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Associated Electric Cooperative, Inc.
Consolidated Balance Sheets
December 31, 2022 and 2021
(In Thousands of Dollars)
Assets
2022 2021
Utility Plant
Electric plant in service $ 4,711,800 $ 4,598,450
Construction work in progress 163,742 126,206
4,875,542 4,724,656
Less accumulated depreciation (2,582,884) (2,468,284)
Total utility plant 2,292,658 2,256,372
Other Property and Investments
Member construction advances, net 15,735 16,919
Nonutility property 31,379 31,379
Right of use asset-operating leases 1,407 -
Net investment in direct financing leases 2,208 2,594
Total other property and investments 50,729 50,892
Restricted and Designated Long-Term Assets
Other restricted and designated assets 22,759 25,967
Investments in associated organizations 28,042 27,828
Total restricted and designated long-term assets 50,801 53,795
Other Long-Term Assets
Deferred regulatory debits 57,456 38,788
Other deferred assets 70,408 40,299
Total other long-term assets 127,864 79,087
Current Assets
Cash and cash equivalents 172,655 184,172
Designated cash and cash equivalents 70,482 130,482
Designated short-term investments 60,000 -
Accounts receivable 154,905 99,359
Materials and supplies inventory 96,055 88,396
Fuel inventory 57,326 51,291
Other current assets 58,451 44,762
Current portion of deferred regulatory debits 10,734 4,220
Total current assets 680,608 602,682
Total assets $ 3,202,660 $ 3,042,828
See Notes to Consolidated Financial Statements
