Old Dominion Electric Cooperative Dashboard

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

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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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Good

New words: accessibility, accuracy, alter, Ambient, appeal, ARO, attestation, Bradley, Bureau, chain, closure, disconnection, disease, distancing, ease, EMC, firing, global, goal, Habersham, Hewa, inflationary, intensity, interbank, magnitude, Obenshain, outbreak, piping, prolonged, pursuit, rapidly, reassessment, reform, relief, remeasurement, remote, Research, resume, revoked, SBVA, similarly, specialist, spread, staffing, stricter, Suzanne, telecommuting, temperature, temporary, tentatively, tenure, traditional, unemployment, unsuccessful, workplace, world

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

From filing 10-K 2020 FY