03-08-2021 BPU RPT 19 - Laserfiche WebLink

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W A T E R E N E R G Y L T F E RPU FINANCIAL RESULTS " iii P U B L I C U T I L I T I E S Unaudited FY 2020/21 through September 30, 2020 ELECTRIC 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. o $40 $35 $30 $25 $20 $15 $10 $5 $0 Retail Sales Revenue Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 FACTUAL � BUDGET PRIOR YEAR Retail KWh Sales Total - YTD 661 661 654 700 o_ 4.2 4.2 5.2 600 500 272.6 254.6 287.4 400 300 131.4 200 100 0 Sep -19 Sep -20 Budget -20 ■ Residential ■ Commercial ■ Industrial ■ Other Year-to-date retail sales of $97.3M are $1.8M (1.9%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $3.9M (4.1%) higher than prior year, due to an increase in consumption as a result of warmer temperatures compared to the prior year. Retail kWh sales reflect 1.0% higher than budget due to higher than anticipated consumption and are in line with prior year sales. OPERATING • ■ ■ ■ ■ ■ Power Supply Expense ii $30 i $zs $zo $1s $10 $s $ Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 Total Operating Expense .$35 0 2$30 $25 — $20 $15 $10 $5 a" m. < m. < m. a" m. a m. < m. a" m. a" m. a" m. a" m. a" m. a m' Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 0 Personnel 0 Power Supply Other Operating ■ Transmission Generation Personnel Expense: Year-to-date personnel costs of $11.7M are $5.1M (30.1%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $66.3M are in line with the budget. Other Operating; Expense: Year-to-date other operating expenses of $0.7M are $4.4M (86.9%) below budget due to timing of expenses and savings in other general operating expenses. Personnel Expense 0 $6 € $5 $4 $2 ■ ■ ■ ■ ■ oil $1 S n9 ca i;a z9 ca >;9 i;9 >; i;a �a z9 i9 Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 ■ Regular Overtime Benefits • ■ ■ ■ ■ ■ Power Supply Expense ii $30 i $zs $zo $1s $10 $s $ Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 Total Operating Expense .$35 0 2$30 $25 — $20 $15 $10 $5 a" m. < m. < m. a" m. a m. < m. a" m. a" m. a" m. a" m. a" m. a m' Jul -20 Aug -20 Sep -20 Oct -20 Nov -20 Dec -20 Jan -21 Feb -21 Mar -21 Apr -21 May -21 Jun -21 0 Personnel 0 Power Supply Other Operating ■ Transmission Generation Personnel Expense: Year-to-date personnel costs of $11.7M are $5.1M (30.1%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $66.3M are in line with the budget. Other Operating; Expense: Year-to-date other operating expenses of $0.7M are $4.4M (86.9%) below budget due to timing of expenses and savings in other general operating expenses.