Our system-wide total customer count at September 30, 2012, including the effects of the May 2011 tornado, is down approximately 1,200 customers from the pre-storm level. Although still below the customer count levels prior to the tornado, higher average customer counts during the third quarter of 2012 compared to the third quarter of 2011 increased revenues an estimated $3.7 million, as electric customers continue to return to our system following the tornado. This increase, along with a change in the Company’s estimate for unbilled revenue which contributed approximately $3.0 million to revenues and margin during the 2012 quarter, more than offset the negative weather impact described above, increasing margins. Off-system and miscellaneous revenues were relatively unchanged during the quarter.Total electric fuel and purchased power expenses for the quarter decreased approximately $6.3 million compared to the 2011 quarter, reflecting milder weather and the lower fuel costs collected from customers. Gas volumes increased while coal volumes declined as we continue to shift generation from coal units to natural gas units to take advantage of gas prices that were 24% lower than the 2011 quarter.
The Empire District Electric Company Third Quarter 2012 Earnings Report, Declaration Of Dividend And Earnings Guidance Update
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