Form 990 for tax year 2022

2a · Program service revenue: SALES OF ELECTRICITY

total $792,251,006 · related or exempt $792,251,006

2b · Program service revenue: TRANSMISSION ACCESS

total $20,451,323 · related or exempt $20,451,323

2c · Program service revenue: CUSTOMER SERVICE FEES

total $10,277,074 · related or exempt $10,277,074

2d · Program service revenue: TRANSMISSION LEASE

total $4,783,618 · related or exempt $4,783,618

2e · Program service revenue: PATRONAGE DIVIDENDS

total $2,046,352 · related or exempt $2,046,352

2f · All other program service revenue

total $1,462,682 · related or exempt $1,462,682

3 · Investment income

total $162,629 · related or exempt $9,615 · excluded $153,014

6a · Gross rents

personal property $70,400

6b · Less rental expenses

personal property $1,565

6c · Rental income or loss

personal property $68,835

6d · Net rental income or loss

total $68,835 · related or exempt $68,835

7a · Gross sales of assets other than inventory

other assets $2,667,846

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $2,667,846

7d · Net gain or loss

total $2,667,846 · related or exempt $2,667,846

11a · Other revenue: POLE ATTACHMENT INCOME

total $4,246,466 · excluded $4,246,466

11e · Other revenue, total

$4,246,466

4 · Benefits paid to or for members

total $38,148,351

5 · Compensation of officers, directors and key employees

total $4,565,389

7 · Other salaries and wages

total $44,833,774

8 · Pension plan contributions

total $3,541,887

9 · Other employee benefits

total $5,616,049

10 · Payroll taxes

total $3,438,031

20 · Interest

total $45,213,663

22 · Depreciation, depletion and amortization

total $101,931,512

24a · Other expenses: PURCHASED POWER

total $486,561,214

24b · Other expenses: DISTRIBUTION EXPENSE

total $51,624,488

24c · Other expenses: CONSUMER EXPENSE

total $18,743,659

24d · Other expenses: ADMIN & GENERAL EXPENSE

total $16,571,562

24e · All other expenses

total $5,178,994

1 · Cash, non-interest-bearing

beginning of year $9,038,687 · end of year $4,091,355

2 · Savings and temporary cash investments

end of year $5,000,000

4 · Accounts receivable

beginning of year $25,416,668 · end of year $32,031,672

8 · Inventories for sale or use

beginning of year $29,608,981 · end of year $36,753,718

9 · Prepaid expenses and deferred charges

beginning of year $2,007,032 · end of year $2,025,596

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

$2,288,608,556

10b · Land, buildings and equipment: accumulated depreciation

$408,133,564

10c · Land, buildings and equipment, net

beginning of year $1,826,245,198 · end of year $1,880,474,992

13 · Investments: program-related

beginning of year $16,879,801 · end of year $17,880,318

15 · Other assets

beginning of year $120,673,817 · end of year $97,038,177

17 · Accounts payable and accrued expenses

beginning of year $84,629,834 · end of year $92,671,979

21 · Escrow or custodial account liability

beginning of year $187,911 · end of year $101,037

23 · Secured mortgages and notes payable

beginning of year $1,028,876,823 · end of year $1,035,154,995

25 · Other liabilities

beginning of year $125,175,448 · end of year $111,092,426

29 · Capital stock, trust principal or current funds

beginning of year $15,184,321 · end of year $15,988,077

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 $775,815,847 · end of year $820,287,314