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BLW staff reports higher power costs, revenues up and $34M reserves; council asks about outages
Summary
BLW finance staff reported monthly power costs were about $690,000 over budget and fiscal‑year‑to‑date power costs were roughly $1.95 million higher than budget; year‑to‑date revenues were up and reserves were reported at $34 million.
BLW finance staff presented an abbreviated financial supplemental, saying monthly power costs came in about $690,000 over budget and fiscal‑year‑to‑date power costs were roughly $1,950,000 higher than budget. The presenter said revenues were up approximately $2,000,000 compared to the budget year‑to‑date and noted a reserve balance of $34,000,000.
The report reviewed generation unit availability and planned outages: Shearer 2 was running to cover commitments while Shearer 1 had a planned outage and staff explained dispatch depends on volume and weather, which could require use of both Shearer and Addison units. Council members asked clarifying questions about the outage timing and what units would be run through December. Staff said they would double‑check outage schedules and follow up.
The presentation concluded with staff noting year‑to‑date capital spending and other reserved amounts; council did not take a formal vote on the financial supplemental during the work session but the report will appear on the regular meeting agenda.
