OLD DOMINION ELECTRIC COOPERATIVE: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: OLD DOMINION ELECTRIC COOPERATIVE (EIN 23-7048405)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-14
IRS object ID: 202213189349305901
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-14T10:37:37-06:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	346565596	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ERNST & YOUNG	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 NORTH TYRON STREET 3800	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28202	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	237048405	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OLD DOMINION ELECTRIC COOPERATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	OLDD	BusinessNameControlTxt
Phone	8047470592	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4201 DOMINION BOULEVARD SUITE 300	AddressLine1Txt
City	GLEN ALLEN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23060	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRYAN S ROGERS	PersonNm
Person Title	SR. VP & CFO	PersonTitleTxt
Phone	8047470592	PhoneNum
Signature	2022-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BRYAN	PersonFirstNm
Person Last	ROGERS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHRISTOPHER BOGGS	PreparerPersonNm
PTIN	P00032493	PTIN
Phone	7043726300	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARCUS M HARRIS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4201 DOMINION BOULEVARD SUITE 300	AddressLine1Txt
City	GLEN ALLEN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23060	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$801,442,287	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.ODEC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1948	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	PROVIDE WHOLESALE POWER TO MEMBER COOPERATIVES	ActivityOrMissionDesc
Voting Members Governing Body	22	VotingMembersGoverningBodyCnt
Voting Members Independent	22	VotingMembersIndependentCnt
Total Employee	153	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$807,703,829	PYProgramServiceRevenueAmt
CY Program Service Revenue	$780,639,871	CYProgramServiceRevenueAmt
PY Investment Income	$13,086,113	PYInvestmentIncomeAmt
CY Investment Income	$20,178,996	CYInvestmentIncomeAmt
PY Other Revenue	$168,448	PYOtherRevenueAmt
CY Other Revenue	$623,420	CYOtherRevenueAmt
PY Total Revenue	$820,958,390	PYTotalRevenueAmt
CY Total Revenue	$801,442,287	CYTotalRevenueAmt
PY Grants And Similar Paid	$237,339	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$187,417	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$12,159,416	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$20,046,539	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$21,289,998	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$20,982,637	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$782,220,838	PYOtherExpensesAmt
CY Other Expenses	$755,237,150	CYOtherExpensesAmt
PY Total Expenses	$815,907,591	PYTotalExpensesAmt
CY Total Expenses	$796,453,743	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,050,799	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,988,544	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,061,730,407	TotalAssetsBOYAmt
Total Assets EOY	$2,169,039,010	TotalAssetsEOYAmt
Total Liabilities BOY	$1,608,260,289	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,704,262,052	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$453,470,118	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$464,776,958	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDE WHOLESALE POWER TO MEMBER COOPERATIVES	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	OLD DOMINION IS A NOT-FOR-PROFIT WHOLESALE POWER SUPPLY COOPERATIVE ENGAGED IN THE BUSINESS OF PROVIDING WHOLESALE ELECTRIC SERVICE TO ITS MEMBER COOPERATIVES.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	Yes (1)	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	75	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	153	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$756,900,379	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$107,217,760	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	22	GoverningBodyVotingMembersCnt
Independent Voting Member	22	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRYAN ROGERS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8049684035	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4201 DOMINION BOULEVARD	AddressLine1Txt
City	GLEN ALLEN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23060	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JEFFREY S EDWARDS
VICE-CHAIRMAN	6.00	Yes (X)	Yes (X)	$0	$0	$0
JOHN C LEE JR
CHAIRMAN	6.50	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL E MALANDRO
SECRETARY/TREASURER	6.00	Yes (X)	Yes (X)	$0	$0	$0
J WILLIAM ANDREW JR
BOARD MEMBER - ENDED 7/21	6.00	Yes (X)		$0	$0	$0
PAUL BROWN
BOARD MEMBER	9.00	Yes (X)		$45,600	$0	$0
JOHN J BURKE JR
BOARD MEMBER	6.00	Yes (X)		$46,100	$0	$0
DARLENE CARPENTER
BOARD MEMBER	6.00	Yes (X)		$46,100	$0	$0
EARL CURRIN
BOARD MEMBER	7.00	Yes (X)		$45,600	$0	$0
E GARRISON DRUMMOND
BOARD MEMBER	6.00	Yes (X)		$45,600	$0	$0
CHAD N FOWLER
BOARD MEMBER	6.00	Yes (X)		$45,600	$0	$0
HUNTER R GREENLAW JR
BOARD MEMBER	6.00	Yes (X)		$47,350	$0	$0
STEVE HARMON
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
BRUCE A HENRY
BOARD MEMBER - ENDED 12/21	6.00	Yes (X)		$45,850	$0	$0
JOHN D HEWA JR
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
BRADLEY H HICKS
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
DAVID J JONES
BOARD MEMBER	6.00	Yes (X)		$46,350	$0	$0
MICHAEL J KEYSER
BOARD MEMBER - ENDED 12/21	6.00	Yes (X)		$0	$0	$0
CARY J LOGAN JR
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
SUZANNE S OBENSHAIN
BOARD MEMBER	6.00	Yes (X)		$45,600	$0	$0
GREGORY S ROGERS
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
KEITH L SWISHER
BOARD MEMBER	6.00	Yes (X)		$45,600	$0	$0
BELVIN WILLIAMSON JR
BOARD MEMBER	6.00	Yes (X)		$0	$0	$0
CHRISTOPHER S BOTULINSKI
BOARD MEMBER - STARTED 12/21	6.00	Yes (X)		$0	$0	$0
GREGORY J STARHEIM
BOARD MEMBER - STARTED 8/21	6.00	Yes (X)		$0	$0	$0
MARCUS M HARRIS
PRESIDENT & CEO	40.00		Yes (X)	$801,739	$0	$587,203
BRYAN S ROGERS
SR. VP & CFO	40.00		Yes (X)	$332,904	$0	$473,788
DALE R BEAM
SR. VP POWER SUPPLY	40.00		Yes (X)	$765,704	$0	$238,666
MICHAEL L HEARN
GENERAL COUNSEL	40.00		Yes (X)	$317,397	$0	$207,769
KIRK D JOHNSON
SR. VP OF MEMBER ENGAGEMEN	40.00		Yes (X)	$339,954	$0	$230,883
TODD T BRICKHOUSE
VP & TREASURER	40.00			$214,986	$0	$129,633	Yes (X)
PETER F GALLINI
VP POWER SUPPLY	40.00			$248,294	$0	$211,601	Yes (X)
CHARLES B DAVIS
VP OPERATIONS AND ASSET MG	40.00			$232,057	$0	$157,322	Yes (X)
ALLYSON PITTMAN
VP & CONTROLLER	40.00			$219,071	$0	$183,696	Yes (X)
CYNTHIA B ARMSTRONG
VP HUMAN RESOURCES	40.00			$227,446	$0	$148,129	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,204,902	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,568,690	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	103	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
ACES POWER MARKETING
4140 W 99TH STREET	CARMEL	IN	46032	ENERGY MANAGEMENT	$2,149,797
GENERAL ELECTRIC INTERNATIONAL
4200 WILDWOOD PARKWAY	ATLANTA	GA	30339	MECHANICAL CONTRACTOR	$2,034,409
M DAVIS & SONS INC
19 GERMAY DRIVE	WILMINGTON	DE	19804	MECHANICAL CONTRACTOR	$828,159
THOMPSON COBURN LLP
1909 K STREET NW 600	WASHINGTON	DC	20006	LEGAL SERVICES	$744,727
RICHARDSON-WAYLAND ELECTRICAL CO
2003 RUSSELL AVE SW	ROANOKE	VA	24015	ELECTRICAL CONTRACTOR	$414,953

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	50	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OPERATING REV - MEMBER	424000	$726,900,379	$726,900,379
OP. REV. - NON-MEMBER	424000	$53,739,492	$53,739,492

Field	Value	IRS element (for citing)
Total Program Service Revenue	$780,639,871	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,173,526	TotalRevenueColumnAmt
Exclusion	$20,173,526	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$5,470	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$5,470	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,470	TotalRevenueColumnAmt
Exclusion	$5,470	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
MISC. NON-OPERATING INC	900099	$618,282	$618,282
ACES	900099	$5,138		$5,138

Field	Value	IRS element (for citing)
Other Revenue Total	$623,420	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$801,442,287	TotalRevenueColumnAmt
Related Or Exempt Func Income	$781,258,153	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$20,184,134	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$187,417	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$20,046,539	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$4,801,357	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$10,527,830	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,677,137	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,301,510	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,674,803	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,017,159	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$379,340	TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$61,500	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$5,373,494	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$16,803	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,092,413	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$396,480	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$108,623	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$160,909	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$55,997,580	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$87,236,428	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$730,226	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
POWER COSTS	$337,620,422
PROD & MAINT - FOSSIL F	$156,683,479
PROD & MAINT - MAINTENA	$63,941,246
PROD & MAINT - NOX ALLO	$14,405,154

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$30,015,894	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$796,453,743	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$804,838	BOYAmt
EOY	$13,028,906	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$4,368	BOYAmt
EOY	$89,014,815	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$96,721,639	BOYAmt
EOY	$76,859,826	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$61,272,883	BOYAmt
EOY	$61,807,989	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$49,893,658	BOYAmt
EOY	$93,409,233	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,738,543,340	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,182,643,959	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,608,384,685	BOYAmt
EOY	$1,555,899,381	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$244,648,336	BOYAmt
EOY	$279,018,860	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,061,730,407	BOYAmt
EOY	$2,169,039,010	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$137,835,114	BOYAmt
EOY	$201,825,771	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$1,118,364,778	BOYAmt
EOY	$1,069,799,945	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$352,060,397	BOYAmt
EOY	$432,636,336	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,608,260,289	BOYAmt
EOY	$1,704,262,052	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$453,470,118	BOYAmt
EOY	$464,776,958	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$453,470,118	BOYAmt
EOY	$464,776,958	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,061,730,407	BOYAmt
EOY	$2,169,039,010	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$4,988,544	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$6,318,296	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$61,500	PoliticalExpendituresAmt
Expended527 Activities	$61,500	Expended527ActivitiesAmt
Total Exempt Function Expend	$61,500	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (1)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ACRE	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4301 WILSON BOULEVARD	AddressLine1Txt
City	ARLINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22203	ZIPCd

Field	Value	IRS element (for citing)
EIN	546134963	EIN
Paid Internal Funds	$61,500	PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I-A, LINE 1:	FormAndLineReferenceDesc
Explanation	OLD DOMINION ELECTRIC COOPERATIVE (ODEC) ENGAGES WITH OUR GOVERNMENT AT THE LOCAL, STATE AND FEDERAL LEVELS ON VARIOUS ISSUES INCLUDING BUT NOT LIMITED TO REGULATIONS, POLICIES AND LEGISLATION THAT WOULD HARM OUR INDUSTRY, MAKE GENERATION OF ELECTRICITY COST MORE OR AFFECT RELIABILITY. ODEC SPEAKS DIRECTLY TO AGENCY STAFF, ADMINISTRATORS AND LEGISLATORS ABOUT THE IMPACTS OF LEGISLATION AND REGULATION ON OUR MEMBER OWNERS.	ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$45,407,328	OtherCostOrOtherBasisAmt
Book Value	$45,407,328	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$282,188,731	OtherCostOrOtherBasisAmt
Depreciation	$153,189,377	DepreciationAmt
Book Value	$128,999,354	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$935,529	OtherCostOrOtherBasisAmt
Depreciation	$620,239	DepreciationAmt
Book Value	$315,290	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,216,892,493	OtherCostOrOtherBasisAmt
Depreciation	$878,310,330	DepreciationAmt
Book Value	$1,338,582,163	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$193,119,259	OtherCostOrOtherBasisAmt
Depreciation	$150,524,013	DepreciationAmt
Book Value	$42,595,246	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,555,899,381	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (7 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CAPITAL TERM CERTIFICATES	$41,933	C
DECOMMISSIONING FUND	$276,657,809	F
HOMESTEAD FUND - DEFERRED COMP PLAN	$211,941	F
COBANK STOCK	$110,897	C
INVESTMENT ACES - BOOKED AT COST	$1,296,974	C
INVESTMENT NRCO	$69,353	C
INVESTMENT IN RHI - COMMON STOCK	$629,953	C

Field	Value	IRS element (for citing)
Total Book Value Securities	$279,018,860	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDesc	AmtAmt
OTHER DEFERRED CREDITS	$5,589,277
UNAMORT GAIN REACQUISITION - 93A 2023	$113,183
OTHER REGULATORY LIABILITY - FAS 143	$72,226,255
ASSET RETIREMENT OBLIGATION	$184,796,892
REG LIAB - DECOMMISSION MTM	$98,566,616
REG LIAB - DERIVATIVES	$49,713,160
NYMEX MARG ACCT	$21,630,953

Field	Value	IRS element (for citing)
Total Liability	$432,636,336	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	AS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE, WE ARE CURRENTLY EXEMPT FROM FEDERAL INCOME TAXATION UNDER IRC SECTION 501(C)(12), AND WE INTEND TO CONTINUE TO OPERATE IN THIS MANNER. BASED ON OUR ASSESSMENT AND EVALUATIONS OF RELEVANT AUTHORITY, WE BELIEVE WE COULD SUSTAIN TREATMENT AS A TAX-EXEMPT UTILITY IN THE EVENT OF A CHALLENGE OF OUR TAX STATUS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED BASED ON ODEC'S OPERATIONS IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
FAIR HILL ENVIRONMENTAL FOUNDATION
630 TAWES DRIVE	ELKTON	MD	21921	521667529	501(C)(3)	$10,000	$0	CCPS ANN PROGRAM DEFICIENCY
LOUISA COUNTY HIGH SCHOOL
757 DAVIS HIGHWAY	MINERAL	VA	23117	546001399	501(C)(3)	$8,250	$0	SCHOLARSHIPS & EQUPMENT
SOUTHERN VIRGINIA HIGHER EDUCATION FOUNDATION
180 FACTORY STREET	TURBEVILLE	VA	24592	541866278	501(C)(3)	$10,000	$0	SCHOLARSHIPS AND SPONSORSHIP
VIRGINIA COLLEGE FUND
1015 E MAIN STREET GROUND FLOOR	RICHMOND	VA	23219	540796066	501(C)(3)	$10,000	$0	GENERAL SUPPORT
GLOBAL EDUCATION ENERGY ENVIRONMENT
147 MALLARD DR	LAKE FREDERICK	VA	22630	471629526	501(C)(3)	$12,000	$0	GENERAL SUPPORT
HABITAT FOR HUMANITY SUSQUEHANNA
205 S HAYS STREET	BEL AIR	MD	21014	521848933	501(C)(3)	$5,600	$0	GENERAL SUPPORT
YOUTH EMPOWERMENT SOURCE INC
140 MAFFITT STREET	ELKTON	MD	21921	472027845	501(C)(3)	$6,000	$0	GENERAL SUPPORT
BOYS & GIRLS CLUB OF CECIL COUNTY
PO BOX 1737	ELKTON	MD	21922	522190263	501(C)(3)	$22,500	$0	GENERAL SUPPORT
CECIL COUNTY PUBLIC LIBRARY FOUNDATION
301 NEWARK AVE	ELKTON	MD	21921	526049235	501(C)(3)	$6,600	$0	GENERAL SUPPORT
WATER WITCH FIRE COMPANY
15 N MAIN STREET	PORT DEPOSUT	MD	21904	526055358	501(C)(3)	$7,500	$0	GENERAL SUPPORT
VIRGINIA RURAL CENTER
600 E MAIN STREET SUITE 300	RICHMOND	VA	23219	050616386	501(C)(3)	$7,300	$0	GENERAL SUPPORT
THE VIRGINIA RENEWABLE ENERGY
100 SHOKOE SLIP 3RD FLOOR	RICHMOND	VA	23219	264134317	501(C)(3)	$6,500	$0	GENERAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	12	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARCUS M HARRIS
PRESIDENT & CEO	$795,232	$0	$0	$0	$6,507	$0	$556,129	$0	$31,074	$0	$1,388,942	$0	$0	$0
DALE R BEAM
SR. VP POWER SUPPLY	$759,508	$0	$0	$0	$6,196	$0	$222,278	$0	$16,388	$0	$1,004,370	$0	$0	$0
BRYAN S ROGERS
SR. VP & CFO	$327,723	$0	$2,000	$0	$3,181	$0	$446,782	$0	$27,006	$0	$806,692	$0	$0	$0
KIRK D JOHNSON
SR. VP OF MEMBER ENGAGEMEN	$337,035	$0	$0	$0	$2,919	$0	$205,777	$0	$25,106	$0	$570,837	$0	$0	$0
MICHAEL L HEARN
GENERAL COUNSEL	$308,741	$0	$0	$0	$8,656	$0	$184,552	$0	$23,217	$0	$525,166	$0	$0	$0
PETER F GALLINI
VP POWER SUPPLY	$247,035	$0	$0	$0	$1,259	$0	$182,690	$0	$28,911	$0	$459,895	$0	$0	$0
ALLYSON PITTMAN
VP & CONTROLLER	$216,971	$0	$0	$0	$2,100	$0	$154,791	$0	$28,905	$0	$402,767	$0	$0	$0
CHARLES B DAVIS
VP OPERATIONS AND ASSET MG	$224,693	$0	$0	$0	$7,364	$0	$136,815	$0	$20,507	$0	$389,379	$0	$0	$0
CYNTHIA B ARMSTRONG
VP HUMAN RESOURCES	$222,095	$0	$2,000	$0	$3,351	$0	$133,692	$0	$14,437	$0	$375,575	$0	$0	$0
TODD T BRICKHOUSE
VP & TREASURER	$213,012	$0	$0	$0	$1,974	$0	$128,645	$0	$988	$0	$344,619	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	IN 2018, IN CONNECTION WITH THE EXECUTION OF THE EMPLOYMENT AGREEMENT WITH MR. HARRIS, WE ADOPTED THE DEFERRED COMPENSATION PLAN FOR THE PURPOSE OF PROVIDING SUPPLEMENTAL DEFERRED COMPENSATION TO MR. HARRIS IN AN AMOUNT WITHIN THE STATUTORY MAXIMUMS PERMITTED UNDER IRC SECTION 457. THE DEFERRED COMPENSATION PLAN IS RESTRICTED TO THOSE EXECUTIVE EMPLOYEES DESIGNATED BY OUR BOARD OF DIRECTORS WHO ARE GENERALLY RESPONSIBLE FOR ONGOING OPERATIONS, RESPONSIBLE FOR AND HAVE GENERAL SUPERVISION OVER THE OVERALL FINANCIAL CONDITION, RESPONSIBLE FOR SETTING AND EXECUTING OVERALL CORPORATE POLICIES AND PRACTICES, AND RESPONSIBLE FOR SUPERVISING LARGE NUMBERS OF EMPLOYEES AND WHO ELECT TO PARTICIPATE IN THE DEFERRED COMPENSATION PLAN BY AGREEING TO A DEFERRAL OF A PORTION OF THEIR CURRENT COMPENSATION. CURRENTLY, MR. HARRIS IS THE ONLY PARTICIPANT IN THE DEFERRED COMPENSATION PLAN. A $19,500 CONTRIBUTION WAS MADE TO THE PLAN IN 2021.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	OLD DOMINION ELECTRIC COOPERATIVE IS A COOPERATIVE OWNED BY 11 MEMBERS. NO MEMBER OWNS MORE THAN 50%.
FORM 990, PART VI, SECTION B, LINE 11B	A FINAL DRAFT OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE COMPANY'S CODE OF ETHICS, WHICH IS SIGNED BY ALL EMPLOYEES AND BOARD MEMBERS. GENERAL COUNSEL SERVES AS THE COMPLIANCE OFFICER TO ADMINISTER THE CODE OF ETHICS. WHEN CONTACTED, THE COMPLIANCE OFFICER IS OBLIGATED TO RECORD ANY REPORT ALLEGING A VIOLATION OF THE CODE AND TO TAKE EFFECTIVE STEPS TO INVESTIGATE SUCH REPORT. PERIODICALLY, AS DETERMINED AND REQUESTED BY THE PRESIDENT/CEO, THE COMPLIANCE OFFICER WILL SUBMIT A MEMORANDUM OUTLINING THE COMPLAINTS HE HAS RECEIVED FOR THAT PERIOD, THE RESULTS OF ALL INVESTIGATIONS, AND RECOMMENDATIONS FOR REMEDIAL ACTION.
FORM 990, PART VI, SECTION B, LINE 15	GENERAL PHILOSOPHY OUR COMPENSATION PHILOSOPHY HAS FOUR OBJECTIVES: 1. ATTRACT AND RETAIN A QUALIFIED, DIVERSE WORKFORCE THROUGH A COMPETITIVE COMPENSATION PROGRAM; 2. PROVIDE EQUITABLE AND FAIR COMPENSATION; 3. SUPPORT OUR BUSINESS STRATEGY; AND 4. ENSURE COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS. TOTAL COMPENSATION PACKAGE WE COMPENSATE OUR CEO THROUGH THE USE OF A TOTAL COMPENSATION PACKAGE WHICH INCLUDES BASE SALARY, COMPETITIVE BENEFITS, AND THE POTENTIAL OF A BONUS. OUR CEO'S BASE SALARY IS DERIVED FROM THIRD PARTY MARKET DATA BASED UPON NATIONAL COMPENSATION SURVEYS. THE NATIONAL COMPENSATION SURVEY DATA INCLUDES DATA FROM THE LABOR MARKET FOR POSITIONS OF SIMILAR RESPONSIBILITIES. THE COMPENSATION OF OUR CEO IS REVIEWED BY THE EXECUTIVE COMMITTEE OF OUR BOARD OF DIRECTORS AND THEY PROVIDE A RECOMMENDATION TO OUR ENTIRE BOARD OF DIRECTORS. THE ENTIRE BOARD OF DIRECTORS APPROVES OUR CEO'S COMPENSATION. WE COMPENSATE OUR OTHER SENIOR MANAGEMENT THROUGH THE USE OF A TOTAL COMPENSATION PACKAGE WHICH INCLUDES BASE SALARY, COMPETITIVE BENEFITS, AND THE POTENTIAL OF A BONUS. THEIR ANNUAL SALARY IS ALSO DERIVED FROM THIRD PARTY MARKET DATA BASED UPON NATIONAL COMPENSATION SURVEYS AND INCLUDES DATA FROM THE LABOR MARKET FOR POSITIONS OF SIMILAR RESPONSIBILITIES. TARGETED OVERALL COMPENSATION OUR COMPENSATION PROGRAM UTILIZES ACCURATE, DETAILED JOB DESCRIPTIONS FOR ALL OF OUR EMPLOYEES, INCLUDING SENIOR MANAGEMENT WITH THE EXCEPTION OF THE CEO, AS AN INSTRUMENT TO ESTABLISH BENCHMARKED POSITIONS. THE MARKET COMPENSATION INFORMATION FOR EACH POSITION IS DERIVED FROM SALARY DATA PROVIDED BY THIRD PARTIES THROUGH NATIONAL SURVEYS AND INCLUDES SALARY DATA FOR POSITIONS WITHIN THE DETERMINED COMPETITIVE LABOR MARKET. OUR JOB DESCRIPTIONS ARE REVIEWED ANNUALLY AND INCLUDE ESSENTIAL AND NON-ESSENTIAL RESPONSIBILITIES, REQUIRED KNOWLEDGE, SKILLS AND ABILITIES, FORMAL EDUCATION AND EXPERIENCE NECESSARY TO ACCOMPLISH THE REQUIREMENTS OF THE POSITION WHICH IN TURN HELPS US ACHIEVE OPERATIONAL GOALS. UTILIZING THIS INFORMATION, OUR HUMAN RESOURCES DEPARTMENT DETERMINES A MARKET-BASED SALARY FOR EACH POSITION BASED UPON SALARY SURVEY DATA PROVIDED BY THIRD PARTIES. A THIRD-PARTY CONSULTANT REVIEWS THE MARKET-BASED SALARY DATA WE COMPILED FOR REASONABLENESS AND FAIRNESS ANNUALLY. OUR BOARD OF DIRECTORS HAS DEFINED MARKET-BASED SALARY AS APPROXIMATELY 95% TO 100% OF THE 50TH PERCENTILE OF THE MARKET, EXCLUDING NEW HIRES THAT MAY BE HIRED AT 90% OF THE 50TH PERCENTILE OF MARKET UNTIL A LEARNING PERIOD IS COMPLETE. PROCESS OUR BOARD OF DIRECTORS HAS DELEGATED TO OUR CEO THE AUTHORITY TO ESTABLISH AND ADJUST COMPENSATION FOR ALL EMPLOYEES OTHER THAN HIMSELF. WE HAVE A SUB-COMMITTEE OF OUR BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE, WHICH RECOMMENDS COMPENSATION FOR OUR CEO TO THE ENTIRE BOARD OF DIRECTORS AND THE ENTIRE BOARD OF DIRECTORS APPROVES THE COMPENSATION. THE COMPENSATION FOR ALL OTHER EMPLOYEES, INCLUDING MEMBERS OF SENIOR MANAGEMENT OTHER THAN THE CEO, IS APPROVED BY OUR CEO BASED UPON MARKET-BASED SALARY DATA. ON AN ANNUAL BASIS OUR BOARD OF DIRECTORS REVIEWS THE PERFORMANCE AND COMPENSATION OF OUR CEO AND OUR CEO REVIEWS THE PERFORMANCE AND COMPENSATION OF THE REMAINING SENIOR MANAGEMENT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 4:	LINE 4 CONTAINS CAPITAL CREDITS ALLOCATED TO OUR MEMBERS.
FORM 990, PART XI, LINE 9:	CLOVER BOOK DEPRECIATION FOR FULL YEAR -5,302,228. FEDERAL INCOME TAX 1120-POL -13,827. BOOK/TAX DIFFERENCES FROM PARTNERSHIP -13,108. TAX AMORTIZATION OF REA PREPAYMENT 340,619. PATRONAGE DIVIDENDS - MEMBERSHIP BENEFIT 20,046,539. PATRONAGE DIVIDENDS PAID -8,739,699.
FORM 990, PART I, LINE 3 AND PART VI, LINE 1A:	ODEC IS GOVERNED BY A BOARD OF 22 DIRECTORS, CONSISTING OF TWO REPRESENTATIVES FROM EACH OF OUR MEMBER DISTRIBUTION COOPERATIVES AND ONE REPRESENTATIVE FROM TEC TRADING INC, ITS CLASS B MEMBER. THE CHAIRMAN OF THE BOARD CASTS 2 VOTES, ONE FOR HIS COOPERATIVE AND ONE FOR TEC.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	TEC TRADING INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4201 DOMINION BOULEVARD SUITE 300	AddressLine1Txt
City	GLEN ALLEN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23060	ZIPCd

Field	Value	IRS element (for citing)
EIN	542040896	EIN
Primary Activities	ELEC POWER DISTRIBUTION	PrimaryActivitiesTxt
Legal Domicile State	VA	LegalDomicileStateCd
Entity Type	C	EntityTypeTxt
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd