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      <ProgramServiceRevenueGrp>
        <Desc>POLE ATTACHMENTS</Desc>
        <TotalRevenueColumnAmt>616379</TotalRevenueColumnAmt>
        <ExclusionAmt>616379</ExclusionAmt>
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      <TotalProgramServiceRevenueAmt>143394668</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>307026</TotalRevenueColumnAmt>
        <ExclusionAmt>307026</ExclusionAmt>
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      <OtherRevenueMiscGrp>
        <Desc>CAPITAL CREDITS</Desc>
        <TotalRevenueColumnAmt>4504616</TotalRevenueColumnAmt>
        <ExclusionAmt>4504616</ExclusionAmt>
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      <OtherRevenueMiscGrp>
        <Desc>OTHER NON OPERATING INCOME</Desc>
        <TotalRevenueColumnAmt>6094</TotalRevenueColumnAmt>
        <ExclusionAmt>6094</ExclusionAmt>
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      <OtherRevenueTotalAmt>4510710</OtherRevenueTotalAmt>
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        <TotalRevenueColumnAmt>148212404</TotalRevenueColumnAmt>
        <ExclusionAmt>148212404</ExclusionAmt>
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      <BenefitsToMembersGrp>
        <TotalAmt>2307771</TotalAmt>
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      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>1040099</TotalAmt>
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      <CompDisqualPersonsGrp>
        <TotalAmt>122982</TotalAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>732001</TotalAmt>
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        <TotalAmt>5716723</TotalAmt>
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        <TotalAmt>9162094</TotalAmt>
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        <Desc>COST OF POWER</Desc>
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        <Desc>DISTRIBUTION- MAINTENANCE</Desc>
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        <Desc>PATRONAGE CAP - POWERSOUTH</Desc>
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        <Desc>INVESTMENT - FED. RURAL ELECTRIC INS</Desc>
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        <Desc>PATRONAGE CAP - NRUCFC</Desc>
        <BookValueAmt>247476</BookValueAmt>
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        <Desc>PATRONAGE CAP - UNITED UTILITY</Desc>
        <BookValueAmt>218596</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <InvstProgramRelatedOrgGrp>
        <Desc>ECONOMIC DEVELOPMENT PROJECTS</Desc>
        <BookValueAmt>77459</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <InvstProgramRelatedOrgGrp>
        <Desc>PATRONAGE CAP - NISC</Desc>
        <BookValueAmt>53372</BookValueAmt>
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      <InvstProgramRelatedOrgGrp>
        <Desc>PATRONAGE CAP - ARKANSAS ELECTRIC</Desc>
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      <InvstProgramRelatedOrgGrp>
        <Desc>PATRONAGE CAP - NRTC</Desc>
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        <Desc>CONSUMER DEPOSITS</Desc>
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        <Desc>POSTRETIREMENT BENEFITS</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>OTHER DEFERRRED CREDITS</Desc>
        <Amt>477098</Amt>
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      <TotalLiabilityAmt>12145845</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>148212404</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>148212404</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>148212404</TotalRevenuePerForm990Amt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>RETIREMENT OF CAPITAL CREDITS PAID 2,307,771</ExplanationTxt>
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    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc4">
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        <PersonNm>E A JAKINS JR</PersonNm>
        <TitleTxt>CEO</TitleTxt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ALAN L SCHOTT</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>WILLIAM JODY TAYLOR</PersonNm>
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        <DeferredCompensationFlngOrgAmt>49656</DeferredCompensationFlngOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>A CLYDE ABRAMS</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>STEVEN KENT IRVIN</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SUE CAMPBELL</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>W BRIAN SEALS</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>THOMAS PAGE</PersonNm>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>GULF OPPORTUNITY ZONE BONDS</BusinessNameLine1>
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        <BondIssuedDt>2008-07-01</BondIssuedDt>
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        <BondReferenceCd>A</BondReferenceCd>
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        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
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        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
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      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
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        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
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        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
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    <IRS990ScheduleO documentId="RetDoc6">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990</FormAndLineReferenceDesc>
        <ExplanationTxt>PART IX, LINE 4 - RETIREMENT OF CAPITAL CREDITS DISCLOSED REPRESENT THE RETIREMENT OF PATRONAGE CAPITAL ALLOCATED IN PRIOR YEARS WHICH WERE PAID TO MEMBERS IN THE CURRENT YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 68,949 CUSTOMERS IN THE RURAL AREAS OF BALDWIN AND MONROE COUNTIES IN ALABAMA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBER OWNED CORPORATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>BYLAW CHANGES, ELECTION OF BOARD OF DIRECTORS AND SALE OF COOPERATIVE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>MANAGEMENT PRESENTS THE TAX RETURN TO THE BOARD FOR REVIEW PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>OFFICER, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO NOTIFY MANAGEMENT OR THE BOARD AS POTENTIAL CONFLICTS ARISE. THE CORPORATION REVIEWS ALL PAYMENTS AND EACH SUPERVISOR DETERMINES IF A POTENTIAL CONFLICT SHOULD BE CONSIDERED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORPORATION USES AN INDEPENDENT CONSULTANT WHO PRESENTS A COMPENSATION COMPARISION FOR ALL POSITIONS AT THE CORPORATION; THIS COMPARISON IS THE BASIS FOR COMPENSATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORPORATION USES AN INDEPENDENT CONSULTANT WHO PRESENTS A COMPENSATION COMPARISION FOR ALL POSITIONS AT THE CORPORATION; THIS COMPARISON IS THE BASIS FOR COMPENSATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE AVAILABLE FOR INSPECTION IN SUMMERDALE, AL UPON REQUEST. BYLAWS AND ANNUAL REPORT AVAILABLE ONLINE ON THE COMPANY WEBSITE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>RETIREMENT OF CAPITAL CREDITS PAID 2,307,771</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIPS 5,185 UNCLAIMED CAPITAL CREDIT CHECKS 771,101 RETIREMENT OF CAPITAL CREDITS 2,307,771</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc7">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1>BALDWIN CO ELECT MEMBER CHARITABLE</BusinessNameLine1>
          <BusinessNameLine2>FOUNDATION INC</BusinessNameLine2>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1>P O BOX 220</AddressLine1>
          <City>SUMMERDALE</City>
          <State>AL</State>
          <ZIPCode>36580</ZIPCode>
        </USAddress>
        <EIN>200654595</EIN>
        <PrimaryActivitiesTxt>CHARITABLE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>AL</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>7</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>true</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BALDWIN CO ELECT MEMBER CHARITABLE</BusinessNameLine1>
          <BusinessNameLine2>FOUNDATION</BusinessNameLine2>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>337803</InvolvedAmt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BALDWIN CO ELECT MEMBER CHARITABLE</BusinessNameLine1>
          <BusinessNameLine2>FOUNDATION</BusinessNameLine2>
        </OtherOrganizationName>
        <TransactionTypeTxt>L</TransactionTypeTxt>
        <InvolvedAmt>115247</InvolvedAmt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>