Board Meeting held on September 12, 2024, in Denver
Report highlights MPE's strong financial standing
Mountain Parks well positioned to take on financial impacts of power supply transition
Mountain Parks Electric’s (MPE) financial performance is strong comparative to co-ops’ medians across the U.S. and the state, according to the recent Key Ratio Trend Analysis (KRTA).
The KRTA is a tool developed by National Rural Utilities Cooperative Finance Corporation (CFC) and used by electric co-ops to compare financial and performance ratios historically and with other co-ops nationwide. MPE’s CFO/Manager of Finance Emily Meek provided an executive summary overview for the Board at the September meeting.
Along with the strong performance indicators highlighted in the recent KRTA, which used MPE’s and other co-ops’ Form 7 data from 2023, Meek told the Board that 2024 is tracking to historical performance for MPE. She also let the Board know that for the first two years of the power supply transition starting in 2025, the Board should anticipate significant declines in the financial ratios. These anticipated declines are related to the contract termination payment and reduction of Tri-State capital credits from MPE’s total equity calculation. While MPE expected these declines, the focus is on longer-term benefits to our membership.
Some highlights from the KRTA report include:
- Total members served shows a 5-year trajectory of consistent growth.
- Total utility plant also shows consistent growth; “It is good to see that we are investing in our plant,” said Meek.
- MPE’s standing in the main ratios associated with financial health shows that our co-op is financially strong and outperforming many of our peers.
Read the complete September 2024 Board Meeting Bulletin...
Archive of Board Meeting Bulletins
September 12, 2024 Board Meeting Bulletin
August 8, 2024 Board Meeting Bulletin
July 11, 2024 Board Meeting Bulletin
June 13, 2024 Board Meeting Bulletin
May 9, 2024 Board Meeting Bulletin
April 11, 2024 Board Meeting Bulletin
March 14, 2024 Board Meeting Bulletin
Feb. 8, 2024 Board Meeting Bulletin
Jan. 11, 2024 Board Meeting Bulletin
Dec. 14, 2023 Board Meeting Bulletin
Nov. 9, 2023 Board Meeting Bulletin
Oct. 12, 2023 Board Meeting Bulletin