05-08-2023 BPU RPT 14 - 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 \ MORM ldk Unaudited FY 2022/23 through Januar 31 2023 PUBLIC UTILITIES / / ELECTRIC • • A OM IN 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. c $45 f $40 $35 $30 $25 $20 $15 $10 $5 $0 Retail Sales Revenue Jul 22 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 FACTUAL iiiiiiiiiBUDGET PRIOR YEAR Total -YTD 1,600 0 1,400 1,200 1,000 800 — 274.7 280. 289.4 521.5 _ 555 ft Jan -22 Jan -23 Bud &J-23 ■ Residential ■ Commercial ■ Industrial ■ Other Retail KWh Sales 1.365 1,422 1,381 11.4 9.6 13.2 557.2 577.0 590.9 600 400 200 0 Year-to-date retail sales of $225.1M are $7.3M (3.4%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $15.9M (7.6%) higher than prior year due to an increase in consumption compared to the prior year and rate plan increases. Retail kWh sales reflect 3.0% higher than budget due to higher than anticipated consumption and 4.2% higher than prior year. Personnel Expense `o $9 f $s $2 $6 $5 $4 oil lim 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 Total Operating Expense N� 0 $35 — $30 $25 $20 $15 $10 $5 s <m am am am <m <m am am am <m am am Jul -22 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 10 $ 1 1 1 1HNIT, 1 Jul -22 Aug -22 Sep -22 0,122 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 ■Transmission ■Generation Personnel Expense: Year-to-date personnel costs of $35.OM are $9.7M (21.6%) lower than budget due to various vacancies and attrition. Power supply Expense: Year-to-date power supply costs of $162.8M are $16.5M (11.3%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $6.OM are $9.11M (60.2%) below budget due to timing of expenses and savings in other general operating expenses.