Attn: |
Robert Babula
|
Re: |
South Jersey Industries, Inc.
|
2019
|
2018
|
2017
|
||||||||||
Total Utility Operating Revenues
|
563,793
|
541,808
|
512,482
|
|||||||||
Less:
|
||||||||||||
Cost of Sales - Utility
|
211,344
|
209,649
|
204,432
|
|||||||||
Less: Intercompany Cost of Sales
|
5,433
|
6,192
|
4,772
|
|||||||||
Total Cost of Sales - Utility (Excluding Depreciation & Amortization)
|
205,911
|
203,457
|
199,660
|
|||||||||
Less: Depreciation & Amortization
|
93,910
|
82,622
|
71,654
|
|||||||||
Total GAAP Gross Margin
|
263,972
|
255,729
|
241,168
|
|||||||||
Add: Depreciation & Amortization
|
93,910
|
82,622
|
71,654
|
|||||||||
Less: Conservation Recoveries *
|
13,689
|
14,136
|
7,003
|
|||||||||
Less: RAC recoveries *
|
21,553
|
17,099
|
11,014
|
|||||||||
Less: EET Recoveries*
|
3,304
|
1,772
|
1,284
|
|||||||||
Less: Revenue Taxes
|
1,452
|
1,074
|
1,162
|
|||||||||
Utility Margin**
|
$
|
317,884
|
$
|
304,270
|
$
|
292,359
|
Twelve Months Ended
December 31, 2019
|
July 1, 2018 through
December 31, 2018
|
|||||||
Total Firm & Interruptible Revenues
|
325,128
|
125,604
|
||||||
Less: Total Cost of Sales – Utility (Excluding Depreciation & Amortization)
|
141,269
|
53,491
|
||||||
Less: Depreciation & Amortization
|
29,051
|
13,580
|
||||||
Total GAAP Gross Margin
|
154,808
|
58,533
|
||||||
Add: Depreciation & Amortization
|
29,051
|
13,580
|
||||||
Less: Regulatory Rider Expenses*
|
7,989
|
2,068
|
||||||
Utility Margin**
|
$
|
175,870
|
$
|
70,045
|
Very truly yours,
|
|
/s/ Cielo Hernandez
|
|
Cielo Hernandez
|
|
Senior Vice President & Chief Financial Officer
|
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