July / Aug. / Sept. 2009 - Nebraska Public Power District
July / Aug. / Sept. 2009 - Nebraska Public Power District
July / Aug. / Sept. 2009 - Nebraska Public Power District
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4<br />
ENERGY INSIGHT • JULY / AUGUST / SEPTEMBER <strong>2009</strong><br />
Not a<br />
TYPICAL<br />
from the<br />
PRESIDENT & CEO<br />
First, this summer’s mild weather resulted in<br />
reduced sales to our <strong>Nebraska</strong> customers.<br />
Our “billable” peak load this summer of<br />
2,181 megawatts was 365 megawatts below our <strong>2009</strong><br />
original budget, which was used to set electric rates<br />
for this year. In April, we revised the <strong>2009</strong> budget and<br />
lowered our forecasted billable summer peak load<br />
from 2,546 megawatts to 2,449 megawatts. The actual<br />
billable peak of 2,181 megawatts was 268 megawatts<br />
below that revised budget estimate.<br />
summer<br />
RON ASCHE<br />
As the summer draws to a close, I find myself reflecting on the season. Obviously, this wasn’t<br />
a typical summer. We saw below average temperatures and above average precipitation. If<br />
you are an outdoor enthusiast, you might have enjoyed the mild temperatures; however, the<br />
weather indirectly brought with it several challenges for the <strong>District</strong>.<br />
Energy usage has also been down. As a result, we<br />
expect to end this year with sales to our <strong>Nebraska</strong><br />
customers $24 million below our revised budget.<br />
A second challenge included a reduction in prices in<br />
the regional wholesale energy markets due primarily<br />
to the national economic recession and reduced<br />
natural gas prices. For example, through <strong>Aug</strong>ust,<br />
the <strong>District</strong>’s average sales price of non-firm energy<br />
on the wholesale energy market is about $25 per<br />
megawatt‑hour, a decline of 50 percent from the