06-22-2020 BPU RPT 08 - Laserfiche WebLink

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Item 8 WATER I ENERGY L I F E RPU FINANCIAL RESULTS PUBLIC UTILITIES FY 2019/20 through April 30, 2020 ELECTRIC I III Due to the COVID-19 pandemic and the Governor's declaration of State of Emergency on March 4, 2020 and Stay at Home Order issued on March 19, 2020, RPU recognizes that there will be impacts to the financial results of the Electric Utility, which staff will continue to monitor. Retail Sales Revenue $40 — 2$35 $30 $25 $20 — $15 $10 $5 $0 it lul-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 $259.9M are $9.2M (3.4%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $0.6M (0.2%) higher than prior year, due to rate plan increases offset by a decrease in consumption over the prior year. Retail kWh sales reflect 3.2% lower than budget due to lower than anticipated consumption and 1.9% lower than prior year due to a decrease in consumption. Personnel Expense e $7 i $6 $5 $3 $2 $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 ■ Regular Overtime Benefits Total Operating Expense c $35 0 Retail KWh Sales Total - YTD 1.820 1.787 2,000 $30 a? — °_ 1,800 a? a? a? 19.2-411111— 1,600 a? a? a Jul -19 Aug -19 1,400 802.5 — _ 861.2 1,200 Apr -20 May -20 Jun -20 — 1,000 ■ Transmission Generation 800 366.7 372.0 600 400 633.0 593.6 200 0 $10 Apr -19 Apr -20 Budget -20 ■ Residential Or Commercial Industrial Other Year-to-date retail sales of $259.9M are $9.2M (3.4%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $0.6M (0.2%) higher than prior year, due to rate plan increases offset by a decrease in consumption over the prior year. Retail kWh sales reflect 3.2% lower than budget due to lower than anticipated consumption and 1.9% lower than prior year due to a decrease in consumption. Personnel Expense e $7 i $6 $5 $3 $2 $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 ■ Regular Overtime Benefits Total Operating Expense c $35 0 $30 a? a? a? a? a? a? a? a? $25 a? 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 $20 ■ Transmission Generation $15 $10 $5 $- o] s m<a>]v mm>v mms mn9s] om> mm� mms] m],sY 4' �] r K ma < a m< <a m< <<m<m, -Xm Jul-19 Aug -19 Sep -19 Oct -19 Nov -19 0ec-19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 0 Personnel 0 Power Supply Other Operating $25 $zo $15 $10 $5 S Power Supply Expense �!l�Pr��11 fl Personnel Expense: Year-to-date personnel costs of $46.5M are $10.9M (18.9%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $185.4M are $5.9M (3.1%) lower than budget primarily due to lower than anticipated consumption. Other Operating Expense: Year-to-date other operating expenses of $4.OM are $12.7M (75.9%) below budget due to timing of expenses and savings in other general operating expenses. a? a? a? a? a? a? a? a? a? a? 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 ■ Transmission Generation Personnel Expense: Year-to-date personnel costs of $46.5M are $10.9M (18.9%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $185.4M are $5.9M (3.1%) lower than budget primarily due to lower than anticipated consumption. Other Operating Expense: Year-to-date other operating expenses of $4.OM are $12.7M (75.9%) below budget due to timing of expenses and savings in other general operating expenses.