06-24-2019 BPU RPT 25 - Laserfiche WebLink

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t- -. PUBLIC UTILITIES RPU FINANCIAL RESULTS Retail Sales Revenue FY 2018/19 through April 30, 2019 ELECZm6UC FACTUAL � BUDGET --PRIOR YEAR Total -YTD 2,000 1,800 1,600 1,400 1,2oo 1,000 800 378.3 600 400 633.3 63 3. 200 0 Apr -IS Apr -19 ■ Residentlal ■ Commercial M Industrial Retail KWh Sales M10 1.820 1.830 19.4 18.0 839.1 8=3 19.2 847.4 959.4 0 Budget -19 Other Year-to-date retail sales of $259.3M are in line with budget. Current year actual retail sales are $2.6M (1%) lower than prior year due to a decrease in consumption as a result of cooler temperatures, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 0.6% lower than budget due to lower than anticipated consumption and 2.7% lower than prior year due to a decrease in consumption. OPERATING EXPENDITURES Personnel Expense $7 f $G f $is Jul -18 Aug -J.8 Sep -18 Oct -18 Nov 18 De LS Jan -19 Feb -19 VM19 Apr -19 May -19 Jun -19 FACTUAL � BUDGET --PRIOR YEAR Total -YTD 2,000 1,800 1,600 1,400 1,2oo 1,000 800 378.3 600 400 633.3 63 3. 200 0 Apr -IS Apr -19 ■ Residentlal ■ Commercial M Industrial Retail KWh Sales M10 1.820 1.830 19.4 18.0 839.1 8=3 19.2 847.4 959.4 0 Budget -19 Other Year-to-date retail sales of $259.3M are in line with budget. Current year actual retail sales are $2.6M (1%) lower than prior year due to a decrease in consumption as a result of cooler temperatures, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 0.6% lower than budget due to lower than anticipated consumption and 2.7% lower than prior year due to a decrease in consumption. OPERATING EXPENDITURES Personnel Expense $7 f $G f $is $20 94 ' 53 $IsN I $10 51 I I I I S x z 'a it M z a r M s; Jul -is Aug -1s sepis oct-w ND is Pet -w Jan,i9 Fed -19 "y 19 Ap1.19 b%v-19 Jun -19 Jul -18 Aur -18 ■ Regular overtime ' Benefits 0a 18 G $35 0 2$30 $25 $20 $15 $10 $s $ � m t a a m Jul -18 Total Operating Expense Power Supply Expense � $so f $is $20 $IsN I $10 x z 'a it M z a r M s; a r M V W& M V M& >e it M s Jul -18 Aur -18 Sap -18 On -18 No la 0a 18 fan -19 Feb -19 Mer -19 Apr•J9 Mayd9 Jun -19 ■ Transmission Generation 11111111111111111111 m m C tj 7 li 7 G 7 G 7 G 7 i 3 C a M co a ,r m e co a m a m m m a m a m Aug -18 Sep -18 Oct -IH Nov -18 Dec -18 Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Personnel 7 Power Supply Other Operating Personnel Expense: Year-to-date personnel costs of $43.7M are $9.7M (18.2%) 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 $181.5M are $3.1M (1.7%) over budget primarily due to higher than anticipated consumption during the summer months, 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 of $7M was approved by Board and City Council on April 22, 2019 and May 7, 2019, respectively. Other Operating Expense: Year-to-date other operating expenses of $4.7M are $11.4M (70.9%) below budget due to timing of expenses and savings in other general operating expenses.