Investor Presentaiton
(dollars in millions)
Appendix 52
Operating Expenses (Full Year)
Twelve Months Ended December 31,
2020
2019
Variance
Operating, general & admin.
Property and other taxes
$ 297.1
179.5
$ 318.2
$ (21.1)
(6.6)%
171.9
7.6
4.4%
Depreciation and depletion
179.6
172.9
6.7
3.9%
Operating Expenses
$ 656.2
$ 663.0
$ (6.8)
(1.0)%
Decrease in operating, general & administrative expense due to the following factors:
$ (10.1)
Employee benefits
(4.1)
Labor
(3.2)
Hazard tree removal
(3.0)
(1.2)
(0.9)
3.0
(3.2)
$(22.7)
Travel and training
Environmental costs
Generation maintenance
Uncollectible Accounts
Other miscellaneous
Change in OG&A Items Impacting Net Income
$ 7.0
(0.1)
Pension and other postretirement benefits, offset in other income
Operating expenses recovered in trackers, offset in revenue
(5.3)
$ 1.6
$ (21.1)
Non-employee directors deferred compensation, offset in other income
Change in OG&A Items Offset Within Net Income
Decrease in Operating, General & Administrative Expenses
$7.6 million increase in property and other taxes was primarily due to plant additions
and higher estimated property valuations in Montana.
$6.7 million increase in depreciation and depletion expense was primarily due to plant
additions
NorthWestern
Energy
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