03-11-2019 BPU RPT 21 - Laserfiche WebLink

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t- -, RPU FINANCIAL RESULTS FY 2018/19 through December 31, 2018 PUBLIC UTILITIES ELECTRIC Retail Sales Revenue 0 � $35 S25 $20 $IS $10 $S — $fl Jul -)A Au1.18 Sep -18 QC[ -18 Now18 DOL -18 Jan -19 Feb-" K%ti19 AWS NNy-19 lun•19 MACMAL �BUDGEIi t PRIOR YEAR Year-to-date retail sales of $171.8M are $7.3M (4.4%) higher than budget due to higher than anticipated consumption due to warmer than anticipated summer weather. Current year actual retail sales are $2.7M (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 4.1% higher than budget due to higher than anticipated consumption and 2.4% lower than prior year due to a decrease in consumption. Personnel Expense Power Supply Expense $30 $2s III - :1 1 1 $I5 $31 5I I I X 1 1 1 1 1 1 1 $ a ss 4IZ F 7 os s os s Is Ms G nn �s n �m &m &m &m &m &m Jul -is AuS-la S:18 De[ -18 N _18 Dm -18 Jen -19 Feb -19 b\r-19 Apr -19 Mey-19 1-19 Jul -IS Rue•18 Sep•18 0R•18 Now 18 11-28 Jan -19 Feb•19 Mer18 Apr -19 May19 Jun -19 ■ Regular overtime o Benefits ■ Transmission Generation $3S 0 $30 $2s $20 $ls $10 $s e t a Jul -18 Total Operating Expense to co ca ca co Aug -18 Sep -18 Oct -18 Now -18 Dec -18 ■ Personnel ■ Power Supply w u w m a w m co a m a m ca ca ca Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Other Operating Personnel Expense: Year-to-date personnel costs of $26.8M are $5.3M (16.4%) 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 $120.2M are $8.7M (7.9%) over budget primarily due to higher than anticipated consumption, higher market energy prices and natural gas prices. Power supply expenditures are projected to be higher than budget by the end of the fiscal year. A supplemental appropriation will be presented to Board and City Council in April of 2019. This increase in costs is offset by an increase in retail sales and savings in other electric budget. Other Operating Expense: Year-to-date other operating expenses of $2.3M are $6.9M (74.7%) below budget due to timing of expenses and savings in other general operating expenses. Retail KWh Sales Total - YTD L2517 1 227 lL1179 .2 1,400 1,200 11.6 1,000 .e 800 600 249. 400 200`4S5. 0 DW17 Dec -18 Budset-19 ■ Resldentlal ■ Commercial ■ Industrial mother Year-to-date retail sales of $171.8M are $7.3M (4.4%) higher than budget due to higher than anticipated consumption due to warmer than anticipated summer weather. Current year actual retail sales are $2.7M (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 4.1% higher than budget due to higher than anticipated consumption and 2.4% lower than prior year due to a decrease in consumption. Personnel Expense Power Supply Expense $30 $2s III - :1 1 1 $I5 $31 5I I I X 1 1 1 1 1 1 1 $ a ss 4IZ F 7 os s os s Is Ms G nn �s n �m &m &m &m &m &m Jul -is AuS-la S:18 De[ -18 N _18 Dm -18 Jen -19 Feb -19 b\r-19 Apr -19 Mey-19 1-19 Jul -IS Rue•18 Sep•18 0R•18 Now 18 11-28 Jan -19 Feb•19 Mer18 Apr -19 May19 Jun -19 ■ Regular overtime o Benefits ■ Transmission Generation $3S 0 $30 $2s $20 $ls $10 $s e t a Jul -18 Total Operating Expense to co ca ca co Aug -18 Sep -18 Oct -18 Now -18 Dec -18 ■ Personnel ■ Power Supply w u w m a w m co a m a m ca ca ca Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Other Operating Personnel Expense: Year-to-date personnel costs of $26.8M are $5.3M (16.4%) 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 $120.2M are $8.7M (7.9%) over budget primarily due to higher than anticipated consumption, higher market energy prices and natural gas prices. Power supply expenditures are projected to be higher than budget by the end of the fiscal year. A supplemental appropriation will be presented to Board and City Council in April of 2019. This increase in costs is offset by an increase in retail sales and savings in other electric budget. Other Operating Expense: Year-to-date other operating expenses of $2.3M are $6.9M (74.7%) below budget due to timing of expenses and savings in other general operating expenses.