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ELECTRIC OPERATION AND MAINTENANCE EXPENSES 85-0084968 DECEMBER 31, 2011

1. Enter in the space .... vv,,,,,,,,, the v","""'i~iv. and maintenance expenses for the year. NOT APPLICABLE TO SOCORRO 2. If the Increases and decreases are not derived from previously reported figures explain in footnotes.

Line Account Amount for Current Increase or Decrease No. Year From "","" ... .,,;::;,,!:! Year

(a) (b) (c) 1. POWER PRODUCTION EXPENSES 2. STEAM POWER GENERATIQfIiI 3. OPERATION $ 4. 5. 501 Fuel 6. 502 Steam Expenses 7. 503 Steam From Other Sources 8. 504 Steam Transferred - Credit 9. 505 Electric Expenses 10. 506 Miscellaneous Steam Power Expenses 11. 507 Rents 12. Total Operation 13. MAINTENANCE 14. 510 Maintenance Supervision and Engineering 15. 511 Maintenance of Structures 16. 512 'VIaintenance of Boiler Plant 17. 513 Maintenance of Electric Plant 18. 514 Maintenance of Miscellaneous Steam Plant 19. Total Maimenan-.:e 20. Total Power Production Expenses-Steam Power

~ 21. NUCLEAR t'UVVI:K GI=NI=Rl\TION 22. OPERATION 23. 517 Operation Supervision and Engineering 24. 518 Fuel 25. 519 Coolants and Water 26. 520 Steam Expenses 27. 521 Steam From Other Sources 28. 522 Steam Transferred - Credit 29. 523 Electric Expenses 30. 524 Miscellaneous Nuclear Power Expenses 31. 525 Rents 32. Total 0. n

34. 35. 52!? 1~~CllIl\'CIIClII"'C of Structures 36. 530 Maintenance of Reactor Plant Equipment 37. 531 Maintenance of Electric Plant 38. 532 Maintenance of 11., neous Nuclear Power 39. Total Maintenance 40. Total Power Production Expenses-Nuclear Power 41. HYDRAULIC POWER GENERATION 42. OPERATION 43. 535 Operation Supervision and Engineering 44. 536 Water for power 45. 537 Hydraulic Expenses 46. 538 Electric Expenses 47. . Power Generation Expenses 48. 540Rents 49. Total Operation 50. MAINTENANCE 51. 541 Maintenance Supervision and Engineering 52. 542 Maintenance of Structures

85-0084968 SOCORRO

ELECTRIC OPERATION AND MAINTENANCE EXPENSES

1 HYDRAULIC POWER GENERATION 2 543 MAINT OF RESERVOIRS 3 544 MAINT OF ELECT PLANT 4 545 MAINT OF MISC HYDRAULIC 5 TOTAL MAINT 6 TOTAL POWER EXPENSE 7 OTHER POWER GENERATION 8 OPERATIONS 9 546 OPERATION SUPERVISOR

10 547 FUEL 11 548 GENERATION EXP 12 549 MISC OTHER POWER GENERATION EXP 13 550 RENTS 14 TOTAL OPERATIONS 15 MAINTENANCE 16 551 MAINTENANCE SUPERVISION 17 552 MAINTENANCE OF STRUCTURE 18 553 MAINT OF GENERATING 19 554 MAINT OF MISC POWER GENERATION 20 TOTAL MAINTENANCE 21 TOTAL POWER PRODUCTION EXP 22 OTHER POWER SUPPLY EXPENSES 23 555 PURCHASED POWER 24 556 SYSTEM CONTROL 25 557 OTHER EXP 26 TOTAL MAINT 27 TOTAL POWER PRODUCTIONS EXP 28 TRANSMISSION EXPENSES 29 OPERATIONS 30 560 OPERATIONS SUPERVISION 31 561 LOAD DISPATCHING 32 562 STATION EXPENSES 33 563 OVERHEAD LINE EXP 34 564 UNDERGROUND LINE EXP 35 565 TRANSMISSION OF ELECTRICITY 36 566 MISC TRANSMISSION EXP 37 567 RENTS 38 TOTAL OPERATIONS 39 MAINTENANCE 40 568 MAINTENANCE SUPERVISOR 41 569 MAINT OF STRUCTURES 42 570 MAINT OF STATION EQUIP 43 571 MAINT OF OVERHEAD LINES 44 572 MAl NT OF UNDERGROUND LINES 45 573 MAl NT OF MISC TRANSMISSION 46 TOTAL MAINTENANCE 47 TOTAL TRANSMISSION EXP 48 DISTRIBUTION EXP 49 OPERATIONS 50 580 OPERATION SUPERVISION 51 581 LOAD DISPATCHING 52 582 STATION EXPENSES 53 583 OVERHEAD LINE EXP 54 584 UNDERGROUND LINE EXP 55 585 STREET LIGHTING

12131/2011 INCREASE OR

FROM 2011 PRECEDING YEAR

$13,240,785

$1,719

4,126

$184 $391

$1,311

$121,560

$121,560

$0 $754

$0

$754

$184 $391

$0

$20,470 -$294

85-0084968 SOCORRO ELECTRIC OPERATION AND MAINTENANCE EXPENSES

1 DISTRIBUTION EXP CO NT 2 586 METER EXP 3 587 CUSTOMER INSTALLATION EXP 4 588 MISC DISTRIBUTION EXP 5 589 RENTS 6 TOTAL OPERATIONS 7 MAINTENANCE 8 590 MAINT SUPERVISION 9 591 MAINT OF STRUCTURES

10 592 MAINT OF STATION EQUIP 11 593 MAINT OF OVERHEAD LINES 12 594 MAINT OF UNDERGROUND LINES 13 595 MAINT OF LINE TRANSFORMERS 14 596 MAl NT OF STREET LIGHTS 15 597 MAl NT OF METERS 16 598 MAINT OF MISC DISTRIBUTION PLANT 17 TOTAL MAINTENANCE 18 TOTAL DISTRIBUTION EXP 19 CUSTOMER ACCOUNTS EXP 20 OPERATIONS 21 901 SUPERVISION 22 902 METER READING EXP 23 903 CUSTOMER RECORDS AND COLLECTIONS FEES 24 904 UNCOLLECTIBLE ACCOUNTS 25 905 MISC CUSTOMER EXP 26 TOTAL CUSTOMER ACCOUNTS EXP 27 SALES EXPENSE 28 OPERATIONS 29 908 CUSTOMER ASSISTANCE 30 910 MISC CUSTOMER EXP & INFORMATION EXP 31 913 ADVERTISING EXP 32 914 REVENUE FROM MERCHANDISING 33 915 COST EXPENSE OF MERCHANDISING 34 916 MISC SALES EXP 35 TOTAL SALES EXP 36 ADMINISTRATIVE AND GENERAL EXP 37 OPERATIONS 38 920 ADMINISTRATIVE AND GENERAL SALARIES 39 921 OFFICE SUPPLIES AND EXP 40 922 ADMINISTRATIVE EXP TRANSFER CREDIT 41

42 43 44 45 46 47 48 49

923 OUTSIDE SERVICES EMPLOYED

924 PROPERTY INSURANCE 925 INJURIES AND DAMAGES 926 EMPLOYEE PENSION AND BENEFITS 927 FRANCHISE REQUIREMENTS 928 REGULATORY COMMISSION EXP 929 DUPLICATE CHARGES CREDIT 930 MISC GENERAL EXP 931 RENTS

50 TOTAL OPERATIONS 51 MAINTENANCE 52 932 MAINT OF GENERAL PLANT #935 53 TOTAL ADMIN AND GENERAL EXP 54 TOTAL ELECT OPERATIONS AND MAl NT EXP

#908 #910

proves out

12131/2011 INCREASE OR

$81,856 $583

$37,818

$0 $0

$112,868

$0 $0

$1,235

-$43,723

-$96,926

-$41,727

-$184,471

$0 -$115,894

$0

85-0084968

PAG.E4 SOCORRO

POWER PRODUCTION EXP ELEGT GENERATION

STEAM POWER NUCLEAR POWER HYDRAULIC POWER OTHER POWER

OTHI:R POWER SUPPLY EXP TOTAL POWER PRODUCTION EXP

TRANSMISSION EXP DISTRIBUTION EXP CUSTOMER ACCTS EXP SALES EXP ADMINISTRATIVE AND GENERAL EXP

TOTAL ELECT OPNS AND MAINT EXP NUMBER OF ELECT DEPT EMPLOYEES TOTj~L REGULAR FULL TIME EMPLOYEES TOTJ'L PART TIME AND TEMP EMPLOYEES TOTJ~L EMPLOYEES

4.8 ANCE EXPENSES 85-0084968

OPERATIONS MAiNT

12131/2011 TOTAL

$1,837,142

85-0084968 SOCORRO 2011

DISTRIBUTION OF IN SERVICE AREA INFORMATION FROM TRI STATE HISTORY SALES REPORT

RES. COMM. IN DUST STREET OTHER IRRIGATION

BERNARDO 17,356,461 BURRIS 12,960,920 SOCORRO 24.9 56,782,056 SOCORRO 110,425,834 SPRINGEVILLE 2,672,600

starts at cell A 184

COMPANY UN ACCT

NON COIN

PEAK DEMAND DURING

3,223 4,631 9,927

18,320 1,300

NON

COIN DATE ANNUAL

Oec-11 61.47 1 31.95

Dec-11 65.30 Jan-11 68.81 Dec-11 40.03

:2 :3 ,~

CONSTRUCTION OVERH YEAR ENDING DECEMBER 31 2011

COST OF

OVERHEAD CLEARED CONSTRUCTION

NAME OF OVERHEAD TO CONSTRUCTION WITH OUT OVERHEAD

PERCENT OVERHEAD

TO CONSTRUCTION

COST

~--------------~~----------------~---------------------------L ... r." ..... RELATED $

Page 7 ELECTRIC DISTRIBUTION METERS AND LINE TRANSFORMERS

85-0084968 SOCORRO DECEMBER 31, 2011

1. below the information called for WII<..;t:1 I III Iy distribution watt-hour meters and line transforms. 2. Watt-hour demand distribution meters should be included below but extemal demand meters should not be included, 3. Show in a footnote the number of distribution watt-hour meters or line transformers held the I t:l)!-'UI idt:lm under lease

from owned with or held otherwise that reason of sole uw "'"'' "'".... the • "'''' ............ ''' .... If 500 or more meters or line transformers are held under a name of date and of lease and annual rent If 500 or more meters or line transformers are held than reason of sole or five name of co-owner or other basis of for expenses between the and state amounts and accounts affected in 1t:l)!JUIIUl::m l) books of account. S!J~dfy in each case whether co-owner or other is an associated company.

Line No.

Item

(a) 1. Number at beginning of year 2. Additions during year: 3. Purchases 4. Associated with utility plant acquired 5. Total Additions 6. Reductions during year: 7. Retirements 8. Associated with utility plant sold 9. Total reductions 10. Number at end of year 11. In stock 12. Locked meters on customers' premises 13. Inactive transformers on system

LINE TRANSFORMERS Number of Watt-hour Number Total Capacity (kva)

Meters (b) (c) (d)

13 R,,;q 9 260

872 194

872 194

761 23

761 23 13.970 9,431

1 124 881

8 -------+----------------~

14. In customers' use

r~-~e-a-r-(ia-S-a-b-OV-e-~)------r-~ 13 ___ -+ __ _

8

sworn

NMPRC RULE 510.4 ANNUAL REPORT 2011

REVENUES OPERATING MARGIN EARNINGS RETURN ON AMOUNT OF CFC RUS DEBT

EXPENSE AS A GIll OF DEBT

CAPITAL STRUCTURE PLANT

:>MII:>:>IUN AND PLANT IN SERVICE

PLANT IN OPERATIONS AND MAINT. EXP

AND PURCHASED POWER EXP

DEFFERED TAX RESERVES PEAK DEMAND NET KWH

9 INC

NAME SOCORRO ELECTRICAL ,..".nn,r::D

PO H

PHONE NUMBER 1 575 835 0560

COMPLETING FORM HERRERA

RES. OTHER

NUMBER OF CUSTOMERS

KWH GROSS to the

AVG. ANNUAL KWH PER CUSTOMER

AVG. ANNUAL BILL PER

AVG MONTHLY KWH BILL PER CUSTOMER

AVG. REVENUE PER KWH SOLD

on Cell A

INC

11 FORM 1

17

BORROWER DESI(;NATION

NM0020 BORROWER NAME

FINANCIAL AND STATISTICAL REPORT Socorro Electric Cooperdtiv"'-,-Inc. ENDING DATE ... ,,2011

CERTIFICATION We hereby certify that the entries in this report are ill accordance with the accounts and olher records oflhe system and reflecl

Ithe

.W"l,l-.7~ Pl.~_;~ <:::.~ .. March 12. 2012

IJo,C =tthe"e, ' \ Y Date

J~ 7 {;o;\,T\ .,CI J ~1! .0 ;J March 12. 2012 [Claudia A . .It ( Date

STATEI"mNT OF OPERATIONS YEAR-TO-DATE

ITEM LAST YEAR THlSYEAR BUDGET THlSMONTH (a) (b) (c) (dl __

I. Operating Revenue and Patronage Capi'.al 22J58,459 24,183,'56 23,569,312 2,176,807 ,2. Power Production ExpeHse 0 0 0 0 '3. Cost of p", ,-"",,,J Power

.-13,119,225 13,240:,85 13,120,405 ·1,234,120

4. Transmission Expense-. 965 4,1'01 0 917 ..-5 Di~trih"lj,,'1 Expense -....: 730,849 ~'~?17 742,000 (21802)

6. Distribution Expense - Maintenance 879,489 983,425 1,047,500 ~~ 7. Consumer Accounts Expense 1,082,571 985,645 1,132,593 73,049 8. Customer Service and Informational Expense 79,652 45,587 86,000 ~),345

9. Sales Expense 30,646 41,871 37,000 13,253 10. Administrative and General Expense 1,924,407 1,144,996 2,181,736 (104,478) II. Total Operation & Maintenance Expense (2 thru 10) 17,847,805 17,300,727 18,347,234 1,281,867 12. Depreciation & Amortization Expense 2,015,127 1,650,994 2,023,536 286,944 13. Tax Expense - Property a 0 0 0 14. Tax Expense - Other 175,016 245,423 188,000 28,651 15. Interest on Long-Term Debt 2,215,655 2,339,997 2,613,720 195,303 16. Interest Charged to Construction (Credit) 0 0 0 0 17. Interest Expense - Other 7,347 5,356 7,500 167 18. Other Deductions 110,061 29,737 112,500 5,608 19. Total Cost of Electric Service (11 thm 18) 22,371,011 21,572,233 23,292,490 1,798,540 20. Patronage Capital & Operating Margins (J minus \9) (212.552) 2,611,223 276,822 378,267

21. Non Operating Margins - Interest 80,565 95,526 83,200 493 22. Allowance for Funds Used During Construction 0 0 0 0 23. Income (Loss) from Equity Investments 26,541 178,207 56,000 11,460 24. Non Operating Margins - Other 0 0 0 0 25. Generation & Transmission Capital Credits 1,474,510 1,036,570 1,500,000 0 26. Other Capital Credits & Patronage Dividends 36,826 79,701 40,500 0

~ 0 0 0 0

1,405,890 4,001,226 1,956,522 390,220

,IA ON TRANSMISSION AND DISTRIBUTION PLANT

~ YEAR-TO-DATE YEAR-TO-DATE ITEM YE TmSYEAR ITEM THIS YEAR

a) (b) (a) (b) I. New Services Connected 169 2 32 32

6. Miles I

12. Services Retired 21 33 Overhead 3,360 I 3375.76 7. MilesD

13. Total Services In Place 14,580 14,754 nd 147 1,150.45

ices (Exclude Seasonal) 1,337 I 3,539 3,556,52

FINANCIAL AND STATISTICAL REPORT

Construction Work in Progress

3. Total Utility Plant (1+2)

4. Accum. Provision for Depreciation and Amort

5. Net Utility Plant (3-4)

:6. Nonutility Property - Net

7. Investment in Subsidiary Companies

8. Invest in Assoc. Org. - Patronage Capital

19. Notes Receivable - Net

20. Accounts Receivable - Net Sales of Energy

2 L Accounts Receivable - Net Other

22. Materials & Supplies Electric and Other

23. Prepayments

24. Other Current & Accrued Assets

25. Total Current & Accrued Assets (15 tllru 24)

26. Regulatory Assets

27. Deferred Debits

28. Total Assets & Otber Debits (5+ 14+25+26+27)

BORROWER DESIGNATION NM0020

PERIOD ENDING

UABlLI1US AND OTIIEI: CREDITS

69,429,861 29. Memberships

7,345,079 3~. Patronage Capital

76,774,940 31. Operating Margins-

77 35. Total Margins & Eqllitif S (29 tbru 34)

4,353,830 36. Long-Ienn Debt RUS

511,313 (Payments-Unapplied ($ __

o 37. Long-Term Debt- FF'I-Rt S Guar

o 38. Long-Term Debt Other RUS Guar

155 760 39. Long Term Debt Other (Net)

696,448 40. Long Term Debt Rus Econ Dev Net

41. Payments Unapplied

430 44. Accumulated Operating Provisions

248,414 45. Total Otber Noncurrent Liabilities

2,957 46. Notes Payable

1,900,772 47. Accounts Payable

529,946 49. Current Maturites Long Term Debt

111,689 50. CUIT Maturities LI Tenn Debt Reon Dev

100,133 51. CUIT Maturites Capital Leases

8,189,638 52. Other Current & Accrued Liab

3,886,280 53. Total Current & Accrued Liabilities

333,204 54. Regulatory Liabilities

71,549211 55. Other Deferred Debits

56. Total Liabilities & Other Credits

December, 201

NOTE TO WHOM DATE OF DATE OF PRINCIPAL AMT OUTSTANDING INTEREST ISSUED ISSUED MATURITY AMOUNT PRINCIPAL FOR YEAR

9J990 18-222 $ $ 5 $ 18-230 $ $ 3,419.99 5 $ 45.44 18-232 $ $ 5 $ 44.28 1B-240 $ $ 5 $ lB-242 $ $ 5 $ lB-250 $ $ 5 $ 16-252 $ $ 5 $ 18-253 $ $ 5 $ 430.05 18-260 $ $ 5 $ lB-262 $ $ 5 $ 18-270 $ $ 5 $ 1B-272 $ $ 5 $ 11,894.83 18-273 $ $ 1,726.80 5 $ 83.48 1B-280 $ $ 5 $ 1B-282 $ $ 2 $ 11,252.56 18-283 $ $ 5 $ 14290 $ $ 2 $ 7,418.75 14291 $ $ 70,430.10 2 $ 18-300 $ $ 5 $ 18-310 $ $ 5 $ lB-312 $ $ 334,042.20 5 $ 16,345.85 14292 $ $ 41,472.86 2 $ 813.72 18305 $ $ 5 $ 18306 $ $ 5 $ 1B320 $ $ 5.12 $ 18321 $ $ 5.12 $ 16325 $ $ 5.12 $ 1B326 $ $ 201,352.00 5.12 $ 1B330 $ $ 5 $ 1B340 $ $ 4.41 $ 183,755.44 1B341 $ $ 4.46 $ 1B-342 $ $ 3.7 $ 18-343 8/19/2009 $ $ 4.35 $

1 of 2

1B-344 $ 4.71 $ 1B-345 3/19/2010 $ 4.59 $ 61,693.01

HOOI0-HOO30 $ $ $ H0035 $ $ 4.973 $ H0040 $ $ 3.364 $ H0045 $ $ 3.364 $ HOOSO $ $ 4.797 $ HOOS5 $ $ $ TOTAL REA NOTES $ $

NOTE TO WHOM DATE OF DATE OF PRINCIPAL AMT OUTSTANDING INTEREST

ISSUED ISSUED MATURITY AMOUNT PRINCIPAL FOR YEAR

= = = = 9002 $ $ 7 $ 9004 $ $ 6.325 $ 24.39

9006 $ $ 45,133.46 6.425 $ 9009 $ $ 6.325 $ 9010 6-31-85 $ $ 213,203.61 6.425 $ 11,395.96

9011 $ $ 6.325 $ 9012 $ $ 6.425 $ 9013 $ $ 6.425 $ 16,071.66

9014 $ $ 6.425 $ 9015-001 $ $ 6.425 $ 9015-002 $ $ 6.575 $ 2051-001

TOTAL $ $ $

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