We continue to build on our commitment to our members of delivering a great value while we continue to grow. We are focused on becoming the trusted energy advisor in Middle Tennessee.
For 80 years, MTEMC has grown from a small electric distribution cooperative to one of the largest in the nation, and it’s due to the hard work of the employees and the active participation of the membership. There is a bright future ahead for the membership and the cooperative.
In a four-day camp on the University of Tennessee-Knoxville campus, more than 200 students participate in hands-on learning, computer training, building projects and other camp activities. The camp is a joint effort between Tennessee’s 23 rural electric cooperatives and the UT Agricultural Extension Service. In addition to the camp sponsorship, each year counties within the cooperative service area name winners who participate in the district, state and national 4-H Electric Project competition.
Throughout the year, the cooperative offers programs on electrical safety and how electricity is used to audiences of all ages. For more information about MTEMC presentations, please call 615-494-1065.
Each July, ten students from the MTEMC service area are awarded $2,000 scholarships to attend two- or four-year accredited colleges or trade schools. The scholarships, established through MTEMC’s SharingChange program, are based on financial need, GPA, a written essay, and community service and leadership.
Each spring, MTEMC brings an educational initiative to area students that is entirely focused on trees. Students participate in classroom activities and discussions on how to transport, plant and care for trees (as well as their importance to the environment).
Each year, high school juniors from MTEMC’s service area write an original essay about rural cooperatives to compete for school, county, area and statewide prizes. In June, winning students from MTEMC’s service area receive an all-expenses-paid trip to Washington, D.C., to participate with other finalists from around the nation.
Two students from each of the 23 rural electric cooperatives in Tennessee receive an all-expenses-paid trip to the three-day summit in Nashville. Participation in the summit includes visits to the Legislative Plaza, the state Senate and House of Representatives, and a tour of the Capitol, in addition to leadership development and cooperative learning sessions.
MTEMC offers an easy way for members to learn how to increase energy efficiency and save money - energy evaluations. Members can get started by going online to mtemc.com for a quick online energy evaluation that reveals how each home uses - and loses - energy.
This program brings green power to the MTEMC service area, making a difference in the amount and type of energy used. Residential, commercial and industrial members can purchase 150 kilowatt-hour blocks for $4 a block, with no limit on the amount of blocks purchased. It’s an investment in power generated by cleaner sources - and just two blocks of energy purchased each month is the equivalent of planting an acre of trees in the Tennessee Valley.
MTEMC’s energy efficiency plan for new homes - Energy Right Certified Platinum - gives members cash-back incentives for building more efficient homes. Homes must include proper insulation, an energy- efficient heating and cooling system, high- performance windows and Energy Star® rated appliances. Homeowners must work with a trained inspector who will do a final review of the home before certification is met. Members can contact their district Energy Services Coordinator for more information on the program.
Members can reap extra money-saving benefits by committing to energy efficiency with MTEMC’s Green Homes Plus initiative, which rewards members who build their homes to be environmentally friendly.
Electricity is essential to the success of your business and using electricity efficiently saves you money while conserving natural resources and preserving our environment. Our EnergyRight® Solutions for Business program offers cash incentives for installing energy-saving equipment.
If your business has an electrical demand of 5,000 kW and less, you may qualify for this program. Find out more information regarding the program and access its applications at EnergyRight® Solutions, How To Get Started.
Middle Tennessee Electric partners with the Tennessee Valley Authority to offer its members renewable energy options. Currently, the cooperative has systems that range in design capacity from 1.8 kilowatts to 1 megawatts ญญ- totaling more than 5 megawatts of distributed renewable generation on the system. Renewable energy projects include those that generate electricity through solar, wind and other resources.
Annual Financial Report
|Condensed Balance Sheet|
|Less accumulated depreciation||(232,089,004)||(226,013,027)|
|Investments and Special Funds||8,588,997||6,729,665|
|Cash and Cash Equivalents||73,292,274||91,095,333|
|Accrued Utility Revenue||21,884,397||25,390,858|
|Materials and Supplies||4,496,860||3,158,547|
|Other Current Assets||3,844,400||3,593,935|
|Equities and Liabilities|
|Long-Term Debt and Other Long-Term Liabilities||112,005,000||114,480,050|
|Current Maturities of Long-Term Debt||5,432,454||5,205,919|
|Accrued Expenses and Other Current Liabilities||10,368,700||10,293,472|
|Total Equities and Liabilities||$593,578,649||$584,782,631|
|Condensed Statement of Revenue and Expense|
|Administrative and General||13,305,634||12,229,084|
|Total Electric Sales Revenue||$532,808,731||$547,468,724||$540,342,184||$514,430,391|
|Megawatt Hours Used by All Members||5,653,766||5,757,506||5,675,719||5,386,766|
|Number of Accounts Billed||212,919||206,428||200,511||194,770|
|Average Cost per kWh to Member||9.42 cents||9.49 cents||9.48 cents||9.57 cents|
|Average Monthly Residential Electric Bill||$133.71||$143.73||$147.37||$143.21|
|Cost of Power Purchased||$434,256,349||$451,830,815||$440,257,233||$414,206,693|
|Megawatt Hours Purchased by MTEMC||5,810,733||5,961,563||5,832,512||5,523,082|
|System Electrical Demand in Megawatts||1,301||1,410||1,432||1,278|
|Average Cost per kWh Purchased Power||7.47 cents||7.58 cents||7.55 cents||7.50 cents|
|Total Miles of Energized Line||10,977||10,810||10,682||10,562|
|Provided financial information is the unaudited information for FY2016.|