Quarterly Financial Statement

Associated Electric Cooperative Inc. presents the attached interim financial statements,
which include balance sheets, statements of revenues and expenses and statements of cash flows, and the
management's discussion to identify significant aspects in the current quarter and year-to-date performance
of Associated. Interim quarterly financial statements are unaudited and should be read in conjunction with
the Notes to the Financial Statements included in the 2008 Annual Report.

First Quarter Financial Statement View or download (67 KB PDF)

Second Quarter Financial Statement View or download (34 KB PDF)

Third Quarter Financial Statement View or download (35 KB PDF)