Second Quarter 2015 Performance & Preliminary Year-End Forecasts - - PowerPoint PPT Presentation

Second Quarter 2015 Performance & Preliminary Year-End Forecasts

PA Presentation to the EEAC - August 18, 2015

Q2 Results

2015 Comparison to 2013 and 2014 Q2 YTD

Electric 2013 2014 2015

Spending

$151,089,426 31% $163,268,513 33% $231,499,060 45%

Lifetime MWh

3,042,068 23% 3,545,021 27% 5,277,204 38%

Annual MWh

303,275 25% 391,953 32% 495,691 39%

Benefits

$653,316,839 28% 761,097,605 33%

$1,015,419,355

43%

2013 2014 2015

Spending 58,043,977 34% $58,426,174 33% 76,276,228 42% Annual therms 5,964,914 26% 11,589,429 47% 11,912,270 48% Lifetime therms 101,419,486 33% 125,772,776 40% 136,705,987 43% Benefits $155,602,569 36% $209,502,560 42% $212,954,509 31%

Gas

Note: percentages from year to year reflect increasing overall goals; thus, as shown above, equal or lower percentages do not necessary translate to equivalent or lower savings

Electric Q2 Achievement Summary

152% 67% 84% 77% 145% 72% 53% 80% 76% 90% 27% 30% 21% 21% 19% 150% 45% 39% 39% 38% Sum of Participants Sum of Total Spend Sum of Capacity (kW) Sum of Energy (annual MWh) Sum of Energy (Lifetime MWh)

YTD Preliminary Actuals as a Percent of Plan Goal

Residential Low-Income Commercial & Industrial Total

Cumulative Statewide Electric Summary (January 1, 2013 through June 30, 2015)

148% 101% 108% 110% 158% 122% 84% 108% 118% 126% 126% 63% 62% 63% 60% 148% 78% 74% 77% 75% Sum of Participants Sum of Total Spend Sum of Capacity (kW) Sum of Energy (annual MWh) Sum of Energy (Lifetime MWh)

Cumulative Statewide Achievements as Percent of 2013-2015 Planned Goal (27/36 Months)

Residential Low-Income Commercial & Industrial Total

Gas Q2 Achievement Summary

94% 53% 74% 72% 61% 44% 70% 68% 55% 23% 19% 19% 94% 42% 48% 43% Sum of Participants Sum of Total Spend Sum of Annual Therms Sum of Lifetime Therms

YTD Preliminary Actuals as a Percent of Plan Goal

Residential Low-Income Commercial & Industrial Total

Cumulative Statewide Gas Summary (January 1, 2013 through June 30, 2015)

98% 88% 110% 115% 122% 83% 138% 135% 78% 50% 62% 61% 98% 75% 89% 88% Sum of Participants Sum of Total Spend Sum of Annual Therms Sum of Lifetime Therms

Cumulative Statewide Achievements as Percent of 2013-2015 Planned Goal (27/36 Months)

Residential Low-Income Commercial & Industrial Total

Preliminary 2015 Year-End Forecast

Statewide Electric Preliminary Year-End Forecasts – Savings and Spending

139% 115% 200% 11% 11% 113% 139% 149% 11% 14% 103% 82% 89% 9% 12% 116% 93% 106% 10% 12% Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Residential Low-Income Commercial & Industrial Total

Statewide Electric Spend & Savings Preliminary Year- End Projections, 2015

Statewide Electric Preliminary Year-End Forecasts – Portfolio and C&I Breakdown

44% 36% 49% 69% 10% 12% 0% 0% 0% 20% 40% 60% 80% 100% 120% 140% Total Electric (% Of Annual Goal) Total Electric (% of Lifetime Goal)

Breakdown of 2015 Preliminary Year-End Savings - (Electric)

Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap 2014 YTD Goal 29% 26% 53% 63% 9% 12% 9% 0% 0% 20% 40% 60% 80% 100% 120% C&I Electric (% Of Annual Goal) C&I Electric (% of Lifetime Goal)

C&I Breakdown of 2015 Preliminary Year-End Savings - (Electric)

Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap 2014 YTD Goal

Statewide Gas Preliminary Year-End Forecasts – Savings and Spending

113% 109% 126% 6% 7% 114% 124% 122% 7% 6% 76% 85% 87% 6% 8% 102% 98% 104% 6% 7% Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Budget Annual Projection Lifetime Projection Residential Low-Income Commercial & Industrial Total

Statewide Gas Spend & Savings Preliminary Year- End Projections, 2015

Statewide Gas Preliminary Year-End Forecasts – Portfolio and C&I Breakdown

56% 49% 43% 55% 6% 7% 0% 20% 40% 60% 80% 100% 120% Total Gas (% of annual Goal) Total Gas (% of lifetime goal)

Breakdown of 2015 Preliminary Year-End Savings - (Gas)

Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap 2014 YTD Goal 23% 21% 62% 66% 6% 8% 5% 0% 20% 40% 60% 80% 100% 120% C&I Gas (% of annual Goal) C&I Gas (% of lifetime goal)

C&I Breakdown of 2015 Preliminary Year-End Savings

• (Gas)

Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap 2014 YTD Goal