04-23-2018 BPU RPT 19 - Laserfiche WebLink

Home

IV A T E R E N E R G Y L T F€ PUBLIC UTILITIES S $40 2 $35 $K $25 $20 $15 $14 $s Sfl RPU FINANCIAL RESULTS FY 2017/18 through February 28, 2018 ELECTRIC Retail Sales Revenue 1ut-17 Aug -l7 5ep17 Oa -17 MY -17 Ues-l7 lan-18 Feb -18 IMer-la Apx-la May -19 1-18 iiiiiiiiiACrUAL - Y rD � BUDGET - YTD —PRIOR YEAR - YrD M Retail KWh Sales � 1,800 _ 1,600 15.6 15.7 15.7 1,400 1,200 678.0 689.2 731.4 1,000 800 J547 314.0 600 400 2DD 540.2 . Feb -17 Feb -13 Budget -18 ■Residential ■Commercial Industrial Other Year-to-date retail sales of $218.5M are $2.11M (1.0%) higher than budget and $2.4M (1.1%) higher than prior year due to an increase in consumption as a result of warmer weather during the summer season. Retail kWh sales reflects 0.1% higher than budget and 1.5% higher than prior year primarily due to higher than anticipated residential and commercial consumption. OPERATING EXPENDITURES Personnel Expense $s Total operating Expense Power Supply Expense s � $15 $4dil 11A1 $10 Jul -17 Aug -17 Sep -17 Oct -17 Nov -17 Dec -17 )an -18 Feb -18 Mar -18 Apr -18 May -18 Jun -18 r! Personnel ® Power Supply Other Operating 111111 $1 mmmmm iEmmm fmm Jul -17 Au; -17 Sep -17 0k -17 610-17 0e 17 len-16 Fel 919 Mer -18 Rpt -18 WV -1e 3un-16 ■ Transmission = Generation Jul -17 Aup17 SW -17 On -17 Fbv.17 D-17 J-18 Feb.18 M-18 APF -18 "-18 Jun48 ■ Regular Overtime Benefits $s Total operating Expense Power Supply Expense Page 323 Personnel Expense: Year-to-date personnel costs of $34.8M are $4.2M (10.7%) below budget due to various vacancies and attrition, offset by higher than budgeted overtime. Current budgeted overtime is understated and has been properly adjusted in the proposed 2 year budget. Power Supply Expense: Year-to-date power supply costs of $132.5M are $13.1M (9%) below budget due to lower than anticipated market prices, partially offset by an increase in power supply costs due to higher than expected load. Other Operating Expense: Year-to-date other operating expenses of $5.3M are $7.8M (59.3%) below budget primarily due to timing of expenditures and savings in other general operating expenses. s � $15 $10 Jul -17 Aug -17 Sep -17 Oct -17 Nov -17 Dec -17 )an -18 Feb -18 Mar -18 Apr -18 May -18 Jun -18 r! Personnel ® Power Supply Other Operating mmmmm iEmmm fmm Jul -17 Au; -17 Sep -17 0k -17 610-17 0e 17 len-16 Fel 919 Mer -18 Rpt -18 WV -1e 3un-16 ■ Transmission = Generation Page 323 Personnel Expense: Year-to-date personnel costs of $34.8M are $4.2M (10.7%) below budget due to various vacancies and attrition, offset by higher than budgeted overtime. Current budgeted overtime is understated and has been properly adjusted in the proposed 2 year budget. Power Supply Expense: Year-to-date power supply costs of $132.5M are $13.1M (9%) below budget due to lower than anticipated market prices, partially offset by an increase in power supply costs due to higher than expected load. Other Operating Expense: Year-to-date other operating expenses of $5.3M are $7.8M (59.3%) below budget primarily due to timing of expenditures and savings in other general operating expenses. Jul -17 Aug -17 Sep -17 Oct -17 Nov -17 Dec -17 )an -18 Feb -18 Mar -18 Apr -18 May -18 Jun -18 r! Personnel ® Power Supply Other Operating Page 323 Personnel Expense: Year-to-date personnel costs of $34.8M are $4.2M (10.7%) below budget due to various vacancies and attrition, offset by higher than budgeted overtime. Current budgeted overtime is understated and has been properly adjusted in the proposed 2 year budget. Power Supply Expense: Year-to-date power supply costs of $132.5M are $13.1M (9%) below budget due to lower than anticipated market prices, partially offset by an increase in power supply costs due to higher than expected load. Other Operating Expense: Year-to-date other operating expenses of $5.3M are $7.8M (59.3%) below budget primarily due to timing of expenditures and savings in other general operating expenses.