2.3. ERMUSR 12-16-2014 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE October 2014 Please note the financials do not yet have the new format for the YTD variance between the current and prior year as an amount. The far right column is still a%variation comparing the current year-to-date with the prior year-to-date amounts. Electric P&L October's electric kwh sales (for September usage) are down slightly, 1.1%, overall from the prior year. For further breakdown: • Residential usage is down 2.8% • Small Commercial usage is up 2.6% • Large Commercial usage is down 1% October Operating Revenue of$2,532,160 is under the prior year by 6.2%however, year- to-date is up 4.2% and over year-to-date budgeted numbers by 5%. We did not collect a PCA from customers in November and so the year-to-date amount collected remains at$333,676 in PCAs (15 mils)). (Remember that the financials are reflecting the transfer from reserves of$500,000 to offset the PCAs that we are absorbing. This is shown, on a pro-forma basis, as a transfer to Revenue and distribution from Equity, to represent in the financials the reserve allocation that normally occurs at the end of the year. The line item is Other Revenue/CIP/Rate Increase/AC Credit.) Other Revenue is up this month 11.8% from the prior year, and 2.5%above the year-to- date budgeted amount. • Interest and dividend income is more than the prior year • The Landfill is performing better and producing a better return. • Connection Fees are up considerably this month from the prior year. Overall, Total Revenues are under the prior year by 5.14%, and increased 4.26%year to date, and are ahead of budget by .4%. The total purchased power cost of$1,620,768 is down 2.34% from last year. The PCA included this month in our power bill was a credit $64,270, for a year-to-date accumulated PCA of$714,329. As mentioned above, we did not charge our customers a PCA in October. For other expenses, they are over the prior year by 5.7%: • Landfill Gas is increased due to a third quarter expense of approximately$30k for parts and costs in excess of the maintenance contract. 27