03-25-2019 BPU RPT 20 - Laserfiche WebLink

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W A T E R E N E R G Y L I F E RPU FINANCIAL RESULTS 6 M IM& PUBLIC UTILITIES FY 2018/19 through January 31,2019 _ $40 a $35 $au $25 $20 $Ls $10 $S $0 Retail Sales Revenue Jul -18 AUQ-16 5"p18 OM18 140 -18 0�4,8 laP•19 FdY 19 K%r19 Ap9-19 Mirli-19 JOA -19 ¢ m $30 MACTUAL illlllllllliBUDGET —PRIORYEAR Jan -19 Feb -19 Mar -19 Retail KWh Sales Total - YTD 1 415 LM L350 0 1,600 1,400 13.8 1,200 13.7� — 1,000 595.5 612.0 — 800 600 273.1 270.5 400 200 J497 i 0 M11.18 Jan -19 Budget -19 in Residential Commercial Industrial Other Year-to-date retail sales of $194.1M are $4.5M (2.4%) higher than budget due to higher than anticipated consumption due to warmer than anticipated summer weather. Current year actual retail sales are $2.9M (1.5%) 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 2.2% higher than budget due to higher than anticipated consumption and 2.5% lower than prior year due to a decrease in consumption. am Personnel Expense Power Supply Expense 2 $2.s �$10 - � - - I11 11 - 15 1 1 11 1 1 1 1 1 1 1 lul-18 Aup-18 5ep-la CcL-18 N 18 De 18 len-19 Feb -19 Mer -19 Apr -19 p4ay-19 Jun -19 Jul -18 Rue•18 Sep•18 OR•18 How -18 0x•18 Jan -19 Feb -19 Mer18 Apr -19 hlay19 Jun -19 ■ Regular overtime o Benefits ■ Transmission Generation Total Operating Expense C $35 0 co to ¢ m $30 m ca Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Other Operating $25 $20 $15 $10 $s a m to ¢ m ca ca ca Jul -18 Aug -18 Sep -18 Oct -18 Nov -18 Dec -18 ■ Personnel ■ Power Supply Personnel Expense: Year-to-date personnel costs of $31.11M are $6.31M (16.8%) 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 $135.71M are $6.71M (5.2%) 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 $2.61M are $8.11M (75.8%) below budget due to timing of expenses and savings in other general operating expenses. co to ¢ m ca m ca Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Other Operating Personnel Expense: Year-to-date personnel costs of $31.11M are $6.31M (16.8%) 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 $135.71M are $6.71M (5.2%) 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 $2.61M are $8.11M (75.8%) below budget due to timing of expenses and savings in other general operating expenses.