04-08-2024 RPT 16 - Laserfiche WebLink

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521.1 W ATE R ENERGY LIFE PUBLIC UTILITIES RPU FINANCIAL RESULTS Unaudited FY 2023/24 through December 31, 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 1,540 $30 $20 $10 $0 Retail Sales Revenue 1111 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 Apr -24 May -24 Jun -24 ACTUAL BUDGET —..—PRIOR YEAR Total -YTD c 1,400 0 E 1,200 1,000 800 600 - 400 200 0 Retail KWh Sales 1269 8.1 510.4 L 1 153 6.1 483.8 YID Det -22 1225 YTD Dec -23 YTD Budget -24 • Residential ■ Commercial • Industrial Other Year-to-date retail sales of $188.8M are $9.1M (4.6%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $10.9M (5.5%) lower than prior year due to a decrease in consumption compared to the prior year. Retail kWh sales reflect 5.9% lower than budget due to lower than anticipated consumption and 9.1% lower than prior year. 1 OPERATING EXPENDITURES §59 $6 $5 $4 53 $2 $1 $- Personnel Expense .I 1 a 1 a 1! a am 1 a ma 1 a 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 • Regular Overtime • Benefits 2 $40 835 $30 $25 $20 515 $10 $5 8 - Total Operating Expense 31. e g 2I !I !I !I !I 2I 21 !I !I m 5 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 $30 $25 Power Supply Expense if. Jul -23 9 f. Aug -23 a a m Sep -23 1 1 11111111 11 11 11 11 a m' O[t23 Nov23 De[23 Jan29 Feb29 Mar24 Apr -24 May24 Jun24 • Transmission Generation Personnel Expense: Year-to-date personnel costs of $29.6M are $7.0M (19.2%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $140.4M are $15.4M (12.3%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $7.1M are $4.9M (40.8%) below budget due to timing of expenses and savings in other general operating expenses.