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MLGW: Advancing Our Future

2016 Annual ReportMemphis Light, Gas and Water DivisionMLGW: Advancing Our FutureTable of ContentsAbout mlgw .. 2 President s Message .. 3 mlgw Leadership .. 4 Advancing Technology .. 5 Advancing Customer Service .. 6 Advancing Conservation .. 7 Advancing Smart Energy at Home .. 8 Advancing Education .. 9 Advancing Our Community .. 11 Advancing Economic Prosperity .. 13 Advancing Financial Security.. 14 Letter of Transmittal .. L-1 Financial Highlights .. H-1 Financial SectionIndependent Auditor s Report .. A-1 Management s Discussion and Analysis .. M-1 Financial StatementsStatements of Net Position .. F-1 Statements of Revenues, Expenses and Changes in Net Position .. F-4 Statements of Cash Flows.

3 President’s Message MLGW President and CEO Jerry R. Collins Jr. At Memphis Light, Gas and Water, we have a lot to be proud of . With almost 430,000 customers, were the largest three-service

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