09-25-2023 RPT 11 - Laserfiche WebLink

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W ATE R ENERGY LIFE PUBLIC UTILITIES RPU FINANCIAL RESULTS Unaudited FY 2022/23 through May 31, 2023 ELECTRIC COVID-19 IMPACT 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. REVENUES o $40 $30 $20 $10 $0 Retail Sales Revenue 11111irtillurt Jul -22 Aug -22 Sep -22 Oct -22 Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 MACTUAL BUDGET PRIOR YEAR Retail KWh Sales Total - YTD 1.970 c 2,500 0 2,000 1,500 1,000 500 0 843.2 2.011 F13.6 847.6 2.024 1 895.4 430.0 YTD May -22 YTD May -23 YTD Budget -23 • Residential o Commercial • Industrial Other Year-to-date retail sales of $325.2M are slightly higher than budget. Whereas, year-to-date retail sales are $16.3M (5.3%) higher than prior year due to an increase in consumption and rate plan increases. Year-to-date retail kWh sales are slightly lower than budget and 2.1% higher than prior year. OPERATING EXPENDITURES c 59 I 58 Personnel Expense iuiiIl IIi�ili1� 11 1m 11 11 11 11 11-11 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 8840 2535 $30 525 $20 sly 510 $5 5 - Total Operating Expense 11 11 11 11 11 11 11 11 11 I a" ? :4] a" m a" ? a" m a" m 41 4 m a" ? 4 m 4 m 4 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 • Personnel • Power Supply Other Operating $35 .2 $30 $25 $20 515 $10 55 $- Power Supply Expense I I Im 11 11 11 11 11 Jul -22 Aug -22 Sep -22 Oct -22 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 $54.8M are $13.4M (19.7%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $243.4M are $21.8M (9.9%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $10.0M are $13.6M (57.7%) below budget due to timing of expenses and savings in other general operating expenses.