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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues      
Other $ 66,615 $ 61,420 $ 56,341
Operating revenues 1,467,416 1,533,571 1,400,801
Operating expenses      
Purchased power 404,876 409,513 381,477
Fuel 258,894 329,046 236,089
Production 191,095 177,413 185,016
Transmission 187,874 175,889 182,327
General and administrative 88,621 79,640 57,243
Depreciation, amortization and depletion 171,460 184,047 190,237
Coal mining 44,548 9,899 5,323
Other (31,341) 53,509 7,191
Operating expenses 1,316,027 1,418,956 1,244,903
Operating margins 151,389 114,615 155,898
Other income      
Interest 8,614 4,447 3,609
Capital credits from cooperatives 19,369 26,185 9,466
Other 11,447 10,027 4,152
Other income 39,430 40,659 17,227
Interest expense      
Interest 175,557 148,609 143,328
Interest charged during construction (4,800) (1,486) (3,786)
Interest expense, net of amounts capitalized 170,757 147,123 139,542
Income tax expense (benefit) 4 (249) 295
Net margins including noncontrolling interest 20,058 8,400 33,288
Net margin attributable to noncontrolling interest (9,971) (8,400) (6,942)
Net margins attributable to the Association 10,087 0 26,346
Member electric sales      
Operating revenues      
Operating revenues 1,208,352 1,213,234 1,161,291
Non-member electric sales      
Operating revenues      
Operating revenues 145,228 163,355 114,908
Rate stabilization      
Operating revenues      
Operating revenues 47,127 95,613 78,457
Provision for rate refunds      
Operating revenues      
Operating revenues $ 94 $ (51) $ (10,196)