2021-08-02T17:41:22-05:00 2020-09-30 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2019-10-01 931192140 PACIFIC NORTHWEST GENERATING COOPERATIVE DBA PNGC POWER PACI 5032881234 711 NE HALSEY NO 200 PORTLAND OR 972321268 ROGER GRAY PRESIDENT & CEO 5032881234 2021-06-17 1 KATHY A GORDON CPA P00016213 5035857774 2021-06-16 2019 2022-09-23 18:48:47Z ROGER GRAY 711 NE HALSEY NO 200 PORTLAND OR 972321268 290243568 0 X WWW.PNGC.COM X 1995 OR THE COOPERATIVE IS RESPONSIBLE FOR MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS. 15 15 18 0 44607 2854 0 0 256481699 283379440 635309 474861 41056 44607 257158064 283898908 0 0 0 0 3241825 3375055 0 0 0 251914156 278281145 255155981 281656200 2002083 2242708 53643548 71481791 23465694 40755077 30177854 30726714 SEE SCHEDULE O. 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 1 0 0 1 10 0 18 1 1 1 0 0 0 0 279953978 4326682 0 0 0 X 15 15 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 711 NE HALSEY 200 PORTLAND OR 972321268 DAVE HAGEN DIRECTOR 7.00 X 0 0 0 ROMAN GILLEN DIRECTOR 6.00 X 0 0 0 GREG GARDNER DIRECTOR 5.00 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 10.00 X 0 0 0 BRENT BISCHOFF DIRECTOR 6.00 X 0 0 0 DAVID GOTTULA DIRECTOR 4.00 X 0 0 0 DAVE MARKHAM CHAIRMAN 10.00 X X 0 0 0 DEBI WILSON DIRECTOR 3.50 X 0 0 0 CHAD BLACK DIRECTOR 4.00 X 0 0 0 BOB PERRY DIRECTOR 8.00 X 0 0 0 ANNIE TERRACCIANO VICE-CHAIRMAN 8.00 X X 0 0 0 ALEC SHEBIEL DIRECTOR 3.00 X 0 0 0 TELLY STANGER DIRECTOR 3.00 X 0 0 0 ROGER GRAY PRESIDENT & CEO 40.00 X 308437 0 85070 JON R WISSLER VP & CFO 40.00 X 185481 0 58648 CHRISTOPHER HILL GENERAL COUNSEL 40.00 X 197746 0 76476 SCOTT RUSSELL VP TRANSMISSION 40.00 X 147351 0 66678 GREGORY MENDONCA VP POWER SUPPLY 40.00 X 158876 0 68446 TERESA J SKREEN VP ADMINISTRATION 40.00 X 144208 0 59479 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 40.00 X 143605 0 66532 STEVEN L KING GENERATION RESOURCES MGR 40.00 X 141576 0 58267 JEFFREY KUGEL RESOURCE ANALYST 40.00 X 100243 0 51451 1527523 0 591047 9 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 283379440 283379440 283379440 328493 328493 6491028 6344660 146368 146368 146368 MANAGEMENT SERVICES 221000 44607 44607 44607 283898908 283379440 44607 474861 1767031 908955 315705 215485 167879 261080 36575 18000 156755 207356 283810 240199 54144 51380 679217 196803 PURCHASED POWER 239685568 UNRELATED BUSINESS INCO 599 TRANSMISSION EXPENSE 34583272 OPG EXPENSES 1195737 630650 281656200 665168 468004 9681516 25949800 21998748 23996444 18532 16814 367547 266567 14118630 3996480 10587670 10122150 9405986 9848574 89510 90940 10000 10000 818871 712498 53643548 71481791 21545344 26978947 1640625 1015625 279725 12760505 23465694 40755077 X 10710858 8435258 0 0 19466996 22291456 30177854 30726714 53643548 71481791 X 2242708 81752 -1775600 X 0 1 X 1 0 406966 406966 1524373 296258 1228115 393443 165409 228034 11793848 3534813 8259035 10122150 MARKETABLE SECURITIES 9848574 F 9848574 DEFERRED CREDITS 12760505 12760505 X 283980660 81752 81752 283898908 0 283898908 281656200 0 281656200 0 281656200 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 2020 OR 2019. THE COOPERATIVE FILES FEDERAL, STATE AND LOCAL INFORMATIONAL AND INCOME TAX RETURNS. X X X X 0 0 0 ROGER GRAY PRESIDENT & CEO 283437 0 0 0 25000 0 69076 0 15994 0 393507 0 0 0 JON R WISSLER VP & CFO 146723 0 1050 0 37708 0 48542 0 10106 0 244129 0 0 0 CHRISTOPHER HILL GENERAL COUNSEL 168434 0 850 0 28462 0 51153 0 25323 0 274222 0 0 0 SCOTT RUSSELL VP TRANSMISSION 134377 0 750 0 12224 0 39836 0 26842 0 214029 0 0 0 GREGORY MENDONCA VP POWER SUPPLY 149564 0 750 0 8562 0 41886 0 26560 0 227322 0 0 0 TERESA J SKREEN VP ADMINISTRATION 123176 0 750 0 20282 0 38521 0 20958 0 203687 0 0 0 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 126566 0 750 0 16289 0 39836 0 26696 0 210137 0 0 0 STEVEN L KING GENERATION RESOURCES MGR 129671 0 750 0 11155 0 33433 0 24834 0 199843 0 0 0 JEFFREY KUGEL RESOURCE ANALYST 99493 0 750 0 0 0 25291 0 26160 0 151694 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: 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. 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, ENTITILED 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 -1,775,600. POWER RESOURCES COOPERATIVE 711 NE HALSEY ST PORTLAND OR 97232 930645546 MANAGING SUBSCRIPTION CONTRACTS FOR RESOURCE PROJECTS OR 501(C)(12) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0