SALES OF ELECTRIC ENERGY

SALES OF ELECTRIC ENERGY 44000 Residential Sales 1,258,127.68 912,731.87 11,422,950.06 11,624,286.42 19,408,954.42 44020 Dusk To Dawn Sales 10,993.16 10,520.24 87,245.86 91,897.67 131,181.78 44200 Commercial & Indust Sales 3,102,987.05 2,613,479.15 24,531,174.07 24,603,192.23 40,234,074.72 44800 Interdepartmental Sales 130,978.46 126,531.32 1,055,605.50 1,044,531.73 1,756,654.39 TOTAL SALES OF ENERGY 4,503,086.35 3,663,262.58 37,096,975.49 37,363,908.05 61,530,865.31 OTHER ELECTRIC REVENUE 44730 Wholesale Energy Sales - TENASKA 0.00 462,822.84 900,965.84 1,002,145.57 1,836,885.43 44750 Wholesale Energy Sales - NE CITY 60,233.44 0.00 64,983.01 0.00 64,983.01 44760 Wholesale Energy Sales - NELIGH 17,209.56 0.00 18,566.58 0.00 18,566.58 45000 Forfeited Discounts 13,797.88 21,090.71 115,956.67 110,990.04 193,107.70 45100 Service Sales 270.00 1,215.00 7,965.00 8,370.00 15,660.00 45400 Rent From Electric Property 0.00 0.00 62,532.94 60,038.24 86,244.94 TOTAL OTHER REVENUE 91,510.88 485,128.55 1,170,970.04 1,181,543.85 2,215,447.66 UTILITY OPERATING INCOME 41500 Merchandise Sales (26,311.03) 17,875.54 320,515.64 373,168.78 950,556.77 41510 Merchandise Material Exp (2,627.23) (5,075.48) 196,040.25 (139,079.86) (103,374.95) 41520 Merchandise Labor Expense (8,391.14) (7,462.81) 104,809.09 (81,030.93) (88,261.78) MERCHANDISE NET INCOME (37,329.40) 5,337.25 621,364.98 153,057.99 758,920.04 2016MayElecPL.xls Page 1 of 8

OTHER INCOME 41700 Rev From Non-Utility Oper 0.00 0.00 0.00 0.00 0.00 41710 Exp From Non-Utility Oper (13.59) (19.72) (98.46) (102.53) (160.51) 41900 Interest & Dividend Income 58,396.05 21,676.87 248,464.48 177,261.58 333,246.29 42100 Misc Non-Operating Revenue 82.17 87.07 10,824.57 2,813.38 11,227.38 42110 Gain On Disposition Prop 0.00 0.00 29,791.50 1,700.00 31,576.50 42900 Amortization of Debt Premium 37,588.21 38,588.02 300,705.68 308,704.16 399,006.85 TOTAL OTHER INCOME 96,052.84 60,332.24 589,687.77 490,376.59 774,896.51 INCOME DEDUCTIONS 40600 Amortized Plant Adjustment 0.00 0.00 0.00 0.00 0.00 40800 In Lieu Of Tax Expense 29,486.22 31,210.08 304,556.94 336,485.57 687,009.64 42120 Loss On Disposition Prop 0.00 0.00 0.00 0.00 228,194.00 42775 Interest Expense - 2012 Bonds 31,191.67 32,988.54 265,129.18 280,402.60 377,893.77 42785 Interest Expense - 2013 Bonds 126,100.00 128,008.33 1,071,850.00 1,088,070.82 1,261,000.01 42800 Amortization of Debt Expense 0.00 0.00 0.00 0.00 0.00 43100 Deposit Interest Expense 230.56 0.00 909.62 232.30 909.62 43500 Extraordinary Loss 0.00 0.00 0.00 0.00 0.00 TOTAL INCOME DEDUCTIONS 187,008.45 192,206.95 1,642,445.74 1,705,191.29 2,555,007.04 2016MayElecPL.xls Page 2 of 8

PROD OPER EXP - BURDICK STEAM 50010 Oper Super & Eng - Burdick Steam 13,004.22 12,771.05 123,776.38 115,408.40 185,940.83 50110 Generation Fuel Exp - Burdick Steam 2,773.44 1,638.70 19,516.54 48,370.57 84,875.77 50210 Station Labor - Burdick Steam 25,924.36 45,751.53 181,968.23 217,129.19 286,671.44 50510 Generation Prod Exp - Burdick Steam 22,266.64 23,169.74 202,631.61 203,690.31 301,521.07 50610 Oper Supp & Exp - Burdick Steam 11,290.26 10,807.72 130,767.58 120,146.60 194,207.06 TOTAL PROD OPER EXP - BURD STEAM 75,258.92 94,138.74 658,660.34 704,745.07 1,053,216.17 PROD MAINT EXP - BURDICK STEAM 51010 Maint Supv & Eng - Burdick Steam 6,064.01 5,336.01 42,033.57 43,120.85 61,410.52 51110 Maint Of Structures - Burdick Steam 2,759.25 420.25 17,125.69 17,263.52 22,624.92 51210 Maint Of Boiler Equip - Burdick Steam 35,204.69 4,213.60 109,778.07 70,233.75 142,127.85 51310 Maint Of Gener Equip - Burdick Steam 53,629.80 4,549.28 171,308.62 39,326.03 190,031.93 TOTAL PROD MAINT EXP - BURD STM 97,657.75 14,519.14 340,245.95 169,944.15 416,195.22 PROD OPER EXP - BURDICK GAS 54630 Oper Super & Eng - Burdick Gas 4,578.30 6,855.48 61,690.39 52,934.66 95,983.43 54730 Generation Fuel Exp - Burdick Gas 3,921.75 1,500.00 31,061.81 38,752.44 63,095.10 54830 Generation Prod Exp - Burdick Gas 34,010.82 36,113.21 262,448.22 283,981.49 396,220.45 54930 Oper Supp & Exp - Burdick Gas 4,316.26 4,285.78 44,383.10 37,795.42 61,180.27 TOTAL PROD OPER EXP - BURD GAS 46,827.13 48,754.47 399,583.52 413,464.01 616,479.25 2016MayElecPL.xls Page 3 of 8

PROD MAINT EXP - BURDICK GAS 55130 Maint Supv & Eng - Burdick Gas 0.00 0.00 0.00 0.00 0.00 55230 Maint Of Structures - Burdick Gas 64.43 0.00 364.99 5,112.16 454.26 55330 Maint Of Gener Equip - Burdick Gas 31,095.51 8,214.89 200,613.24 151,866.30 338,356.11 TOTAL PROD MAINT EXP - BURD GAS 31,159.94 8,214.89 200,978.23 156,978.46 338,810.37 PROD OPER EXP - PGS 50020 Oper Super & Eng - PGS 39,546.60 35,207.36 293,062.09 272,236.67 424,966.52 50120 Generation Fuel Exp - PGS 357,225.82 875,214.62 4,991,778.31 6,323,115.24 8,269,063.15 50220 Station Labor - PGS 96,699.69 92,150.20 1,023,373.78 972,938.15 1,527,424.07 50520 Generation Prod Exp - PGS 93,667.90 146,684.52 982,443.78 893,778.43 1,592,458.14 50521 Generation Prod Exp - PGS Lime 12,976.90 0.00 92,112.42 0.00 92,112.42 50522 Generation Prod Exp - PGS PAC 13,664.47 0.00 30,263.18 0.00 30,263.18 50620 Oper Supp & Exp - PGS 31,408.80 39,661.33 377,716.72 320,358.85 546,278.93 TOTAL PROD OPER EXP - PGS 645,190.18 1,188,918.03 7,790,750.28 8,782,427.34 12,482,566.41 PROD MAINT EXP - PGS 51020 Maint Supv & Eng - PGS 23,547.35 18,028.16 154,316.28 146,740.13 228,165.23 51120 Maint Of Structures - PGS 95,068.38 76,249.21 638,605.35 630,025.99 950,366.84 51220 Maint Of Boiler Equip - PGS 352,106.03 397,184.06 1,912,840.85 1,782,218.59 3,016,412.75 51320 Maint Of Gener Equip - PGS 28,996.42 193,246.11 202,936.12 685,813.45 316,495.97 TOTAL PROD MAINT EXP - PGS 499,718.18 684,707.54 2,908,698.60 3,244,798.16 4,511,440.79 2016MayElecPL.xls Page 4 of 8

MISCELLANEOUS / OTHER PROD EXP 55500 Purchased Power - NPPD 0.00 0.00 0.00 0.00 0.00 55510 Purchased Power - WAPA 88,475.02 88,474.82 638,166.36 636,559.00 1,115,301.46 55520 Purchased Power - OPPD 730,508.79 787,018.78 5,978,198.16 4,930,725.90 9,143,803.82 55530 Purchased Power - PPGA 328,994.49 472,277.61 2,945,942.86 3,254,858.27 4,578,315.12 55540 Purchased Power - WIND / NPPD 94,268.32 (1,753.58) 356,939.05 240,359.65 495,860.48 55541 Purchased Power - WIND / Invenergy 445,612.87 0.00 838,083.86 0.00 838,083.86 55560 Purchased Power - TENASKA 112,290.51 0.00 526,471.79 814,947.29 526,471.79 55570 Purchased Power - SOLAR 0.00 0.00 0.00 0.00 0.00 TOTAL MISC / OTHER PROD EXP 1,800,150.00 1,346,017.63 11,283,802.08 9,877,450.11 16,697,836.53 TRANSMISSION OPERATION EXPENSE 56000 Operation Supv & Eng - Trans 37,656.09 47,233.64 341,074.32 444,504.00 526,674.87 56100 Load Dispatching Exp - Trans 563,481.02 71,314.18 2,130,009.24 1,758,249.51 3,321,418.65 56700 Rents - Trans 0.00 0.00 0.00 0.00 0.00 57500 Market Expense - Trans 17,668.30 13,417.03 115,363.41 109,607.55 169,407.40 TOTAL TRANSMISSION OPER EXPENSE 618,805.41 131,964.85 2,586,446.97 2,312,361.06 4,017,500.92 TRANSMISSION MAINT EXPENSE 57000 Maint of Substation - Trans 4,108.73 0.00 36,915.92 8,786.98 41,440.85 2016MayElecPL.xls Page 5 of 8

DISTRIBUTION OPERATIONS 58000 Operation Supv & Eng - Distr 8,847.54 0.00 57,698.80 90,053.01 68,627.96 58100 Load Dispatching Exp - Distr 47,988.84 40,640.86 368,619.12 299,854.61 546,366.84 58200 Overhead Of Substation - Distr (12.46) 76.58 105.63 2,181.86 370.95 58300 Overhead Line Oper - Distr 0.00 6,196.53 6,335.55 86,378.16 6,335.55 58600 Meter Operating Expense - Distr 8,518.30 6,419.44 55,204.14 57,590.69 44,444.08 58700 Maint Of Service On Customer Property 18,804.66 7,063.78 148,396.40 121,559.96 235,164.23 58800 Office Supply & Expense - Distr 132,505.40 92,005.72 808,318.76 588,799.54 1,205,557.94 TOTAL DISTRIBUTION OPERATIONS 216,652.28 152,402.91 1,444,678.40 1,246,417.83 2,106,867.55 DISTRIBUTION MAINTENANCE 59200 Maint Of Station Eq - Distr 80,190.53 49,280.80 538,007.40 549,301.40 778,654.90 59300 Maint Of Line - Distr 75,267.63 78,961.47 522,423.12 408,115.21 716,787.93 59400 Maint Of Underground Lines - Distr 70,960.63 36,017.70 418,551.63 329,454.32 620,041.19 59500 Maint Of Line Trans - Distr 3,658.92 2,454.28 20,547.00 18,744.17 43,910.50 59700 Maint Of Meters - Distr 0.00 0.00 0.00 0.00 0.00 59800 Maint Of Misc Plant - Distr 35,885.45 21,364.97 274,667.16 417,190.68 364,981.60 TOTAL DISTRIBUTION MAINTENANCE 265,963.16 188,079.22 1,774,196.31 1,722,805.78 2,524,376.12 CUSTOMER ACCOUNTING & COLLECTION 90200 Meter Reading Expense 18,753.44 1,466.72 135,713.68 152,606.25 248,000.65 90300 Records & Collection Exp 64,448.65 7,407.84 473,532.63 360,753.27 746,089.40 90301 Records & Collect - Data Proc 31,481.85 56,929.18 279,665.18 288,352.60 405,215.98 90310 Cash Over & Short 0.00 0.00 0.00 0.00 0.00 90400 Uncollectable Accounts 4,079.70 0.00 53,347.71 35,151.01 73,864.52 TOTAL ACCOUNTING & COLLECTION 118,763.64 65,803.74 942,259.20 836,863.13 1,473,170.55 2016MayElecPL.xls Page 6 of 8

ADMIN & GENERAL EXPENSES 92000 Admin & General Salary Expense 32,137.44 31,432.26 258,024.28 225,419.18 393,553.48 92100 Office Supply & Exp - General 4,994.46 1,817.12 30,319.85 11,538.75 38,277.56 92300 Outside Services Employed 80,952.26 87,169.35 604,187.04 616,434.96 1,139,629.60 92400 Insurance Expense 35,318.95 34,545.43 282,551.60 267,722.60 420,733.26 92500 Injuries & Damages Expense 9,006.10 9,111.18 101,659.76 117,083.50 161,685.15 92600 Employee Fringe Benefits Expense 62,416.25 31,835.46 793,867.17 794,236.51 1,319,196.09 93000 Miscellaneous General Expense 8,222.50 978.12 96,969.40 64,097.37 128,247.63 93101 Elec Utility Offices Rent 614.17 614.17 4,913.36 4,913.36 7,370.04 93200 Maint of General Plant 0.00 64.51 8,201.46 2,294.53 10,825.87 TOTAL ADMIN & GENERAL EXPENSES 233,662.13 197,567.60 2,180,693.92 2,103,740.76 3,619,518.68 DEPRECIATION 40310 Depreciation Exp - Steam Plant 515,416.22 512,683.77 4,118,796.19 4,068,741.18 6,171,491.11 40340 Depreciation Exp - Trans Plant 60,957.93 43,601.80 487,663.44 348,814.40 714,139.03 40350 Depreciation Exp - Distr Plant 265,174.55 254,276.90 2,096,997.52 2,005,180.33 3,128,900.34 40360 Depreciation Exp - General Plant 73,714.28 65,851.45 572,344.09 525,541.62 839,224.20 TOTAL DEPRECIATION 915,262.98 876,413.92 7,275,801.24 6,948,277.53 10,853,754.68 TOTAL INCOME 4,664,352.63 4,226,618.63 39,178,247.40 39,409,099.80 65,471,926.76 TOTAL EXPENSES 5,767,220.84 5,202,267.64 41,165,405.82 40,454,464.98 63,499,978.37 NET EARNINGS (1,102,868.21) (975,649.01) (1,987,158.42) (1,045,365.18) 1,971,948.39 2016MayElecPL.xls Page 7 of 8

DEBT SERVICE CALCULATION Total Income per P & L 4,664,352.63 4,226,618.63 39,178,247.40 39,409,099.80 65,471,926.76 Less Total Expenses per P & L (5,767,220.84) (5,202,267.64) (41,165,405.82) (40,454,464.98) (63,499,978.37) 40800 Add In Lieu Of Tax 29,486.22 31,210.08 304,556.94 336,485.57 687,009.64 Add Interest On Long-Term Debt 157,291.67 160,996.87 1,336,979.18 1,368,473.42 1,638,893.78 42800 Add Amortization of Debt Expense 0.00 0.00 0.00 0.00 0.00 42900 Less Amortization of Debt Premium (37,588.21) (38,588.02) (300,705.68) (308,704.16) (399,006.85) 42120 Loss (Gain) Sale of Invest 0.00 0.00 0.00 0.00 228,194.00 42110 Loss (Gain) On Disposition - Property 0.00 0.00 (29,791.50) (1,700.00) (31,576.50) Add Transfers Out 0.00 0.00 0.00 0.00 0.00 42760 Add Interest On Deferred Loss 0.00 0.00 0.00 0.00 0.00 40600 Add Amortized Plant Adjustment 0.00 0.00 0.00 0.00 0.00 Add Depreciation 915,262.98 876,413.92 7,275,801.24 6,948,277.53 10,853,754.68 Available For Debt Service (38,415.55) 54,383.84 6,599,681.76 7,297,467.18 14,949,217.14 Debt Service 400,208.33 400,163.54 3,201,666.64 3,201,308.32 4,802,410.39 Debt Coverage (Minimum 1.30) (0.0960) 0.1359 2.0613 2.2795 3.1129 2016MayElecPL.xls Page 8 of 8