Treasurer’s Report:
Following are some highlights from the cooperative’s financial report for the year ended December 31, 2025:
- Total revenue for the year was $113,878,499
- Total cost of providing electric service including purchased power was $110,774,747
- The cooperative’s total operating expenses were $21,145,170
- Operating expenses included $3,100,000 to maintain the Right of Way
- The cooperative ended the year with 4,228 miles of electric lines
- 624 new services were connected, and 323 services were retired
- Total utility plant increased by $9,662,585
- Debt had a net increase of $1,255,011
- $3,715,406 was added to member equity resulting in 52% equity
- 63% of total revenue is provided by residential members
With inflationary impacts on material and labor, the cooperative took rate action in November 2025 as part of a multi-year rate plan.
Jed Clark - Treasurer