Form 990 for tax year 2022

2a · Program service revenue: DISTRIBUTION OF ELECTRICITY

total $336,603,161 · related or exempt $336,603,161

2b · Program service revenue: PATRONAGE CAPITAL CREDITS

total $4,994,474 · related or exempt $4,994,474

2c · Program service revenue: JOINT POLE REVENUE

total $1,569,413 · excluded $1,569,413

2d · Program service revenue: OTHER SERVICE REVENUES

total $1,053,149 · related or exempt $1,053,149

2e · Program service revenue: ALL OTHER PROGRAM SERVICE

total $542,803 · related or exempt $542,803

3 · Investment income

total $256,009 · excluded $256,009

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 $115,562

7b · Less cost or other basis and sales expenses

other assets $56,636

7c · Gain or loss

other assets $58,926

7d · Net gain or loss

total $58,926 · excluded $58,926

4 · Benefits paid to or for members

total $15,789,813

5 · Compensation of officers, directors and key employees

total $4,948,404

7 · Other salaries and wages

total $15,560,753

8 · Pension plan contributions

total $1,986,396

9 · Other employee benefits

total $4,303,346

10 · Payroll taxes

total $1,484,232

11b · Fees: legal

total $4,865,663

11c · Fees: accounting

total $117,242

11d · Fees: lobbying

total $115,625

11g · Fees: other

total $2,615,789

13 · Office expenses

total $4,134,724

19 · Conferences, conventions and meetings

total $89,579

20 · Interest

total $40,595,127

22 · Depreciation, depletion and amortization

total $46,155,663

23 · Insurance

total $1,417,687

24a · Other expenses: GEN/PURCHASED POWER

total $162,369,646

24b · Other expenses: MAINTENANCE

total $23,086,679

24c · Other expenses: PROPERTY, FRANCHISE, AN

total $6,561,427

24d · Other expenses: CUSTOMER ACCOUNTS AND I

total $3,652,695

24e · All other expenses

total $5,239,445

1 · Cash, non-interest-bearing

beginning of year $5,168,390 · end of year $3,858,018

2 · Savings and temporary cash investments

beginning of year $632,168

4 · Accounts receivable

beginning of year $36,625,154 · end of year $43,987,936

8 · Inventories for sale or use

beginning of year $20,373,034 · end of year $31,194,721

9 · Prepaid expenses and deferred charges

beginning of year $23,572,366 · end of year $23,572,813

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

$1,577,981,263

10b · Land, buildings and equipment: accumulated depreciation

$464,155,285

10c · Land, buildings and equipment, net

beginning of year $1,109,937,262 · end of year $1,113,825,978

13 · Investments: program-related

beginning of year $31,708,121 · end of year $34,138,806

15 · Other assets

beginning of year $32,622 · end of year $32,196

17 · Accounts payable and accrued expenses

beginning of year $61,335,944 · end of year $61,163,085

19 · Deferred revenue

end of year $15,000,000

23 · Secured mortgages and notes payable

beginning of year $767,258,665 · end of year $762,658,678

25 · Other liabilities

beginning of year $35,492,162 · end of year $29,657,288

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

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

beginning of year $760,345 · end of year $764,425

31 · Retained earnings, endowment or other funds

beginning of year $363,202,001 · end of year $381,366,992