973 6,402 6,740
..................Customer Accounts 5,775 5,249 5,658 6,607 7,099
..................Customer Service 5,868 6,192 6,659 6,953 7,462
..................Sales 211 215 255 217 212
..................Administrative and General 20,546 20,553 21,886 23,142 20,211
............Maintenance 20,030 20,875 21,834 21,570 23,128
............Depreciation 38,208 39,666 42,104 44,693 47,887
............Taxes and Other 24,510 29,485 31,720 35,424 38,958
......Other Utility 13,718 17,100 23,244 20,228 16,480
Net Utility Operating Income 53,954 58,060 65,638 70,391 78,369

Notes: Missing or erroneous respondent data may result in slight imbalances in some of the expense account subtotals.
Total may not equal sum of components due to independent rounding.
Sources: Federal Energy Regulatory Commission, FERC Form 1, "Annual Report of Major Electric Utilities, Licensees and Others via Ventyx Global Energy Velocity Suite.