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.
2010 consolidated financial highlights
| For the year ended Dec. 31 (in millions) | 2010 | 2009 | % change |
| Total utility and nonutility revenue | $ 1,568.7 | $ 1,422.2 | 10.3 |
| Total expenses | 1,559.9 | 1,356.8 | 15.0 |
| Net margin and earnings | $ 8.8 | $ 16.4 | (85.5) |
| As of Dec. 31 (in millions) | |||
| Net electric plant and nonutility property | $ 4,248.3 | $ 3,483.2 | 22.0 |
| Total assets | $ 5,284.5 | $ 4,695.4 | 12.5 |
| Long-term debt | $ 2,551.9 | $ 2,269.3 | 12.5 |
| Equity | $ 928.7 | $ 923.8 | 0.5 |
Electric operating highlights
|
Energy sales in millions of megawatt hours |
2010 |
2009 |
% change |
|
To Class A and Class D members |
16.5 |
15.0 |
10.0 |
|
To others |
6.0 |
5.8 |
3.4 |
|
Total |
22.5 |
20.8 |
8.2 |
|
Coal consumed in millions of tons |
|||
|
Wyoming sub-bituminous |
7.9 |
7.5 |
5.3 |
|
North Dakota lignite |
8.4 |
8.9 |
(5.6) |
|
Total |
16.3 |
16.4 |
(0.6) |
|
Forced-outage rate (5-year average) |
3.49% |
3.47% |
0.6 |
|
Industry average (five-year-average) |
6.03% |
5.38% |
12.1 |
Dakota Gasification Company operating highlights
| Revenue in millions | 2010 | 2009 | % change |
| Synthetic gas | $ 279.1 | $ 264.7 | 5.4 |
| Byproducts, coproducts and other | 168.0 | 154.5 | 8.7 |
| Interest and miscellaneous | 3.4 | 6.9 | (50.7) |
| Total | $ 450.5 |
$ 426.1 | 5.7 |
| Synthetic gas sold (dekatherms) | 51.7 | 51.7 | - |
| Coal consumed (tons) | 6.2 | 6.0 | 3.3 |
Dakota Coal Company operating highlights
|
Revenue in millions |
2010 |
2009 |
% change |
|
Coal sales |
$ 196.1 |
$ 191.9 |
2.3 |
|
Lime sales |
11.8 |
11.1 |
6.3 |
| Limestone sales | 3.9 | (11.4) | |
|
Interest and other |
4.7 |
6.7 |
104.3 |
|
Total |
$ 216.5 |
$ 209.7 |
3.2 |
|
Sales in tons |
|
|
|
|
Coal (in millions) |
14.6 |
15.1 |
(3.3) |
|
Lime (in thousands) |
134.4 |
135.7 |
(1.0) |
2010 Annual Report
To download the 2010 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
Basin Electric Power Cooperative will provide cost-effective wholesale energy along with products and services that support and unite rural America.
