For Release: May 03, 2012
Contact: Brad Captain, Vice President, Corporate Communications
DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU, NRC) has reported preliminary findings from its annual Key Ratio Trend Analysis (KRTA), based on 2011 operational results from a segment of electric distribution cooperatives. National figures represent each ratio’s median.
“The preliminary numbers represent the majority of America’s electric distribution co-ops,” said Rich Larochelle, CFC senior vice president, Corporate Relations. “These numbers show that although growth has slowed, co-op management and boards of directors have maintained strong coverage ratios.”
Preliminary KRTA data are based on information submitted by 669 electric cooperatives for the year ending December 31, 2011, as compared with 2010 KRTA results from the same group of cooperatives. Key points include:
The final KRTA report, which will include data from approximately 820 electric distribution cooperatives, will be available by mid-summer.
The National Rural Utilities Cooperative Finance Corporation (CFC) is a nonprofit finance cooperative created and owned by America’s electric cooperative network. With approximately $21 billion in assets, CFC is committed to providing unparalleled industry expertise, flexibility and responsiveness to serve the needs of its member-owners.
CFC developed the KRTA in 1975 to provide electric cooperative managers and board members a complete picture of their system’s financial performance and to help them analyze results compared with medians from other electric cooperatives. Medians are used as opposed to averages, which can be skewed by extreme responses. The KRTA is based on unaudited data reported by electric distribution cooperatives.