Selected Financial Highlights
Total Revenues
(dollars in millions)
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)
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.
Annual Weighted Average Interest Cost
(percent)
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.