DEMEC Publishes 2020 Annual Report & Financial Statements
In accordance with corporate by-laws, DEMEC released its 2020 audited Annual Financial Statements to its Board of Directors on March 31, 2021. “We survived and thrived despite the world-wide pandemic,” Pat McCullar, DEMEC President & CEO stated, “Public Power is a strong business model with staying power that provides great value to its member municipal electric utilities.”
DEMEC continues to support renewable energy, expand demand response resources, and increase the impact of energy efficiency to reduce our carbon footprint. Since 2018, our energy efficiency program has saved customers over 5 million kilowatt hours of energy, equal to 648 homes’ electricity use for an entire year. Through prudent investments and strategic market purchases DEMEC has reduced wholesale rates by 26% and reinvested $76.7 million back into our member communities over the past ten years.
Click on the image below to view the 2020 Annual Report.