Total revenues decreased $32.4 million during 2019 due mainly to fair value changes impacting deferred inflows, which were partially offset by higher Participant billings for fuel, a change in Competitive Trust Funding and an increase in contract energy sales.
Total Assets and Deferred Outflows of Resources (dollars in billions)
Total assets and deferred outflows of resources increased $2.1 billion during 2019 due primarily to proceeds from bond iassuances and DOE Guaranteed Loan advances, as well as additional capital investment in Vogtle Units 3&4.
Total Debt Outstanding (dollars in billions)
During 2019, total debt outstanding increased $1.8 billion due mainly to bond issuances and DOE Guaranteed Loan advances totaling $2.1 billion, which were partially offset by principal payments and refundings.
Peak Demand (MW)
In 2019, peak demand increased 6% due to warmer summer weather compared with 2018.
Annual Weighted Average Interest Cost (percent)
The weighted average interest rate of MEAG Power’s debt for 2019 was 4.24%, which is comparable with 4.22% for 2018.
Cost to Participants (cents/kWh)
Total cents per kWh was 6.85 in 2019 compared with 6.76 in 2018. The increase was primarily due to changes in Competitive Trust Funding and higher Participant billings for fuel, partially offset by a decrease in SEPA costs.
