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## RESULTS OF OPERATIONS 

## KWh Sales/Degree Days 

## Summary of KWh Energy Sales 

<img src='content_image/1040649.jpg'>

Heating degree days and cooling degree days are metrics commonly used in the utility industry as a measure of the impact of weather on revenues. 

## Summary of Heating and Cooling Degree Days 

<img src='content_image/1040648.jpg'>

(a) Heating degree days are calculated on a 55 degree temperature base. 

(b) Normal Heating/Cooling represents the thirty-year average of degree days. 

(c) Cooling degree days are calculated on a 70 degree temperature base. 

