Form 990 for tax year 2025

2a · Program service revenue: SALE OF ELECTRICITY

total $316,346,180 · related or exempt $316,346,180

3 · Investment income

total $3,590,656 · excluded $3,590,656

6a · Gross rents

real property $618,931

6c · Rental income or loss

real property $618,931

6d · Net rental income or loss

total $618,931 · excluded $618,931

7a · Gross sales of assets other than inventory

other assets $344,425

7b · Less cost or other basis and sales expenses

other assets $416,025

7c · Gain or loss

other assets -$71,600

7d · Net gain or loss

total -$71,600 · excluded -$71,600

1 · Grants to domestic organizations and governments

total $40,600

4 · Benefits paid to or for members

total $16,625,698

5 · Compensation of officers, directors and key employees

total $1,830,615

7 · Other salaries and wages

total $16,253,807

8 · Pension plan contributions

total $4,781,940

9 · Other employee benefits

total $5,594,726

10 · Payroll taxes

total $1,333,076

11b · Fees: legal

total $648,836

11c · Fees: accounting

total $58,028

11g · Fees: other

total $163,088

17 · Travel

total $217,798

20 · Interest

total $8,300,749

22 · Depreciation, depletion and amortization

total $25,068,292

24a · Other expenses: COST OF POWER

total $216,896,716

24b · Other expenses: TRANSMISSION AND DISTRIBU

total $7,595,013

24c · Other expenses: TAXES

total $6,244,009

24d · Other expenses: EQUIPMENT RENT & MAINT. E

total $5,433,839

24e · All other expenses

total $2,904,954

1 · Cash, non-interest-bearing

beginning of year $5,150 · end of year $5,150

2 · Savings and temporary cash investments

beginning of year $2,866,809 · end of year $10,661,428

4 · Accounts receivable

beginning of year $18,980,618 · end of year $16,651,668

8 · Inventories for sale or use

beginning of year $8,638,531 · end of year $8,398,864

9 · Prepaid expenses and deferred charges

beginning of year $1,538,147 · end of year $1,277,477

10a · Land, buildings and equipment: cost or other basis

$728,364,242

10b · Land, buildings and equipment: accumulated depreciation

$223,270,758

10c · Land, buildings and equipment, net

beginning of year $491,365,679 · end of year $505,093,484

12 · Investments: other securities

beginning of year $7,883,906 · end of year $10,315,006

15 · Other assets

beginning of year $24,543,399 · end of year $19,745,530

17 · Accounts payable and accrued expenses

beginning of year $25,300,499 · end of year $23,794,476

23 · Secured mortgages and notes payable

beginning of year $226,495,715 · end of year $225,013,069

25 · Other liabilities

beginning of year $20,533,110 · end of year $23,269,628

29 · Capital stock, trust principal or current funds

beginning of year $413,375 · end of year $421,245

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $196,940 · end of year $196,940

31 · Retained earnings, endowment or other funds

beginning of year $282,882,600 · end of year $299,453,249