KISSIMMEE, Fla., February 19, 2007 – Kissimmee Utility Authority, Florida’s sixth largest community-owned electric utility, today released its 2006 annual report.
The 26-page report, titled “What You Don’t See,” exposes the otherwise invisible aspects of electricity and the electricity business. The report sheds light on the efforts made on a daily basis by KUA to deliver services to tens of thousands of homes and businesses in Osceola County.
The report also bids a fond farewell to Domingo Toro who leaves the KUA board of directors this year after a distinguished 10 years of service. Toro made history as the first Hispanic to serve on the board and his contributions have been nothing short of brilliant.
Among the utility’s highlights for 2006:
• Customer growth grew by 4.8 percent; energy sales increased by 3.1 percent.
• Operating revenue grew by 4.5 percent to $161.6 million from $154.7 in 2005.
• Operating expenses increased 2.1 percent to $152.2 million from $149.1 million in 2005.
• KUA assets exceeded liabilities by $138.6 million (net assets). Of this amount, $51.7 million is available to be used to meet ongoing obligations to customers and creditors.
• The utility’s total outstanding long-term debt decreased 4.6 percent to $256.6 million.
An electronic version of the report is available on the utility’s Web site at http://www.kua.com/Corporate/Press/Reports/Index.aspx.
Printed copies of the report are available upon request from the utility’s corporate communications division at P.O. Box 423219, Kissimmee, FL 34742-3219, by phoning 407-933-9838, or by email at [email protected].
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 170,000 residents in five Central Florida counties.
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Chris M. Gent
(407) 933-7777 x 1116