06-26-2023 BPU RPT 19 - 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 2022/ _+ 23 through February 28/ 2023 PUBLIC UTILITIES ELECTRIC •• 'A• As of February 28, 2023, Governor Gavin Newsom issued a proclamation terminating California's COVID-19 State of Emergency, which also ended the City of Riverside's State of Emergency. RPU staff continue to monitor the financial impacts from COVID-19 to the Electric Utility. Year-to-date retail sales of $250.1M are $6.1M (2.5%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $16.2M (6.9%) higher than prior year due to an increase in consumption compared to the prior year and rate plan increases. Retail kWh sales reflect 1.9% higher than budget due to higher than anticipated consumption and 3.9% higher than prior year. OPERATING EXPENDITURES Personnel Expense $3 $7 $0 ' $3 I I $� 11 a m a m a m a m a m 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 o $40 $35 — $30 $25 $20 $15 $10 $5 s a? a? a? a? a? a? a? a? a? a? a? a 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 ■ Power Supply Other Operating Power Supply Expense $35 Retail KWh Sales Total - YTD 1 511 1 569 1539 c 1,800 0 = 1,600 11.0 f 12.9 14.9 1,400 $20 1,200 623.9 641.7 663.6 1,000 $15 800 306.0 311 1. 323.3 600 $10 400 567.8 605.0 537.6 200 0 YTD Feb -22 YTD Feb -23 YTD Budget -23 Residential Commercial Industrial Other Year-to-date retail sales of $250.1M are $6.1M (2.5%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $16.2M (6.9%) higher than prior year due to an increase in consumption compared to the prior year and rate plan increases. Retail kWh sales reflect 1.9% higher than budget due to higher than anticipated consumption and 3.9% higher than prior year. OPERATING EXPENDITURES Personnel Expense $3 $7 $0 ' $3 I I $� 11 a m a m a m a m a m 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 o $40 $35 — $30 $25 $20 $15 $10 $5 s a? a? a? a? a? a? a? a? a? a? a? a 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 ■ Power Supply Other Operating Power Supply Expense $35 2 $30 $25 $20 $15 $10 Jul -22 Aug -22 Sep -22 0ct-22 Nov -22 Dec -22 len-23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 ■ Transmission ■ Generation Personnel Expense: Year-to-date personnel costs of $39AM are $11.2M (22.1%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $182AM are $18.9M (11.6%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $7.1M are $10.2M (58.9%) below budget due to timing of expenses and savings in other general operating expenses.