RURAL ELECTRIC COOPERATIVESnmprc.state.nm.us/consumer-relations/company-directory/cooperativ… · RURAL ELECTRIC COOPERATIVES Annual Report Of NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE,

RURAL ELECTRIC COOPERATIVES

Annual Report

Of

NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE, INC.

(Exact legal name of Respondent)

TO THE

NEW MEXICO

PUBLIC REGULATION COMMISSION

FOR THE

YEAR ENDED DECEMBER 31, 20 ~

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RUS, CFC AND COBANK NOTES 2016

RUS NOTES DATE RATE

RET-10-20 2/15/2011 4.67%RET-11-1 12/31/2015 5.00%RET-11-2 9/21/2016 5.00%

TOTALS

CFC NOTES DATE

NM0159007001 10/1/1998NM0159008001 10/1/1998

RATE

3.25%3.25%

TOTALS

BEGINNINGBALANCE

$982,201.51$400,000.00

$2,0S~000.00$3,438,201.51

BEGINNINGBALANCE

58,485.21$67,198.92$75,684.13

PRINCIPALPAYMENTS

$21,238.37$5,682.10$7,581.43$34,501.90

PRINCIPALPAYMENTS

$1,254.20$5,790.38$7,044.58

ENDING PRINCIPALBALANCE AS OF 12/31/2016

$960,963.14$394,317.90

$2,048,418.57$3,403,699.61

ENDING PRINCIPALBALANCE AS OF 12/31/2015

$7,231.01$61,408.54

$68,639.55

INTERESTPAYMENTS

$45,290.59$21,350.51$28,057.59$94,698.69

INTERESTPAYMENTS

$245.62$2,009.73$2,255.35

COBANK NOTE DATE RATE

2594717 3/30/2012 3.4400%

BEGINNINGBALANCE

$1,562,797.65

PRINCIPALPAYMENTS

$156,125.19

ENDING PRINCIPALBALANCE AS OF 12/31/2015

$1,406,672.46

INTERESTPAYMENTS

$51,304.22

Page 1

ELECTRIC OPERATION AND MAINTENANCE EXPENSES

2.LineNo.

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

Account Amount for Current Increase or DecreaseFrom Preceding Year

(a) (c)

2. STEAM POWER GENERATION3. OPERATION4. 500 Operation Supervision and Engineering5. 501 Fuel6. 502 Steam Expenses7. 503 Steam From Other Sources8. 504 Steam Transferred - Credit9. 505 Electric Expenses10. 506 Miscellaneous Steam Power Expenses11. 507 Rents12. Total Operation13. MAINTENANCE14. 510 Maintenance Supervision and Engineering15. 511 Maintenance of Structures16. 512 Maintenance of Boiler Plant17. 513 Maintenance of Electric Plant18. 514 Maintenance of Miscellaneous Steam Plant19. Total Maintenance20. Total Power Production Expenses-Steam Power21. NUCLEAR POWER GENERATION22. OPERATION23. 517 Operation Supervision and Engineering24. 518 Fuel25. 519 Coolants and Water26. 520 Steam Expenses27. 521 Steam From Other Sources28. 522 Steam Transferred - Credit29. 523 Electric Expenses30. 524 Miscellaneous Nuclear Power Expenses31. 525 Rents32. Total Operation33. MAINTENANCE34. 528 Maintenance Supervision and Engineering35. 529 Maintenance of Structures36. 530 Maintenance of Reactor Plant Equipment37. 531 Maintenance of Electric Plant38. 532 Maintenance of Miscellaneous Nuclear Power39. Total Maintenance40. Total Power Production Expenses-Nuclear Power41. HYDRAULIC POWER GENERATION42° OPERATION43. 535 Operation Supervision and Engineering44. 536 Water for power45. 537 Hydraulic Expenses46. 538 Electric Expenses47. 539 Miscellaneous Hydraulic Power Generation Expenses48. 540 Rents49. Total Operation50. MAINTENANCE51. 541 Maintenance Supervision and Engineering52. 542 Maintenance of Structures

Year(b)

POWER PRODUCTION EXPENSES

LineNo.

4.5.6.7.8.9.10.

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.

P~0~. PELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

Account(a)

HYDRAULIC POWER GENERATION543 Maintenance of Reservoirs, Dams and

Waterways544 Maintenance of Electric Plant545 Maintenance of Miscellaneous Hydraulic Plant

Total MaintenanceTotal Power Production Expenses- Hydraulic Power

OTHER POWER GENERATIONOPERATION

546 Operation Supervision and Engineering547 Fuel

548 Generation Expenses549 Miscellaneous Other Power Generation Expenses550 Rents

Total OperationMAINTENANCE

551 Maintenance Supervision and Engineering552 Maintenance of Structures553 Maintenance of Generating and Electric Plant554 Maintenance Miscellaneous Other Power GenerationPlant

Total MaintenanceTotal Power Production Expenses-Other Power

OTHER POWER SUPPLY EXPENSES555 Purchased Power556 System Control and Load Dispatching557 Other Expenses

Total MaintenanceTotal Power Production Expenses

TRANSMISSION EXPENSESOPERATION

560 Operation Supervision and Engineering561 Load Dispatching562 Station Expenses563 Overhead Line Expenses564 Underground Line Expenses565 Transmission of Electricity by Others566 Miscellaneous Transmission Expenses567 Rents

Total OperationMAINTENANCE

568 Maintenance Supervision and Engineering569 Maintenance of Structures570 Maintenance of Station Equipment571 Maintenance of Overhead Lines572 Maintenance of Underground Lines573 Maintenance of Miscellaneous Transmission Plant

Total MaintenanceTotal Transmission Expenses

DISTRIBUTION EXPENSESOPERATION

580 Operation Supervision and Engineering581 Load Dispatching582 Station Expenses583 Overhead Line Expenses584 Underground Line Expenses585 Street Lighting and Signal System Expenses

Amount for CurrentYear(b)

2,087,857

2,087,857

17,792

17,792

5,717

7,4685,570

Increase or DecreaseFrom Preceding Year

(c)

88,025

88,025

<19,264>

~19,267>

1,295

<30,406><4,544>

LineNo.

2.3,4.5.6.7.

Pa0e 3ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

Account(a)

DISTRIBUTION EXPENSES (continued)586 Meter Expenses

587 Customer Installations Expenses588 Miscellaneous Distribution Expenses589 Rents

Total OperationMAINTENANCE

8. 590 Maintenance Supervision and Engineering9. 591 Maintenance of Structures10. 592 Maintenance of Station Equipment11. 593 Maintenance of Overhead Lines12. 594 Maintenance of Underground Lines13. 595 Maintenance of Line Transformers14. 596 Maintenance of Street Lighting and Signal Systems15. 597 Maintenance of Meters16. 598 Maintenance of Miscellaneous Distribution Plant17. Total Maintenance18. Total Distribution Expenses19. CUSTOM ER ACCOUNTS EXPENSES20. OPERATION21. 901 Supervision22. 902 Meter Reading Expenses23. 903 Customer Records and Collection Expenses24. 904 Uncollectible Accounts25. 905 Miscellaneous Customer Accounts Expenses26. Total Customer Accounts Expenses27. SALES EXPENSES28. OPERATION29. 911 Supervision30. 912 Demonstrating and Selling Expenses31. 913 Advertising Expenses32. 914 Revenues From Merchandising, Jobbing and Contract

Work33. 915 Cost and Expenses of Merchandising, Jobbing and

Contract Work34. 916 Miscellaneous Sales Expenses35. Total Sales Expenses36. ADMINISTRATIVE AND GENERAL EXPENSES37. OPERATION38. 920 Administrative and General Salaries39. 921 Office Supplies and Expenses40. 922 Administrative Expenses Transferred-Credit41. 923 Outside Services Employed42. 924 Property Insurance43. 925 Injuries and Damages44. 926 Employee Pensions and Benefits45. 927 Franchise Requirements46. 928 Regulatory Commission Expenses47. 929 Duplicate Charges-Credit48. 930Miscellaneous General Expenses49. 931 Rents50. Total Operation51. MAINTENANCE52. 932 Maintenance of General Plant53. Total Administrative and General Expenses54. Total Electric Operation and Maintenance Expenses

Amount for CurrentYear(b)

$57,555

15,9583,315~)5,583

~,507232,815~,83956326,96526,069

295,758391,341

~5,579261,2525,552g,385320,768

30,1975,569

35,766

347,06314,261

26,306

1,268

19,603

131,0557,715583,084

40,572547,3183,438,391

Increase or DecreaseFrom Preceding Year

<36,087>

10,71396<58,933>

4,50754,975848<1,315><24,194><2,662>

<32,159><91,092>

<1,761><24,828>452<2,589><28,726>

<11,213>(622>

dl,835>

(6,461>2,944

�11,728>

(90>108

(4,348>

(14,343>390(44,863>

~12,353><33,028>~19,013>

Page 4ELECTRIC OPERATION AND MAINTENANCE EXPENSES (continued)

SUMMARY OF ELECTRIC OPERATION AND MAINTENANCE EXPENSES

Line Functional ClassificationNo. (a)I. Power Production Expenses2. Electric Generation:3. Steam Power4. Nuclear Power5. Hydraulic Power6. Other Power7. Other Power Supply Expenses8. Total Power Production Expenses9. Transmission Expenses10. Distribution Expenses1 I. Customer Accounts Expenses12. Sales Expenses13. Administrative and General Expenses14.

Operation(b)

2,087,858

95,583

320,768

35,766

547,318

3,087,293Total Electric Operation and Maintenance ExpensesNUMBER OF ELECTRIC DEPARTMENT EMPLOYEES

17,792

295,758

313,550

Maintenance(c)

2,087,858

17,792

391,341

320,768

35,766

547,318

3,400,843

Total(d)

15. Number of electric Department Employees, Payroll Period Ending16. Total Regular Full-Time Employees17. Total Part-Time and Temporary Employees18. Total Employees

12/31/16

14

The data on number of employees should be reported for the payroll period ending nearest to October 31, or anypayroll 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 employeesas part-time and temporary 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 bedetermined by estimate, on the basis of employee equivalents. Show the estimated number of equivalent employeesattributed to the electric department from joint functions.

Page 6CONSTRUCTION OVERHEADS - ELECTRIC

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

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

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

4. A respondent should not report "none" to this schedule if no overhead apportionments are made, but rather shouldexplain on the lower section of this schedule that only such engineering, supervisor, and administrative cost, etc.,which are directly chargeable construction are charged to construction, if this is the case. Engineering, supervision,administrative and interest costs, etc., which are first assigned to a blanket work order and then prorated to constructionjobs 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 toNo. (a) to Construction which Overheads were construction cost

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

1. LABOR 67,153 %2. INDIRECT LABOR 115,328 2953. TAXES 5,927 124. DUES & INSURANCE 8,688 225. EMPLOYEE BENEFITS 32,162 57

6. TRANSPORTATION ~,4,452 447. COMPUTER MAINTENANCE 5,700 198. ENGINEERING ~,,990 99. TOTAL 67,153 45410.11. MATERIAL 55,92512. MATERIAL OH 18,651 13713.14. Totals 2.35,898 123,078 264

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.(c) The method of distribution to construction jobs.(d) Percentages applied to different types of construction.(e) Basis of differentiation in percentages for different types of construction.(f) Amounts capitalized for each overhead for the year for which this report is submitted.

2. In addition to other information concerning engineering and superintendence or other such over heads, explainwhether the amounts treated as overheads include all engineering and superintendence costs or only such portions asare 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 theamounts capitalized for the year for which this report is submitted.

FOR ALL COSTS NOT CHARGEABLE DIRECTLY TO A SPECIFIC WORK ORDER, 130% OF DIRECT LABOR IS APPLIED FOR EACH

MONTH TO COVER THESE COSTS.

Page 7ELECTRIC DISTRIBUTION METERS AND LINE TRANSFORMERS

Report below the information called for concerning distribution watt-hour meters and line transforms.Watt-hour demand distribution meters should be included below but external demand meters should not be included.Show in a footnote the number of distribution watt-hour meters or line transformers held by the respondent under leasefrom others, jointly owned with others, or held otherwise that by reason of sole ownership by the respondent. If 500 ormore meters or line transformers are held under a lease, give name of lesser, date and period of lease and annualrent. If 500 or more meters or line transformers are held other than by reason of sole ownership or lease, five name ofco-owner or other party, explain basis of accounting for expenses between the parties, and state amounts andaccounts affected in respondent’s books of account. Specify in each case whether lesser, co-owner or other party is anassociated company.

Lin ItemeNo. (a)1. Number at beginning of year2. Additions during year:3. Purchases4. Associated with utility plant acquired5. Total Additions6. Reductions during year:7. Retirements8. Associated with utility plant sold9. Total reductions10. Number at end of year11. In stock12. Locked meters on customers’ premises13. Inactive transformers on system14. In customers’ use15. In company’s use16. Total end of year (as above)

Number of Watt-hourMeters

(b)5,801

2,923

765

7,9591,100277

3,050137,959

3,780

44

3,82457

3,88193,890

LINE TRANSFORMERSNumber Total Capacity (kva)

(c) (d)70,568

650

74,6451510.00

76,15528776,442

Page 8

VERIFICATION

The foregoing report must be verified by the oath of the office having control of the accounting of therespondent. The oath required may be taken before any person authorized to administer an oath by thelaws 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 RIO ARRIBA

BENJAMIN LEYBA(Insert here the name of the affiant.)

makes oath and says that he is EXECUTIVE VP/GM(Insert here the official title of the affiant.)

of NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE, INC.(Insert here the exact legal title of name of the respondent.)

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

therein during the period from and including JANUARY 1 ,2016,

to and including DECEMBER 31

Subscribed and sworn to before me, a

County above named, this

¯

day of ,_ ~ ,20 1£/-/-/-~

~ o~~r a th~’~ed to administer oaths)

New Mexico Jurisdictional InformationYear Ending December 31, 20m

Form I

Electric Company Name NORTHERN RIO ARRIBA ELECTRIC CO-OP, INC.

Address PO BOX 217 CHAMA NM 87520 1135 CAMINO ESCONDIDO

Phone Number 575-756-2181

Person Completing Form TRINA DEYAPP

Customer Class Residential Other Total

Number of Customers

KWH Sales (Thousands)

Gross Revenues

Avg. Annual KWH Per Customer (1)

2,561

13,960

2,384,845

5,451

~,64

10,385

1,662,485

22,381

3,582.94

3,025

24,345

4,047,330

27,832

Avg. Annual Bill per Customer (2) 931.22 1,337.96

Avg. Monthly Bill per Customer (3)77.60 298.58 111.50

Avg. Gross Revenue per KWH sold (4) 0.17 D.16 0.17

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

(1) Divide KWH sales by number.of customers.

(2) Divide gross revenues by number of customers.

(3) Divide (2) by 12 months.

(4) Divide gross revenues by KWH sales.

NMPRC Rule 510 Effective 01/01/89

~ Northern Rio Arriba E/ectric Cooperat~e, Inc.RO. Box 217 - CHAMA, NEW MEXICO 87520

Phone: (575) 756-2181Fax: (575) 756-2200

E-mail: [email protected]

April 27, 2017

Kathleen SeguraNM Public Regulation Commission

Dear Ms. Segura:

I am requesting an extension for our Rural Electric Cooperatives Annual Report on behalf of NorthernRio Arriba Electric Co-op due April 30, 2017. We are requesting an extension until Monday, May 1, 2017due to our Executive Vice-President/General Manager is currently out of state on business who is

authorized to sign the verification/oath.

I appreciate your attention to this request.

Sincerely,

ControllerNorthern Rio Arriba Electric Co-op, [email protected]~