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        <RelatedOrExemptFuncIncomeAmt>1214550</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
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        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>995374</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>995374</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>POLE RENTAL</Desc>
        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>373167</TotalRevenueColumnAmt>
        <ExclusionAmt>373167</ExclusionAmt>
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      <TotalProgramServiceRevenueAmt>85048343</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>124576</TotalRevenueColumnAmt>
        <ExclusionAmt>124576</ExclusionAmt>
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      <OtherRevenueMiscGrp>
        <Desc>OTHER NONOPERATING REVENUE</Desc>
        <TotalRevenueColumnAmt>64797</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>64797</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>64797</OtherRevenueTotalAmt>
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        <TotalRevenueColumnAmt>85237716</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>84739973</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>497743</ExclusionAmt>
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      <BenefitsToMembersGrp>
        <TotalAmt>7628294</TotalAmt>
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        <TotalAmt>4150987</TotalAmt>
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        <TotalAmt>7440697</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>PURCHASED POWER</Desc>
        <TotalAmt>45297577</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>DISTRIBUTION MAINTENANCE</Desc>
        <TotalAmt>8360540</TotalAmt>
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        <Desc>ADMIN. &amp; GENERAL EXP.</Desc>
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      <OtherExpensesGrp>
        <Desc>CONSUMER ACCOUNTS</Desc>
        <TotalAmt>3102360</TotalAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>3147932</TotalAmt>
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        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
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        <EOYAmt>122658968</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>2960753</BOYAmt>
        <EOYAmt>3703945</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>139894269</BOYAmt>
        <EOYAmt>145271795</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>69019766</BOYAmt>
        <EOYAmt>75148610</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>69019766</BOYAmt>
        <EOYAmt>75148610</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>208914035</BOYAmt>
        <EOYAmt>220420405</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>0</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>6128844</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc4">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>782868</OtherCostOrOtherBasisAmt>
        <BookValueAmt>782868</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>9923973</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>4710690</DepreciationAmt>
        <BookValueAmt>5213283</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>247338896</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>81910239</DepreciationAmt>
        <BookValueAmt>165428657</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>171424808</TotalBookValueLandBuildingsAmt>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS -NCEMC</Desc>
        <BookValueAmt>17945411</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - OTHER</Desc>
        <BookValueAmt>2724167</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - TEMA</Desc>
        <BookValueAmt>1379283</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - CTC'S</Desc>
        <BookValueAmt>1336313</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - NRUCFC</Desc>
        <BookValueAmt>990147</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - FEDERATED</Desc>
        <BookValueAmt>379154</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - SEDC</Desc>
        <BookValueAmt>85027</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - COBANK</Desc>
        <BookValueAmt>1000</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - NRTC</Desc>
        <BookValueAmt>964</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>INVESTMENTS - NCSC</Desc>
        <BookValueAmt>100</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <TotalBookValueProgramRltdAmt>24841566</TotalBookValueProgramRltdAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ACCUM PROV FOR POSTRETIREMENT</Desc>
        <Amt>2654513</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>CONSUMER DEPOSITS</Desc>
        <Amt>655019</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>INSTALLATION COST</Desc>
        <Amt>394413</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>3703945</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>85237716</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>85237716</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>85237716</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>77609422</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>77609422</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>7628294</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>7628294</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>85237716</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>PATRONAGE CAPITAL CREDITS 7,628,294</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc5">
      <IndependentConsultantInd>X</IndependentConsultantInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DENNIS MABE</PersonNm>
        <TitleTxt>CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>310759</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>360</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>1324</OtherCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12755</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>325198</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>AUBIN REYNOLDS</PersonNm>
        <TitleTxt>VP ENGINEERING</TitleTxt>
        <BaseCompensationFilingOrgAmt>182280</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>2129</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>1498</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>47490</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15403</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>248800</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JAY ALBRIGHT</PersonNm>
        <TitleTxt>DISTRICT VP</TitleTxt>
        <BaseCompensationFilingOrgAmt>221266</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>2459</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>2592</OtherCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12717</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>239034</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MICHAEL TRENT</PersonNm>
        <TitleTxt>VP MEM SRVC/PUB RELA</TitleTxt>
        <BaseCompensationFilingOrgAmt>180956</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>2466</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>825</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>32416</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>13944</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>230607</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>FRED SMITH</PersonNm>
        <TitleTxt>VP ENGINEERING</TitleTxt>
        <BaseCompensationFilingOrgAmt>201947</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>2477</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>4685</OtherCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12474</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>221583</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>TRACY BATES</PersonNm>
        <TitleTxt>LINE SUPERINTENDENT</TitleTxt>
        <BaseCompensationFilingOrgAmt>154171</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>1911</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>1188</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>36341</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15076</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>208687</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc6">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>MANAGEMENT OF THE COOPERATIVE PROVIDES INFORMATION TO THE ENTITY'S EXTERNAL CERTIFIED PUBLIC ACCOUNTING FIRM FOR THE PURPOSE OF PREPARING THE COPRORATION'S 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 FOR ACCURACY AND CORRECTNESS AND PRESENTS TO ITS BOARD OF DIRECTORS FOR REVIEW, DISCUSSION AND APPROVAL PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>OFFICERS, DIRECTORS, AND HIGHEST COMPENSATED EMPLOYEE ARE REQUIRED TO ANNUALLY COMPLETE A QUESTIONNAIRE DETAILING BUSINESS RELATIONSHIPS WITH THE COOPERATIVE, WITH RELATED ORGANIZATIONS, OR WITH OTHER OFFICERS, DIRECTORS OR HIGHEST COMPENSATED EMPLOYEES. DIRECTORS AND CHIEF EXECUTIVE OFFICER SHALL MAKE FULL DISCLOSURE TO THE BOARD OF DIRECTORS OF ANY FACTS INDICATING A CONFLICT OF INTEREST. THEY MAY REQUEST AN OPINION OF THE COOPERATIVE'S GENERAL COUNSEL BEFORE TAKING SUCH ACTION. DIRECTORS SHALL DISQUALIFY THEMSELVES FROM VOTING ON A DECISION POSING A CONFLICT OF INTEREST OR CREATING THE APPEARANCE OF A CONFLICT OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE ENGAGES AN OUTSIDE CONSULTANT WHO PROVIDES SALARY RANGES BASED ON MARKET DATA FOR ALL POSITIONS IN THE COOPERATIVE. FOR ALL POSITIONS, EXCEPT CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS REVIEWS THE RELEVANT MARKET AND HISTORICAL DATA, CONSIDERS THE CHIEF EXECUTIVE OFFICER'S RECOMMENDATION, AND APPROVES OR DISAPPROVES THE COMPENSATION PACKAGE FOR THE EMPLOYEES. FOR THE POSITION OF CHIEF EXECUTIVE OFFICER, THE OUTSIDE CONSULTANT PROVIDES THE COOPERATIVE'S ATTORNEY WITH MARKET AND HISTORICAL DATA. THE BOARD OF DIRECTORS DETERMINES CONPENSATION FOR THE CHIEF EXECUTIVE OFFICER. ALL DECISIONS OF THE BOARD ARE DOCUMENTED IN MEETING MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>SEE ABOVE - FORM 990 PART VI, SECTION A, LINE 15</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON IT'S WEBSITE WWW.RANDOLPHEMC.COM. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>PATRONAGE CAPITAL CREDITS 7,628,294 RETIREMENT OF PATRONAGE CAPITAL -933,458 ACCUMULATED OTHER COMP. INCOME -565,992 TOTAL 6,128,844</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>