Balance Sheets: Combination Utilities

Definitions

• A Balance Sheet provides a snapshot of a company’s financial position at a specific point in time.
• Balance Sheets show what the company owns, what it owes, and what’s left for shareholders.
• Assets = Liabilities + Shareholders Equity
• A combination utility is a company that provides more than one type of utility service — for example, both electric and natural gas , or natural gas and water and sewer.