Table 8.3. Revenue and Expense Statistics for Major U.S. Investor-Owned Electric Utilities, 2013 through 2023 (Million Dollars)

Description
2013
2014
2015
2016
2017
2018
Utility Operating Revenues 281,901 298,430 282,695 282,499 286,501 293,868
......Electric Utility 257,718 271,832 260,121 261,047 263,265 268,421
......Other Utility 24,183 26,598 22,574 21,451 23,235 25,447
Utility Operating Expenses 244,316 258,936 242,728 239,037 240,041 253,944
......Electric Utility 227,483 240,643 228,366 226,457 226,110 238,526
............Operation 156,077 165,989 149,939 145,077 142,000 163,479
..................Production 115,046 123,366 107,201 100,852 98,859 104,185
........................Cost of Fuel 41,127 42,545 34,711 32,621 32,165 33,592
........................Purchased Power 55,529 62,066 52,970 49,962 49,030 53,060
........................Other 18,390 18,755 19,521 18,269 17,664 17,533
..................Transmission 7,881 8,902 9,624 10,447 10,804 11,387
..................Distribution 4,197 4,331 4,406 4,734 4,358 4,806
..................Customer Accounts 5,107 5,255 5,184 5,077 4,789 4,969
..................Customer Service 5,906 6,396 6,445 6,187 5,961 6,019
..................Sales 203 208 201 205 213 203
..................Administrative and General 17,738 17,532 16,878 17,575 17,016 31,911
............Maintenance 15,505 16,801 16,392 16,982 17,996 17,786
............Depreciation 24,723 25,919 26,847 30,097 30,323 32,125
............Taxes and Other 31,179 31,934 35,188 34,301 35,791 25,136
......Other Utility 16,833 18,293 14,362 12,579 13,931 15,418
Net Utility Operating Income 37,585 39,494 39,968 43,462 46,460 39,924

 

Description
2019
2020
2021
2022
2023
Utility Operating Revenues 293,000 294,756 329,138 381,129 378,230
......Electric Utility 266,876 269,869 299,956 344,355 343,701
......Other Utility 26,124 24,888 29,181 36,774 34,529
Utility Operating Expenses 250,136 240,802 271,078 315,491 307,839
......Electric Utility 234,892 227,084 253,979 292,247 287,611
............Operation 157,265 144,335 163,952 196,589 185,924
..................Production 99,518 93,505 110,775 140,287 126,857
........................Cost of Fuel 29,614 25,856 34,771 49,486 36,229
........................Purchased Power 50,378 50,407 61,627 80,032 67,897
........................Other 19,526 17,242 14,377 10,768 22,731
..................Transmission 11,941 12,949 15,310 15,872 15,746
..................Distribution 5,218 5,480 5,659 5,973 6,402
..................Customer Accounts 4,978 5,775 5,249 5,658 6,607
..................Customer Service 6,156 5,868 6,192 6,659 6,953
..................Sales 204 211 215 255 217
..................Administrative and General 29,248 20,546 20,553 21,886 23,142
............Maintenance 19,898 20,030 20,875 21,834 21,570
............Depreciation 34,883 38,208 39,666 42,104 44,693
............Taxes and Other 22,846 24,510 29,485 31,720 35,424
......Other Utility 15,245 13,718 17,100 23,244 20,228
Net Utility Operating Income 42,864 53,954 58,060 65,638 70,391

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.