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      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>PATRONAGE CAP-ASSOC ORG</Desc>
        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>343396</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>343396</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>OTHER ELECTRIC REVENUE</Desc>
        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>279768</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>279768</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>72269757</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>802957</TotalRevenueColumnAmt>
        <ExclusionAmt>802957</ExclusionAmt>
      </InvestmentIncomeGrp>
      <OtherRevenueMiscGrp>
        <Desc>HOME SECURITY</Desc>
        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>18670</TotalRevenueColumnAmt>
        <UnrelatedBusinessRevenueAmt>18670</UnrelatedBusinessRevenueAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>WILD BLUE</Desc>
        <BusinessCd>518210</BusinessCd>
        <TotalRevenueColumnAmt>2139</TotalRevenueColumnAmt>
        <UnrelatedBusinessRevenueAmt>2139</UnrelatedBusinessRevenueAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>20809</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>73093523</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>72269757</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>20809</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>802957</ExclusionAmt>
      </TotalRevenueGrp>
      <BenefitsToMembersGrp>
        <TotalAmt>3729310</TotalAmt>
      </BenefitsToMembersGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>401643</TotalAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OfficeExpensesGrp>
        <TotalAmt>580986</TotalAmt>
      </OfficeExpensesGrp>
      <InterestGrp>
        <TotalAmt>3211720</TotalAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>5230040</TotalAmt>
      </DepreciationDepletionGrp>
      <OtherExpensesGrp>
        <Desc>PURCHASED POWER</Desc>
        <TotalAmt>47713974</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DISTRIBUTION OPERATIONS</Desc>
        <TotalAmt>3239227</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>CONSUMER ACCOUNTS</Desc>
        <TotalAmt>3164785</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>DISTRIBUTION MAINTENANCE</Desc>
        <TotalAmt>3106872</TotalAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>2714966</TotalAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>73093523</TotalAmt>
        <ProgramServicesAmt>0</ProgramServicesAmt>
        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
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      <CashNonInterestBearingGrp>
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        <EOYAmt>3469636</EOYAmt>
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        <EOYAmt>4473492</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
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        <EOYAmt>1041931</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>7692456</BOYAmt>
        <EOYAmt>3689449</EOYAmt>
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      <LandBldgEquipCostOrOtherBssAmt>174403300</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>48868852</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>121976640</BOYAmt>
        <EOYAmt>125534448</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsProgramRelatedGrp>
        <BOYAmt>27571458</BOYAmt>
        <EOYAmt>28954149</EOYAmt>
      </InvestmentsProgramRelatedGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>13447</BOYAmt>
        <EOYAmt>13460</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>162695789</BOYAmt>
        <EOYAmt>167176565</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>7589201</BOYAmt>
        <EOYAmt>7748177</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>67264494</BOYAmt>
        <EOYAmt>69989722</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>16334793</BOYAmt>
        <EOYAmt>16312846</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>91188488</BOYAmt>
        <EOYAmt>94050745</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
      <CapStkTrPrinCurrentFundsGrp>
        <BOYAmt>544887</BOYAmt>
        <EOYAmt>513072</EOYAmt>
      </CapStkTrPrinCurrentFundsGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>70962414</BOYAmt>
        <EOYAmt>72612748</EOYAmt>
      </RtnEarnEndowmentIncmOthFndsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>71507301</BOYAmt>
        <EOYAmt>73125820</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>162695789</BOYAmt>
        <EOYAmt>167176565</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>0</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>1618519</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc6">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>440083</OtherCostOrOtherBasisAmt>
        <BookValueAmt>440083</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>8496579</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>2524430</DepreciationAmt>
        <BookValueAmt>5972149</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>165466638</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>46344422</DepreciationAmt>
        <BookValueAmt>119122216</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>125534448</TotalBookValueLandBuildingsAmt>
      <InvstProgramRelatedOrgGrp>
        <Desc>PATRONAGE CAPITAL FROM ASSOC.</Desc>
        <BookValueAmt>26484344</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>CONTRIBUTED CAPITAL-GTC</Desc>
        <BookValueAmt>1162504</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENT IN CAP TERM CERT-CF</Desc>
        <BookValueAmt>976384</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>OTHER INVESTMENT IN ASSOC. ORG</Desc>
        <BookValueAmt>255466</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>CONTRIBUTED CAPITAL-SMARR EMC</Desc>
        <BookValueAmt>73451</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>OTHER INVESTMENTS</Desc>
        <BookValueAmt>2000</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <TotalBookValueProgramRltdAmt>28954149</TotalBookValueProgramRltdAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ACCUM. PROV. FOR POSTRET. BENEFITS</Desc>
        <Amt>7725494</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>CONSUMER DEPOSITS</Desc>
        <Amt>4377283</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEFERRED CREDITS</Desc>
        <Amt>4210069</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>16312846</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc7">
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <IndependentConsultantInd>X</IndependentConsultantInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>true</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CHARLES C DILLARD</PersonNm>
        <TitleTxt>PRESIDENT &amp; CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>190162</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>2889</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>42316</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>14677</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>250044</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>KENNETH L JOHNSON</PersonNm>
        <TitleTxt>VP-LINE SERVICES</TitleTxt>
        <BaseCompensationFilingOrgAmt>154719</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>2331</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>31189</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>3615</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>191854</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARTIN G POTTER</PersonNm>
        <TitleTxt>ASSOC VP-INFOR SVCS</TitleTxt>
        <BaseCompensationFilingOrgAmt>122851</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>1538</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>24430</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>9523</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>158342</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>WAYNE GOSSAGE JR</PersonNm>
        <TitleTxt>MGR - ENGINEERING SV</TitleTxt>
        <BaseCompensationFilingOrgAmt>119034</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>3682</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>24437</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12010</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>159163</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CYNTHIA L ANDERSON</PersonNm>
        <TitleTxt>SVP-CORPORATE SVCS.</TitleTxt>
        <BaseCompensationFilingOrgAmt>121024</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>3057</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>29965</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>7988</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>162034</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PAGE 1, PART I, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>JOE SHURLEY 0 4,533 0 J. TIM GARRETT 0 4,292 0 MARK DAVIS 0 12,000 0 JAMES L. GAY 0 12,000 0 CYNTHIA L. ANDERSON 0 9,750 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc8">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>N/A</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF COMPENSATION SURVEYS REVIEWED BY AN INDEPENDENT CONSULTANT AND A PERFORMANCE REVIEW CONDUCTED BY THE COMPENSATION COMMITTEE THAT IS PUT INTO ACTION BY THE MEMBER-ELECTED BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A WAGE AND SALARY PLAN REVIEWED BY AN INDEPENDENT CONSULTANT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS A PART OF ITS FORM 990. THE FORM990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIP FEES -31,815 DONATED CAPITAL 877,415 RETIRED CAPITAL CREDITS - GAIN -77,842 PATRONAGE CAPITAL CREDITS 3,729,310 RETIREMENT OF PATRONAGE CAPITAL -2,878,549 TOTAL 1,618,519</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>