MLGW Ratios

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 reveals 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 had a 1.54 ratio and Huntsville Utilities with high population growth had a 2.30 ratio.

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