Page 38 - Middleborough 2024 Town Report

M I D D L E B O R O U G H
GAS & ELECTRIC
D E P A R T M E N T
MIDDLEBOROUGH GAS
& ELECTRIC
December 31,
2024
December 31,
2023
94,531,000
(74,063,000)
91,178,000
(69,979,000)
68,490,000
5,214,000
39,659,000
61,049,000
4,436,000
33,417,000
BALANCE
SHEET*
Utility Plant at Original Cost
Less Accumulated Depreciation
Net Utility Plant
20,468,000
21,199,000
Cash & Equivalents 80,192,000 68,663,000
Other Assets 8,751,000 8,409,000
TOTAL ASSETS 109,411,000 98,271,000
Retained Earnings
Current Liabilities
Other Liabilities
Retained Earnings & Liabilities 113,363,000 98,902,000
OPERATING
STATEMENT*
Operating Revenues 61,687,000 57,294,000
LESS Operating Expenses 57,885,000 53,635,000
Operating Income 3,802,000 3,659,000
Other Income 1,281,000 1,406,000
Payment to Town of
Middleborough (866,000) (772,000)
Increases in Net Assets 4,217,000 4,293,000
OPERATING
HIGHLIGHTS
Electricity Sold (Kilowatt-hours) 315,593,176 300,978,598
Gas Sold (Hundreds of
8,026,605 7,342,122
Cubic Feet)
Customers
Served:
Electric
Gas
18,132
6,075
Number of Employees 67 68
*Rounded
18,003
6,076
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