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% Gas 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% 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 YTD Preliminary Actuals as a Percent of Plan Goal Residential Low-Income Commercial & Industrial Total 152% 150% 145% 90% 84% 80% 77% 76% 72% 67% 53% 45% 39% 39% 38% 30% 27% 21% 21% 19% Sum of Participants Sum of Total Spend Sum of Capacity (kW) Sum of Energy (annual MWh) Sum of Energy (Lifetime MWh)
Cumulative Statewide Electric Summary (January 1, 2013 through June 30, 2015) Cumulative Statewide Achievements as Percent of 2013-2015 Planned Goal (27/36 Months) Residential Low-Income Commercial & Industrial Total 158% 148% 148% 126% 126% 122% 118% 110% 108% 108% 101% 84% 78% 77% 74% 75% 63% 63% 62% 60% Sum of Participants Sum of Total Spend Sum of Capacity (kW) Sum of Energy (annual Sum of Energy (Lifetime MWh) MWh)
Gas Q2 Achievement Summary YTD Preliminary Actuals as a Percent of Plan Goal Residential Low-Income Commercial & Industrial Total 94% 94% 74% 72% 70% 68% 61% 55% 53% 48% 44% 42% 43% 23% 19% 19% Sum of Participants Sum of Total Spend Sum of Annual Therms Sum of Lifetime Therms
Cumulative Statewide Gas Summary (January 1, 2013 through June 30, 2015) Cumulative Statewide Achievements as Percent of 2013-2015 Planned Goal (27/36 Months) Residential Low-Income Commercial & Industrial Total 138% 135% 122% 115% 110% 98% 98% 89% 88% 88% 83% 78% 75% 62% 61% 50% Sum of Participants Sum of Total Spend Sum of Annual Therms Sum of Lifetime Therms
Preliminary 2015 Year-End Forecast
Statewide Electric Preliminary Year-End Forecasts – Savings and Spending Statewide Electric Spend & Savings Preliminary Year- End Projections, 2015 Lifetime Projection 106% 12% Total Annual Projection 93% 10% Budget 116% Commercial & Lifetime Projection 89% 12% Industrial Annual Projection 82% 9% Budget 103% Lifetime Projection 149% 14% Low-Income Annual Projection 139% 11% Budget 113% Lifetime Projection 200% 11% Residential Annual Projection 115% 11% Budget 139%
Statewide Electric Preliminary Year-End Forecasts – Portfolio and C&I Breakdown Breakdown of 2015 Preliminary Year-End C&I Breakdown of 2015 Savings - (Electric) Preliminary Year-End 140% Savings - (Electric) 120% 120% 0% 12% 0% 100% 100% 0% 10% 9% 12% 9% 80% 80% 69% 49% 60% 60% 63% 53% 40% 40% 44% 20% 20% 36% 29% 26% 0% 0% Total Electric (% Of Total Electric (% of C&I Electric (% Of Annual C&I Electric (% of Lifetime Annual Goal) Lifetime Goal) Goal) Goal) Year-To-Date (Q2) Year-End Forecast Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap High Forecast Remaining Gap 2014 YTD Goal 2014 YTD Goal
Statewide Gas Preliminary Year-End Forecasts – Savings and Spending Statewide Gas Spend & Savings Preliminary Year- End Projections, 2015 Lifetime Projection 104% 7% Total Annual Projection 98% 6% Budget 102% Commercial & Lifetime Projection 87% 8% Industrial Annual Projection 85% 6% Budget 76% Lifetime Projection 122% 6% Low-Income Annual Projection 124% 7% Budget 114% Lifetime Projection 126% 7% Residential Annual Projection 109% 6% Budget 113%
Statewide Gas Preliminary Year-End Forecasts – Portfolio and C&I Breakdown Breakdown of 2015 C&I Breakdown of 2015 Preliminary Year-End Preliminary Year-End Savings Savings - (Gas) - (Gas) 120% 120% 7% 6% 100% 100% 5% 8% 6% 80% 80% 43% 55% 60% 60% 62% 66% 40% 40% 56% 49% 20% 20% 23% 21% 0% 0% Total Gas (% of annual Goal) Total Gas (% of lifetime goal) C&I Gas (% of annual Goal) C&I Gas (% of lifetime goal) Year-To-Date (Q2) Year-End Forecast Year-To-Date (Q2) Year-End Forecast High Forecast Remaining Gap High Forecast Remaining Gap 2014 YTD Goal 2014 YTD Goal
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