Members 11 Headquarters Virginia, United States Number of employees 104 | Website odec.com Founded 1948 Type of business Cooperative Federation | |
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Area served Virginia, Maryland, & Delaware Key people Jack Reasor, President & CEO Similar Choptank Electric Cooperative, Arkansas Electric Cooperati, Midcontinent Independent System O, American Public Power As, Appalachian Voices Profiles | ||
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Old Dominion Electric Cooperative (ODEC) is an electric generation and transmission cooperative headquartered in Glen Allen, Virginia. ODEC provides wholesale power to its 11 member electric cooperatives in Virginia, Maryland, and Delaware. Through these member cooperatives, ODEC provided over 11 million megawatt hours of power to 1.4 million people in 2008. ODEC's member cooperatives primarily distribute power to rural, suburban, and recreation areas.
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ODEC's generating facilities make use of coal, fuel oil, natural gas and nuclear energy. ODEC owns 11.6% of the North Anna Nuclear Generating Station in Louisa County. ODEC President Jack Reasor in 2007 stated that ODEC does not support a cap on carbon emissions as proposed by the United States Carbon Cap-and-Trade Program. In 2009, ODEC proposed building a coal plant in Dendron, Virginia. In 2010, ODEC agreed to purchase the output of the Criterion Wind Project under a 20 year contract.
Northern Virginia Electric Cooperative was a member of the cooperative until 31 December 2008, when it terminated its contract.
TEC Trading is a Class B member of Old Dominion and is owned by ODEC's member cooperatives. TEC purchases excess power from Old Dominion and sells it on the market.