Old Dominion Electric Cooperative (ODEC)

Old Dominion Electric Cooperative (ODEC) is a not-for-profit generation and transmission cooperative that has been providing reliable, cost-effective, environmentally balanced, wholesale electric services to its 11 member distribution cooperatives in Delaware, Maryland, and Virginia since it was incorporated in 1948. ODEC owns and operates a combination of baseload and peaking power plants, using coal, natural gas, and nuclear as primary fuels, and also utilizes purchased power portfolio which includes renewable resource technologies. The company serves a population of approximately 1.2 million through its members, who provide retail electric service to their member-owners, totaling more than 550,000 meters served. ODEC is committed to being both reliable energy providers and responsible environmental stewards, striving to reduce its environmental footprint and support the community. This not-for-profit member-owned cooperative demonstrates a dedication to its core principles and has a strict governance structure ensuring the rights and obligations of its members are clearly defined by law and established in the corporate bylaws. ODEC's corporate headquarters is situated in Glen Allen, Virginia. The last investment in ODEC was a $25.00K Debt Financing investment on 26th March 2012. Despite the lack of information about specific investors for this particular investment, ODEC's status as a long-standing provider of essential electric services to a wide-ranging consumer base in the energy industry makes it an interesting prospect for potential investors and a crucial player in the regional energy market. With its commitment to both reliability and environmental responsibility, ODEC's future potential for growth and impact within the energy sector is a promising aspect for potential investment opportunities.