03-14-2022 BPU RPT 17 - Laserfiche WebLink

Home

W A T E R E N E R G Y L I F E - RPU FINANCIAL RESULTS PUBLIC UTILITIES Unaudited FY 2021/22 through December 31, 2021 ELECTRIC •IMPACTSM Due to the continued COVID-19 pandemic, 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 $35 $30 $25 $20 $15 $10 $5 $0 lu1-21 Aug -21 Sep -21 Oct -21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 FACTUAL BUDGET �PRIORYEAR Retail KWh Sales Total - YTD 1._.2_14 1.2_06 1.193 1,400 0 1,200 9.4 9.5 11.3 1,000 491.9 488.5 506.8 800 600 222" .0 400 200 49 0 Dee -20 Dec -21 Budget -22 ■ Residential ■ Commercial ■ Industrial —Other Year-to-date retail sales of $183.8M are $1.3M (0.7%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $2.9M (1.6%) higher than prior year due to rate plan increases. Retail kWh sales reflect 1.1% higher than budget due to higher than anticipated consumption and 0.6% lower than prior year due to a decrease in consumption. Personnel Expense $5 1 1 $a , $3 , $1 $ <m <mm <mmm <m4. m�_ Jul -21 Aug -21 Sep -21 Oct -21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 ■ Regular Overtime ■ Benefits Total Operating Expense ' $35 2$30 $25 $20 $15 $10 $5 s <m <m am am <m <m <m <m <m <m <m <m Jul -21 Aug -21 Sep -21 Oa -21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 0 Personnel 0 Power Supply Other Operating Power Supply Expense $25 f $20 $15 $10 m m m m Jul -21 Aug -21 Sep -21 0ct-21 Nov -21 Dec -21 Jan -22 Feb -22 Mer -22 Apr -22 MeV-22 lun-22 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $25.9M are $7.5M (22.3%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $122.5M are $4.4M (3.7%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $1.7M are $7.1M (80.3%) below budget due to timing of expenses and savings in other general operating expenses.