Form 990 for tax year 2024

2a · Program service revenue: POWER SALES

total $282,552,770 · related or exempt $282,552,770

3 · Investment income

total $1,555,117 · excluded $1,555,117

7a · Gross sales of assets other than inventory

securities $5,104,896

7b · Less cost or other basis and sales expenses

securities $5,324,642

7c · Gain or loss

securities -$219,746

7d · Net gain or loss

total -$219,746 · excluded -$219,746

5 · Compensation of officers, directors and key employees

total $1,839,685

7 · Other salaries and wages

total $2,275,913

8 · Pension plan contributions

total $544,161

9 · Other employee benefits

total $408,543

10 · Payroll taxes

total $260,878

11b · Fees: legal

total $424,392

11c · Fees: accounting

total $65,921

11d · Fees: lobbying

total $107,006

11g · Fees: other

total $971,771

13 · Office expenses

total $330,057

14 · Information technology

total $309,631

16 · Occupancy

total $183,750

19 · Conferences, conventions and meetings

total $253,142

20 · Interest

total $31,551

22 · Depreciation, depletion and amortization

total $611,873

23 · Insurance

total $260,925

24a · Other expenses: PURCHASED POWER

total $235,469,721

24b · Other expenses: TRANSMISSION EXPENSE

total $33,597,800

24c · Other expenses: OPG EXPENSES

total $1,659,773

24d · Other expenses: ASSOCIATION DUES

total $519,852

24e · All other expenses

total $144

1 · Cash, non-interest-bearing

beginning of year $182,398 · end of year $697,427

2 · Savings and temporary cash investments

beginning of year $15,613,775 · end of year $17,293,085

4 · Accounts receivable

beginning of year $15,977,493 · end of year $21,523,898

8 · Inventories for sale or use

beginning of year $21,743 · end of year $19,128

9 · Prepaid expenses and deferred charges

beginning of year $301,103 · end of year $346,045

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

$12,075,450

10b · Land, buildings and equipment: accumulated depreciation

$6,157,497

10c · Land, buildings and equipment, net

beginning of year $6,061,739 · end of year $5,917,953

12 · Investments: other securities

beginning of year $20,403,945 · end of year $20,294,202

13 · Investments: program-related

beginning of year $74,199 · end of year $66,399

14 · Intangible assets

beginning of year $10,000 · end of year $10,000

15 · Other assets

beginning of year $607,526 · end of year $438,089

17 · Accounts payable and accrued expenses

beginning of year $20,155,852 · end of year $23,828,260

25 · Other liabilities

beginning of year $8,783,454 · end of year $7,685,318

29 · Capital stock, trust principal or current funds

beginning of year $241,209 · end of year $323,437

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 $30,073,406 · end of year $34,769,211