2019-11-08T15:33:46-06:00 2018-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2018-01-01 580198155 COBB ELECTRIC MEMBERSHIP CORP COBB 7704292100 PO BOX 369 MARIETTA GA 300610369 BRETT STOVERN CFO 6783553005 2019-11-06 true WILLIAM R ROUNTREE P01231836 4787466277 2019-11-08 98.175.202.218 2019-11-08 15:33:46 CS P BE799C77261EE06AB1BFE677EC220712838153C6 165CA17AB532D5519A9F26DF7B7031333B36404A 2018 2020-04-17 16:48:07Z ATTN BRETT STOVERN PETER HEINTZELMAN 1000 EMC PARKWAY MARIETTA GA 30060 445078655 false X HTTPS://WWW.COBBEMC.COM X 1938 GA OUR MISSION: RELIABLE, SAFE ELECTRICITY, RATE COMPETITIVE, ROBUST GOVERNANCE, RELEVANT SERVICES, RECOGNIZED EMPLOYER 9 9 444 16000 28157 0 426535193 443448187 1495281 1492691 125688 137777 428156162 445078655 0 0 1207719 1119510 0 0 431376494 427637055 432584213 428756565 -4428051 16322090 911853102 961625506 582714547 571317518 329138555 390307988 X COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. false false COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 150 0 true 444 true true true false false false false 431666931 21585288 false true false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X X BRETT STOVERN CFO 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 X DAVID MCCLELLAN CHAIRMAN 7.00 5.00 X X 48565 10401 0 EDWARD CROWELL VICE CHAIRMA 7.00 5.00 X X 56015 10845 0 RUDY R UNDERWOOD SECRETARY/TR 7.00 X X 38842 0 0 WILLIAM C SHARP III DIRECTOR 10.00 5.00 X 51854 10492 0 BRYAN BOYD DIRECTOR 7.00 5.00 X 59672 10474 0 CHARLES M SWANSON DIRECTOR 5.00 X 34342 0 0 KELLY P BODNER DIRECTOR 7.00 X 38342 0 0 ERIC BROADWELL DIRECTOR 10.00 X 48342 0 0 DAVID V TENNANT DIRECTOR 7.00 X 55052 0 0 PETER HEINTZELMAN CEO 45.00 5.00 X 636134 0 52350 WILLIE T NELSON CEO - FORMER X 1440323 0 75606 DAVID B JOHNSON COO - FORMER X 439296 0 158754 ROBERT D STEELE CFO - FORMER X 1197593 0 34806 JAMEY HULSEY SR VP-OPS - X 521783 0 171505 ANGIE JONES VP - HR - FO X 295638 0 53651 4961793 42212 546672 169 false true false REEVES YOUNG LLC 4000 SMITHTOWN RD SUITE 200 SUWANEE GA 30024 CONTRACTOR 2654657 ERNST YOUNG US LLP 200 PLAZA DRIVE SECAUCUS NJ 07094 IT CONSULTANT 1359695 TOWNSEND TREE SERVICE COMPANY LLC PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 1072869 USIC LOCATING SERV LLC 9045 N RIVER RD SUITE 300 INDIANAPOLIS IN 46240 CABLE LOCATING 938366 SOUTHERN STATES LLC 30 GEORGIA AVE HAMPTON GA 30228 EQUIP. MANUFACT 698628 18 ELECTRIC REVENUE 221000 431666931 431666931 PATRONAGE CAPITAL 221000 8912239 8912239 POLE/TOWER RENTAL INCOME 2869017 2869017 443448187 1492691 1492691 121777 16000 121777 16000 137777 16000 121777 445078655 440579170 16000 4483485 1119510 21774716 29070550 PURCHASED POWER 299616267 DISTRIBUTION MAINTENANCE 23330308 ADMINISTRATIVE & GENERAL 22940553 CONSUMER ACCOUNTS 16010156 14894505 428756565 0 0 0 2119990 31828304 52975584 5229014 4945040 4961236 5862673 6406500 2777499 905936204 263556481 620438528 642379723 208615235 212982942 6174500 5538500 28199785 32043555 911853102 961625506 46338458 46629938 394914048 411157040 26000000 3800000 115462041 109730540 582714547 571317518 X 477145 455825 328661410 389852163 329138555 390307988 911853102 961625506 X 16322090 19457280 25390063 X false true X true false 8095796 8095796 897840408 263556481 634283927 642379723 INVESTMENTS IN ASSOCIATED ORGS 179769637 C CFC INVESTMENTS 31689212 C RESTRICTED FUNDS 863213 F U.S. CORPORATE BONDS 660880 C 212982942 ACCRUED PENSION COSTS 86567694 CONSUMER DEPOSITS 13419315 SETTLEMENT CLAIMS PAYABLE - SHEA 4624720 OVERRECOVERY OF WPCA 3660162 GAIN ON DEBT EXTINGUISHMENT 1235187 UNCLAIMED CAPITAL CREDITS 206151 OTHER DEFERRED CREDITS 17311 109730540 445078655 445078655 445078655 428756565 428756565 428756565 X true true X X X X X true true false PETER HEINTZELMAN CEO 428468 171645 36021 36645 15705 688484 WILLIE T NELSON CEO - FORMER 120347 57872 1262104 71197 4409 1515929 1076319 DAVID B JOHNSON COO - FORMER 87137 41750 310409 153922 4832 598050 231357 ROBERT D STEELE CFO - FORMER 6887 1190706 34403 403 1232399 362107 JAMEY HULSEY SR VP-OPS - FORMER 185495 27663 308625 154592 16913 693288 176309 ANGIE JONES VP - HR - FORMER 295638 53651 349289 2858 SCHEDULE J, PAGE 1, PART I, LINE 1A MARIETTA COUNTRY CLUB (1) WILLIE T. NELSON (FORMER PRESIDENT & CEO) - 1,584 GEORGIAN CLUB (1) PETER HEINTZELMAN (PRESIDENT & CEO) - 751 (2) BRETT STOVERN (CFO) - 191 (3) KEVAN ESPY (VP OF ELEC. OPS.) - 1,111 (4) MARK GODDARD (VP OF MKT/CORP. COMM.) - 191 (5) TRIPPER SHARP (DIRECTOR) - 191 (6) DAVID MCCLELLAN (DIRECTOR) - 191 SCHEDULE J, PAGE 1, PART I, LINE 4 WILLIE T. NELSON 0 1,076,319 0 DAVID B. JOHNSON 0 231,357 0 ROBERT D. STEELE 730,080 362,107 0 JAMEY HULSEY 59,171 176,309 0 ANGIE JONES 292,780 2,858 0 FORM 990 - ORGANIZATION'S MISSION COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. FORM 990 THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101). THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND ITS MEMBER-OWNERS. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION'S MEMBERS DEMOCRATICALLY ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO SUBMITTAL. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION REGULARY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE FOLLOWING POLICIES, WHIC ARE INCLUDED AS PART OF THIS RETURN: POLICY 602 - CONFLICT OF INTEREST POLICY 901 - EMPLOYEE CODE OF CONDUCT POLICY 911 - EMPLOYEES' OUTSIDE ACTIVITIES FORM 990, PAGE 6, PART VI, LINE 15A AS OUTLINED IN BOARD POLICY 608, WHICH IS ATTACHED TO THIS RETURN, THE ANNUAL CEO REVIEW IS CONDUCTED BY THE BOARD'S HUMAN RESOURCES COMMITTEE, WHICH MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. IN ADDITION, THE CORPORATION'S FORM 990 IS AVAILABLE IN THE PUBLIC DOMAIN THROUGH WEBSITES SUCH AS GUIDESTAR (WWW.GUIDESTAR.ORG). FORM 990, PART XI FORM 990 - PART XI LINE 8 - PRIOR PERIOD ADJUSTMENT THE ELECTRIC UTILITY INDUSTRY HAS HISTORICALLY ALLOWED UTILITIES TO EITHER RECORD UNIBLLED REVENUE OR DISCLOSE THE UNBILLED AMOUNTS IN THEIR AUDITED FINANCIAL STATMEMENTS WITHOUT RECORDING. UNTIL 2018, THE CORPORATION CHOSE TO REPORT THE UNBILLED REVENUE AMOUNT AS A DISCLOSURE ONLY. DURING 2018, THE CORPORATION BEGAN RECORDING UNBILLED ELECGRIC REVENUE DUE TO MANAGEMENT'S BELIEF THAT IT PROVIDES A BETTER REFLECTION OF THE CORPORATION'S FINANCIAL POSITION AND RESULTS OF OPERATIONS. IN ADDITION, TECHNOLOGY NOW EXISTS TO OBTAIN A MORE ACCURATE DETERMINATION OF THESE AMOUNTS, ELIMINATING ESTIMATES RELATED TO USAGE THAT PREVIOUSLY AFFECTED THE CALCULATION. THIS CHANGE IN ACCOUNTING PRINCIPLE RESULTED IN A PRIOR PERIOD ADJUSTMENT OF 19,457,280. FORM 990, PART XI, LINE 9 WHOLLY-OWNED SUBSIDIARY EARNINGS 19,643,770 OTHER COMPREHENSIVE INCOME 5,763,633 CHANGE IN DONATED CAPITAL 3,980 CHANGE IN MEMBERSHIP FEES -21,320 TOTAL 25,390,063 GAS SOUTH LLC PO BOX 4298 ATLANTA GA 30302 203608242 NAT GAS MA GA N/A C CORP 19072711 112000000 1.00000 true COBB ENERGY MANAGEMENT CORPORATION 1000 EMC PARKWAY MARIETTA GA 30060 582345061 HOLDING CO GA N/A C CORP 4846461 1.00000 true false false false true false true false false false false false false true false false false true false false GAS SOUTH LLC F 15800000 COST GAS SOUTH LLC Q 1911173 COST GAS SOUTH LLC M 1113127 FMV GAS SOUTH LLC D 49246 FMV SCHEDULE R RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (COBB ENERGY): COBB ENERGY WAS INCORPORATED IN THE STATE OF GEORGIA ON SEPTEMBER 3, 1997 TO PROVIDE VARIOUS SERVICES TO COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC), ITS SUBSIDIARIES AND OTHER THIRD PARTIES. AS OF DECEMBER 31, 2018 COBB ENERGY MANAGEMENT CORPORATION HAS NO OPERATING ACTIVITIES. GAS SOUTH, LLC (GAS SOUTH): GAS SOUTH IS A NATURAL GAS MARKETER THAT SERVES RESIDENTIAL, BUSINESS, GOVERNMENTAL, AND INSTITUTIONAL CUSTOMERS THROUGHOUT THE SOUTHEAST IN AREAS WHERE CUSTOMERS HAVE THE ABILITY TO CHOOSE THEIR ENERGY PROVIDER. GAS SOUTH IS A CERTIFIED NATURAL GAS MARKETER IN THE STATE OF GEORGIA AND COMPETES TO SERVE CUSTOMERS WHO ARE CONNECTED TO THE LOCAL DISTRIBUTION COMPANY (LDC), ATLANTA GAS LIGHT (AGL). GAS SOUTH PURCHASES NATURAL GAS FROM WHOLESALE SUPPLIERS FOR DELIVERY TO THE CITYGATE WHERE AGL ASSUMES RESPONSIBILITY AND LIABILITY ASSOCIATED WITH THE DELIVERY OF NATURAL GAS TO GAS SOUTH'S RETAIL CUSTOMERS. GAS SOUTH ALSO SERVES COMMERCIAL AND INDUSTRIAL CUSTOMERS IN THE STATE OF FLORIDA AND LARGE COMMERCIAL AND INDUSTRIAL CUSTOMERS IN PORTIONS OF NORTH CAROLINA AND SOUTH CAROLINA THROUGH OTHER LDCS. GAS SOUTH ALSO SERVES LARGE CUSTOMERS THAT ARE CONNECTED DIRECTLY TO INTERSTATE PIPELINES AND WHOLESALES NATURAL GAS TO OTHER SERVICE PROVIDERS. GAS SOUTH'S MANAGEMENT COMMITTEE IS MADE UP OF COBB EMC EXECUTIVE MANAGEMENT AND THREE COBB EMC BOARD MEMBERS. COBB EMC BOARD MEMBERS SERVING ON THE MANAGEMENT COMMITTEE ARE COMPENSATED DIRECTLY BY GAS SOUTH. THESE AMOUNTS ARE REPORTED ON COBB EMC'S FORM 990 AS "REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS". COBB EMC ENTERED INTO AN AGREEMENT TO GUARANTY GAS SOUTH'S OBLIGATIONS TO CERTAIN COUNTERPARTIES IN 2018. COBB EMC CHARGES GAS SOUTH A MARKET RATE BASED ON THE AGREEMENT. GAS SOUTH PAID COBB EMC 49,246 RELATED TO THE AMOUNTS GUARANTEED IN 2018.