2.3. ERMUSR 11-17-2015 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE September 2015 Electric P&L September's electric kwh sales (for August usage) are up marginally from the prior year by.41%overall: • Residential usage is down.8% • Small Commercial usage is down 12% • Large Commercial usage is up 3% from the prior year. September Operating Revenue is up from the prior year by 2.3%for the month,up slightly at 1% for year-to-date numbers, and over year-to-date budgeted numbers by 1.3%. Other Revenue is down slightly from the prior year by 2.1%for September. Connection Fees are down but Miscellaneous Revenue is higher due to a timing difference. Miscellaneous Revenue has a MISO payment for the month of August that wasn't received until September. Overall, Total Revenues of$3,192,303 are above the prior year$3,127,234 by 2%, year- to-date revenues are ahead .82%, and increased over budgeted numbers 1.13%. Purchased Power is up from the prior year 8.2%. There was a small credit last year included in the power costs. Year-to-date the difference in costs for purchased power are 3.9% less than the prior year due to PCAs in 2014.. For other expenses,there are some differences from the prior year. Maintenance Expense is more because of a reduction in costs in 2014 related to reimbursement of expenses for testing of the plant engines' capacity, and the purchase of a battery charger in 2015. Landfill Gas Expense is below the prior year due to a timing difference with invoices for monthly maintenance not received until September. Total expenses were $2,908,974, over the previous year for September by 5.6%and under year-to-date numbers by 1.7%. The Electric Department has a Net Profit of$157,851, compared to the prior year Net Profit of$246,840. Year-to-date there is a Net Profit of$1,512,992, compared to the prior year Net Profit of$945,242. 33