v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating revenues        
Other $ 65,263 $ 39,906 $ 170,528 $ 107,836
Operating revenues 476,197 458,306 1,247,650 1,223,633
Operating expenses        
Purchased power 165,790 138,450 401,202 345,999
Fuel 67,929 32,035 140,375 120,378
Production 43,764 44,842 138,008 119,022
Transmission 50,782 51,917 141,050 137,876
General and administrative 38,429 43,905 125,605 123,183
Depreciation, amortization and depletion 44,460 75,647 141,196 219,582
Coal mining (923) 1,234 9,225 8,406
Other 2,507 2,432 8,377 7,474
Operating expenses 412,738 390,462 1,105,038 1,081,920
Operating margins 63,459 67,844 142,612 141,713
Other income        
Interest 2,261 1,998 5,783 7,609
Capital credits from cooperatives 866 856 2,091 1,991
Other income (expense) 990 (135) 5,993 499
Total other income 4,117 2,719 13,867 10,099
Interest expense        
Interest 46,198 53,623 138,045 144,278
Interest charged during construction (1,762) (6,499) (5,227) (16,951)
Interest expense, net of amounts capitalized 44,436 47,124 132,818 127,327
Income tax expense 0 196 0 196
Net margins including noncontrolling interest 23,140 23,243 23,661 24,289
Net margin attributable to noncontrolling interest (54) (48) (158) (143)
Net margins attributable to the Association 23,086 23,195 23,503 24,146
Utility Member electric sales        
Operating revenues        
Operating revenues 330,210 306,568 861,595 820,217
Non-member electric sales        
Operating revenues        
Operating revenues 92,553 54,489 204,720 147,392
Rate stabilization        
Operating revenues        
Operating revenues 16,491 57,343 50,700 145,469
Provision for rate refunds        
Operating revenues        
Operating revenues $ (28,320) $ 0 $ (39,893) $ 2,719