Old Dominion Electric Cooperative
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Calendar
16 Mar 21
13 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.29M | 9.29M | 9.29M | 9.29M | 9.29M | 9.29M |
Cash burn (monthly) | 20.36M | 1.53M | (positive/no burn) | (positive/no burn) | 2.94M | (positive/no burn) |
Cash used (since last report) | 70.38M | 5.3M | n/a | n/a | 10.15M | n/a |
Cash remaining | -61.09M | 3.98M | n/a | n/a | -860.47K | n/a |
Runway (months of cash) | -3.0 | 2.6 | n/a | n/a | -0.3 | n/a |
Financial report summary
?Risks
- Our financial condition is largely dependent upon our member distribution cooperatives.
- We rely on purchases of fuel and energy from other suppliers which exposes us to market price risk and could increase our operating costs.
- The use of hedging instruments could impact our liquidity.
- Adverse changes in our credit ratings may require us to provide credit support for some of our obligations and could negatively impact our liquidity and our ability to access capital.
- Poor market performance will affect the asset values in our nuclear decommissioning trust and our defined benefit retirement plans, which may increase our costs.
- Our generating assets may be impacted by regulatory changes in PJM.
- Environmental regulation may limit our operations or increase our costs or both.
- Failure to comply with regulatory reliability standards, and other regulatory requirements could subject us to substantial monetary penalties.
- Potential changes in accounting practices may adversely affect our financial results.
- Technological advancements and other changes impacting power requirements of our member distribution cooperatives’ customers may alter energy and demand requirements for power from us.
- War, acts and threats of terrorism, sabotage, natural disasters, pandemics, and other catastrophic events could adversely affect our operations.
- Our business and operations, and the operations of our member distribution cooperatives and suppliers, have been and will be impacted by the COVID-19 pandemic and could be similarly impacted by like events in the future.
Management Discussion
- ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
- Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements regarding matters that could have an impact on our business, financial condition, and future operations. These statements, based on our expectations and estimates, are not guarantees of future performance and are subject to risks, uncertainties, and other factors. These risks, uncertainties, and other factors include, but are not limited to, general business conditions, demand for energy, federal and state legislative and regulatory actions and legal and administrative proceedings, the impact of the COVID-19 pandemic on our business, financial condition, and future operations, changes in and compliance with environmental laws and regulations, general credit and capital market conditions, weather conditions, the cost of commodities used in our industry, and unanticipated changes in operating expenses and capital expenditures. Our actual results may vary materially from those discussed in the forward-looking statements as a result of these and other factors. Any forward-looking statement speaks only as of the date on which the statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which the statement is made even if new information becomes available or other events occur in the future.
- We are a not-for-profit power supply cooperative owned entirely by our eleven Class A member distribution cooperatives and a Class B member, TEC. We supply our member distribution cooperatives’ energy and demand requirements through a portfolio of resources including generating facilities, long-term and short-term physically-delivered forward power purchase contracts, and spot market energy purchases. We also supply the transmission services necessary to deliver this power to our member distribution cooperatives.
Content analysis
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Legalese | ||
Litigous | ||
Readability |
8th grade Good
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New words:
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Removed:
achievable, alleged, ash, attainment, blowing, bottom, cap, capped, classification, coke, consideration, demonstrated, designation, desulfurization, Deterioration, developing, discharged, dust, economically, effluent, emitting, engineer, EPACT, excluded, Farmer, finalized, flue, fly, formation, gasification, governing, governor, granting, inconsistent, intention, Kent, land, notify, ordered, organic, petroleum, postponing, pretreatment, proceeding, qualifying, Qualitative, Quantitative, RCRA, reallocation, recordkeeping, Register, rehearing, reissued, reliance, relied, restrictive, revising, SIP, stationary, sulfur, Tailoring, telephone, thermal, toxic, traded, transport, uncertainty, unreimbursed, VDEQ, White, withdrawal
Financial reports
10-K
2020 FY
Annual report
16 Mar 21
10-Q
2020 Q3
Quarterly report
10 Nov 20
10-Q
2020 Q2
Quarterly report
11 Aug 20
10-Q
2020 Q1
Quarterly report
13 May 20
10-K
2019 FY
Annual report
11 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
6 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
Current reports
8-K
Departure of Directors or Certain Officers
15 Sep 20
8-K
Departure of Directors or Certain Officers
30 Jul 20
8-K
Departure of Directors or Certain Officers
9 Apr 20
8-K
Entry into a Material Definitive Agreement
23 Dec 19
8-K
Departure of Directors or Certain Officers
13 Jun 19
8-K
Departure of Directors or Certain Officers
19 Dec 18
8-K
Entry into a Material Definitive Agreement
31 Jul 18
8-K
Entry into a Material Definitive Agreement
3 Jul 18
8-K
Entry into a Material Definitive Agreement
19 Jun 18
8-K
Departure of Directors or Certain Officers
19 Mar 18
Registration and prospectus
424B5
Prospectus supplement for primary offering
23 Jul 03
424B5
Prospectus supplement for primary offering
14 Jul 03
424B1
Prospectus with pricing info
12 Dec 02
S-3/A
Shelf registration (amended)
10 Dec 02
S-3/A
Shelf registration (amended)
5 Dec 02
S-3/A
Shelf registration (amended)
24 Nov 02
S-3
Shelf registration
15 Oct 02
424B4
Prospectus supplement with pricing info
25 Sep 01
S-1/A
IPO registration (amended)
9 Sep 01
S-1
IPO registration
20 Aug 01
Proxies
No filings
Other
UPLOAD
Letter from SEC
15 Jul 08
CORRESP
Correspondence with SEC
6 Jul 08
CORRESP
Correspondence with SEC
23 Jun 08
UPLOAD
Letter from SEC
9 Jun 08
UPLOAD
Letter from SEC
10 Jul 05
CORRESP
Correspondence with SEC
23 Jun 05
UPLOAD
Letter from SEC
12 Jun 05
CORRESP
Correspondence with SEC
19 May 05
UPLOAD
Letter from SEC
10 Apr 05
NO ACT
No action letter
28 Oct 04