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LCRA TSC reports stronger-than-expected first half; capital spending may exceed budget
Summary
LCRA Transmission Services Corporation reported a roughly $20 million year-to-date net margin and a forecasted year-end margin near $1.5 million, but finance staff warned capital spending could exceed the approved budget by about $40 million and said a sustained downward trend in coverage could prompt a rate case.
The LCRA Transmission Services Corporation (LCRA TSC) board on Jan. 28 heard a finance update showing the transmission unit has outperformed budget so far in fiscal 2026 but may face pressure from rising capital spending.
Jim Travis, the finance presenter, told directors the transmission unit’s year-to-date net margin is about $20,000,000, roughly 8% above budget, driven in part by higher interest income and lower operating expenses. "Total LCRA TSC year to date net margin is…
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