Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $870,443,877 · related or exempt $870,443,877

• 2b · Program service revenue: TRANSMISSION ACCESS

  total $30,411,641 · related or exempt $30,411,641

• 2c · Program service revenue: CUSTOMER SERVICE FEES

  total $11,065,261 · related or exempt $11,065,261

• 2d · Program service revenue: TRANSMISSION LEASE

  total $4,159,090 · related or exempt $4,159,090

• 2e · Program service revenue: PATRONAGE DIVIDENDS

  total $2,180,336 · related or exempt $2,180,336

• 2f · All other program service revenue

  total $1,574,918 · related or exempt $1,574,918

• 3 · Investment income

  total $1,166,371 · related or exempt $5,138 · excluded $1,161,233

• 6b · Less rental expenses

  personal property $101,764

• 6c · Rental income or loss

  personal property -$101,764

• 6d · Net rental income or loss

  total -$101,764 · related or exempt -$101,764

• 7a · Gross sales of assets other than inventory

  other assets $4,467,680

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

  other assets $1,928,143

• 7c · Gain or loss

  other assets $2,539,537

• 7d · Net gain or loss

  total $2,539,537 · related or exempt $2,539,537

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $4,455,185 · excluded $4,455,185

• 11e · Other revenue, total

  $4,455,185

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $53,263,337

• 5 · Compensation of officers, directors and key employees

  total $5,638,493

• 7 · Other salaries and wages

  total $53,388,825

• 8 · Pension plan contributions

  total $6,356,772

• 9 · Other employee benefits

  total $5,988,314

• 10 · Payroll taxes

  total $4,094,753

• 20 · Interest

  total $52,352,332

• 22 · Depreciation, depletion and amortization

  total $89,863,674

• 24a · Other expenses: PURCHASED POWER

  total $546,612,559

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $80,636,989

• 24c · Other expenses: CONSUMER EXPENSE

  total $13,881,359

• 24d · Other expenses: TRANSMISSION EXPENSE

  total $11,691,286

• 24e · All other expenses

  total $2,366,980

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,387,692 · end of year $3,880,609

• 2 · Savings and temporary cash investments

  end of year $16,501,400

• 4 · Accounts receivable

  beginning of year $33,246,836 · end of year $43,380,894

• 8 · Inventories for sale or use

  beginning of year $52,380,454 · end of year $56,018,420

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,630,644 · end of year $5,123,737

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

  $2,549,230,041

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

  $397,401,079

• 10c · Land, buildings and equipment, net

  beginning of year $2,008,322,261 · end of year $2,151,828,962

• 13 · Investments: program-related

  beginning of year $20,291,386 · end of year $21,480,385

• 15 · Other assets

  beginning of year $84,733,370 · end of year $54,347,624

• 17 · Accounts payable and accrued expenses

  beginning of year $113,421,533 · end of year $105,061,351

• 19 · Deferred revenue

  end of year $5,675,070

• 21 · Escrow or custodial account liability

  beginning of year $96,425 · end of year $91,808

• 23 · Secured mortgages and notes payable

  beginning of year $1,125,382,139 · end of year $1,222,789,628

• 25 · Other liabilities

  beginning of year $91,988,582 · end of year $97,566,410

• 29 · Capital stock, trust principal or current funds

  beginning of year $16,764,167 · end of year $17,609,441

• 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 $864,339,797 · end of year $903,768,323

The filer's explanations (Part III)

PART I, LINE 4A

DURING THE YEAR, FOUR INDIVIDUALS RECEIVED A SEVERANCE PAYMENT. THESE AMOUNTS FOUND IN THEIR REPORTED COMPENSATION ON SCHEDULE J, PART II, COLUMN B (III): - DAVID THOMPSON $ 208,107 - JOSE TREVINO $ 100,000 - JAMES SPAULDING $ 36,260 - KRISTI MORITZ $ 33,820