2011-11-08T14:10:25-06:00 2010-12-31 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 2000 INDIANAPOLIS IN 462045108 990 2010-01-01 351274565 WABASH VALLEY POWER ASSOCIATION INC WABA 3174812800 722 N HIGH SCHOOL ROAD INDIANAPOLIS IN 462143756 JEFF A CONRAD 3174812800 2011-11-08 1 JEFFREY D FRANK 3174648000 2010 2016-03-07 17:11:31Z RICK COONS 722 N HIGH SCHOOL ROAD INDIANAPOLIS IN 462143756 755608349 0 X WWW.WVPA.COM X 1963 IN WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO SUPPLY AND DELIVER WHOLESALE POWER TO MEET THE NEEDS OF ITS ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. 29 28 71 0 0 0 0 0 674998335 750035954 2715930 3284104 814665 790678 678528930 754110736 0 0 0 0 5892690 6543760 0 0 0 656426389 733688262 662319079 740232022 16209851 13878714 845691662 918467842 744388721 803164901 101302941 115302941 WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO SUPPLY AND DELIVER WHOLESALE POWER TO MEET THE NEEDS OF ITS ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. 0 0 671714630 750035954 THE EXEMPT PURPOSE OF WABASH VALLEY POWER IS TO PROVIDE ELECTRICITY TO ITS MEMBERS. 671714630 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 107 0 1 71 1 0 0 0 0 0 0 0 0 0 146641000 -46574000 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 1 0 IN GA CA AZ X THERESA YOUNG CONTROLLER 3174812800 722 NORTH HIGH SCHOOL ROAD INDIANAPOLIS IN 46214 PHIL CARRINGTON 2.00 X 5450 0 36 MELVIN COONROD 9.00 X 6850 0 36 JAMES KEFFABER 2.00 X 3300 0 36 FRED POWELL 2.00 X 5200 0 36 WILLIAM HAROLD SMITH 7.00 X 6800 0 36 HAL TRUAX 2.00 X 5600 0 36 FRED WARNER 1.00 X 5250 0 36 DONALD MILLER 2.00 X 5600 0 36 ALAN SCHLAGENHAUF 4.00 X 6800 0 36 WAYNE GINGERICH 4.00 X 6950 0 36 RONNIE MOHR 2.00 X 4550 0 36 ELMER STOCKER 4.00 X 6200 0 36 JON RETTINGER 4.00 X 8250 0 36 DENNIS EDMONDS 2.00 X 4800 0 36 WAYNE ZUMBRUN 3.00 X 6450 0 36 GERALD HEITMEYER 4.00 X 6000 0 36 CLARENCE BARTH 5.00 X 6400 0 36 G TOM TAYLOR 2.00 X 5200 0 36 ROBERT ANGUS 7.00 X 12600 0 36 ROBERT LEHMANN 3.00 X 5650 0 36 JEFF HAMPSHIRE 3.00 X 4850 0 36 DONALD BAGGS 2.00 X 6850 0 36 MICHAEL CONNER 2.00 X 6400 0 36 ROBERT BAKER 3.00 X 8400 0 36 JOHN SKIP LOTTES 4.00 X 10250 0 36 MIKE YANKAUSKAS 4.00 X 6850 0 36 DENNIS BURTON 4.00 X 8850 0 36 TOM FLORA 2.00 X 4450 0 36 JEFF CONRAD 40.00 X X 163191 0 55324 RICK COONS 40.00 X 450180 0 102103 KATHY JOYCE 40.00 X 164481 0 43162 CATHY ELLIS 40.00 X 156524 0 42352 KEITH THOMPSON 40.00 X 168405 0 48149 GREG WAGONER 40.00 X 161798 0 54447 LEE WILMES 40.00 X 163370 0 56787 TERRY HOGAN 40.00 X 116325 0 41379 KARI WETTER 40.00 X 117032 0 52715 ALBERT TAYLOR 40.00 X 121382 0 25641 BRENT REYHER 40.00 X 121359 0 40658 GARY STEIN 40.00 X 132070 0 45800 2216917 0 609525 14 0 1 0 DUKE ENERGY INDIANA PO BOX 6000 PLAINFIELD IN 46168 MANAGEMENT FEES 2797765 EDWARDS-RIGDON CONSTRUCTION 105 COMMERCE DRIVE SUITE A DANVILLE IN 46122 CONSTRUCTION SERVICES 2458886 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 46032 MARKET SETTLEMENTS/RISK MGMT 2005641 THE LE MYERS COMPANY PO BOX 71728 CHICAGO IL 60694 CONSTRUCTION SERVICES 630804 DEWPOINT 75 EXECUTIVE DR SUITE E CARMEL IN 46032 CONSTRUCTION SERVICES 596655 24 SALES OF ELECTRICITY 221000 747508636 747508636 SALES OF TRANS. & DIST 221000 1694000 1694000 EMISSION ALLOW. SALE 221000 833318 833318 750035954 3284104 3284104 2288291 1497613 790678 790678 790678 754110736 750035954 0 4074782 1608749 1608749 3095613 3095613 1536931 1536931 302467 302467 640146 640146 137329 137329 590599 590599 578269 578269 3666043 3666043 117734 117734 164255 164255 38134621 38134621 26122608 17694385 8428223 PURCHASED POWER EXPENSE 524178333 524178333 0 0 FUEL EXPENSE 90049677 90049677 0 0 PRODUCTION O & M 39792235 39792235 0 0 TRANSMISSION O & M 8984171 0 8984171 0 532242 532242 740232022 671714630 68517392 0 4974418 101031190 69246765 10000000 60386942 64142001 16020437 13552700 23929260 23322018 967464854 300663478 636485765 666801376 32545410 33304992 2102665 6313565 845691662 918467842 120867378 160552856 12092308 51084616 596464727 577152704 14964308 14374725 744388721 803164901 X 0 0 18210000 14000000 83092941 101302941 101302941 115302941 845691662 918467842 X 13878714 121286 X 1 1 1 X 0 25500 25500 25500 1 INDIANA FORE 720 NORTH HIGH SCHOOL ROAD INDIANAPOLIS IN 46214 351998087 18000 ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES POLITICAL ACTION COMMITTEE PO BOX 1645 JEFFERSON CITY MO 65102 431441879 7500 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: MADE A PAYMENT TO INDIANA STATEWIDE FOR A POLITICAL CONTRIBUTION TO INDIANA FORE (FRIENDS OF RURAL ELECTRIFICATION) AND ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES POLITICAL ACTION COMMITTEE PART IV, SUPPLEMENTAL INFORMATION: PART I-C CONTINUATION FOR INCOMPLETE NAME/ADDRESS INFORMATION: INDIANA FORE 720 NORTH HIGH SCHOOL ROAD, INDIANAPOLIS, IN 46214 ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES POLITICAL ACTION COMMITTEE P.O. BOX 1645, JEFFERSON CITY, MO 65102 7485276 7485276 3817747 2707316 1110431 895925356 288357497 607567859 60236475 9598665 50637810 666801376 754110736 740232022 13878714 121286 121286 14000000 754257072 0 754257072 -146336 -146336 754110736 740257072 25050 25050 740232022 0 740232022 PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN EARNINGS - ACES POWER MARKETING EQUITY IN EARNINGS - SERVCO EQUITY IN EARNINGS - SG SOLUTIONS EQUITY IN EARNINGS - WVEM UNREALIZED GAINS/LOSSES ON DERIVATIVE INVESTMENTS SCHEDULE D, PART X: WABASH VALLEY POWER HAS ADOPTED GUIDANCE GOVERNING UNCERTAIN INCOME TAX POSITIONS WHICH SETS FORTH RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION. THE GUIDANCE DID NOT RESULT IN THE RECORDING OF ANY UNCERTAIN TAX POSITION LIABILITIES AS OF DECEMBER 31, 2010 AND 2009. TAX YEARS 2007 THROUGH 2010 REMAIN OPEN AND COULD BE SUBJECT TO AUDIT BY THE IRS. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN EARNINGS - ACES POWER MARKETING 17,370 EQUITY IN EARNINGS - SERVCO 1,883 EQUITY IN EARNINGS - SG SOLUTIONS 94,148 EQUITY IN EARNINGS - WVEM 32,935 UNREALIZED GAINS/LOSSES ON DERIVATIVE INVESTMENTS -25,050 TOTAL TO SCHEDULE D, PART XI, LINE 8 121,286 SCHEDULE D, PART XII, LINE 4B: EQUITY IN EARNINGS - SERVCO $ (1,883) EQUITY IN EARNINGS - ACES POWER MARKETING $ (17,370) EQUITY IN EARNINGS - WVEM $ (32,935) EQUITY IN EARNINGS - SG SOLUTIONS $ (94,148) TOTAL TO SCHEDULE D, PART XII, LINE 2D: $(146,336) SCHEDULE D, PART XIII, LINE 2D: UNREALIZED GAINS/LOSSES ON DERIVATIVE INVESTMENTS $ 25,050 X X X X X 0 0 0 JEFF CONRAD 155967 0 0 0 7224 0 33452 0 21872 0 218515 0 0 0 RICK COONS 438221 0 0 0 11959 0 87076 0 15027 0 552283 0 0 0 KATHY JOYCE 159457 0 0 0 5024 0 33014 0 10148 0 207643 0 0 0 CATHY ELLIS 149750 0 0 0 6774 0 31278 0 11074 0 198876 0 0 0 KEITH THOMPSON 159298 0 4372 0 4735 0 33361 0 14788 0 216554 0 0 0 GREG WAGONER 156970 0 0 0 4828 0 33392 0 21055 0 216245 0 0 0 LEE WILMES 154879 0 0 0 8491 0 33121 0 23666 0 220157 0 0 0 TERRY HOGAN 112376 0 1589 0 2360 0 25125 0 16254 0 157704 0 0 0 KARI WETTER 116442 0 0 0 590 0 26327 0 26388 0 169747 0 0 0 BRENT REYHER 117098 0 0 0 4261 0 24601 0 16057 0 162017 0 0 0 GARY STEIN 122550 0 0 0 9520 0 26340 0 19460 0 177870 0 0 0 WABASH VALLEY POWER ASSOCIATION INC 351274565 2009-02-20 13100000 CONSTRUCT LANDFILL GAS FACILITIES 0 0 0 INDIANA FINANCE AUTHORITY 351602316 2010-12-17 40000000 CAPITAL IMPROVEMENTS IN VIGO COUNTY 0 0 0 13100000 152608 12947392 2009 0 0 1 1 40000000 300000 39700000 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 WABASH VALLEY POWER ASSOCIATION IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE THAT HAS 28 DISTRIBUTION COOPERATIVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A WABASH VALLEY POWER ASSOCIATION HAS A BOARD CONSISTING OF 29 DIRECTORS, ONE REPRESENTATIVE ELECTED FROM EACH MEMBER DISTRIBUTION COOPERATIVE AND ONE REPRESENTATIVE FROM WABASH VALLEY ENERGY MARKETING, INC., A RELATED ORGANIZATION. THE BOARD IS RESPONSIBLE FOR SELECTING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO), LEGAL COUNSEL AND THE EXECUTIVE BOARD (CHAIRMAN, VICE CHAIRMAN, 2ND VICE CHAIRMAN, SECRETARY-TREASURER, (2) EXECUTIVE COMMITTEEMEN). FORM 990, PART VI, SECTION A, LINE 7B ALL BUSINESS AFFAIRS OF THE CORPORATION ARE GOVERNED BY THE BOARD OF DIRECTORS WHICH EXERCISES ALL THE POWERS OF THE CORPORATION WITHIN THE PROVISIONS OF THE CORPORATE BY-LAWS, ARTICLES OF INCORPORATION AND CORPORATE POLICIES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS ELECTS THREE DIRECTORS, ALONG WITH THE SECRETARY/TREASURER AND AN INDEPENDENT MEMBER TO SERVE AS THE AUDIT COMMITTEE WHOSE PRIMARY FUNCTION IS TO ASSIST THE BOARD IN FINANCIAL OVERSIGHT RESPONSIBILITES. THE FORM 990 RETURN IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING AND MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12B: THE BOARD OF WABASH VALLEY POWER HAS ADOPTED A POLICY ON DIRECTOR DUTIES, ETHICS AND STANDARDS OF CONDUCT WHICH REQUIRES DIRECTORS TO AVOID ACTIVITIES, PRACTICES OR ACTS THAT CREATE A CONFLICT OF INTEREST. ADDITIONALLY, EACH MEMBER OF THE BOARD AND KEY MANAGEMENT EMPLOYEES MUST ANNUALLY DISCLOSE ANY INTER-LOCKING DIRECTORSHIPS AS REQUIRED BY FEDERAL ENERGY REGULATORY COMMISSION REGULATIONS. FORM 990, PART VI, SECTION B, LINE 12C: WABASH VALLEY POWER HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT IS APPLICABLE TO ALL EMPLOYEES. THIS POLICY IS COMMUNICATED IN THE EMPLOYEE HANDBOOK ALONG WITH AN EXPLANATION OF THE PROCEDURE FOR CLARIFICATION OF POTENTIAL SITUATIONS THAT COULD LEAD TO CONFLICT. ON AN ANNUAL BASIS, EACH EMPLOYEE IS REQUIRED TO REVIEW AND SIGN THIS HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE BOARD WORKED WITH AN INDEPENDENT CONSULTING FIRM TO ESTABLISH THE CEO'S COMPENSATION PHILOSOPHY AND SALARY QUIDELINES BASED ON COMPARABILITY DATA FROM SEVERAL DIFFERENT ENERGY INDUSTRY SOURCES. THE CEO REVIEW PROCESS INCLUDES ON-LINE PERFORMANCE SURVEYS THAT ARE COMPLETED BY THE FULL BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICERS OF EACH DISTRIBUTION COOPERATIVE. ALL FINAL PERFORMANCE STATISTICS AND COMPENSATION RECOMMENDATIONS ARE BROUGHT BEFORE THE FULL WABASH VALLEY BOARD OF DIRECTORS FOR FINAL DETERMINATION ON PERFORMANCE AND MERIT INCREASES. AN INDEPENDENT CONSULTING FIRM ALSO DEVELOPED A PERFORMANCE-BASED COMPENSATION SYSTEM FOR ALL WABASH VALLEY MANAGEMENT AND EMPLOYEES. THE ANNUAL REVIEW PROCESS INCLUDES SALARY TABLES AND GUIDELINES FOR EACH POSITION WITHIN THE ORGANIZATION BASED ON ENERGY INDUSTRY DATA. FORM 990, PART VI, SECTION C, LINE 19 WABASH VALLEY POWER ASSOCIATION, INC. PROVIDES ANY DOCUMENT OPEN TO PUBLIC INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: EQUITY IN EARNINGS - ACES POWER MARKETING 17,370. EQUITY IN EARNINGS - SERVCO 1,883. EQUITY IN EARNINGS - SG SOLUTIONS 94,148. EQUITY IN EARNINGS - WVEM 32,935. UNREALIZED GAINS/LOSSES ON DERIVATIVE INVESTMENTS -25,050. TOTAL TO FORM 990, PART XI, LINE 5: 121,286. SG SOLUTIONS INC 722 N HIGH SCHOOL RD INDIANAPOLIS IN 46214 562492641 GASIFICATION PLANT IN N/A RELATED -94148 26181654 0 1 0.50000 WABASH VALLEY ENERGY MARKETING INC 722 N HIGH SCHOOL RD INDIANAPOLIS IN 46214 203938637 MARKET ELECTRIC POWER IN RELATED C -10461 459316 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WABASH VALLEY ENERGY MARKETING INC R 249648 FMV