c;k/cer1,l- · 216 main street • post office box 369 • clayton, new mexico 88415 phone:...

216 Main Street • Post Office Box 369 • Clayton, New Mexico 88415 Phone: 505-374-2451 • Fax: 505-374-2030

April30,2007

Records New Mexico Public Regulation Commission Marion Hall 224 East Palace A venue Santa Fe, New Mexico 87501

To Whom It May Concern:

r-..'> c~ ,..__:, --I

=-~ :;,--<

I ('.)

~ en 00

Enclosed is our Annual Report for the year ended December 31, 2006, along with Form 1, New Mexico Jurisdictional Information. I am also sending a copy of our Form 7 for the calendar year ending December 31, 2006.

I am also enclosing the Energy Efficiency filing for 2006.

If you need further information, please contact this office.

Sincerely, //

c;k/cer1,L-Gary Rinker General Manager

/ '\

Southwestern Electric Cooperative, Inc.

Energy Efficiency Filing

17. 7.2.16 NMAC

April 2007

System Background

Southwestern Electric Cooperative, Inc. of New Mexico (SWEC) is a consumer-owned

and controlled electric distribution cooperative providing service to 890 members

( approximately 2,100 meters) in roughly 7,2000 square miles of service territory

including portions of the counties of Union, Harding, Quay, and Colfax in New Mexico,

a portion of Cimarron county in Oklahoma, and portions of Dallam and Hartley counties

in Texas. Consumer density is 1.1 meters per mile of line. S WEC does not own or

control any electric generation resources, and has been an all-requirements wholesale

purchaser of electric energy from The Town of Clayton (1947 to 1960), Southwestern

Public Service Company (SPS) (1960 to 1983), Plains Electric G. & T. (1983 to 2000)

and TriState G & T from 2000 with the current contract in place through 2050.

Energy Efficiency Program

SWEC is a participant in the energy efficiency program with our power supplier, TriState

G & T, in that we will offer rebates on the purchase of compact fluorescent light bulbs,

electric water heaters, electric heating systems, and high efficiency motors used for

irrigation.

Energy Efficiency Information Provided to Consumers

"Enchantment" is a monthly publication produced by the New Mexico Electric

Cooperative Association (NMRECA), and is sent to each consumer/member. Individual

Cooperatives have the ability to customize the back page of the magazine to provide

specific information to the membership, and SWEC frequently includes energy efficiency

topics. Topics included in 2006 include; energy consumption for computers and ways to

reduce consumption, reading and understanding the information provided on national

"Energy Guide" labels found on new appliances, and utilizing windows to regulate

temperature and fresh air efficiently. In addition, "Enchantment" includes monthly

articles by James Dulley, a nationally syndicated Professional Engineer and energy

expert, with articles including; electric blankets and energy use, holiday lighting tips,

high-efficiency heat pump systems, inspecting/improving insulation around exterior

doors, proper ventilation, radiant barriers, and skylights.

Electric Safety Demonstrations are programs offered by SWEC to schools, emergency

responders, and community organizations to promote safety, but also includes

information on energy efficiency and renewable energy technologies. In addition, the

Cooperative actively participates in annual "Farm Safety Day Camp", currently observed

in Union County, with students from other area counties invited to attend. Farm Safety

Day Camp targets third grade students.

Printed Materials promoting energy efficiency are available free in the Cooperative

office, and are periodically advertised as available through the "Enchantment".

Members are encouraged to request a copy.

Energy Audits are available upon request by residential and commercial consumers.

Generally speaking, energy audits are initiated following a high bill, and the audit is

tailored to fit the individual needs of the consumer. SWEC provides estimates of energy

savings and pay-back periods for consumers who are considering the installation of

energy saving products such as insulation, storm windows, etc. In addition, information is

provided on heating/cooling equipment up-grades along with projections on annual

operating costs.

Respectfully Submitted,

r anager

Southwestern Electric Cooperative, Inc. P.O. Box 369 Clayton, New Mexico 866-374-2451

Acc,;rding to the Paperwork Reduction Acl of I 995, an~ may not conduct or sponwr, and a person is not required to resp~o, a collection of infonnalion unless it displays a valid 0MB o)ntrol number Toe valid OMB control number for this infurmation collection is 0572-0032. The time required to complete this infonnation collection is estimated to average 16 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATION NM0026 RURAL UTILITJES SERVICE

PERIOD ENDED

FINANCIAL AND STATISTICAL REPORT December, 2006

INSTRUCTIONS For detailed instructions, see RUS Bulletin 1717B-2. BORROWER NAME

' This data will be used by RUS to review your financial situation. Your response is SOIJTilWESTERN ELEC COOP INC

II required ( 7 U.S.C. 901 et. seq.) and may be coefidential.

CERTIFICATION

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

We hereby certify that the entries in this report are in accordance with the accounts and other records of the system and reflect the status of the system to the best of our knowledge and belief.

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD 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 following)

[XJ All of the obligations under the RUS Joan documents • There has been a default in the fulfillment of the obligations have been fulfilled in all material respects. under the RUS loan documents. Said default(s) is/are

specifically described in Part D of this report.

Gary Rinker 3/7/2007

DATE

PART A. STATEMENT OF OPERATIONS

YEAR-TO-DATE ITEM

LAST YEAR THIS YEAR BUDGET nnSMONTH (a) (b) (c) (d)

I, Operating Revenue and Patronage Capital 20,104,136 22,202,348 21,984,500 1,614,659 2. Power Production Exoense 0 n 0 3. Cost of Purchased Power 18,155,745 19,898,513 19,000,000 1,448,273 4. Transmission Expense 10,317 10,126 10,000 2,169 5. Distribution Expense - Operation 241,214 275,735 266,600 18,853 6. Distribution Exoense - Maintenance 196,613 303,562 211,500 31,283 7. Customer Accounts Expense 251,005 282,472 255,000 51,257 8. Customer Service and Informational Expense 9 127 13 346 12 400 flqq

9. Sales Expense 0 0 1,000

10. Administrative and General Expense 447,668 517,375 677,400 36,764 ll. Total Operation & Maintenance Expense (2 thru JO) 19,311,689 21,301,129 20,433,900 1,589,498 12. Depreciation and Amortization Expense 416,790 457,923 441,000 40,921 13. Tax Expense - Property & Gross Receipts 0 14. Tax Exoense - Other 0 15. Interest on Lorn_1-Term Debt 358 453 347,189 365,000 64 777

16. Interest Charged to Construction - Credit 0

17. Interest Expense - Other 10,567 91,142 30,300 9,361 18. Other Deductions 25,137 19. Total Cost of Electric Service (11 thru 18) 20,122,636 22,197,383 21,270,200 1 704 557 20. Patronage Capital & Operating Margins (J minus 19) (18,500) 4,965 714,300 (89,898) 21. Non Uoerating Margins - Interest 47,772 37,999 51,200 8 353 22. Allowance for Funds Used During Construction 0 23. Income (Loss) from Equity Investments 0 24. Non Operatintz Margins - Other 4,229 25,806 (23,000) 439 25. Generation and Transmission Capital Credits 0 26. Other Capital Credits and Patronage Dividends 3,129 21,922 (10,669) 27. Extraordinary Items 0

28. Patronage Capital or Margins (20 thru 27) 36,630 90,692 742,500 (91,775)

RUS Form 7

USDA- RUS '-"' BORROWER DESIGNA~ NM0026

FINANCIAL AND STATISTICAL REPORT PER1OD ENDED

INSTRUCTIONS - See RUS Bulletin 17178-2 December, 2006

PARTB. DA TA ON TRANSMISSION AND DISTRIBUTION PLANT

YEAR-TO-DATE YEAR-TO-DATE

LASTYEAR THIS YEAR LAST YEAR THIS YEAR i ITEM (a) (b) ITEM (a) (b)

I. New Services Connected 46 62 5. Miles Transmission 47.00 47.00

2. Services Retired 6. Miles Distribution - 1,800.00 1,808.00 0 Overhead

3. Total Services in Place 7. Miles Distribution -1.00 1.00 2,465 2,527 Underground

4. Idle Services 8. Total Miles Energized (Exclude Seasonals) 191 277 (5 + 6 + 7) 1,848.00 1,856.00

PART C. BALANCE SHEET

ASSETS AND OTHER DEBITS LIABILITIES AND OTHER CREDITS

I. Total Utility Plant in Service ... . . -~-· ......................... 18,590,924 29 . Memberships .............................................................. 0

2. Construction Work in Progress ............................... 557,913 30. Patronage Capital. ....................................................... 4,397,506

3. Total Utility Plant (J + 2) ....................................... 19,148,837 31. Operating Margins - Prior Years ................................. (21,171) 4. Accum. Provision for Depreciation and Amor! ...... 7,085,638 32 . Operating Margins - Current Year ............................... 26,886

5. Net Utility Plant (3 - 4) .............. , ........................... 12,063,199 33 . Non-Operating Margins .............................................. 63,805

6. Non-Utility Property (Net) .................................... 0 34. Other Margins and Equities ........................................ 925

7. Jnvestments in Subsidiary Companies ··················· 0 35. Total Margins & Equities (29 thru 34) ....................... 4,467,951

8. 1 nvcst. in Assoc. Org. - Patronage Capital . ............ 0 36. Long-Term Debt - RUS (Net) ..................................... 3,897,502

9. Invest. in Assoc. Org. - Other - General Funds ...... 63,562 37. Long-Term Debt - FFB - RUS Guaranteed ................ 3,356,154 10. Invest. in Assoc. Org. - Other - Nongeneral Funds .. 6,041 38. Long-Term Debt - Other - RUS Guaranteed .............. 0

11. Investments in Economic Development Projects .... 0 39. Long-Tenn Debt Other (Net) ..................................... 404,955 12. Other Investments ••••••••••••••••••••••••••••••••••••••n•••••••••• 3,900 40. Long-Term Debt - RUS - Econ. Devel. (Net) ............. 0

13. Special Funds .......................................................... 0 41. Payments - Unapplied 0 -·--·---- ··-·-·----14. Total Other Property & Investments (6 thru 13) ... 73,503 42 . fotal Long-Term Debt (36 thru 40- 41) .......... . ......... 7,658,611

15. Ca~h - General Funds OOOOOOO,OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHOOOOOO 1,207,901 43. Obligations Under Capital Leases - Noncurrent ......... 0

16. Cash - Construction Funds - Trustee ..................... 0 44. Accumulated Operating Provisions 17. Special Deposits ..................................................... 15 and Asset Retirement Obligations .. . ..................... 0

18. Temporary Investments ......................................... 20 388 45. Total Other Noncurrent Liabilities (43 + 44) ............. 0

19. Notes Receivable (Net) ........................................... 23,583 46. Notes Payable ............................................................. 1,394,900 20. Accounts Receivable - Sales of Energy (Net) .......... 2,080,779 47. Accounts Payable ....................................................... 1,767,799 21. Accounts Receivable - Other (Net) ........................ 119,493 48 . Consumers Deposits .................................................. _______ 7,040 22. Materials and Supplies • Electric & Other ............. 21,349 49. Current Maturities Long-Term Debt... ....................... 202,061 23. Prepayments ··························································· 33,209 50. Current Maturities Long-Term Debt 24. Other Current and Accrued Assets OOOOOOO .. OOOHOOOOO••••• 0 -Economic Development ................................... 0

25. Total Current and Accrued Assets (15 thru 24) ..... 3,506,717 51. Current Maturities Capital Lea,cs ............................. 0 26. Regulatory Assets ·················································· 0 52. Other Current and Accrued Liabilities ........................ 174,597 27. Other Deferred Debits ············································ 29,790 53. Total Current & Accrued Liabilities (45 thru 52) ....... 3,546,397 ·-· 28. Total Assets and Other Debits (5+ 14 +-25 thru 27) .. 15,673,209 54. Regulatory Liabilities .................................................. 0

55. Other Deferred Credits ............................................... 250

56. Total Liabilities and Other Credits (35+ 42 + 45 + 53 thru 55) ........................................ 15,673,209

RUS FORM 7

USDA-RUS BORROWER DESIGNATION

NM0026

FINANCIAL AND STATISTICAL REPORT PERIOD ENDED

December, 2006

INSTRUCTIONS- See RUS Bulletin 17178-2

PART D. NOTES TO FINANCIAL STATEMENTS

RUS Fonn 7

USLJA • KUS ._,,_, BORROWER DESIGN A N NM0026

FINANCIAL AND ST A TISTICAL REPORT PERIOD ENDED

INSTRUCTIONS - See RUS Bulletin 1717B-2 December, 2006

PART E. CHA.l'\/GES IN UTILITY PLANT

BALANCE ADJUSTMENTS BALANCE END

BEGINNING ADDITIONS RETIREMENTS AJ\.'D TRANSFE!l OF YEAR

PLANT ITEM OF YEAR (a) (b) (c) (d) (e)

I. Distribution Plant 13,761,609 2,366,680 106,897 16,021,392

2. General Plant 1,100,938 58,826 108,722 1,051,042

3. Headquarters Plant 390,193 2,621 85 392,729

4. Intangibles 13,254 0 0 0 13,254

5. fransmission Plant 1,112,507 0 0 0 1,112,507

6. All Other Utility Plant 0 0 0 0 0

7. Total Utility Plant in Service (I thru 6) 16,378,501 2,428,127 215,704 0 18,590,924

8. Construction Work in Progress 1,607,061 (1,049,148) 557,913

9. TOTAL UTILITY PLANT (7 + 8) 17,985,562 1,378,979 215,704 0 19,148,837

PART F. MATERIALS AND SUPPLIES

BALANCE BALANCE

ITEM BEGINNING OF PURCHASED SALVAGED USED (NET) SOLD ADJUSTMENT END OF YEAR

YEAR (a) (b) le) (d) (e) (/) (g)

I. Electric 0 0

2. Other 8,996 118,404 7,629 113,680 21,349

PART G. SERVICE INTERRUPTIONS

ITEM AVERAGE HOURS PER CONSUMER BY CAUSE 'l"OTAL

POWER SUPPLIER EXTREME STORM PREARRANGED ALL OTHER

(a) (b) (c) (d) (e)

I. Present Year 2.91 6.49 .39 9.79

2. Five-Year Average 2.37 5.07 .49 7.93

PART H. EMPLOYEE-HOUR AND PAYROLL STATISTICS

I. Number of Full Time Employees 17 4. Payroll - Expensed 435,588

2. Employee - Hours Worked - Regular Time 31,475 5. Payroll - Capitalized 106,624

3. Employee - Hours Worked - Overtime 1,792 6. Payroll - Other 144,954

PARTI. PATRONAGECAPITAL

ITEM THIS YEAR CUMULATIVE

DESCRIPTION (a) (b)

I. Capital Credits - a. General Retirements 0 538,757

Distributions b. Special Retirements 0 5,365,848

C. Total Retirements (a+ b) 0 5,904,605

2. Capital Credits - a. Cash Received From Retirement of Patronage Capital by Suppliers Received of Electric Power 0

b. Cash Received From Retirement of Patronage Capital by Lenders for Credit Extended to the Electric System 7,958

c. Total Cash Received (a+ b) 7,958

PART .J. DUE FROM CONSUMERS FOR ELECTRIC SERVICE

I. AMOUNT DUE OVER 60 DAYS I$ 11,770 2. AMOUNT WRITTEN OFF DURING YEAR $ 76,270

RUS Form 7


NM0026


December, 2006

INSTRUCTIONS - See RUS Bulletin 17178-2

Part K. kWh PURCHASED AND TOTAL COST

No ITEM RUSUSEONLY kWh PURCHASED TOTAL COST AVERAGE COST INCLUDED IN INCLUDED IN (a) SUPPLIER CODE (c) (d) (Cents/kWh) TOTAL COST- TOTAL COST-

(b) (e) FUEL COST WHEELING AND ADJUSTMENT OTHER CHARGES

lfl lal

1 Tri-Stale G & T Assn, Inc 30151 432,156,112 19,898,513 4.60 {CO) /C00047)

Total 432,156,112 19,898,513 4.60

RUS Form 7


NM0026


December, 2006

INSTRUCTIONS- See RUS Bulleun 17178-2

PART L. LONG-TERM LEASES No NAME OF LESSOR I TYPE OF PROPERTY I RENTAL THIS YEAR

lal fbl tel Total I I

RUS Form 7

USDA-RUS .._,_. BORROWER DESIGNATl'l'l'N NM0026

FINANCIAL AND STATISTICAL REPORT PER10D ENDED

INSTRUCTIONS - See RUS Bulletin l717B-2 December, 2006

PART M. ANNUAL l\lEETING AND BOARD DATA

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

8/22/2006 885 103 y

5. Number of Members 6. Total Number of Board Members 7. Total Amount of Fees and !::;,,,~ .. ~w 8. Does Manager Have Proxy or Mail for Board Members Written Contract?

0 9 $ 23,871 N

RUS Fonn 7


NM0026


December, 2006

INSTRUCTIONS- See RUS Bulletin 17178-2

PART N. LONG-TERM DEBT AND DEBT SERVICE REQUIREMENTS

No ITEM BALANCE END OF YEAR INTEREST PRINCIPAL TOTAL (a) {BIiied Thia Year)

(b) (BIiied Thia Year)

!c) (BIiied Thia Year)

(di

1 Rural Utilities Ser.ice (Excludes RUS - Economic Develoomen!Loens)

3,897,502 198,434 170,168 368,602

2 National Rural Utilities Cooperative Finance 404,954 29,763 11,970 41,733 - ·on

3 Bank for Cooperatives

4 Federal Financino Bank 3,356,154 102,029 19,923 121,952

5 RUS - Economic Develooment Loans

6 Pavments Unaoolled

Total 7,658,610 330,226 202,061 532,287

RUS Fonn7


NM0026


December, 2006


PART I. INVESTMENTS

No DESCRIPTION INCLUDED EXCl~DED INCOME OR LOSS RURAL DEVELOPMENT

(a) f~l 1:~ <•I 2 Investments In Associated Oraanlzations

1. Membershios 1,235

2. ENMR Caoital Credits 25,916

3. CFC Tenn Certificates 5,406

4. CFC Capital Credits 15,684

5. Federal Rural Elec!ric Insurance 21,362

Totals 69,603

4 Other lnvesbnents 6. New Mexico Cattle 3,900

Totals 3,900

6 Cash - General 7. Rrst National Bank - Now 1,181,497

8. Fanners & Stockmans Bank 18,700

9. Merrill Lvnch 7,504

10. Workina Funds 200

Totals 1,207,901

7 Sneclal Deposits 11. T 0111111 of Clavton 15 Totals 15

8 Temoorarv Investments 12. Temporary Cash Investments 20,388

Totals 20,388

9 Accounts and Notes Receivable - NET 13. Notes Receivable - Section 12 Loans 9,756

14. Notes Receivable -Aid to Construction 13,813

15. Accounts Receivable - Winna Material 119,507

Totals 143,076

'11 TOTAL INVESTMENTS {1 thru 10) 216,579 1,228,304

RUS Form 7

-- BORROWER DESIGNA ~ I

USDA-RUS ,._, NM0026

FINANCIAL AND STATISTICAL REPORT PERIOD ENDED I INSTRUCTIONS - See RUS Bulletin 1717B-2

December, 2006

PART 0. POWER REQUIREMENTS DATA BASE-ANNUAL SUMMARY

CLASSIFICATION CONSUMER SALES & REVENUE DECEMBER AVERAGE NO. TOTAL

DATA CONSUMERS SERVED YEARTODATE (a) (b) (c)

I. Residential Sales a. No. Consumers Served 1,037 1,039

(excluding b. kWh Sold 7,909,192

seasonal) c. Revenue 1,203,420

2. Residential Sales - a. No. Consumers Served 367 366

Seasonal b. kWh Sold 683,972

c. Revenue 187,061

3. Irrigation Sales a No. Consumers Served 423 419

b. kWh Sold 38,491,339

c. Revenue 2,608,518

4. Comm. and Ind. a No. Consumers Served 283 286

1000 KVAor b. kWh Sold 12,697,664 Less ,.

c. Revenue 1,064,123

5. Comm. and Ind. a No. Consumers Served 1 1

Over 1000 KVA b. kWh Sold 362,956,630

c. Revenue 16,784,395

6. Public Street & a. No. Consumers Served 7 7

Highway b. kWh Sold 20,784 Lighting

C. Revenue 3,973

7. Other Sales to a. No. Consumers Served Public Authorities b. kWh Sold

c. Revenue

8. Sales for Resale - a No. Consumers Served

RUS Borrowers b. kwh Sold

c. Revenue

9. Sales for Resale - a No. Consumers Served Other b. kWh Sold

c. Revenue

10. TOTAL No. of Consumers (lines la thru 9a) 2,118 2,118

11. TOTAL kWh Sold (lines lb thru 9b) 422,759,581

12. TOT AL Revenue Received From Sales of Electric Energy (line le thru 9c)

_.,

' 21,851,490

13. Other Electric Revenue

14. k'i\lh - Own Use ,',: ;: ·I'/

''i 15. TOTAL kWh Purchased ,\ ,,, 432,156,112

,,

16. TOTAL kWh Generated ,, ,";

17. Cost of Purchases and Generation 19,908,639

18. Interchange• kWh - Net

19. Peak - Sum All kW Input (Metered) Non-coincident Coincident_ X 61,669

,.,

C RUSI orrn 7


NM0026


December, 2006


PART II. LOAN GUARANTEES

No ORGANIZATION MATURITY DATE ORIGINAL AMOUNT LOAN BALANCE RURAi.. DEVELOPMENT (a) (b) j!I 1:1 (e)

Total

TOTAL (Include Loan Guarantees Onlvl

RUS Form 7

--USDA-RUS BORROWER DESIGNATION

NM0026


December, 2006


Part Ill. RATIO RATIO OF INVESTMENTS AND LOAN GUARANTEES TO UTILITY PLANT 1.13 % [Total Of lnduded l11Y&atmenta (Partl, 11b) end Loan Guaran- • Loan Belanca (Part II, 5d) lo Total Utility Plant (Form7, Part C, Line3)l

PART IV. LOANS

No ORGANIZATION MATURITY DATE ORIGINAL AMOUNT LOAN BALANCE RURAL DEVELOPMENT (•) (b) f~l 13~ (•)

1 Emolovees, Officers, Directors

2 Enerav Resources Conservation Loans 8/1/2011 17,194 9,756

Total 17,194 9,756

RUS Form7

RURAL ELECTRIC COOPERATIVES

Annual Report

Of

SOUTHWESTERN ELECTRIC COOPERATIVE, INC.

(Exact legal name of Respondent)

TO THE

NEW MEXICO

PUBLIC REGULATION COMMISSION

FOR THE

YEAR ENDED DECEMBER 31, 20~

p aae 1

ELECTRIC OPERATION AND MAINTENANCE EXPENSES

1. Enter in the space f-i,~.-:~;:; the and maintenance expenses for the year. 2. If the Increases and decreases are not derived from previouslv reoorted fiaures explain in footnotes.

Line Account Amount for Current Increase or Decrease No. Year From Year

(a) (b) (c) 1. POWER PRODUCTION EXPENSES 2. STEAM POWER GENERATION 3. OPERATION $ 4. 500 Operation Supervision and Enaineerina 5. 501 Fuel 6. 502 Steam Expenses 7. 503 Steam From Other Sources 8. 504 Steam Transferred Credit 9. 505 Electric Expenses 10. 506 Miscellaneous Steam Power Expenses 11. 507 Rents 1~!. Total Ooeration 1~L MAINTENANCE 14. 510 Maintenance Supervision and Em::ilr..::..::.,-,nQ 1Ei. 511 Maintenance of Structures 1Ei. 512 Maintenance of Boiler Plant 17. 513 Maintenance of Electric Plant 18. 514 Maintenance of Miscellaneous Stearn Plant 19. Total Maintenance 20. Total Power Production Expenses-Steam Power 21. NUCLEAR POWER GENERATION 22:. OPERATION 23,. 517 Operation Supervision and Enoineerina 24. 518 Fuel 25,. 519 Coolants and Water 26. 520 Steam Expenses 27. 521 Steam From Other Sources 28. 522 Steam Transferred - Credit 29. 523 Electric Expenses 30. 524 Miscellaneous Nuclear Power Expenses 31. 525 Rents 32. Total Operation 33. MAINTENANCE 34. 528 Maintenance Supervision and Enqineerina 35. 529 Maintenance of Structures 36. 530 Maintenance of Reactor Plant Equipment 37. 531 Maintenance of Electric Plant 38. 532 Maintenance of Miscellaneous Nuclear Power 39. Total Maintenance 40. Total Power Production Expenses-Nuclear Power 41. HYDRAULIC POWER GENERATION 42. OPERATION 43. 535 Operation Suoervision and Enoineerina 44. 536 Water for power 45. 537 Hydraulic Expenses 46. 538 Electric Expenses 47. 539 Miscellaneous Hydraulic Power Generation Exoenses 48, 540 Rents 49., Total Operation 50. MAINTENANCE 51.. 541 Maintenance Supervision and Enaineerim:i 52 .. 542 Maintenance of Structures

p aqe 2

ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued) Line Account Amount for Current Increase or Decrease No. (a) Year From Preceding Year

(b) (c) 1. HYDRAULIC POWER GENERATION .. , ~ .. 543 Maintenance of Reservoirs, Dams and $

Waterways ,., ~•. 544 Maintenance of Electric Plant 4. 545 Maintenance of Miscellaneous Hydraulic Plant I:' ~•. Total Maintenance 6,. Total Power Production Expenses- Hydraulic Power 7. OTHER POWER GENERATION 8. OPERATION 9. 546 Operation Supervision and Engineering

10. 547 Fuel 1 ·1. 548 Generation Expenses 12. 549 Miscellaneous Other Power Generation Expenses 1~t 550 Rents 14. Total Operation 15. MAINTENANCE 1El. 551 Maintenance Supervision and Engineering 1-· I. 552 Maintenance of Structures 18. 553 Maintenance of Generatinq and Electric Plant HI. 554 Maintenance Miscellaneous Other Power Generation

Plant 20. Total Maintenance 21. Total Power Production Expenses-Other Power 22. OTHER POWER SUPPLY EXPENSES 23. 555 Purchased Power 19.898.513 1,742,768 24. 556 System Control and load Dispatching 25. 557 Other Expenses 2€i. Total Maintenance 27. Total Power Production Expenses 19,898,513 1,742,765 28. TRANSMISSION EXPENSES 29. OPERATION 30. 560 Operation Supervision and Engineering 31. 561 Load Dispatching 32. 562 Station Expenses yy (13) 33. 563 Overhead Line Expenses 4.987 (680) 34. 564 Underground Line Expenses 35. 565 Transmission of Electricity by Others 36. 566 Miscellaneous Transmission Expenses 37. 567 Rents 38. Total Operation 5,086 (693) 39. MAINTENANCE 40. 568 Maintenance Supervision and Engineering 41. 569 Maintenance of Structures 42. 570 Maintenance of Station Equipment 43. 571 Maintenance of Overhead Lines 44. 572 Maintenance of Underground lines 4,313 (225) 45. 573 Maintenance of Miscellaneous Transmission Plant 46. Total Maintenance 4,313 (225) 47, Total Transmission Expenses 9.399 (918) 48, DISTRIBUTION EXPENSES 49., OPERATION 50. 580 Operation Supervision and Engineering 28,319 (619) 51. 581 Load Dispatching 14.306 6.505 52. 582 Station Expenses 15,500 10.594 53. 583 Overhead Line Expenses 117,645 29.175 54. 584 Underground Line Expenses 55. 585 Street Lighting and Signal System Expenses 7 (1)

'-" p 3 aqe """" ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued) Line Account Amount for Current Increase or Decrease No. (a) Year From Preceding Year

(b) (c) 'I. DISTRIBUTION EXPENSES (contjnued) ') ·-· 586 Meter Expenses $ 9,838 (34,869) :t 587 Customer Installations Expenses 78.167 13. 136 4. 588 Miscellaneous Distribution Expenses 1,529 7% r ,). 589 Rents 1 1 c;i; 616 Ei. Total Operation 266.467 25,253 -, I. MAINTENANCE

El. 590 Maintenance Supervision and Enqineering 21.1nc; ? OOQ fl. 591 Maintenance of Structures 10. 592 Maintenance of Station Equipment 7,712 4 .159 11. 593 Maintenance of Overhead Lines 266,382 96,689 1:2. 594 Maintenance of Underqround Lines 1:3. 595 Maintenance of Line Transformers 2.394 1.357 14. 596 Maintenance of Street LightinQ and SiQnal Systems 150 350 15. 597 Maintenance of Meters 2,157 1.114 113. 598 Maintenance of Miscellaneous Distribution Plant 17. Total Maintenance 302,360 105,748 18. Total Distribution Expenses 568,827 131,001 rn. CUSTOMER ACCOUNTS EXPENSES 20. OPERATION 2·1. 901 Supervision 7,631 (18,834) 2:2. 902 Meter Reading Expenses 97,362 33,595 2:3. 903 Customer Records and Collection Expenses 90.734 7.268 24. 904 Uncollectible Accounts r::. ,. 1 n 1 5.821 2!,. 905 Miscellaneous Customer Accounts Expenses 2E>. Total Customer Accounts Expenses 249,828 27,850 2"' I. SALES EXPENSES 2€1. OPERATION w. 911 Supervision 0 0 30. 912 DemonstratinQ and Selling Expenses n 0 31. 913 AdvertisinQ Expenses n 0 3~!. 914 Revenues From Merchandising, Jobbing and Contract

Work 3:t 915 Cost and Expenses of Merchandising, Jobbing and

Contract Work 34. 916 Miscellaneous Sales Expenses 3i::· .. ,. Total Sales Expenses 0 0 36. ADMINISTRATIVE AND GENERAL EXPENSES 37. OPERATION 38. 920 Administrative and General Salaries 148,093 (1,799) 39. 921 Office Supplies and Expenses 31,027 (76) 40. 922 Administrative Expenses Transferred-Credit 41. 923 Outside Services Employed 29.084 (8.390) 42. 924 Property Insurance 3.496 1g7 43. 925 Injuries and Damages 327 327 44. 926 Employee Pensions and Benefits 8 .513 12.888 45. 927 Franchise Requirements 46. 928 Requlatory Commission Expenses 111,656 21,656 47. 929 Duplicate Charges-Credit 48. 930Miscellaneous General Expenses 118.559 "" .140 49. 931 Rents 50. Total Operation 450,755 79,943 51. MAINTENANCE 52. 932 Maintenance of General Plant 65,388 (1,542) 53 .. Total Administrative and General Expenses 1516.141 7R t.nl 54 .. Total Electric Operation and Maintenance Expenses 1,344,197 236,304

p aoe 4 ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

SUMMARY OF ELECTRIC OPERATION AND MAINTENANCE EXPENSES -----------·-··· ---- --- -- --- ---· ·-- ····------ .. ----- --- --- - --- ----·- ---- --· - --- -·-- . -- -- -- - - .

Line Functional Classification Operation Maintenance Total No. la) (b} (C} (d)

1 . Power Production Expenses r1

"·· Electric Generation:

~L Steam Power

4. Nuclear Power

5. Hvdraulic Power

6. Other Power

7. Other Power Supply Expenses 19.898.513 19.898.513 8. Total Power Production Expenses 19,898,513 19,898,513

9. Transmission Expenses 5,086 4,313 9,399 10. Distribution Exoenses 266,467 302,360 568,827

1'1. Customer Accounts Expenses 249,828 249,828

12. Sales Expenses -

13. Administrative and General Expenses 450,755 65,388 516,143 14. Total Electric Ooeration and Maintenance Expenses 1,344,197

NUMBER OF ELECTRIC DEPARTMENT EMPLOYEES

1S. Number of electric Deoartment Employees, Payroll Period Ending 12/31/06 1Ei. Total Reoular Full-Time Employees 18

17' Total Part-Time and Temoorarv Emolovees 1 18. Total Emolovees 19

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 before or after October 31.

If the respondent's payrolls for the reported period include any special construction forces include such employees as part-time and employees and show the number of such special construction employees so Included.

The number of employees assignable to the electric department from joint functions of combination utilities may be determined by on the basis of equivalents. Show the estimated number of equivalent employees attributed to the electric department from

PaQe 5 DISTRIBUTION OF SYSTEM LOAD IN SERVICE AREA

1. Information is desired regarding the distribution of the system load within the territory served by the system. This information should be furnished oh the basis used by respondent in maintaining load distribution data, such as by primary substations, operation divisions, communities, metropolitan areas, or other areas.

2. A sketch map showing the location and the approximate boundary of each of these areas, together with identification symbols, should be furnished.

Designation of Map Area (Primary Symbol 1-----T-ot-al--..----------.::....:.:..:.:..:..:=:..=:..;_:_;__,.u_.:_:__::....:..:-=-::..::...:...:;__.:.:..:..:__;_::....::..::.:_:__ _____________ --I

aubSlation. (Kilowatt-hours)

Annual Enen:iv Provided for the Area Estimated Distribution - Percent

operaung division. or community)

Clapham

t 1.,Layi:.on

Amistad

I

362,956,6:o

59,902,9.:1

Residential Sales

14%

Commercial

21%

Industrial

100%

Public Streets Other Sales Irrigation Company Unaccounted and Highway to Public Sales Usa For

liohtlna Aulhoritv

1% 64%

Actual or Estimated Date of Annual Peak Demand of ~eak load Area During the Factor Year (Kilowatts)

43.959 7/12 94%

17.710 7/25 45%

r-------1t---t------+-----+----t----,---1------t------+----+----+------1f------------------ - ______ ___,

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 outsit

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

3. On the lower section of this schedule furnish the requested explanatory information concerning construcrtic overheads.

4. A respondent should not report "none" to this schedule if no overhead apportionments are made, but rather sh,::,1. explain on the lower section of this schedule that only such engineering, supervisor, and administrative cost, ,ett which are directly chargeable construction are charged to construction, if this is the case. Engineering, supervi!iio administrative and interest costs, etc., which are first assigned to a blanket work order and then prorated construction 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 Percent overheads to No. (a) to Con,truction which Overh"d' ~re comJtruction cost

(b) charged {exclusive of (d) overhead charges)

(c)

1. Transportation

2. Pavroll Taxes 3. Insurance

4. f\-Ff~ ,.P "'••~~.-,c~~

5. Emolovee Benefits 6. Stores ExnenAeA 7. Engineering 8. Administrative Costs 9. 10. ·11. ·12. 13. 14. Totals 230,405 999.025 ?1'7.:

GENERAL DESCRIPTION OF CONSTRUCTION OVERHEAD PROCEDURE -1. For each construction overhead for electric plant explain:

(a) 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. (e) 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.

2. (f) Amounts capitalized for each overhead for the year for which this report is submitted.

In addition to other information concerning engineering and superintendence or other such over heads, explain whether the amounts treated as overheads include all engineering and superintendence costs or only such portions a are not directly chargeable to specific jobs.

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

Paoe 7 ELECTRIC DISTRIBUTION METERS AND LINE TRANSFORMERS I

1. Report below the information called for concerning distribution watt-hour meters and line transforms. 2. \Vatt-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 others, jointly owned with others, or held otherwise that by reason of sole ownership by the respondent. If 500 or more meters or line transformers are held under a lease, give name of lesser, date and period of lease and annual rent. If 500 or more meters 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 books of account. Specify in each case whether lesser, co-owner or other party is an associated company.

LINE TRANSFORMERS Line Item Number of Watt-hour Number Total Capacity (kva) No. Meters

(a) (b) <c) (d) 1. Number at beqinninq of vear 2079 2776 64485 :2. Additions durino vear: :3. Purchases 128 102 2192 4. Associated with utility plant acquired 1-,). Total Additions 128 102 2192 13. Reductions during year: 7. Retirements 60 8. Associated with utility plant sold B. Total reductions 60

10. Number at end of vear 2878 66,677 11. In stock ()

12. Locked meters on customers' premises 13. Inactive transformers on system 2147 14. In customers' use 15. In company's use 16. Total end of year (as above) 2147 2878 66,677

VERIFICATION

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

OATH

(To be made by the officer having control of the accounting of the respondent.)

State of New Mexico

ss:

County of ...:U...;;.n:..::i:..::o.::;;;n _________ _

__ G_a_ry"--R_i_· n_k_e_r __________ makes oath and says that he is General Manager (Insert here the name of the affiant.) (Insert here the official title of the affiant.)

of ________ S_ou_t_h_w:;.-e_s_t_e...cr_n_::;:Ec::l-=-e-=-c"-tr::....1::..;·c:::.......:C:....:o...:oc..r.:p...:e-=-r.:::a-=.t=-iv-=-e=-z_, --'I::.;:;n.:..::c""".----------------(lnsert 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 of his knowledge and belief such books have, during the period covered by the foregoing report, been kept in good faith in accordance with the accounting and other orders of the New Mexico Public Regulation Commission, effective during said period, that has examined the said report, and to the best of his knowledge and belief the information contained in the said report is, insofar as it relates to matters of account, in accordance with the said books of account; that he believes that all other statements of fact contained in the said report are true, and that the said report is correct statement of the business and affairs of the above-named respondent in respect to each and every matter set forth

therein during the period from and including __ J_a_n_u_ar~·v'--1 ________________ , 20___Q_6_,

to and including __ D_e_c_em_b_e_r_3_1 _______________________ .,_ __ , 20.Q.6_,

4-~ Subscribed and sworn to before me, a _N_o_to_r_.y'---P_u_b_l_i_c _______ , is and for the State and

County above named, th is __ 3_0_t_h ______ day of _--=A"-"p...:r...:ic::::1 ______ , 20..Q.I_

My commission expires __ N.;,..o_v_e_m_;;.b_e::..;r_2::...<.., ...:2::....0::....::0...:8'--------------------

(Signature of officer authorized to administer oaths)

Lonq Term debt (Accounts 221-228) Line Note ldent. To Whom PRC Date of Date of Principal Amount Outstandinq Per Balance Interest for Year No. Issued Decision Issued Maturity Amount Principal Deferred Sheet Rate Amount

No. Interest 1. 4080 RUS 09/75 09/lU $ J/o,uuu $ ,:>1,/JU $ $ .Jl,/.JV 'l. % $ l,)Z5 2. 4090 RUS 04/81 04/16 1,086,000 360,451 360,451 2% 9,611 3. BlO0 RUS 09/84 09/18 1,079,000 620,150 620,150 5% 34,774 4. Bll0 RUS 02/86 02/21 716,000 457,295 457,295 5% 25,352 5. Bl20 RUS 11/89 11/24 678,000 499,138 499,138 5% 27,476 6. Bl30 RUS 10/93 10/28 862,000 705,788 705,788 5% 38,686 7. Bl40 RUS 12/97 12/32 1,514,000 1,373,110 1,373,110 5% 78,765 8.

) - - - - - - - - - - - ..... - - - ..... - - - - - - - - - - ..... - - - ..... - - - - - - - - - - - - - - ..... - - - - - - - - - ..... 9. 1001 CFC 09/84 09/19 120,000 71,381 71,381 VAR 5,110 10. 2001 CFC 02/86 02/21 80,000 51, 723 51,723 VAR 3,688 11. 3001 CFC 11/89 11/24 75,000 60,920 60,920 VAR 4,310 12.

13. 4001 CFC 10/93 10/28 96,000 77,024 77,024 VAR 5,453 14. 5001 CFC 06/00 06/35 168,000 158,929 158,929 VAR 11,192 15. - - - - - - - - - - - - - - - - - - - - - - - ...... - - - - - - ..... - - - - ...... - - - - - - - ...., - - ..... - - - ,.. - - - ..... -16. HOOlO FFB 07/04 01/39 1,646,000 1,626,000 1,626,077 5.121 85,176 17. H0015 FFB 10/06 01/41 1,750,000 1,750,000 1,750,000 4.886 15,929 18. 19. 20. 21. 22. 23.

) 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. Total 7,863,716 347,047 34. Less Advance Payments Unapproved (Account 227) 35. Total 7,863,716 347,047

New Mexico Jurisdictional Information Year Ending December 31, 20_Q§

Form 1

Electric Company Name Southwestern Electric Cooperative, Inc.

Address 216 Main Street, P.O. Box 369, Clayton, New Mexico 88415

Phone Number 505-374-2451

Person Completing Form _...;G::.::a::.:;r:..z.y.....!:R~i~n~k:.:::e.::.r...1.,.....::::.G::.en!.!.e:::..r=.:a:::.;l:!:a.....!M..!c!a=.!n:.!.!a:.1g~e:;.!r'--_____ _

Customer Class Residential Other

Number of Customers 1,405 712

KWH Sales (Thousands) 8,593 414,167

Gross Revenues 1,390,478 20,460,939

Avg. Annual KWH Per Customer (1) 6,116 581,695

Avg. Annual Bill per Customer (2) 990 28,737

Avg. Monthly Bill per Customer (3) 83 2,395

Avg. Gross Revenue per KWH sold (4) .1618 .0494

Directions for the completion of (1 ). (2), (3), (4):

(1) Divide KWH sales by number of customers.

NMPRC Rule 510

(2) Divide gross revenues by number of customers.

(3) Divide (2) by 12 months.

(4) Divide gross revenues by KWH sales.

Total

2,117

422,760

21,851,417

199,698

10,322

860

.0517

Effective 01/01/89

c;k/cer1,l- · 216 main street • post office box 369 • clayton, new mexico 88415 phone:...

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