2024-02-13 07:05:01 ET
In 2023, the company experienced positive revenue growth due to higher revenues from regulated investment programs, increased weather-adjusted customer usage and demand, and lower other operating expenses. However, operating expenses increased by $193 million, primarily driven by a decrease in fuel expenses and an increase in purchased power costs. Despite this, total operating expenses decreased by $152 million. Net income margin decreased in 2023 compared to 2022 as a result of lower customer ... Full story available on KlickAnalytics.com