Wyoming Public Service Commission Utility Annual Report - Rural Electric Association 2016 Required Pursuant to WPSC Rule Chapter 3, Section 32 2515 Warren Avenue, Suite 300 Cheyenne, WY 82002 Exact legal name of reporting company: Company docket number: Street address or P.O. box: City, state and ZIP code: Telephone number: Fax number: Website URL: Contact person: Email address of contact person: WYRULEC COMPANY 10016 PO Box 359 Lingle WY 82223 (307) 837-2225 (307) 837-2115 www.wyrulec.com Ryan Schilreff rschilreff@wyrulec.com Report for the calendar year ended December 31, 2016 GENERAL WYOMING PUBLIC SERVICE COMMISSION UTILITY ANNUAL REPORT 1. A signed and notarized Oath and Verification page must be mailed to the WPSC, and a completed annual report shall be filed with the Wyoming Public Service Commission on or before May 1 following the year end to which this report applies. 2. Each inquiry contained in this report must be definitely answered. 3. Any material sought to be kept confidential must be mailed to the Wyoming Public Commission with a written request that the material be treated as confidential under Chapter 2, Section 30, Confidentiality of Information, of the PSC's Rules. All confidential information must be clearly labeled as such and printed on yellow paper. 4. Please contact the Wyoming Public Service Commission office at (307) 777-7427 if there are any questions concerning the content of this annual report. 5. Please provide Wyoming and Total Company numbers in the annual report. If Wyoming numbers equal Total Company numbers, please indicate such by including the numbers in both columns. Submission Date Original Filing 1st Revision 2nd Revision 3rd Revision Wyoming Public Service Commission Annual Report 1. Title Page Page 1 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Company Information Year of incorporation: Year company first began Wyoming operations: Business organization: Specify organization type if "Other": Total number of Wyoming customers as of December 31, 2016: 1936 1937 C-Corporation 501C-12 4,557 Names of counties, cities and towns served by the company: Wyoming Counties: Goshen, Platte, Laramie Wyoming Towns (retail): Hartville, Yoder, LaGrange, Hawk Springs, Huntley, Veteran Nebraska Counties: Banner, Sioux, Scottsbluff Name of owning, controlling or operating corporation or organization: Headquarters (H) Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Person to be contacted for additional information regarding Wyoming operations: Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Person to be contacted regarding Wyoming operation complaints (P): Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Person in charge of Wyoming regulatory affairs (R): Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Person in charge of Wyoming utility assessment affairs (S): Ryan Schilreff Name: PO Box 359 Address: Lingle, WY 82223 City, State, ZIP Code: (307) 837-2225 Telephone: Email: rschilreff@wyrulec.com Person to be contacted concerning this annual report (N): Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Person to be contacted concerning emergencies: (Provide a 24/7 contact telephone number.) Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone (24/7): 307-575-2435 Email: rschilreff@wyrulec.com Registered agent (G): Name: Ryan Schilreff Address: PO Box 359 City, State, ZIP Code: Lingle, WY 82223 Telephone: (307) 837-2225 Email: rschilreff@wyrulec.com Wyoming Public Service Commission Annual Report 2. Company Information Page 2 of 28 BOARD OF DIRECTORS RYAN SCHILREFF GENERAL MANAGER TIPHANIE FUSS OFFICE MANAGER JOSEPH KINNAN OPERATIONS MANAGER WYRULEC STAFF Wyoming Public Service Commission Annual Report Tab: 2.1 Organizational Chart Page 3 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Operating Managers Report the name and title of each operating manager of the utility. Include such positions as general manager, director of operations, chief engineering manager, chief financial manager, office manager and director of customer service. Name Ryan Schilreff Joseph Kinnan Tiphanie Fuss Title (and address if different from address on title page) General Manager Operations Manager Office Manager Officers Report the names and titles of the top six officers. Name Dewey Hageman Clay Peterson Julie Kilty Kenda Knudsen Jack Preston Title (and address if different from address on title page) President Vice President Treasurer Secretary Assistant Secretary Directors Report the name and term of each person who held a directorship during any part of the reporting year. Name Dewey Hageman Clay Peterson Julie Kilty Kenda Knudsen Jack Preston Term (and address if different from address on title page) 2004-2019, 2394 Rd. 124 Jay Em, WY 82219 2013-2019, 1853 East L Street Torrington, WY 82240 2005-2018, PO Box 40 LaGrange, WY 82221 2014-2020, 2234 East A Streeet Torrington, WY 82240 1978-2020, 192726 Preston Rd. Lyman, NE 69352 Wyoming Employees Report the number of employees by classification. Classification Executive: Office: Field: Total Wyoming employees: Number 1 7 15 Employer Wyrulec Company Wyrulec Company Wyrulec Company 23 Wyoming Public Service Commission Annual Report 3. Personnel Page 4 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Plant in Service 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other: Subtotal General: Boiler Plant Equipment: Eng & Eng-Driven Equipment: Turbogenerator Units: Other Power Plant Equipment: Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System 2015 Allocation Factor 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 2016 Allocation Factor 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 53.10% 53.10% See Notes 48.00% 83.90% 83.90% 83.90% 83.90% 83.90% 84.30% 84.30% 84.30% 84.30% 84.30% Wyoming 2016 Beginning Balance $ $ $ $ $ 171,976 4,269,368 130,665 1,366,692 25,093 $ $ $ $ $ $ $ $ $ $ $ $ $ Additions Retirements 9,477.88 $ Adjustments $ 68,619 $ $ (28,963) (8,618) (2,847) 386,460 6,350,254 $ $ 22,842 100,938 $ $ (10,934) (51,363) $ 153,598 683,739 837,337 14,508,780 1,959,352 3,492,845 1,218,586 2,143,921 23,323,484 30,511,075 $ $ $ $ $ $ $ $ $ $ 97,509 97,509 1,606,857 153,057 66,932 114,163 1,941,009 2,139,457 $ $ $ $ $ $ $ $ $ $ $ (119,546) (59,648) (179,194) (308,279) (26,788) (106,960) (29,348) (67,411) (538,785) (769,342) Transfers - $ - $ - $ - $ - $ - $ $ - $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 171,976 4,269,368 111,180 1,426,692 22,246 398,368 6,399,830 34,052 721,600 755,652 15,807,358 1,932,564 3,538,942 1,256,170 2,190,673 24,725,709 31,881,190 Wyoming Plant in Service Notes: Transmission Sub Station Allocation Factor: Exact value reflected for only transmission substation owned in Wyoming (LaGrange 115 -34.5 Sub). All Items reconcile to Department of Revenue Values. Wyoming Public Service Commission Annual Report 4. Plant in Service Page 5 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Plant in Service Total Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other: Subtotal General: Boiler Plant Equipment: Eng & Eng-Driven Equipment: Turbogenerator Units: Other Power Plant Equipment: Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System 2016 Beginning Balance $ 1,590 $ $ $ $ $ 171,976 4,269,368 130,665 1,366,692 25,093 $ $ $ $ $ $ $ $ $ $ $ $ $ Additions Retirements 9,477.88 $ Adjustments $ 68,619 $ $ (28,963) (8,618) (2,847) 386,460 6,351,844 $ $ 22,842 100,938 $ $ (10,934) (51,363) $ 287,367 1,287,644 1,575,011 17,282,387 2,335,342 4,163,105 1,452,425 2,555,329 27,788,588 35,715,443 $ - $ $ $ 274,894 274,894 1,782,396 $ $ $ $ $ 181,562 79,397 135,425 2,178,781 2,554,613 $ $ $ $ $ $ $ $ $ $ $ (183,538) (59,688) (243,226) (365,693) (31,776) (126,880) (34,813) (79,966) (639,128) (933,717) Transfers - $ - $ - $ - $ - $ - $ $ - $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 1,590 171,976 4,269,368 111,180 1,426,692 22,246 398,368 6,401,420 103,829 1,502,850 1,606,679 18,699,090 2,303,566 4,217,788 1,497,009 2,610,788 29,328,241 37,336,339 Total Company Plant in Service Notes: All items reconcile to Department of Revenue Values. Wyoming Public Service Commission Annual Report 4. Plant in Service Page 6 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Reserve for Depreciation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other Subtotal General: Boiler Plant Equipment Eng & Eng-Driven Equipment Turbogenerator Units Other Power Plant Equipment Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System Wyoming Cost of Removal or Retirement Salvage Annual Depr. Rate 0.00% 2016 Beginning Balance $ 1,590 Depreciation Expense Book Cost of Plant Retired 2.00% 5.00% 14.00% 3.60% $ $ $ $ $ $ $ $ 100,142 22,897 102,038 648 $ $ $ (35,758) (8,618) (2,790) $ $ (54,052) 1,223,678 $ 225,726 $ $ (47,166) $ $ $ $ $ $ $ $ $ $ $ $ 51,179 643,060 694,239 6,767,964 466,570 406,883 11,709 286,673 7,939,799 9,857,716 122,781 30,611 153,392 456,714 53,005 95,006 38,370 126,773 769,869 1,148,986 $ $ $ $ $ $ $ $ $ $ $ 2.75% 2.75% 2.30% 2.70% 2.60% 3.10% 10.04% 234,250 389,066 631,605 21,219 $ $ $ $ $ $ $ $ $ $ $ (206,897) (122,886) (329,783) (526,710) (26,742) (109,149) (45,971) (67,298) (775,871) (1,152,820) Adjustments Transfers 10,176 10,176 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ $ 10,176 $ $ - $ $ - $ $ - 2016 Ending Balance $ 1,590 $ $ $ 334,392 $ 376,205 $ 725,025 $ 19,077 $ $ (43,876) $ 1,412,413 $ $ $ $ $ $ (32,937) $ 550,785 $ 517,848 $ 6,697,968 $ 492,833 $ 392,740 $ 4,108 $ 346,148 $ 7,933,797 $ 9,864,058 Wyoming Reserve for Depreciation Notes: Line 10 Entry : Figure represents change in balance of Retirement Work in Progress-Force Account 108.80. All items reconcile to Department of Revenue values. Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 7 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Reserve for Depreciation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other Subtotal General: Boiler Plant Equipment Eng & Eng-Driven Equipment Turbogenerator Units Other Power Plant Equipment Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System Total Company Cost of Removal or Retirement Salvage 2016 Beginning Balance $ 1,590 Depreciation Expense Book Cost of Plant Retired $ $ $ $ $ $ $ $ 100,142 22,897 102,038 648 $ $ $ (35,758) (8,618) (2,790) (54,052) 1,223,678 $ 225,726 $ $ (47,166) $ 139,524 35,594 175,118 530,391 62,981 112,888 45,592 150,632 902,484 1,303,328 $ $ $ $ $ $ $ $ $ $ $ $ $ 234,250 389,066 631,605 21,219 $ $ 96,183 $ 1,208,533 $ 1,304,716 $ 8,052,290 $ 555,110 $ 484,047 $ 13,930 $ 341,076 $ 9,446,453 $ 11,974,847 $ $ $ $ $ $ $ $ $ $ $ (235,138) (142,891) (378,029) (625,843) (31,775) (129,692) (54,623) (79,965) (921,898) (1,347,093) Adjustments Transfers 10,176 10,176 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ $ 10,176 $ $ - $ $ - $ $ - 2016 Ending Balance $ 1,590 $ $ $ 334,392 $ 376,205 $ 725,025 $ 19,077 $ $ (43,876) $ 1,412,413 $ $ $ $ $ $ 569 $ 1,101,236 $ 1,101,805 $ 7,956,838 $ 586,316 $ 467,243 $ 4,899 $ 411,744 $ 9,427,039 $ 11,941,258 Total Company Reserve for Depreciation Notes: Line 10 Entry : Figure represents change in balance of Retirement Work in Progress-Force Account 108.80. All items reconcile to Department of Revenue values. Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 8 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Balance Sheet - Assets & Other Debits 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Account Description Total Utility Plant in Service Construction Work in Progress Total Utility Plant Accumulated Provision for Depreciation and Amortization Net Utility Plant Non-Utility Property (Net) Investments in Subsidiary Companies Investments in Assoc Org - Patronage Capital Invest in Assoc Org - Other - General Funds Invest in Assoc Org- Other - Nongeneral Funds Investments in Economic Development Projects Other Investments Special Funds Total Other Property & Investments Cash - General Funds Cash - Construction Funds - Trustee Special Deposits Temporary Investments Notes Receivable (Net) Accounts Receivable - Sales of Energy (Net) Accounts Receivable - Other (Net) Fuel Stock Materials and Supplies Prepayments Other Current and Accrued Assets Total Current and Accrued Assets Unamortized Debt Discount & Extraordinary Property Losses Regulatory Assets Other Deferred Debits Accumulated Deferred Income Taxes Total Assets & Other Debits 2015 2016 Allocation Allocation Factor Factor Wyoming 2016 Beginning 2016 Ending Balance Balance $ - $ - $ - $ - $ $ $ - - - $ $ $ - - - Total Company 2016 Beginning 2016 Ending Balance Balance $ 35,715,442 $ 37,336,339 $ 962,381 $ 465,090 $ 36,677,823 $ 37,801,429 $ (11,974,847) $ (11,941,258) $ 24,702,976 $ 25,860,171 $ 11,471,388 $ 11,696,636 $ 393,057 $ 392,821 $ $ $ $ $ 183,132 409,026 12,456,603 1,097,658 2,170 $ 282,676 $ $ $ 12,372,133 1,065,997 8,680 $ $ $ 117,958 1,369,734 9,399 $ $ $ 112,139 1,494,490 4,984 $ $ $ $ 389,641 77,459 4,389 3,068,408 $ $ $ $ 428,594 77,642 4,377 3,196,903 $ 310,272 $ 289,037 $ 40,538,259 $ 41,718,244 Notes: Assets and other debits represent system totals only and are not differentiated between Wyoming and Total Company. Wyoming Total Utility Plant in service is valued at $31,881,190 and is represented on tab 4. Wyoming Public Service Commission Annual Report 6. Balance Sheet - Assets Page 9 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Balance Sheet - Liabilities, Equity & Credits 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Account Description Memberships Patronage Capital Operating Margins - Prior Years Operating Margins - Current Year Non-Operating Margins Other Margins and Equities Total Margins & Equities Long-Term Debt - RUS (Net) Long-Term Debt - FFB - RUS Guaranteed Long-Term Debt - Other - RUS Guaranteed Long-Term Debt - Other (Net) Long-Term Debt - RUS - Econ Development (Net) Payments - Unapplied Total Long Term Debt Obligations Under Capital Leases - Noncurrent Accumulated Operating Provisions & Asset Retirement Obligations Total Other Non-current Liabilities Notes Payable Accounts Payable Consumers Deposits Current Maturities Long-Term Debt Current Maturities Long-Term Debt - Rural Development Current Maturities - Capital Leases Taxes Accrued Interest Accrued Other Current and Accrued Liabilities Total Current & Accrued Liabilities Regulatory Liabilities Other Deferred Credits Accumulated Deferred Income Taxes Total Liabilities and Other Credits 2015 Allocation Factor 2016 Allocation Factor Wyoming 2016 Beginning 2016 Ending Balance Balance $ - $ - Total Company 2016 Beginning 2016 Ending Balance Balance $ 10,095 $ 9,720 $ 16,327,072 $ 17,314,853 $ 1,308,403 $ 1,238,002 $ 605,035 $ 1,049,658 $ 870,416 $ 556,278 $ 617,376 $ 684,652 $ 19,738,397 $ 20,853,163 $ 5,050,626 $ $ 1,957,227 $ 1,897,751 $ - $ - $ $ $ $ $ - $ - $ $ $ - - $ $ - - 11,191,928 554,154 (1,348,622) 17,405,313 - $ $ $ $ 15,533,702 554,154 (1,417,328) 16,568,279 650,000 1,173,445 3,957 772,577 $ $ $ 1,128,967 8,346 825,939 $ $ $ $ $ $ $ 353,449 2,316,701 $ $ 436,071 3,036,050 $ 1,077,848 $ 1,260,752 $ 40,538,259 $ 41,718,244 Notes: All values are generated by the total company and do not differentiate Wyoming only. Wyoming Public Service Commission Annual Report 7. Balance Sheet - Liabilities Page 10 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. Organization NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service FFB FFB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 50 Total Authorizing Docket 69001001 69002001 69003001 69003002 69003003 69004001 69006001 69007001 69008001 69009001 14200 14201 1B230 1B231 1B232 1B233 1B234 H0010/10001 H0015/10002 Issue Date 1/1/06 1/1/06 1/1/06 1/1/06 1/1/06 5/1/05 12/7/11 12/6/11 4/2/12 10/19/16 6/1/80 1/1/82 4/1/02 8/1/03 10/1/04 4/1/02 4/1/02 12/5/14 12/11/15 Maturity Date 6/1/22 9/1/28 8/31/34 8/31/34 2/28/35 5/31/20 11/30/36 11/30/36 2/28/37 10/31/34 11/30/16 11/30/16 4/1/37 8/1/38 10/1/39 4/1/37 4/1/37 3/31/34 12/31/46 Face Amount Authorized $ 187,248 $ 246,372 $ 543,303 $ 348,561 $ 576,178 $ 1,721,624 $ 3,500,000 $ 5,898,260 $ 1,012,413 $ 5,100,900 $ 2,808,000 $ 619,000 $ 2,545,000 $ 1,035,000 $ 1,805,000 $ 114,000 $ 1,095,000 $ 800,000 $ 1,250,000 Total Amount Issued $ 187,248 $ 246,372 $ 543,303 $ 348,561 $ 576,178 $ 1,721,624 $ 3,500,000 $ 5,898,260 $ 1,012,413 $ 5,100,900 $ 2,808,000 $ 619,000 $ 2,545,000 $ 1,035,000 $ 1,805,000 $ 114,000 $ 1,095,000 $ 800,000 $ 1,250,000 $ $ 31,205,858 Interest Rate 6.700% 6.750% 6.750% 6.750% 6.750% 6.400% 4.650% 4.650% 4.550% 3.300% 2.000% 2.000% 4.598% 4.880% 2.836% 2.380% 2.446% 3.076% 2.756% 31,205,858 Notes 1: Rural Utilities Service Loans 1B230-1B234 refinanced with NRU Cooperative Finance Cooperation Loan 69009001 on October 19, 2016. Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 11 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 50 Total Company Debt Issuance Cost Original Unamortized Amount Amount Organization NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation NRU Cooperative Finance Corporation Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service Rural Utilities Service FFB FFB Total $ - $ - Interest Accrued $ - Interest Paid Principal Paid During Year During Year $ 6,229 $ 12,649 $ 11,806 $ 9,335 $ 29,898 $ 12,590 $ 14,882 $ 12,230 $ 31,954 $ 12,839 $ 41,771 $ 142,447 $ 142,730 $ 92,036 $ 247,329 $ 155,100 $ 41,786 $ 26,595 $ 33,927 $ 34,617 $ 1,404 $ 114,115 $ 333 $ 27,049 $ 65,634 $ 43,489 $ 31,535 $ 16,894 $ 54,985 $ 29,336 $ 1,766 $ 2,421 $ 17,532 $ 23,333 $ 24,201 $ 31,452 $ 38,742 $ 23,162 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 838,444 $ 821,689 Total minimum principal payments required for 2016: $ 821,689 Outstanding Balances Year Year Beginning Ending 99,455 $ 86,806 181,736 $ 172,400 456,130 $ 443,540 229,317 $ 217,087 487,283 $ 474,445 718,664 $ 576,216 3,190,396 $ 3,098,360 5,376,510 $ 5,221,410 928,258 $ 901,663 $ 5,054,877 114,115 $ 27,049 $ 2,006,005 $ 815,984 $ 1,434,794 $ 88,733 $ 859,451 $ 761,840 $ 730,388 1,250,000 $ 1,226,838 19,025,720 $ 18,204,030 Notes 2: Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 12 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Statement of Operations 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Operating Revenue & Patronage Capital Power Production Expense Cost of Purchased Power Transmission Expense Distribution Expense-Operation Distribution Expense-Maintenance Consumer Accounts Expense Customer Service & Informational Expense Sales Expense Administrative and General Expense Total Operation and Maintenance Expense Depreciation & Amortization Expense Tax Expense - Property & Gross Receipts Tax Expense - Other Interest on Long-term Debt Interest Charged to Construction - Credit Interest Expense - Other Other Deductions Total Cost of Electric Service Patronage Capital & Operating Margins Non-operating Margins - Interest Allowance for Funds Used During Construction Income (Loss) from Equity Investments Non-operating Margins - Other Generation & Transmission Capital Credits Other Capital Credits & Patronage Dividends Extraordinary Items Patronage Capital or Margins $ Wyoming 15,745,173.58 $ Total Company 18,199,141 $ $ $ $ $ $ $ $ $ $ $ 10,548,910.35 18,001.96 924,007.97 502,290.43 268,154.32 52,277.67 1,127.66 917,182.38 13,231,953 859,521.31 724,506.17 $ $ $ $ $ $ $ $ $ $ $ 12,207,861 20,833 1,069,320 581,282 310,325 60,499 1,305 1,061,421 15,312,846 994,692 838,444 $ 3,025.24 $ 3,501 $ $ $ 14,819,005 926,168 85,382.51 $ $ $ 17,149,483 1,049,658 98,810 $ $ $ 1,546.75 312,921.16 80,833.85 $ $ $ 1,790 362,132 93,546 $ 1,406,852 $ 1,605,936 Patronage Capital Cash Received $ 187,148 $ 216,580 Notes: Only revenue is tracked separately between Wyoming and Nebraska. Expenses are represented by allocation percentages. This may not reflect acutal expenses for Wyoming. Wyoming Public Service Commission Annual Report 9. Statement of Operations Page 13 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Customer Counts, Operating Revenues, Demand and Energy Delivered Wyoming 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Title of Account Sales of Electricity Residential Sales (440) 440.1 Residential Sales - Excluding Seasonal 440.2 Residential Sales - Seasonal 441 Irrigation Sales Commercial Sales (442.x) 442.1x Commercial Sales - 1000 kVA or Less 442.2x Commercial Sales - Greater than 1000 kVA Industrial Sales (442.y) 442.1y - Industrial Sales - 1000 kVA or Less 442.2y - Industrial Sales - Greater than 1000 kVA Public Street and Highway Lighting (444) Other Sales to Public Authorities (445) Sales to Railroads and Railways (446) Interdepartmental Sales (448) TOTAL Electric Sales Sales for Resale (447) 447.1 Sales for Resale - RUS Borrowers 447.2 Sales for Resale - Other TOTAL Sales of Electricity Provision for Rate Refunds (449.1) TOTAL Revenues Net of Provision for Refunds Other Operating Revenues Forfeited Discounts (450) Miscellaneous Service Revenues (451) Sales of Water and Water Power (453) Rent from Electric Property (454) Interdepartmental Rents (455) Other Electric Revenues (456) Revenues from Transmission of Electricity of Others (456.1) Regional Transmission Service Revenues (457.1) Miscellaneous Revenues (457.2) TOTAL Other Operating Revenues TOTAL Electric Operating Revenues 35 36 37 38 39 Energy Sales and Use Summary Total Sales to Customers Energy Furnished without Charge Company Use (Excluding Station Use) Energy Losses Total Average Customer Count Revenue Total Company Revenue Demand and Energy Delivered KW kWh 3,268 2,960 308 837 406 323 83 13 $ $ $ $ $ $ $ $ 4,534,498 4,341,470 193,028 3,382,186 1,023,010 521,602 501,408 7,241,485 13 39 3 $ $ $ 7,241,485 20,024 46,916 138,085 733 74,475,318 109,701 383,480 4,566 0 $ 16,248,119 $ - 246,730 0 136,600,702 0 $ 18,781,181 $ - 4,566 $ 16,248,119 246,730 136,600,702 $ 18,781,181 4,566 $ 16,248,119 246,730 136,600,702 $ 18,781,181 107,912 0 138,085 29,642,091 28,895,055 747,036 24,606,616 7,383,496 3,555,315 3,828,181 74,475,318 $ $ $ $ $ $ $ $ $ $ $ $ 4,931,268 4,705,431 225,837 4,141,000 1,139,249 1,139,249 8,353,117 8,353,117 21,413 195,134 $ 15,174 $ 17,560 $ 518 $ 600 $ $ 4,566 0 (173) (518,465) $ (502,945) $ 15,745,174 $ $ 246,730 136,600,702 (200) (600,000) $ (582,040) $ 18,199,141 kWh 136,600,702 0 308,964 6,739,964 143,649,630 Notes: Lines 1-22 represent exact revenue values for Wyoming totals and Company totals. Lines 24-32 for Wyoming only, represent other operating revenues by an allocation percentage of 86%. This allocation factor is figured by comparing the total Wyoming electric revenue to total Company electric revenue. Line 33, Column D includes deferred revenue. Lines 35-39 represent Wyoming totals only. Wyoming Public Service Commission Annual Report 10. Revenue Summary Page 14 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Rate Base and Return on Rate Base Description 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Rate Base Additions Plant in Service Plant Held for Future Use Prepayments Materials and Supplies Cash Working Capital Deferred Debits Subtotal Wyoming $ 31,881,190 $ $ $ $ 64,136 428,594 315,837 (289,037) $ 32,400,720 $ 9,864,058 $ 3,807 Subtotal Total Rate Base $ $ 9,867,865 22,532,855 Net Utility Operating Income Actual Rate of Return on Rate Base Actual Rate of Return on Equity Actual Operating Ratio (if applicable) Actual Capital Structure - Percent Debt Actual Capital Structure - Percent Equity Authorized Rate of Return on Rate Base Authorized Rate of Return on Equity Authorized Operating Ratio (if applicable) Effective Date of Rates of Return or Operating Ratio Docket No. of Authorization Capital Structure in Docket No. Above - Percent Debt Capital Structure in Docket No. Above - Percent Equity Cost of Debt in Capital Structure in Docket No. Above Operating Ratios Operating Times Interest Earned Ratio (OTIER) Rural Utilities Service OTIER (RUS OTIER) Net Times Interest Earned Ratio (NTIER) Operating Debt Service Coverage Ratio (ODSC) Net Debt Service Coverage Ratio (NDSC) Modified Debt Service Coverage Ratio (MDSC) $ 15,745,174 6.970% 7.700% Rate Base Deductions Accumulated Provision for Depreciation Accumulated Provision for Amortization Accumulated Deferred Income Tax Consumer Advances for Construction Consumer Deposits Consumer Energy Prepayments Deferred Credits Wyoming Public Service Commission Annual Report 45.400% 54.500% Opted Out Opted Out NA NA NA 2.490 2.490 2.920 1.880 2.100 1.820 11. Rate Base & Return on RB Page 15 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Rate Base and Return on Rate Base Notes: Total rate base reflects Wyoming totals only. Total system (Wyoming & Nebraska) reflects $25,996,446 Values for Utility Operating Income including all rate base calculations and statistics are compiled by using System totals, not Wyoming only. System does not break out debt or equity per state. Borrower Statistical Profile dated March 8, 2017 supplied Actual Rate of Return on Rate Base and information for Operating Ratios. Lines 45 & 46 Capitalization Ratios were used for these values. Wyoming Public Service Commission Annual Report 11. Rate Base & Return on RB Page 16 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Electric Utility Load and Resources Report (Wyoming System Only) Peak Wyoming System Demands and Annual Energy Reported data are: See Notes 1 2 3 4 5 6 7 Year 2013 2014 2015 2016 2017 2018 2019 Summer (April - September) Month KW 30,105 August August 31,958 August 34,904 July 38,830 July 39,948 July 40,163 July 40,388 2016 Peak Day 8 9 10 Date Time KW Reading (If actual data are not available, provide the basis for the estimates in the notes section.) Winter (October - March) Month KW December 18,711 December 20,672 February 21,665 December 23,533 January 26,568 January 26,656 January 26,735 Annual Energy kWh 96,238,776 98,244,015 117,279,190 136,600,702 205,064,000 205,769,000 206,527,000 Notes: Summer and Winter Member Coincident Peak KW represents total system for the years 2013-2016. Years 2017-2019 are the projected energy KW for the total system from the Tri State G&T 20 year load forecast. Annual Energy kWh for the years 2013-2016 represent Wyoming actuals. Annual Energy kWh for the years 2017-2019 are the projected energy kWh totals for the entire system from the Tri State G&T 20 year load forecast. Notes: 2016 Peak day represents entire system. 7/23/2016 4:00 P.M. 38,830 Sources of Electricity 11 12 13 14 Year 2013 2014 2015 2016 15 16 17 18 Year 2013 2014 2015 2016 Steam Generation KW kWh Hydro Generation KW kWh Purchased Power KW kWh 187,680 137,332,531 188,205 137,616,319 205,334 150,086,378 293,460 166,151,510 Owned Generation Internal Combusion Engine Wind Generation KW kWh KW kWh Other Generation KW kWh Total Owned Generation KW kWh 0.0 0 0.0 0 0.0 0 0.0 0 Notes: Purchased Power represents entire system. Power Purchase Contracts Supplier 19 Tri State Generation & Transmission 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 159 Totals Wyoming Public Service Commission Annual Report 2016 KW Purchases 293,460 2016 kWh Purchases 166,151,510 293,460 166,151,510 Contract Expiration Date 12/31/2050 Power Purchase Contracts Notes, page 1 Purchases represent entire system. 12. Load & Resources Page 17 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Transmission and subtransmission lines: Nominal Voltage Miles of Line 34500 53.67 Phase 17 Single Phase: 18 Three Phase: 19 Instrument Rated Phase: Primary underground distribution lines: Nominal Voltage Miles of Line 7200 59.61 14400 1.08 Total Meters in Service 3,623 781 75 Meters in Service in Wyoming Advanced Meters in Service 13 Primary overhead distribution lines: Nominal Voltage Miles of Line 7200 1,449.53 14400 137.50 Types of Advanced Meters in Service MV90/MAXCOM Notes: Wyoming Public Service Commission Annual Report 13. T & D Plant Page 18 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Name of Distribution Substation Guernsey Quarry Whipple Fort Laramie Amoco Rocky Mountain #1 Fort Laramie Rural Rocky Mountain #2 Eighty Eight Oil Oneok Fort Laramie Lingle Torrington 7.2 Torrington 14.4 Yoder Veteran LaGrange Rural Hawk Springs Four Corners Oneok Meridan Wyoming Public Service Commission Annual Report Distribution Substations in Wyoming Section Township Primary Voltage Range Secondary Voltage (i.e. 26-20-84) Number of Circuits 34500 36-27-66 1 34500 36-27-66 3 34500 23-26-64 1 34500 23-26-64 3 34500 23-26-64 2 34500 26-64-22 1 34500 25-64-14 1 34500 13-25-62 3 34500 35-25-62 3 34500 35-25-62 2 34500 36-23-62 4 34500 01-23-62 3 34500 03-19-61 4 34500 23-21-62 3 34500 06-19-62 3 34500 19-63-26 1 Transformers by Voltage 2400 7200 2400 7200 4160 7200 4160 7200 7200 14400 7200 7200 7200 7200 7200 4160 Nameplate Capacity of Transformers by Voltage 1,500 5,000 5,000 2,500 5,000 3,750 5,000 5,000 5,000 7,500 5,000 3,750 3,750 2,166 1,500 5,000 Peak Loading of Transformers for Reporting Year 931 1,889 1,494 1,342 1,403 613 3,025 2,587 3,868 4,680 2,914 2,682 1,916 876 916 3,045 13. T & D Plant Page 19 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 63 64 65 66 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 Name of Transmission Substation or Switch Station Wyoming Public Service Commission Annual Report Transmission Substations and Switch Stations in Wyoming Section Township Primary Voltage Range Secondary Voltage (i.e. 26-20-84) Number of Circuits Transformers by Voltage Nameplate Capacity of Transformers by Voltage Peak Loading of Transformers for Reporting Year 13. T & D Plant Page 20 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 192 193 194 195 Wyoming Public Service Commission Annual Report 13. T & D Plant Page 21 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Emergency Curtailment, Contingency and Integrated Resource Plans Does WYRULEC COMPANY have an emergency curtailment plan for use in Wyoming? No Plan title, plan filing date and comments Does WYRULEC COMPANY have a contingency plan for use in Wyoming? No Plan title, plan filing date and comments Does WYRULEC COMPANY have an integrated resource plan for use in Wyoming? No Plan title, plan filing date and comments Wyoming Public Service Commission Annual Report 14. Emergency Plans & IRPs Page 22 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: Original Filing 1/0/1900 Major Facilities Construction Forecast Description & Details 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Total In-Service Date 2017 Total $ - 2018 Total $ - 2019 Total $ - 2020 Total $ - 2021 Total $ - Five-Year Total $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ - Notes: Wyoming Public Service Commission Annual Report 15. Construction Forecast Page 23 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Smart Grid Technologies Report The Commission's Order in Docket No. 90000-106-XO-08 (Record No. 11992) requires each electric utility to file an annual report regarding developments in smart grid technologies, including which technologies are being promoted by regional planning organizations, whether any smart grid technologies would be beneficial to any particular Wyoming customer, and whether utilities have considered or adopted any available smart grid technologies in Wyoming or in other jurisdictions. File attachments to this report in Docket No. 90000-106-XO-08. Provide the name of WYRULEC COMPANY's regional planning organization: Describe the smart grid technologies WYRULEC COMPANY's regional planning organization is promoting: Describe the smart grid technologies that would be beneficial to WYRULEC COMPANY's customers: Discuss which class of WYRULEC COMPANY's Wyoming customers benefits from each smart grid technology listed above: Discuss the smart grid technologies WYRULEC COMPANY has evaluated or considered adopting in Wyoming or in other jurisdictions: Provide the status of the smart grid technologies WYRULEC COMPANY has adopted or implemented: Wyoming Public Service Commission Annual Report 16. Smart Grid Technologies Page 24 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Important Changes During the Reporting Year For the reporting year, please include a short narrative description on this page of the annual report for the following: 1. Purchase, sale, discontinuance or abandonment of service of major utility facility operating units, property or equipment, specifying a description of the property and the transaction and the docket number for which authorization was granted. 2. All important financial changes of respondent such as bond issues or retirements, showing amounts, identity of bonds and purpose of or reason for the change. 3. Additional matters of fact (not elsewhere provided for) which the respondent may desire to include in this report. Changes, page 1 Rural Utilities Service Loans 1B230-1B234 were refinanced with NRU Cooperative Finance Corporation Loan 69009001 on October 19, 2016. Wyoming Public Service Commission Annual Report 17. Changes During the Year Page 25 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Reconciliation of Gross Wyoming Intrastate Retail Revenue Description 1 Total Wyoming Operating Revenues (400) 2 Gross Wyoming Intrastate Retail Revenues 3 Difference between Operating & Intrastate Revenue 4 Adjustments to Operating Revenue Accounts that Derive 5 Gross Wyoming Intrastate Retail Revenues 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 105 Total Adjustments Amount $15,745,173.58 $15,745,173.58 ($0.00) Amount Adjustment Explanation $0.00 Notes: Wyoming Public Service Commission Annual Report Tab: 18. Intrastate Revenues Page 26 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Interest Rate State the interest rate the utility used for deposits in 2016. If the interest rate used by the utility is different from the Commission Authorized Interest Rate for 2016, please explain why and indicate how the utility will correct or has corrected the oversight. Commission Authorized Interest Rate of 1.75% Supplemental Notes to this Annual Report Supplemental Notes, page 1 Wyoming Public Service Commission Annual Report 19. Int. Rate & Sup. Notes Page 27 of 28 WYRULEC COMPANY Docket No. 10016 Reporting Year: 2016 Original Filing 1/0/1900 Oath and Verification Once report is complete, this page must be printed, signed, notarized, and mailed to the Wyoming Public Service Commission. WYOMING GOSHEN State of: County of: Affiant name: Official title: Legal name of reporting entity: RYAN SCHILREFF GENERAL MANAGER WYRULEC COMPANY The Affiant, of lawful age, first being sworn according to law, upon oath hereby deposes and says: 1. Affiant has, by all necessary action, been duly authorized to make this Verification; 2. Affiant has examined the foregoing Annual Report and all attachments thereto; 3. Except as may be set forth in Paragraph 4 of this Oath and Verification, Affiant hereby verifies, upon Affiant's knowledge, that all statements contained in the foregoing Annual Report and all attachments thereto are correct and complete and constitute a correct statement of the business affairs of the above-named reporting entity with respect to each and every matter set forth therein for the period from and including January 1, 2016, to and including December 31, 2016; 4. Here state the source of Affiant's information and grounds of Affiant's beliefs as to any matters not stated to be verified upon Affiant's knowledge: Affiant Signature: Name and Title (please type): RYAN SCHILREFF, GENERAL MANAGER Notary (seal) (seal) State of: County of: Subscribed and sworn to before me on this WYOMING GOSHEN day of Witness my hand and official seal: My Commission Expires: AUGUST 26, 2020 Wyoming Public Service Commission Annual Report 20. Oath & Verification Page 28 of 28