The cooperative exists solely to serve its membership and strives to be their trusted energy advisor. We are servants, above all else.
The membership of the cooperative looks to Middle Tennessee Electric to provide more than just electricity; they look to the cooperative to provide energy efficient solutions while being good stewards of their money.
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Students are selected based on participation in 4-H electric demonstrations to attend the camp at UT - Knoxville to learn about electricity and electrical safety. More information at mtemc.com/4-H-Electric-Camp.
Students participate in local 4-H electric contests sponsored by the cooperative and give a demonstration about some phase of electrical use in the home. More information at mtemc.com/4-H-Electric-Project.
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 go to More information at mtemc.com/Education.
An educational initiative to encourage environmental awareness and the importance of planting the right tree in the right place. More information at mtemc.com/Tree-Wise.
High school juniors are encouraged to write an original paper about rural electric cooperatives with winners awarded an all-expense paid, weeklong trip to our nation's capitol and an opportunity to win a scholarship. More information at mtemc.com/Washington-Youth-Tour.
High school juniors are recommended by their school counselor based on leadership qualities and community activities to learn more about state legislature by attending an all-expense paid, three day conference in Nashville. More information at mtemc.com/Youth-Leadership-Summit.
The EnergyRight Solutions for Youth (ERSY) program was developed specifically as an educational outreach service for educators with lesson plans designed for public, private, STEM and home schools as well as community groups. For more information go to mtemc.com/Energy-Right-Solutions-Youth.
eScore is a residential energy efficiency service that provides single-family homeowners with a clear path to make their home a 10 – it's most energy efficient. The service also increases home comfort and saves you money. eScore allows homeowners to work toward a score of 10 for their home at their own pace, earning rebates on qualified energy efficiency upgrades and re-engaging with the service as many times as needed to achieve their home’s best possible energy performance. All eligible incentives are applied as a credit to your electric bill. More information at mtemc.com/eScore.
Green Power Switch is a renewable energy initiative offering consumers in the Tennessee Valley a choice in the type power they buy. TVA and local public power companies, working with environmental community, developed the program to bring green power — electricity generated by cleaner, renewable resources such as solar, wind and methane gases — to Valley consumers. More information at mtemc.com/RenewableEnergy.
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. More information at mtemc.com/myBusiness.
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 - 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. More information can be found at mtemc.com/RenewableEnergy.
The New Homes Program was redesigned by TVA and local power companies, like MTEMC, to offer a suite of new HVAC and water heating equipment incentives. Incentives are available for all-electric homes, as well as homes that have gas appliances in them. The incentives are offered for both single family homes and duplexes.
Annual Financial Report |
|||||
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Condensed Balance Sheet | |||||
| Assets | |||||
| Utility Plant | $690,889,318 | $657,049,083 | |||
| Less accumulated depreciation | (246,024,287) | (232,089,004) | |||
| 444,865,031 | 424,960,079 | ||||
| Investments and Special Funds | 8,676,975 | 8,588,997 | |||
| Current Assets | |||||
| Cash and Cash Equivalents | 74,067,193 | 73,292,274 | |||
| Accounts Receivable | 37,593,110 | 38,487,210 | |||
| Accrued Utility Revenue | 18,492,890 | 21,884,397 | |||
| Materials and Supplies | 3,751,378 | 4,496,860 | |||
| Other Current Assets | 3,917,113 | 3,844,400 | |||
| 137,821,684 | 142,005,141 | ||||
| Deferred Debits | 16,536,747 | 18,024,432 | |||
| Total Assets | $607,900,437 | $593,578,649 | |||
| Equities and Liabilities | |||||
| Equities | $416,007,194 | $398,507,504 | |||
| Long-Term Debt and Other Long-Term Liabilities | 115,336,932 | 112,005,000 | |||
| Current Liabilities | |||||
| Current Maturities of Long-Term Debt | 5,663,737 | 5,432,454 | |||
| Accounts Payable | 47,143,864 | 49,526,398 | |||
| Consumer Deposits | 14,093,544 | 13,004,978 | |||
| Accrued Expenses and Other Current Liabilities | 9,655,166 | 10,368,700 | |||
| 76,556,311 | 78,332,530 | ||||
| Deferred Credits | - | 4,733,615 | |||
| Total Equities and Liabilities | $607,900,437 | $593,578,649 | |||
| Condensed Statement of Revenue and Expense | |||||
| Operating Revenue | $579,417,157 | $543,855,839 | |||
| Operating Expenses | |||||
| Purchased Power | 465,392,372 | 434,256,349 | |||
| Distribution Operations | 22,890,011 | 23,860,621 | |||
| Distribution Maintenance | 17,664,025 | 17,022,039 | |||
| Consumer Accounts | 16,517,450 | 18,764,716 | |||
| Consumer Information/Sales | 1,202,157 | 1,133,509 | |||
| Administrative and General | 12,613,137 | 13,305,634 | |||
| Depreciation | 25,676,126 | 24,012,946 | |||
| 561,955,278 | 532,597,677 | ||||
| Operating Margins | 17,461,879 | 11,258,162 | |||
| Interest Expense | (2,518,269) | (2,680,386) | |||
| Nonoperating Income | 1,588,180 | 1,478,003 | |||
| Net Margins | $16,531,790 | $10,055,779 | |||
|
Statistical Report |
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| 2017 | 2016 | 2015 | 2014 | ||
| Statistical Information | |||||
| Total Electric Sales Revenue | $567,558,994 | $532,808,731 | $547,468,724 | $540,342,184 | |
| Megawatt Hours Used by All Members | 5,813,887 | 5,653,766 | 5,757,506 | 5,675,719 | |
| Number of Accounts Billed | 219,286 | 212,919 | 206,428 | 200,511 | |
| Average Cost per kWh to Member | 9.76 cents | 9.42 cents | 9.49 cents | 9.48 cents | |
| Average Monthly Residential Electric Bill | $140.53 | $133.71 | $143.73 | $147.37 | |
| Cost of Power Purchased | $465,392,372 | $434,256,349 | $451,830,815 | $440,257,233 | |
| Megawatt Hours Purchased by MTEMC | 5,975,298 | 5,810,733 | 5,961,563 | 5,832,512 | |
| System Electrical Demand in Megawatts | 1,304 | 1,301 | 1,410 | 1,432 | |
| Average Cost per kWh Purchased Power | 7.79 cents | 7.47 cents | 7.58 cents | 7.55 cents | |
| Total Miles of Energized Line | 11,445 | 10,977 | 10,810 | 10,682 | |
| Provided financial information is the unaudited information for FY2016. | |||||
