2013-10-08T17:54:40-05:00 2012-12-31 BKD LLP 225 NORTH WATER ST SUITE 400 DECATUR IL 62523 990 2012-01-01 371013955 Prairie Power Inc % LYNDON GABBERT PRAI 2172456161 2103 South Main Street PO Box 61 Suite Jacksonville IL 626510610 Lyndon Gabbert 2172456161 2013-09-25 true 2174292411 2012 2016-02-25 16:41:14Z LYNDON GABBERT 2103 SOUTH MAIN ST JACKSONVILLE IL 626510610 127057614 false X WWW.PPI.COOP X 1963 IL PRAIRIE POWER, INC. IS A MEMBER-OWNED, NOT-FOR-PROFIT, ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE LOCATED IN JACKSONVILLE, ILLINOIS. 20 20 64 -15547 -15547 0 0 122465488 121539965 1270791 1903689 255468 191978 123991747 123635632 0 0 0 0 6567817 8713975 0 0 0 113037365 104682092 119605182 113396067 4386565 10239565 581880144 594695201 500990240 503558806 80889904 91136395 X PRAIRIE POWER, INC. IS A MEMBER-OWNED, NOT-FOR-PROFIT, ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE LOCATED IN JACKSONVILLE, ILLINIOS. PPI PRODUCES, PURCHASES AND DELIVERS ELECTRIC POWER AND ENERGY TO ITS 10 MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. PPI'S DISTRIBUTION COOPERATIVES PROVIDE RETAIL ELECTRIC SERVICE TO RESIDENTIAL, AGRICULTURAL, COMMERCIAL AND INDUSTRIAL CONSUMER-MEMBERS THROUGHOUT CENTRAL ILLINOIS. false false ELECTRIC PURCHASES - PURCHASED AND GENERATED KILOWATT HOURS OF ELECTRICITY FOR SALE TO MEMBER SYSTEMS. TRANSMISSION & DISTRIBUTION OF ELECTRICITY - TRANSMISSION AND DISTRIBUTION OF ELECTRICITY FROM THE GENERATOR TO OUR MEMBER SYSTEMS. false false false false false false false false false true true false false true false true false false false false false false false false false false false false true true false false false true false false false false false false false false false false false false true 29 0 true 64 true true true false false false false 116114496 7593328 false X 20 20 false false false false true true true true true false false true true true true true true true false false AZ CA IL IN NC X LYNDON GABBERT 2172456161 2103 SOUTH MAIN ST JACKSONVILLE IL 62651 X JIM THOMPSON 4.0 0.0 X X 0 0 ROBERT WILLIS 6.0 0.0 X 8350 0 ML CHRISTMAN 5.0 0.0 X X 0 0 SCOTT UPHOFF 1.0 0.0 X 2450 0 BRADLEY J LUDWIG 5.0 0.0 X 10800 0 WM DAVID CHAMPION JR 5.0 0.0 X 0 0 ROBERT DELP 4.0 0.0 X 0 0 ROBERT BROWN 7.0 0.0 X 9400 0 BRUCE GIFFIN 2.0 0.0 X 0 0 JERRY RIGGINS 6.0 0.0 X 8350 0 MICHAEL SMITH 3.0 0.0 X 0 0 MICHAEL E CARLS 5.0 0.0 X 10100 0 JAMES E COLEMAN 3.0 0.0 X 0 0 RICHARD BOGGS 4.0 0.0 X X 7650 0 JACK L CLARK 5.0 0.0 X X 10100 0 WILLIAM R DODDS 4.0 0.0 X 0 0 WILLIAM R NEWTON 5.0 0.0 X 9400 0 PAUL DION 4.0 0.0 X 0 0 LYNN FRASCO 8.0 0.0 X 0 0 THOMAS ZWICA 6.0 0.0 X 8350 0 JAMES BENZ 1.0 0.0 X 0 0 HAROLD LOY 1.0 0.0 X 1050 0 THOMAS MEEHAN III 1.0 0.0 X 0 0 ROBERT DWYER 1.0 0.0 X 0 0 GARY L MARTIN 1.0 0.0 X 0 0 DAVID K BIERY 1.0 0.0 X 0 0 DOUG DARBY 1.0 0.0 X 0 0 DAVID FINLEY 4.0 0.0 X 9050 0 JOHN M SCOTT 1.0 0.0 X 0 0 LYLE H NELSON 3.0 0.0 X 700 0 JOHN DALTON 40.0 0.0 X 194276 0 51417 LYNDON GABBERT 40.0 0.0 X 174398 0 41425 RANDALL FISHER 40.0 0.0 X 141714 0 42401 DANIEL BREDEN 40.0 0.0 X 166295 0 43230 ROBERT REYNOLDS 40.0 0.0 X 161746 0 47199 JAY BARTLETT 40.0 0.0 X 353401 0 140057 PHILLIP BREEZEEL 40.0 0.0 X 108951 38655 ALISHA ANKER 40.0 0.0 X 146076 0 32651 RICHARD CHAPMAN 40.0 0.0 X 156886 0 42432 WILLIAM G SEIPEL 40.0 0.0 X 169384 0 40622 REGINALD JOHNSON 40.0 0.0 X 107743 36788 CYNTHIA STILES 40.0 0.0 X 101174 0 28416 2077794 0 585293 12 false true false ASPLUNDH CONSTRUCTION CORP 708 BLAIR MILL RD WILLOW GROVE PA 19090 CONTRACTORS 308330 PAUL HASTINGS LLP 875-15TH STREET NW 1216 N 550TH AV WASHINGTON DC 20005 LEGAL COUNSEL 746043 TOTH ASSOCIATES INC 830 E PRIMROSE STE 200 SPRINGFIELD MO 658075211 CONSULTANTS 391277 NELSON TREE SERVICE INC PO BOX 634525 CINCINNATI OH 452634525 TREE TRIMMING SERV. 311762 BBC ELECTRICAL SERVICE INC 5467 S HWY 43 JOPLIN MO 64804 CONTRACTORS 2307627 9 0 DISTRIBUTION REVENUE 221000 1765688 1765688 ELECTRIC SALES 221000 119774277 119774277 121539965 1452664 1452664 0 0 14112 9821 4291 0 4291 4291 3863186 72192 3339969 -72192 523217 451025 451025 0 0 0 PATRONAGE CAPITAL REVENUE 900099 191313 191313 INVESTMENTS IN LLC'S 900099 -6926 -15547 8621 MISCELLANEOUS INCOME 900099 3300 3300 187687 123635632 121734578 -15547 1916601 X 0 0 0 0 2388966 0 3736069 0 2025721 563219 0 505539 71858 0 0 0 496437 34565 513706 265251 0 0 115015 0 49852 14158848 0 8991499 713372 ELECTRIC PURCHASES 62045105 GENERATION OPERATION & MAINT 7081192 LINE & STATION OPERATIONS 9500807 PROPERTY TAXES 134598 4448 113396067 1523730 13440858 27913398 1943701 0 0 9979818 11821681 3755 4997 0 0 522214 560292 3261874 4530953 2958499 5818118 566114957 56365927 37396964 509749030 0 0 38808322 39149159 0 0 0 0 459511570 7676412 581880144 594695201 12337208 13218145 0 0 0 0 51200000 51200000 0 0 0 0 423354191 427188728 0 0 14098841 11951933 500990240 503558806 X 0 0 0 0 80889904 91136395 80889904 91136395 581880144 594695201 X 10239565 6926 X false true X true false 8134534 8134534 109717057 24222823 85494234 448263366 32143104 416120262 509749030 GUARANTEE CERTIFICATES 4608000 C LOAN CAPITAL TERM CERTIFICATES 22260565 C CERTIFICATES 2252049 C PATRONAGE CAPITAL 5686157 C MISCELLANEOUS INVESTMENTS 4342388 C 39149159 0 DEFERRED MEMBER REVENUES 4719706 FINANCIAL TRANSMISSION RIGHTS 376372 ASSET RETIREMENT OBLIGATION 6855855 11951933 119428702 377958 377958 119050744 4584888 4584888 123635632 109182211 371032 371032 108811179 4584888 4584888 113396067 OTHER REVENUE INCLUDED ON LINE 1 BUT NOT ON FORM 990 SCHEDULE D, PART XI, LINE 2D ARO $371,032 LOSSES FROM INVESTMENTS IN LLC'S 6,926 TOTAL $377,958 OTHER REVENUE INCLUDED ON FORM 990 BUT NOT ON LINE 1 SCHEDULE D, PART XI, LINE 4B MISO SALES $4,584,888 OTHER EXPENSES INCLUDED ON LINE 1 BUT NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D ARO $371,032 OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT ON LINE 1 SCHEDULE D, PART XII, LINE 4B MISO SALES $4,584,888 UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 THE COOPERATIVE ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF ASC 740-10, NO UNCERTAIN TAX POSITIONS HAVE BEEN RECOGNIZED. X X X X false true false JOHN DALTON 183818 0 10458 0 0 0 46550 0 4867 0 245693 0 0 0 LYNDON GABBERT 164648 0 9750 0 0 0 40515 0 910 0 215823 0 0 0 RANDALL FISHER 137338 0 4376 0 0 0 33709 0 8692 0 184115 0 0 0 DANIEL BREDEN 150815 0 15480 0 0 0 37502 0 5728 0 209525 0 0 0 ROBERT REYNOLDS 147811 0 13935 0 0 0 37597 0 9602 0 208945 0 0 0 JAY BARTLETT 343401 0 10000 0 0 0 130865 0 9192 0 493458 0 0 0 ALISHA ANKER 136609 0 9467 0 0 0 32651 0 0 0 178727 0 0 0 RICHARD CHAPMAN 151865 0 5021 0 0 0 36964 0 5468 0 199318 0 0 0 WILLIAM G SEIPEL 150256 0 19128 0 0 0 34764 0 5858 0 210006 0 0 0 NONQUALIFIED RETIREMENT PLAN PART I, QUESTION 4B THE PRESIDENT/CEO JAY BARTLETT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR 2012 BUT DID NOT RECEIVE ANY DISTRIBUTIONS. A ILLINOIS FINANCE AUTHORITY 861091967 45203GAA2 2008-11-14 51200000 SOLID WASTE DISPOSAL FACILITIES false false false A 0 0 51200000 2560000 4389594 0 1024000 400833 0 42825573 0 0 2012 false false true true A false false false false 0 false false false false A false false false true false false 0 false 0 false false A false SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION WAS PERFORMED ON APRIL 2, 2013 JAY BARTLETT EMPLOYEE COMPUTER X 9140 4418 false true true ALISHA ANKER EMPLOYEE COMPUTER X 3393 579 false true true 4997 COMPUTER LOAN PROGRAM SCHEDULE L PART II PRAIRIE POWER INSTITUTED AN ORGANIZATION-WIDE COMPUTER LOAN PROGRAM THAT FACILITATES THE PURCHASE OF COMPUTERS FOR ITS EMPLOYEES AND DIRECTORS HOME USE. THESE LOANS ARE PROVIDED TO ALL EMPLOYEES AND DIRECTORS; THE OFFICERS/DIRECTORS/HIGHEST COMPENSATED EMPLOYEES LISTED REPRESENT THE INTERESTED PERSONS WHO PARTICIPATED IN THE PROGRAM. MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS THAT CONSIST OF TEN ELECTRIC DISTRIBUTION COOPERATIVES IN ILLINOIS. GOVERNING BODY ELECTION FORM 990, PART VI, LINE 7A EACH DISTRIBUTION COOPERATIVE MEMBER OF PPI NOMINATES TWO PERSONS TO SERVE AS DIRECTORS OF PPI AND ONE PERSON TO SERVE AS AN ALTERNATE DIRECTOR OF PPI TO ACT IN THE ABSENCE OF A DIRECTOR. THE MEMBERS OF PPI ELECT THE DIRECTORS AND ALTERNATE DIRECTORS AT THE ANNUAL MEETING OF MEMBERS OF PPI. GOVERNING BODY APPROVAL FORM 990, PART VI, LINE 7B CERTAIN ACTIONS OF PPI, E.G. MERGER, CONSOLIDATION OR SALE OF SUBSTANTIALLY ALL OF THE ASSETS OF PPI OUTSIDE OF THE ORDINARY COURSE OF BUSINESS, REQUIRE APPROVAL OF PPI'S ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY MANAGEMENT OF PPI. IN ADDITION, THE FORM 990 WAS REVIEWED BY THE PPI FINANCE/LEGAL COMMITTEE, WHICH REPORTED ON THIS REVIEW TO THE FULL BOARD OF DIRECTORS. AFTER THE REVIEW, EVERY MEMBER OF THE BOARD OF DIRECTORS WAS PROVIDED WITH A COPY OF THE FORM 990. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12 PPI'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE MUST ANNUALLY COMPLETE, SIGN, AND SUBMIT THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, LINE 15 THE PRESIDENT AND CEO HAS A WRITTEN EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF DIRECTORS. ANNUALLY THIS EMPLOYMENT CONTRACT IS REVIEWED AND MAY BE REVISED. IN ESTABLISHING THE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD OF DIRECTORS REVIEWS INFORMATION AVAILABLE THROUGH INDUSTRY ORGANIZATIONS, INCLUDING THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE PRESIDENT AND CEO REVIEW IS CONDUCTED ANNUALLY IN MAY BY THE BOARD OF DIRECTORS. THE SALARIES OF OTHER STAFF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND CEO. THE PRESIDENT AND CEO IS PROVIDED NUMEROUS WAGE SURVEYS AS GUIDANCE. ADDITIONALLY, THE PPI BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET. THE PRESIDENT AND CEO IS TO DETERMINE SALARIES WITHIN THE BUDGET AMOUNT PROVIDED BY THE BOARD. THESE COMPENSATION REVIEWS ARE CONDUCTED ANNUALLY IN SEPTEMBER BY THE SUPERVISORS AND PRESIDENT/CEO. DOCUMENT AVAILABILITY FORM 990, PART VI, LINE 19 PRAIRIE POWER, INC. MAINTAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IN A CENTRAL LOCATION AT THE ORGANIZATION'S HEADQUARTERS. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AND SHALL BE ISSUED AT THE ORGANIZATION'S DISCRETION. LEGAL EXPENSES FORM 990, PART VII, SECTION B THE LEGAL FEES REPORTED IN PART IX OF THE FORM 990 REPRESENT LEGAL EXPENSES ACTUALLY EXPENSED IN 2012. ON PART VII, SECTION B OF THE FORM 990, PPI REPORTS $746,043 IN LEGAL EXPENSES PAID TO INDEPENDENT CONTRACTORS. EMPLOYEE BENEFITS FORM 990, PART IX, LINE 9 THE EMPLOYEE BENEFIT EXPENDITURE REPORTED ON LINE 9 INCLUDES THE ORGANIZATION'S PENSION PLAN EXPENSES; HOWEVER, THE CURRENT ACCOUNTING FOR THESE AMOUNTS IS NOT IN A FORMAT THAT WOULD PERMIT AN ALLOCATION BETWEEN LINES 8 AND 9 AT THIS TIME. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 LOSSES FROM INVESTMENTS IN LLC'S $6,926