2021-026 DEC February 2021 DashboardDate: May 7, 2021 Report No. 2021-026
INFORMAL STAFF REPORT
TO MAYOR AND CITY COUNCIL
SUBJECT:
FY 2020-21 Denton Energy Center (DEC) YTD February 2021 Dashboard
BACKGROUND:
Attached is the February 2021 Dashboard for the Denton Energy Center. The dashboard is
intended to give a snapshot of relevant DEC metrics. The dashboard highlights the following:
The Emission Chart displays the February engine runtime hours, starts, stops, monthly
and annual emissions totals and limits.
DEC MWh Generation and Gross Revenue for FY 2020-21 through February 2021
o As a result of the winter storm Uri in February 2021, the DEC produced 46,763
MWh more through February 2021 compared to February 2020. This resulted in
$118.6 million more in DEC Revenue.
A DEC financial summary showing February 2020-21 Actuals, FY 2020-21 Budget,
Actuals as of February 2021 and the FY 2020-21 revised end-of-year projections.
o The FY 2020-21 year-end projection has been increased by $29.1 million
compared to the adopted budget; $28.8 million of the increase is for fuel.
The Plant Monthly Run Hour Comparison Graph illustrates the monthly plant run times.
The Key Trends section explains variances in revenues and expenses.
o The DEC Net Income was $90.24 million through the end of February, which is,
once again, a result of the ice storm.
o The DEC Gross Margin was $98.7 Million which is $98.3 Million higher than
budgeted due to the ice storm. (The Gross Margin = DEC Revenue – Fuel cost –
Variable Operating & Maintenance cost.) Gross Margin represents the
component of revenue available to pay fixed cost including debt.
ATTACHMENT(S):
Denton Energy Center (DEC) Dashboard
STAFF CONTACTS:
Cassandra Ogden
Director of Finance
(940) 349-7195
cassandra.ogden@cityofdenton.com
Nick Vincent
Assistant Director of Finance
(940) 349-8063
nicholas.vincent@cityofdenton.com
City of Denton, Texas
FY 2020-21 Denton Energy Center
YTD February 2021 Dashboard
Key Trends
For the first 5 months of FY 2020-21, the DEC produced 46,763 MWh more than the same period of FY 2019-20.
This resulted in approximately $118.6 million more in revenues and $23.3 million more in total expenses than the
same time in the previous fiscal year. These increases are a result of the Winter storm Uri event in mid-February
2021.
The DEC Gross Margin as of February 28 was $98.7 million which is $98.3 million higher than budgeted. (Gross
Margin = DEC Revenue –Fuel Cost –Variable Operating & Maintenance Cost).
As a result of the February storm, the DEC projected expenditures have been increased by $29.1 million. Fuel
expenses account for $28.8 million of this increase.
Note: All dollar figures presented are in millions of dollars.
Description
Engine
Runtime
(hours)*
Hot
Starts
Warm
Starts
Cold
Starts Stops Description
Nitrogen
Oxides
(NOx)
Carbon
Monoxide
(CO)
Volatile
Organic
Compound
(VOC)
Particulate
Matter<10
microns
(PM10)
Particulate
Matter<2.5
microns
(PM2.5)
Sulphur
Dioxide
(SO2)
Ammonia
(NH3)
Carbon
Dioxide
Equivalents
(CO2e)
DEC Monthly Emissions Total (tons)1.55 1.61 1.37 1.41 1.41 0.02 0.37 15,388.00
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 5.22%1.72%2.85%2.02%2.02%1.61%0.60%
Annual to Date Plant Emissions per DEC Permit Limit 10.60%3.40%5.50%3.20%3.20%2.70%0.80%
* Over the past 12 months, the DEC engines ran 16% of the time. During the month of February, the DEC engines ran 31% of the time.
**Operations Annual Limit accounts for Balance of Plant standard emissions
Emissions
February 2021
Engines (1-12)2,477 225 60 97 382
Month Revenue MWh $/MWh
Oct-20 $2,739,241 31,581 $86.74
Nov-20 $1,037,719 14,117 $73.51
Dec-20 $457,097 7,225 $63.27
Jan-21 $565,793 8,622 $65.62
Feb-21 $118,076,297 32,026 $3,686.89
Total FY 2020-21 $122,876,146 93,571 $1,313.19
Generation & Gross Revenues
FY 2019-20 FY 2020-21 FY 2020-21 FY 2020-21
ACTUALS*BUDGET YTD PROJECTION
DEC REVENUE 4.24$ 24.55$ 122.88$ 137.16$
EXPENDITURE SUMMARY
Energy Expense - Fuel 1.14$ 10.35$ 24.10$ 39.16$
Personnel Services 0.73 1.79 0.74 1.79
Materials & Supplies 0.13 1.72 0.03 1.72
Maintenance & Repair 0.01 0.56 0.03 0.56
Insurance 0.01 1.11 0.01 1.11
Operations 0.09 0.33 0.43 0.66
Debt Service - Principal 3.08 7.85 3.24 7.85
Debt Service - Interest 4.12 9.43 3.96 9.43
Interfund Transfers 0.02 0.24 0.10 0.24
Transfer to Capital Projects - 0.02 - 0.02
DEC EXPENDITURES 9.33$ 33.40$ 32.64$ 62.54$
DEC NET INCOME (5.09)$ (8.85)$ 90.24$ 74.62$
*Represents same period (5 months) as FY 2020-21 YTD for comparison purposes. Total Net
Income for FY 2019-20 was ($11.98 million).