5.1 ERMUSR 10-11-2022 - Laserfiche WebLink

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UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Melissa Karpinski –Finance Manager MEETING DATE: AGENDA ITEM NUMBER: October 11, 20225.1 SUBJECT: Financial Report – August2022 ACTION REQUESTED: Receive the August2022 Financial Report DISCUSSION: Please note that these are the preliminary unaudited financial statements. Electric August’s electric kWhsales are down from the prior year, 10% (error in July 2021 Large Commercial billing with adjustment done in August 2021 – factoring in adjustment usage would be down 4%). For further breakdown: Residential usage is down 5% Small Commercial usage is down 2% Large Commercial usage is down 14% (error in July 2021 billing with adjustment done in August 2021 – factoring in adjustment usage would be down 3%) Electric Operating Revenues for August of $4,222,366 are more than prior year by 10% and favorable to budget by 7%. August YTD is more than prior year by 10% and favorable to budget by 6%. The prior YTD variance and budget YTD variance is mainly due to PCA revenue of $2,466,488. Other Revenues of $353,991 are more than the prior year by 39% and favorable to budget by 77%. Other Revenues YTD are in line with prior year and favorable to budget by 6%. The main driver of budget YTD variance is Contributions from Customers. Overall, Total Revenues of $4,576,357 are more than the prior year by 12% and favorable to budget by 10%. YTD is more than the prior year by 10% and favorable tobudget by 6%. Purchased Power of $3,405,889 is more than the prior year by 14% and is unfavorable to budget by 16%. YTD is more than prior year by 16% and unfavorable to budget by 18%. YTD EAC charge is $2,765,393 more than prior year and $2,966,488 more than budget. EAC charge is partially offset by PCA revenue of $2,466,488. ______________________________________________________________________________ Page 1 of 3 45