01-22-2024 RPT 15 - Laserfiche WebLink

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W ATE R ENERGY LIFE PUBLIC UTILITIES RPU FINANCIAL RESULTS Unaudited FY 2023/24 through September 30, 2023 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 0 540 $30 $20 $10 50 Retail Sales Revenue 11 NA Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 FACTUAL BUDGET —PRIOR YEAR Retail KWh Sales Total - YTD 709 E800 O 700 3.9 2 600 500 400 300 200 100 0 263.0 135.5 632 683 YTD Sep -22 YTD Sep -23 YTD Budget -24 • Residential ■ Commercial • Industrial • Other Year-to-date retail sales of $102.1M are $6.6M (6.1%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $7.9M (7.2%) lower than prior year due to a decrease in consumption compared to the prior year. Retail kWh sales reflect 7.5% lower than budget due to lower than anticipated consumption and 10.9% lower than prior year. OPERATING EXPENDITURES 1 Personnel Expense 3 L 3 L 3 L 3 5 a m' :11 a1 U.1 41 41 41 41 41 41 41 41 1 1 31 31 31 31 31 31 31 31 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 • Regular Overtime Benefits 1535 530 525 520 515 510 $5 5 - Total Operating Expense 541 8 m u e 5 m 6 o L e 8 m 5 m 5 e 5 e 5 m u m 5 m Q 9y Q m a g a m a m 111 m < m a m c m < m < m Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 • Personnel • Power Supply Other Operating 2 530 $25 $20 515 $10 55 Power Supply Expense 3 f am Jul -23 Aug -23 Sep -23 Oct -23 am Nov -23 3 g s am am ? 3 � a 3 ? a 3 � a 11 a m 3 5 3 5 G Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 ■Transmission Generation Personnel Expense: Year-to-date personnel costs of $14.4M are $3.1M (17.7%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $77.0M are $8.5M (12.4%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $3.2M are $1.6M (33.3%) below budget due to timing of expenses and savings in other general operating expenses. I1IiiEI1I 11111 3 L 3 L 3 L 3 5 a m' :11 a1 U.1 41 41 41 41 41 41 41 41 1 1 31 31 31 31 31 31 31 31 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 • Regular Overtime Benefits 1535 530 525 520 515 510 $5 5 - Total Operating Expense 541 8 m u e 5 m 6 o L e 8 m 5 m 5 e 5 e 5 m u m 5 m Q 9y Q m a g a m a m 111 m < m a m c m < m < m Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 • Personnel • Power Supply Other Operating 2 530 $25 $20 515 $10 55 Power Supply Expense 3 f am Jul -23 Aug -23 Sep -23 Oct -23 am Nov -23 3 g s am am ? 3 � a 3 ? a 3 � a 11 a m 3 5 3 5 G Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 ■Transmission Generation Personnel Expense: Year-to-date personnel costs of $14.4M are $3.1M (17.7%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $77.0M are $8.5M (12.4%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $3.2M are $1.6M (33.3%) below budget due to timing of expenses and savings in other general operating expenses.