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Roseville Electric presents $20 million negative cash flow in FY26 tied to RPP‑2 repower project
Summary
Roseville Electric officials told the City Council the FY26 budget shows a planned $20 million negative cash flow driven by capital spending on the Roseville Power Plant Unit 2 repower. Staff said they expect to seek debt reimbursement during the year and projected about $228–230 million in revenue for FY26, reflecting recent rate increases.
Roseville Electric officials told the City Council on April 16 that the proposed fiscal year 2026 budget will show a planned $20,000,000 net negative cash flow largely because the utility will front capital spending on a repower of Roseville Power Plant Unit 2 (RPP‑2).
City Electric CEO and Director Dan Bean said the city will use existing cash on hand in FY26 to advance the project and is considering a debt issuance during the year to reimburse those funds. “The FY 26 budget reflects a net negative cash flow of $20,000,000. This is largely driven by a major capital investment, specifically the recent approved project to repower Roseville Power Plant Number 2,” Bean said.
The utility…
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