2014-11-10T16:40:23-06:00 2013-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-01-01 381326766 WOLVERINE POWER SUPPLY COOPERATIVE INC WOLV 2317755700 10125 W WATERGATE ROAD PO BOX 229 CADILLAC MI 49601 RICHARD R KEHL CONTROLLER 2317755700 2014-11-07 1 LU ANN TRAPP CPA P01506476 3122071040 2014-11-07 2013 2015-11-30 17:44:51Z ERIC D BAKER 10125 W WATERGATE ROAD PO BOX 229 CADILLAC MI 49601 377870159 0 X WWW.WPSCI.COM X 1983 MI TO PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS BY DELIVERING RELIABLE, COMPETITIVE POWER SUPPLY. 14 0 134 0 43751507 -23328756 0 0 333231365 331941774 184134 143152 47229834 44391510 380645333 376476436 0 0 0 0 4591017 5139564 0 0 0 356091697 350085302 360682714 355224866 19962619 21251570 498341082 636905682 344589223 465184481 153751859 171721201 TO PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS BY DELIVERING RELIABLE, COMPETITIVE POWER SUPPLY. 0 0 WOLVERINE POWER SUPPLY COOPERATIVE, INC. IS A MICHIGAN NONPROFIT COOPERATIVE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING ELECTRIC POWER TO ITS MEMBERS. WOLVERINE SUPPLIES WHOLESALE ELECTRIC POWER TO SEVEN MEMBERS:CHERRYLAND ELECTRIC COOPERATIVE GREAT LAKES ENERGY HOMEWORKS TRI-COUNTY ELECTRIC COOPERATIVE PRESQUE ISLE ELECTRIC & GAS CO-OP WOLVERINE POWER MARKETING COOPERATIVESPARTAN RENEWABLE ENERGY, INC.MIDWEST ENERGY COOPERATIVE 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 155 0 1 134 1 1 1 0 0 0 0 56917693 -23180087 0 X 14 0 0 0 1 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 MI X RICHARD R KEHL 2317755700 10125 W WATERGATE RD CADILLAC MI 49601 JERRY AKERS TREASURER 8.00 X X 23750 0 3843 ALLEN BARR DIRECTOR 8.00 X 25700 0 4159 JOHN BROWN DIRECTOR 8.00 X 24700 0 3997 PAUL BYL SECRETARY 6.00 X X 19295 450 3122 MICHAEL MCDONALD DIRECTOR 2.00 X 21700 450 3512 JOHN POPE DIRECTOR 4.00 X 24200 450 3916 RICHARD WALSWORTH CHAIRMAN 9.00 1.00 X X 32100 0 5195 WAYNE SWILER DIRECTOR 8.00 X 22700 0 3673 RICHARD DENEWETH VICE CHAIRMAN 4.00 1.00 X X 24450 0 3957 RON ARMSTRONG DIRECTOR 4.50 X 7200 0 1165 CLARENCE BARTH DIRECTOR 6.00 X 6700 0 1084 MELINDA LAUTNER DIRECTOR 6.00 X 17640 0 2855 ROBERT THUROW DIRECTOR 4.00 X 22200 0 3593 DEAN FLORIA DIRECTOR 8.00 X 22700 0 3673 ERIC D BAKER PRESIDENT/CEO 55.00 1.00 X 629238 0 65506 JANET KASS CHIEF FINANCIAL OFFICER 49.00 1.00 X 230500 0 47739 DANIEL DECOEUR CHIEF OPERATING OFFICER 49.00 1.00 X 211876 0 48505 CRAIG BORR EXECUTIVE VICE PRESIDENT 53.00 X 352171 0 65506 DANNY JANWAY VP CONSTRUCTION 45.00 X 191768 0 49282 CRAIG S BORTON VP HUMAN RESOURCES 44.00 X 188545 0 45651 KIMBERLY B MOLITOR VP EXTERNAL AFFAIRS 51.00 X 184463 0 41394 BRIAN L WARNER VP ENVIRONMENTAL STRATEGY 50.00 X 169448 0 38858 BRIAN E VALICE STAFF ATTORNEY 48.00 1.00 X 149412 0 39510 DANIEL M WILKINSON MANAGER OF ENGINEERING 48.00 X 146720 0 36144 RICHARD R KEHL CONTROLLER 53.00 X 133237 0 29839 DAVID N ROBINETTE MANAGER OF PRODUCTION 41.00 X 113078 0 33398 JAMES TUCKER CHIEF OPERATOR 50.00 X 112418 0 29059 ALLAN BRUDER FORMER DIRECTOR 0.00 X 18000 0 2913 GLEN ALSOBROOKS FORMER DIRECTOR 0.00 X 18000 0 2913 LAVERNE HANSON FORMER DIRECTOR 0.00 X 18000 0 2913 BETTY REYNOLDS-MACIEJEWSKI FORMER DIRECTOR 0.00 X 18000 0 2913 FRED VERMEERSCH FORMER DIRECTOR 0.00 X 18000 0 2913 3197909 1350 632700 16 1 1 0 FISHBECK THOMPSON CARR & HUBER INC 1515 ARBORETUM DRIVE SE GRAND RAPIDS MI 49546 ENVIRONMENTAL CONSULTING 517557 DYKEMA GOSSETT PLLC DEPT CH 16382 PALATINE IL 600556382 LEGAL SERVICES 396411 FULBRIGHT & JAWORSKI LLP 801 PENNSYLVANIA AVE NW WASHINGTON DC 200042623 LEGAL SERVICES 304491 SUTHERLAND ASBILL & BRENNEN LLP 999 PEACHTREE STREET NE ATLANTA GA 303093996 LEGAL SERVICES 211754 WARNER NORCROSS & JUDD 900 FIFTH THIRD CENTER 111 LYON ST GRAND RAPIDS MI 495032487 LEGAL SERVICES 138802 7 SALES TO MEMBERS 221000 304426643 304426643 MICHIGAN JOINT ZONE 221000 27515131 27515131 331941774 1250932 607161 643771 285943 1393723 -1107780 -1107780 -1107780 NON-MEMBER SALES 221000 43751507 43751507 MANAGEMENT FEE 900099 325606 325606 OTHER REVENUE 900099 314397 314397 44391510 376476436 332874541 43751507 -149612 3007792 763142 485890 660727 222013 276680 72100 290312 13568916 15424384 PURCHASED POWER 223749737 NON-MEMBER EXPENSES 67080262 POWER GENERATION 12142642 PROPERTY TAXES 8566905 8913364 355224866 2023643 90225039 7984348 7982322 30448115 30006358 16405922 19758243 7883351 11707436 565612969 165850337 378447336 399762632 52374184 73893676 1545914 2385198 1228269 1184778 498341082 636905682 40699708 37199336 268484581 422319945 2192860 1612208 33212074 4052992 344589223 465184481 X 0 0 2000 2000 153749859 171719201 153751859 171721201 498341082 636905682 X 21251570 -3282227 X 0 1 X 1 0 X 1 3.00 0 0 1 0 1.00 0 11290436 11290436 20860381 20860381 527799423 165850337 361949086 5662729 5662729 399762632 INVESTMENT IN SUBSIDIARY 33507842 C CAPITAL TERM CERTIFICATES 10078196 C PATRONAGE CAPITAL CREDIT 3368623 C OTHER 26939015 C 73893676 PROVISION FOR POST-RETIREMENT BENEFITS 2902792 OTHER LONG-TERM LIABILITIES 1150200 4052992 X X X 0 1 0 ERIC D BAKER PRESIDENT/CEO 419546 0 200000 0 9692 0 40290 0 25216 0 694744 0 0 0 JANET KASS CHIEF FINANCIAL OFFICER 200910 0 29590 0 0 0 32232 0 15507 0 278239 0 0 0 DANIEL DECOEUR CHIEF OPERATING OFFICER 177629 0 28920 0 5327 0 27176 0 21329 0 260381 0 0 0 CRAIG BORR EXECUTIVE VICE PRESIDENT 281994 0 60000 0 10177 0 40290 0 25216 0 417677 0 0 0 DANNY JANWAY VP CONSTRUCTION 174634 0 3982 0 13152 0 27966 0 21316 0 241050 0 0 0 CRAIG S BORTON VP HUMAN RESOURCES 156275 0 28589 0 3681 0 25201 0 20450 0 234196 0 0 0 KIMBERLY B MOLITOR VP EXTERNAL AFFAIRS 147871 0 33398 0 3194 0 23858 0 17536 0 225857 0 0 0 BRIAN L WARNER VP ENVIRONMENTAL STRATEGY 131318 0 27888 0 10242 0 19750 0 19108 0 208306 0 0 0 BRIAN E VALICE STAFF ATTORNEY 126487 0 22925 0 0 0 20540 0 18970 0 188922 0 0 0 DANIEL M WILKINSON MANAGER OF ENGINEERING 132602 0 12985 0 1133 0 20540 0 15604 0 182864 0 0 0 RICHARD R KEHL CONTROLLER 123027 0 2786 0 7424 0 19434 0 10405 0 163076 0 0 0 ALLAN BRUDER FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2913 0 20913 0 0 0 GLEN ALSOBROOKS FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2913 0 20913 0 0 0 LAVERNE HANSON FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2913 0 20913 0 0 0 BETTY REYNOLDS-MACIEJEWSKI FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2913 0 20913 0 0 0 FRED VERMEERSCH FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2913 0 20913 0 0 0 PART I, LINE 4B THE PRESIDENT/CEO AND EXECUTIVE VICE PRESIDENT PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. NEITHER RECEIVED ANY PAYMENTS FROM THE PLAN DURING 2013. FORM 990, PART VI, SECTION A, LINE 4 ON APRIL 11, 2013, AT WOLVERINE'S ANNUAL MEMBER MEETING, WOLVERINE'S MEMBERS AMENDED ARTICLE V, SECTION 1, OF WOLVERINE'S BYLAWS, REPLACING THE REQUIREMENT FOR MONTHLY MEETINGS WITH A MINIMUM OF TEN MEETINGS PER YEAR. ALSO, WOLVERINE'S BOARD OF DIRECTORS AMENDED ARTICLE VI, SECTION 2(A) OF WOLVERINE'S BYLAWS AT ITS APRIL 25, 2013, REGULAR BOARD MEETING, REQUIRING THE ELECTION BY THE WOLVERINE BOARD ON THE OCCURRENCE OF A VACANCY IN THE OFFICE OF THE CHAIRMAN. FORM 990, PART VI, SECTION A, LINE 6 MEMBER OWNERS FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF EACH OF WOLVERINE'S MEMBERS APPOINTS TWO OF THEIR DIRECTORS TO SERVE ON WOLVERINE'S BOARD. FORM 990, PART VI, SECTION A, LINE 7B WHILE WOLVERINE'S BOARD OF DIRECTORS ARE EMPOWERED TO MAKE MOST BUSINESS DECISIONS, A FEW KEY DECISIONS MUST BE MADE BY A MAJORITY VOTE OF WOLVERINE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE CFO AND CONTROLLER REVIEWED FORM 990 IN OCTOBER 2014 IN DETAIL. THE VICE PRESIDENT OF HUMAN RESOURCES REVIEWED THE EMPLOYEE COMPENSATION INFORMATION IN DETAIL IN OCTOBER 2014. THE PRESIDENT/CEO REVIEWED THE GENERAL CONTENT OF FORM 990 IN OCTOBER 2014. THE 990 WAS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW IN OCTOBER 2014 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ON AN ANNUAL BASIS UTILIZING AN INDEPENDENT CONSULTANT WHO PROVIDES DATA FROM A VARIETY OF NATIONAL COMPENSATION SURVEYS THAT FOCUS ON ELECTRIC UTILITIES INCLUDING GENERATION AND TRANSMISSION COOPERATIVES. SALARIES FOR ALL NON-UNION EMPLOYEES ARE DETERMINED INDIVIDUALLY ON AN ANNUAL BASIS FOLLOWING A FORMAL EMPLOYEE EVALUATION. SALARY RANGES ARE REVIEWED EVERY OTHER YEAR BY AN INDEPENDENT CONSULTANT TO ENSURE INTERNAL PAY EQUITY AND EXTERNAL COMPETITIVENESS. COMPENSATION SURVEYS ARE UTILIZED IN DETERMINING SALARY RANGES FOR NON-UNION EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2012. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN POST-RETIREMENT LIABILITY 292,773. RETIREMENT OF PATRONAGE CAPITAL -3,575,000. PENINSULA GENERATION COOPERATIVE 10125 W WATERGATE RD CADILLAC MI 49601 273659272 POWER SUPPLIER MI 501(C)(12) WOLVERINE POWER SUPPLY COOPERATIVE INC 1 SPARTAN RENEWABLE ENERGY INC 10125 WEST WATERGATE ROAD CADILLAC MI 49601 205990509 ALTERNATIVE ELECTRIC SUPPLIER MI WOLVERINE POWER SUPPLY COOPERATIVE C 156611 1104430 0.90910 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 SPARTAN RENEWABLE ENERGY L 5116849 MWH SOLD PENINSULA GENERATION COOPERATIVE Q 43639 FMV OF SERVICES PENINSULA GENERATION COOPERATIVE S 5060000 RETURN OF PAID IN CAPITAL PENINSULA GENERATION COOPERATIVE M 53352640 MWH PURCHASED SPARTAN RENEWABLE ENERGY F 5000 DIVIDEND RECEIVED SPARTAN RENEWABLE ENERGY Q 35013 FMV OF SERVICES