2023-10-24T09:56:46-07:00 2023-06-30 621333963 Parsons & Wright CPAs 1000 Brentwood Way Kingston TN 37763 990 2022-07-01 620326835 PLATEAU ELECTRIC COOPERATIVE PLAT 4235698591 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 37841 RYAN KEETON CFO 2023-10-24 true RYAN KEETON 999009999 true JOE SAVAGE P00028990 8653765865 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 378414669 47912881 false X WWW.PLATEAUELECTRIC.COM X 1939 TN PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. 9 9 58 0 0 43257720 47738089 40664 174792 5517 0 43303901 47912881 0 0 4574537 4918760 0 0 35596774 42359943 40171311 47278703 3132590 634178 68557070 69254966 21563625 21626755 46993445 47628211 PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. false false PLATEAU ELECTRIC COOPERATIVE WAS FORMED IN 1939 AS A MEMBER-OWNED COOPERATIVE. PEC SERVES APPROX. 1,830 LINE MILES AND IS HEADQUARTERED IN ONEIDA, TN, WITH A DISTRICT OFFICE IN WARTBURG, TN. PEC EXISTS TODAY TO PROVIDE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. THE COOPERATIVE PURCHASES POWER FROM THE TENNESSEE VALLEY AUTHORITY AT WHOLESALE AND SUPPLIES APPROX. 17,700 MEMBERS. false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 47 0 true 58 true false false false false false 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 TN X RYAN KEETON 4235698591 16200 SCOTT HIGHWAY ONEIDA TN 378414669 DAVE CROSS CEO 50.00 0.00 183452 0 81454 JOEL MCCARTT DIRECTOR OF ENGINEERING 50.00 0.00 145362 0 61760 KEITH CRABTREE DIRECTOR OF OPERATIONS 50.00 0.00 120316 0 46817 RYAN KEETON CFO 50.00 0.00 111868 0 41871 RICHARD SEXTON LINE FOREMAN 50.00 0.00 142337 0 0 ALFRED BRANIM MORGAN COUNTY MANAGER 50.00 0.00 108268 0 33095 ANTHONY OVERTON GROUNDMAN 50.00 0.00 126366 0 0 TREVOR HURTT LINE FOREMAN 50.00 0.00 120381 0 0 HUNTER HENRY JOURNEYMAN LINEMAN 50.00 0.00 119873 0 0 JAKE LOWE JOURNEYMAN LINEMAN 50.00 0.00 118665 0 0 LEE ARMSTRONG Director 12.30 0.00 X 27650 0 0 VIC DAVIS Director 14.50 0.00 X 23100 0 0 STEVE LAMBERT Treasurer 10.30 0.00 X X 20650 0 0 HARRY GOSNELL Director 10.40 0.00 X 20300 0 0 TIM FREELS President 11.30 0.00 X X 19600 0 0 BILL HALL Vice President 10.10 0.00 X X 18200 0 0 JIM LITTON Director 8.40 0.00 X 16800 0 0 MARK KLINE Secretary 7.20 0.00 X X 16100 0 0 PHILLIP JONES Director 11.30 0.00 X 10850 0 0 CRAIG CHAMBERS Director 10.40 0.00 X 0 0 0 1470138 264997 10 false true false GALLOWAY CONSTRUCTION LLC DBA DARKHORSE PO BOX 72 SUNBRIGHT TN 37872 CONSTRUCTION WORK 859750 STUART C IRBY CO PO BOX 741001 ATLANTA GA 30384 CONSTRUCTION 792260 GRESCO 1135 RUMBLE RD FORSYTH GA 31029 CONSTRUCTION 469080 ALTEC INDUSTRIES 150 ALTEC DR BURNSVILLE NC 28714 SUPPLIES 656016 SIEMENS INDUSTRY INC 300 NEW JERSEY AVE WASHINGTON DC 20001 SUPPLIES 326879 5 0 DISTRIB OF ELECTRICITY 221000 46042380 46042380 POLE RENTAL 221000 1329781 1329781 SERVICE CHARGES AND FEES 221000 365928 365928 47738089 174792 174792 0 0 0 0 0 0 0 0 47912881 47912881 0 0 0 0 934264 0 2103755 523215 1107991 249535 0 17530 17875 0 0 0 0 25998 118974 0 0 75886 0 0 292415 279635 0 2963722 146330 POWER PURCHASED 35072625 EQUIPMENT RENTAL & MAINTENANCE 1485176 STATION EXPENSE 394609 OVERHEAD LINE EXPENSE 282175 1186993 47278703 0 0 0 1830227 603281 4962265 5317015 0 6967068 4877772 0 0 677271 735683 1562199 1915605 294907 329998 96260664 41661902 51479341 54598762 0 0 0 0 783792 876850 68557070 69254966 8195102 7071220 7088924 7920944 6279599 6634591 21563625 21626755 X 46993445 47628211 46993445 47628211 68557070 69254966 X 634178 588 X false true X true false 1033720 1033720 95226944 41661902 53565042 54598762 ACCRUED POSTRETIREMENT BENEFITS 824572 CUSTOMER DEPOSITS 3964488 DEFERRED CREDITS 1110202 TVA LOAN PROGRAM ADVANCES 735329 6634591 X Part X : FIN48 Footnote THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE COOPERATIVE HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE COOPERATIVE'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2021, THE YEARS THAT REMAIN SUBJUECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2021. X false false false DAVE CROSS CEO 183452 81454 264906 JOEL MCCARTT DIRECTOR OF ENGINEERING 145362 61760 207122 KEITH CRABTREE DIRECTOR OF OPERATIONS 120316 46817 167133 RYAN KEETON CFO 111868 41871 153739 Form 990, Part VI, Section A, Line 6 PEC IS MEMBER OWNED BY THE CUSTOMERS IT SERVES IN SCOTT AND MORGAN COUNTIES IN TENNESSEE. Form 990, Part VI, Section A, Line 7a EACH INDIVIDUAL ON THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS FOR A THREE-YEAR TERM, WITH THREE DIRECTORS UP FOR RE-ELECTION EVERY YEAR. THE MEMBERS ELECT THE DIRECTORS AT AN ANNUAL MEMBER MEETING, WHERE EACH MEMBER GETS ONE VOTE. Form 990, Part VI, Section A, Line 7b MEMBERS ANNUALLY ELECT DIRECTORS TO FILL EXPIRING TERMS OF A PORTION OF THE COOPERATIVE'S BOARD OF DIRECTORS. THE ELECTION RESULTS ARE RATIFIED BY THE COOPERATIVE'S MEMBERSHIP AT AN ANNUAL MEETING. MEMBERS MUST ALSO VOTE TO APPROVE THE DISSOLUTION, MERGER OR CONSOLIDATION, OR SALE OF A SIGNIFICANT PORTION OF THE ASSETS OF THE COOPERATIVE. Form 990, Part VI, Section B, Line 11b A FINAL COPY OF THE FORM 990 IS GIVEN TO THE COOPERATIVE FOR REVIEW BEFORE THE FORM IS FILED. Form 990, Part VI, Section B, Line 12c THE MONITORING AND ENFORCEMENT OF CONFLICTS ARE HANDLED BY THE BOARD AND DISCUSSED DURING THE BOARD MEETINGS IF ANY CONFLICTS OF INTEREST ARISE. Form 990, Part VI, Section B, Line 15a THE BOARD REVIEWS COMPARATIVE ORGANIZATION'S SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Section B, Line 15b THE BOARD REVIEWS COMPARATIVE ORGANIZATIONS SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Section C, Line 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 CHANGE IN MEMBERSHIPS = $588