Annual Independent Audit Highlights Orange County Local Clean Energy Provider’s Continued Financial Strength and Fiscal Stability

Orange County Power Authority demonstrates an increased net position while protecting customers from rate volatility through FY2024/25

IRVINE, Calif. (November 14, 2025) – Orange County Power Authority (OCPA) – a local, not-for-profit community clean energy provider – reports financial highlights for the fiscal year ending June 30, 2025. An independent audit has recognized OCPA’s “continued financial strength and stability,” reaffirming its position to effectively prioritize its customers while navigating the complex and ever-changing clean energy landscape.

The audit was conducted by Sorren (formerly Pisenti and Brinker, LLP) in accordance with Generally Accepted Auditing Standards (GAAS). Sorren issued a clean audit opinion, confirming OCPA’s financial stability and reporting accuracy. This report follows suit with OCPA’s four previous clean audit results.

Commissioned on October 1, 2025, the audit results identified that OCPA’s FY2024/25 net position increased in line with expectations set. At year-end, the organization maintained additional liquidity, demonstrating its ability to balance customer affordability with prudent financial management while sustaining long-term fiscal health.

Since its launch in 2022, OCPA has continued to exceed the state’s mandatory energy requirements for renewable energy purchases, while remaining steadfast in its mission to offer renewable energy at competitive rates. The not-for-profit community clean energy strives to help member cities meet their climate action goals, while giving everyone the opportunity to participate in the renewable energy transition.

About Orange County Power Authority

The Orange County Power Authority is a not-for-profit public agency that offers clean power at stable rates, significantly reducing energy-related greenhouse emissions and enabling reinvestment in local energy programs. To learn more, visit www.ocpower.org.