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

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2019)140(+3%)
Revenue (FY, 2019)$932.7 M
Cybersecurity ratingAMore

Key People/Management at Old Dominion Electric Cooperative

Michael J. Keyser

Michael J. Keyser

Board Member
Steven A. Harmon

Steven A. Harmon

Board Member
J. William Andrew

J. William Andrew

Board Member
Casey Logan

Casey Logan

Board Member
Marcus Harris

Marcus Harris

President & CEO
D. Richard Beam

D. Richard Beam

Senior Vice President of Power Supply & Chief Operating Officer
Show more

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
Show all financial metrics

Old Dominion Electric Cooperative Revenue

Old Dominion Electric Cooperative's revenue was reported to be $932.68 m in FY, 2019
USD

Revenue (Q2, 2020)

189.6m

Net income (Q2, 2020)

3.1m

EBIT (Q2, 2020)

17.7m

Cash (30-Jun-2020)

42.9m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

932.6m932.7m

Revenue growth, %

(14%)

General and administrative expense

36.5m36.0m42.4m40.3m37.4m41.5m42.2m45.2m48.9m

Operating expense total

36.5m36.0m42.4m40.3m37.4m41.5m42.2m45.2m48.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

226.7m257.6m240.8m215.0m252.7m208.7m189.6m

General and administrative expense

9.9m9.1m9.1m9.9m9.4m10.8m11.4m11.4m11.1m9.0m10.5m10.0m9.7m10.6m10.2m10.8m11.1m11.3m10.8m11.6m11.7m11.6m12.4m14.7m11.4m11.9m10.3m

Operating expense total

9.9m9.1m9.1m9.9m9.4m10.8m11.4m11.4m11.1m9.0m10.5m10.0m9.7m10.6m10.2m10.8m11.1m11.3m10.8m11.6m11.7m11.6m12.4m14.7m11.4m11.9m10.3m

Depreciation and amortization

17.5m17.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

10.8m9.9m9.8m9.1m11.9m17.7m26.6m13.3m17.0m

Depreciation and Amortization

4.5m4.8m5.1m5.5m5.9m

Cash From Operating Activities

40.1m51.3m20.1m16.8m219.3m88.5m56.5m58.2m18.0m

Purchases of PP&E

(46.1m)(32.4m)(32.1m)(135.9m)(373.5m)(263.8m)(153.9m)(61.6m)(36.3m)
USDQ2, 2011

Debt/Assets

0.5 x
Show all financial metrics

Old Dominion Electric Cooperative Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Old Dominion Electric Cooperative Online and Social Media Presence

Embed Graph

Old Dominion Electric Cooperative Blogs

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…
Show more

Old Dominion Electric Cooperative Frequently Asked Questions

  • When was Old Dominion Electric Cooperative founded?

    Old Dominion Electric Cooperative was founded in 1948.

  • Who are Old Dominion Electric Cooperative key executives?

    Old Dominion Electric Cooperative's key executives are Michael J. Keyser, Steven A. Harmon and J. William Andrew.

  • 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 $932.7 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 Saber Power Services, FirstEnergy and SmartestEnergy.

  • 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.