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Selected Financial and Operating Data
| |
2009 |
2008 |
2007 |
| (Dollars in thousands) |
| Total revenues |
$666,235 |
$771,833 |
$736,039 |
| Total assets |
$5,028,680 |
$4,563,173 |
$4,647,852 |
| Property, plant and equipment - net |
$2,633,954 |
$2,261,040 |
$2,157,543 |
| |
| Debt outstanding (excluding defeased bonds) |
$4,332,283 |
$3,838,067 |
$3,892,421 |
| Annual weighted average interest cost |
3.67% |
4.72% |
4.72% |
| |
| Total delivered energy to MEAG Power Participants (MWh)(1) |
10,222,929 |
10,602,761 |
10,767,616 |
| |
| Cost to MEAG Power Participants (cents per kWh):(2) |
| Total cost (1) (3) |
5.36 |
5.68 |
5.45 |
| Bulk power cost (3) |
5.37 |
5.54 |
5.35 |
| SEPA cost (1) |
5.27 |
7.96 |
7.49 |
| |
| Peak demand (MW) |
1,903 |
2,024 |
2,117 |
| |
| Total nominal generating capacity in service (MW) |
2,069 |
2,069 |
2,069 |
(1) Participants purchase energy directly from the Southeastern Power Administration (SEPA). Such energy is included in these calculations.
(2) Cost related to MEAG Power's electric generating projects.
(3) Beginning in 2009, funds from the Competitive Trust are being applied to lower the Participants' annual bulk power costs.
Ratings Table
| Project |
Lien
|
Fitch
|
Moody's
|
Standard
& Poor's
|
|
Project One
|
Senior
|
A+
|
A1
|
A+
|
| Project One |
Subordinated |
A+
|
A2
|
A
|
| General Resolution Projects |
Senior |
A+
|
A1
|
A+
|
| General Resolution Projects |
Subordinated |
A+
|
A2
|
A
|
| Combined Cycle Project |
Senior |
A+
|
A1
|
A
|
| Telecommunications Project |
Senior |
A+
|
A1
|
A
|
| Project M |
Senior |
A+
|
A2
|
A+
|
| Project J |
Senior |
A+
|
A2
|
A+
|
| Project P |
Senior |
A-
|
Baa2
|
A-
|
| Outlook/Trend (All Projects) |
|
Stable
|
Stable
|
Stable
|
Note : These ratings reflect the underlying unenhanced ratings for each resolution.