02-24-2020 BPU RPT 09 - Laserfiche WebLink

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WATER I ENERGY L I F E 3 PUBLIC UTILITIES Item RPU FINANCIAL RESULTS 9 FY 2019/20 through November 30, 2019 ii $40 $35 $30 $25 $20 $15 $10 $5 $0 Retail Sales Revenue 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 111111111111BUDGET • PRIOR YEAR Year-to-date retail sales of $147.OM are $1.5M (1.0%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $2.4M (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, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 1.7% higher than budget due to higher than anticipated consumption and 3.3% lower than prior year due to a decrease in consumption. L Personnel Expense e $7 Retail KWh Sales Total - YTD 1 068 1 033 1 016 1,200 0 $5 1 000 9.3 7.6 9.3 800 446.9 445.9 460.1 600 210.5 204.6 400 1 204.0 200 375.2 342.4 A D 1 Nov -18 Nov -19 Budget -19 I ■ Residential ■ Commercial Industrial Other Year-to-date retail sales of $147.OM are $1.5M (1.0%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $2.4M (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, slightly offset by the effect of the rate plan effective January 1, 2019. Retail kWh sales reflect 1.7% higher than budget due to higher than anticipated consumption and 3.3% lower than prior year due to a decrease in consumption. L Personnel Expense e $7 $5 1 1 I 1 1 I I I 1 I I I $4 $3 $2 $1 W m V a 7y m V a m m% a m V m m V m m V ar, ar, ar, am am am ar, am' am' am' am' a,a Jul -19 Aug -19 Sep -19 Oct -19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Regular Overtime Benefits Total Operating Expense Power Supply Expense $25 $20 $15 $10 � m ti m Xi m 5i m 5i m� m� m ffi A ffi m t'i m t'i m Yi m ti ti 9 > 9 ti a i s i 9 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 ,$35 — 0 2$30 $25 $20 $15 $10 $s m 5'i m Si To Si m 5'i m ffi M ffi f ffi m ffi m ffi m t ffi m 15 J m J m J ap J m 3 m 3 0a 3 M 3 m 3 m 3 W 3 as 3 m a m a m a m a m a m a m a m a m a m a m a 00 a 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 0 Personnel 0 Power Supply Other Operating Personnel Expense: Year-to-date personnel costs of $23.3M are $5.4M (18.8%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $101.2M are in line with the budget. Other Operating Expense: Year-to-date other operating expenses of $1.1M are $6.2M (85%) below budget due to timing of expenses and savings in other general operating expenses.