Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRICITY SALES

  total $342,541,371 · related or exempt $342,541,371

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $4,650,434 · related or exempt $4,650,434

• 2c · Program service revenue: SERVICE FEES

  total $1,479,523 · related or exempt $1,479,523

• 2d · Program service revenue: RENEWABLE ENERGY CERTIFICATE SALE

  total $1,364,086 · related or exempt $1,364,086

• 2e · Program service revenue: OTHER PROGRAM REVENUE

  total $125,208 · related or exempt $125,208

• 3 · Investment income

  total $2,568,235 · excluded $2,568,235

• 6a · Gross rents

  real property $12,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $12,000

• 6d · Net rental income or loss

  total $12,000 · excluded $12,000

• 7a · Gross sales of assets other than inventory

  other assets $202,815

• 7b · Less cost or other basis and sales expenses

  other assets $326,226

• 7c · Gain or loss

  other assets -$123,411

• 7d · Net gain or loss

  total -$123,411 · related or exempt -$123,411

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $1,112,960 · excluded $1,112,960

• 11b · Other revenue: MISCELLANEOUS NON-OPERATING INCOM

  total $25,000 · related or exempt $25,000

• 11e · Other revenue, total

  $1,137,960

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $558,501

• 4 · Benefits paid to or for members

  total $24,946,779

• 5 · Compensation of officers, directors and key employees

  total $5,664,245

• 7 · Other salaries and wages

  total $21,587,635

• 8 · Pension plan contributions

  total $3,071,212

• 9 · Other employee benefits

  total $4,972,935

• 10 · Payroll taxes

  total $1,703,706

• 20 · Interest

  total $39,291,352

• 22 · Depreciation, depletion and amortization

  total $47,970,974

• 24a · Other expenses: PURCHASED POWER

  total $103,759,136

• 24b · Other expenses: POWER PRODUCTION EXPENS

  total $33,814,169

• 24c · Other expenses: ADMINISTRATIVE & GENERA

  total $24,972,649

• 24d · Other expenses: DISTRIBUTION EXPENSE

  total $17,918,188

• 24e · All other expenses

  total $23,523,925

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,858,018 · end of year $23,680,509

• 2 · Savings and temporary cash investments

  end of year $14,001,913

• 4 · Accounts receivable

  beginning of year $19,113,207 · end of year $21,866,071

• 8 · Inventories for sale or use

  beginning of year $31,194,721 · end of year $33,137,901

• 9 · Prepaid expenses and deferred charges

  beginning of year $23,572,813 · end of year $19,577,284

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

  $1,663,581,836

• 10b · Land, buildings and equipment: accumulated depreciation

  $480,333,800

• 10c · Land, buildings and equipment, net

  beginning of year $1,113,825,978 · end of year $1,183,248,036

• 13 · Investments: program-related

  beginning of year $34,138,806 · end of year $36,290,063

• 15 · Other assets

  beginning of year $24,906,925 · end of year $19,922,746

• 17 · Accounts payable and accrued expenses

  beginning of year $61,163,085 · end of year $51,001,960

• 19 · Deferred revenue

  beginning of year $15,000,000 · end of year $22,500,000

• 23 · Secured mortgages and notes payable

  beginning of year $762,658,678 · end of year $841,652,877

• 25 · Other liabilities

  beginning of year $29,657,288 · end of year $39,256,515

• 29 · Capital stock, trust principal or current funds

  beginning of year $764,425 · end of year $764,425

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $381,366,992 · end of year $396,548,746

The filer's explanations (Part III)

PART II, COLUMN C:

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. JEFFERY BAUDIER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 82,896 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,200 TOTAL REPORTED IN COLUMN C $ 96,096 DIERDRE JONES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 98,420 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,200 TOTAL REPORTED IN COLUMN C $ 111,620 PAMELA FEUERSTEIN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 66,251 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,200 TOTAL REPORTED IN COLUMN C $ 79,451 KATHLEEN SOLANO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 84,548 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,143 TOTAL REPORTED IN COLUMN C $ 97,691 AMANDA LESHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,770 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,200 TOTAL REPORTED IN COLUMN C $ 55,970 MARK JURGEMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 52,363 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,637 TOTAL REPORTED IN COLUMN C $ 63,000 JEREMY CANNON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 45,380 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,520 TOTAL REPORTED IN COLUMN C $ 54,900 ALEX MENDEZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 55,138 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,497 TOTAL REPORTED IN COLUMN C $ 64,635 MARCY HUDSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,853 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,600 TOTAL REPORTED IN COLUMN C $ 51,453 ANDREW MINTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 36,525 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,750 TOTAL REPORTED IN COLUMN C $ 45,275 STEPHEN FIGUEROA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,512 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,810 TOTAL REPORTED IN COLUMN C $ 51,322 WADE PYNES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,767 TOTAL REPORTED IN COLUMN C $ 8,767 MATTHEW BASFORD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,002 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,373 TOTAL REPORTED IN COLUMN C $ 21,375 THOMAS TETRICK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 41,231 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,505 TOTAL REPORTED IN COLUMN C $ 45,736 MICHAEL MCCORKELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,888 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,924 TOTAL REPORTED IN COLUMN C $ 38,812 ROBERT DELANEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 41,476 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,220 TOTAL REPORTED IN COLUMN C $ 45,696 TOMASZ MAREK PAROL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,763 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,322 TOTAL REPORTED IN COLUMN C $ 35,085 CHRISTOPHEER HILDRED: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 23,483 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,211 TOTAL REPORTED IN COLUMN C $ 31,694