Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Our depreciation rates were as follows:

	Depreciation Rates
Generating Facility	2021			2020			2019
Wildcat Point		3.1	%		3.1	%		3.1	%
North Anna		3.3			3.3			3.3
Clover		1.9			1.9			1.9
Louisa		3.1			3.1			3.1
Marsh Run		3.0			3.0			3.0

Schedule Of Operating Revenue

Our operating revenues for the past three years were as follows:

	Year Ended December 31,
	2021		2020		2019
	(in thousands)
Revenues from sales to:
Member distribution cooperatives
Energy revenues	$	328,045	$	375,714	$	471,767
Renewable energy credits		36		33		26
Demand revenues		398,819		395,067		426,678
Total revenues from sales to member distribution cooperatives		726,900		770,814		898,471
Non-members
Energy revenues		45,255		31,431		29,483
Renewable energy credits		8,485		5,438		4,672
Demand revenues		—		21		56
Total revenues from sales to non-members		53,740		36,890		34,211
Total operating revenues	$	780,640	$	807,704	$	932,682

Schedule Of Reduction In Revenues Utilizing Margin Stabilization

The following table details the reduction in revenues utilizing Margin Stabilization for the past three years:

	Year Ended December 31,
	2021	2020	2019
	(in thousands)
Margin Stabilization adjustment	$11,614	$13,227	$7,175

Schedule Of Rate Changes Implemented To Address Under- And Over-Collection Of Energy Costs

The following table summarizes the changes to our total energy rate since 2019, which were implemented to address the differences in our realized as well as projected energy costs:

Effective Date of Total Energy Rate Change		% Change
January 1, 2019		(1.3)
January 1, 2020		(16.2)
January 1, 2021		(15.9)
January 1, 2022		20.3