2022 Financial Performance
Elexicon Corporation had a strong financial performance in 2022 and provided its shareholder municipalities with healthy dividends. The Corporation had a net income of $16.8 million and paid $9.4 million to shareholders for reinvestment into their communities. Elexicon Corporation continued to deliver economic benefits to local communities and made capital investments of $101.9 million.
in economic value and benefits delivered in 2022. The value created by Elexicon Corporation is fundamentally measured in terms of financial performance and operational excellence. In addition, the Province of Ontario and the communities we serve derive other economic benefits that, in 2022, amounted to more than $170 million.
in capital expenditures in 2022. Investments in electricity distribution infrastructure to serve the needs of our growing communities.
in operating expenses in 2022. Property taxes, water costs, facility costs, professional fees, local purchasing, employee compensation and benefits, etc.
dividends paid to or payable to our shareholders for reinvestment in our communities.
payments to capital providers and government, and interest and payments in lieu of taxes.
Resiliency, responsiveness, and readiness for the future of energyRead More