Old Dominion Electric Cooperative

OverviewSuggest Edit

Old Dominion Electric Cooperative provides electric services, consisting of power supply, transmission services, and distribution services (including metering and billing services) to residential, commercial, and industrial customers.

TypePrivate
Founded1948
HQGlen Allen, US
Websiteodec.com
Employee Ratings4.5

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2019)140(+3%)
Revenue (FY, 2018)$932.6 M(+24%)

Old Dominion Electric Cooperative Office Locations

Old Dominion Electric Cooperative has an office in Glen Allen
Glen Allen, US (HQ)
4201 Dominion Blvd
Show all (1)

Old Dominion Electric Cooperative Financials and Metrics

Summary Metrics

Founding Date

1948

Old Dominion Electric Cooperative Revenue

Old Dominion Electric Cooperative's revenue was reported to be $932.57 m in FY, 2018
USD

Revenue (FY, 2018)

932.6m

Cash (31-Dec-2018)

8.6m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

842.1m1.0b877.9m753.1m932.6m

Revenue growth, %

(14%)

General and administrative expense

42.4m37.4m41.5m42.2m45.2m

Operating expense total

789.5m971.1m832.7m713.1m869.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

265.1m217.3m233.9m292.3m249.3m254.3m256.5m199.1m222.8m189.8m156.9m228.0m226.7m

General and administrative expense

11.4m11.1m9.0m10.5m10.0m9.7m10.6m10.2m10.8m11.1m11.3m11.6m11.7m

Operating expense total

252.9m204.2m220.9m10.5m235.1m9.7m244.2m189.3m213.8m11.1m157.7m218.3m210.2m

Depreciation and amortization

10.5m10.5m10.5m11.5m11.5m11.6m11.7m11.3m11.7m17.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

51.7m1.4m58.4m2.9m4.1m8.6m

Accounts Receivable

12.7m8.7m11.0m6.6m10.4m9.3m

Inventories

256.0m254.6m270.3m297.5m182.0m

Current Assets

210.5m182.4m222.3m155.7m159.3m201.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

1.9m13.9m35.9m114.5m161.1m174.3m26.2m1.9m564.0k620.0k1.1m747.0k1.4m

Accounts Receivable

10.6m7.9m6.3m9.4m7.3m6.3m14.8m4.8m14.9m7.6m11.0m11.3m11.4m

Inventories

261.5m247.8m246.9m386.9m286.6m248.8m257.7m261.6m267.2m278.7m282.9m285.8m256.2m

Current Assets

213.6m213.1m224.4m328.0m353.9m357.3m176.7m149.2m154.8m136.2m154.8m178.9m275.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Depreciation and Amortization

42.3m42.0m45.2m45.7m45.4m62.5m

Cash From Operating Activities

20.1m16.8m219.3m88.5m56.5m58.2m

Cash From Investing Activities

(8.4m)(124.8m)(378.3m)(267.6m)(166.1m)153.8m

Long-term Borrowings

(28.3m)(28.3m)(28.3m)(40.8m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Depreciation and Amortization

10.5m21.0m31.5m10.7m22.2m11.5m11.5m23.2m34.9m11.3m22.7m11.7m28.8m

Accounts Payable

60.4m96.2m124.7m156.5m142.9m104.8m131.6m115.7m109.3m

Cash From Operating Activities

(29.9m)(48.9m)27.8m61.4m43.9m26.2m81.1m4.6m6.3m7.3m

Cash From Investing Activities

(19.8m)(45.8m)(78.6m)(145.9m)(76.0m)(149.3m)(219.2m)(94.0m)(22.3m)(4.9m)
USDY, 2018

Revenue/Employee

6.9m
Show all financial metrics

Old Dominion Electric Cooperative Online and Social Media Presence

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Old Dominion Electric Cooperative Blogs

ODEC Names Johnson Senior Vice President

Glen Allen, VA — Old Dominion Electric Cooperative (ODEC) has named Kirk Johnson senior vice president for member engagement effective February 25, 2019.  To read the news release, click here:... The post ODEC Names Johnson Senior Vice President appeared first on Old Dominion Electric Cooperative (O…

Hear from ODEC CEO Marcus Harris

Hear from Marcus Harris, president & CEO speaking about ODEC— from our newest generation facility to how we serve our member-owners.   The post Hear from ODEC CEO Marcus Harris appeared first on Old Dominion Electric Cooperative (ODEC).

ODEC Member Owners Receive Approval for Community Solar Pilot Programs

Four of ODEC’s member-owners—A&N, Mecklenburg, Northern Neck and Rappahannock Electric Cooperative have received approval from the State Corporation Commission (SCC) to implement community solar pilot programs.   Read more here: 15Aug18ODEC Community Solar Pilot Programs The post ODEC Member Own…

Old Dominion Electric Cooperative Frequently Asked Questions

  • When was Old Dominion Electric Cooperative founded?

    Old Dominion Electric Cooperative was founded in 1948.

  • How many employees does Old Dominion Electric Cooperative have?

    Old Dominion Electric Cooperative has 140 employees.

  • What is Old Dominion Electric Cooperative revenue?

    Latest Old Dominion Electric Cooperative annual revenue is $932.6 m.

  • What is Old Dominion Electric Cooperative revenue per employee?

    Latest Old Dominion Electric Cooperative revenue per employee is $6.7 m.

  • Who are Old Dominion Electric Cooperative competitors?

    Competitors of Old Dominion Electric Cooperative include Evident Thermoelectrics, China Southern Power Grid and Terna.

  • Where is Old Dominion Electric Cooperative headquarters?

    Old Dominion Electric Cooperative headquarters is located at 4201 Dominion Blvd, Glen Allen.

  • Where are Old Dominion Electric Cooperative offices?

    Old Dominion Electric Cooperative has an office in Glen Allen.

  • How many offices does Old Dominion Electric Cooperative have?

    Old Dominion Electric Cooperative has 1 office.