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Financial Highlights
Democratically controlled, Basin Electric Power Cooperative operates on a not-for-profit basis. Basin Electric's utility net margin does not belong to the utility. It represents an increase in an investment that belongs to our consumer-owners. Margins must be used to improve or maintain operations, set aside in reserves, or distributed to the membership.
2009 consolidated financial highlights
|
For the year ended Dec. 31 (in millions) |
2009 |
2008 |
% change |
|
Total utility and nonutility revenue |
$ 1,422.2 |
$ 1,523.6 |
(6.7) |
|
Total expenses |
1,356.8 |
$ 1,397.5 |
(2.9) |
|
Net margin and earnings |
$ 65.4 |
$ 26.1 |
(48.1) |
|
As of Dec. 31 (in millions) |
|
|
|
|
Net electric plant and nonutility property |
$ 3,483.2 |
$ 2,514.2 |
38.5 |
|
Total assets |
$ 4,695.4 |
$ 3,434.3 |
36.7 |
|
Long-term debt |
$ 2,269.3 |
$ 1,509.3 |
43.7 |
|
Equity |
$ 923.8 |
$ 812.3 |
13.7 |
Electric operating highlights
|
Energy sales in millions of megawatt hours |
2009 |
2008 |
% change |
|
To Class A and Class D members |
15.0 |
14.1 |
6.4 |
|
To others |
5.8 |
5.4 |
7.4 |
|
Total |
20.8 |
19.5 |
6.7 |
|
Coal consumed in millions of tons |
|
| |
|
Wyoming sub-bituminous |
7.5 |
7.9 |
(5.1) |
|
North Dakota lignite |
8.9 |
8.9 |
-- |
|
Total |
16.4 |
16.8 |
(2.4) |
|
Forced-outage rate (5-year average) |
3.5% |
2.7% |
29.6 |
|
Industry average (five-year-average) |
5.4% |
5.2% |
3.8 |
Dakota Gasification Company operating highlights
|
Revenue in millions |
2009 |
2008 |
% change |
|
Synthetic gas |
$ 264.7 |
$ 317.7 |
(16.7) |
|
Byproducts, coproducts and other |
154.5 |
249.1 |
(38.0) |
|
Interest and miscellaneous |
6.9 |
19.7 |
(65.0) |
|
Total |
$ 426.1 |
$ 586.5 |
(27.3) |
|
Synthetic gas sold (dekatherms) |
51.7 |
45.0 |
14.9 |
|
Coal consumed (tons) |
6.0 |
5.9 |
1.7 |
Dakota Coal Company operating highlights
|
Revenue in millions |
2009 |
2008 |
% change |
|
Coal sales |
$ 191.9 |
$ 174.3 |
10.1 |
|
Lime sales |
11.1 |
11.4 |
(2.6) |
|
Interest and other |
6.7 |
6.3 |
6.3 |
|
Total |
$ 209.7 |
$ 192.0 |
15.4 |
|
Sales in tons |
|
|
|
|
Coal (in millions) |
15.1 |
14.7 |
2.7 |
|
Lime (in thousands) |
135.7 |
158.6 |
(14.4) |
To download the 2009 Annual Report and quarterly financial reports, go the Financial Report page.
Headquarters
1717 East Interstate Avenue
Bismarck, ND 58503-0564 USA
Phone: 701.223.0441
