Capacity Stagnant, Revenues On The Rise
The installed generating capacity of the total U.S. electric utility industry climbed 0.5 percent in 1996, according to the Statistical Yearbook of the Electric Utility Industry/1996 from the Edison Electric Institute. Generating capacity totaled 754,673 MW. The investor-owned electric utility industry capacity increased by 0.3 percent to 581,103 MW by the end of the year. The East South Central division showed the largest increase in capacity, with a jump of 2.5 percent for the year (see table).
Total electric utility industry generation was 3.073 million GWh in 1996, a 2.6 percent increase from 1995. The investor-owned utility industry generation rose by 1.4 percent to 2.372 million GWh. Hydroelectric generation continued a trend of strong increases, turning in a jump of 10.5 percent for the year. Generation from gas fell by 14.6 percent. The share of total electricity generated from coal increased slightly, from 55.2 percent in 1995 to 56.5 percent in 1996. The hare of generation from hydro rose from 9.8 percent in 1995 to 10.6 ercent in 1996.
Total sales to ultimate customers for the total electric utility industry were 3.091 million GWh in 1996, an increase of 2.8 percent from 1995. Sales by the investor-owned segment rose by 2.3 percent to 2.339 million GWh. The average number of ultimate customers for the total utility industry increased by 1.5 percent from 1995, totaling 120 million for 1996. The investor-owned segment grew by 1 percent to 89.982 million.
Total industry revenues from sales to ultimate customers for 1996 equaled $211.8 billion, a jump of 2.1 percent from 1995. The investor-owned segment increased by 1.8 percent to $166.6 billion. The average revenue per kWh sold to total ultimate customers in 1996 was 6.85 cents for the total industry and 7.12 cents for the investor-owned electric utilities.
Total assets of the investor-owned electric utilities rose from $584.6 billion in 1995 to $598.2 billion in 1996, a 2.3 percent increase. Investor-owned electric utility operating revenues rose by 5 percent to $188.6 billion in 1996. Total electric operating expenses jumped by 6.3 percent to $157.4 billion. S