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: HIGH WEST ENERGY, INC. 10015 PO BOX 519 PINE BLUFFS, WY 82082 (307) 245-3261 (307) 245-9292 www.highwestenergy.com LINDSAY FOREPAUGH lforepaugh@highwestenergy.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. Original Filing 1st Revision 2nd Revision 3rd Revision Wyoming Public Service Commission Annual Report Submission Date 4/19/2017 1. Title Page Page 1 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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: 1937 1940 Other MEMBER OWNED 5,944 Names of counties, cities and towns served by the company: ALBANY,LARAMIE COUNTIES Name of owning, controlling or operating corporation or organization: Headquarters (H) Name: LINDSAY FOREPAUGH Address: PO BOX 519 City, State, ZIP Code: PINE BLUFFS, WY 82082 Telephone: (307) 245-3261 Email: lforepaugh@highwestenergy.com Person to be contacted for additional information regarding Wyoming operations: Name: BRIAN HEITHOFF Address: PO BOX 519 City, State, ZIP Code: PINE BLUFFS, WY 82082 Telephone: (307) 245-3261 Email: bheithoff@highwestenergy.com Person to be contacted regarding Wyoming operation complaints (P): Name: BRIAN HEITHOFF Address: SAME AS ABOVE City, State, ZIP Code: Telephone: Email: Person in charge of Wyoming regulatory affairs (R): Name: BRIAN HEITHOFF Address: SAME AS ABOVE City, State, ZIP Code: Telephone: Email: Person in charge of Wyoming utility assessment affairs (S): Name: BRIAN HEITHOFF Address: SAME AS ABOVE City, State, ZIP Code: Telephone: Email: Person to be contacted concerning this annual report (N): Name: LINDSAY FOREPAUGH Address: SAME AS ABOVE City, State, ZIP Code: Telephone: Email: Person to be contacted concerning emergencies: (Provide a 24/7 contact telephone number.) Name: BRIAN HEITHOFF Address: SAME AS ABOVE City, State, ZIP Code: Telephone (24/7): Email: Registered agent (G): Name: BRIAN HEITHOFF Address: SAME AS ABOVE City, State, ZIP Code: Telephone: Email: Wyoming Public Service Commission Annual Report 2. Company Information Page 2 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 BRIAN HEITHOFF LLOYD SISSON LINDSAY FOREPAUGH KONSTANCE KEEHNEN JEFF BRUCKNER DAVE CROUSE LORRELL WALTER CAROL MACY Title (and address if different from address on title page) GENERAL MANAGER/CEO ENGINEERING MANAGER CHIEF FINANCIAL OFFICER ENERGY SERVICES MANAGER OPERATIONS MANAGER I T MANAGER PUBLICE RELATIONS MANAGER INTERIM WIRING MANAGER Officers Report the names and titles of the top six officers. Name EDWARD PROSSER JERRY BURNETT GARY SMITH DAN ACHESON Title (and address if different from address on title page) PRESIDENT VICE-PRESIDENT TREASURER SECRETARY Directors Report the name and term of each person who held a directorship during any part of the reporting year. Name DAN ACHESON GARY SMITH EDWARD PROSSER MICHAEL LERWICK JAMIE FOWLER JERRY BURNETT KEVIN THOMAS Term (and address if different from address on title page) 2014-2017 2014-2017 2015-2018 2015-2018 2016-2019 2016-2019 2016-2019 Wyoming Employees Report the number of employees by classification. Classification Executive: Office: Field: Total Wyoming employees: Number 7 13 39 Employer 59 Wyoming Public Service Commission Annual Report 3. Personnel Page 3 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 2016 Allocation Factor 64.00% 64.00% 64.00% 64.00% 64.00% 64.00% 64.00% 65.00% 64.00% 49.00% 49.00% 45.00% 45.00% 50.00% 50.00% 50.00% 50.00% 50.00% 49.00% 49.00% 49.00% 49.00% 49.00% Wyoming $ $ $ $ $ $ $ 2015 Ending Balance 2,134 36 526,782 2,210,763 718,246 1,210,192 2,218,320 2016 Beginning Balance $ 2,134 $ 36 $ 526,782 $ 2,210,763 $ 718,246 $ 1,210,192 $ 2,218,320 $ $ $ $ $ 16,035 1,358,477 113,921 22,659 32,735 $ $ 3,027,246 9,913,719 $ $ 3,027,246 9,913,719 $ $ 640,443 2,184,270 $ $ $ $ $ $ $ $ $ $ $ 735,114 2,065,461 2,800,575 26,867,838 2,928,354 6,683,896 1,194,657 2,121,404 39,796,149 52,510,443 $ $ $ $ $ $ $ $ $ $ $ 735,114 2,065,461 2,800,575 26,867,838 2,928,354 6,683,896 1,194,657 2,121,404 39,796,149 52,510,443 $ $ $ $ $ $ $ $ $ $ $ 1,387 118,546 119,933 1,097,270 63,046 323,333 106,003 111,424 1,701,076 4,005,279 Additions Retirements Adjustments Transfers $ - $ - $ - $ - $ - $ - $ $ $ $ $ $ (4,378) (4,378) $ (482,643) (10,290) (30,181) (31,194) - $ - $ $ (554,308) $ (558,686) $ - $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 2,134 36 542,817 3,569,240 832,167 1,232,851 2,251,055 3,667,689 12,097,989 736,501 2,179,629 2,916,130 27,482,465 2,981,110 6,977,048 1,269,466 2,232,828 40,942,917 55,957,036 Wyoming Plant in Service Notes: ################################################################################################ Wyoming Public Service Commission Annual Report 4. Plant in Service Page 4 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 $ $ $ $ $ $ $ 2015 Ending Balance 3,284 55 810,434 3,401,174 1,104,994 1,861,834 3,412,799 2016 Beginning Balance $ 3,284 $ 55 $ 810,434 $ 3,401,174 $ 1,104,994 $ 1,861,834 $ 3,412,799 $ $ $ $ $ 25,054 2,122,620 178,002 35,405 51,148 $ $ 4,657,301 15,251,875 $ $ 4,657,301 15,251,875 $ $ 1,000,692 3,412,921 $ $ $ $ $ $ $ $ $ $ $ 1,500,233 4,215,227 5,715,460 53,735,675 5,856,709 13,367,792 2,389,313 4,242,807 79,592,296 100,559,631 $ $ $ $ $ $ $ $ $ $ $ 1,500,233 4,215,227 5,715,460 53,735,675 5,856,709 13,367,792 2,389,313 4,242,807 79,592,296 100,559,631 $ $ $ $ $ $ $ $ $ $ $ 3,084 263,436 266,520 2,239,327 128,665 659,863 216,333 227,395 3,471,583 7,151,024 Additions Retirements Adjustments Transfers $ - $ - $ - $ - $ - $ - $ $ $ $ $ $ (9,729) (9,729) $ (984,986) (21,000) (61,595) (63,662) - $ - $ $ (1,131,243) $ (1,140,972) $ - $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 3,284 55 835,488 5,523,794 1,282,996 1,897,239 3,463,947 5,657,993 18,664,796 1,503,317 4,468,934 5,972,251 54,990,016 5,964,374 13,966,060 2,541,984 4,470,202 81,932,636 106,569,683 Total Company Plant in Service Notes: Wyoming Public Service Commission Annual Report 4. Plant in Service Page 5 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 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 Annual Depr. Rate 2016 Beginning Balance 2015 Ending Balance Depreciation Expense 64.000% 64.000% 64.000% 64.000% $ $ $ $ 594,863 571,571 536,619 1,039,909 $ $ $ $ 594,863 571,571 536,619 1,039,909 $ $ $ $ 109,041 54,851 171,458 238,335 64.000% $ $ 636,310 3,379,272 $ $ 636,310 3,379,272 $ $ 287,660 861,345 $ 45.000% 49.000% - $ - $ - Book Cost of Plant Retired Wyoming Cost of Removal or Retirement Salvage Adjustments Transfers $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,248,728 $ 1,248,728 $ 12,825,132 $ 1,248,728 $ 1,248,728 $ 12,825,132 $ $ $ 71,817 71,817 1,034,744 $ - $ $ $ (6,325) (6,325) $ (661,843) - $ - $ - $ 12,825,132 $ 17,453,132 $ 12,825,132 $ 17,453,132 $ $ 1,034,744 1,967,906 $ $ - $ $ (661,843) $ (668,168) $ - $ $ - $ $ - Wyoming Reserve for Depreciation Notes: ############################################################################################################ Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 6 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Reserve for Depreciation 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 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 Ending Balance $ $ $ $ 703,904 $ 626,422 $ 708,077 $ 1,278,244 $ $ 923,970 $ 4,240,617 $ $ $ $ $ $ $ 1,314,220 $ 1,314,220 $ 13,198,033 $ $ $ $ $ 13,198,033 $ 18,752,870 Wyoming Reserve for Depreciation Notes: ############################################################################################################ Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 7 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 2016 Beginning Balance 2015 Ending Balance Depreciation Expense $ $ $ $ 915,173 879,340 825,569 1,599,860 $ $ $ $ 915,173 879,340 825,569 1,599,860 $ $ $ $ 170,377 85,705 267,913 372,398 $ $ 978,938 5,198,880 $ $ 978,938 5,198,880 $ $ 449,469 1,345,862 $ - $ - $ - Total Company Cost of Book Cost of Removal or Plant Retired Retirement Salvage Adjustments Transfers $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2,548,423 $ 2,548,423 $ 25,650,264 $ 2,548,423 $ 2,548,423 $ 25,650,264 $ $ $ 159,593 159,593 2,111,722 $ - $ $ $ (14,056) (14,056) $ (1,350,701) - $ - $ - $ 25,650,264 $ 33,397,567 $ 25,650,264 $ 33,397,567 $ $ 2,111,722 3,617,177 $ $ - $ $ (1,350,701) $ (1,364,757) $ - $ $ - $ $ - 2016 Ending Balance $ $ $ $ 1,085,550 $ 965,045 $ 1,093,482 $ 1,972,258 $ $ 1,428,407 $ 6,544,742 $ $ $ $ $ $ $ 2,693,960 $ 2,693,960 $ 26,411,285 $ $ $ $ $ 26,411,285 $ 35,649,987 Total Company Reserve for Depreciation Notes: Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 8 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 2015 Ending Allocation Allocation Balance Factor Factor 100% 100% $ 93,245,725 100% 100% $ 7,313,905 $ 100,559,630 100% 100% $ (32,998,298) $ 67,561,332 Wyoming 2016 Beginning Balance $ 93,245,725 $ 7,313,905 $ 100,559,630 $ (32,998,298) $ 67,561,332 $ $ $ $ $ 2016 Ending Balance 100,280,680 6,289,002 106,569,682 (35,280,296) 71,289,386 $ $ $ $ $ 2015 Ending Balance 93,245,725 7,313,905 100,559,630 (32,998,298) 67,561,332 Total Company 2016 Beginning Balance $ 93,245,725 $ 7,313,905 $ 100,559,630 $ (32,998,298) $ 67,561,332 $ $ $ $ $ 2016 Ending Balance 100,280,680 6,289,002 106,569,682 (35,280,296) 71,289,386 100% 100% 100% 100% 100% 100% $ $ $ 1,582,701 20,555,474 179,471 $ $ $ 1,582,701 20,555,474 179,471 $ $ $ 1,612,853 21,514,881 216,995 $ $ $ 1,582,701 20,555,474 179,471 $ $ $ 1,582,701 20,555,474 179,471 $ $ $ 1,612,853 21,514,881 216,995 100% 100% $ 765,775 $ 765,775 $ $ 550,000 345,334 $ 765,775 $ 765,775 $ $ 550,000 345,334 100% 100% $ $ 23,083,421 2,582,752 $ $ 23,083,421 2,582,752 $ $ 24,240,063 1,449,669 $ $ 23,083,421 2,582,752 $ $ 23,083,421 2,582,752 $ $ 24,240,063 1,449,669 100% 100% 100% 100% $ $ 4,622,133 6,086,903 $ $ 4,622,133 6,086,903 $ $ 4,296,606 4,519,548 $ $ 4,622,133 6,086,903 $ $ 4,622,133 6,086,903 $ $ 4,296,606 4,519,548 100% 100% 100% 100% $ $ 3,889,430 120,324 $ $ 3,889,430 120,324 $ $ 2,886,719 151,680 $ $ 3,889,430 120,324 $ $ 3,889,430 120,324 $ $ 2,886,719 151,680 $ 17,301,542 $ 17,301,542 $ 13,304,222 $ 17,301,542 $ 17,301,542 $ 13,304,222 $ 219,983 $ 219,983 $ 207,573 $ 219,983 $ 219,983 $ 207,573 $ 108,166,278 $ 108,166,278 $ 109,041,244 $ 108,166,278 $ 108,166,278 $ 109,041,244 100% 100% Notes: WE DO NOT BREAK DOWN OUR BALANCE SHEET BETWEEN WYOMING AND TOTAL COMPANY. FIGURES ARE THE SAME Wyoming Public Service Commission Annual Report 6. Balance Sheet - Assets Page 9 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Balance Sheet - Liabilities, Equity & Credits Account 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 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 100% 100% $ 28,492,397 $ 28,492,397 $ 28,531,718 $ 28,492,397 $ 28,492,397 $ 28,531,718 100% 100% 100% 100% 100% 100% $ $ $ $ $ $ 1,808,709 (170,586) 2,342,075 32,472,595 1,870,813 46,468,747 2,829,703 140,702 2,573,418 34,075,541 47,857,018 1,808,709 (170,586) 2,342,075 32,472,595 1,870,813 46,468,747 $ $ $ $ $ $ 1,808,709 (170,586) 2,342,075 32,472,595 1,870,813 46,468,747 2,829,703 140,702 2,573,418 34,075,541 $ $ $ $ $ $ $ $ $ $ $ 100% 100% 1,808,709 (170,586) 2,342,075 32,472,595 1,870,813 46,468,747 $ $ $ $ 100% 100% $ $ $ $ $ $ $ 47,857,018 100% 100% $ 9,853,148 $ 9,853,148 $ $ 11,178,429 550,000 $ 9,853,148 $ 9,853,148 $ $ 11,178,429 550,000 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% $ $ $ $ $ $ $ 58,192,708 983,020 1,346,198 2,329,218 3,250,000 3,390,333 109,060 $ $ $ $ $ $ $ 58,192,708 983,020 1,346,198 2,329,218 3,250,000 3,390,333 109,060 $ $ $ $ $ $ $ 59,585,447 680,681 1,450,909 2,131,590 1,364,792 3,598,456 526,416 $ $ $ $ $ $ $ 58,192,708 983,020 1,346,198 2,329,218 3,250,000 3,390,333 109,060 $ $ $ $ $ $ $ 58,192,708 983,020 1,346,198 2,329,218 3,250,000 3,390,333 109,060 $ $ $ $ $ $ $ 59,585,447 680,681 1,450,909 2,131,590 1,364,792 3,598,456 526,416 100% 100% $ 300,000 $ 300,000 $ 301,000 $ 300,000 $ 300,000 $ 301,000 100% 100% $ $ $ $ 1,126,181 8,175,574 666,667 6,329,516 1,701,442 7,492,106 5,756,560 1,126,181 8,175,574 666,667 6,329,516 $ $ $ $ 1,126,181 8,175,574 666,667 6,329,516 1,701,442 7,492,106 $ $ $ $ $ $ $ 100% 100% 1,126,181 8,175,574 666,667 6,329,516 $ $ 100% 100% $ $ $ $ $ 5,756,560 $ 108,166,278 $ 108,166,278 $ 109,041,244 $ 108,166,278 $ 108,166,278 $ 109,041,244 2015 Ending Balance Wyoming 2016 Beginning Balance 2016 Ending Balance 2015 Ending Balance Total Company 2016 Beginning Balance 2016 Ending Balance Notes: WE DO NOT BREAK DOWN OUR BALANCE SHEET BETWEEN WYOMING AND TOTAL COMPANY. FIGURES ARE THE SAME Wyoming Public Service Commission Annual Report 7. Balance Sheet - Liabilities Page 10 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. Organization WARREN AIR FORCE BASE COBANK COBANK COBANK COBANK COBANK COBANK FEDERAL FINANCING BANK FEDERAL FINANCING BANK FEDERAL FINANCING BANK RURAL UTILITY SERVICE RURAL UTILITY SERVICE RURAL UTILITY SERVICE - ECONOMIC DEVELOPMENT 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 N/A N/A N/A N/A 10015-59-CS-13 10015-62-CS-14 10015-63-CS-16 10015-43-CS-3 10015-52-CS-9 10015-61-CS-14 N/A N/A N/A Issue Date 2010 1985 1995 2008 2013 2014 2016 2003 2009 2014 1981 1995 2016 Maturity Date 2030 2022 2031 2018 2023 2024 2028 2039 2043 2047 2016 2030 2026 Face Amount Authorized N/A $ 425,118 $ 310,072 $ 3,000,000 $ 6,000,000 $ 1,500,000 $ 1,804,059 $ 11,500,000 $ 26,312,000 $ 25,116,000 $ 2,287,000 $ 2,805,000 $ 550,000 Total Amount Issued $ 4,248,297 $ 425,118 $ 310,072 $ 3,000,000 $ 6,000,000 $ 1,500,000 $ 1,804,059 $ 11,500,000 $ 26,312,000 $ 15,837,574 $ 2,287,000 $ 2,805,000 $ 550,000 $ $ 81,609,249 Interest Rate 4.307% 2.3-2.95% 2.3-2.95% 5.230% 2.09-2.4% 1.91-2.45% 3.450% 4.64-5.46% 1.56-4.46% 1.98-3.10% 2.000% 5-5.5% 0.000% 76,579,120 Notes 1: Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 11 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 Organization WARREN AIR FORCE BASE COBANK COBANK COBANK COBANK COBANK COBANK FEDERAL FINANCING BANK FEDERAL FINANCING BANK FEDERAL FINANCING BANK RURAL UTILITY SERVICE RURAL UTILITY SERVICE RURAL UTILITY SERVICE - ECONOMIC DEVELOPMENT Total Total Company Debt Issuance Cost Original Unamortized Amount Amount $ 230,832 $ 1,239,461 $ 351,452 $ $ $ - $ 1,821,745 $ - Interest Accrued $ $ $ $ $ $ $ $ $ $ $ $ 600 543 2,016 8,353 2,289 5,228 41,452 65,943 35,295 114 55,349 - $ 217,182 Interest Paid Principal Paid During Year During Year $ 137,445 $ 179,799 $ 6,326 $ 8,187 $ 5,965 $ 24,492 $ 34,565 $ 370,165 $ 98,451 $ 547,366 $ 26,145 $ 131,711 $ 21,567 $ 50,656 $ 487,382 $ 231,057 $ 775,911 $ 710,173 $ 369,975 $ 256,982 $ 114 $ 22,829 $ 55,349 $ 1,855,384 $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,019,195 $ $ 4,388,801 Total minimum principle payments required for 2016: $ Outstanding Balances Year Year Beginning Ending 3,092,724 $ 2,904,925 239,705 $ 231,518 237,771 $ 213,279 799,204 $ 429,038 4,764,599 $ 4,217,232 1,372,744 $ 1,241,033 $ 1,753,404 9,711,695 $ 9,480,638 23,995,954 $ 23,285,781 11,921,091 $ 15,526,682 22,829 $ 1,855,384 $ $ 550,000 58,013,700 $ 59,833,530 - Notes 2: Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 12 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 21,330,581 $ Total Company 44,617,187 $ $ $ $ $ $ $ $ $ $ $ 12,822,424 41,124 1,433,962 573,424 435,861 106,197 228 1,805,114 17,218,334 1,458,078 104,259 $ $ $ $ $ $ $ $ $ $ $ 28,700,326 92,692 3,240,159 1,295,701 747,062 182,021 390 3,093,946 37,352,297 3,211,145 229,611 $ 931,233 $ 2,050,867 $ $ $ $ $ 33,953 2,469 19,748,326 1,582,255 11,134 $ $ $ $ $ 74,776 5,438 42,924,134 1,693,053 25,153 $ $ $ $ 13,347 37,801 347,101 156,033 $ $ $ $ 30,152 85,397 784,149 352,501 $ 2,147,671 $ 2,970,405 Patronage Capital Cash Received $ - $ - Notes: Wyoming Public Service Commission Annual Report 9. Statement of Operations Page 13 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Customer Counts, Operating Revenues, Demand and Energy Delivered Wyoming Title of Account 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 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 4,712 4,712 $ $ 7,306,433 7,306,433 344 857 857 $ $ $ 1,993,609 5,628,700 5,628,700 11 $ 3,395,713 11 2 18 $ $ $ 3,395,713 17,500 1,846,836 Demand and Energy Delivered Total Company KW kWh Revenue 0.0 54,937,160 54,937,160 $ 10,454,951 $ 10,454,951 0.0 16,456,251 50,230,097 50,230,097 $ $ $ 0.0 34,319,532 $ 13,506,629 34,319,532 81,024 24,530,263 $ 13,506,629 $ 54,523 $ 3,212,145 6,047,917 9,792,480 9,792,480 5,944 0 $ 20,188,791 $ - 0.0 0.0 180,554,327 0 $ 43,068,645 $ - 5,944 $ 20,188,791 0.0 180,554,327 $ 43,068,645 5,944 $ 20,188,791 0.0 180,554,327 $ 43,068,645 5,944 $ $ 20,188,791 0.0 180,554,327 $ $ 43,068,645 kWh 372,609,544 947,962 373,557,506 Notes: Wyoming Public Service Commission Annual Report 10. Revenue Summary Page 14 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 Wyoming Rate Base Additions Plant in Service Plant Held for Future Use Prepayments Materials and Supplies Cash Working Capital Deferred Debits $ $ $ $ $ $ 100,280,680 151,680 2,886,719 2,172,104 207,573 Subtotal $ 105,698,756 $ 151,680 $ 5,756,560 Subtotal Total Rate Base $ $ 5,908,240 99,790,516 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) $ 3,824,134 2.000% 9.000% 84.000% 52.000% 31.000% N/A N/A N/A N/A N/A N/A N/A N/A 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 1.825 2.002 2.448 1.081 1.279 1.081 Notes: Wyoming Public Service Commission Annual Report 11. Rate Base & Return on RB Page 15 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Rate Base and Return on Rate Base ACTUAL RETUKRN ON RATE BASE OF 2.00% IS FIGURED ON PATRONAGE CAPITAL & OPERATING MARGINS DIVIDED BY NET UTILITY PLANT. Wyoming Public Service Commission Annual Report 11. Rate Base & Return on RB Page 16 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Electric Utility Load and Resources Report (Wyoming System Only) Peak Wyoming System Demands and Annual Energy Reported data are: 1 2 3 4 5 6 7 Year 2013 2014 2015 2016 2017 2018 2019 Estimated Data Summer (April - September) Month KW 21,380.0 July July 21,505.0 August 22,271.0 July 34,400.0 July 37,000.0 July 38,850.0 July 40,700.0 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 15,345.0 December 16,589.0 December 24,086.0 October 27,046.0 December 29,700.0 December 31,200.0 December 32,700.0 Annual Energy kWh 127,130,770 141,487,957 166,894,020 180,554,327 196,800,000 206,640,000 216,972,000 Notes: Total system multiplied by percent of Wyoming sales. Notes: This is total system peak. 7/22/2016 3:30 PM 71,172.0 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 375,930.0 282,226,450 399,592.0 297,387,345 511,995.0 366,200,090 638,906.0 402,827,175 Owned Generation Internal Combusion Engine Wind Generation KW kWh KW kWh Notes: 2013,2014, & 2015 KW was billed as averake KW, Other Generation KW kWh Total Owned Generation KW kWh 0.0 0 0.0 0 0.0 0 0.0 0 2016 is peak KW Power Purchase Contracts Power Purchase Contracts Notes, page 1 Supplier 19 Tri-State G & T 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Wyoming Public Service Commission Annual Report 2016 KW Purchases 638,906.0 2016 kWh Purchases 402,827,175 Contract Expiration Date 12. Load & Resources Page 17 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Electric Utility Load and Resources Report (Wyoming System Only) 159 Totals Wyoming Public Service Commission Annual Report 638,906.0 402,827,175 12. Load & Resources Page 18 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 34.5 KV 126.21 Phase 17 Single Phase: 18 Three Phase: 19 Instrument Rated Phase: Primary underground distribution lines: Nominal Voltage Miles of Line 7.2 KV 242.70 Total Meters in Service 5,017 808 78 Meters in Service in Wyoming Advanced Meters in Service 5,017 808 78 Primary overhead distribution lines: Nominal Voltage Miles of Line 7.2 KV 1,172.43 Types of Advanced Meters in Service AMR Power Line Carrier AMR Power Line Carrier AMR Power Line Carrier Notes: Wyoming Public Service Commission Annual Report 13. T & D Plant Page 19 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 Name of Distribution Substation CHEYENNE WAPA MYERS MCWILLIAMS EGBERT BURNS PLAMBECK YOUNG PINE BLUFFS (WAPA) LARAMIE (PP&L) WAYNE CHILD LEMASTER 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 7-13-66 2 34.5/12.47 24-14-66 2 34.5-12.47 6-14-64 2 34.5/12.47 23-14-62 2 34.5/12.47 28-16-62 2 34.5/12.47 11-12-62 4 34.5/12.47 33-17-60 3 115/12.47 33-14-60 2 28-16-73 1 34.5/12.47 27-14-65 3 & 3 SPARES 34.5/12.47 2 Transformers by Voltage 230-12.5 34.5-12.5 34.5-12.5 34.5-12.5 34.5-12.5 34.5-12.5 34.5-12.5 115-12.5 115-13.2 34.5-12.5 Nameplate Capacity of Transformers by Voltage 5.0 10.0 3.8 2.5 3.8 5.0 5.0 10.0 10.0MVA 5.0 Peak Loading of Transformers for Reporting Year 2.0 N/A N/A 1.7 3.6 3.5 4.1 3.5 0.7 N/A N/A 13. T & D Plant Page 20 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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. 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 Name of Transmission Substation or Switch Station MYERS SENTINEL PINE BLUFFS WAYNE CHILD (TRI-STATE) 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 24-14-66 2 03-16-62 2 33-14-60 2 230/34.5 27-14-65 3 & 2 SPARES Transformers by Voltage 115-34.5 115-34.5 115-34.5 Nameplate Capacity of Transformers by Voltage 15.0 20.0 10.0 30MVA Peak Loading of Transformers for Reporting Year 11.9 14.4 7.0 13.5 13. T & D Plant Page 21 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Emergency Curtailment, Contingency and Integrated Resource Plans Does HIGH WEST ENERGY, INC. have an emergency curtailment plan for use in Wyoming? Yes Plan title, plan filing date and comments TRI-STATE G & T (POWER SUPPLIER) HAS PLAN Does HIGH WEST ENERGY, INC. have a contingency plan for use in Wyoming? No Plan title, plan filing date and comments Does HIGH WEST ENERGY, INC. 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 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: Original Filing 4/19/2017 Major Facilities Construction Forecast Description & Details 1 NONE 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 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 HIGH WEST ENERGY, INC.'s regional planning organization: Describe the smart grid technologies HIGH WEST ENERGY, INC.'s regional planning organization is promoting: Describe the smart grid technologies that would be beneficial to HIGH WEST ENERGY, INC.'s customers: Discuss which class of HIGH WEST ENERGY, INC.'s Wyoming customers benefits from each smart grid technology listed above: Discuss the smart grid technologies HIGH WEST ENERGY, INC. has evaluated or considered adopting in Wyoming or in other jurisdictions: Provide the status of the smart grid technologies HIGH WEST ENERGY, INC. has adopted or implemented: Wyoming Public Service Commission Annual Report 16. Smart Grid Technologies Page 24 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 NONE Wyoming Public Service Commission Annual Report 17. Changes During the Year Page 25 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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 $20,188,791.00 $20,188,792.00 ($1.00) Amount Adjustment Explanation $1.00 ROUNDING $1.00 Notes: Wyoming Public Service Commission Annual Report Tab: 18. Intrastate Revenues Page 26 of 28 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 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. 2% ANNUALLY 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 HIGH WEST ENERGY, INC. Docket No. 10015 Reporting Year: 2016 Original Filing 4/19/2017 Oath and Verification Once report is complete, this page must be printed, signed, notarized, and mailed to the Wyoming Public Service Commission. WYOMING LARAMIE State of: County of: Affiant name: Official title: Legal name of reporting entity: LINDSAY FOREPAUGH CHIEF FINANCIAL OFFICER HIGH WEST ENERGY, INC. 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): LINDSAY FOREPAUGH, CHIEF FINANCIAL OFFICER Notary (seal) (seal) State of: County of: Subscribed and sworn to before me on this day of Witness my hand and official seal: My Commission Expires: Wyoming Public Service Commission Annual Report 20. Oath & Verification Page 28 of 28