The following other deferred credits and other liabilities are reflected on Tri-State's consolidated statements of financial position (dollars in thousands):


	March 31, 2026		December 31, 2025
Transmission easements	$	14,976	$	15,373
OATT deposits	32,774		32,129
Financial liabilities - reclamation	10,857		10,837
Customer deposits	12,941		16,517
Contract liabilities (unearned revenue) - noncurrent	3,051		3,182
Lease liabilities - noncurrent	6,390		6,473
Other	7,238		7,369
Total other deferred credits and other liabilities	$	88,227	$	91,880

In 2015, Tri-State renewed transmission right-of-way easements on tribal nation lands where certain of its electric transmission lines are located. Tri-State will pay $21.4 million for these easements from 2026 through the individual easement terms ending between 2035 and 2047 (prior to the easement termination event described below). The present values for the remaining easement payments were $15.0 million as of March 31, 2026 and $15.4 million as of December 31, 2025, respectively, which are recorded as other deferred credits and other liabilities. In April 2025, Tri-State submitted a notice of its intent to early terminate a portion of one of its easements on tribal nation lands related to decommissioning of a segment of the

transmission line located on that right-of-way. The timing of decommissioning work is subject to ongoing coordination with the tribe and Bureau of Indian Affairs.

OATT deposits represent refundable transmission customer deposits related to interconnection and transmission requests from third parties. An OATT deposit is refundable as provided in Tri-State's Open Access Transmission Tariff.

Financial liabilities - reclamation represent financial obligations that Tri-State has for its share of reclamation costs at jointly owned facilities in which Tri-State has undivided interests in.

A lease liability represents a lessee’s obligation to make lease payments over the lease term. The long-term portion of Tri-State's lease liabilities are included in other deferred credits and other liabilities and the current portion of Tri-State's lease liabilities are included in current liabilities. See Note 15 – Leases.

A contract liability represents an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration from the customer. Tri-State has received deposits from others and these deposits are reflected in contract liabilities (unearned revenue) until recognized in other operating revenues over the life of the agreement. Tri-State has received deposits from various parties and those that may still be required to be returned are a liability and these are reflected in customer deposits.