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The cost of purchased power to serve retail customers increased $1.6 million despite a 3.4% decrease in kwhs purchased. This was a result of higher market prices for electricity driven by increased demand in 2017 due, in part, to colder weather in 2017 than in 2016.

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* Lights, Camera, Action, grades post-2nd to 6th, 9 a.m.-2 p.m. July 16-18. Cost: $40/child; bring a sack lunch. Learn to use your skills to produce a summer musical.

Leidner continued by saying that customers of both UPS and MPS Pipe will continue to receive uninterrupted, industry-best service including: • Over 270 weekly dedicated regular milk-run deliveries on our 65 vehicle fleet of trucks, the most of any master distributor in the USA • Access to a unique assortment of products which when combined allows a customer to easily achieve full freight allowed minimum weight requirements • Scheduled deliveries to jobsites or supply houses to wherever the distributor desires from our combined 17 distribution centers strategically located throughout the USA • Offering a deep and wide range of pipe products, including domestic and imported carbon steel pipe, plastic pipe, copper tube, electrical conduit and related products so wholesale distributors can buy what they need, when they need it

OTP accrued interim and rider rate refunds until final rates became effective. The final interim rate refund, including interest, of $9.0 million was applied as a credit to Minnesota customers’ electric bills beginning November 17, 2017. In addition to the interim rate refund, OTP refunded the difference between (1) amounts collected under its Minnesota ECR and TCR riders based on the ROE approved in its most recent rider update and (2) amounts that would have been collected based on the lower 9.41% ROE approved in its 2016 general rate case going back to April 16, 2016, the date interim rates were implemented. The revenues collected under the Minnesota ECR and TCR riders subject to refund due to the lower ROE rate and other adjustments were $0.9 million and $1.4 million, respectively. These amounts were refunded to Minnesota customers over a 12-month period beginning in November 2017 through reductions in the Minnesota ECR and TCR rider rates. The TCR rider rate is provisional and subject to revision under a separate docket.

Do not confuse hardfacing with a joining process. Hardfacing is the process of applying a harder or tougher metal to the base material. Hardfacing electrodes are divided into three categories: iron base, nickel base, and cobalt base, which are then alloyed with carbide-forming elements such as chromium, tungsten, molybdenum, and other elements. They typically do not have specific AWS classifications except for the standard cobalt alloy range 1, 6, 12, and 21.

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On August 14, 2013 OTP entered into a Note Purchase Agreement (the 2013 Note Purchase Agreement) with the purchasers named therein pursuant to which OTP agreed to issue to the purchasers, in a private placement transaction, $60 million aggregate principal amount of OTP’s 4.68% Series A Senior Unsecured Notes due February 27, 2029 (the Series A Notes) and $90 million aggregate principal amount of OTP’s 5.47% Series B Senior Unsecured Notes due February 27, 2044 (the Series B Notes and, together with the Series A Notes, the Notes). The Notes were issued on February 27, 2014.

Winter typhoons and summer monsoons regularly pummel workers and equipment. Strong tides churn in a sea crisscrossed by submerged pipelines and some of the busiest shipping channels in the world. Working platforms across the open ocean disappear into the horizon. These are just some of the extreme construction challenges that contractors must mitigate using prefabrication, technology and logistical prowess in their effort to construct the largest network of island-connecting bridges in the world.

Minnesota has a renewable energy standard which requires OTP to generate or procure sufficient renewable generation such that the following percentages of total retail electric sales to Minnesota customers come from qualifying renewable sources: 17% by 2016; 20% by 2020 and 25% by 2025. In addition, Minnesota law requires 1.5% of total Minnesota electric sales by public utilities to be supplied by solar energy by 2020. For a public utility with between 50,000 and 200,000 retail electric customers, such as OTP, at least 10% of the 1.5% requirement must be met by solar energy generated by or procured from solar photovoltaic devices with a nameplate capacity of 40 kWs or less. If approved by the MPUC, individual customer subscriptions to an OTP-operated community solar garden program of 40 kWs or less could be applied toward the 10% requirement. OTP has purchased sufficient solar renewable energy credits (SRECs) to meet 100 percent of its 2020 obligation and approximately 70% of its 2021 obligation.

In 2018, Industry & Other revenue amounted to €819 million, with growth remaining positive at + 5.7% and more sustained at constant exchange rates with an increase of 13.1%. 

The cost of purchased power to serve retail customers increased $3.5 million. The cost per kwhs purchased increased by 16.1% while kwhs purchased decreased 9.2%. Increased system demand lead to the increase in cost per kwh purchased. Increased generation from company-owned generating units driven by higher market prices for electricity contributed to the decrease in kwhs purchased between the years.