ODEC

What ODEC does

Old Dominion Electric Cooperative (ODEC) is a not-for-profit Generation and Transmission (G&T) cooperative founded in 1949 and headquartered in Glen Allen, Virginia. ODEC generates and transmits electricity exclusively for 11 member-owned electric distribution cooperatives that together serve roughly 1.5 million people, 600,000 meters, and 59,000 miles of distribution line across 70 counties in Virginia, Maryland, and Delaware. As a G&T cooperative, ODEC sits at the wholesale tier of the electricity value chain; its customers are its owners, and pricing is set on a cost-of-service basis with surpluses returned through equitable rates rather than distributed to external shareholders.

ODEC's core technology is a diversified owned-and-contracted generation portfolio: baseload power plants (Wildcat Point combined-cycle natural gas facility, Clover Power Station, North Anna Power Station), peaking facilities (Louisa, Marsh Run), a 30 MWac distributed solar portfolio with EDF Renewables (22.5 MW in construction as of October 2022), a 5 MW / 20 MWh Battery Energy Storage System targeted for Colonial Beach, Virginia by December 2028, and a 600 MW long-term PPA for the Wolf Summit Generating Station in West Virginia signed in July 2025. Combined-cycle assets run at above 60% efficiency, and more than 80% of ODEC's capacity obligation is met with owned generation. Hedging strategies, PJM market participation, and demand-side programs (smart thermostats, Manufactured Homes Energy Efficiency, the Electric Cooperative Marketplace launched February 2026) round out the offering.

The business model is B2B cooperative wholesale power supply, not retail. ODEC carries investment-grade ratings (Moody's A1, S&P A+, Fitch A+) and files SEC Forms 10-K and 10-Q due to registered debt securities, but is not publicly traded. Member-owned governance, a 2050 net-zero CO2 commitment, and active regulatory engagement (e.g., the FERC Indian River complaint) define how ODEC balances reliability, affordability, and decarbonization for its member-consumers.

Name

ODEC

Legal name

Old Dominion Electric Cooperative

Website

https://odec.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

51–100 employees

Short description

Old Dominion Electric Cooperative (ODEC) is a not-for-profit Generation and Transmission cooperative that generates and transmits wholesale electricity for 11 member-owned distribution cooperatives serving 1.5 million people across Virginia, Maryland, and Delaware.

Ownership category

akta.pro rank

Product category

Electric Power Generation and Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industry

Utility-Integrated Distributed Energy Resources (DER) & Non-Wires Alternatives (EUACALAF)

Keywords

• Electric generation transmission
• Power generation cooperative
• Electricity wholesale supply
• Renewable energy portfolio
• Battery energy storage

Headquarters

HQ city

Glen Allen

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Electric Power Generation and Transmission: ODEC generates and transmits electricity exclusively for its 11 member distribution cooperatives. As a not-for-profit cooperative, any revenues beyond operating costs are returned to members through equitable rates. ODEC covers more than 80% of its capacity obligation with owned generation and further mitigates exposure by purchasing power in advance at advantageous prices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ODEC is a Generation and Transmission (G&T) cooperative that generates and transmits wholesale electricity exclusively for its 11 member-owned electric distribution cooperatives across Virginia, Maryland, and Delaware. The cooperative owns and operates baseload plants (Wildcat Point, Clover, North Anna), peaking facilities (Louisa, Marsh Run), and a growing portfolio of renewable and battery storage assets, covering more than 80% of its capacity obligation with owned generation.

Product overview

ODEC operates as a not-for-profit Generation and Transmission Cooperative providing a vertically integrated suite of electricity services. The core offering consists of baseload power plants (Wildcat Point, Clover, North Anna) and peaking facilities (Louisa, Marsh Run) that generate and transmit power to 11 member distribution cooperatives. Supporting this core generation fleet, ODEC offers renewable energy portfolios through EDF Renewables partnerships, a Battery Energy Storage System RFP for grid flexibility, demand response programs with smart thermostat offerings, the Electric Cooperative Marketplace for energy-efficient products, and hedging strategies for cost management. Together, these products enable ODEC to deliver reliable, affordable, and responsible electricity across Virginia, Maryland, and Delaware.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Generation and Transmission Services Wholesale electricity generation and transmission services delivered to ODEC's 11 member-owned electric distribution cooperatives across Virginia, Maryland, and Delaware, providing baseload and peak power plus high-voltage transmission support.
• Baseload Power Generation Around-the-clock baseload electricity generation from owned facilities including the Wildcat Point Generation Facility (combined-cycle natural gas), Clover Power Station, and North Anna Power Station, delivered to member distribution cooperatives.
• Peaking Power Generation Quick-start peaking power generation from owned facilities including Louisa Generation Facility and Marsh Run Generation Facility, used to meet short periods of high demand and maintain grid reliability.
• Renewable Energy Portfolio Distributed solar generation portfolio developed in partnership with EDF Renewables, supplying renewable energy to member cooperatives across ODEC's Mid-Atlantic service territory in support of the cooperative's net-zero CO2 emissions goal by 2050.
• Electric Cooperative Marketplace Online marketplace that lets member-consumers of ODEC's distribution cooperatives purchase energy-efficient products with instant, automated cooperative discounts, supporting energy savings and demand management at the retail level.
• Demand Response Programs

Quantifiable outcome

• Covers more than 80% of capacity obligation with owned generation
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Not-for-Profit Member Distribution CooperativescoreChannel Partner/ Reseller/ Distributor · 2 February 2026Launched Electric Cooperative Marketplace, an online platform allowing member-consumers to purchase energy-efficient products with instant, automated cooperative discounts. Joint initiative to deliver power savings solutions and long-term affordability.
• FLIPP, Inc.minorStrategic or Co-development Partner · 15 January 2026Virginia-based nonprofit specializing in workforce development for energy audit and weatherization skilled labor. Awarded $25,000 grant from Microsoft's Datacenter Community Affairs team to support energy audit training in Southern Virginia, advancing ODEC's Manufactured Homes Energy Efficiency Program.
• Microsoft Datacenter Community AffairsminorGTM or Marketing Partner · 15 January 2026Microsoft's Datacenter Community Affairs team provided a $25,000 grant through FLIPP, Inc. to support hands-on energy audit training programs that directly align with ODEC's efforts to deliver no-cost energy-saving upgrades to manufactured and mobile homes.
• EDF Renewables North AmericacoreStrategic or Co-development Partner · 19 October 2022Partnership to develop and build 30 MWac portfolio of distributed solar projects across ODEC member service territories in Virginia, Maryland, and Delaware. In October 2022, construction began on 22.5 MW of local solar projects representing the first phase of projects.
• PJM InterconnectioncoreTechnology or IntegrationRegional transmission organization coordinating power generation and movement across 13 states and Washington, D.C. ODEC operates within PJM's territory and participates in capacity auctions and grid coordination.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/odec
• LinkedInlinkedin.com/company/old-dominion-electric-cooperative

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ODEC