Discontinued — last reported Q3 '23
Business Segments · Write-offs charged against allowance
Electric Operations — Write-offs charged against allowance
NiSource Electric Operations — Write-offs charged against allowance increased by 15.4% to $1.50M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 36.4%, from $1.10M to $1.50M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ3 2023
How to read this metric
Rising write-offs indicate higher customer delinquency rates and potential revenue leakage.
Detailed definition
The actual amount of customer receivables deemed uncollectible and removed from the balance sheet during the period. Thi...
Peer comparison
Standard metric for credit risk management; comparable across all utility sectors.
Metric ID:
ni_segment_electric_operations_write_offs_charged_against_allowanceHistorical Data
8 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.50M | $1.20M | $1.50M | $1.10M | $1.50M | $1.50M | $1.30M | $1.50M |
| QoQ Change | — | -20.0% | +25.0% | -26.7% | +36.4% | +0.0% | -13.3% | +15.4% |
| YoY Change | — | — | — | — | +0.0% | +25.0% | -13.3% | +36.4% |
Range$1.10M – $1.50M
CAGR+0.0%
Avg YoY Growth+12.0%
Median YoY Growth+12.5%
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Frequently Asked Questions
- What is NiSource's electric operations — write-offs charged against allowance?
- NiSource (NI) reported electric operations — write-offs charged against allowance of $1.50M in Q3 2023.
- How has NiSource's electric operations — write-offs charged against allowance changed year-over-year?
- NiSource's electric operations — write-offs charged against allowance increased by 36.4% year-over-year, from $1.10M to $1.50M.
- What does electric operations — write-offs charged against allowance mean?
- The value of customer debt that has been formally written off as uncollectible.