Tue, May 13, 5:33 PM (62 days ago)
**Old Dominion Electric Cooperative (ODEC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $323.610M (up 19.2% YoY from $271.484M) - **Operating Margin:** $18.982M (up 13.4% YoY from $16.742M) - **Net Margin:** $9.513M (up 197.6% YoY from $3.190M) - **Cash Flow from Operations:** $51.765M (down 29.1% YoY from $73.076M) **Profit Margins:** - **Operating Margin:** 5.9% (up from 6.2% in Q1 2024) - **Net Margin:** 2.9% (up from 1.2% in Q1 2024) **Key Drivers:** - Extreme cold weather in January 2025 increased energy demand and sales. - Increased purchased power and fuel expenses due to higher energy costs and volumes. - Deferred energy expense decreased due to under-collection and rate adjustments. **Trends & Uncertainties:** - **Positive:** Load growth related to data centers boosted market-based rates revenue. - **Negative:** Increased capacity charges from PJM and higher fuel costs impacted expenses. - **Uncertainties:** Weather conditions, regulatory changes, and market price risks for fuel and power. **Future Operations Impact:** - ODEC plans to fund capital expenditures through operations, revolving credit facility, and potential long-term debt issuances. - The nuclear decommissioning trust ($288.8M) offsets future asset retirement obligations. - ODEC expects sufficient liquidity to meet near-term operational and capital requirements. **Ticker:** ODEC is not publicly traded, as it is a membership corporation with no authorized or outstanding equity securities.