2013-05-07T11:34:02-07:00 2012-12-31 990 2012-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823532 PO Box 2750 Durango CO 813022750 Dennis Svanes 9703823589 2013-04-26 2012 2016-02-25 16:41:14Z Greg Munro PO Box 2750 Durango CO 81302 99341109 0 X www.lpea.coop X 1939 CO To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 12 12 112 0 -2849241 0 0 100000 95268654 97706702 407823 597786 4906665 737497 100583142 99141985 0 0 6547236 1672603 930417 897201 0 0 0 93105489 96572181 100583142 99141985 0 0 287364168 315037167 161692354 190960093 125671814 124077074 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 LPEA is an electric distribution system with 40,701 services and 3,606 miles of line. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 80 0 1 112 1 0 0 0 0 0 97706702 1335283 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X Dennis Svanes 9702475786 45 Stewart Street Durango CO 81302 Jerry McCaw 4.08 0 X 14800 0 0 Tom Compton 7.2 0 X 18000 0 0 Joseph Wheeling 5.92 0 X 16600 17800 0 Hollis K Fox 4.11 0 X 19800 0 0 Herb Brodsky 4.32 0 X 11600 0 0 Harry Goff 3.78 0 X 13200 0 0 Britt Bassett 4.12 0 X 10400 0 0 Heather Erb 4.22 0 X 12400 0 0 Jeffrey A Berman 4.98 0 X 16400 0 0 Davin Montoya 4.15 0 X 16400 0 0 Robert Formwalt 7.87 0 X 18000 0 0 Lindon Stewart 5.94 0 X 17400 0 0 Robert Lieb 3.2 0 X 5800 0 0 Pam Patton 7.5 0 X 8000 0 0 Greg Munro 60 0 X X 202529 0 22008 Dennis Svanes 50 0 X X 158129 0 17642 Mark Schwantes 50 0 X 149092 0 14702 Ron Meier 50 0 X 146859 0 14702 Steve Gregg 50 0 X 137700 0 10913 Dan Harms 50 0 X 120316 0 12483 John Hahn 50 0 X 115874 0 0 1229299 17800 92450 20 0 1 0 Western Energy Services Durango 361 S Camino Del Rio Durango CO 81303 Line Maintenance and Installation 3425870 Colorado Powerline Inc PO BOX 937 Sedalia CO 80135 Line Construction 966041 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming 839756 Timberline Construction Inc PO Box 1156 Rapid City SD 57709 Construction Services 751461 Richardson Construction 3940 County Rd 119 Hesperus CO 81326 Construction Services 598978 7 0 0 0 0 100000 0 0 100000 Electric Energy Revenue and Patronage Capital 221000 97706702 97706702 0 0 0 0 0 0 97706702 597786 0 0 597786 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 236754 199124 37630 37630 0 0 Capital Credits 221000 3433103 3433103 0 0 Gain from Subsidiaries 900003 -2849241 0 -2849241 0 Other Revenue 221000 116005 116005 0 0 0 0 0 0 699867 99141985 101293440 -2849241 597786 0 0 0 1672603 897201 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4442732 0 8979743 0 Purchased Power 67891668 Customer & Sales Expense 4197514 Operating Expenses 8844052 Administration & General Expenses 2216472 0 99141985 0 0 0 9303944 5327462 31275192 12050253 12800931 1539574 1640701 490999 775232 279548784 91427170 187506185 188121614 0 76473213 75096035 0 0 0 287364168 315037167 7237470 7087946 102449787 134520726 52005097 49351421 161692354 190960093 X 0 0 0 0 125671814 124077074 125671814 124077074 287364168 315037167 X 0 0 0 0 0 -1594740 X 0 1 X 1 0 1112878 0 1112878 12414492 0 8222743 4191749 0 0 0 0 10057332 0 7951945 2105387 255964082 0 75252482 180711600 188121614 0 0 Investment in Pathnet 173433 F Tri-State Patronage Capital 66959372 C Investment in Subsidiaries 3982642 C Other Patronage Capital and CFC Investments 3980588 C 75096035 0 Consumer Deposits 960904 Current Maturities of Long Term Debt 5612574 Other Current and Accrued Liabilities 4780121 Other Deferred Credits 37997822 49351421 99141985 0 0 0 0 0 99141985 0 0 0 99141985 100636725 0 0 0 0 0 100636725 0 -1494740 -1494740 99141985 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b The entire 2012 margin was included in Part IX Statement of Functional Expenses, line 4, but was not an actual expense. X X 1 1 X X X X 0 0 0 Greg Munro 200549 0 0 0 1980 0 22008 0 0 0 224537 0 19455 0 Dennis Svanes 152914 0 4915 0 300 0 17642 0 0 0 175771 0 16985 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The spouse is allowed to travel with the CEO on business travel up to four trips per year for NRECA, CREA, and CFC functions. Also, LPEA will pay a portion of health club dues for all employees. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 An independent third party provides salary comparison reports from data gathered from other similar cooperatives. All compensation changes are reviewed and approved by the Executive Committee; the Board of Directors give final approval. Annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. Tri-State Transmission & Generation Association Joe Wheeling - Director 67891668 Power Supplier 0 Western United Electical Supply Bob Formwalt - Director 2436450 Electical Supplies 0 Colorado Rural Electric Association Tom Compton - Director 298800 Electric Coop Support Organization 0 FastTrack Communications Robert Lieb - Director 22348 Communication 0 FastTrack Communications Pam Patton - Director 22348 Communications 0 FastTrack Communications Joe Wheeling - Director 22348 Communication 0 Western Energy Services of Durango Jerry McCaw - Director 3425870 Line Construction 0 Western Energy Services of Durango Davin Montoya - Director 3425870 Line Construction 0 Western Energy Services of Durango Harry Goff - Director 3425870 Line Construction 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 La Plata Electric is a member owned cooperative. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a All directors on the board are elected by a majority vote of the cooperative's member-owners. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Financial Controller and is then reviewed by the Chief Financial Officer and the Chief Executive Officer. Only after approval by the CFO and CEO is the Form 990 filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Employees are educated annually. Any conflicts of interest are discussed by the Board of Directors annually. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 An independent third party provides salary comparison reports from data gathered from other similar cooperatives. All compensation changes are reviewed and approved by the Executive Committee; the Board of Directors give final approval. Annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Several documents are available on the LPEA website, www.lpea.coop. Any documents not available on the website are provided upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Retirement of Patronage Capital in 2012 and allocation of 2012 margins in 2013. Western Energy Services of Durango Inc 361 S Camino Del Rio Durango CO 81303 841497589 Line Maintenance and Installation CO N/A C -3136865 354133 1 0 FastTrack Communications 779 Tech Center Drive Durango CO 81301 841610295 Telecommunications for Business CO N/A C 287624 3628509 0.7625 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Western Energy Services of Durango Inc r 3425870 FastTrack Communications r 22348 Western Energy Services of Durango Inc s 15798 FastTrack Communications s 20424