01-14-2019 BPU RPT 29 - Laserfiche WebLink

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WATER I ENERGY L I F E RPU FINANCIAL RESULTS E' FY 2018/19 through October 31 2018 PUBLIC UTILITIES / Retail Sales Revenue Retail KWh Sales ii $40 Total - YTD 922 898 842 1,000 $35 0 e 900 7. $30 800 7.2 $25 :\ 700 e 600 369.7 $20 Soo $15 400 168- $10 300 $5 200 300 $0 0 li lul-18 Aug -16 Sep -18 Oc[-1B Nov -18 Der18 Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Oct -17 Oct -18 Budget -19 FACTUAL BUDGET PRIOR YEAR ■ Residential ■ Commercial ■ Industrial ■ Other Year-to-date retail sales of $125.4M are $8.4M (7.2%) higher than budget due to higher than anticipated consumption due to warmer than anticipated weather. Current year actual retail sales are $2.1M (1.6%) lower than prior year due to a decrease in consumption as a result of cooler temperatures in the summer months compared to very warm temperatures in the prior year. Retail kWh sales reflect 6.6% higher than budget due to higher than anticipated consumption and 2.5% lower than prior year due to a decrease in consumption. OPERATING EXPENDITURES of Aj Personnel Expense ii $6 I I I $25 $4 I 1 1 $3 $20 12 $15 $1 1 111 '$10 To >y m t n>y m t n w m t Ta ti; m t Ta ti; MV Ta ti; m t a m a? a m a? a m a? a m a? a m a m a m a m Jul -18 Aug -18 Sep -18 Oct -18 Nov -18 Dec -18 len-19 Feb -19 Mer -19 Apr -19 May -19 Jun -19 Regular Overtime Benefits Total Operating Expense Power Supply Expense $30 $25 $20 $15 '$10 m V V a 19 m 5i w V ffi V R V i r V m t w r L L L r E G G L L L L L m m m m m m a m m m m a m m Jul -18 AuL-18 Sep -18 Oct -18 Nov -16 Dec -18 len-19 Feb -19 Mer -19 Ap149 Mey-19 J-49 ■Transmission Generation $35 0 $30 $25 $20 $15 $10 $5 m V m r m r m r M z m r m r m r m r m r M z m 46 = ee = m = m = m = m = M = m = m = m = m = b. = m ${5) t o T a t o t t t t v t v t o t t t o a= a= a= a= a= a= a= a= a= a= a= a= m m m m m m m m m m m m Jul -18 Aug -18 Sep -18 Oct -18 Nov -18 Dec -18 Jan -19 Feb -19 Mer -19 Apr -19 May -19 Jun -19 Personnel Power Supply Other Operating Personnel Expense: Year-to-date personnel costs of $16.2M are $5.2M (24.4%) lower than budget due to various vacancies and attrition. This is partially offset by overtime, which is currently trending higher than budget. Overtime expenses fluctuate from month to month due to season, weather, planned, and unplanned work. Overtime will continue to be monitored closely. Power Supply Expense: Year-to-date power supply costs of $88.3M are $9.9M (12.7%) over budget primarily due to higher than anticipated consumption, higher market energy prices and natural gas prices. Power supply costs will be closely monitored and budget levels will be evaluated. Other Operating Expense: Year-to-date other operating expenses of $1.5M are $4.6M (75.4%) below budget due to timing of expenses.