2026-05-29T11:38:24-05:00 2025-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2025-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 ROBERT HALL VICE PRESIDENT AND CFO 8048342424 2026-05-28 1 PATRICK PITTMAN P00587461 5403450936 2026-05-28 2025 2025-03-06 01:10:19Z ROBERT HALL 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 63443940 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 70 0 0 0 0 0 52422011 62864984 70791 61443 484646 517513 52977448 63443940 0 0 707090 730215 1687637 1884474 0 0 0 45407524 50537663 47802251 53152352 5175197 10291588 111930942 115856682 68368177 68447929 43562765 47408753 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 70 1 0 0 0 0 0 0 0 57116930 6327010 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X ROBERT H HALL 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 PAUL H BROWN CHAIRMAN 8.00 X X 26250 0 0 JAMES CORL DIRECTOR 5.00 X 19394 0 0 HERBERT R PATRICK SECRETARY - TREASURER 5.00 X X 21200 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 5.00 X X 18950 0 0 JOHN M BROCK JR DIRECTOR 5.00 X 18950 0 0 MATTHEW P CARDEN DIRECTOR 5.00 X 18150 0 0 KEITH M DUNN VICE-CHAIRMAN 5.00 X X 21550 0 0 DENYA C HANKERSON DIRECTOR 5.00 X 20550 0 0 BRIAN E COEY DIRECTOR 5.00 X 18850 0 0 ROBERT HOWARD HALL CFO & SVP 40.00 X 222908 0 19752 SARAT YELLEPEDDI PRESIDENT AND CEO 40.00 X 429470 0 34482 WALTER LEE CHAPPELL DIRECTOR OF SAFETY 40.00 X 200707 0 27765 JOSHUA KRENICKY VICE PRESIDENT OF OPERATIO 40.00 X 169963 0 25974 JASON JESSUP CONSTRUCTION FOREMAN 40.00 X 133667 0 21910 JUSTIN HARVILLE GENERAL MANAGER 40.00 X 168666 0 26473 GEORGE PRUITT JOURNEYMAN LINEMAN 40.00 X 126368 0 17638 CLINTON PRESSON JOURNEYMAN LINEMAN 40.00 X 126143 0 12665 JEFF HITE MANAGER OF OPERATIONS 40.00 X 127090 0 17860 1888826 0 204519 22 0 1 0 ASPLUNDH TREE EXPERTS LLC 708 BLAIR MILL RD WILLOW GROVE PA 19090 TREE & RIGHT OF WAY SERVICES 1018087 BOOTH & ASSOCIATES LLC 2300 REXWOODS DRIVE SUITE 300 RALEIGH NC 27607 ENGINEERING CONSULTANTS 219771 2 ELECTRICITY TO MEMBERS 221000 46741922 46741922 CONTRIBUTION IN AID OF CONSTRUCTI 221000 6695652 6695652 INTERNET TO MEMBERS 221000 6230343 6230343 BROADBAND SUBSIDIES 221000 1540270 1540270 PATRONAGE ALLOCATIONS 221000 1522933 1522933 133864 133864 62864984 49443 49443 12000 0 12000 12000 12000 OTHER NON-OPERATING INCOME 900099 517513 517513 517513 63443940 63260633 0 183307 730215 1206892 677582 132547 62839 7142 195158 1363699 80932 41715 1758087 5838274 32106 COST OF POWER 31636847 DISTRIBUTION MAINTENANC 3166173 DISTRIBUTION OPERATION 2538412 CONSUMER ACCOUNTS 2519973 1163759 53152352 3552169 3882643 7030610 7114549 3912374 6542170 2665792 1887865 137306332 60661446 76426868 76644886 18166178 19608945 176951 175624 111930942 115856682 7478974 8495734 52835504 52087504 8053699 7864691 68368177 68447929 X 0 0 0 0 43562765 47408753 43562765 47408753 111930942 115856682 X 10291588 -6445600 X 0 0 0 1735188 1735188 6162628 2827871 3334757 127687641 57833575 69854066 1720875 1720875 76644886 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 641086 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 12500 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 17746366 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 854086 C VARIOUS MEMBERSHIP FEES 1025 C OTHER INVESTMENTS 166422 C OTHER MEMBERSHIP FEES 5000 C 19608945 CONSUMER DEPOSITS 1164045 OTHER CURRENT AND ACCRUED LIABILITIES 4282187 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 471471 RESERVE FOR STORM DAMAGE 823292 DEFERRED CREDITS 963923 LEASE LIABILITY 159773 7864691 56748288 0 56748288 6695652 6695652 63443940 52422137 0 52422137 730215 730215 53152352 PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION IN AID OF CONSTRUCTION PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS X X X 0 1 0 SARAT YELLEPEDDI PRESIDENT AND CEO 417170 0 0 0 12300 0 7000 0 27482 0 463952 0 0 0 ROBERT HOWARD HALL CFO & SVP 221893 0 0 0 1015 0 4438 0 15314 0 242660 0 0 0 WALTER LEE CHAPPELL DIRECTOR OF SAFETY 190633 0 0 0 10074 0 3813 0 23952 0 228472 0 0 0 JOSHUA KRENICKY VICE PRESIDENT OF OPERATIO 156793 0 0 0 13170 0 3136 0 22838 0 195937 0 0 0 JUSTIN HARVILLE GENERAL MANAGER 158592 0 0 0 10074 0 3172 0 23301 0 195139 0 0 0 JASON JESSUP CONSTRUCTION FOREMAN 131045 0 0 0 2622 0 2069 0 19841 0 155577 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PRINCE GEORGE ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST WHETHER ACTUAL OR PERCEIVED ARE PROHIBITED. ANY CONFLICT OR POTENTIAL CONFLICT MUST BE REPORTED TO CEO, CHAIRMAN OF BOARD, COMPLIANCE OFFICER, OR AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 PGEC UTILIZES 3RD PARTY CONTRACTOR TO DETERMINE SALARY RANGES. THESE ARE BASED ON POSITION, GEOGRAPHIC LOCATION, AND COMPARISON TO OTHER ORGANIZATIONS FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS -190. CHANGE IN OTHER COMPREHENSIVE INCOME 118,289. CHANGE IN UNCLAIMED CAPITAL CREDITS 131,953. CONTRIBUTION IN AID OF CONSTRUCTION -6,695,652. PGEC ENTERPRISES LLC PO BOX 196 WAVERLY VA 23890 813081868 INTERNET ACCESS VA 7770613 23893181 PRINCE GEORGE ELECTRIC COOPERATIVE