Participation Group of 45 Credit Scoring 2015 Participation Group of 45

Operating Ratio Operating Expense/Operating Revenue Percentage Note: Lower ratio healthier. Less revenue used to cover expenses.

Operating Ratio - 2015 Operating Expense/Operating Revenue Percentage Note: Lower ratio healthier. Less revenue used to cover expenses.

Net Income per Revenue Net Operating Income/Operating Revenue Percentage Note: Higher ratio healthier. Difference between expenses and revenue is net operating income. Higher net operating income more excess funds.

Net Income per Revenue - 2015 Net Operating Income/Operating Revenue Percentage Note: Higher ratio healthier. Difference between expenses and revenue is net operating income. Higher net operating income more excess funds.

Operating Expense per kWh Sold Operating Expenses/kWh Sold Percentage Note: Lower ratio healthier. Cost per kWh.

Operating Expense per kWh Sold - 2015 Operating Expenses/kWh Sold Percentage Note: Lower ratio healthier. Cost per kWh.

Debt per Customer Debt Outstanding/Customers Dollars Note: Lower ratio healthier. Debt amount each customer must pay.

Debt per Customer - 2015 Debt Outstanding/Customers Dollars Note: Lower ratio healthier. Debt amount each customer must pay.

Months of O&M in Unrestricted Cash Unrestricted Cash/Average Monthly Operating Expenses Note: Higher ratio healthier. Amount of cash available to cover expenses.

Months of O&M in Unrestricted Cash - 2015 Unrestricted Cash/Average Monthly Operating Expenses Note: Higher ratio healthier. Amount of cash available to cover expenses.

Months of O&M in Unrestricted Cash Unrestricted Cash/Average Monthly Operating Expenses Note: Higher ratio healthier. Amount of cash available to cover expenses.

Population Trend Change from 2000 to 2010 Percentage