2022-08-08T16:41:38-05:00 2021-09-30 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2020-10-01 931192140 PACIFIC NORTHWEST GENERATING COOPERATIVE DBA PNGC POWER PACI 5032881234 8440 SE SUNNYBROOK BOULEVARD NO CLACKAMAS OR 97015 ROGER GRAY PRESIDENT & CEO 5032881234 2022-07-29 1 ROGER GRAY 999009999 KATHY A GORDON CPA P00016213 5035857774 2022-07-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROGER GRAY 8440 SE SUNNYBROOK BOULEVARD NO 200 CLACKAMAS OR 97015 169275355 0 X WWW.PNGCPOWER.COM X 1995 OR THE COOPERATIVE IS RESPONSIBLE FOR MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS. 14 14 19 0 0 0 0 0 283379440 164167320 474861 563225 44607 0 283898908 164730545 0 0 0 0 3375055 3405665 0 0 0 278281145 159938616 281656200 163344281 2242708 1386264 71481791 52953667 40755077 28167046 30726714 24786621 X THE MISSION OF PNGC POWER IS TO MAXIMIZE THE COMPETITIVE POSITION OF ITS MEMBER-OWNERS BY MEETING THEIR COLLECTIVE POWER SUPPLY AND MANAGEMENT NEEDS. PNGC POWER IS A COOPERATIVELY OWNED BUSINESS PROVIDING ECONOMIC AND STRATEGIC VALUE THROUGH INNOVATION, TECHNICAL AND POLICY LEADERSHIP, AND MAINTENANCE OF THE HIGHEST PROFESSIONAL STANDARDS. 0 0 MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 19 1 0 0 0 0 0 160391086 5281542 0 0 0 X 14 14 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X JON R WISSLER 5032881234 8440 SE SUNNYBROOK BLVD 200 CLACKAMAS OR 97015 DAVE HAGEN DIRECTOR 7.00 X 0 0 0 ROMAN GILLEN DIRECTOR 6.00 X 0 0 0 GREG GARDNER DIRECTOR 6.00 X 0 0 0 BRYAN CASE SECRETARY/TREASURER 8.00 X X 0 0 0 KEITH BROOKS DIRECTOR 6.00 X 0 0 0 FOSTER HILDRETH DIRECTOR 6.00 X 0 0 0 BRENT BISCHOFF DIRECTOR 6.00 X 0 0 0 DAVE MARKHAM CHAIRMAN 6.00 X X 0 0 0 DEBI WILSON DIRECTOR 3.00 X 0 0 0 CHAD BLACK DIRECTOR 3.00 X 0 0 0 ANNIE TERRACCIANO VICE-CHAIRMAN 8.00 X X 0 0 0 TELLY STANGER DIRECTOR 4.00 X 0 0 0 MARK GROTBO DIRECTOR 6.00 X 0 0 0 GREG MENDONCA DIRECTOR 4.00 X 0 0 0 BILLI KOHLER DIRECTOR 8.00 X 0 0 0 ROGER GRAY PRESIDENT & CEO 40.00 X 428853 0 90944 JON R WISSLER VP & CFO 40.00 X 196495 0 62936 CHRISTOPHER HILL GENERAL COUNSEL 40.00 X 218779 0 86015 GREGORY MENDONCA VP POWER SUPPLY 40.00 X 156359 0 73022 TERESA J SKREEN VP ADMINISTRATION 40.00 X 155205 0 63696 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 40.00 X 145812 0 70946 STEVEN L KING GENERATION RESOURCES MGR 40.00 X 148019 0 62460 JEFFREY KUGEL RESOURCE ANALYST 40.00 X 115600 0 55332 1565122 0 565351 8 0 1 0 DAVIS WRIGHT TREMAINE LLP 1300 SW FIFTH AVE SUITE 2400 PORTLAND OR 972015610 LEGAL CONSULTATION 153194 EVERSHEDS SUTHERLAND 12255 EL CAMINO REAL SAN DIEGO CA 921302071 LEGAL CONSULTATION 118417 2 POWER SALES 221000 164167320 164167320 164167320 327928 327928 1235107 3545000 999810 3545000 235297 0 235297 235297 164730545 164167320 0 563225 1749063 883798 341760 241341 189703 246033 43800 18000 153751 168145 308635 174200 42171 644913 218660 PURCHASED POWER 135971926 TRANSMISSION EXPENSE 20141185 OPG EXPENSES 1265241 ASSOCIATION DUES 541861 95 163344281 468004 133551 25949800 8253688 23996444 12107388 16814 35831 266567 282897 11496199 3816626 10122150 7679573 9848574 23695427 90940 93624 10000 10000 712498 661688 71481791 52953667 26978947 14928028 1015625 703125 12760505 12535893 40755077 28167046 X 8435258 166818 0 0 22291456 24619803 30726714 24786621 71481791 52953667 X 1386264 942083 -8268440 X 0 1 X 1 0 11496199 3816626 7679573 7679573 MARKETABLE SECURITIES 23695427 F 23695427 DEFERRED CREDITS 12535893 12535893 X 165672628 942083 942083 164730545 0 164730545 163344281 0 163344281 0 163344281 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS IN 2021 OR 2020. THE COOPERATIVE FILES FEDERAL, STATE AND LOCAL INFORMATIONAL AND INCOME TAX RETURNS. X X X X 0 0 0 ROGER GRAY PRESIDENT & CEO 402853 0 0 0 26000 0 72418 0 18526 0 519797 0 0 0 CHRISTOPHER HILL GENERAL COUNSEL 189212 0 3875 0 25692 0 59053 0 26962 0 304794 0 0 0 JON R WISSLER VP & CFO 156805 0 4000 0 35690 0 51948 0 10988 0 259431 0 0 0 GREGORY MENDONCA VP POWER SUPPLY 136528 0 2000 0 17831 0 44815 0 28207 0 229381 0 0 0 TERESA J SKREEN VP ADMINISTRATION 125757 0 750 0 28698 0 41459 0 22237 0 218901 0 0 0 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 125562 0 750 0 19500 0 42580 0 28366 0 216758 0 0 0 STEVEN L KING GENERATION RESOURCES MGR 135228 0 2300 0 10491 0 35745 0 26715 0 210479 0 0 0 JEFFREY KUGEL RESOURCE ANALYST 113600 0 2000 0 0 0 27513 0 27819 0 170932 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A UTILITY COOPERATIVE SERVING ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS BY A MAJORITY VOTE OF THE NUMBER OF MEMBERS PRESENT, ENTITLED TO VOTE, AND VOTING AT A MEETING IN WHICH A QUORUM IS PRESENT. THE TERMS OF THE DIRECTORS ARE STAGGERED. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO OR SUBJECT TO APPROVAL BY A MAJORITY VOTE OF THE NUMBER OF MEMBERS PRESENT, ENTITLED TO VOTE, AND VOTING AT A MEETING AT WHICH A QUORUM IS PRESENT: 1. ELECTION OF THE BOARD OF DIRECTORS 2. REINSTATEMENT OF AN EXPELLED MEMBER UNDER CETTAIN CONDITIONS; AND 3. DISPOSITION OF ALL OR SUBSTANTIALLY ALL PNGC PROPERTY, WITH CERTAIN EXCEPTIONS RELATED TO THE PLEDGING OR ENCUMBERING OR PROPERTY OR ASSETS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES CAN ONLY RECOMMEND ACTIONS TO THE FULL BOARD. THEY CANNOT ACT ON BEHALF OF THE GOVERNING BODY WITHOUT BOARD AFFIRMATION. FORM 990, PART VI, SECTION B, LINE 11B A FINAL DRAFT OF THE FORM 990 IS SENT TO THE BOARD ELECTRONICALLY FOR THEIR REVIEW AND COMMENT PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLIANCE POLICY IS REVIEWED ON AN ANNUAL BASIS AND DISCUSSED WITH DIRECTORS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 NATIONAL SURVEYS ARE USED TO ASSESS THE PAY SCALES FOR EXECUTIVE POSITIONS ANNUALLY AND ALL DECISIONS GO BEFORE THE BOARD FOR APPROVAL. EVERY 3-5 YEARS A CONSULTING FIRM, SUCH AS MILLIMAN, IS HIRED TO DO A COMPENSATION SURVEY. INDIVIDUAL SALARY ACTIONS ARE BASED ON PERFORMANCE WITHIN THE RANGE ESTABLISHED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMETNS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NET REDEMPTION OF CTCS DUE TO MEMBER EXIT -8,268,440.