2014-10-06T14:30:33-05:00 2013-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2013-01-01 580198155 COBB ELECTRIC MEMBERSHIP CORP COBB 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 WILLIE T NELSON PRESIDENT & CEO 7704292100 2014-10-03 true J RANDOLPH NICHOLS P00347246 4787466277 2014-10-06 2013 2015-11-30 17:44:51Z WILLIE T NELSON 1000 EMC PARKWAY MARIETTA GA 30060 416271078 false X HTTPS://WWW.COBBEMC.COM X 1938 GA 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. 9 9 589 16000 15000 0 431411397 413596339 2274593 2254912 103404 419827 433789394 416271078 0 6202488 0 996690 1030689 0 0 406952454 423297283 414151632 424327972 19637762 -8056894 920437446 914245365 528823202 522272728 391614244 391972637 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 OUR LOCAL COMMUNITIES. false false 410667405 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 true true false false false 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 154 0 true 589 true true true false false false false 400947833 47818705 false X 9 9 false false true false true true true true true true false true true true true true true true true false GA X ROBERT D STEELE 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 BRYAN BOYD VICE CHAIRMA 15.00 X X 62200 0 0 DAVID V TENNANT CHAIRMAN 15.00 X X 61811 0 0 EDWARD CROWELL DIRECTOR 21.00 X 59500 0 0 ERIC BROADWELL DIRECTOR 15.00 X 52700 0 0 DAVID MCCLELLAN SECRETARY/TR 15.00 X X 52311 0 0 WILLIAM C SHARP III DIRECTOR 15.00 X 42100 0 0 CHERYL G MEADOWS DIRECTOR 15.00 X 38683 0 0 RUDY R UNDERWOOD DIRECTOR 15.00 X 35600 0 0 CHARLES M SWANSON DIRECTOR 15.00 X 29683 0 0 KELLY P BODNER DIRECTOR 15.00 X 29183 0 0 WILLIE T NELSON PRESIDENT & 50.00 5.00 X 502395 0 17860 FRANK MYERS SR. 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VP HR-FO 40.00 X 405190 0 2325 ROBERT STEELE CFO 50.00 5.00 X 326301 0 63743 DAVID MCGINNIS DIRECTOR-FOR X 15609 0 0 WILLIAM J GRESHAM DIRECTOR-FOR X 15527 0 0 LARRY CHADWICK DIRECTOR-FOR X 15527 0 0 3389974 199282 142 true true false FIVE POINT PARTNERS LLC 200 GALLERIA PARKWAY SUI ATLANTA GA 30339 IT CONSULTANT 3889277 CLIFTONLARSONALLEN LLP 20 E THOMAS ROAD PHOENIX AZ 85012 FORENSIC AUDIT 1249561 DST OUTPUT EAST LLC 333 WEST 11TH ST KANSAS CITY MO 64105 BILL PROCESSING 926855 FELLOWS LABRIOLA LLP 225 PEACHTREE ST NE ATLANTA GA 30303 FORENSIC AUDIT 731011 J2 SOLUTIONS LLC 318 DONRAIL COURT IRMO SC 29063 IT CONSULTANT 370802 18 ELECTRIC REVENUE 221000 400947833 400947833 PATRONAGE CAPITAL 221000 9719572 9719572 POLE RENTAL INCOME 2928934 2928934 413596339 2254912 2254912 403827 16000 403827 16000 419827 16000 403827 416271078 410667405 16000 5587673 984026 46663 24678297 28195430 PURCHASED POWER 268643467 ADMINISTRATIVE & GENERAL 47253085 DISTRIBUTION MAINTENANCE 25908563 CONSUMER ACCOUNTS 18185423 10433018 424327972 0 0 0 17012455 15065775 14540950 1588317 43000307 41163363 4570903 4570903 2818810 2123422 3397863 2126674 815692928 227698981 617131121 587993947 17799 271760 174633822 180492217 9354500 8718500 33958916 70130487 920437446 914245365 42457318 44317848 1227474 438140827 433020046 15000000 31997583 44934834 528823202 522272728 X 577658 549592 391036586 391423045 391614244 391972637 920437446 914245365 -8056894 8415287 X X false true X true false 8715797 8715797 806977131 227698981 579278150 587993947 INVESTMENTS IN ASSOCIATED ORGA 143316923 C INVESTMENTS IN CTC'S 34106233 C NRUCFC MEMBER CAPITAL SECURITI 2000000 C U.S. CORPORATE BONDS 1069061 C 180492217 INVESTMENT IN SUBSIDIARIES 36128140 RESTRICTED FUNDS - CLASS ACTION 34002347 70130487 ACCRUED PENSION COSTS 18816152 CONSUMER DEPOSITS 12673030 VOLUNTARY EARLY RETIREMENT LIABILITY 10107541 GAIN ON DEBT EXTINGUISHMENT 3297016 OTHER DEFERRED CREDITS 41095 44934834 X true true X X X true true false WILLIE T NELSON PRESIDENT & CEO 489233 13162 17860 520255 FRANK MYERS SR. VP FIN-FORMER 284719 296555 39809 7108 628191 236857 ROBERT ARNETT SR. VP TECH-FORMER 204618 370661 31944 15824 623047 118415 GREG STEELE COO-PROCORE-FORMER 115544 373557 18038 2631 509770 141131 LEILA LASSETER SR. VP HR-FORMER 12876 392314 2010 315 407515 139988 ROBERT STEELE CFO 311810 14491 39809 23934 390044 DAVID MCGINNIS DIRECTOR-FORMER 15609 15609 WILLIAM J GRESHAM DIRECTOR-FORMER 15527 15527 LARRY CHADWICK DIRECTOR-FORMER 15527 15527 SCHEDULE J, PAGE 1, PART I, LINE 1A SCHEDULE J, LINE 1A GEORGIAN CLUB DUES: ROBERT ARNETT (742), DAVID JOHNSON (89), SAM KELLY (930), WILLIE T. NELSON (1,118), ROBERT D. STEELE (1,118) MARIETTA COUNTRY CLUB DUES: WILLIE T. NELSON (4,196) SCHEDULE J, PAGE 1, PART I, LINE 4 FRANK MYERS 0 331,836 0 ROBERT ARNETT 221,728 164,712 0 GREG STEELE 0 378,052 0 LEILA LASSETER 0 392,593 0 SCHEDULE J, PART III SCHEDULE J, PART II - FORMER DIRECTORS DAVID MCGINNIS, WILLIAM J. GRESHAM AND LARRY CHADWICK RECEIVE REPORTABLE COMPENSATION IN EXCESS OF 10,000 AND ARE REQUIRED TO BE REPORTED ON SCHEDULE J. THE COMPENSATION FOR EACH IS RELATED SOLELY TO HEALTHCARE PREMIUMS PAID BY THE CORPORATION UNDER A PREVIOUSLY ADOPTED PLAN FOR RETIRED DIRECTORS. THAT PLAN HAS BEEN TERMINATED FOR CURRENT AND FUTURE DIRECTORS. SCHEDULE J, PART II, COLUMN F - THE AMOUNTS REPORTED AS DEFERRED IN A PRIOR FORM 990 ARE PRESENTED AS IF THE CORPORATION HAD FILED A 990 FOR ALL YEARS IN WHICH DEFERRED COMPENSATION HAD BEEN ACCRUED UNDER A NONQUALIFIED DEFERRED COMPENSATION PLAN BY THESE EMPLOYEES. THE CORPORATION FILED FORM 1120, AS A NON-EXEMPT RURAL ELECTRIC COOPERATIVE, FROM 2005 THROUGH 2011. 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 OUR LOCAL COMMUNITIES. FORM 990, PAGE 6, PART VI, LINE 4 ON SEPTEMBER 21, 2013, THE CORPORATION'S MEMBERS APPROVED BYLAW AMENDMENTS WHICH CONTAINED PROVISIONS FOR THE FOLLOWING: 1)ADDING A "MEMBERS BILL OF RIGHTS" AS A PREAMBLE TO THE CORPORATION'S BYLAWS, 2)SIMPLIFYING A LEGAL REQUIREMENT FOR QUALIFYING TO BE A NOMINEE OR REMAIN AS DIRECTOR. IN DECEMBER 2013, CORPORATION'S BOARD OF DIRECTORS AMENDED THE CORPORATE BYLAWS TO PROVIDE FOR THE TERMINATION OF MEMBERSHIP OF COBB'S MEMBERS IN THE PATAULA DISTRICT AND AMEND THE BYLAWS TO REFLECT THE TRANSFER OF THE PATAULA DISTRICT BY REDUCING THE NUMBER OF GEOGRAPHICAL DISTRICTS OF COBB EMC FROM TEN (10) TO NINE (9) AND THE DELETION OF ALL REFERENCES TO "DISTRICT 10" IN THE BYLAWS. THIS RESOLUTION TOOK EFFECT UPON ADOPTION OF THE RESOLUTION BUT THE AMENDMENTS BECAME EFFECTIVE UPON THE TRANSACTION BEING CONSUMMATED ON DECEMBER 31, 2013. THE CORPORATION SOLD THE DISTRIBUTION AND GENERAL PLANT ASSETS OF ITS PATAULA DISTRICT ("THE PATAULA SERVICE TERRITORY") TO ANOTHER GEORGIA ELECTRIC COOPERATIVE EFFECTIVE DECEMBER 31, 2013 FOR A SUM OF 28,000,000. THE ASSETS WERE SOLD AT NET BOOK VALUE, AND AS A RESULT NO GAIN OR LOSS WAS RECORDED ON THE TRANSACTION. THE TRANSFER OF THE PATAULA SERVICE TERRITORY WAS APPROVED BY THE GEORGIA PUBLIC SERVICE COMMISSION ON DECEMBER 3, 2013. A COPY OF THE CURRENT BYLAWS IS ATTACHED TO THIS RETURN. ALSO ATTACHED TO THIS RETURN IS BOARD POLICY 613, ADOPTED APRIL 23, 2013, WHICH SETS FOR THE CRITERIA FOR THE DEVELOPMENT OF NEW COBB EMC POLICIES AND BOARD PROPOSED BYLAW CHANGES. 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 9 WILLIAM J. GRESHAM 1000 EMC PARKWAY MARIETTA, GA 30060 DAVID MCGINNIS 1000 EMC PARKWAY MARIETTA, GA 30060 LARRY CHADWICK 1000 EMC PARKWAY MARIETTA, GA 30060 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 ON AUGUST 27, 2013, THE BOARD OF DIRECTORS ADOPTED A CONFLICT OF INTEREST POLICY (POLICY 602), A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. ALSO ATTACHED TO THIS RETURN ARE THE 2013 CONFLICT OF INTEREST FORMS SIGNED BY ALL DIRECTORS, EXECUTIVE MANAGEMENT AND SENIOR VICE PRESIDENTS. FORM 990, PAGE 6, PART VI, LINE 15A ON AUGUST 27, 2013, THE BOARD OF DIRECTORS ADOPTED BOARD POLICY 903, TO USE IN REVIEWING AND DETERMINING THE CEO'S COMPENSATION. A COPY OF THIS POLICY IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, WAGE AND SALARY ADMINISTRATION POLICY. A COPY OF THE POLICY 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. FORM 990, PART XI, LINE 9 WHOLLY-OWNED SUBSIDIARY EARNINGS 13,151,224 LESS: MEMBERSHIP FEES 28,067 LESS: OTHER COMPREHENSIVE LOSS 3,494,596 LESS: CHANGE IN DONATED CAPITAL 114,368 LESS: CAPITAL CREDIT RETIREMENTS 122,220 LESS: PATCAP ASSUMED IN SALE OF PATAULA ASSETS 976,686 FORM 990, PAGE 12, PART XII, LINE 2C THE CORPORATION'S FISCAL YEAR IS APRIL 30TH. THE CORPORATION WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS AT APRIL 30, 2014 AND 2013. THE CORPORATION EXPENDED OVER 500,000 OF ITS FEDERAL AWARD DURING THE FISCAL YEAR ENDED APRIL 30, 2013 AND UNDERWENT A SINGLE AUDIT UNDER THE PROVISIONS OF THE SINGLE AUDIT ACT OF 1984 (AS AMENDED IN 1996) AND OMB CIRCULAR A- 133. IN ADDITION, THE CORPORATION'S FINANCIAL STATEMENTS ARE REVIEWED, AS PART OF CONSOLIDATED FINANCIAL STATEMENTS, BY AN INDEPENDENT ACCOUNTANT AT THE END OF EACH FISCAL QUARTER (JULY 31, OCTOBER 31 AND JANUARY 31). THE INTERIM QUARTERLY REVIEW REPORTS ARE MADE AVAILABLE TO ALL MEMBER-OWNERS ON THE CORPORATION'S WEBSITE. THE AFOREMENTIONED SERVICES ARE OVERSEEN BY THE CORPORATION'S AUDIT COMMITTEE. GAS SOUTH LLC PO BOX 4298 ATLANTA GA 30302 NAT GAS MA GA N/A C CORP 12746129 81568058 1.00000 false COBB ENERGY MANAGEMENT CORPORATION 1000 EMC PARKWAY MARIETTA GA 30060 582345061 HOLDING CO GA N/A C CORP 405095 435356 1.00000 false false true true false false true false false false false false false true false false false true false false GAS SOUTH LLC F 10982000 COST GAS SOUTH LLC Q 8843886 COST COBB ENERGY MANAGEMENT CORPORATION C 3805954 COST COBB ENERGY MANAGEMENT CORPORATION M 88198 COST SCHEDULE R RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (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, 2013 COBB ENERGY MANAGEMENT CORPORATION'S OPERATIONS ARE LIMITED PRIMARILY TO THE COLLECTION OF AN INSTALLMENT SALES AGREEMENT FOR THE SALE OF ITS WHOLLY-OWNED SUBSIDIARY, PROCORE SOLUTIONS, LLC. GAS SOUTH, LLC (GAS SOUTH) IS A CERTIFIED NATURAL GAS MARKETER IN THE STATE OF GEORGIA. AS SUCH, IT IS ALLOWED TO COMPETE TO SERVE CUSTOMERS WHO TAKE SERVICE ON ATLANTA GAS LIGHT'S (AGL) NATURAL GAS DISTRIBUTION PIPELINES WITHIN THE STATE OF GEORGIA. 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 CONSUMERS. AS OF DECEMBER 31, 2013, COBB EMC DIRECTORS BRYAN BOYD AND DAVID TENNANT WERE ON THE GAS SOUTH MANAGEMENT COMMITTEE. IN ADDITION, THE FOLLOWING MEMBERS OF COBB EMC MANAGEMENT WERE ON THE GAS SOUTH MANAGEMENT COMMITTEE: WILLIE T. NELSON (CHAIR), ROBERT D. STEELE AND DAVID JOHNSON.