General Information

Annual Operating Revenues (in thousands)

$230,600

$245,900

$240,500

Cost of all goods, materials and services purchased in 2006 (in thousands)

$229,216

$241,319

$208,285

Includes capital expenditures. 

Biggest suppliers

(more than 10% of purchases) (in thousands)

VELCO (24%): $56,376,545

Vermont Yankee  (13.96%): $32,805

VELCO (21%): $49,949,151

Vermont Yankee (14%): $32,369

$ VELCO (25%): $51,265,900

Vermont Yankee (19%): $40,357

VELCO includes charges for power from Hydro-Québec. 

Total Payroll and Benefits (in thousands)

$15,849

$16,404

$16,575

Shareholder Information

Earnings from continuing operations (diluted) per average share

$2.10

$2.09

$1.85

Stock price (end of year)

$28.83

$28.77

$33.89

Retained Earnings Balance (in thousands)

$29,889

$35,864

$40,075

Dividends Paid

$0.88

$1.00

$1.12

See Chart below. 

Consolidated Return on Average Common Equity

11.06%

9.85%

8.36%

Shareholder Information

Common Stock Dividends (in thousands)

$4,481

$5,205

$5,912

Interest Payments on Long-Term Debt

(in thousands)

$6,534

$6,534

$6,806

Interest Payments on Short-Term Debt

(in thousands)

$257

$244

$655

Interest higher in 2006 because the Line of Credit was used to fund GMP’s Transco investment in Sep ($9M) and our bond pay off in Nov ($10M) before our bond issue in Dec.

Taxes

Federal Taxes Paid (in millions)

$1.9

$1.2

$8.2

GMP paid $2.9M in March for the 2005 return and $800,000 for amended returns.  If we move the $2.9M to 2005 and remove the $800K then 2005 would be $4.1M and 2006 would be $4.5M.

State Taxes Paid (in millions)

$1.2

$1.4

$2.0

Income Tax

$2.2

$2.2

$2.2

Gross Revenue Tax

Real Estate Property Taxes (in millions)

$4.7

$4.5

$4.7

Total Taxes Paid (in millions)

$10

$9.3

$17.1

Tax Credits

Wind credit: $125,000

Biomass credit: $145,000

Wind credit: $150,000

Biomass credit: $234,000

Wind credit: $130,000

Biomass credit: $216,000

Searsburg Wind Generating Facility and McNeil Biomass Plant.