2005 2012 2018 898 ODEC is a not-for-profit wholesale generation and transmission electric coop- erative. We are owned exclusively by 11 not-for-profit retail distribution electric cooperatives who serve 1.4 million people in Virginia, Maryland, and Delaware. We are dedicated to providing safe, affordable, reliable, and sustainable power. As a not-for-profit utility owned by 11 other electric cooperatives, we have no interest other than what is in the best interest of the communities they serve. Safe, Affordable, Reliable & Sustainable Power About ODEC 2018 Resources 2005 Resources 2022 Projected Resources 36% Purchases 33% Natural Gas 14% Nuclear 11% Coal 6% Renewable PPAs * 57% Purchases 25% Coal 14% Nuclear 4.4% Natural Gas 42% Purchases 31% Natural Gas 15% Nuclear 8% Renewable PPAs * 4% Coal Old Dominion Electric Cooperative 4201 Dominion Boulevard, Glen Allen, Virginia 23060 www.odec.com 804-747-0592 * ODEC is developing 100 MW of solar expected to come on line in 2022. We sell renewable energy credits related to these purchases to our Members and non-members. 1400 1300 1200 1100 1000 900 800 700 600 500 CO2 Emission Rate Reduction 1329 32% 1102 Pounds of CO2/MWh
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2005 2012 2018
898
ODEC is a not-for-profit wholesale generation and transmission electric coop-erative. We are owned exclusively by 11 not-for-profit retail distribution electric cooperatives who serve 1.4 million people in Virginia, Maryland, and Delaware.
We are dedicated to providing safe, affordable, reliable, and sustainable power. As a not-for-profit utility owned by 11 other electric cooperatives, we have no interest other than what is in the best interest of the communities they serve.
Old Dominion Electric Cooperative4201 Dominion Boulevard, Glen Allen, Virginia 23060 www.odec.com804-747-0592
* ODEC is developing 100 MW of solar expected to come on line in 2022. We sell renewable energy credits related to these purchases to our Members and non-members.
14001300120011001000
900800700600500
CO2 Emission Rate Reduction
1329
32%1102
Pounds of CO2/MWh
Consumer & Community FocusedODEC Demand Response and Energy Efficiency ProgramsODEC works with our members to offer retail consumer-owners a variety of energy efficiency and demand response programs, including:
• A/C switches
• Smart thermostats
• Weatherization assistance program
• Agriculture energy efficiency workshops
About ODEC (continued)
Old Dominion Electric Cooperative4201 Dominion Boulevard, Glen Allen, Virginia 23060 www.odec.com804-747-0592
Financially StrongOur Business
• Not-for-profit power supply cooperative
• Provide power to 11 distribution cooperatives (Members) in VA, DE, and MD
• PJM RTO member
• FERC-regulated
• SEC registrant
Our 2018 Results• Peak demand = 3,348 MW
• Energy sales = 13,511 GWh
• Revenues = $932.6 million
• Total assets = $2.1 billion
• Equity ratio = 26.3%
Forward-ThinkingShift from reliance on purchased power to owned generation
• 57% of energy currently supplied by owned generation vs 37% in 2017
Strategic Electrification• ODEC is evaluating a number of options to help
strategically electrify segments of the economy that currently rely on fossil fuels. For example, we can reduce emissions from the transportation sector by using electricity rather than oil to power our cars.
• ODEC is also evaluating new and emerging technologies like battery storage to help transition to the new energy economy.
Solar LeaderODEC has contracted to purchase the output from a 75 MW utility-scale solar facility to be developed in Virginia.
• Project name – Cabin Point
• Land acquired by ODEC in 2010 for potential development of a coal generation facility
• Facility anticipated to be in-service in 2022
ODEC has entered a partnership to develop distributed solar projects in our Members’ service territories
• 10 to 15 distributed solar projects totaling at least 30 MW
• All projects to be completed by year-end 2021
The Chevy Bolt is just one example of an electric vehicle currently on the market.
