NRUC - CFC's 2023 Key Ratio Trend Analysis Results Continue To Demonstrate Cooperatives' Resiliency | Benzinga
DULLES, Va., June 27, 2024 (GLOBE NEWSWIRE) -- The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed the final data from its 2023 Key Ratio Trend Analysis (KRTA) report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show that, despite a high interest rate environment, electric cooperatives continued their consumer and utility plant growth and have maintained strong financial metrics, including improved margins. This underscores their sustained financial health and operational efficiency.
"Rural electric cooperatives' disciplined management has enabled the network to be resilient in the face of elevated interest rates, moderating supply chain disruptions, inflation and power costs, while maintaining their focus on providing affordable, reliable and sustainable power in their local communities," CFC Senior Vice President and Chief Corporate Affairs Officer Brad Captain said.
After peaking at 1% in 2022, consumer growth tapered to 0.89% last year, with approximately ...