2019-157 DEC June 2019 DashboardDate: August 9, 2019 Report No. 2019-157
INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: FY 2018-2019 Denton Energy Center (DEC) Dashboard – June 2019 BACKGROUND: Attached is the FY 2018-2019 Denton Energy Center Dashboard for June 2019. The dashboard is intended to give a snapshot of relevant DEC metrics. The dashboard highlights the following:
• The Emission Chart displays the June engine runtime hours, starts, stops, monthly and annual emissions totals and limits. o Cold Start – Emission system is below 115°. More emissions are produced from cold starts than warmer starts.
o Warm Start – Emission system is between 116° and 170°.
o Hot Start - Emission system is above 170°. o Stops – Emissions are produced each time the engine is stopped.
• DEC MWh Generation and Gross Revenue for FY 2018-2019 through June 2019.
• A DEC financial summary showing FY 2017-2018 Actuals, FY 2018-2019 Budget, YTD Revenues & Expenses and Fiscal Year End Projections by Expense Category. o DEC Debt Service principal and interest payments will exceed budget by $9.1M this year in adherence to bond requirements. The variation does not change total
debt service paid over the life of the bond, but does increase the FY 2018-19 debt
service payment.
• The Plant Monthly Run Hour Comparison Graph illustrates the monthly plant run times.
• The Key Trends section explains the footnotes in the financial section and will be used to
explain variances in revenues and expenses. As we continue to gain historical data of DEC operations we’ll be better able to identify trends in future months. ATTACHMENT(S): Denton Energy Center (DEC) Dashboard – June 2019
STAFF CONTACT:
David Gaines, Director of Finance (940) 349-8260 David.Gaines@cityofdenton.com REQUESTOR: Staff Generated
Date: August 9, 2019 Report No. 2019-157
PARTICIPATING DEPARTMENTS: Finance/DME
STAFF TIME TO COMPLETE REPORT: 4 hours
Note: All dollar figures presented are in millions of dollars.City of Denton, Texas FY 2018-19 Denton Energy Center YTD June 2019 DashboardKey Trends(1) In August 2018, $443,454 was paid to COD self insurance fund for insurance on Denton Energy Center ‐The policy period is 5/25/2018 to 5/25/2019.(2) DEC Debt Service principal and interest payments will exceed budget by $9.1M this year in adherence to bond requirements. The variation does not change total debt service paid over the life of the bond, but does increase the FY 2018‐19 debt service payment.(3) Includes $157,000 for rolling stock equipment and $140,000 for the purchase of shelving/racks/equipment in FY 2017‐18.(4) Capital Charge Back represents capitalized expenses during construction and startup. The charge back was charged FY 2017‐18 during construction and startup.FY 2017‐18 FY 2018‐19 FY 2018‐19 FY 2018‐19 ACTUALS BUDGET YTD PROJECTIONDEC REVENUE** $ 11.88 $ 36.30 $ 8.31 $ 29.40 EXPENDITURE SUMMARYEnergy Expense ‐Fuel $ 2.17 $ 14.97 $ 4.10 $ 14.71 Personal Services 0.91 1.87 1.26 1.85 Materials & Supplies 0.36 0.14 0.13 0.13 Maintenance & Repair 0.03 0.26 0.10 0.28 Insurance (1)0.44 0.45 0.01 0.49 Miscellaneous‐‐‐0.01 Operations 0.14 0.82 0.16 0.81 Debt Service ‐Principal (2)‐‐4.18 5.97 Debt Service ‐Interest(2)‐4.45 5.05 7.58 Interfund Transfers‐‐‐‐Transfer to Capital Projects (3) 0.30 0.01‐0.01 DEC EXPENDITURES$ 4.35 $ 22.97 $ 14.99 $ 31.84 CAPITAL CHARGE BACK(4)$ (0.92) $ ‐$ ‐$ ‐DEC NET INCOME$ 8.45 $ 13.34 $ (6.68) $ (2.44)**Preliminary, Unaudited FiguresGeneration & Gross RevenuesMonth Revenue (In Millions) MWh $/MWhOct‐18 $2.02 23,521 $85.77 Nov‐18 $1.71 17,919 $95.16 Dec‐18 $0.34 5,693 $59.61 Jan‐19 $0.50 9,665 $51.80 Feb‐19 $0.80 11,507 $69.79 Mar‐19 $1.34 17,435 $76.77 Apr‐19 $0.95 14,467 $65.97 May‐19 $0.66 12,513 $52.41 Jun‐19 $1.35 18,327 $73.81 Total FY 18‐19 $9.67 131,045 $73.77 Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May JunSeries11,481 1,539 1,033 1,633 1,433 466 752 923 1,458 1,336 2,116 1,3701,481 1,539 1,033 1,633 1,433 466 752 923 1,458 1,336 2,116 1,370 05001,0001,5002,0002,500Run HoursOperating Month Plant Monthly Run Hour Comparison EmissionsJune 2019DescriptionEngine Runtime (hours)Hot StartsWarm StartsCold Starts Stops Description NOx CO VCO PM10PM2.5SO2NH3CO2eEngines (1‐12) 1,370 84 126 127 337 DEC Monthly Emissions Total (tons) 1.59 1.47 1.10 0.89 0.89 0.02 0.20 9,015.00 DEC Annual Permit Limit Operations (tons)* 29.78 93.52 48.16 69.72 69.72 1.45 60.90 Monthly Plant Emissions per DEC Permit Limit* 5.35% 1.57% 2.28% 1.27% 1.27% 1.11% 0.33%Annual to Date Plant Emissions per DEC Permit Limit* 30.81% 9.60% 14.07% 7.62% 7.62% 6.73% 1.88%*Operations Annual limit accounts for Balance of Plant standard emissions