Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRICITY

total $472,401,066 · related or exempt $472,401,066

2b · Program service revenue: SERVICE CHARGE INCOME

total $4,259,440 · related or exempt $4,259,440

2c · Program service revenue: POLE RENTAL

total $3,319,092 · excluded $3,319,092

2d · Program service revenue: CAPITAL CREDITS - OTHER

total $2,344,013 · excluded $2,344,013

3 · Investment income

total $175,208 · excluded $175,208

6a · Gross rents

personal property $52,043

6b · Less rental expenses

personal property $21,590

6c · Rental income or loss

personal property $30,453

6d · Net rental income or loss

total $30,453 · unrelated business $30,453

7a · Gross sales of assets other than inventory

other assets $582,204

7b · Less cost or other basis and sales expenses

other assets $123,091

7c · Gain or loss

other assets $459,113

7d · Net gain or loss

total $459,113 · related or exempt $459,113

1 · Grants to domestic organizations and governments

total $2,500

2 · Grants to domestic individuals

total $21,000

4 · Benefits paid to or for members

total $4,191,224

5 · Compensation of officers, directors and key employees

total $5,334,521

6 · Compensation of disqualified persons

total $134,614

7 · Other salaries and wages

total $1,502,829

20 · Interest

total $22,327,184

22 · Depreciation, depletion and amortization

total $32,692,466

24a · Other expenses: PURCHASED POWER

total $301,718,422

24b · Other expenses: DISTR EXPENSE - MAINT

total $44,978,230

24c · Other expenses: ADMIN. GEN. AND OTHER

total $20,915,051

24d · Other expenses: DISTR EXPENSE - OPERAT

total $19,710,478

24e · All other expenses

total $18,939,809

1 · Cash, non-interest-bearing

beginning of year $2,311,450 · end of year $2,062,037

4 · Accounts receivable

beginning of year $70,825,677 · end of year $36,865,764

8 · Inventories for sale or use

beginning of year $65,544,818 · end of year $74,949,474

9 · Prepaid expenses and deferred charges

beginning of year $2,706,502 · end of year $4,332,618

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

$1,215,290,685

10b · Land, buildings and equipment: accumulated depreciation

$243,316,543

10c · Land, buildings and equipment, net

beginning of year $864,995,959 · end of year $971,974,142

13 · Investments: program-related

beginning of year $119,751,729 · end of year $133,097,604

17 · Accounts payable and accrued expenses

beginning of year $102,156,730 · end of year $94,334,207

23 · Secured mortgages and notes payable

beginning of year $623,817,002 · end of year $608,377,118

24 · Unsecured notes and loans payable

beginning of year $13,484,074 · end of year $97,583,945

25 · Other liabilities

beginning of year $43,555,185 · end of year $56,048,784

29 · Capital stock, trust principal or current funds

beginning of year $1,027,705 · end of year $1,068,175

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

beginning of year $7,123,362 · end of year $8,287,225

31 · Retained earnings, endowment or other funds

beginning of year $334,972,077 · end of year $357,582,185