2022-11-10T06:48:51-08:00 2022-06-30 621333963 Parsons & Wright CPAs 1000 Brentwood Way Kingston TN 37763 990 2021-07-01 620326835 PLATEAU ELECTRIC COOPERATIVE PLAT 4235698591 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 37841 DAVE CROSS CEO 2022-11-10 true DAVE CROSS 999009999 JOE SAVAGE P00028990 8653765865 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 378414669 43303901 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 53 0 0 35913140 43257720 57760 40664 613855 5517 36584755 43303901 0 0 4505262 4574537 0 0 29665829 35596774 34171091 40171311 2413664 3132590 62433557 68557070 18573388 21563625 43860169 46993445 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. 1767 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. 17,400 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 42 0 true 53 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 163599 0 75503 JOEL MCCARTT DIRECTOR OF ENGINEERING 50.00 0.00 133996 0 58253 RICHARD SEXTON LINE FOREMAN 50.00 0.00 122607 0 53513 SHANE PHILLIPS LINE FOREMAN 50.00 0.00 116239 0 53513 JAKE LOWE JOURNEYMAN LINEMAN 50.00 0.00 107694 0 52035 JACK GUNTER LINE FOREMAN 50.00 0.00 106806 0 44930 ANTHONY OVERTON GROUNDMAN 50.00 0.00 104269 0 47330 KEITH CRABTREE DIRECTOR OF OPERATIONS 50.00 0.00 109830 0 39857 RYAN KEETON CFO 50.00 0.00 100733 0 40164 ALFRED BRANIM MORGAN COUNTY MANAGER 50.00 0.00 97744 0 31859 VIC DAVIS Director 13.60 0.00 X 19600 0 0 BILL HALL Vice President 11.70 0.00 X X 18900 0 0 TIM FREELS President 12.00 0.00 X X 17850 0 0 HARRY GOSNELL Director 14.00 0.00 X 17850 0 0 JIM LITTON Director 10.70 0.00 X 16450 0 0 LEE ARMSTRONG Director 15.30 0.00 X 16450 0 0 STEVE LAMBERT Treasurer 9.80 0.00 X X 15400 0 0 BRIAN BOYATT Director 6.70 0.00 X 15050 0 0 MARK KLINE Secretary 14.50 0.00 X X 14700 0 0 PHILLIP JONES Director 2.70 0.00 X 0 0 0 1315767 496957 9 false true false GALLOWAY CONSTRUCTION LLC PO BOX 72 SUNBRIGHT TN 37872 CONSTRUCTION WORK 723933 STUART C IRBY CO PO BOX 741001 ATLANTA GA 30384 CONSTRUCTION 617295 GRESCO 1135 RUMBLE RD FORSYTH GA 31029 CONSTRUCTION 458142 VIRGINIA TRANSFORMER CORP 220 GLAD VIEW DRIVE ROANOKE VA 24012 CONSTRUCTION 375006 WESCO RECEIVABLES CORP 225 WEST STATION SQUARE DRIVE PITTSBURGH PA 15219 SUPPLIES 355010 5 0 DISTRIB OF ELECTRICITY 221000 41639966 41639966 POLE RENTAL 221000 1277730 1277730 SERVICE CHARGES AND FEES 221000 340024 340024 43257720 40664 40664 0 0 0 0 0 0 0 GAIN ON SALE OF PROPERTY 900099 5517 5517 5517 43303901 43303901 0 0 0 0 851538 0 1939974 500354 1052171 230500 0 36331 19550 0 0 0 0 20138 146955 0 0 73617 0 0 238750 255209 0 2853114 126244 POWER PURCHASED 28914510 EQUIPMENT RENTAL & MAINTENANCE 987763 STATION EXPENSE 456802 OVERHEAD LINE EXPENSE 308717 1159074 40171311 0 0 0 823286 1830227 4578066 4962265 0 3864292 6967068 0 0 659066 677271 986349 1562199 240261 294907 90799105 39319764 50462471 51479341 0 0 0 0 819766 783792 62433557 68557070 5882992 8195102 8018741 7088924 4671655 6279599 18573388 21563625 X 43860169 46993445 43860169 46993445 62433557 68557070 X 3132590 686 X false true X true false 1037453 1037453 89761652 39319764 50441888 51479341 ACCRUED POSTRETIREMENT BENEFITS 773152 CUSTOMER DEPOSITS 3782074 DEFERRED CREDITS 1045892 TVA LOAN PROGRAM ADVANCES 678481 6279599 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 ANTHONY OVERTON GROUNDMAN 104269 26941 20389 151599 DAVE CROSS CEO 163599 46166 29337 239102 JACK GUNTER LINE FOREMAN 106806 25443 19487 151736 JAKE LOWE JOURNEYMAN LINEMAN 107694 24045 27990 159729 JOEL MCCARTT DIRECTOR OF ENGINEERING 133996 38004 20249 192249 RICHARD SEXTON LINE FOREMAN 122607 25443 28070 176120 SHANE PHILLIPS LINE FOREMAN 116239 25443 28070 169752 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder PEC IS MEMBER OWNED BY THE CUSTOMERS IT SERVES IN SCOTT AND MORGAN COUNTIES IN TENNESSEE. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body 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, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders 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, Line 11b: Form 990 Review Process A FINAL COPY OF THE FORM 990 IS GIVEN TO THE COOPERATIVE FOR REVIEW BEFORE THE FORM IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARD REVIEWS COMPARATIVE ORGANIZATION'S SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE BOARD REVIEWS COMPARATIVE ORGANIZATIONS SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE DOCUMENTS ARE AVAILABLE UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN MEMBERSHIPS = $686