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.
2023 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 2023.
Raleigh Office
Huntersville Office
Lexington Office
NCEMPA Debt Responsibility by Power Agency Participants (as of 07/02/2024) Debt Outstanding: $48,845,000.00Interest 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 01/1/2025) Debt Outstanding: $470,845,000.00Interest 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
$35,804,466
City
Bostic
Percentage
0.0869 %
Responsibility
$409,164
City
Cherryville
Percentage
1.5788 %
Responsibility
$7,433,701
City
Cornelius
Percentage
0.3621 %
Responsibility
$1,704,930
City
Drexel
Percentage
0.5070 %
Responsibility
$2,387,184
City
Gastonia
Percentage
17.1205 %
Responsibility
$80,611,018
City
Granite Falls
Percentage
0.9125 %
Responsibility
$4,296,461
City
High Point
Percentage
18.9600 %
Responsibility
$89,272,212
City
Huntersville
Percentage
0.6228 %
Responsibility
$2,932,423
City
Landis
Percentage
1.1298 %
Responsibility
$5,319,607
City
Lexington
Percentage
12.9345 %
Responsibility
$60,901,447
City
Lincolnton
Percentage
1.6078 %
Responsibility
$7,570,246
City
Maiden
Percentage
1.2891 %
Responsibility
$6,069,663
City
Monroe
Percentage
10.0377 %
Responsibility
$47,262,009
City
Morganton
Percentage
6.7352 %
Responsibility
$31,712,352
City
Newton
Percentage
2.1147 %
Responsibility
$9,956,959
City
Pineville
Percentage
0.5359 %
Responsibility
$2,523,258
City
Shelby
Percentage
5.9965 %
Responsibility
$28,243,220
City
Statesville
Percentage
9.8639 %
Responsibility
$46,443,680
NCMPA1 Projected Annual Debt Service
ElectriCities Reports
Year
Format
Size
NCEMPA Reports
Year
Format
Size
NCMPA1 Reports
Year
Format
Size