Lower Colorado River Authority Investor Relations

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Lower Colorado River Authority Investor Relations

Issuer Type: Power/Gas

Revenue

Moody's
A2
S&P
A
Fitch
AA-

Welcome to Our Investor Relations Site

Jim Travis

Thank you for your interest in LCRA. Investments in our bond program help build and maintain critical public infrastructure that provides safe and reliable power, water and community services to communities throughout Texas. We are committed to maintaining strong bond ratings and being as transparent as possible with the investor community and public at large.

We hope you find this website useful as you seek to better understand LCRA’s credit fundamentals. Please do not hesitate to contact our office with questions or feedback.

Jim Travis, Chief Financial Officer

News & Highlights

July 13, 2021

News
LCRA awards $17,087 grant to Senna Hills MUD to aid in water conservation

WEST TRAVIS COUNTY, Texas – The Lower Colorado River Authority has awarded a $17,087 grant to the Senna Hills Municipal Utility District to help upgrade more than 420 smart meters so customers can monitor their real-time water use through an online portal or an app.

The Firm Water Conservation Cost-Share Program grant also will help the district, which is contributing matching funds of $103,078, purchase new software and install two new master smart meters to help reduce water loss within the district’s distribution system.

The district’s upgrades are expected to save 14.7 acre-feet of water – about 4.8 million gallons – annually over the next 10 years. Senna Hills MUD serves about 420 customers in western Travis County.

Chet Palesko, president of the Senna Hills MUD board of directors, said the district began considering the project about two years ago. At that time, financial constraints led the district to purchase smart meters but pass on the software needed to fully implement them.

“This year, we wanted to fully implement the smart meter project, but we needed to replace an effluent pond liner, and that’s a million-dollar project,” Palesko said. “Once this cost-share grant came along, it allowed us to do both projects. We thought, ‘Let’s start saving water now.’”

With the district’s existing meters, the delay between when a leak starts and when the district becomes aware of it can be six to eight weeks.

“As part of this project, the expected time between the start of a leak and when the district detects it will drop to two weeks as a result of weekly smart-meter monitoring and analytics,” he said.

The addition of smart master meters to monitor the district’s larger-scale infrastructure is expected to reduce water loss by about 20%.

“We will know how much water is flowing into the district, and we’ll know how much water is flowing out of the residence meters,” Palesko said. “Then it’s a simple math problem. Any difference will be a leak.”

John Hofmann, LCRA executive vice president of Water, said LCRA is proud to support water conservation efforts.

“The upgraded smart water meters will help Senna Hills MUD and its customers cut down on water waste and save money,” Hofmann said. “It’s a win-win. We’re especially happy to see relatively small districts like the Senna Hills MUD take advantage of our cost-share grants. You don’t have to be a large utility to make an impact with water conservation programs.”

The grant is awarded through LCRA’s Firm Water Conservation Cost-Share Program, which provides funding for water efficiency projects and programs established by LCRA’s firm water customers, including cities, utilities, industries and irrigation and recreational water users. Eligible projects must help reduce or maximize the efficient use of surface water, including water loss reduction efforts, equipment efficiency upgrades and conversion of irrigated areas from raw or potable water use to recycled water.

About LCRA
The Lower Colorado River Authority serves customers and communities throughout Texas by managing the lower Colorado River; generating and transmitting electric power; providing a clean, reliable water supply; and offering outdoor adventures at more than 40 parks along the Colorado River from the Texas Hill Country to the Gulf Coast. LCRA and its employees are committed to fulfilling our mission to enhance the quality of life of the Texans we serve through water stewardship, energy and community service. LCRA was created by the Texas Legislature in 1934 and receives no state appropriations. For more information, visit lcra.org.

Media Contact
Clara Tuma
512-578-3292
clara.tuma@lcra.org

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June 24, 2021

News
LCRA offering grants of up to $50,000 for community projects

AUSTIN, Texas – The Lower Colorado River Authority is offering grants of up to $50,000 for community projects throughout LCRA’s wholesale power, water and transmission service territory.

Applications for this round of Community Development Partnership Program grants will be available online beginning July 1 and must be submitted by midnight on July 31. Most grants are for $25,000 or less, but several grants of up to $50,000 are awarded each cycle.

Eligible organizations include volunteer fire departments, emergency responders, local governments, schools, libraries, civic groups, museums and other nonprofit organizations. The grants are not available to individuals, for-profit entities, professional associations, social service projects or limited-use facilities.

Applicants requesting more than $5,000 in grant funding must supply matching funds of at least 20 percent of the total project cost. The projects must benefit or be available to an entire community and must improve the value of a capital asset by building, renovating or purchasing equipment.

Organizations in all or part of the following counties are eligible for CDPP grants: Aransas, Austin, Bandera, Bastrop, Blanco, Brown, Burleson, Burnet, Caldwell, Callahan, Cameron, Coke, Coleman, Colorado, Comal, Concho, Coryell, Crane, Crockett, Culberson, DeWitt, Dimmit, Eastland, Ector, Edwards, Fayette, Gillespie, Goliad, Gonzales, Guadalupe, Hamilton, Harris, Hays, Hidalgo, Karnes, Kendall, Kerr, Kimble, Kinney, Lampasas, Lavaca, Lee, Llano, Mason, Matagorda, Maverick, McCulloch, Medina, Menard, Midland, Mills, Nolan, Nueces, Pecos, Real, San Patricio, San Saba, Schleicher, Starr, Sterling, Sutton, Taylor, Terrell, Tom Green, Travis, Upton, Uvalde, Val Verde, Waller, Washington, Wharton, Williamson and Zavala.

Grant applications and details about eligibility requirements are available at www.lcra.org/cdpp. For questions, email grants@lcra.org or call 800-776-5272, ext. 3140 or ext. 1627.

About LCRA
The Lower Colorado River Authority serves customers and communities throughout Texas by managing the lower Colorado River; generating and transmitting electric power; providing a clean, reliable water supply; and offering outdoor adventures at more than 40 parks along the Colorado River from the Texas Hill Country to the Gulf Coast. LCRA and its employees are committed to fulfilling our mission to enhance the quality of life of the Texans we serve through water stewardship, energy and community service. LCRA was created by the Texas Legislature in 1934 and receives no state appropriations. For more information, visit lcra.org.

Media contacts:
LCRA: Clara Tuma 512-578-3292
clara.tuma@lcra.org

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