Form 990 for tax year 2022

1f · All other contributions, gifts and grants

$59,679

2a · Program service revenue: SALE OF ELECTRICITY

total $528,468,741 · related or exempt $528,468,741

2b · Program service revenue: SERVICE CHARGE INCOME

total $4,088,054 · related or exempt $4,088,054

2c · Program service revenue: POLE RENTAL

total $3,115,167 · excluded $3,115,167

2d · Program service revenue: CAPITAL CREDITS - OTHER

total $1,205,919 · excluded $1,205,919

3 · Investment income

total $248,279 · excluded $248,279

6a · Gross rents

personal property $51,226

6b · Less rental expenses

personal property $17,601

6c · Rental income or loss

personal property $33,625

6d · Net rental income or loss

total $33,625 · unrelated business $33,625

7a · Gross sales of assets other than inventory

other assets $182,836

7b · Less cost or other basis and sales expenses

other assets $13,173

7c · Gain or loss

other assets $169,663

7d · Net gain or loss

total $169,663 · related or exempt $169,663

10a · Gross sales of inventory

$351

10c · Net income from sales of inventory

total $351 · excluded $351

1 · Grants to domestic organizations and governments

total $65,500

2 · Grants to domestic individuals

total $27,000

4 · Benefits paid to or for members

total $5,076,369

5 · Compensation of officers, directors and key employees

total $5,384,019

7 · Other salaries and wages

total $1,614,320

20 · Interest

total $17,430,729

22 · Depreciation, depletion and amortization

total $30,716,920

24a · Other expenses: PURCHASED POWER

total $362,879,347

24b · Other expenses: DISTR EXPENSE - MAINT

total $49,345,798

24c · Other expenses: DISTR EXPENSE - OPERAT

total $17,143,916

24d · Other expenses: CONSUMER ACCT/CUST SER

total $17,001,098

24e · All other expenses

total $19,571,091

1 · Cash, non-interest-bearing

beginning of year $1,936,442 · end of year $2,311,450

4 · Accounts receivable

beginning of year $29,390,516 · end of year $70,825,677

8 · Inventories for sale or use

beginning of year $30,158,476 · end of year $65,544,818

9 · Prepaid expenses and deferred charges

beginning of year $3,202,557 · end of year $2,706,502

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

$1,103,109,300

10b · Land, buildings and equipment: accumulated depreciation

$238,113,341

10c · Land, buildings and equipment, net

beginning of year $787,662,004 · end of year $864,995,959

13 · Investments: program-related

beginning of year $110,235,578 · end of year $119,751,729

17 · Accounts payable and accrued expenses

beginning of year $31,399,577 · end of year $102,156,730

23 · Secured mortgages and notes payable

beginning of year $573,846,110 · end of year $623,817,002

24 · Unsecured notes and loans payable

end of year $13,484,074

25 · Other liabilities

beginning of year $35,088,296 · end of year $43,555,185

29 · Capital stock, trust principal or current funds

beginning of year $993,100 · end of year $1,027,705

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

beginning of year $6,883,297 · end of year $7,123,362

31 · Retained earnings, endowment or other funds

beginning of year $314,375,193 · end of year $334,972,077