Delivering Value

Delivering value

That's the goal of everything we do at ElectriCities. To provide valuable services that strengthen public power communities and help deliver safe and reliable power to homeowners and businesses across North Carolina.

Value comes in many different forms. From keen insight about complex utility issues to professional guidance on legal and legislative issues. From power supply programs that boost outside energy sales to bond refundings that lower the cost of debt payments. Together, these services make a positive impact on the communities we serve. The site explains how.

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2016 Explanation of Value Delivered

$442,107,677 the net value delivered to our members in 2016
  • Power Supply Benefit
  • Services Benefit
  • Finance Benefit
  • Contract Administration Benefit
  • DSM/Load Management Benefit
$ 442.1 M
the net value delivered
to our members
in 2016
Power Supply
206.9
Services
78.0
Finance
95.6
Contract Administration
20.1
DSM/Load Management
71.7

Value Summary

Services $78,000,451
Area Savings
Accounting 23,279
Business Development Services 545,210
Compliance 469,456
Corporate Records 22,330
Distribution Services 682,606
Distribution System Operations 1,751,055
Economic Development 11,541,700
Human Resources 6,900
Legal 54,057,317
Member Communications 1,027,651
Member Infrastructure Support 3,701,779
Residential Energy Services 412,250
Safety and Training 1,625,090
Technology Services 725,487
Training 30,000
Utility Business Services 297,020
Utility Services 1,081,321
Finance $95,588,555
AREA SAVINGS
Bond Refunding 16,461,356
Bond Refunding/Restructuring 60,725,906
Capital Additions 517,000
Investment Portfolios 17,832,293
Rating Agency Cost 52,000
Contract Administration $20,111,055
Area Savings
A&G Expenses (Merger Agreement) 5,989,125
Asset Sale Final True-up - Termination and Release Agreement 4,482,323
Contract Administration - Billing reviews, Contract and Capital Addition approvals 729,235
Duke/PEC merger benefits 1,500,000
Full Requirements Power Purchase Agreement (FRPPA), Transmission Billing Statements 816,000
Leased Facilities Rate 704,569
Merger Agreement 3,675,007
OATT Annual Billing Review 357,134
Operating and Fueling Agreement, Interconnection Agreement, and Transmission billing statements 807,500
Power Supply Billing Review 804,777
Reactive Power Credit 245,385
DSM/Load Management $71,653,968
Power Supply $206,927,120
GROSS BENEFITS SUBTOTAL $472,281,148
NET BENEFITS GRAND TOTAL $442,107,677
TIP: Click on the arrows below to show/hide data.

Value in Numbers