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Revenue
3 Months Ended
Dec. 31, 2020
Revenue From Contract With Customer [Abstract]  
Revenue

2. REVENUE

The following tables show revenue disaggregated by source and customer type.

 

 

Three Months Ended

December 31,

 

 

 

2020

 

 

2019

 

Spire

 

 

 

 

 

 

 

 

Gas Utility:

 

 

 

 

 

 

 

 

Residential

 

$

349.9

 

 

$

368.4

 

Commercial & industrial

 

 

103.0

 

 

 

122.5

 

Transportation

 

 

32.2

 

 

 

31.0

 

Off-system & other incentive

 

 

9.3

 

 

 

9.4

 

Other customer revenue

 

 

2.2

 

 

 

2.4

 

Total revenue from contracts with customers

 

 

496.6

 

 

 

533.7

 

Changes in accrued revenue under alternative revenue programs

 

 

1.6

 

 

 

(3.0

)

Total Gas Utility operating revenues

 

 

498.2

 

 

 

530.7

 

Gas Marketing:

 

 

 

 

 

 

 

 

Revenue from contracts with retail customers

 

 

19.4

 

 

 

32.3

 

Revenue from wholesale derivative contracts

 

 

5.4

 

 

 

 

Total Gas Marketing operating revenues

 

 

24.8

 

 

 

32.3

 

Other

 

 

16.7

 

 

 

11.1

 

Total before eliminations

 

 

539.7

 

 

 

574.1

 

Intersegment eliminations (see Note 9, Information by Operating Segment)

 

 

(27.1

)

 

 

(7.2

)

Total Operating Revenues

 

$

512.6

 

 

$

566.9

 

 

Spire Missouri

 

 

 

 

 

 

 

 

Residential

 

$

263.0

 

 

$

275.9

 

Commercial & industrial

 

 

69.9

 

 

 

80.8

 

Transportation

 

 

9.0

 

 

 

9.0

 

Off-system & other incentive

 

 

7.4

 

 

 

9.4

 

Other customer revenue

 

 

2.9

 

 

 

0.5

 

Total revenue from contracts with customers

 

 

352.2

 

 

 

375.6

 

Changes in accrued revenue under alternative revenue programs

 

 

3.3

 

 

 

(1.6

)

Total Operating Revenues

 

$

355.5

 

 

$

374.0

 

 

Spire Alabama

 

 

 

 

 

 

 

 

Residential

 

$

69.2

 

 

$

74.3

 

Commercial & industrial

 

 

24.3

 

 

 

31.3

 

Transportation

 

 

20.5

 

 

 

19.6

 

Off-system & other incentive

 

 

2.0

 

 

 

 

Other customer revenue

 

 

(1.9

)

 

 

1.6

 

Total revenue from contracts with customers

 

 

114.1

 

 

 

126.8

 

Changes in accrued revenue under alternative revenue programs

 

 

(0.5

)

 

 

(0.6

)

Total Operating Revenues

 

$

113.6

 

 

$

126.2

 

For the three months ended December 31, 2020, Spire Alabama recorded a negative adjustment of $3.4 (included in “other customer revenue”) under its Rate Stabilization and Equalization (RSE) rate-setting process based on the quarter-end estimate of its average common equity at the end of the rate year relative to its allowed range of return.

Gross receipts taxes associated with the Company’s natural gas utility services are imposed on the Company, Spire Missouri, and Spire Alabama and billed to its customers. The expense amounts (shown in the table below) are reported gross in the “Taxes, other than income taxes” line in the statements of income, and corresponding revenues are reported in “Operating Revenues.”

 

 

Three Months Ended

December 31,

 

 

 

2020

 

 

2019

 

Spire

 

$

21.7

 

 

$

24.6

 

Spire Missouri

 

 

15.2

 

 

 

17.2

 

Spire Alabama

 

 

5.3

 

 

 

6.2