Financial

Both now and in the future, Basin Electric is committed to maintaining its creditworthiness and the trust of our membership and all financial stakeholders. Dakota Gasification Company is a Basin Electric subsidiary.

Basin Electric Credit Ratings

Senior Secured

Commercial Paper

Outlook

Standard & Poor's

A

A1

Stable

Moody's

A1

P-1

Negative

Fitch

A+

F1

Stable

2015 Quarterly Reports

We are pleased to offer the Basin Electric 2015 quarterly financial reports as they become available.

2014 Annual Report
A natural hedge

Basin Electric is the parent company of Dakota Gasification Company, which produces pipeline quality synthetic natural gas.

This relationship buffers Basin Electric against huge price swings. That's because Basin Electric - with Dakota Gas - has a natural hedge: its peak electricity is generated from gas. As the price of gas goes up, its more costly for Basin Electric to make electricity, but Basin Electric gets a higher revenue stream from Dakota Gas because Dakota Gas produces gas.

If the economy causes a reduction in natural gas prices, Basin Electric can make electricity at a lower cost. One hedge against the other - an advantage that only Dakota Gas brings. A typical electric company does not have this hedge.