06-27-2022 BPU RPT 16 - Laserfiche WebLink

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W A T E R E N E R G Y L I F E �r RPU FINANCIAL RESULTS \ ' ldk Unaudited FY 2021/ _+ r 22 through April 30/ 2022 PUBLIC UTILITIES ELECTRIC Retail KWh Sales Total - YTD 1800 1812 1 826 C 2,000 .. 1,800 15.7 18.1 'A. 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 o $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—PRIOR YEAR Year-to-date retail sales of $283.2M are in line with the budget. Current year actual retail sales are $11.7M (4.3%) higher than prior year primarily due to rate plan increases. Retail kWh sales are in line with the budget and prior year. OPERATING E.' \ Personnel Expense $7 f $5 $5 1 $a , $2 $1 S iia za i:a i;a i:a i:D za i;a i;a >;a i;a i:a 1u1-21 Aug -21 Sep -21 0ct-21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 ■ Regular Overtime F Benefits Total Operating Expense " $35 $30 $25 $20 $15 $10 ss ' Jul -21 Aug -21 Sep -21 Oct -21 Nav-21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 Personnel ■ Power Supply Other Operating Power Supply Expense $25 $zo 7 $15 $10 &m &j ij &j ill &mij.&m m Jul -21 Aur -21 5ep-21 0ct-21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Ju 22 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $44.01M are $11.71M (21.0%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $198.61M are $10.1M (5.3%) higher than budget due to higher than expected energy costs. Year-end power supply costs are expected to be over budget by approximately $14M, or 7%. However, the unanticipated increased costs will be offset by personnel and non -personnel savings within the Electric Fund, no supplemental appropriation is recommended at this time. Other Operating Expense: Year-to-date other operating expenses of $3.7M are $11.OM (74.8%) below budget due to timing of expenses and savings in other general operating expenses. Retail KWh Sales Total - YTD 1800 1812 1 826 C 2,000 1,800 15.7 18.1 1,600 1,400 763.0 768.70 — 801.4 1,200 1,000 800 338.5 387.1 600 400 6 619.3 200 0 Apr -21 Apr -22 Budget -22 ■Residential ■Commercial Industrial Other Year-to-date retail sales of $283.2M are in line with the budget. Current year actual retail sales are $11.7M (4.3%) higher than prior year primarily due to rate plan increases. Retail kWh sales are in line with the budget and prior year. OPERATING E.' \ Personnel Expense $7 f $5 $5 1 $a , $2 $1 S iia za i:a i;a i:a i:D za i;a i;a >;a i;a i:a 1u1-21 Aug -21 Sep -21 0ct-21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 ■ Regular Overtime F Benefits Total Operating Expense " $35 $30 $25 $20 $15 $10 ss ' Jul -21 Aug -21 Sep -21 Oct -21 Nav-21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 Personnel ■ Power Supply Other Operating Power Supply Expense $25 $zo 7 $15 $10 &m &j ij &j ill &mij.&m m Jul -21 Aur -21 5ep-21 0ct-21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Ju 22 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $44.01M are $11.71M (21.0%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $198.61M are $10.1M (5.3%) higher than budget due to higher than expected energy costs. Year-end power supply costs are expected to be over budget by approximately $14M, or 7%. However, the unanticipated increased costs will be offset by personnel and non -personnel savings within the Electric Fund, no supplemental appropriation is recommended at this time. Other Operating Expense: Year-to-date other operating expenses of $3.7M are $11.OM (74.8%) below budget due to timing of expenses and savings in other general operating expenses.