v3.26.1
Consolidated Statements of Revenues and Expenses (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues:        
Total operating revenues $ 589,470 $ 633,748 $ 1,326,526 $ 1,311,324
Operating expenses:        
Fuel 173,274 186,838 458,665 429,485
Production 132,069 157,956 271,856 288,284
Depreciation and amortization 111,444 107,341 222,052 213,598
Purchased power 23,305 22,109 46,000 43,840
Accretion 14,794 14,607 29,506 29,139
Total operating expenses 454,886 488,851 1,028,079 1,004,346
Operating margin 134,584 144,897 298,447 306,978
Other income:        
Investment income 7,569 8,047 14,730 16,544
Other 3,143 492 8,634 4,051
Total other income 10,712 8,539 23,364 20,595
Interest charges:        
Interest expense 136,778 135,537 271,477 267,971
Allowance for debt funds used during construction (10,187) (4,991) (19,001) (8,719)
Amortization of debt discount and expense 2,481 2,595 4,962 5,020
Net interest charges 129,072 133,141 257,438 264,272
Net margin 16,224 20,295 64,373 63,301
Sales to members        
Operating revenues:        
Total operating revenues 574,157 601,690 1,281,158 1,269,991
Sales to non-members        
Operating revenues:        
Total operating revenues $ 15,313 $ 32,058 $ 45,368 $ 41,333