#99 of 500 · Member & Benefit Funds

Central Electric Power Cooperative Inc

EIN 57-0299350 · SC · NTEE n/a · Form 990, fiscal 2023

A not-for-profit wholesale electric generation and transmission cooperative owned by the state's independent, consumer-owned electric distribution cooperatives. Established in 1948, it provides reliable, cost-effective wholesale power supply and transmission services to its member distribution cooperatives, which collectively serve hundreds of thousands of meters and more than two million residents across much of South Carolina. It also supports sustainable energy and economic development initiatives.

Financials, fiscal 2023

Revenue

$1.49B

Expenses

$1.49B

Total assets

$579.8M

Net assets

$88.1M

Operating margin

-0.0%

1-year growth

2.4%

5-year growth (CAGR)

1.5%

Reserve (years of spending)

0.7

Contributions share

n/a

Programme spending

100.0%

Fundraising cost

n/a

Executive pay share

0.26%

Employees

64

Revenue per employee

$23.3M

Grants paid

$9.0M

Years filing

69

NFP Health Score: 57 / 100

Financial 32 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

Central exists solely for the benefit of its members. Central will provide a reliable, long-term, and stable supply of power which accommodates growth, at the lowest possible cost consistent with good utility practice, and will provide for reliable delivery of power when and where desired, consistent with applicable guidelines.

Revenue history