2020-06-02T15:17:35-05:00 2019-09-30 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2018-10-01 931192140 PACIFIC NORTHWEST GENERATING COOPERATIVE DBA PNGC POWER PACI 5032881234 711 NE HALSEY NO 200 PORTLAND OR 972321268 ROGER GRAY PRESIDENT & CEO 5032881234 2020-03-03 1 KATHY A GORDON CPA P00016213 5035857774 2020-02-28 69.30.50.66 2020-03-03 12:18:01 PS P 9736A70D8013F71F045DE14EA02CD13D2DF19221 F4F34F22F2BF6FA46CBBF16679C5B8F708FDCFF1 2018 2021-09-10 13:11:23Z ROGER GRAY 711 NE HALSEY NO 200 PORTLAND OR 972321268 257158064 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 19 0 41056 2552 0 0 236467117 256481699 446879 635309 28803 41056 236942799 257158064 0 0 0 0 3084772 3241825 0 0 0 231946702 251914156 235031474 255155981 1911325 2002083 67228965 53643548 39241529 23465694 27987436 30177854 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 13 0 19 1 1 1 0 0 0 0 252952808 4205256 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 CHAIRMAN 6.00 X X 0 0 0 GREG GARDNER DIRECTOR 6.00 X 0 0 0 BRYAN CASE DIRECTOR 8.00 X 0 0 0 KEITH BROOKS DIRECTOR 6.00 X 0 0 0 FOSTER HILDRETH DIRECTOR 6.00 X 0 0 0 RAY ELLIS DIRECTOR 7.00 X 0 0 0 BRENT BISCHOFF DIRECTOR 5.00 X 0 0 0 DAVID GOTTULA DIRECTOR 8.00 X 0 0 0 DAVE MARKHAM VICE-CHAIRMAN 10.00 X X 0 0 0 DEBI WILSON DIRECTOR 3.50 X 0 0 0 CHAD BLACK DIRECTOR 6.00 X 0 0 0 BOB PERRY DIRECTOR 8.00 X 0 0 0 ANNIE TERRACCIANO SECRETARY/TREASURER 8.00 X X 0 0 0 ALEC SHEBIEL DIRECTOR 3.00 X 0 0 0 JON R WISSLER VP & CFO 40.00 X 167043 0 54771 CHRISTOPHER HILL GENERAL COUNSEL 40.00 X 181381 0 65832 SCOTT RUSSELL VP TRANSMISSION 40.00 X 130333 0 61627 GREGORY MENDOCA VP POWER SUPPLY 40.00 X 150115 0 63942 TERESA STUBBLEFIELD VP ADMINISTRATION 40.00 X 137710 0 56020 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 40.00 X 137460 0 62081 STEVEN L KING GENERATION RESOURCES MGR 40.00 X 134053 0 55335 M BETH LOONEY FORMER PRESIDENT & CEO 40.00 X 239811 0 74565 GREGORY K DELWICHE FORMER INTERIM PRESIDENT & CEO 40.00 X 133602 0 0 1411508 0 494173 9 1 1 0 DAVIS WRIGHT TREMAINE LLP 1300 SW FIFTH AVE SUITE 2400 PORTLAND OR 972015610 LEGAL CONSULTATION 117518 1 POWER SALES 221000 256481699 256481699 256481699 635309 635309 MANAGEMENT SERVICES 221000 41056 41056 41056 257158064 256481699 41056 635309 1716293 808618 315280 228098 173536 128646 39280 18000 226029 234251 303270 236270 104696 60599 637135 179759 PURCHASED POWER 217995563 UNRELATED BUISNESS INCO 536 TRANSMISSION EXPENSE 29914595 OPG EXPENSES 1333978 501549 255155981 4045613 665168 23244464 9681516 18383062 21998748 10543 18532 378390 367547 13962310 3374640 11209758 10587670 8966631 9405986 87492 89510 10000 10000 893012 818871 67228965 53643548 36968679 21545344 1953125 1640625 319725 279725 39241529 23465694 X 166818 166818 0 0 27820618 30011036 27987436 30177854 67228965 53643548 X 2002083 188335 X 0 1 X 1 0 406966 406966 1487099 257445 1229654 393443 155573 237870 11674802 2961622 8713180 10587670 MARKETABLE SECURITIES 9405986 F 9405986 DEFERRED CREDITS 279725 279725 X 257158064 0 257158064 0 257158064 255155981 0 255155981 0 255155981 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 2019 OR 2018. THE COOPERATIVE FILES FEDERAL, STATE AND LOCAL INFORMATIONAL AND INCOME TAX RETURNS. X X X X 0 0 0 JON R WISSLER VP & CFO 129103 0 740 0 37200 0 45305 0 9466 0 221814 0 0 0 CHRISTOPHER HILL GENERAL COUNSEL 152679 0 740 0 27962 0 47436 0 18396 0 247213 0 0 0 SCOTT RUSSELL VP TRANSMISSION 111093 0 740 0 18500 0 36058 0 25569 0 191960 0 0 0 GREGORY MENDOCA VP POWER SUPPLY 141264 0 740 0 8111 0 38610 0 25332 0 214057 0 0 0 TERESA STUBBLEFIELD VP ADMINISTRATION 117415 0 740 0 19555 0 35988 0 20032 0 193730 0 0 0 R ASHLEY SLATER VP GOV'T AFFAIRS & POLICY 118104 0 3741 0 15615 0 36512 0 25569 0 199541 0 0 0 STEVEN L KING GENERATION RESOURCES MGR 122208 0 741 0 11104 0 31700 0 23635 0 189388 0 0 0 M BETH LOONEY FORMER PRESIDENT & CEO 205048 0 17000 0 17763 0 58493 0 16072 0 314376 0 0 0 GREGORY K DELWICHE FORMER INTERIM PRESIDENT & CEO 133602 0 0 0 0 0 0 0 0 0 133602 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: UNREALIZED HOLDING GAINS 182,996. RECLASSIFICATION ADJUSTMENT FOR NET (GAINS)/LOSSES INCLUDED IN NET MARGINS 5,339. 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