2026-05-13T09:18:30-07:00 2025-12-31 990 2025-01-01 610299615 OWEN ELECTRIC COOPERATIVE INC OWEN 5024843471 PO Box 400 Owenton KY 40359 Michael Cobb President and CEO 5025633500 2026-05-13 2025 2025-03-06 01:10:19Z X Michael L Cobb 8205 Hwy 127N PO Box 400 Owenton KY 40359 261023968 0 X www.owenelectric.com X 1937 KY Provide electric service to members on a patronage basis. Serve an average of 66,000 member accounts. Improve our members' lives by providing safe, reliable, affordable electric service. 7 0 119 0 0 0 0 0 242544466 252106861 1255269 963877 2741503 7953230 246541238 261023968 0 0 7881720 11918560 11214996 11365463 0 0 0 227444522 237739945 246541238 261023968 0 0 319181309 326267475 143039185 141298162 176142124 184969313 Provide electric service to members on a patronage basis. Serve approximately 66,000 member accounts. Improve our member's lives by providing safe, reliable, and affordable electric service. 0 0 Not Applicable 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 134 0 1 119 1 0 0 0 0 0 252106861 7953230 0 0 0 X 7 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X Hollie Breeden 5024843471 PO Box 400 Owenton KY 40359 Michael L Cobb President and CEO 60 0 X 394590 0 104657 Andrew Long VP of Engineering 50 0 X 177373 0 82124 Michael Stafford VP of Member Services 50 0 X 170028 0 81384 Jim Petreshock VP of Information Systems 50 0 X 168459 0 81703 Erin Rehkamp VP of Corporate Services 50 0 X 179741 0 61458 Joseph Waichulis Service Technician 62 0 X 180361 0 58357 Brian Jones VP of Operations 50 0 X 180965 0 28511 Steven Moore Service Technician 56 0 X 156211 0 51175 James McCane System Operator 51 0 X 146134 0 50977 Albert Pickett Service Technician 54 0 X 149932 0 40073 Joe Schmiade Service Technician 53 0 X 145341 0 18893 Richard Messingschlager Director 8 0 X 28016 0 0 Charles Richarson Secretary-Treasurer 5 0 X 27355 0 0 Hope Kinman Director 4 0 X 22119 0 0 Robert True Director 3 0 X 20519 0 0 Charles Alan Ahrman Chairman 7 0 X 20310 0 0 Eddie McCord Vice Chairman 3 0 X 19516 0 0 Jim Henning Director 9 0 X 18468 0 0 John Grant Director 6 0 X X 13505 0 0 2218943 0 659312 63 1 1 0 Asplundh PO Box 532729 Atlanta GA 30353 Tree Trimming 3796604 Epp-Lectric 1040 Knoxville Rd Dry Ridge KY 41035 Lineman Crews 1823491 Mclean Engineering PO Box 2587 Moultrie GA 317762587 Joint Use Inspections 554421 AMS Construction 10670 Loveland Madeica Rd PO Box 68 Loveland OH 45140 Underground Crew 225466 Power Pole Maintenance 207 Mayfield Lane NE Jacksonville AL 36265 Pole Inspection and Treatment 221023 8 0 Electric Service 221000 252345735 252345735 0 0 Other 221000 -238874 -238874 0 0 0 0 0 0 252106861 963877 0 0 963877 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 G&T Capital Credits 221000 5941069 0 0 5941069 Joint Pole Attachments 221000 1437964 0 0 1437964 Other Capital Credits 221000 574197 0 0 574197 0 0 0 0 7953230 261023968 252106861 0 8917107 11918560 2878253 5124503 1136325 1702309 524073 63670 41335 3688219 12941375 Cost of Purchase Power 208458784 Operations and Maintenance 8463410 General and Administration 2101988 Customer Service and Accounts 1920299 60865 261023968 0 0 0 2546457 1688284 14272895 12218913 21768329 22578269 2141055 2705211 3769387 2870060 375480723 200934858 171113157 174545865 103570029 109660873 319181309 326267475 19729104 22318981 103284746 99050732 20025335 19928449 143039185 141298162 X 1350060 1369900 11251732 10753056 163540332 172846357 176142124 184969313 319181309 326267475 X 0 0 0 0 0 8827189 X 0 1 X 1 0 2119290 0 2119290 14354247 0 6415900 7938347 0 0 0 0 359007186 0 194518958 164488228 0 0 0 0 174545865 Investments in Associated Organizations 108466750 CTC's and Other Investments 1160696 Cash Surrender Value Life Ins 33427 109660873 Accrued Expenses 3239501 Advances for Construction and Deferred Credit 2695946 Consumer Deposits and Interest Payable on Consumer Deposits 2075450 Post Retirement Benefits 11917552 19928449 253783699 0 0 0 0 0 253783699 0 7240269 7240269 261023968 249047542 0 0 0 0 0 249047542 0 11976426 11976426 261023968 Schedule D, Part XI, Line 4b Schedule D, Part XI, Line 4b - G& T Capital Credits $5,941,069, Other Capital Credits $574,197, Interest Income $963,877 and Other Margins ($238,874). Total $7,240,269. Schedule D, Part XII, Line 4b Schedule D, Part XII, Line 4b - Net Margins $11,918,560.24 and Other $57,865.06. Total $11,976,425.50 X X X X X 0 0 0 Michael L Cobb President and CEO 394590 0 0 0 0 0 86625 0 18032 0 499247 0 0 0 Brian Jones VP of Operations 180965 0 0 0 0 0 7561 0 20949 0 209475 0 0 0 Joseph Waichulis Service Technician 180361 0 0 0 0 0 36735 0 21621 0 238717 0 0 0 Erin Rehkamp VP of Corporate Services 179741 0 0 0 0 0 60143 0 1314 0 241198 0 0 0 Andrew Long VP of Engineering 177373 0 0 0 0 0 61208 0 20916 0 259497 0 0 0 Michael Stafford VP of Member Services 170028 0 0 0 0 0 60482 0 20902 0 251412 0 0 0 Jim Petreshock VP of Information Systems 168459 0 0 0 0 0 59927 0 21776 0 250162 0 0 0 Steven Moore Service Technician 156211 0 0 0 0 0 36540 0 14636 0 207387 0 0 0 Albert Pickett Service Technician 149932 0 0 0 0 0 36287 0 3786 0 190005 0 0 0 James McCane System Operator 146134 0 0 0 0 0 38188 0 12789 0 197111 0 0 0 Joe Schmiade Service Technician 145341 0 0 0 0 0 5964 0 12928 0 164233 0 0 0 John Grant Director 13505 0 0 0 0 0 0 0 0 0 13505 0 0 0 Form 990, Part VI, Section A, Line 6 Must be a member to receive electric service. Each member has one vote. May have more than one service per membership. Form 990, Part VI, Section A, Line 7a Election of Governing Body - Nomination Committee meets every year there is an election to select a member to run for director. Member may run for director with petition signed by forty (40) or more eligible members. Form 990, Part VI, Section A, Line 7b Governance Decisions - Articles of Incorporation can only be changed by at least a 2/3 majority of membership. By-laws may be altered, amended, repealed by a majority vote of the Board of Directors. Form 990, Part VI, Section B, Line 11b Form 990 Review - Directors are furnished with a draft copy of the Form 990 prior to filing, they can make inquires of and changes to information contained within. Form 990, Part VI, Section B, Line 12c Compliance with Conflict of Interest Policy - There is a board policy requiring directors and employees to disclose any potential conflicts of interest. A form is utilized for this disclosure and completed forms are maintained at the Cooperative's office. Form 990, Part VI, Section B, Line 15 Compensation Review and Approval - The Cooperative utilizes a wage and salary survey conducted by NRECA to evaluate the compensation for all employees. This annual wage and salary considers regional market conditions. The wage and salary proposal is reviewed by the Board of Directors. Form 990, Part VI, Section C, Line 19 Publicly available documents - The Cooperative's Article of Incorporation and By-Laws are made available on the Cooperative's website. Once a year, by-laws are included in the Cooperative's monthly magazine. The conflict of interest policy would be made available upon request. The Cooperative's annual financial statement summary is included in the Cooperative's monthly magazine, and the Cooperative's audited financial statements and detailed financial information are made available on the Kentucky Public Service Commission's website. Form 990, Part XI, Line 9 Margins allocated to members $11,918,560, Memberships issued $19,840, Refund of Capital Credits (2,748,655), and Unrealized Gain/Loss $(362,556).