About Your Member Owned Cooperative

2025 Financial Performance

Statement of Revenues & Expenses

 

 

 

 

 

 

 

2025

 

2024

Total revenues   $63,364,773  $59,737,394 
          
Operating expenses      
 Cost of purchased power  27,246,797   25,752,993 
 Distribution expenses   9,169,695  8,760,444 
 Consumer accounts expense  1,786,131  2,379,573 
 Administrative and general expenses 11,430,493   10,571,281 
 Depreciation and amortization expense 5,216,961  5,104,982 
 Taxes     1,475,251  1,585,792 
 Interest expense   2,167,218  1,994,440 
Total cost of electric service  58,492,546  56,149,505 
          
Patronage capital or margins  $4,872,227  $3,587,889 

Balance Sheet

Assets

      2025 2024
Non-current assets 
Utility plant (net)$ 119,858,088  $ 114,807,526 
Other property & investments$ 9,864,564  $ 9,550,678 
Total utility plant & investments$ 129,722,652  $ 124,358,204 
       
Current assets 
Cash & temporary investments$ 5,807,366  $ 7,460,725 
Notes & accounts receivable (net)$ 6,923,493  $ 6,613,016 
Material & supplies - electric$ 6,623,965  $ 6,957,731 
Other current & accrued assets$ 1,075,001  $ 998,991 
Total current assets$ 20,429,825  $ 22,030,463 
         
Deferred debits $ 1,250,019  $331,936 
         
Total assets$ 151,402,496 
 
 $146,720,603 

Equities and Liabilities

 2025 2024
Equities & Margins 
Memberships$ 233  $ 234 
Patronage capital $ 84,582,675  $ 82,669,278 
Other equities$  4,793,177  $ 3,991,681 
Total equities & margins$ 89,376,085  $ 86,661,193 
       
Long-term debt 
Mortgage notes$ 47,258,405  $ 46,024,980 
Other long-term liabilities$ 963,475  $ 1,085,334 
Total long-term debt$ 48,221,880  $ 47,110,314 
       
Current liabilities 
Notes & accounts payable$ 4,942,407  $ 4,928,713 
Other current & accrued liabilities$6,356,769  $ 6,356,769
Total current liabilities$11,285,482  $ 11,285,482
      
Deferred credits$ 2,704,574 $ 1,663,614
Total equities & liabilities$151,402,496 $ 146,720,603