2024-09-13T16:18:31-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & GEN. MGR 9197322123 2024-09-10 true false JACOB R MORRIS P01653123 4787466277 2024-09-13 2023 2024-08-08 14:25:15Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 76864667 false X WWW.PEMC.COOP X 1938 NC TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT. 9 9 106 0 0 67506959 76801662 67805 67819 -26219 -44317 67548545 76825164 0 3459518 5001914 14904380 14808435 0 0 49184647 57014815 67548545 76825164 0 231845259 237741149 160902247 162492769 70943012 75248380 TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT. false false N/A false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 87 0 true 106 true false false false false false 75677124 541132 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X LISA KENNEDY-VP OF FINANCIAL SERVIC 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 JAMES RANDY KINLEY CHAIRMAN 5.06 X X 30526 0 0 STEVEN BAILEY VICE-CHAIRMA 5.45 X X 33548 0 0 DAVID POYTHRESS SECRETARY 4.57 X X 28128 0 0 RICHAL VANHOOK TREASURER 6.00 X X 33107 0 0 BILL BARBER DIRECTOR 3.63 X 28953 0 0 STEPHEN LONG DIRECTOR 8.20 X 27493 0 0 CYRUS VERNON DIRECTOR 4.43 X 28850 0 0 ELIZABETH TOWNSEND DIRECTOR 2.38 X 14569 0 0 V KAY SCURLOCK-FERGUSON DIRECTOR 8.46 X 36609 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 288561 0 106374 SUSAN CASHION VP COMPL. & 50.00 X 244640 0 80478 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 238093 0 84064 LISA KENNEDY VP FINANCIAL 50.00 X 231300 0 73445 ROBERT RILEY VP OF OPERAT 50.00 X 240666 0 55119 BRANDON REED MGR OF MBR S 50.00 X 168733 0 59605 1673776 459085 38 false true false LANDIS GYR TECHNOLOGIES PO BOX 78000 DETROIT MI 48278 METER INSTALLAT 770603 ALLEGIANT UTILITY 7756 COLLEGE RD SUITE 150 BAXTER MN 56425 CONTRACTOR 293900 ELECTRICOM PO BOX 319 PAOLI IN 47454 FIBER INSTALLAT 284903 WELLSMONT LANDSCAPING 1005 DIMMOCKS MILL RD HILLSBOROUGH NC 27278 LANDSCAPING 137257 ROBERT HALF 12400 COLLECTIONS CENTER DR CHICAGO IL 60693 TEMP LABOR 117555 5 PROGRAM SERVICE REVENUE 221000 75677124 75677124 CAPITAL CREDITS 221000 569329 569329 POLE RENTAL REVENUE 221000 555209 555209 76801662 67819 67819 50629 39503 11126 11126 11126 SALE OF ASSETS -14096 -14096 SUBSIDIARY INCOME 221000 -15440 -15440 NPBC MARGINS -25907 -25907 -55443 76825164 76206450 618714 5001914 5001914 656718 656718 9621615 9621615 1444011 1444011 2382950 2382950 703141 703141 3719923 3719923 8633858 8633858 PURCHASED POWER 40442596 40442596 DISTRIBUTION MAINTENANCE 4268900 4268900 CONSUMER ACCOUNTS 2985370 2985370 DISTRIBUTION OPERATIONS 1975415 1975415 -5011247 -5011247 76825164 76825164 0 0 7491295 3459434 8646787 8610767 5050045 4947675 3965947 4596950 1155761 609853 304497566 98605970 195720652 205891596 6896981 6386640 2917791 3238234 231845259 237741149 20441744 11731622 135818923 146401977 4641580 4359170 160902247 162492769 X 3004367 3302201 67938645 71946179 70943012 75248380 231845259 237741149 X 0 4305368 X false true X true false 3751563 3751563 11601961 5108887 6493074 289144042 93497083 195646959 205891596 ACCUM PROV FOR POST RETIRE BENEFITS 2213099 UNCLAIMED CAPITAL CREDITS 752964 ACCUM PROV FOR VESTED LEAVE 500000 CONSUMER DEPOSITS 472379 RECOVERY OF RENEWABLE ENERGY CRE... 285949 DEFERRED CREDITS 134779 4359170 76825164 76825164 76825164 71823250 71823250 5001914 5001914 76825164 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 5,001,914 X X X false false false STEVE HAMLIN PRESIDENT & GEN. MGR 279046 244 9271 82034 24340 394935 SUSAN CASHION VP COMPL. & ADMI OFF 225608 9185 9847 64598 15880 325118 LAWRENCE HOPKINS MGR - ENGINEERING 220547 10379 7167 60880 23184 322157 LISA KENNEDY VP FINANCIAL SERVICE 210342 10504 10454 57711 15734 304745 ROBERT RILEY VP OF OPERATIONS 220991 10541 9134 39819 15300 295785 BRANDON REED MGR OF MBR SERV & PR 162530 5933 270 45067 14538 228338 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE ENTIRE BOARD OF DIRECTORS REVIEWS THE SALARY RANGE FOR THE CEO POSITION ANNUALLY USING INFORMATION FROM THE NRECA'S NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC DISTRIBUTION SYSTEMS PRIMARILY. THE ENTIRE BOARD RATES CEO PERFORMANCE ANNUALLY USING ESTABLISHED PERFORMANCE CRITERIA. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD REVIEWS AND APPROVES RANGES FOR OTHER KEY MANAGEMENT POSITIONS BY USING PAY STUDY INFORMATION PROVIDED BY OUTSIDE CONSULTANTS. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS AND AUDITED FINANCIALS STATEMENTS AVAILABLE THROUGH ITS WEBSITE. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 DONATED CAPITAL 296,484 MEMBERSHIP FEES 1,350 PATRONAGE CAPITAL CREDITS 5,001,914 OTHER COMPREHENSIVE INCOME 298,187 CAPITAL CREDIT RETIREMENTS -1,292,567 TOTAL 4,305,368 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 ENERGY SRV NC C CORP C CORP 353818 true false false false false false false false false false false false false false false false true true false false PIEDMONT SERVICES HOLDING INC Q 17655 COST PIEDMONT SERVICES HOLDING INC P 185480 COST