07-27-2020 BPU RPT 13 - Laserfiche WebLink

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WATER I ENERGY LIFE Item 13 � RPU FINANCIAL RESULTS FY 2019/20 through May 31, 2020 %f-, • • 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. Year-to-date retail sales of $283.4M are $10.9M (3.7%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $0.4M (0.1%) higher than prior year, due to rate plan increases offset by a decrease in consumption over the prior year. Retail kWh sales reflect 3.8% lower than budget due to lower than anticipated consumption and 2.4% lower than prior year due to a decrease in consumption. i Personnel Expense $7 $G $4 1 1 1 1 $2 �r a Jul -19 Aug -19 Sep -19 0ct-19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Regular Overtime ■ Benefits Total Operating Expense -$35 D Retail KWh Sales Total - YTD 1_,986 1-,938 2,014 C 2,500 $25 0 2,000 19.317.1 20.8 $20 1,500 890.9 879.7 946.3 1,000 383.6 407.6 Soo 657.9 639.3 0 May -19 May -20 Budget -20 Residential Commercial Industrial Other Year-to-date retail sales of $283.4M are $10.9M (3.7%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $0.4M (0.1%) higher than prior year, due to rate plan increases offset by a decrease in consumption over the prior year. Retail kWh sales reflect 3.8% lower than budget due to lower than anticipated consumption and 2.4% lower than prior year due to a decrease in consumption. i Personnel Expense $7 $G $4 1 1 1 1 $2 �r a Jul -19 Aug -19 Sep -19 0ct-19 Nov -19 Dec -19 Jan -20 Feb -20 Mar -20 Apr -20 May -20 Jun -20 ■ Regular Overtime ■ Benefits Total Operating Expense -$35 D 2$30 $25 $20 $15 $10 $5 a0 7 m 7 m 7 b <m <m <m <m 7 N 7 N 7 b <m <m <m 7 b 7 V 7 V 7 m t b <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 0 Power Supply Other Operating Power Supply Expense $25 $20 $15 $10 � 1 11414HI ' 1 m-. z — tr — — A r a m a m' a m a m' 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 ■Transmission Generation Personnel Expense: Year-to-date personnel costs of $50.8M are $12.3M (19.5%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $200.3M are $9.8M (4.7%) lower than budget primarily due to lower than anticipated consumption. Other Operating Expense: Year-to-date other operating expenses of $4.6M are $13.8M (75.0%) below budget due to timing of expenses and savings in other general operating expenses.