Balance Sheets (USD $)	Dec. 31, 2012		Dec. 31, 2011
Assets
Electric plant in service	$ 891,781,509		$ 862,362,243
Construction work in progress	263,459,794	[1]	206,005,783	[1]
Total utility plant	1,155,241,303		1,068,368,026
Less accumulated depreciation	(493,894,390)		(470,282,210)
Net utility plant	661,346,913		598,085,816
Other property and investments, at cost:
Nonutility property	84,735		84,735
Investments in associated organizations	10,552,683		11,134,496
Special funds	570,027		420,783
Total other property and investments	11,207,445		11,640,014
Current assets:
Cash and cash equivalents, including repurchase agreements of $100 in 2012 and $100 in 2011	14,047,469		17,118,118
Special deposits	153,233		149,701
Restricted cash equivalents	1,953,085		122,006,738
Marketable securities	10,158,016		0
Fuel cost under-recovery	0		1,213,484
Accounts receivable, less provision for doubtful accounts of $490,413 in 2012 and $408,429 in 2011	46,650,901		42,373,995
Materials and supplies	32,867,971		32,994,454
Fuel stock	9,466,767		0
Prepayments	2,156,862		1,911,789
Other current assets	252,146		229,858
Total current assets	117,706,450		217,998,137
Deferred charges, net	27,712,243		25,205,690
Total assets	817,973,051		852,929,657
Equities and Margins
Memberships	1,559,344		1,517,488
Patronage capital	153,832,674		148,355,246
Other	11,372,355		11,358,692
Total equities and margins	166,764,373		161,231,426
Long-term obligations, excluding current installments :
Bonds payable	491,916,666		264,333,333
National Bank for Cooperatives note payable	29,680,420		31,756,775
Total long-term obligations, excluding current installments	521,597,086		296,090,108
Current liabilities:
Current installments of long-term obligations	24,493,022		133,360,210
Commercial paper	11,500,000		175,000,000
Accounts payable	16,488,323		22,800,190
Consumer deposits	4,279,901		3,949,052
Fuel cost over-recovery	13,710,049		0
Accrued interest	6,807,207		6,843,473
Salaries, wages and benefits	8,369,203		7,597,691
Fuel	20,868,078		24,399,157
Other current liabilities	4,559,981		3,350,692
Total current liabilities	111,075,764		377,300,465
Deferred compensation	570,027		420,783
Deferred liabilities	1,769,172		1,703,277
Patronage capital payable	6,858,367		6,646,068
Deferred proceeds on sale of asset	9,338,262		9,537,530
Total liabilities, equities and margins	$ 817,973,051		$ 852,929,657

[1] The amount associated with the construction of SPP included in construction work in progress was $245.5 million and $177.4 million at December 31, 2012 and 2011, respectively.