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Selected Financial and Operating Data
| |
2008 |
2007 |
2006 |
| (Dollars in thousands) |
| Total revenues |
$771,833 |
$736,039 |
$721,484 |
| Total assets |
$4,563,173 |
$4,647,852 |
$4,911,720 |
| Property, plant and equipment, net |
$2,261,040 |
$2,157,543 |
$2,135,771 |
| |
| |
| Debt outstanding (excluding defeased bonds) |
$3,838,067 |
$3,892,421 |
$4,099,819 |
| Annual weighted average interest cost |
4.72% |
4.72% |
4.85% |
| |
| Total delivered energy to MEAG Power Participants (MWh) (1) |
| |
10,602,761 |
10,767,616 |
10,484.380 |
| |
| Cost to MEAG Power Participants (cents per kWh): (2) |
| Total cost (1) |
5.68 |
5.45 |
5.45 |
| Bulk power cost |
5.54 |
5.35 |
5.43 |
| SEPA cost (1) |
7.96 |
7.49 |
5.67 |
| |
| Peak demand (MW) |
2,024 |
2,117 |
1,992 |
| |
| Total nominal generating capacity in service (MW) |
2,069 |
2,069 |
2,069 |
(1) Participants purchase energy directly from the Southeastern Power Administration (SEPA). Such energy is included in these calculations.
(2) Cost related to MEAG Power's electric generating projects.
Rating Table
| Resolution |
Fitch
|
Moody's
|
Standard
& Poor's
|
| Power Revenue |
A+
|
A1
|
A+
|
Project One
Subordinate |
A+
|
A2
|
A
|
| General Power Revenue |
A+
|
A1
|
A+
|
General Power
Revenue Subordinate |
A+
|
A2
|
A
|
| Combined Cycle |
A+
|
A1
|
A
|
| Telecommunications |
A+
|
A1
|
A
|
| Outlook / Trend |
Stable
|
Stable
|
Stable
|
Note : These ratings reflect the underlying unenhanced ratings for each resolution.