2012-08-31T10:39:03-05:00 2011-12-31 BKD LLP 225 NORTH WATER ST SUITE 400 DECATUR IL 62523 990 2011-01-01 371013955 Prairie Power Inc % LYNDON GABBERT PRAI 2172456161 2103 South Main Street PO Box 61 Jacksonville IL 626510610 LYNDON GABBERT 2172456161 2012-08-17 true 2174292411 2011 2016-02-24 21:20:13Z LYNDON GABBERT 2103 SOUTH MAIN ST JACKSONVILLE IL 626510610 124129020 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 62 0 -13405 -13405 0 0 119263938 122465488 1626068 1270791 376687 255468 121266693 123991747 0 0 0 0 6489732 6567817 0 0 0 109359726 113037365 115849458 119605182 5417235 4386565 550646370 581880144 474225278 500990240 76421092 80889904 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 true true false true 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 false true 39 0 true 62 true true true false false false false 118460566 5531181 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 X X 0 0 0 ROBERT WILLIS 6.0 X 10450 0 0 ML CHRISTMAN 5.0 X X 0 0 0 SCOTT UPHOFF 1.0 X 0 0 0 BRADLEY J LUDWIG 5.0 X 9400 0 0 WM DAVID CHAMPION JR 5.0 X 0 0 0 ROBERT DELP 4.0 X 0 0 0 ROBERT BROWN 7.0 X 11150 BRUCE GIFFIN 2.0 X 0 0 0 JERRY RIGGINS 6.0 X 10450 0 0 MICHAEL SMITH 3.0 X 0 0 0 MICHAEL E CARLS 5.0 X 11850 0 0 JAMES E COLEMAN 3.0 X 0 0 0 RICHARD BOGGS 4.0 X X 10100 0 0 JACK L CLARK 5.0 X X 10800 0 0 WILLIAM R DODDS 4.0 X 0 0 0 WILLIAM R NEWTON 5.0 X 10100 0 0 PAUL DION 4.0 X 0 0 0 LYNN FRASCO 8.0 X 0 0 0 THOMAS ZWICA 6.0 X 11150 0 0 JAMES BENZ 1.0 X 0 0 0 HAROLD LOY 1.0 X 0 0 0 THOMAS MEEHAN III 1.0 X 700 0 0 ROBERT DWYER 1.0 X 0 0 0 GARY L MARTIN 1.0 X 700 0 0 DAVID K BIERY 1.0 X 0 0 0 JAMES HOLEVOET 1.0 X 0 0 0 DAVID FINLEY 4.0 X 12200 0 0 JOHN M SCOTT 1.0 X 700 0 0 LYLE H NELSON 3.0 X 1400 0 0 JOHN DALTON 40.0 X 180718 0 45579 LYNDON GABBERT 40.0 X 159544 0 37849 RANDALL FISHER 40.0 X 135890 0 37903 GREGORY NIEMAN 40.0 X 136231 0 35047 DANIEL BREDEN 40.0 X 147139 0 39252 JAY BARTLETT 40.0 X 364010 0 81293 ROBERT REYNOLDS 40.0 X 147463 0 41210 PHILLIP BREEZEEL 40.0 X 106703 0 34325 ALISHA ANKER 40.0 X 121888 0 31831 RICHARD CHAPMAN 40.0 X 176604 0 38193 WILLIAM G SEIPEL 40.0 X 139665 0 35222 1927005 0 457704 12 false true false ACES POWER MARKETING 4140 W 99TH ST CARMEL IN 46032 MARKET CONSULTANTS 428065 PAUL HASTINGS LLP 875-15TH STREET NW 1216 N 550TH AV WASHINGTON DC 20005 LEGAL COUNSEL 310568 TOTH ASSOCIATES INC 830 E PRIMROSE STE 200 SPRINGFIELD MO 658075211 CONSULTANTS 425036 NELSON TREE SERVICE INC PO BOX 634525 CINCINNATI OH 452634525 TREE TRIMMING SERV. 278634 BBC ELECTRICAL SERVICE INC 5467 S HWY 43 JOPLIN MO 64804 CONTRACTORS 1641680 7 0 DISTRIBUTION REVENUE 221000 1532943 1532943 ELECTRIC SALES 221000 120932545 120932545 122465488 1217316 1217316 0 0 110991 32920 78071 78071 78071 157828 104353 53475 53475 53475 0 0 0 PATRONAGE CAPITAL REVENUE 900099 259644 259644 INVESTMENTS IN LLC'S 900099 -82247 -13405 -68842 177397 123991747 122725132 -13405 1280020 X 0 0 0 0 1511605 0 2928912 0 1747092 380208 0 546923 58474 0 0 0 250152 39945 196511 85802 0 0 119017 0 71112 2090086 0 3539098 549696 ELECTRIC PURCHASES 93253628 GENERATION OPERATION & MAINT 2005554 LINE & STATION OPERATIONS 10148502 PROPERTY TAXES 82865 119605182 10090082 1523730 67864555 27913398 0 0 10931946 9979818 4674 3755 0 0 583848 522214 3493453 3261874 3173108 2958499 103180029 65783065 35328740 37396964 0 0 46532966 38808322 0 0 0 0 372642998 459511570 550646370 581880144 12097258 12337208 0 0 0 0 47993686 51200000 0 0 0 0 393444574 423354191 0 0 20689760 14098841 474225278 500990240 X 0 0 0 0 76421092 80889904 76421092 80889904 550646370 581880144 X 4386565 82247 X false true true X false 5291575 5291575 47708954 38024309 9684645 50179500 27758756 22420744 37396964 GUARANTEE CERTIFICATES 4608000 C LOAN CAPITAL TERM CERTIFICATES 22541257 C CERTIFICATES 2252049 C PATRONAGE CAPITAL 4813981 C MISCELLANEOUS INVESTMENTS 4593035 C 38808322 CONSTRUCTION IN PROGRESS 459451570 DEFERRED DEBITS 60000 459511570 0 DEFERRED MEMBER REVENUES 4324662 DEFERRED REVENUE FROM ASSET RE 371031 FINANCIAL TRANSMISSION RIGHTS 508865 MEMBER BUYOUT PAYMENTS 1958562 ASSET RETIREMENT OBLIGATION 6935721 14098841 123991747 119605182 4386565 82247 82247 4468812 120594223 453279 453279 120140944 3850803 3850803 123991747 116125411 371032 371032 115754379 3850803 3850803 119605182 OTHER CHANGES IN NET ASSETS SCHEDULE D, PART XI, LINE 8 LOSSES FROM INVESTMENTS IN LLC'S $82,247 OTHER REVENUE INCLUDED ON LINE 1 BUT NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D ARO $371,032 LOSSES FROM INVESTMENTS IN LLC'S 82,247 TOTAL $453,279 OTHER REVENUE INCLUDED ON FORM 990 BUT NOT ON LINE 1 SCHEDULE D, PART XII, LINE 4B MISO SALES $3,850,803 OTHER EXPENSES INCLUDED ON LINE 1 BUT NOT ON FORM 990 SCHEDULE D, PART XIII, LINE 2D ARO $371,032 OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT ON LINE 1 SCHEDULE D, PART XIII, LINE 4B MISO SALES $3,850,803 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 true true X X X X false true false JOHN DALTON 179335 0 0 0 1383 0 41658 0 3921 0 226297 0 0 0 LYNDON GABBERT 158355 0 0 0 1189 0 36289 0 1560 0 197393 0 0 0 RANDALL FISHER 125183 0 0 0 10707 0 30164 0 7739 0 173793 0 0 0 GREGORY NIEMAN 133354 0 0 0 2877 0 31191 0 3856 0 171278 0 0 0 DANIEL BREDEN 143505 0 0 0 3634 0 33802 0 5450 0 186391 0 0 0 ROBERT REYNOLDS 137310 0 3118 0 7035 0 32951 0 8259 0 188673 0 0 0 JAY BARTLETT 322126 0 30909 0 10975 0 73314 0 7979 0 445303 0 0 0 ALISHA ANKER 121301 0 0 0 587 0 28191 0 3640 0 153719 0 0 0 RICHARD CHAPMAN 140692 0 23614 0 12298 0 33133 0 5060 0 214797 0 0 0 WILLIAM G SEIPEL 128798 0 3793 0 7074 0 30162 0 5060 0 174887 0 0 0 HOUSING ALLOWANCE PART I, QUESTION 1A RICHARD CHAPMAN WAS REIMBURSED FOR RENT ON AN APARTMENT DURING HIS RELOCATION TRANSITION. THE REIMBURSEMENT WAS TREATED AS TAXABLE COMPENSATION. NONQUALIFIED RETIREMENT PLAN PART I, QUESTION 4B THE PRESIDENT/CEO JAY BARTLETT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR 2011 BUT DID NOT RECEIVE ANY DISTRIBUTIONS. ILLINOIOS FINANCE AUTHORITY 861091967 45203GAA2 2008-11-14 51200000 SOLID WASTE DISPOSAL FACILITIES false false false 0 0 51200000 2560000 0 0 1024000 0 0 47616000 0 0 2012 false false false true false false false false 0.00000 0.00000 0.00000 false false false false 0 false 0 false false JAY BARTLETT COMPUTER X 5000 2051 false true true ALISHA ANKER COMPUTER X 2332 1704 false true true 3755 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. AFTER MANAGEMENT'S 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. 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 2011. ON PART VII, SECTION B OF THE FORM 990, PPI REPORTS $310,568 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 5 LOSSES FROM INVESTMENTS IN LLC'S $82,247