MLGW Capital Spend I MLGW Cash I MLGW 2023 Year End I MLGW Budget I Ratios I Rates I MLGW Vegetation
A cursory examination of public utility 10 yr span ratios, related to capital spend to depreciation with respect to Electric that less than 1.30 is below average, 1.30 to 1.50 average, 1.50 above average and 1.70 high above average. Regarding Water, from 2014-23 St Louis Water with a declining population was a 1.54 and Huntsville Utilities with high population growth at 2.30.
There is no evidence to support the MLGW claim of “decades of underspending” on capital improvements prior to the 2020 begin of Way Forward. Further, given the underperformance of MLGW’s electrical grid with above average capital spend, concerns of public contract underperformance arise.
| wdt_ID | DIVISION | NOTES | SPAN | RATIO |
|---|---|---|---|---|
| 1 | Electric | Current 10yr Span | 2014-23 | 1.64 |
| 2 | Electric | Pre Way Forward 10 yr Span | 2010-19 | 1.51 |
| 3 | Electric | Seventeen Year Span Prior to McGowen Administration | 2006-22 | 1.53 |
| 4 | Gas | Current 10yr Span | 2014-23 | 1.58 |
| 5 | Gas | Pre Way Forward 10 yr Span | 2010-19 | 2.02 |
| 6 | Gas | Seventeen Year Span Prior to McGowen Administration | 2006-22 | 1.58 |
| 7 | Water | Current 10yr Span | 2014-23 | 2.49 |
| 8 | Water | Pre Way Forward 10 yr Span | 2010-19 | 2.24 |
| 9 | Water | Seventeen Year Span Prior to McGowen Administration | 2006-22 | 1.92 |