2017-11-13T09:14:19-08:00 2016-12-31 Goff & Herrington PC PO Box 153320 Lufkin TX 75915 990 2016-01-01 751615421 Northeast Texas Electric Cooperative NORT 9037573282 2221 H G Mosley Parkway 100 Longview TX 75604 Frankie B King President 2017-11-13 true Ronnie Herrington CPA P00028527 9368753317 2016 2017-02-10 21:41:12Z Frankie B King 224160898 false false X N/A X 1978 TX NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives. 12 12 5 0 0 223556934 223058508 1590861 1089046 20944 13344 225168739 224160898 0 5089437 3445201 849506 1172418 0 0 219229796 219543279 225168739 224160898 0 279743512 270311536 171336174 159467942 108407338 110843594 NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives. false false 224160898 223058508 Costs incurred with providing wholesale electric energy to 6 electric distribution cooperative members who in turn provide electricity to over 165,000 retail members 224160898 false false false false false false false false false false true false false true true true true 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 false false false false false false false true 7 0 false 5 true false false false false false false false false false 220715697 3445201 false false false X 12 12 false false false false true true false true true false false true true true true true true true false false X Caleb Head 9037573282 2221 H G Mosley Parkway 100 Longview TX 75604 Sam Allison Director 5.00 0.00 X 10350 0 0 Basel Gibbs Director 2.00 0.00 X 8625 0 0 Debra Robinson Director 3.00 0.00 X 0 0 0 J P Dobbs Director 5.00 0.00 X 10350 0 0 Rob Walker Director 4.00 0.00 X 0 0 0 Doug Turk Director 4.00 0.00 X 0 0 0 Steve Delaughter Director 4.00 0.00 X 10925 0 0 Frankie B King President 4.00 0.00 X X 19550 0 0 Mark Boyd Vice President 4.00 0.00 X X 0 0 0 Kathy Wood Secretary 3.00 0.00 X X 0 0 0 Richard McLeon Ass't Sec./Trea 3.00 0.00 X X 0 0 0 Pat Lindley Director 2.00 0.00 X 9200 0 0 Richard Tyler GM/CEO 40.00 0.00 X 243456 0 194431 Jason Atwood VP Engineering 40.00 0.00 X 181589 0 120887 Caleb Head Controller 40.00 0.00 X 98479 0 80237 592524 395555 2 false true false General Electric International Inc 4200 Wildwood Parkway Atlanta GA 30339 LT Maintenance Svcs 3277379 GDS & Associates Inc 1850 Parkway Place Suite 800 Marietta GA 30067 Engineering 882869 Holland & Knight LLP 800 17th Street NW Suite 1100 Washington DC 20006 Legal Services 806565 PSI 32731 Egypt Lane Suite 701 Magnolia TX 77354 Communications Svcs 583938 Entergy Power Operations US Inc 12039 State Hwy 43 South Marshall TX 75670 Power Plant O&M 404799 7 0 Patronage Captial Credits 221000 2342811 2342811 Wholesale Power Sales 221000 220715697 220715697 223058508 1089046 1089046 0 13344 13344 0 0 0 0 0 0 224160898 223071852 1089046 X 0 0 0 3445201 3445201 877891 877891 0 135614 135614 44233 44233 75259 75259 39421 39421 0 809725 809725 210425 210425 0 0 0 1012581 1012581 0 85453 85453 0 0 46714 46714 107266 107266 0 11978 11978 6724388 6724388 0 11292471 11292471 37108 37108 Purchased Power 108669492 108669492 Transmission Costs 22439197 22439197 Fuel Cost - Pirkey 21250177 21250177 Fuel Cost - HCPP 14535331 14535331 32310973 32310973 224160898 224160898 0 0 11711890 28830258 242014 2983897 0 27043595 25129076 0 0 0 3862495 7225875 4111453 3624931 335021862 165896711 180828129 169125151 0 0 0 0 51943936 33392348 279743512 270311536 20850085 22285989 140181835 131616832 10304254 5565121 171336174 159467942 X 30000 30000 108377338 110813594 108407338 110843594 279743512 270311536 X 0 2436256 X false true X true false 335021862 165896711 169125151 169125151 Accrued Interest Receivable 132730 Contingency Reserve Fund Deferred Power Cost True-ups Investments in Associated Organizations 31508483 Other special deposit 549900 Other special deposit - SPP 1201235 33392348 AEP - Power Cost Refund 1784825 Deferred Credit Pirkey Mine Closing 3736394 Power Costs Levelized Billings 43902 5565121 X 224160898 224160898 224160898 220715697 220715697 3445201 3445201 224160898 Part X : FIN48 Footnote The cooperative is exempt from federal income tax under the provisions of section 501(c)(12)of the internal revenue code of 1986. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S 2016 Patronage Capital to be retired $3445201 false false false Caleb Head Controller 98333 146 29046 51191 178716 Jason Atwood VP Engineering 180833 756 69070 51817 302476 Richard Tyler GM/CEO 240000 3456 142305 52126 437887 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The organization is an electric power generation & transmission cooperative that furnishes electric power requirements to six electric distribution cooperatives who are members of this organization. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the form 990 is mailed to each director prior to its filing and is also reviewed and approved at the next board of directors meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interests policy requires that each official annually disclose interests to the board that could create the appearance of a conflict of interest and certify that they have received and reviewed a copy of the conflict of interests policy. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The board of directors reviews and approves the officer compensation and benefits package on an annual basis with a decision based on the vote of the entire board of directors. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The cooperative's governing documents, conflicts of interest policy and financial statements are available to the public by submitting a written request to the cooperative. Form 990, Part IX, Line 24e: Other Expenses Association Dues: Column (A) - Total = $310110; Column (B) - Program Services = $310110; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses EPA Expense - Dolet Hills: Column (A) - Total = $805870; Column (B) - Program Services = $805870; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses EPA Expense - Pirkey: Column (A) - Total = $580965; Column (B) - Program Services = $580965; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Fuel Cost - Credit: Column (A) - Total = $370709; Column (B) - Program Services = $370709; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Fuel Cost - Dolet Hills: Column (A) - Total = $9870908; Column (B) - Program Services = $9870908; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Maint/Sup/Engineering: Column (A) - Total = $7211184; Column (B) - Program Services = $7211184; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Misc. General Expense: Column (A) - Total = $22500; Column (B) - Program Services = $22500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Operating Expense - HCPP: Column (A) - Total = $8746768; Column (B) - Program Services = $8746768; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Plant Overhead Costs: Column (A) - Total = $1634485; Column (B) - Program Services = $1634485; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Power Plant Operating Exp.: Column (A) - Total = $549510; Column (B) - Program Services = $549510; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Property Taxes: Column (A) - Total = $5936; Column (B) - Program Services = $5936; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Reimbursed Expenses: Column (A) - Total = $4473; Column (B) - Program Services = $4473; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SCADA Operating Expense: Column (A) - Total = $673321; Column (B) - Program Services = $673321; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Steam Expense - Pirkey & Dolet: Column (A) - Total = $1524234; Column (B) - Program Services = $1524234; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Other Changes In Net Assets Or Fund Balances - Other Increases 2016 Patronage Capital to be allocated = $3445201 Other Changes In Net Assets Or Fund Balances - Other Decreases Patronage Capital Retired = -$1000000 Other Changes In Net Assets Or Fund Balances - Other Decreases UNREALIZED LOSS ON INVESTMENTS = -$8945