07-24-2023 BPU RPT 13 - 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 '11 ldk Unaudited FY 2022/ _+ 23 through March 31/ 2023 PUBLIC UTILITIES ELECTRIC $30 PA 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. Retail Sales Revenue sm 1 $30 1VW1 $20 $10 $0 lu1-22 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 MACFUAL � BUDGET PRIOR YEAR Retail KWh Sales Total - YTD 1659 1722 1695 c 2,000 0 1,800 11.9 14.5 16.5 1,600 1,400 3. 711 695.3 737. 1,200 1,000 600 337.6 600 400 200 0 YTD Mar -22 YrD Mar -23 YTD Budget -23 ■ Residential ■ Commercial ■ Industrial - Other Year-to-date retail sales of $276.01VI are $6.4M (2.4%) higher than budget due to higher than anticipated consumption. Current year actual retail sales are $17.9M (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 1.6% higher than budget due to higher than anticipated consumption and 3.8% higher than prior year. EXPENDITURES __ML W OPERATING Personnel Expense $9 f � $7 $ $5 $a - S3 - $2 S m m m a m m a m m a m ao m a m ao m m Ju1-22 Aug -22 Sep -22 OC -22 Nov -22 D-22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 ■ Regular -Overtime ■ Benefits Total Operating Expense € s- $35 $30 $25 ' $20 $2s $10 $5 f am <m <m <m am am <m am am <m <m 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 $30 — $25 $20 $15 $10 - Jul -22 Aug -22 Sep -22 Oct -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 $45.9M are $10.6M (18.8%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $204.3M are $21.9M (12.0%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $8.3M are $11.OM (57.2%) below budget due to timing of expenses and savings in other general operating expenses.