Form 990 for tax year 2022

2a · Program service revenue: SALES OF ELECTRICITY

total $349,276,370 · related or exempt $349,276,370

2b · Program service revenue: BROADBAND SALES

total $10,156,637 · related or exempt $10,156,637

2c · Program service revenue: PATRONAGE DIVIDENDS

total $1,299,972 · related or exempt $1,299,972

3 · Investment income

total $61,617 · excluded $61,617

5 · Royalties

total $34,899 · excluded $34,899

6a · Gross rents

real property $890,409

6c · Rental income or loss

real property $890,409

6d · Net rental income or loss

total $890,409 · excluded $890,409

7a · Gross sales of assets other than inventory

other assets $329,380

7c · Gain or loss

other assets $329,380

7d · Net gain or loss

total $329,380 · excluded $329,380

10a · Gross sales of inventory

$611,321

10b · Cost of goods sold

$900,516

10c · Net income from sales of inventory

total -$289,195 · unrelated business -$289,195

11a · Other revenue: DEBT SECURITIZATION PROCEEDS

total $3,863,396 · related or exempt $3,863,396

11e · Other revenue, total

$3,863,396

1 · Grants to domestic organizations and governments

total $67,609

4 · Benefits paid to or for members

total $19,604,506

5 · Compensation of officers, directors and key employees

total $5,348,015

7 · Other salaries and wages

total $12,537,834

9 · Other employee benefits

total $4,332,742

10 · Payroll taxes

total $1,148,999

12 · Advertising and promotion

total $2,401

20 · Interest

total $10,564,128

22 · Depreciation, depletion and amortization

total $24,713,923

24a · Other expenses: COST OF POWER

total $266,030,503

24b · Other expenses: DISTRIBUTION

total $9,347,603

24c · Other expenses: GENERAL & ADMINISTRATIVE

total $4,394,655

24d · Other expenses: BROADBAND - CONSUMER

total $2,310,006

24e · All other expenses

total $8,454,154

1 · Cash, non-interest-bearing

beginning of year $7,015,234 · end of year $52,085,035

2 · Savings and temporary cash investments

beginning of year $61,619 · end of year $87,248

4 · Accounts receivable

beginning of year $33,258,020 · end of year $42,441,978

8 · Inventories for sale or use

beginning of year $9,887,034 · end of year $15,624,815

9 · Prepaid expenses and deferred charges

beginning of year $1,267,446 · end of year $470,625

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

$715,498,271

10b · Land, buildings and equipment: accumulated depreciation

$158,097,502

10c · Land, buildings and equipment, net

beginning of year $460,224,245 · end of year $557,400,769

13 · Investments: program-related

beginning of year $122,389,882 · end of year $125,450,023

15 · Other assets

beginning of year $9,649,801 · end of year $456,604,528

17 · Accounts payable and accrued expenses

beginning of year $39,624,545 · end of year $86,162,967

23 · Secured mortgages and notes payable

beginning of year $311,380,329 · end of year $852,007,413

25 · Other liabilities

beginning of year $15,762,099 · end of year $15,340,865

29 · Capital stock, trust principal or current funds

beginning of year $139,135 · end of year $130,955

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

beginning of year $11,821,971 · end of year $11,198,049

31 · Retained earnings, endowment or other funds

beginning of year $265,025,202 · end of year $285,324,772