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        <MethodValuationCd>C</MethodValuationCd>
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        <Desc>INVEST. ASSOC CO-OP NRTC</Desc>
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        <Desc>INVEST. ASSOC CO-OP FEDERATED</Desc>
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        <Desc>INVEST. ASSOC CO-OP TRIANGLE COMMUNI</Desc>
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        <MethodValuationCd>C</MethodValuationCd>
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        <Desc>INVEST IN ASSO CO-OP- NISC</Desc>
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        <MethodValuationCd>C</MethodValuationCd>
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      <OtherSecuritiesGrp>
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        <MethodValuationCd>C</MethodValuationCd>
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        <Desc>CONST. WORK IN PROGRESS</Desc>
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        <Desc>MATERIALS &amp; SUPPLIES</Desc>
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        <Desc>MISC. DEF. DEBITS</Desc>
        <BookValueAmt>382356</BookValueAmt>
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        <Desc>MERCHANDISE</Desc>
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        <Desc>VAPOR LIGHT MATERIALS</Desc>
        <BookValueAmt>31712</BookValueAmt>
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        <Desc>GENERAC GENERATOR</Desc>
        <BookValueAmt>4565</BookValueAmt>
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        <Desc>INTEREST RECEIVABLE- CFC</Desc>
        <BookValueAmt>4361</BookValueAmt>
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      <OtherAssetsOrgGrp>
        <Desc>COPPER NAPHTHENATE WOOD PRESERVATIVE</Desc>
        <BookValueAmt>36</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>10725843</TotalBookValueOtherAssetsAmt>
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      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CARSON SWEENEY</PersonNm>
        <TitleTxt>EMPLOYEE</TitleTxt>
        <BaseCompensationFilingOrgAmt>186048</BaseCompensationFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>186048</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA. WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE. WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS. WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA. WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE. WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS. WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA. WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE. WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS. WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS ELECTED TO GOVERNING BOARD. ELECTED BY OTHER MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>CHANGES IN BYLAWS AND VARIOUS OTHER ORGANIZATIONAL ISSUES DISCUSSED AT THE ANNUAL MEETING OF MEMEBERS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVE HIRES AN ACCOUNTING FIRM TO PREPARE FORM 990. ONCE COMPLETE, IT IS REVIEWED BY COOPERATIVE MANAGEMENT AND PRESENTED TO GOVERNING BODY ON NEXT REGULAR SCHEDULED MEETING. THE 990 IS AVAIALBE FOR REVIEW PRIOR TO BOARD MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>COOPEARTIVE MONITORS REGULARLY FOR COMPLIANCE WITH POLICIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>COOPERATIVE PROVIDES A COPY AVAILABLE FOR REVIEW AT THE COOPEATIVE HEADQUARTERS LOCATED IN LEWISTOWN, MT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>MAINT- SUPERVISION 263,588 0 0 CONSUMER RECORD 232,791 0 0 OVERHEAD LINE OPERATIONS 216,897 0 0 LINE PATROL 02 MAINTENANC 180,429 0 0 METER EXPENSE 179,310 0 0 METER READING 177,683 0 0 MISC. DIST. EXP. 174,224 0 0 MAITENANCE OF OH LINES 158,990 0 0 MISC. GEN. EXP. 156,745 0 0 O &amp; M SURVEY 151,069 0 0 OVERHEAD &amp; UGRD LINE EX. 143,035 0 0 OVERHEAD LINE EXPENSE- ED 130,423 0 0 PATROL OVERHEAD LINE EXPE 126,874 0 0 MAINTENANCE OVERHAD LINES 125,720 0 0 MAINT. OF GENERAL PLANT 107,972 0 0 TRANSMISSION EXPENSE - PR 102,263 0 0 MAINTENANCE TREE TRIMMING 82,165 0 0 LINE PATROL P2 TREE MAINT 81,148 0 0 CUSTOMER ASISTANCE EXP 72,612 0 0 DUES PAID ASSOCIATED ORGA 70,385 0 0 STATION EXPENSE 65,833 0 0 SUPERVISION 60,947 0 0 DIRECORS F &amp; M SWANZ 49,448 0 0 DIRECORS F &amp; M PAUL DESCH 45,483 0 0 DIRECORS F &amp; M ARNTZEN 43,646 0 0 UNDERGROUND LINE EXP DIST 42,474 0 0 ANNUAL MEETING EXP 39,269 0 0 DIRECTORS OVERHEAD 37,418 0 0 PERSONAL PROTECTIVE EQUIP 36,640 0 0 DIRECORS F &amp; M FROST, TER 36,123 0 0 DIRECORS F &amp; M CATHY KOMB 35,328 0 0 MAINTENANCE OF METERS 34,241 0 0 MAINTENANCE OF 30,563 0 0 METER EXPENSE- EDUCATION 26,196 0 0 DONATIONS- ENERGY SHARE 22,000 0 0 P2 TRANSMISSION MAINTENAN 21,001 0 0 DIRECORS F &amp; M EVANS, ROB 20,862 0 0 MAITENANCE SUP &amp; ENG EDU 20,779 0 0 DIRECORS F &amp; M MAXWELL 19,150 0 0 UNDERGROUND LINE EXPENSE 18,189 0 0 MAINTENANCE UNDERGROUND L 18,185 0 0 OTHER DEDUCTIONS 18,126 0 0 OPERATION SUPERVISION 16,705 0 0 MAINTENANCE OF STATION EQ 14,266 0 0 MAINT-STATIONS 11,369 0 0 MAINT GEN PLANT OFFICE FU 10,792 0 0 MTN OVERHEAD LINES MISC 10,783 0 0 A &amp; G EDUCATION 10,060 0 0 MAINT-LINE TRANS. 9,320 0 0 DEMONSTRATING AND SELLING 7,500 0 0 MAINTAIN OF O'HEAD LINES 7,294 0 0 DONATIONS 6,312 0 0 OVERHEAD LINE EXP MISC 5,994 0 0 CUSTOMERS RECORDS COLLECT 5,989 0 0 LINE PATROL P1 MAINTENANC 5,759 0 0 TRANSMISSION SUPERVISION 5,329 0 0 TRANSMISSION OPERATIONS - 4,983 0 0 TRANSMISSION MAINTENANCE 4,009 0 0 LINE PATROL P1 TREE MAINT 2,950 0 0 MAINT GEN PLANT COMM EQUI 2,866 0 0 METER EXPENSE EDUCATION 2,340 0 0 PRIORITY 3 - OVERHEAD MAI 2,180 0 0 PATROL TRANSMISSION OVERH 2,078 0 0 CUSTOMER ASSISTANCE - HIG 1,916 0 0 OVERHEAD LINE TRANSMISSIO 1,749 0 0 MISC GEN EXP 662 0 0 MAINT GEN PLANT POWER OPE 616 0 0 CONSUMER INSTALLATION EXP 300 0 0 GENERAL ADVERTISING EXPEN 120 0 0 P1 TRANSMISSION MAINTENAN 70 0 0 CONSUMER CREDIT CARD EXPE -2 0 0 TOTAL 3,830,533 0 0</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>BOOK / TAX DEPRECIATION DIFFERENCE 2,132,732 ESTATE RETIREMENTS -249,812 GENERAL RETIREMENTS -1,007,065 NON-OPERATING TRANSFERS -1,991,706 TOTAL -1,115,851</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>