Financials

Our finance division manages, controls, and reports all of the financial activities of ElectriCities and the power agencies.


The treasury section is responsible for investment transactions, bond refinancings, new money bond issues, trustee and banking contacts, investor relations, and financial community relationships for the power agencies. The accounting section reviews, records, and reports all financial transactions and activities for the power agencies and ElectriCities.

2022 Electricities Annual Report

Our annual report includes a message from our Board Chairman and CEO, and highlights success stories from ElectriCities of North Carolina members in areas which our organization focused efforts in 2022.

Annual Report

Raleigh Office

1427 Meadow Wood Blvd
Raleigh, NC 27604
919.760.6000

Huntersville Office

11316 Sam Furr Rd
Huntersville, NC 28078
704.948.0550

Lexington Office

28 W. Center Street
Lexington, NC 27292
336.243.2489

NCEMPA Debt Responsibility by Power Agency Participants
(as of 07/02/2024) Debt Outstanding: $48,845,000.00
Interest payments are due and payable on January 1 and July 1 each year. Principal payments are due and payable July 1 each year.

City
Percentage
Responsibility
City Apex
Percentage 1.1218 %
Responsibility $547,943
City Ayden
Percentage 1.4347 %
Responsibility $700,779
City Belhaven
Percentage 0.3473 %
Responsibility $169,639
City Benson
Percentage 0.6507 %
Responsibility $317,834
City Clayton
Percentage 1.0539 %
Responsibility $514,777
City Edenton
Percentage 1.5570 %
Responsibility $760,517
City Elizabeth City
Percentage 4.0525 %
Responsibility $1,979,444
City Farmville
Percentage 0.9836 %
Responsibility $480,439
City Fremont
Percentage 0.2359 %
Responsibility $115,225
City Greenville
Percentage 20.3709 %
Responsibility $9,950,166
City Hamilton
Percentage 0.0675 %
Responsibility $32,970
City Hertford
Percentage 0.3867 %
Responsibility $188,884
City Hobgood
Percentage 0.0730 %
Responsibility $35,657
City Hookerton
Percentage 0.1057 %
Responsibility $51,629
City Kinston
Percentage 7.6434 %
Responsibility $3,733,419
City LaGrange
Percentage 0.4261 %
Responsibility $208,129
City Laurinburg
Percentage 2.1984 %
Responsibility $1,073,808
City Louisburg
Percentage 0.8445 %
Responsibility $412,496
City Lumberton
Percentage 4.7153 %
Responsibility $2,303,188
City New Bern
Percentage 6.6370 %
Responsibility $3,241,843
City Pikeville
Percentage 0.1611 %
Responsibility $78,689
City Red Springs
Percentage 0.5500 %
Responsibility $268,648
City Robersonville
Percentage 0.4237 %
Responsibility $206,956
City Rocky Mount
Percentage 12.9031 %
Responsibility $6,302,519
City Scotland Neck
Percentage 0.5140 %
Responsibility $251,063
City Selma
Percentage 0.9171 %
Responsibility $447,957
City Smithfield
Percentage 2.2631 %
Responsibility $1,105,411
City Southport
Percentage 0.7366 %
Responsibility $359,792
City Tarboro
Percentage 3.6701 %
Responsibility $1,792,660
City Wake Forest
Percentage 1.1297 %
Responsibility $551,802
City Washington
Percentage 4.0871 %
Responsibility $1,996,344
City Wilson
Percentage 17.7385 %
Responsibility $8,664,370

NCEMPA Projected Annual Debt Service New Revenue Bonds

NCMPA1 Debt Responsibility by Power Agency Participants
(as of 02/09/2024) Debt Outstanding: $529,100,000.00
Interest payments are due and payable on January 1 and July 1 each year. Principal payments are due and payable January 1 each year.

City
Percentage
Responsibility
City Albemarle
Percentage 7.6043 %
Responsibility $40,234,351
City Bostic
Percentage 0.0869 %
Responsibility $459,788
City Cherryville
Percentage 1.5788 %
Responsibility $8,353,431
City Cornelius
Percentage 0.3621 %
Responsibility $1,915,871
City Drexel
Percentage 0.5070 %
Responsibility $2,682,537
City Gastonia
Percentage 17.1205 %
Responsibility $90,584,566
City Granite Falls
Percentage 0.9125 %
Responsibility $4,828,038
City High Point
Percentage 18.9600 %
Responsibility $100,317,360
City Huntersville
Percentage 0.6228 %
Responsibility $3,295,235
City Landis
Percentage 1.1298 %
Responsibility $5,977,772
City Lexington
Percentage 12.9345 %
Responsibility $68,436,440
City Lincolnton
Percentage 1.6078 %
Responsibility $8,506,870
City Maiden
Percentage 1.2891 %
Responsibility $6,820,628
City Monroe
Percentage 10.0377 %
Responsibility $53,109,471
City Morganton
Percentage 6.7352 %
Responsibility $35,635,943
City Newton
Percentage 2.1147 %
Responsibility $11,188,878
City Pineville
Percentage 0.5359 %
Responsibility $2,835,447
City Shelby
Percentage 5.9965 %
Responsibility $31,727,482
City Statesville
Percentage 9.8639 %
Responsibility $52,189,895

NCMPA1 Projected Annual Debt Service

ElectriCities Reports

Year
Format
Size
Format
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Size 16.24 MB
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Size 702.87 KB
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Size 7.58 MB
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Size 10.47 MB
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Size 2.36 MB
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Size 6.68 MB
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Size 1.66 MB
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Size 2.07 MB
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Size 1.78 MB

NCEMPA Reports

Year
Format
Size
Format
PDF
Size 3.85 MB
Format
PDF
Size 542.84 KB
Format
PDF
Size 3.85 MB
Format
PDF
Size 1.30 MB
Format
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Size 1.40 MB
Format
PDF
Size 125.81 KB
Format
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Size 124.67 KB
Format
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Size 124.29 KB
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Size 2.54 MB
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Size 123.77 KB
Format
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Size 119.42 KB
Format
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Size 164.16 KB
Format
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Size 1.95 MB
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Size 170.29 KB
Format
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Size 114.76 KB
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Size 110.87 KB
Format
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Size 2.41 MB
Format
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Size 186.11 KB
Format
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Size 177.34 KB
Format
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Size 113.94 KB
Format
PDF
Size 7.53 MB
Format
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Size 117.88 KB
Format
PDF
Size 149.38 KB
Format
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Size 237.75 KB
Format
PDF
Size 2.04 MB
Format
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Size 166.50 KB
Format
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Size 143.88 KB
Format
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Size 140.82 KB
Format
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Size 3.30 MB
Format
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Size 137.35 KB
Format
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Size 137.58 KB
Format
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Size 253.93 KB
Format
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Size 2.33 MB
Format
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Size 241.57 KB
Format
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Size 237.14 KB
Format
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Size 236.74 KB
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Size 1.42 MB
Format
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Size 227.06 KB
Format
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Size 216.62 KB
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Size 214.91 KB
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Size 2.66 MB

NCMPA1 Reports

Year
Format
Size
Format
PDF
Size 5.60 MB
Format
PDF
Size 235.15 KB
Format
PDF
Size 153.44 KB
Format
PDF
Size 704.15 KB
Format
PDF
Size 144.00 KB
Format
PDF
Size 149.60 KB
Format
PDF
Size 167.62 KB
Format
PDF
Size 4.83 MB
Format
PDF
Size 150.85 KB
Format
PDF
Size 150.53 KB
Format
PDF
Size 140.62 KB
Format
PDF
Size 2.17 MB
Format
PDF
Size 148.88 KB
Format
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Size 149.02 KB
Format
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Size 146.41 KB
Format
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Size 932.88 KB
Format
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Size 145.44 KB
Format
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Size 132.72 KB
Format
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Size 130.01 KB
Format
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Size 1.82 MB
Format
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Size 129.46 KB
Format
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Size 155.57 KB
Format
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Size 169.95 KB
Format
PDF
Size 2.69 MB
Format
PDF
Size 148.29 KB
Format
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Size 140.72 KB
Format
PDF
Size 145.10 KB
Format
PDF
Size 1.83 MB
Format
PDF
Size 214.65 KB
Format
PDF
Size 144.37 KB
Format
PDF
Size 141.65 KB
Format
PDF
Size 7.28 MB
Format
PDF
Size 145.73 KB
Format
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Size 143.69 KB
Format
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Size 206.05 KB
Format
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Size 1.06 MB
Format
PDF
Size 137.07 KB
Format
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Size 136.65 KB
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Size 133.60 KB
Format
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Size 3.87 MB
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Size 131.57 KB
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Size 136.68 KB
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Size 253.25 KB
Format
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Size 2.34 MB
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Size 244.02 KB
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Size 251.11 KB
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Size 237.85 KB
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Size 1.53 MB
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Size 226.96 KB
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Size 223.64 KB
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Size 224.96 KB
Format
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Size 1.76 MB