02-10-2020 BPU RPT 12 - Laserfiche WebLink

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WATER I ENERGY L I F E 3 PUBLIC UTILITIES Item 12 RPU FINANCIAL RESULTS FY 2019/20 through October 31, 2019 $40 $35 $30 $25 $20 $15 $10 $5 $0 Retail Sales Revenue 1 Jul -19 Aug -19 Sep -19 Oct -19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 FACTUAL � BUDGET • PRIOR YEAR Year-to-date retail sales of $121.6M are $0.8M (0.7%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $3.8M (3.1%) 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, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 1.5% higher than budget due to higher than anticipated consumption and 4.5% lower than prior year due to a decrease in consumption. Personnel Expense p $7 Retail KWh Sales Total - YTD 898 858 845 1,000 900 7.2 F 'q 5.9 7.2 800 $4 700 366.7 $20 359.9 374.4 600 Soo 400 168.4 167.7 $15 168.8 300 200 100 355.7 324.4 294.9 0 Oct -18 Oct -19 Budget -19 ■ Residential Commercial Industrial Other Year-to-date retail sales of $121.6M are $0.8M (0.7%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $3.8M (3.1%) 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, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 1.5% higher than budget due to higher than anticipated consumption and 4.5% lower than prior year due to a decrease in consumption. Personnel Expense p $7 $5 F 'q $4 $20 — $3 $15 $2 $10 $1 r 15 1 I 1 m D mz 'a t; mt n D n D m D mt mt m D t',a Ga t',a Y'v Lv tia tia Ga G a r', a tia ti o a m a m a m a ,_, a m a m a m a m a m a m a m a m Jul -19 Aug -19 Sep -19 Oct -19 NG1-19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Regular Overtime Benefits Total Operating Expense 1$35 $30 Power Supply Expense $2s $20 — $15 $10 15 1 I 1 Jul -19 Aug -19 Sep -19 Oct -19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Transmission Generation $25 $20 $15 $10 $s m b m bi m t m ffi m 5i m b m t m 5i m Li m 5i m 5i m b'i , m d m , ap 6 m , m m 0a J ap J m J m J m J m V, -O t; M t; '� � 'O t; -O t; v t; M t; M t; M t; M t; M t; -O m m m m ra m m m m m m m Jul -19 Aug -19 Sep -19 Oct -19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Personnel ■ Power Supply Other Operating Personnel Expense: Year-to-date personnel costs of $18.8M are $4.2M (18.3%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $84.4M are in line with the budget. Other Operating Expense: Year-to-date other operating expenses of $0.6M are $5.2M (89%) below budget due to timing of expenses and savings in other general operating expenses.