The board received March financial statements and an updated packet of IPL statistical charts showing usage and revenue trends.

Nancy Cooper, assistant director of finance, said March marks the ninth month of the fiscal year (75% complete) and staff added a prior-year comparison column to the packet so board members can see current-year performance against the prior year. Cooper said she did not see anomalies for the three utilities and offered to provide any additional report formats the board wants.

Separately, IPL’s statistical presentation showed residential kilowatt-hour sales for February and March 2025 were noticeably higher than in prior years; staff said colder weather and increased electrical usage explain higher bills for many residents. The packet included breakouts for residential, commercial and industrial sales and cumulative build-revenue charts; staff noted reclassifications after a recent rate-structure change shifted some customers between commercial categories, which affected month-to-month revenue comparisons.

Minutes and procedural items
The board also approved the minutes from the April 17, 2025 meeting by roll-call vote. Staff said the graphs will be refined (for example, assuring charts begin in July to show full fiscal-year trends) and welcome requests for additional footnotes when storms or anomalies affect data.

Next steps
Finance said it will continue refining chart displays, add requested footnotes and provide any further summaries the board requests to explain billing variances to the public.