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LCRA posts $39 million better‑than‑budget net margin for FY2025, debt coverage improves
Summary
CFO Jim Travis told the board consolidated LCRA finished FY2025 about $39 million better than budget (≈6%), with debt service coverage of 1.55x; drivers included roughly $20M from wholesale power and $20M from transmission, while capital spending ran at about 88% of the board‑approved budget.
Jim Travis, LCRA chief financial officer, reviewed fiscal year 2025 financial results at the Aug. 20 board meeting, reporting consolidated net margin approximately $39 million better than budget (about 6%) and a debt‑service coverage ratio of 1.55, above the business‑plan target of 1.44.
Travis attributed about $20 million of the favorable net margin to wholesale…
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