04-10-2023 BPU RPT 16 - Laserfiche WebLink

Home

W A T E R E N E R G Y L I F E �r RPU FINANCIAL RESULTS \ ' ldk Unaudited FY 2022/23 through September 30 2022 PUBLIC UTILITIES / r / ELE CTRIC OM Aug -22 Sep -22 Oct -22 IN Feb -23 Mar -23 Apr -23 May -23 Jun -23 '� 0 Power Supply 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 $45 $40 $35 $30 $25 $20 - $15 - $10 - $5 — 1 Wfl $D lu1-22 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 FACTUAL � BUDGET PRIOR YEAR Retail KWh Sales Total - YTD 689 709 679 800 `o 700 4.3 3.9 5.3 600 257.6 263.0 271.0 500 400 133.6 139.2 300 200 293.9 263.7 100 0 Sep -21 Sep -22 Budget -23 ■ Residential ■ Commercial ■ Industrial ■ Other Year-to-date retail sales of $110.OM are $4.9M (4.7%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $6.4M (6.2%) higher than prior year due to an increase in consumption compared to the prior year and rate plan increases. Retail kWh sales reflect 4.4% higher than budget due to higher than anticipated consumption and 2.9% higher than prior year. OPERATING EXPENDITURES Personnel Expense $9 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 0 Personnel 0 Power Supply Other Operating $7 $6 $5 $4 P I I � Jul -22 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 ■ Regular Overtime ■ Benefits .$45 $40 $35 $30 $25 $20 $15 $10 $5 s Total Operating Expense Power Supply Expense $35 2 $30 $25 $20 $15 $10t 7g — — Ju1-22 Aug -22 Sep -22 OC n Nov -22 Dc -22 len-23 Feb -23 Mer -23 Apr -23 May -23 1un-23 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $14.3M are $4.3M (23.1%) lower than budget due to various vacancies and attrition. Power supply Expense: Year-to-date power supply costs of $85.6M are $15.OM (21.3%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $1.4M are $5.1M (78.2%) below budget due to timing of expenses and savings in other general operating expenses. Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 0 Personnel 0 Power Supply Other Operating Power Supply Expense $35 2 $30 $25 $20 $15 $10t 7g — — Ju1-22 Aug -22 Sep -22 OC n Nov -22 Dc -22 len-23 Feb -23 Mer -23 Apr -23 May -23 1un-23 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $14.3M are $4.3M (23.1%) lower than budget due to various vacancies and attrition. Power supply Expense: Year-to-date power supply costs of $85.6M are $15.OM (21.3%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $1.4M are $5.1M (78.2%) below budget due to timing of expenses and savings in other general operating expenses.