5.1 ERMUSR 11-09-2021 - Laserfiche WebLink

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UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Melissa Karpinski –Finance Manager MEETING DATE: AGENDA ITEM NUMBER: November9, 2021 5.1 SUBJECT: Financial Report – September 2021 ACTION REQUESTED: Receive the September 2021 Financial Report DISCUSSION: Please note that these are the preliminary unaudited financial statements. Electric September’s electric kWh sales are up from the prior year, 16%. For further breakdown: Residential usage is up 25% Small Commercial usage is up 28% Large Commercial usage is up 11% Electric Operating Revenues for September of $4,001,123 are more than prior year by 14% and favorable to budget by 11%. September YTD is ahead of prior year by 6% and favorable to budget by 2%. The main driver of prior YTD variance is increased usage. Other Revenues of $232,603 are more than prior year by 58% and favorable to budget by 31%. Other Revenues YTD are ahead of prior year by 15% and favorable to budget by 27%. Overall, Total Revenues of $4,233,727 are more than prior year by 16% and favorable to budget by 12%. YTD is more than prior year by 6% and is favorable to budget by 4%. Purchased Power of $2,437,905 is more than prior year by 20% but favorable to budget by 2%. YTD is more than prior year by 13% and is unfavorable to budget by 7%. YTD Energy Adjustment Clause charge is $1,503,901 more than prior year and $369,756 more than budget. YTD Other Operating Expense of ($154,788) is due to relieving the Other Postemployment Benefits (OPEB) liability ($208,273) due to the change from group-based medical premiums to age-based medical premiums. With this change ERMU no longer has an OPEB liability. ______________________________________________________________________________ Page 1 of 3 51