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Selected Financial Highlights

Total Revenues
(dollars in millions)

Bar chart showing MEAG's yearly total revenues from 2016 through 2020

Total revenues decreased $9.2 million during 2020, due mainly to a decrease of $44.9 million in contract energy sales. Participant billings for operating expenses were lower related to a 4% decrease in total energy delivered, due in part to milder weather and COVID-19 reductions. These factors were partially offset by certain timing differences and PPA debt service billings.

Total Assets and Deferred Outflows of Resources
(dollars in billions)

Bar chart showing MEAG's yearly total assets and deferred outflows of resources from 2016 through 2020

During 2020, total assets and deferred outflows of resources increased $444.8 million, due primarily to proceeds from DOE Guaranteed Loan advances and bond issuances, as well as additional capital investment in Vogtle Units 3&4.

Total Debt Outstanding
(dollars in billions)

Bar chart showing MEAG's yearly total debt outstanding from 2016 through 2020

During 2020, total debt outstanding increased $206.8 million, due mainly to DOE Guaranteed Loan advances, bond issuances and advances from credit facilities totaling $891.2 million, which were partially offset by principal payments and refundings.

Peak Demand
(MW)

Bar chart showing MEAG's yearly peak demand from 2016 through 2020

In 2020, peak demand decreased 5% due to milder weather and COVID-19 reductions.

Annual Weighted Average Interest Cost
(percent)

Bar chart showing MEAG's annual weighted average interest cost from 2016 through 2020

In 2020, the weighted average interest rate of MEAG Power’s debt was 4.10%, compared with 4.24% for 2019. The decrease was due to a significant decline in variable interest rates.

Cost to Participants
(cents/kWh)

Bar chart showing MEAG's yearly cost to participants from 2016 through 2020

Total cents per kWh was 6.88 in 2020, compared with 6.85 in 2019. The increase was primarily due to a 4% decrease in total energy delivered, which was partially offset by lower Participant billings for fuel.

Total Revenues
(dollars in millions)

Total Assets and Deferred Outflows of Resources
(dollars in billions)

Total Debt Outstanding
(dollars in billions)

Peak Demand
(MW)

Annual Weighted Average Interest Cost
(percent)

Cost to Participants
(cents/kWh)