- First-quarter electricity budget at a glance
Net power costs: 24.7 percent of Lodi Electric
Non-power costs such as personnel, supplies,
transportation: 17.8 percent of budget.
Debt cost: 25 percent of the budget.
Revenue: 26.2 percent.
Revenue from Lodi Electric customers: $18.1
million (25.2 percent of full-year budget)
Other revenue: $883,000 (175.2 percent of
Total revenue: $19.0 million (26.2 percent)
Cost of purchased power: $10.7 million (24.7
Non-power expenses: $2.6 million (17.8
Debt service: $1.8 million (25.0 percent)
Capital expenditures: $110,368 (2.9
Total expenses: $15.2 million
Available cash: $22.2 million
— Source: Lodi Electric Utility.
Posted: Wednesday, December 8, 2010 12:00 am
Updated: 6:01 am, Wed Dec 8, 2010.
The Lodi City Council has been advised by its staff to increase
its Electrical Utility budget reserve fund in order to get a better
credit rating to purchase power.
However, Electric Utility Director Elizabeth Kirkley says that
increasing the reserve fund can be done without increasing
Or, use your
Wednesday, December 8, 2010 12:00 am.
Updated: 6:01 am.