MLGW DASHBOARD – Capital Spend Performance and Inventories

MLGW Capital Spend I MLGW Cash I MLGW 2023 Year End I MLGW Budget I Ratios I Rates I MLGW Vegetation

The MLGW Dashboard can be navigated with the above links or by clicking the “NEXT>” link at the bottom of the page.

2024 MLGW Capital Investment Performance

Based on MLGW December 2024 Financial Report

DIVISION	BUDGETED	YTD	ANNUAL	TARGET	ACTUAL
1	Electric	272,762,000	149,063,583	100	100	55
2	Gas	35,994,000	27,793,229	100	100	77
3	Water	27,463,000	34,771,548	100	100	127

MLGW Historic Capital Spend Performance (2020-24)

2020-24, across all divisions of electric, gas and water, MLGW has accumulated a capital spend deficit of $395,014,478 or 32% of budgeted spend. Inventories resides at the bottom of the page.

The capital spend deficit is calculated by subtracting budgeted spend from actual spend (actual – budget = spend difference). In the below tables, the label “SPEND” is used for the actual spend differential value and the label “DIFF” is used for the percentage difference of actual spend from budget. “BUDGET” and “ACTUAL” labels are that.

Other MLGW Dashboard pages can be accessed by using the above navigation or the “NEXT>” link at the bottom of the page. These are the MLGW source documents for this dashboard page: 2022, 2023, 2024 .

ALL DIVISONS (2020-24)

DIVISION	BUDGET	ACTUAL	SPEND	DIFF
1	All	1,218,996,090	823,981,612	-395,014,478	-32

ELECTRIC (2020-24)

FY24 capital spend through December is 55% of budget or $149M of $273M. This $124M deficient FY24 spend would put MLGW at 55% target spend for FY24. The source document for this analysis is the 2024 MLGW December Monthly Report

YEAR	BUDGET	ACTUAL	SPEND	DIFF
1	2020	109,974,000	69,471,000	-40,503,000	-37
2	2021	120,181,000	71,818,000	-48,363,000	-40
3	2022	155,782,000	92,810,000	-62,972,000	-40
4	2023	231,923,000	210,647,023	-21,275,977	-9
5	2024	272,762,000	149,063,583	-123,698,417	-45

GAS (2020-24)

FY24 capital spend is 77% of budget at $28M of $36M. The source document for this analysis is the 2024 MLGW December Monthly Report

YEAR	BUDGET	ACTUAL	SPEND	DIFF
1	2020	24,078,000	20,553,000	-3,525,000	-15
2	2021	33,651,000	14,451,000	-19,200,000	-57
3	2022	39,759,000	17,999,000	-21,760,000	-55
4	2023	24,281,000	22,663,087	-1,617,913	-7
5	2024	35,994,000	27,793,229	-8,200,771	-23

WATER (2020-24)

FY24 capital spend through September is 127% of budget or $35M of $27M. The source document for this analysis is the 2024 MLGW December Monthly Report

YEAR	BUDGET	ACTUAL	SPEND	DIFF
1	2020	30,625,000	14,932,000	-15,693,000	-51
2	2021	35,636,000	19,302,000	-16,334,000	-46
3	2022	34,355,000	27,240,000	-7,115,000	-21
4	2023	42,532,000	30,467,142	-12,915,978	-30
5	2024	27,463,000	34,771,548	7,308,458	27

INVENTORIES (2022-24)

The below chart depicts MLGW inventories benchmarked against 2022.