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Financial Analysis of the Utilities <br />Pvs!bobmztjt!pg!uif!Vujmjujft!cfhjot!po!qbhf33jo!uif!Gjobodjbm!Tfdujpo/!Pof!pg!uif!nptu!jnqpsubou!rvftujpot!btlfe!bcpvu! <br />uif!Vujmjujft“!gjobodft!jt!”Jt!uif!Vujmjujft!bt!b!xipmf!cfuufs!pgg!ps!xpstf!pgg!bt!b!sftvmu!pg!uijt!zfbs(t!bdujwjujft@•!Uif! <br />Tubufnfoupg!Ofu!Qptjujpo-!boe!uif!Tubufnfoupg!Sfwfovft-!Fyqfotft!boe!Dibohft!jo!Ofu!Qptjujposfqpsu!jogpsnbujpo! <br />bcpvu!uif!Vujmjujft“!bdujwjujft!jo!b!xbz!uibu!xjmm!ifmq!botxfs!uijt!rvftujpo/!Uiftf!uxp!tubufnfout!sfqpsu!uif!ofu!qptjujpo!pg! <br />uif!Vujmjujft!boe!dibohft!jo!uif!ofu!qptjujpo/!Zpv!dbo!uijol!pg!uif!Vujmjujft“!ofu!qptjujpo)uif!ejggfsfodf!cfuxffo!bttfut!boe! <br />mjbcjmjujft*!bt!pof!xbz!up!nfbtvsf!gjobodjbmifbmui!ps!gjobodjbm!qptjujpo/!Pwfs!ujnf-!jodsfbtft!ps!efdsfbtft!jo!uif!Vujmjujft“! <br />ofu!qptjujpojtpof!joejdbups!pg!xifuifs!jut!gjobodjbm!ifbmui!jt!jnqspwjoh!ps!efufsjpsbujoh/!Ipxfwfs-!zpv!xjmm!offe!up!dpotjefs! <br />puifs!opo.gjobodjbm!gbdupst!tvdi!bt!dibohft!jo!fdpopnjd!dpoejujpot-!qpqvmbujpo!hspxui-!{pojoh-!boe!ofx!ps!dibohfe! <br />hpwfsonfou!mfhjtmbujpo/ <br />Net Position. Up!cfhjo!pvs!bobmztjt-!b!tvnnbsz!pg!uif!Vujmjujft“!Tubufnfout!pg!Ofu!Qptjujpojt!qsftfoufe!jo!Ubcmf!B.2/!Bt! <br />dbo!cf!tffo!gspn!uif!Ubcmf-!ofu!qptjujpojodsfbtfe!%5-356-671up!%82-766-483jo!gjtdbm!3131vq!gspn!%78-51:-923jo!gjtdbm! <br />312:/! <br />TABLE A-1 <br />Condensed Statement of Net Position <br />Jodsfbtf <br />3131312:)Efdsfbtf* <br />Bttfut <br />Dvssfou!boe!puifs%3:-4:2-262%38-795-:83%2-817-28: <br />Dbqjubm84-368-41182-::8-6:12-36:-821 <br />Upubm!Bttfut!!213-759-562::-793-6733-:76-99: <br />Upubm!Efgfssfe!Pvugmpxt!pg!Sftpvsdft449-914422-76138-264 <br />Mjbcjmjujft <br />Dvssfou9-185-8158-894-:233:1-8:3 <br />Opo.dvssfou34-1:6-32235-2:2-623)2-1:7-412* <br />Upubm!Mjbcjmjujft42-27:-:2642-:86-535)916-61:* <br />Upubm!Efgfssfe!Jogmpxt!pg!Sftpvsdft272-:78719-:87)558-11:* <br />Ofu!Qptjujpo <br />Ofu!jowftunfou!jo!dbqjubm!bttfut63-339-:325:-637-4283-813-715 <br />Sftusjdufe!gps!efcu!tfswjdf2-372-46:2-372-46:. <br />Vosftusjdufe29-276-1:327-733-2472-653-:67 <br />Upubm!Ofu!Qptjujpo%82-766-483%78-51:-923%5-356-671 <br />16 <br />173 <br />