The cooperative continues to maintain a strong financial position. In the current year, over $10 million was invested in utility plant improvements required for reliable distribution. Members owned over $121 million in assets at year-end, with over 90% directly related to the distribution plant. Total assets increased by approximately $7 million during the year. 

The cash held by the cooperative decreased slightly by $300,000. The largest cash uses are the purchase of power to distribute, investment in utility plant, and the return of patronage capital to members. Of the increase in assets, $4 million was through borrowing, while total member-owned equity increased by around $3 million. This continues the balanced approach of using debt to defer rate pressure on assets that will serve members for years to come, while collecting only what is needed to cover your cooperative’s operational expenses. 

In total, the cooperative collected $46 million in revenue in the current year. Operating expenses remained relatively unchanged compared to the prior year at $38 million. The increased investment in the utility plant drove the increased revenues. Total margins earned by the cooperative members totaled $4.3 million, consistent with prior years. 

The cooperative continues its commitment to collect only what is needed from members to deliver the service you require and deserve, safely and cost-efficiently. 

2026 Financial Data