04-22-2024 RPT 10 - Laserfiche WebLink

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595.8 291.6 4� W ATE R ENERGY LIFE PUBLIC UTILITIES RPU FINANCIAL RESULTS Unaudited FY 2023/24 through January 31, 2024 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 will continue to monitor the financial impacts from COVID-19 to the Electric Utility. REVENUES .E$40 $30 920 $10 $0 Retail Sales Revenue 1111111H 111 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -24 Feb -24 Mer -24 Apr -24 May -24 Jun -24 ACTUAL — BUDGET —0—PRIOR YEAR Total -YTD 1,600 0 1,400 1,200 1,000 800 600 400 200 0 Retail KWh Sales 1422 577.0 280.2 555.6 103 YTDJan-23 YTD Jan -24 1,392 YTD Budget -24 • Residential • Commercial o Industrial • Other Year-to-date retail sales of $214.5M are $10.6M (4.7%) lower than budget due to lower than anticipated consumption. Current year actual retail sales are $10.7M (4.7%) lower than prior year due to a decrease in consumption compared to the prior year. Retail kWh sales reflect 6.4% lower than budget due to lower than anticipated consumption and 8.4% lower than prior year. OPERATING EXPENDITURES s9 2" 92 $6 95 $4 $3 92 91 9- 1 3 f L L 11 g% g% 31 3 S g% 31 3 f g% m a m a" m % m a m a" m z m a m a" m m 1 Personnel Expense Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23 Jan -29 Feb -24 Mar -24 Apr -24 May -24 Jun -24 • Regular Overtime • Benefits " $40 s 935 $30 $25 $20 $15 $10 95 9 - Total Operating Expense a m a m 11 a m a m 11 11 !I a m a m 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 • Personnel • Power Supply Other Operating $30 9zs ■ ■ Power Supply Expense $zo s15 s10 SS IIII. l�rtll v‘,71 .' .1] u] ' ,v] i] i] 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 • Transmission ❑ Generation Personnel Expense: Year-to-date personnel costs of $34.4M are $7.8M (18.6%) lower than budget due to various vacancies and attrition. Power Supply Expense: Year-to-date power supply costs of $159.1M are $15.6M (10.8%) higher than budget due to higher than expected energy costs. Other Operating Expense: Year-to-date other operating expenses of $9.3M are $4.8M (34.0%) below budget due to timing of expenses and savings in other general operating expenses.