A Rural Electric Cooperative Providing Power to Southwest Colorado and Southeast Utah
Empire Electric Association, Inc.
Empire Electric Association, Inc.
It takes a lot of people to make a coop work!
 
 
EEA Annual Report
 
Current News EEA Newsletter EEA Annual Report EEA Annual Report Summary EEA System Statistics EEA Income & Expense Statement EEA Capital Credits EEA Balance Sheet EEA Business Profile EEA Employment
 



  1. Annual Report to the Members:

    Income and Expense Statement



    Comparative income and comparative expense statements for Empire Electric Association, Inc.


    COMPARATIVE INCOME STATEMENT 2005 2006*
    Rural Residential Sales $6,064,282 $6,697,493
    Town Residential Sales 4,160,007 4,571,998
    Irrigation Sales 131,896 162,007
    Small Commercial 4,376,004 4,753,512
    Large Commercial & Industrial 4,906,811 5,351,319
    CO2 Loads 13,914,321 15,035,878
    Street Lighting 149,074 148,374
    Total Sales of Electricity $33,702,395 $36,720,581
    Other Revenue 312,973 319,260
    Total Revenue $34,015,368 $37,039,841
    Less Expenses 33,141,691 35,028,168
    Operating Margins $873,677 $2,011,674
    Capital credits:
    Tri-State G & T
    Other Patronage

    $2,382,913
    $ 65,509

    $2,291,074
    $ 114,366
    Interest income 285,459 354,201
    Loss-Other Investments (44,325) 0
    Other Margins (1,253,585) 74,662
    TOTAL MARGINS $2,309,648 $4,845,977


    COMPARATIVE EXPENSE STATEMENT 2005 2006*
    Purchased Power $23,917,597 $25,792,711
    Transmission Expense 287,850 286,860
    Distribution Expense 2,775,928 2,619,616
    Consumer Accounting Expense 973,429 987,686
    Consumer Service & Informational 258,693 299,083
    Administrative Expense 1,951,742 1,975,469
    Depreciation 1,472,770 1,496,074
    Interest Expense 1,519,149 1,563,127
    Other Deductions (15,467) 7,543
    TOTAL EXPENSES $33,141,691 $35,028,168

    *UNAUDITED


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Empire Electric Association, Inc. 801 N. Broadway, P.O. Drawer K, Cortez, CO 81321


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