07-25-2022 BPU RPT 17 - Laserfiche WebLink

Home

W A T E R E N E R G Y L I F E F�� RPU FINANCIAL RESULTS ' ldk Unaudited FY 2021/22 through May 31 2022 PUBLIC UTILITIES / / ELECTRIC C• PAC 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. o $40 $35 $30 $25 $20 $15 $10 $5 $0 Retail Sales Revenue Jul -21 Aug -21 Sep -21 Oct -21 Nov -21 Dx 21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 111111111111ACiUAL soonBUDGET —PRIORYEAR Retail KWh Sales Total - YTD 1956 1970 1991 2,500 0 2.000 17.0 1 1,500 838.3 3 .8 1,000 500 0 May -21 May -22 Budget -22 ■ Residential ■ Commercial -industrial Other Year-to-date retail sales of $308.9M are in line with the budget. Current year actual retail sales are $13.7M (4.6%) higher than prior year primarily due to rate plan increases. Retail kWh sales are 1.1% lower than budget due to lower than anticipated consumption and 0.7% higher than prior year due to an increase in consumption. liff"OPERATING EXPENDITURES Personnel Expense E $7 $6 ' '1 $4 $3 , $2 $10 $1 Aug -21 IN $5 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 ` e $35 o 2$30 $25 �— $20 $15 $10 $5 �z �v 4V 7i 5Z rz �v r r <� <� <� <� <� <_ <_ <_ <_ <_ <� <_ Jul -21 Aug -21 Sep -21 Oct -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 o $25 $20 $15 $10 Jul -21 Aug -21 IN $5 Apr -22 May -22 Jun -22 IvA Personnel Expense: Year-to-date personnel costs of $48.OM are $13.2M (21.6%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $219.OM are $11.7M (5.6%) 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 $4.OM are $12.2M (75.2%) below budget due to timing of expenses and savings in other general operating expenses. Jul -21 Aug -21 Sep -21 Oct -21 Nov -21 Dec -21 Jan -22 Feb -22 Mar -22 Apr -22 May -22 Jun -22 ■Transmission ■Generation Personnel Expense: Year-to-date personnel costs of $48.OM are $13.2M (21.6%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $219.OM are $11.7M (5.6%) 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 $4.OM are $12.2M (75.2%) below budget due to timing of expenses and savings in other general operating expenses.