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          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>2298 NAIL ROAD</AddressLine1Txt>
            <CityNm>HORN LAKE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38637</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>ELECTRIC LINE</ServicesDesc>
        <CompensationAmt>2347479</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>5</CntrctRcvdGreaterThan100KCnt>
      <ProgramServiceRevenueGrp>
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        <BusinessCd>221100</BusinessCd>
        <TotalRevenueColumnAmt>146811729</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>146811729</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>LATE PAYMENT CHARGES</Desc>
        <TotalRevenueColumnAmt>779589</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>779589</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>SERVICE COLLECTION FEES</Desc>
        <TotalRevenueColumnAmt>377155</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>377155</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>MISCELLANEOUS SERVICE REVENUE</Desc>
        <TotalRevenueColumnAmt>38412</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>38412</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>EV CHARGING</Desc>
        <TotalRevenueColumnAmt>17207</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>17207</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalOthProgramServiceRevGrp>
        <TotalRevenueColumnAmt>60</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>60</RelatedOrExemptFuncIncomeAmt>
      </TotalOthProgramServiceRevGrp>
      <TotalProgramServiceRevenueAmt>148024152</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>741929</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>741929</RelatedOrExemptFuncIncomeAmt>
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      <GrossRentsGrp>
        <PersonalAmt>708482</PersonalAmt>
      </GrossRentsGrp>
      <RentalIncomeOrLossGrp>
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      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>708482</TotalRevenueColumnAmt>
        <ExclusionAmt>708482</ExclusionAmt>
      </NetRentalIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>FIBER LEASE</Desc>
        <BusinessCd>900002</BusinessCd>
        <TotalRevenueColumnAmt>2260633</TotalRevenueColumnAmt>
        <UnrelatedBusinessRevenueAmt>2260633</UnrelatedBusinessRevenueAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>2260633</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>151735196</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>2260633</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>708482</ExclusionAmt>
      </TotalRevenueGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>7102410</TotalAmt>
        <ProgramServicesAmt>7102410</ProgramServicesAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>1034010</TotalAmt>
        <ProgramServicesAmt>1034010</ProgramServicesAmt>
      </PensionPlanContributionsGrp>
      <InterestGrp>
        <TotalAmt>6681537</TotalAmt>
        <ProgramServicesAmt>6681537</ProgramServicesAmt>
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      <DepreciationDepletionGrp>
        <TotalAmt>12328483</TotalAmt>
        <ProgramServicesAmt>12328483</ProgramServicesAmt>
      </DepreciationDepletionGrp>
      <OtherExpensesGrp>
        <Desc>POWER COST</Desc>
        <TotalAmt>105482489</TotalAmt>
        <ProgramServicesAmt>105482489</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DISTRIBUTION/MAINTENANCE</Desc>
        <TotalAmt>8704813</TotalAmt>
        <ProgramServicesAmt>8704813</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DISTRIBUTION/OPERATING</Desc>
        <TotalAmt>5260171</TotalAmt>
        <ProgramServicesAmt>5260171</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ADMINISTRATIVE AND GENERA</Desc>
        <TotalAmt>4575802</TotalAmt>
        <ProgramServicesAmt>4575802</ProgramServicesAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>-2277236</TotalAmt>
        <ProgramServicesAmt>-2277236</ProgramServicesAmt>
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      <TotalFunctionalExpensesGrp>
        <TotalAmt>148892479</TotalAmt>
        <ProgramServicesAmt>148892479</ProgramServicesAmt>
        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>6282289</BOYAmt>
        <EOYAmt>5626430</EOYAmt>
      </CashNonInterestBearingGrp>
      <AccountsReceivableGrp>
        <BOYAmt>17527918</BOYAmt>
        <EOYAmt>16870614</EOYAmt>
      </AccountsReceivableGrp>
      <InventoriesForSaleOrUseGrp>
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        <EOYAmt>2742886</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>200045</BOYAmt>
        <EOYAmt>250532</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>337407878</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>82024652</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>228744204</BOYAmt>
        <EOYAmt>255383226</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsOtherSecuritiesGrp>
        <BOYAmt>5769497</BOYAmt>
        <EOYAmt>7402455</EOYAmt>
      </InvestmentsOtherSecuritiesGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>8917301</BOYAmt>
        <EOYAmt>6876822</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
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        <EOYAmt>295152965</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
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        <EOYAmt>130826517</EOYAmt>
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      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>6000000</BOYAmt>
        <EOYAmt>4000000</EOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>10098595</BOYAmt>
        <EOYAmt>10591353</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>148259928</BOYAmt>
        <EOYAmt>170122640</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
        <BOYAmt>1478462</BOYAmt>
        <EOYAmt>1505194</EOYAmt>
      </CapStkTrPrinCurrentFundsGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>119984234</BOYAmt>
        <EOYAmt>123525131</EOYAmt>
      </RtnEarnEndowmentIncmOthFndsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>121462696</BOYAmt>
        <EOYAmt>125030325</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>269722624</BOYAmt>
        <EOYAmt>295152965</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>2842717</ReconcilationRevenueExpnssAmt>
      <PriorPeriodAdjustmentsAmt>698180</PriorPeriodAdjustmentsAmt>
      <OtherChangesInNetAssetsAmt>26732</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolidatedBasisFinclStmtInd>X</ConsolidatedBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc3">
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        <OtherCostOrOtherBasisAmt>2402898</OtherCostOrOtherBasisAmt>
        <BookValueAmt>2402898</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
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        <DepreciationAmt>4520357</DepreciationAmt>
        <BookValueAmt>11836413</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>318648210</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>77504295</DepreciationAmt>
        <BookValueAmt>241143915</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>255383226</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>CUSTOMER DEPOSITS</Desc>
        <Amt>8302983</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>OTHER CURRENT &amp; ACCRUED LIABILITIES</Desc>
        <Amt>2287743</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>CONSERVATION - TVA</Desc>
        <Amt>627</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>10591353</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>151735196</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>151735196</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>151735196</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>148892479</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>148892479</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>148892479</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc4">
      <TravelForCompanionsInd>X</TravelForCompanionsInd>
      <WrittenPolicyRefTAndEExpnssInd>true</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>true</SubstantiationRequiredInd>
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <IndependentConsultantInd>X</IndependentConsultantInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>WILLIAM K DODDRIDGE</PersonNm>
        <TitleTxt>GENERAL MANAGER</TitleTxt>
        <BaseCompensationFilingOrgAmt>585542</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>121395</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>706937</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARK NICHOLS</PersonNm>
        <TitleTxt>DIRECTOR OF FINANCE</TitleTxt>
        <BaseCompensationFilingOrgAmt>289840</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>76728</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>366568</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JONATHAN COX</PersonNm>
        <TitleTxt>DIRECTOR OF SAFETY</TitleTxt>
        <BaseCompensationFilingOrgAmt>222072</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>77505</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>299577</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LARRY JOHNSON</PersonNm>
        <TitleTxt>DIRECTOR OF ENGINEER</TitleTxt>
        <BaseCompensationFilingOrgAmt>217983</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>73803</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>291786</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JAKE BELLIPANNI</PersonNm>
        <TitleTxt>DIRECTOR OF MARKETIN</TitleTxt>
        <BaseCompensationFilingOrgAmt>208677</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>77505</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>286182</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DARIN FARLEY</PersonNm>
        <TitleTxt>DIRECTOR OF CONSTRUC</TitleTxt>
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        <DeferredCompensationFlngOrgAmt>66487</DeferredCompensationFlngOrgAmt>
        <TotalCompensationFilingOrgAmt>263020</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OF THE COOPERATIVE ARE USERS OF ELECTRICITY PRODUCED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>A GENERAL ELECTION IS HELD TO ELECT THE BOARD AND OFFICERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS DECIDES THE EXECUTIVE DIRECTOR'S COMPENSATION AMOUNT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>CHANGE IN INVESTMENT OF MEMBERS 26,732</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc6">
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>NORTHCENTRAL CONNECT</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>4600 NORTHCENTRAL WAY</AddressLine1Txt>
          <CityNm>OLIVE BRANCH</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>38654</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>FIBER</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>MS</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>true</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>true</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>NORTHCENTRAL CONNECT</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>D</TransactionTypeTxt>
        <InvolvedAmt>7500000</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>LOAN AGREEMENT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>NORTHCENTRAL CONNECT</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>J</TransactionTypeTxt>
        <InvolvedAmt>2633389</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>LEASE AGREEMENT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>