September 10, 2014 Associated Electric Cooperative 1 Joe Wilkinson Director, Member Services &...
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Transcript of September 10, 2014 Associated Electric Cooperative 1 Joe Wilkinson Director, Member Services &...
September 10, 2014 Associated Electric Cooperative 1
Associated Electric Cooperative
Joe WilkinsonDirector, Member Services & Corporate Communications
September 10, 2014 Associated Electric Cooperative 2
112,000,...
12,500,...
13,000,...
13,500,...
14,000,...
233,900 MWh
2014 Loads 1.8% Above Budget
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep Oct
Nov
Dec
1,000,000.0
1,200,000.0
1,400,000.0
1,600,000.0
1,800,000.0
2,000,000.0
2,200,000.0
2,400,000.0
2,600,000.0
Actual Budget
Mem
ber
Load
+ L
osse
s (G
Wh)
September 10, 2014 Associated Electric Cooperative 3
chart
New Madrid and Thomas Hill YTD Availability
88%
September 10, 2014 Associated Electric Cooperative 4
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
$6.00
$6.50
$7.00
$7.50
$8.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Budget
Actuals
2014 Futures on8/12
2014 Henry Hub Gas Prices
4.60
4.394.32
4.10 4.11 4.144.38
5.864.77
4.61
4.564.55
4.02
4.17 4.19
3.92
September 10, 2014 Associated Electric Cooperative 5
chart
Sales Margins – Budget vs. Actual$2
.6 $3
.0
$4
.4
$3
.8 $4
.5
$4
.0
$5
.7
$4
.5
$4
.1
$2
.7
$2
.5 $3
.4
$1
1.6
$3
.1 $3
.8
$3
.1
$8
.6
$4
.8
$2
.4
$0M
$2M
$4M
$6M
$8M
$10M
$12M
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Budget
ActualJuly Margin $3.4M
Below Budget
$2
.6
$5
.6
$1
0.0 $1
3.8 $1
8.2 $2
2.2 $
28.0 $3
2.5 $3
6.6
$3
9.2
$4
1.7
$4
5.0
$1
1.6
$1
4.6 $1
8.4
$2
1.5
$3
0.1 $3
4.9
$3
7.3
$0M
$5M
$10M
$15M
$20M
$25M
$30M
$35M
$40M
$45M
$50M
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
YTD Margins Through July $9.3M Above Budget
$1 .8
$3
9.1
August Margins$2.7 million below budget
YTD Margins Through August$6.6 million above budget
September 10, 2014 Associated Electric Cooperative 6
September 10, 2014 Associated Electric Cooperative 7
chart
New Madrid Coal Stockpile
September 10, 2014 Associated Electric Cooperative 8
chart
Thomas Hill Coal Stockpile
September 10, 2014 Associated Electric Cooperative 9
March AprilMay
JuneJuly
August
September
October
November
December
January
February
March AprilMay
JuneJuly
August4
4.5
5
5.5
6
6.5
7
7.5
8
Cycle Times – Thomas Hill 2013-2014
September 10, 2014 Associated Electric Cooperative 10
January February March April May June July August 4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
New Madrid Cycle Times
Thomas Hill Cycle Times
YTD AvgNew Madrid 10.55 DaysThomas Hill 6.91 Days
2014 Year-To-Date Cycle Times
September 10, 2014 Associated Electric Cooperative 11
Key Upcoming Dates
• September 23-24 – Board’s first review of Cost of Service, Long Range Financial Forecast
• November 4-5 – Board’s review of final Cost of Service, Long Range Financial Forecast
September 10, 2014 Associated Electric Cooperative 12
Questions?