2019-09-09T09:09:50-07:00 2018-12-31 990 2018-01-01 582231201 GEORGIA TRANSMISSION CORPORATION GEOR 7702707400 2100 East Exchange Place Tucker GA 30084 Jenny Buttrey Assistant Controller 7702707214 2019-09-09 165.225.34.66 2018 2019-02-21 02:37:17Z Jenny Buttrey CPA Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 30084 322554883 0 X www.gatrans.com X 1996 GA Transmission of Electricity 13 13 306 0 0 0 0 0 295339961 305745861 12308756 16809022 0 0 307648717 322554883 0 0 14373662 15166656 27573443 28656526 0 0 0 265701612 278731701 307648717 322554883 0 0 2650850240 2789792363 2353220362 2476995829 297629878 312796534 Transmission of Electricity 0 0 Principal Business is providing transmission services. At 12/31/18, Georgia Transmission Corporation owned approximately 3,459 miles of transmission lines and 742 substations. Georgia Transmission Corporation succeeded to all of Oglethorpe's rights and obligations with respect to the Integrated Transmission System. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 190 0 1 306 1 0 0 0 0 0 310250560 20412273 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Jenny Buttrey CPA 7702707214 Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 30084 Raphael Brumbeloe Director 1 0 X 6800 0 0 David Dunaway Director 2 0 X 8100 0 0 Charles Fendley Director 2 0 X 13000 0 0 Michael Goodroe Director 2 0 X 6800 0 0 Otis Jones Director 1 0 X 10800 0 0 Ronnie Lee Director 2 0 X 6900 0 0 Robert L Lewis Director 2 0 X 6800 0 0 Steve Rawl Director 2 0 X 9300 0 0 Brad Thomas Director 3 0 X 9200 0 0 Jill Tietjen Director 2 0 X 26300 0 0 Tony Tucker Director 1 0 X 6900 0 0 Jack Waters Director 3 0 X 9300 0 0 Everett Williams Director 3 0 X 8000 0 0 Jerry Donovan President, CEO 40 0 X 521072 0 61219 Barbara Hampton CFO 40 0 X 436763 0 69593 Keith Daniel Vice President 40 0 X 320937 0 72388 David Van Winkle Vice President 40 0 X 269503 0 75172 John Raese Vice President 40 0 X 261915 0 64694 Angela Sheffield Vice President 40 0 X 255411 0 70530 Angela Farsee Manager, Human Resources 40 0 X 234202 0 62179 Joe Sowell Manager, Bulk System Planning 40 0 X 217893 0 64026 Russ Schussler Vice President 40 0 X 211258 0 59858 Lynn Huffines Controller 40 0 X 245452 0 60857 Robert Casey Manager, Member Planning Svcs 40 0 X 192703 0 51281 Angela Battle Manager, Transmission Projects 40 0 X 191656 0 42884 Jay Horsley Dir, Safety & Technical Training 40 0 X 184331 0 50892 Craig Heighton Director, External Affairs 40 0 X 174418 0 63329 Jason Snodgrass Director, Supply Chain Management 40 0 X 172936 0 49889 Lynn Watkins Manager, Rates 40 0 X 168973 0 39134 Anne Hicks General Counsel 40 0 X 243585 0 69445 Patrick McGovern Manager, System Services 40 0 X 198279 0 42136 James Etheridge Manager, Transmission Line Maint 40 0 X 192369 0 55377 Nathan Lovett Manager, Relay and Controls Design 40 0 X 186029 0 51742 Michael Fourman Manager, Substation Maintenance 40 0 X 185637 0 60026 5193522 0 1236651 174 0 1 0 Georgia System Operations Corporation 2100 East Exchange Place Tucker GA 30084 Shared Services and Control 25559208 Aubrey Silvey Construction 371 Hamp Jones Rd Carrollton GA 30117 Construction Services 9552127 Irby Construction 817 S State St Jackson MS 39201 Engineering Services 7452527 Pike Electric Inc PO Box 1000 Dept 517 Memphis TN 38148 Construction Services 6348491 Everything Construction 700 Frog Road Locust Grove GA 30248 Electrical Contractor - Construction/Maintenance 4996793 141 0 Network Services Revenue 221000 271794828 271794828 0 0 Transmission Rental Income 221000 30513458 30513458 0 0 Other Revenues 221000 4537575 4537575 0 0 Refund to Members 221000 -1100000 -1100000 0 0 0 0 0 0 305745861 16809022 16809022 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 322554883 322554883 0 0 0 0 0 15166656 4103258 0 17667977 0 5559516 1325775 0 342539 0 0 0 0 17345566 92912 3880896 0 0 0 853626 0 152787 87140809 0 86473964 1140958 Parity Expense 16462375 Control Center Svs/Trans Reserve 12916518 Property/Other Taxes 22224816 GSOC OPS/SS Charges 28390206 1313729 322554883 0 0 0 0 0 32559371 41466464 0 0 31157058 35851042 0 0 0 0 0 0 15631865 15802437 310451054 254830054 3458113988 1041465255 2235997210 2416648733 0 0 25053682 25193633 0 0 2650850240 2789792363 437898033 317939588 0 0 39079 26053 94465000 94465000 0 0 0 0 1815003691 2059141581 0 5814559 5423607 2353220362 2476995829 X 297629878 312796534 0 0 0 0 297629878 312796534 2650850240 2789792363 X 0 0 0 0 0 15166656 X 0 1 1 1 1 0 393394848 393394848 0 153072172 66585636 86486536 0 0 0 0 0 2790840304 968201103 1822639201 0 120806664 6678516 114128148 2416648733 Accumulated Provision for Benefits 2489216 Deferred Hedge Settlement 2861802 Gain on Bonds 72589 5423607 X 322554883 0 0 0 0 0 322554883 0 0 0 322554883 307388227 0 0 0 0 0 307388227 0 15166656 15166656 322554883 Schedule D, Part X, Line 2 The FASB issued new guidance on Accounting for Uncertainty in Income Taxes. GTC adopted this new guidance for the year ended December 31, 2009. Management has examined GTC's tax positions and concluded that GTC has taken no uncertain tax positions that require adjustments to the financial statements to comply with the provisions of this guidance. GTC is generally not subject to income tax examinations by federal, state or local tax authorities for years before 2014. Schedule D, Part XII, Line 4b Amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2018 to the members. For financial reporting purposes, the amount is not yet distributed. X X 1 1 X X X X 0 0 0 Raphael Brumbeloe Director 6800 0 0 0 0 0 0 0 0 0 6800 0 0 0 David Dunaway Director 8100 0 0 0 0 0 0 0 0 0 8100 0 0 0 Charles Fendley Director 13000 0 0 0 0 0 0 0 0 0 13000 0 0 0 Michael Goodroe Director 6800 0 0 0 0 0 0 0 0 0 6800 0 0 0 Otis Jones Director 10800 0 0 0 0 0 0 0 0 0 10800 0 0 0 Ronnie Lee Director 6900 0 0 0 0 0 0 0 0 0 6900 0 0 0 Robert L Lewis Director 6800 0 0 0 0 0 0 0 0 0 6800 0 0 0 Steve Rawl Director 9300 0 0 0 0 0 0 0 0 0 9300 0 0 0 Brad Thomas Director 9200 0 0 0 0 0 0 0 0 0 9200 0 0 0 Jill Tietjen Director 26300 0 0 0 0 0 0 0 0 0 26300 0 0 0 Tony Tucker Director 6900 0 0 0 0 0 0 0 0 0 6900 0 0 0 Jack Waters Director 9300 0 0 0 0 0 0 0 0 0 9300 0 0 0 Everett Williams Director 8000 0 0 0 0 0 0 0 0 0 8000 0 0 0 Jerry Donovan President, CEO 460553 0 22652 0 37866 0 36500 0 24719 0 582290 0 0 0 Barbara Hampton CFO 398981 0 777 0 37005 0 36500 0 33093 0 506356 0 0 0 Keith Daniel Vice President 295764 0 777 0 24396 0 36500 0 35888 0 393325 0 0 0 David Van Winkle Vice President 254028 0 777 0 14698 0 36500 0 38672 0 344675 0 0 0 John Raese Vice President 246947 0 777 0 14191 0 36500 0 28194 0 326609 0 0 0 Angela Sheffield Vice President 242777 0 777 0 11858 0 36500 0 34030 0 325942 0 0 0 Angela Farsee Manager, Human Resources 225782 0 777 0 7643 0 36219 0 25961 0 296382 0 0 0 Joe Sowell Manager, Bulk System Planning 209274 0 777 0 7842 0 33065 0 30960 0 281918 0 0 0 Russ Schussler Vice President 200634 0 777 0 9847 0 32898 0 26960 0 271116 0 0 0 Lynn Huffines Controller 238374 0 777 0 6301 0 36500 0 24357 0 306309 0 0 0 Robert Casey Manager, Member Planning Svcs 182573 0 777 0 9352 0 28151 0 23130 0 243983 0 0 0 Angela Battle Manager, Transmission Projects 189141 0 777 0 1738 0 30142 0 12741 0 234539 0 0 0 Jay Horsley Dir, Safety & Technical Training 174367 0 777 0 9187 0 27858 0 23035 0 235224 0 0 0 Craig Heighton Director, External Affairs 166401 0 777 0 7240 0 27355 0 35975 0 237748 0 0 0 Jason Snodgrass Director, Supply Chain Management 171092 0 777 0 1067 0 27350 0 22539 0 222825 0 0 0 Lynn Watkins Manager, Rates 165342 0 777 0 2855 0 26329 0 12805 0 208108 0 0 0 Anne Hicks General Counsel 236528 0 3158 0 3899 0 36500 0 32945 0 313030 0 0 0 Patrick McGovern Manager, System Services 191771 0 777 0 5731 0 30268 0 11868 0 240415 0 0 0 James Etheridge Manager, Transmission Line Maint 182179 0 777 0 9413 0 29365 0 26012 0 247746 0 0 0 Nathan Lovett Manager, Relay and Controls Design 180570 0 777 0 4682 0 28635 0 23107 0 237771 0 0 0 Michael Fourman Manager, Substation Maintenance 176683 0 777 0 8177 0 28353 0 31674 0 245664 0 0 0 Schedule J, Part I, Line 1a All Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6000 to $12000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, Form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. With respect to the actual car allowance, no documentation is required to be presented to receive the allowance other than required Board approval. Mileage reimbursement is, however, required to be substantiated prior to receipt of funds. Reimbursement is obtained through submission of an authorized Expense Report. For tax year 2018, qualifying associates received a one-time gross up bonus payment for meeting wellness goals. Schedule J, Part I, Line 3 Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. A Development Authority of Burke County Georgia Transmission Corporation Vogtle Project 121342NL9 2015-05-01 94465000 Pollution Control Bonds 0 0 0 A 0 0 94465000 0 0 0 0 0 0 0 0 0 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 Form 990, Part VI, Section A, Line 6 Georgia Transmission Corporation ("GTC") is a tax exempt 501(c)(12) entity whose membership consists of 38 EMC's in the state of Georgia and Oglethorpe Power Corporation, a Not for Profit Electric Membership Corporation. Form 990, Part VI, Section A, Line 7a The corporation has members who elect members of the governing body as provided for in its bylaws. Form 990, Part VI, Section A, Line 7b Certain decisions of the governing body are subject to approval by members as provided for in its bylaws. Form 990, Part VI, Section B, Line 11b The preparer is a licensed CPA in the state of Georgia. Information is accumulated from the GTC financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. For 2018, a draft of form 990 will be reviewed by an additional CPA, internal to GTC. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft form 990 is discussed with the reviewer to ensure all review points are cleared. A draft copy of the Form 990 is also submitted to and discussed with the Board. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will be e-filed. Form 990, Part VI, Section B, Line 12c Georgia Transmission Corporation ("GTC") maintains a corporate policy that provides guidelines and standards for the employees and directors of GTC to avoid conflicts of interest or any appearance of conflicts of interest, so that the affairs of GTC may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, GTC internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members, which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interests exists and what actions need to be taken, Results of the audit are reported to the Audit committee of the Board. Form 990, Part VI, Section B, Line 15 Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. Form 990, Part VI, Section C, Line 19 Currently, Georgia Transmission Corporation publishes its financial statements in pdf format on its website, www.gatrans.com Any governing documents and conflict of interest policy are available on the intercompany document retrieval system, but are available upon request by the general public. Form 990, Part XI, Line 9 Amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2018 to the members. For financial reporting purposes, the amount is not yet distributed.