Re: NMPRC 17.3.510.12 NMAC - Annual Reporting Enclosed are ... · 3701 THORNTON ST , PO BOX 550 ¯ CLOVIS, NEW MEXICO 88101 , TEL (575) 762-4466 ¯ 1-800-445-8541 , FAX (575) 769-2118

April 17, 2017

FARMERS’ ELECTRIC COOPERATIVE, INC. OF NEW MEXICO

Mr. Mariano RomeroRecords ManagerNMPRC Records Management BureauPO Box 1269Santa Fe, NM 87504-1269

Re: NMPRC 17.3.510.12 NMAC - Annual Reporting

Dear Mr. Romero,

Enclosed are copies of our NMPRC Annual Report Form for 2016 and RUS Form 7 and7 (a) for the calendar year ending December 31,2016.

The Cooperative did not engage in any activities described in NMPRC Rules 17.1.2.51(E) NMAC or 17.6.450.13 (A) & (B) NMAC; therefore we are in compliance withNMPUC Rule 17.1.2.51 (A) NMAC.

Please call me at 575-762-4466 if you should need additional information.

Sinc~

LRA/sh

Lance R. AdkinsGeneral Manage

Enclosures

3701 THORNTON ST , PO BOX 550 ¯CLOVIS, NEW MEXICO 88101 , TEL (575) 762-4466 ¯ 1-800-445-8541 , FAX (575) 769-2118

RURAL ELECTRIC COOPERATIVES

ANNUAL REPORT

FARMERS’ ELECTRIC COOPERATIVE, INC. OF NEW MEXICO

TO THE

NEW MEXICO

PUBLIC REGULATION COMMISSION

FOR THE

YEAR ENDED DECEMBER 31,2016

Line NoteNo. indent.

1 B3701B37118372183731B374NM0099007001NM0099010001NM0099011001NM0099012001NM0099013001NM0099014001NM0099015004NM0099015005NM0099015006NM0099015007NM0099015008NM0099015009NM0099015010NM0O99015011NM0099015012

22 NM0099017-00123 NM0099017-00224 NM0099017-00325 N M0099017-00426 NM0099017-00527 NM0099017-00628 NM0099017-00729 NM0099017-00830 NM0099017-00931 NM0099017-01032 NM0099017-01133 NM0099017-01Z34 NM0099017-013~35 NM0099017-01436 NM0099017-01537 NM0099017-O1638 NM0099017-01739 NM0099017-01840 NM0099017-01941 NM0099017-02042 NM0099017-02"43 H001044 H061545 H002046 H002547 H003048 H003549 H004050 H004551 H005052 H005553 F006054 F006555 H007056 H007557 F008058 F008559 F009060 F009561 F010062 F010563 233317

To PUCWhom Decision Date ofissued No. Issue

R EA N/A 3/31/2006REA N/A 5/24/2006REA N/A 3117/2008

REA N/A 8/22/2008REA N/A 9/29/2008NRUCFC 1612 7/16/1981NRUCFC 1612 10/15/1981NRUCFC 1869 1/9/1984NRUCFC 2018 6/19/1986N R UCFC 2195 8/10/1988NRUCFC 2403 8/21/1991NRUCFC N/A 10/15/2010NRUCFC NIA 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC N/A 10/15/2010NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 6/29/2016NRUCFC #N/A 8/29/2016

NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8129/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016NRUCFC #N/A 8/29/2016FFB 3158 4/11/2000FFB 3158 3/21/2001FFB 3158 3/29/2001FFB N/A 4/29/2004FFB N/A 5/6/2004FFB N/A 6/24/2004FFB N/A 6/24/2004FFB N/A 9/2/2004FF B N/A 10/19/2004FFB N/A 12/17/2010FFB !N/A 8/5/2011FFB N/A 8/30/2001FFB N/A 5/11/2012FFB N/A 9/4/2012FFB N/A 2/12/2013FFB N/A 8/16/2013FFB N/A 2/4/2014FFB 6 8/19/2014F FB 0 4/13/2615FFB 6 12/16/2016COBANK 5/7/2015

TOTAL

Date ofMaturity’

LONG TERM DEBT (Accounts 221 - 228)

Amounts OutstandingDeferred

Principal Interest

3/31/20415/24/20413117/20418/22/20419/29/20417/1/2018

101151201611912019

6/19/20218/10/20238/21/20269/30/20149130/20159/30/20169/30/20179/30/20189/30/20199130120209/30/20219/30/20223/31/20173131120183/31/20193/31/20263/31/20213/31/20223/31/20233/31/20243/31/20253/31/20263/31/20273/31/20283/31/20293/31/20303/31/20313/31/20323/31/20333/31/20343/31/20353131120363/31/20376/30/2035

12/31/203412/31/20346/30/2039

12/31/203712/31/203712/31/20379/30/2039

12/31/20371/3/20451/3/20451/3/2045

1/3/20451/3/2045

1/3/20451/3/20451/3/20451/3/2045

5/20/2023

Less Advance Payments Unapproved (Account 227)Total

PrincipalAmount

3,000,0002,000,0002,000,0003,000,0004,956,000

654,0001,131,000

436,050619,792

1,139,5831,150,000

832,358615,176836,507497,054460,007380,762339,393343,702115,900363,999486,582499,265510,381524,605539,044554,815570,731589,129607,517626,778646,315668,082690,249713,326736,967762,516788,761816,090844,530510,570

2,000,0002,697,0002,697,0005,000,0005,000,0002,500,0002,500,000

14,00015,000

2,000,0003,000,00C4,000,00C3,000,0004,000,0003,000,0003,300,0004,700,000

630,360470,640

2,000,00C2,129,646

92,411,184

oo00o0o

53,80215o,521386,256570,938

ooo

374,597460,007380,762339,393343,702115,900156,532486,582499,26551o,381524,605539,o44554,815570,731589,129607,517626,778646,315668,082690,249713,326736,967762,516788,761816,090844,530510,570

1,397,5641,939,4011,956,4893,893,3113,919,3301,964,5631,954,632

10,56011,526

1,852,2732,740,0153,646,0872,700,9213,630,9972,765,8653,098,7234,442,948

600,036453,741

2,000,0001,423,690

62,421,336-8,259,86054,161,476

Per BalanceSheet

000000

53,802150,521386,256570,938

006

374,597460,007380,762339,393343,702115,900156,532486,582499,265510,381524,605539,044554,815570,731589,129607,517626,778646,315668,082690,249713,326736,967762,516788,761816,090844,530510,570

1,397,5641,939,4011,956,4893,893,3113,919,3301,964,5631,954,632

10,56011,526

1,852,2732,740,0153,646,0872,760,9213,630,9972,765,8653,098,7234,442,948

600,036453,741

2,000,0001,423,690

62,421,336

INTEREST FOR YEARRate Amount

4,70% 82,7345.01% 59,2134.35% 50,6214.46% 78,2834.36% 122,9766.13% 5126.18% 1,7633.65% 2,4374.25% 6,9694.5O% 18,186475% 27,5363.10% 0340% 03 70% 11,6743.90% 19,3984.10% 18,9124,25% 16,2274.40% 14,9744 45% 15,3374.55% 5,2882.05% 2,018230% 3,833245% 4,189260% 4,5442.75% 4,941295% 5,4463.10% 5,890315% 6,1573.20% 6,4563.25% 6,7623.30% 7,0833.35% 7,4153.40% 7,7793.45% 8,1553.45% 8,4283.50% 8,8343.55% 9,2703.55% 9,5893.60% 10,061360% 10,4123.65% 6,382340% 51,020521% 106,574540% 111,375380% 156,7932.81% 118,5982.81% 59,4473.80% 78,7182.51% 2874.02% 3174.27% 83,0123.34% 96,9603.22% 124,4402.65% 76,5852.27% 89,1122.73% 80,7863.45% 113,1693.20% 150,8712.86% 18,3302.30% 11,2740.00% 02.88% 45,142

2,269,495

Page 1ELECTRIC OPERATION AND MAINTENANCE EXPENSES

1. Enter in the space provided the operation and maintenance expenses for the year.2. If the increases and decreases are not derived from previously reported figures explain in footnotes.

Line AccountNo.

(a)

1 POWER PRODUCTION EXPENSES2 STEAM POWER GENERATION3 Operation4 500 Operation supervision and engineering5 501 Fuel6 502 Steam expenses9 505 Electric expenses

10 506 Miscellaneous steam power expenses11 507 Rents12 TOTAL OPERATION13 MAINTENANCE14 510 Maintenance supervision and en~jineering15 511 Maintenance of structures16 512 Maintenance of boiler plant17 513 Maintenance of electric plant18 514 Maintenance of miscellaneous steam plant19 TOTAL MAINTENANCE20 TOTAL POWER PRODUCTION EXPENSES-STEAM POWER21 NUCLEAR POWER GENERATION22 OPERATION23 517 Operation supervision and engineerincJ24 518 Fuel25 519 Coolants and water26 520 Steam expenses27 521 Steam from other sources28 522 Steam transferred-Cr29 523 Electric expenses30 524 Miscellaneous nuclear power expenses31 525 Rents33 MAINTENANCE34 528 Maintenance supervision and engineerin935 529 Maintenance of structures36 530 Maintenance of reactor plant equipment37 531 Maintenance of electric plant38 532 Maintenance of miscellaneous nuclear plant39 TOTAL MAINTENANCE40 TOTAL POWER PRODUCTION EXPENSES-NUCLEAR41 HYDRUALIC POWER GENERATION42 OPERATION43 535 Operation supervision and engineering44 536 Water for power

45 537 Hydraulic expenses46 538 Electric expenses47 539 Miscellaneous hydraulic power generation expenses48 540 Rents49 TOTAL OPERATION50 MAINTENANCE51 541 Maintenance supervision and engineering52 5421Maintenance of structures

Amount for year

(b)

0.00

0.000.00

0,000.00

0.00

Increase ordecrease frompreceding year

(c)

0.000.000.000.000.000.000.00

0.000.000.000.000.000.000.00

0.000.000.000.000.000.000.000.000.00

0.000.000,000,000,000,000,00

0.000.00

0.000.000.000.000.00

0.00

LineNo.

123456789

lO1112131415161718192o212223242526272829303132333435363738394o414243444546474849505152535455

Page 2ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

Increase orAccount

(a)HYDRAULIC POWER GENERATION (Continued)

543 Maintenance of reservoirs, dams and waterways544 Maintenance of electric plant545 Maintenance of miscellaneous hydraulic plant

TOTAL MAINTENANCETOTAL POWER PRODUCTION EXPENSES-HYDRAULIC

OTHER POWER GENERATIONOPERATION

546 Operation supervision and engineerin9547 Fuel548 Generation expenses549 Miscellaneous other power generation expenses550 Rents

TOTAL OPERATIONMAINTENANCE

551 Maintenance supervision and engineering552 Maintenance of structures553 Maintenance of generating and electric plant554 Maintenance of miscellaneous other power generation plant

TOTAL MAINTENANCE

TOTAL POWER PRODUCTION EXPENSES-OTHER POWEROTHER POWER SUPPLY EXPENSES

555 Purchased power556 System control and load dispatching557 Other expenses

TOTAL POWER SUPPLY EXPENSESTOTAL POWER PRODUCTION EXPENSES

TRANSMISSION EXPENSESOPERATION

560 Operation supervision and engineering561 Load dispatching562 Station expenses563 Overhead line expenses564 Underground line expenses565 Transmission of electricity by others566 Miscellaneous transmission expenses567 Rents

TOTAL OPERATIONMAINTENANCE

568 Maintenance supervision and engineering569 Maintenance of structures570 Maintenance of station equipment571 Maintenance of overhead lines572 Maintenance of underground lines573 Maintenance of miscellaneous transmission plant

TOTAL MAINTENANCETOTAL TRANSMISSION EXPENSES

DISTRIBUTION EXPENSESOPERATION

580 Operation supervision and engineering581 Load dispatching582 Station expenses583 Overhead line expenses584 Underground line expenses5851Street lighting and signal system expenses

Amount for year

(b)

0.000.00

0.00

0.000.00

19,962,023.80

19,962,023.8019,962,023.80

2,263.58

32,403.2998,853.81

133,520.68

761.54

35,191.629,112.18

45,065.34178,586.02

84,342.20

134,347.031,531,033.05

47,190.10

decrease frompreceding year

(c)

0.000.000.000.000.00

0.000.000.000.000.000.00

0.000.000.000.000.000.00

-1,945,831.110.000.00

-1,945,831.11-1,945,831.11

480.510.00

-1,149.36580.21

0.000.000.000.00

-88.64

249.410.00

24,540.82-672 77

0.000.00

24,117.4624,028.82

967.800.00

-22,179.57-130,492.48

0.00-2,699.07

Page 3ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

Increase orLine AccountNo.

1 DISTRIBUTION EXPENSES CONTINUED2 586 Meter expenses3 587 Customer installations expenses4 588 Miscellaneous distribution expenses5 589 Rents6 TOTAL OPERATION7 MAINTENANCE8 590 Maintenance supervision and enqineering9 591 Maintenance of structures

10 592 Maintenance of station equipment11 593 Maintenance of overhead lines12 594 Maintenance of underground lines13 595 Maintenance of line transformers14 596 Maintenance of street lighting and signal systems15 597 Maintenance of meters16 598 Maintenance of miscellaneous distribution plant17 TOTAL DISTRIBUTION EXPENSES18 TOTAL DISTRIBUTION EXPENSES

19 CUSTOMER ACCOUNTS EXPENSES20 OPERATION21 901 Supervision22 902 Meter reading expenses23 903 Customer records and collection expenses24 904 Uncollectible accounts25 905 Miscellaneous customer accounts expenses26 TOTAL CUSTOMER ACCOUNTS EXPENSES27 SALES EXPENSES28 OPERATION29 911 Supervision30 912 Demonstrating and selling expenses31 913 Advertising expenses32 914 Revenues from merchandising, jobbing and contract work33 915 Cost and expenses of merchandising, jobbing and contract work34 916 Miscellaneous sales expenses35 TOTAL SALES EXPENSES36 ADMINISTRATIVE & GENERAL EXPENSES37 OPERATION38 920 Administrative and general salaries39 921 Office supplies and expenses40 922 Administrative expenses transferred-Cr41 923 Outside services employed42 924 Property insurance43 925 Injuries and damages44 926 Employee pensions and benefits45 927 Franchise requirements46 928 Regulatory commission expenses47 929 Duplicate charges-Cr48 930 Miscellaneous general expenses49 931 Rents50 TOTAL OPERATION51 MAINTENANCE

Amount for year

(b)

195,947.9057,680.46

438,978.371,812.77

2,491,331.88

53,290.48

82,870.241,157,106.79

191,190.114,124.24

128,482.39

1,617,064.254,108,396.13

66,605.02470,522.40786,397.82

0.00290,892.73

1,614,417.97

36,382.58

36,382.58

decrease frompreceding year

117,648.93-7,905.22

-33,371.62144.19

-77,887.04

4,636.780.00

-49,969.1411,485.21

0.0036,466.27

-542.8528,448.17

0.0030,524.44

-47,362.60

10,978.7268,821.4182,553.76

0.0020,056.47

182,410.36

0.00-11,865.55

0.000.000.000.00

-11,865.55

574,667.24141,196.29

37,324.855,506.231,265.94

0.00

174,167.79-28,750.88351,635.48

800.001,257,812.94

42,409.6844,836.69

0.00-112,591.58

-465.41-925.98

0.000.00

4,472.935,799.82

-27,630.360.00

-44,094.21

52 935 Maintenance of general plant 91,056.40 20,283.1953 TOTAL ADMINISTRATIVE & GENERAL EXPENSES 1,348,869.34 -23,811.0254 TOTAL ELECTRIC OPERATION AND MAINTENANCE EXPEN~ 27,248,675.84 -1,822,431.10

Page 4

ELECTRIC OPERATION AND MAINTENANCE EXPENSES (Continued)

SUMMARY OF ELECTRIC OPERATION AND MAINTENANCE EXPENSES

LineNo. FUNCTIONAL CLASSIFICATION

(a)

1 Power Production Expenses2 Electric Generation:3 Steam power4 Nuclear power5 Hydraulic power6 Other power7 Other Power Supply Expenses8 Total Power Production Expenses9 Transmission Expenses

10 Distribution Expenses11 Customer Accounts Expenses12 Sales Expenses13 Administrative and General Expenses14 Total Electric Operation and Maintenance Expenses

OPERATION(b)

19,962,023.80

MAINTENANCE

i9,962,023.80133,520.68

2,491,331.881,614,417.97

36,382.581,257,812.94

25,495,489.85

45,065.341,617,064.25

91,056.401,753,185.99

TOTAL(d)

19,962,023.80

19,962,023.80178,586.02

4,108,396.131,614,417.97

36,382.581,348,869.34

27,248,675.84

NUMBER OF ELECTRIC DEPARTMENT EMPLOYEES

15 Number of electric Department Employees, Payroll Period Endin916 Total Regular Full-Time Employees17 Total Part-Time and Temporary Employees18 Total Employees

October 31, 20165O

858

The data on number of employees should be reported for the payroll period ending nearest to October 31, or any payroll period ending 60 days beforeor after October 31.

If the respondent’s payrolls for the reported period include any special construction forces include such employees as part-time and temporaryemployees and show the number of such special construction employees so included.basis of employee equivalents. Show the estimated number of equivalent employees attributed to the electric department from joint functions.

Page 6

CONSTRUCTION OVERHEADS-ELECTRIC

1. Report below the information called for concerning construction overheads for the year.2. List in column (a) the kinds of overheads according to the titles used by the respondent. Charges for outside

professional services for engineering fees and management of supervision fees capitalized should be shown asseparate items.

3. On the lower section of this schedule furnish the requested expanatory information concerning constructionoverheads.

4. A respondent should not report "none" to this schedule if no overhead apportionments are made, but rather shouldexplain on the lower section of this schedule that only such engineering, supervisor, and administrative cost, etc.,which are directly chargeable construction are charged to construction, if this is the case. Engineering, supervision,administrative and interest cost, etc., which are first assigned to a blanket work order and then prorated toconstruction jobs shall be considered overheads for the purposes of formulating a response to this schedule.

Line Name of Overhead Total overheads cleared Cost of construction to which Percent overheads toto constructions overheads were charged (ex construction cost

clusive of overhead charges)

(a) (b) (c) (d)1 Consulting Engineering Service 2,988.172 Inspection of Work Orders3456789

1011121314 Total 2,988.17 1,461,725.78 0.002044

General Description of Construction Overhead Procedure

1. For each construction overhead for electric plant explain:(a) Nature of the engineering, supervisory, or administrative work, etc., the overhead charges are intended to cover.(b) The general procedure for determining the amount capitalized.(c) The method of distribution to construction jobs.(d) Percentages applied to different types of construction.(e) Basis of differentiation in percentages for different types of construction.(f) Amounts capitalized for each overhead for the year for which this report is submitted.

2. In addition to other information conserning engineering and superintendence or other such over heads, explain whetherchargeable to specific jobs.

3. For interest during construction state the interest rate used. The basic charges to which applied, in addition to theamounts capitalized for the year for which this report is submitted.

1. Engineerin9 covers inspection of work order construction done by Force Account with Cooperative personnel.

2. Engineering Overheads as listed above cover only those items that are not chargable to specific jobs.

3. No interest charged to construction.

Page 7

ELECTRIC DISTRIBUTION METERS AND LINE TRANSFORMERS

1. Report below the information called for concerning distribution watt-hur meters and line transformers.2. Watt-hour demand distribution meters should be included below but external demand meters should not be included.3. Show in a footnote the number of distribution watt-hour meters or line transformers held by the respondent under lease

from other, jointly owned with others, or held otherwise that by reason of sole ownership by the respondent. If 500 or moremeters or line transformers are held under a lease, give name of lesser, date and period of lease and annual rent. If 500 or moremeters or line transformers are held other than by reason of sole ownership or lease, five name of co-owner or other party,explain basis of accounting for expenses between the parties, and state amounts and accounts affected in respondent’s booksof account. Specify in each case whether lesser, co-owner or other party is an assoiciated company.

LINE TRANSFORMERS

LineNo.

Item(a)

1 Number at beginning of year2 Additions during year3 Purchases4 Associated with utility plant acquired5 Total additions6 Reductions during year7 Retirement8 Associated with utility plant sold9 Total reductions

10 Number at end of year11 In stock12 Locked meters on customers’ premises13 Inactive transformers on system14 In customers’ use15 In company’s use16 Total end of year (as above)

Number of watt-hourmeters

(b)14,384

400

40

000

14,4241,583

12,80734

14,424

Number Total capacity (kva)(c) (d)

14,874 287,294.85

3120

312

ooo

15,186.534

14,61834I

15,186

12,485.500.00

12,485.50

0.000.000.00

299,780.3530,216.00

268,685.55878.80

299,780.35

NOTE:Line 1 l(a) EstimatedLine 14(c) EstimatedLine 14(d) Estimated

Page 8

VERIFICATION

The foregoing report must be verified by the oath of the office having control of the accounting of therespondent. The oath required may be taken before any person authorized to administer an oath by the lawsof the State in which the same is taken.

OATH

State of New Mexico

County of Curry

)))

Lance R. Adkins makes oath and says that he is General Manager(Insert here the name of the affiant) (Insert here the offical title of the affiant)

of Farmers’ Electric Cooperative, Inc. of New Mexico(Insert here the exact legal title of name of the respondent)

that it is his duty to have supervision over the books of account of the respondent and that to the best ofhis knowledge and belief such books have, during the period covered by the foregoing report, been keptin good fatih in accordance with the accounting and other orders of the New Mexico Public RegulationCommission, effective during said period, that has examined the said report, and to the best of hisknowledge and belief the information contained in the said report is, insofar as it relates to matters ofaccount, in accordance with the said books of account; that he believes that all other statements of factcontained in the said report are true, and that the said report is correct statement of the business andaffairs of the above-named respondent in respect to each and every matter set forth

therein during the period from and including January 1, 2016

to and including ~ December 31, 2016

(Signature ~I Affiant)

Subscribed and sworn to before me, a

Couoty~above named, this

My comn3.~s;i0n expires

Notary Public

day of April, 2017

, is and for the State and

~’~ ~of!~office~ed~to ~er oaths)

New Mexico Jurisdictional InformationYear Ending December 31, 2016

Form 1

Electric Company Name: Farmers’ Electric Cooperative, Inc. of New Mexico

Address:

Phone Number:

3701 N. Thornton, P. O. Box 550, Clovis, NM 88102

(575) 762-4466

Person completing form: Suzette Howard, Accountinq Mana.qer

Customer Class

Number of Consumers

KWH Sales (Thousands)

Gross Revenues

Avg. Annual KWH per Customer (1)

Av9. Annual Bill per Customer (2)

AVG MONTHLY BILL per CUSTOMER (3)

AVG GROSS REVENUE per KWH SOLD (4)

Residential

9,806

90,529

$10,284,315

9,232

$1,048.73

$87.39

$0.11360

Other

3,303

268,087

$23,763,117

81,175

$7,195.31

$599.61

$0.08864

Total

13,109

358,615

$34,047,432

27,356

$2,597.26

$216.44

$0.09494

Directions for the completion of (1), (2), (3), (4):(1) Divide KWH sales by number of customers.(2) Divide gross revenues by number of customers(3) Divide (2) by 12 months(4) Divide gross revenues by KWH sales

NMPRC Rule 510 1 Effective 01/01/89

DESCRIPTION

FARMERS’ ELECTRIC COOPERATIVE, INC. OF NEW MEXICOSchedule for NMPRC Rule 17.3.510.12 (B) NMAC

For Fiscal Year Ending December 31, 2016

2016

A. REVENUEB. EARNINGS - INTERESTC. RETURN ON EQUITY(OR MARGIN)D. AMOUNT OF DEBT

AVERAGE COST OF DEBTE. CAPITAL STRUCTUREF. GENERATIONG. TRANSMISSION & SUB-TRANSMISSIONH. DISTRIBUTION PLANTI. OPERATATION & MAINT EXP

PURCHASED POWER EXPENSEJ. DEFERRED TAX RESERVESK. PEAK DEMANDL. NET ENERGY SALES (KWH)

$34,652,432$1,966,558

2.38%$54,161,474

4.19%46.01%

NONE$13,487,071$90,325,955

$7,286,652$19,962,024

NONE71,558

358,615,336

C: RETURN ON EQUITY CALCULATIONS:OVER ALL RETURN $1,966,558 + $2,269,495 / $82,582,752 = 5.13%

RETURN ON DEBT $2,269,495 / $82,582,752 = 2.75%

RETURN ON EQUITY 5.13% - 2.75% = 2.38%

RATE BASE CALCULATIONS:NET UTILITY PLANTMATERIAL & SUPPLIESPREPAYMENTSWORKING CAPITALTOTAL RATE BASE*

$79,353,3181,373,133

216,3651,639,936

$82,582,752

WORKING CAPITAL CALCALUTIONS:ALL EXPENSES EXCEPT INTEREST ON LONG TERM DEBTLESS: COST OF PURCHASED POWERBALANCE

$30,416,379-$19,962,024$10,454,355

1/8 OF BALANCE1/60 OF PURCHASED POWPETTY CASHTOTAL WORKING CAPITAL

$10,454,355 X 0.12500 = $1,306,794$19,962,024 X 0.01666 = $332,567

$575$1,639,936

D: AVERAGE COST OF DEBT:INTEREST ON LONG TERM DEBT DIVIDED BY LONG TERM DEBT.

$2,269,495 / $54,161,474 = 4.19%

E. CAPITAL STRUCTURENET WORTH TO LONG-TERM DEBT PLUS NET WORTH RATIO:TOTAL MARGINS & EQUITIESDIVIDED BY TOTAL DEBT PLUS TOTAL MARGINS & EQUITIES

$46,163,352$100,324,826

46.01%

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of in~brmation unless it displays a valid OM Bcontrol number. The ~alid OMB control nmnber £~r this information collection is 0572-0032. The time required m complete this intbnnation collection is estimated tn average 15 hours pe~response, it~cluding the time for revie~,ing instrnctions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing lhe collection of mformalion

UNITED STATES DEPARTMENT OF AGR1CU1,TIIRE BORROWER DESIGNATIONRURAL UTILITIES SERVI( E ~TMO009

F1NANCIAL AND OPERATING REPORT PERIOD ENDI!ID December, 2016 (Prepared with Audited Data)

EI.ECTRIC DISTRIBUTION BORROWER NAMEFarmers’ Electric Cooperative, Inc. of New Me~

INSTRUCTIONS - See help in the online application,This infomqation is analyzed and used to determine the submitter’s financial situation and feasibility for loans and guarantees. You are required by,’ contract and applicableregulations to provide the information The inlbnnation provided is sut~ject to the Freedom of Information Act (5 US.C 552)

CERTIFICA I’ION

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the I inited States and the making of afalse, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

We hereby certil~, that the entries in this report are m accordance with the accounts and other recordsof the system and reflect the status of the system to the best of our knowledge and belief

ALL INSURANCE REQI IRED BY PART 1788 OF 7 CFR CHAPTER XVII, RIiS, WAS IN FORCE DURING THE REPORTINGPERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES DURING THE PERIOD COVERED

BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII(check one of the f!~llowing)

[] All of the obligations under the RUS loan documentshave been fulfilled in all material respects.

[] There has been a delhult in the fulfillment of the obligationsunder the RUS loan documents. Said delhuh(s) is/arespecifically described in Part D of this report.

Lance Adkins 3/30/2017

DATE

ITEM

Operating Revenue and Patronage Capital2 Power Production Expense

3. Cost of Purchased Power4 Transmission Expense

5 Regional Market Expense

6. Distribution Expense-Operation

7. Distribution Expense- Maintenance

8. Customer Accounts Expense9. Customer Service and lnlbrmational Expense

I0. Sales ExpenseI. Administrative and General Expense

12. Total Operation & Maintenance Expense ~2 thru 11)

13. Depreciation and Amortization Expense14. Tax Expense - Property & Gross Receipts

15. Tax Expense - Other16. Interest on Long-Term Debt

17 Interest Charged to Construction - Credit18 Interest Expense- Other

19. Other Deductions20. Total Cost of Electric Sen’ice (12 thru 19)21. Patronage Capital & Operating Margius (1 minus 20)22 Non Operating Margins - Interest

23. A~lowance for Funds Used During Construction24. Income (l,oss) from Equity Investments

25 Non Operating Margins- Other26. Generation and rmnsmission Capital Credits27 Other Capita[ Credits and Patronage Dividends

28 Extraordinary Items

Z9. Patronage Capital or Margins (21 thru 28)RUS Financial and Operating Report Electric Distribution

PART A. STATEMENT OF OPERATIONSYEAR-TO-DATE

I,AST YEAR(a)

32, 829,874

Tills YEAR(b)

34,652,432

BIII)G E’I’

36,225,803

Tills MON I’ll

2,661,839

19,549,431 19,962,024 22,369,363 1,604,454

152,428 178,586 156,318 15,891

2,614,689 2,491,332 2,764,386 241,700

1,723,620 1,617,064 1,794,954 109,621

1,297,973 1,323,525 1,379,246 110,053

311,107 290,893 317,155 19,427

36,006 36,383 49,767 986

1,423,251 1,348,869 1,302,693 105,246

27,108,505 27,248,676 30,133,882 2,207,378

2,895,810 3,092,668 2,968,332 353,541

2,411,272 2,269,495 2,292,553 186,785

2,381 2,482 208

14,281 72,553 15,009 4,856

32,432,249 32,685,874 35,409,776 2,752,768

397,625 1,966,558 816,027 (90,929)

483,038 519,212 498,110 50,456

1,058,275 1,273,594 1,190,806 99,400

23,150 21,077

131,451 83,316 131,451

2,093,539 3,863,757 2,636,394 58,927

Revision Date 2014

t ~NITED S I’ATES DEPARTMENT OF A(}RICULTt [RERURAl. UTILITIES SERVICE

FINANCIAl, AND OPERATING REPORTELECTRIC DISTRIBI ITION

INSTRUCTIONS - See help m the online application

BORROWER I)ESI(3N ATION

NM0009

PERIOD ENDEDDecember, 2016

IT E M

1. New Sen, ices Connected

2. Services Retired

3. Total Selwices in Place

4. Idle Services( l£xchMe Seasonals )

23.4

5.6.7.8.

9.10.11.1213.

14.

16.

17.1819.

20.21,22

23,

24,25.

26.

2728.

29.

PART B. 1)ATA ON TRANSMISSION AND DISTRIBIITION PLANTYEAR-TO-DATE

LAST YEAR Tills YEAR I’I’EM(.) (b)

53 31 5. Miles Transmission6, Miles Distribution-

24 41Overhead

7. Miles Distribution-15,116 15,514 l.Jnderground

8. Total Miles Eoergized2,397 2,244

(5+6+7)PART C. BAI,ANCE SIIEI,;T

ASSETS AND OTHER DEBITSTotal Utility Plant in Service 113,520,458 30.

Construction Work in Progress 5,460,575 31.Total Utilil~( Plant (1 +2) 118,981,033 32.

Accum. Provision for Depreciation and Amort 39,627,715 33.

Net Utili~ Plant (3- 4) 79,353,318 34.

Non-Utility Propert%’(Net) 0 35

Investments in Sttbsidia~’Companies 0 36.Invest. in Assoc. ()rg. - Patrona~ze Capital 724,579 37.

Invest. in Assoc. Or~. - Other - General Funds 8,405,558 38hwest in Assoc. Org. - Other- Nongeneral Funds 760,989 39.

Investments m Economic Development Projects 0 40

Other Investments 1,762,118 41.Special Funds 0 42.

Total Other Properly & Investments 11,653,244 43.(6 thru 13)

Cash- General Funds 2,385,659 44.

Cash - Construction Funds- Trustee 0 45.

Special Deposits 170 46.Temporary Investments 6,838,815 47.Notes Receivable (Net) 1,192 48.

Accounts Receivable - Sales of Energy (Net) 3,548,65749.

Accounts Receivable - Other (Net) 28,737

Renewable Ener~.~. Credits 0 50.

Materials and Supplies - Electric & Other 1,373,133 51.

Prepa~,’ments 216,365 52.Other Current and Accrued Assets 31,396 53.

Total Current and Accrued Assets 14,424,124 54.(15 thru 25)

Regulatory Assets 0 55.Other Deterred Debits 1,744,988 56.

Total .Assets and Other Debits i07,175,674 57.(5+14+26 thru 28)

YEAR-TO-DATELAST YEAR

(aI267.10

3,849.86

177.74

4,294.70

LIABILITIES AND OTHER CREDITSMembershipsPatronage CapitalOperating Margins - Prior YearsOperating Margins - Current Year

Non-Operating Margins

Other Margins and Equities

Total Mar~ins & Equities (30 thru 35)Lone-Term Debt - RUS (Net)Long-Term Debt - FFB - RUS Guaranteedl.ong-Term Debt - Other - RUS Guaranteed

Long-Term Debt Other (Net)Lon~-lenn Debt - RUS - Econ. Devel. (Net)Payments - I Jnapplied

Total Long-Term Debt(37thru 41 - 42)

Obligations Under Capital t.eases - NoncurrentAccumulated Operating Provisionsand Asset Retirement Obligations

Total Other Noncurrent Liabilities (44 + 45)Notes PavaNeAccounts Payable

Consumers Deposits

Cttrrent Maturities Lon~-]~erm DebtCurrent Maturities Ixmg-Term Debt- Economic [)eveloprnent

Cttrrent Maturities Capital LeasesOther Current and Accrued Liabilities

Total Current & Accrued Liabilities(47 thru 53)

Re~ulator~’ l.iabilitiesOther Deferred Credits

Total Liabilities and Other Credits(36 + 43 + 46 + 54 thru 56)

THIS YEAR

267,3_0

3,846.93

187.87

4,301.90

040,024,476

0

2,720,904

1,142,853

2,275,119

46,163,3520

43,805,9810

16,541,3530

8,259,860

52,087,474

o

o

oo

2,128,o74

164,714

2,o74,ooo

o

o1,839,664

6,206,452

o

2,718,396

Io7,175,674

RUS Financial and Operating Report Electric Distribution Revision Date 2014

UNITED STATESRURAL DEPARTMENT UTILITIES SERVICE OF AGRICULTURE BORROWER DESIGNATION

FINANCIAL AND OPERATING REPORT NM0009ELECTRIC DISTRIBUTION

PERIOD ENDEDINSTRUCTIONS - See help in the online application. December, 20 6

PART D. NOTES TO FINANCIAL STATEMENTS

The Cooperative currently purchases its wholesale power requirements from Xcel Energy. In 2010, theof Western Farmers Electric Cooperative, Inc. (WFEC) in Anadarko, Oklahoma. The Cooperative has I:WFEC to supply power to them. The Cooperative began receiving power supplies from this source in J~agreements also contain provisions related to equity requirements and other responsibilities that the CoNMPRC approval obtained in 2011, the Cooperative is recovering the equity contributions being paid to

Part A Line 25 contains the equity contributions collected through the monthly power costs recovery me

Part C Line 9 contains the equity contributions paid to WFEC.

Part C Line 20 - No unbilled revenue included.

Ooop,)gun~ne 2()pera

;hani,


UNITED STATESRURAL DEPARTMENT UTILITIES SERVICE OF AGRICULTURE BORROWER DESIGNATION


INSTRUCTIONS - See help in the online application.PERIOD ENDED December, 2016

PART D. CERTIFICATION LOAN DEFAULT NOTES


UNtTFD SIAT~S D~PARTMEN r OF AGRICULTURFRURAL t T1LITIES S~RVICE

FINANCIAl, AND OPERATING REPORTELECTRIC DISTRIBUTION

NSTRUCI’IONS - See help in the online application.

10.

BORROWFR |)t’~SIGN A’I’It)NNM0009

PERIOD ENI)EDDecember, 2016

PI.ANT ITEM

PART E. CIIANGES IN UTII,ITV PI,ANT

RETIREMENTS

2,248 803

296 884

Distribution Plant

General Plant

Headquarters Plant

Intangibles

Transmission Plant 13,257 2 020

Regional Transmission and MarketOperation Plant

All Other UtiliU’ PlantTotal Utility Plant in Service (I thru 7)

Construction Work in Progress

Total Utility Plant (8 + 9)

BAI,ANCEITEM BEGINNING OF YEAR

ElectricI

1,188,416Other ] ii, 681

Present YearFive-Year Average

BALANCEBEGINNING OF YEAR

(a)88,438,824

6,594,619

2,631,116

0

13,475,835

AI)DITI ON S

4,135,935

721, 804

56,777

Number of Full Time Employees

Employee - Hours Worked - Regular TimeEmployee - Hours Worked - Overtime

AI),I USTM ENTS ANDTRANSFERS

ITEM

1. Capital Credits - Distributions

Capital Credits - Received

o

iii,14o,394 4,927,773

5,308,526 152,o49

i16,448,92o 5,o79,822

PART F. ~£,%TERIALS AND SUPPLIES

PURCIIASED SAI~VAGED USED (NET)(b) (c) (d)

951,611 49,638 820,932

4,331 4,600

PART G. SER\/ICE INTERRUPTIONS

2,547 707

2,547,707

SOl A)(e)

5,2411,770

ADJUSTMENT

¯ Amount Due Over 60 Days

AVERAGE MINUTES PER CONSliMER BY CAUSEITI;M POWER SUPPIAER MAJOR EVENT I PI,ANNED

(a) (b)

[

(c)0.000 I.ii0 0.000

.010 .920 .020

PART !t. EMPI,OYEE-IIOUR AND PAYROI,I, STATISTICS

54 p. Payroll- Expensed

105,471125’

Payroll-Capitalized

3,511 Payroll - OtherPART I. PATRONAGE CAPITAL

DESCRIPTION

General Retirementsb. Special Retirements

c. Total Retirements (a + b)Cash Received From Retirement of Patronage Capital bySuppliers of Electric Pov/er

b. Cash Received From Retirement of Patronage Capital byLenders tbr Credit Extended to the Electric System

c. Total Cash Received (a + b)PART J. DUE FROM CONSUMERS FOR ELE(71"RIC SERVICE

79,574 12 Amount Written Oft’During YearENERGY EFFICIENCY ANI) CONSERVATION I,OAN PROGRAM

[4. Anticipated Loan Def’ault %5. Actual Loan Dethult %6 Total Loan Default Dollars YTD

RUS Financial and Operating Report Electric Distribution

Anticipated Loan Delinquenw %Actual Loan DelinquenW %

3. Total Loan I)elmquency Dollars YTD

ALl. OTllER

125. 860

170.470

Tills YEAR

490,104

18,513

508,617

25,274

25,274

BAI,ANCEENI)OF YEAR

90,325,9567,019,539

2,687,8930

~3,487,072

o

i13,52o,46o

5,460,575

I18,981,o35

BAI,ANCEEND OF YEAR

1,363,492

9,642

TOTA I~

126 . 970

171.420

2,325,112

410,815

702,118

CUMU1,ATIVE

20,470, 902

445,196

20, 916,098

32,637

Revision Date 2014

UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION

INSTRUCTIONS - See help in the online application

No ITEM

1 Xcel Ener~2 Western Farmers

Elec Coop, Inc(OK0032)

3 Western Area PowerAdmin

4 *ResidentialRenewable SupplierTotal

BORROWER DESIGNATION

NM0009

SUPPLIERCODE

80033220447

27000

700200


PART K. kWh PURCHASED AND TOTAL COSTRENEWABLE

FUELTYPE

RENEWABLEENERGY

PROGRAMNAME

kWhPURCHASED

(e)220~602~064159,549,802

2,277,120

148,168

382,577,154

TOTALCOST

13~667~9326,066,533

215,041

12,518

19,962r024

AVERAGECOST

(Cents/kWh)

6.203.80

9.4~

8.45

5.22

INCLUDED INTOTAL COST -

FUEL COSTADJUSTMENT

INCLUDED INTOTAL COST -

WHEELINGAND OTHERCHARGES


UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE


INSTRUCTIONS - See help in the online application PERIOD ENDEDDecember, 2016

PART K. kwh PURCHASED AND TOTAL COSTNo Comments

1

234




INSTRUCTIONS - See help in the online application.


N M0009


No NAME OF LESSORta)

1 Rimrock Ranch2 Stanley Owen

TOTAL

PART L. LONG-TERM LEASESTYPE OF PROPERTY

tb)Real EstateReal Estate

RENTAL THIS YEAR

400

400800


UNITED STATES DEPARTMENT OF AGRICLiL J’k RE BORROWER 1)ESIGNAI I()NRURAI, U~rlt ITIES SERVICE NNO009

FINANCIAl. AND OPERATING REPORT PI.IRIOI) [.;NDEDELECTRIC DISTRIBIJTION December, 2016

INSTRUCTIONS - See help in the online application.PART M. ANNUAl, MEETING AND BOARD DATA

1. Date of Last Annual Meeting 2. Total Number of Members 3. Number of Members Present at Meeting 4. Was Quorum Present?

4/30/2016 7, 183 264 Y

5. Number of Members Voting 6, Total Number of Board Members 7, Total Amount of Fees and Expenses 8. Does Manager Haveby Proxy or Mail tbr Board Members Written Contract9

0 7 $ 73,623 N




INSTRUCTIONS - See help in the online application.


NM0009


No ITEM

PART N. LONG-TERM DEBT AND DEBT SERVICE REQUIREMENTS

1 Rural Utilities Service (Excludes RUS -Economic Development Loans)

2 National Rural Utilities Cooperative FinanceCorporation

3 CoBankr ACB4 Federal Financin,~ Bank5 RUS - Economic Development Loans6 Payments Unapplied7 Principal Payments Received from Ultimate

Recipients of IRP Loans8 Principal Payments Received from Ultimate

Recipients of REDL Loans9 Principal Payments Received from Ultimate

Recipients of EE LoansTOTAL

BALANCE END OFYEAR

0

15,324,663

11216169043r805r981

8,259r860

52,087,474

INTEREST(Billed This Year)

393,827

302,857

45fl421~527r668

2,269,494

PRINCIPAL(Billed This Year)

164,613~

1,196,863

201~5971~122~301

2,685,374

TOTAL(Billed This Year)

558,440

1,499,720

246,739

2~649r969

4r954,868


k NIJED STATIIS DEPARTMENT OF AGRICULTURERURAl. UTILITIES SERVICE

FINANCIAL AND OPERATING REPORTELEC’[RIC DISTRIBUTION

INSTRUC I’IONS - See help in the online application.

CLASSIFICATION

1 Residential Sales (excludingseasonal)

2. Residential Sales- Seasonal

3. Irrigation Sales

4. Comm. and lnd 1000 KVA or Less

5. Comm and lnd Over I000 KVA

6. Public Street & Highway Lighting

7. Other Sales to Public Authorities

8. Sales fbr Resale - RUS Borrm~ers

9 Sales [br Resale- Other

10,

il.12.

13

1415.

16.17

18

192O

BORROWER DESIGNATIONNM0009


PART O. POWER REQUIREMENTS DATABASE - ANNUAL SUMMARY

CONSUMER SALES & AVERAGE NO.DECEMBER CONSUMERS SERVED

REVENUE DATA(a) (b)

a. No. Consumers Served 7,641 7,659

kWh Sold

Total No, of Consumers (lines la thru 9a)Total kWh Sold (lines" lb thru 9b)Total Revenue Received From Sales ofElectric Energy (lh~es lc thru 9c)

Transmission Revenue

Other Electric RevenuekWh - Own Use

Total kwh Purchased

Total kWh GeneratedCost of Purchases and Generationlmerchange - kwh - Net

Peak - Sum All kW ln~ut (Metered)Non-coincident__ Coincident X

TOTALYEAR TO DATE

Revenue

No Consumers Served

kWh Sold

No Consumers Served

k\~% Sold

Revenue

No. Consumers Served

84,760,611

9,423,980

kWh Sold

1,750 1,749

5,768,125

No. Consumers Servedk\~% Sold

No. Consumers Served

kWh SoldRevenueNo. Consumers Served

1,022,430

82,234,088

8,416,062

kwh Sold

102,038,006

RevenueNo. Consumers Served

kwh Sold

Revenue

No. Consumers Servedk’~\q~ Sold

Revenue

i0,268,656

39 38

1,014,506

128,229


UNIJED STATES DEPARTMENT OF AGRICULTI RERURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBIiTION

INSTRUCTIONS - See help in the online application

3.4.5.

6.7.

9.

10.

BORROWER DESIGNATIONNN0009

PERIOD EN [)ED December, 2016

PART P. ENERGY EFFICIENCY PROGRAMSAI)I)EI) Tills YEAR

No. ofCLASSIFICATION Consumers

Residential Sales (excluding seasonal) 42

Residential Sales - SeasonalIrrigation Sales

Comm. and lnd 1000 KVA or kessComm. and Ind. Over 1000 KVA

Public Street and ! lighway l,ightingOther Sales to Pablic AuthoritiesSales for Resale - RUS Borrowers

Sales for Resale OtherTotal 4 2

RUS Financial and Operating Report Electric Distribution

Amountinvested

34, 096

EstimatedMMBTU Savings

No. ofConsumers

AmountInvested(o

279,474

TOTA I, TO I)ATEEstimated

MMBTU Sa~,ings

2,372

34,096 226 315 279,474 2,372

Revision Date 2014


BORROWER DESIGNATIONNM0009


INVESTMENTS, LOAN GUARANTEES AND LOANS


INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in PartC. Identify all investments in Rural Development with an ’X’ in column (e). Both ’Included’ and ’Excluded’ Investments must be reported. See help in the onlineapplication.

PART Q. SECTION I. INVESTMENTS ~See Instructions for definitions of Income or Loss)

No DESCRIPTION INCLUDED EXCLUDED INCOME OR LOSS

(a)2 investments in Associated Organizations

CFCCoBank

CFC - Capital Term InvestmentsWFEC Equit~WFEC PowerAssociated Assn’s - VariousRoosevelt Count), Telephone Cooperative

Southeastern Data CooperativeEastern New Mexico Telephone CooperativeTotals

4 Other InvestmentsMerrilll Lynch Mutual FundsTotals

6 Cash - General

NM Bank & Trust Special ConstructionCitizens - Ft Sumner

First National Bank ofNM - LoganWells Fargo - Santo RosaNew Mexico Bank & TrustTotals

7 Special DepositsSpecial DepositsTotals

8 Temporary, InvestmentsCFC - Medium Term Notes

CFC - Commericial PaperCFC Daily FundMerrill Lynch - Cash Management AccountTotals

9 Accounts and Notes Receivable - NETNotes ReceivableAccounts Receivable OtherTotals

11 TOTAL INVESTMENTS (1 thru 10)

($) ($) ($)

247~2577~658

106r95555r274

417,144

1,762,1181 ~762) 18

223,324

13~669760,989

8,396~462

797537

9~473~981

135,19313~050

601

~ 8~5542~218~2612~385~659

170

170

30~56730~567

1~19228~737

29~9294,625,587

2~000~000

4~500~000308~248

6~808~248

16,282,229

RURALDEVELOPMENT

RUS Financial and Operating Report Electric Distribution - Investments Revision Date 2014

UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0009

FINANCIAL AND OPERATING REPORT PERIOD ENDEDELECTRIC DISTRIBUTION December, 2016INVESTMENTS, LOAN GUARANTEES AND LOANS

INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in PartC. Identify all investments in Rural Development with an ’X’ in column (e). Both ’Included’ and ’Excluded’ Investments must be reported. See help in the onlineapplication.

No ORGANIZATION

TOTALTOTAL (Included Loan Guarantees Only)

PART Q. SECTION II. LOAN GUARANTEESMATURITY DATE ORIGINAL AMOUNT

($)LOAN BALANCE

($)(d)

RURALDEVELOPMENT

RUS Financial and Operating Report Electric Distribution - Loan Guarantees Revision Date 2014

UNITED STATES DEPARTMENT OF AGRICULTURE ,BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0009

FINANCIAL AND OPERATING REPORT PERIOD ENDEDELECTRIC DISTRIBUTION December, 2016INVESTMENTS, LOAN GUARANTEES AND LOANS

INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in PartC. Identify all investments in Rural Development with an ’X’ in column (e). Both ’Included’ and ’Excluded’ Investments must b~ reported. See help in the onlineapplication.

SECTION iII. RATIORATIO OF INVESTMENTS AND LOAN GUARANTEES TO UTILITY PLANT 3.89 %[Total of Included Investments (Section I, 1 I b) and Loan Guarantees - Loan Balance (Section 11, 5d) to Total Utility Plant (Line 3, Part

Ct of this report]

No ORGANIZATION

~a~1 Employees~ Officers~ Directors2 Energy Resources Conservation Loans

TOTAL

SECTION IV. LOANSMATURITY DATE ORIGINAL AMOUNT

($)LOAN BALANCE

($)RURAL

DEVELOPMENT{e)

RIIS Financial and Operating Report Electric Distribution - Loans Revision Date 2014

Documents

Re: NMPRC 17.3.510.12 NMAC - Annual Reporting Enclosed are ... · 3701 THORNTON ST , PO BOX 550 ¯ CLOVIS, NEW MEXICO 88101 , TEL (575) 762-4466 ¯ 1-800-445-8541 , FAX (575) 769-2118