Report shows IPL five-year finances

The seven-member Public Utility Advisory Board continues to examine cost issues and finances for Independence Power and Light.

It recently received a general five-year overview of the city-owned electric utilities revenues and costs (2014-19).

The report shows IPL has $48.5 million in unrestricted cash reserves.

Utility finances are complicated because revenue varies considerably based on the weather and there are large capital expenditures to fund. 

The report shows personnel costs as a percent of all other expenses has increased from 27% in 2014 to 32% in 2018 even with an overall reduction of 10 employees over the period.