Financial Dashboard July 2026
Note: Numbers are unaudited and may not sum up due to rounding.
Active Accounts
1,075,338
+3.3% YOY
Monthly
Participation Rate
93.1%
(92.9% Rolling 6-
month average)
YTD Retail Sales
1,131 GWh
1.6% above budget
July Retail Sales
1,131 GWh
1.6% above budget
Liquidity at month end
Cash & cash equiv $347.9M
ST Investments $88.8M
LT investments $224.4M
Available in bank LOC $119.5M
Total liquidity: $780.6M
DLOH 265
In July 2026, energy revenues were 1% higher than budget. The cost of energy was 7% below budget, driven by lower than projected market prices and the non-use of contingencies. Excluding contingencies, energy costs were 3% below budget.
Operating expenses were below budget for customer program incentives and for communications and marketing services. These funds are expected to be spent in future months.
Higher revenues and lower expenses resulted in a greater increase in the net position for July than budgeted.
CPA remains financially sound and in compliance with its bank and other credit covenants.
Res
54%
Com - Lg
18%
Com - Sm
26%
Agr/Oth
2%
% SALES BY
CUSTOMER TYPE
July 2026 Year-to-Date
in $000,000's Actual Budget Var % Actual Budget Var %
Energy Revenues 124.7 123.2 1.4 1% 124.7 123.2 1.4 1%
Cost of Energy 104.5 112.9 -8.4 -7% 104.5 112.9 -8.4 -7% Net Energy Revenue 20.1 10.3 9.8 95% 20.1 10.3 9.8 95%
Operating Expenses 4.9 6.5 -1.5 -23% 4.9 6.5 -1.5 -23%
Operating Income 15.2 3.9 11.3 292% 15.2 3.9 11.3 292%
Non-Operating Income 2.0 1.8 0.2 11% 2.0 1.8 0.2 11%
Change in Net Position 17.2 5.7 11.5 204% 17.2 5.7 11.5 204% Summary of Financial Results
Financial Dashboard Definitions:
Accounts: Active Accounts represents customer accounts of active customers served by CPA Overall Participation Rate %: Participation Rate represents active accounts divided by eligible CPA accounts Rolling 6-mo: Rolling 6 month average of participation rates, compares current month’s participation rate to average of last 6 months participation rates.
YTD Retail Sales: Represents the year-to-date amount of energy (in gigawatt hours) sold to retail customers Revenues: Retail energy sales and other (grant related) revenues less allowance for doubtful accounts Cost of energy: Includes all direct power costs incurred to serve CPA’s load Operating expenses: Includes general, administrative, consulting, staffing, and other costs required to fund operations Operating Income: Represents the difference between revenues and cost of energy and operating expenses Non-Operating Income: Interest income arising from deposits and investments net of borrowing costs and fees Investments: Liquid and high-quality securities with a remaining term to maturity of less than one year (Short Term = ST) and one year or greater (Long Term = LT)
Cash and Cash Equivalents: Includes bank deposits and high quality and liquid securities with maturities of 90 days or less
Bank LOC: Represents funds available to draw from CPA’s bank line of credit DLOH: Days Liquidity on Hand represents total liquidity (cash & cash equivalents, investments, and unused bank LOC) divided by trailing 12 months expenses divided by 365. Per CPA’s Financial Reserve policy CPA’s Reserves shall support a DLOH equal to 150 to 240 days.
Year to date (YTD): Represents the fiscal period beginning July 1, 2025 Year over year (YOY): refers to comparison to the same month from the prior fiscal year.