Old Dominion Electric Cooperative, founded in 1938 and headquartered in Glen Allen, Virginia, is dedicated to providing reliable, affordable electric power to its member distribution cooperatives across Virginia and parts of Maryland. The cooperative focuses on generating and purchasing electricity, while also advancing renewable energy initiatives to enhance sustainability in its service areas.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| OLDDOM 5.68% 2028-12-01 USDOld Dominion Electric Cooperative | United States | 2028-12-01 | 5.676 | 5.96 |
| OLDDOM 6.21% 2028-12-01 USDOld Dominion Electric Cooperative | United States | 2028-12-01 | 6.210 | 6.24 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Old Dominion Electric Cooperative has a notable history of bond issuance, beginning in the late 1980s to finance infrastructural developments and meet growing energy demands. Their most recent bond issuance in 2023 aimed to raise $100 million for expansion projects, featuring a competitive yield of 4.2%, comparable to the industry average. Additionally, the cooperative has historically offered tax-exempt bonds, which have attracted a range of institutional investors, strengthening its financial positioning in the evolving energy sector.