2024-05-07T13:43:18-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 020172119 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC NEWH 6035361800 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 ALYSSA CLEMSEN ROBERTS CEO 6035361800 2024-04-15 true CLEMSEN ROBERTS 999009999 false H TERRELL MCMICHAEL JR P01259982 4787466277 2024-05-07 2023 2023-04-26 12:10:37Z ALYSSA CLEMSEN ROBERTS 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 183252570 false X WWW.NHEC.COM X 1939 NH NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC PROVIDES ELECTRIC ENERGY AND BROADBAND SERVICES TO ITS MEMBERS THROUGHOUT THE STATE OF NEW HAMPSHIRE. 11 11 260 0 0 185921414 183116343 2039 6433 140511 93931 186063964 183216707 0 6126244 4456393 26955038 27619738 0 0 154454483 153567349 187535765 185643480 -1471801 -2426773 326303689 360411315 183502328 216398697 142801361 144012618 OUR MISSION IS TO PROVIDE OUR MEMBERS THE ABILITY TO ACCESS AFFORDABLE, RELIABLE ELECTRIC AND BROADBAND SERVICE OPTIONS THAT SUPPORT AND SIMPLIFY THEIR LIVES. false false ALL RECEIPTS FROM SALE OF ELECTRIC ENERGY AND RELATED SERVICE ACTIVITIES IN EXCESS OF OPERATING COSTS ARE RECEIVED WITH THE UNDERSTANDING THAT IT IS FURNISHED BY THE PATRONS AS CAPITAL. THIS CAPITAL SHALL BE ALLOCATED TO THE COOPERATIVE MEMBER ON A PATRONAGE BASIS. CURRENTLY, NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. PROVIDES ELECTRIC ENERGY TO APPROXIMATELY 88,000 ACTIVE MEMBER SERVICES THROUGHOUT NEW HAMPSHIRE. THE BROADBAND DIVISION, A SINGLE MEMBER LLC, PROVIDES BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER-OPTIC NETWORK. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBERS. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false true true false false true 197 0 true 260 true false false false false false 177674941 2781562 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false NH X X KELLEY ACHENBACH 6035368652 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 SHARON DAVIS BOARD CHAIR 7.00 X X 33300 0 0 MADELINE MCELANEY VICE CHAIR 11.00 X X 30750 0 0 BRENDA BOISVERT SECRETARY 4.00 X X 26550 0 0 EDWARD FRENCH TREASURER 7.00 X X 34400 0 0 CAROLYN KEDERSHA ASSISTANT TR 7.00 X X 8200 0 22500 JEFFREY MORRILL DIRECTOR 4.00 X 28600 0 0 THOMAS MONGEON DIRECTOR 8.00 X 33200 0 0 WILLIAM DARCY DIRECTOR 13.00 X 35300 0 0 LEO DWYER DIRECTOR 5.00 X 24450 0 0 ALANA ALBEE DIRECTOR 3.00 X 25050 0 0 HARRY VEINS DIRECTOR 7.00 X 26300 0 0 ALYSSA CLEMSEN ROBERTS CEO 52.00 X 472335 0 111414 JAMES BAKAS COO 50.00 X 289601 0 47476 KRISTEN TAYLOR CFO/VP OF FI 48.00 X 204387 0 61102 MICHAEL JENNINGS VP OF POWER 52.00 X 251461 0 73482 JOSHUA MAZZEI VP OF OPERAT 49.00 X 201400 0 78666 CARLA MUNOZ VP OF PEOPLE 46.00 X 204545 0 21695 JONATHAN NELSON VP OF BROADB 41.00 X 170720 0 52982 SONJA GONZALEZ CIO 41.00 X 129869 0 16766 PETER GLENSHAW VP OF MEMBER 40.00 X 116238 0 1127 BRIAN CALLNAN VP OF POWER 44.00 X 117261 0 35754 DENNIS WESTERN DIRECTOR OF 41.00 X 177671 0 54219 BRIAN JERRY WORKING FORE 56.00 X 174895 0 52539 JEREMY CLAAR LINEWORKER 56.00 X 171428 0 31234 JEFFREY MCKENZIE DISTRICT REP 52.00 X 164698 0 13420 ROBERT HOWLAND DIR. OF POWE 42.00 X 161882 0 38349 3314491 712725 116 false true false EUSTIS CABLE ENTERPRISES PO BOX 500 BROOKEFIELD VT 05036 FIBER 7287221 ASPLUNDH TREE EXPERT 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 RIGHT-OF-WAY 7211241 CONEXON LLC 2001 GRAND BLVD SUITE 700 KANSAS CITY MO 64108 FIBER 3121251 BRIDGEWELL RESOURCES DEPT 2368 DENVER CO 80291 POLES 1442012 TTS TREE SERVICE 245 POTTER ROAD CANTON NY 13617 RIGHT-OF-WAY 985924 24 ELECTRIC REVENUE 221000 176112557 176112557 POLE ATTACHMENT RENTAL 221000 3552850 3552850 BROADBAND REVENUE 513300 1887157 1887157 MISC. ELECTRIC REVENUE 221000 1562382 1562382 INTEREST INCOME 221000 1397 1397 183116343 6433 6433 51644 35863 15781 15781 15781 GAIN ON DISPOSITION OF ASSETS 221000 43173 43173 MISC. OTHER REVENUE 221000 34977 34977 78150 183216707 179663857 3552850 4456393 2986883 14616422 4319632 4217784 1479017 1462317 70037 1000953 7297 2789903 787928 6911692 106335 88346 5281238 13473888 778865 PURCHASED POWER 74604896 TRANSMISSON EXPENSE 25206839 DISTRIBUTION MAINT AND OP 14552707 OTHER DEDUCTIONS 5589692 854416 185643480 0 0 0 X 1893690 1450495 50000 50000 28140334 30567113 5549897 12085464 2490112 2493347 484477509 193955306 257306634 290522203 11074435 10734903 5597648 5067157 14200939 7440633 326303689 360411315 30934250 36540988 125497837 135764104 479477 25302929 26590764 18790676 183502328 216398697 X 142801361 144012618 142801361 144012618 326303689 360411315 X -2426773 3638030 X false true X true false 3445678 3445678 746578 12477558 6219139 7004997 446545909 187736167 258809742 21261786 21261786 290522203 REGULATORY LIABILITES - ASC 980 16246294 CONSUMER DEPOSITS 2144388 DEFERRED CREDITS 399994 18790676 X 183118794 183118794 97913 97913 183216707 181187087 181187087 4456393 4456393 185643480 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM UNITED STATES INCOME TAXES PURSUANT TO 501 (C)(12) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES THAT AT LEAST EIGHTY FIVE PERCENT (85%) OF A COOPERATIVE'S INCOME BE COLLECTED FROM ITS MEMBERS. THE COOPERATIVE FOLLOWS GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WHICH IS PART OF FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESECRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. SCHEDULE D, PAGE 4, PART XI, LINE 4B NON-OPERATING ACTIVITES 97,913 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 4,456,393 X X X X X true false false ALYSSA CLEMSEN ROBERTS CEO 402558 62418 7359 81476 29938 583749 JAMES BAKAS COO 66232 1874 221495 17538 29938 337077 KRISTEN TAYLOR CFO/VP OF FINANCE 198605 1374 4408 31164 29938 265489 MICHAEL JENNINGS VP OF POWER DELIVERY 245645 1374 4442 53397 20085 324943 JOSHUA MAZZEI VP OF OPERATIONS 199426 1374 600 48728 29938 280066 CARLA MUNOZ VP OF PEOPLE & CULTU 163232 36621 4692 6610 15085 226240 JONATHAN NELSON VP OF BROADBAND 150824 15645 4251 37845 15137 223702 DENNIS WESTERN DIRECTOR OF ENGINEER 173930 1374 2367 34134 20085 231890 BRIAN JERRY WORKING FOREMAN 172964 1487 444 22601 29938 227434 JEREMY CLAAR LINEWORKER 169807 1512 109 21547 9687 202662 JEFFREY MCKENZIE DISTRICT REPRESENTAT 162183 1487 1028 4948 8472 178118 ROBERT HOWLAND DIR. OF POWER RESOUC 156306 1374 4202 36264 2085 200231 SCHEDULE J, PAGE 1, PART I, LINE 4 JAMES BAKAS 193,128 0 0 FORM 990, PAGE 6, PART VI, LINE 6 NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. (THE COOPERATIVE) HAS MEMBERS. ANY PERSON, FIRM, CORPORATION OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE BY: A) MAKING AN APPLICATION FOR MEMBERSHIP AND SERVICE; B) AGREEING TO PURCHASE GOODS OR SERVICES FROM THE COOPERATIVE AS SPECIFIED IN THE BYLAWS; AND C) AGREEING TO COMPLY WITH AND BE BOUND BY THE CERTIFICATE OF ORGANIZATION OF THE COOPERATIVE AND THE CODE OF BYLAWS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF DIRECTORS. NO PERSONS, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE (1) MEMBERSHIP IN THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE'S ELEVEN (11) MEMBER BOARD OF DIRECTORS IS CHOSEN BY AND FROM THE MEMBERSHIP. AT EACH ANNUAL MEETING TO WHICH BALLOTS ARE RETURNED, DIRECTORS ARE ELECTED FOR THREE-YEAR STAGGERED TERMS, WITH AT LEAST THREE TO BE ELECTED EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 7B THE FOLLOWING ITEMS ARE SUBJECT TO THE AFFIRMATIVE VOTE OF AT LEAST TWO- THIRD (2/3) OF THE MEMBERS VOTING A) DISPOSITION OF PROPERTY THAT EXCEEDS, IN ANY ONE (1) YEAR, TEN PERCENT (10%) OF THE VALUE OF THE COOPERATIVE'S "TOTAL UTILITY PLANT" AS STATED IN THE MOST RECENT ANNUAL REPORT OF THE COOPERATIVE; B) DISPOSITION OF ANY ITEM OF A DAMAGED PROPERTY VALUED (AT DEPRECIATED BOOK) AT MORE THAN 25,000 C) ACQUISITION OF GENERATION, TRANSMISSION AND/OR DISTRIBUTION FACILITIES FOR WHICH THE PURCHASE PRICE EXCEEDS TWENTY-FIVE PERCENT (25%) OF THE VALUE OF THE COOPERATIVE'S "TOTAL UTILITY PLANT" AS STATED IN THE MOST RECENT ANNUAL REPORT OF THE COOPERATIVE; D) THE SALE OF THE COOPERATIVE'S ENTIRE SYSTEM OR THE DISSOLUTION OF THE COOPERATIVE; E) THE ALTERATION, AMENDMENT OR REPEAL OF THE COOPERATIVE'S CODE OF BYLAWS; AND F) THE AMENDMENT OF THE CERTIFICATION OF ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B THE COOPERATIVE'S FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE WITH A RECOMMENDATION TO THE FULL GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL REVIEW OF ALL POLICES. BY THE BOARD OF DIRECTORS AND BOARD COMMITTEE; ANNUAL REVIEW OF ETHICS POLICY WHICH ALSO INCLUDES CONFLICT OF INTEREST ARE DISCLOSED TO BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE COOPERATIVE HAS AN INDEPENDENT COMPENSATION CONSULTANT PROVIDE A CEO COMPENSATION ANALYSIS TO THE VICE CHAIR OF THE BOARD OF DIRECTORS FOR REVIEW WITH THE BOARD OF DIRECTORS. TO ENSURE THE WAGES OF THE CEO AND NON-UNION EMPLOYEES ARE WITHIN SALARY RANGES THAT ARE REASONABLE YET COMPETITIVE IN THE MARKETPLACE, THE COOPERATIVE ENGAGES AN OUTSIDE CONSULTANT WHO SPECIALIZES IN COMPENSATION AND IS HIGHLY KNOWLEDGEABLE ABOUT RURAL ELECTRIC COOPERATIVES. EVERY FEW YEARS THE CONSULTANT ISSUES A REPORT TO THE BOARD OF DIRECTORS ESTABLISHING A FAIR MARKET VALUE RANGE FOR THE CEO POSITION BASED ON OPERATING CRITERIA. THE OPERATING CRITERIA INCLUDES NUMBER OF MEMBERS SERVED, TOTAL UTILITY PLANT AND OPERATING REVENUE. FOR NON-UNION EMPLOYEES, THE CONSULTANT BUILDS A COMPENSATION MODEL WHICH INCLUDES SALARY GRADES AND PAY RANGES. THE SALARY GRADES ARE BASED ON JOB DESCRIPTIONS WHICH ARE EVALUATED ON THE FACTORS OF JOB KNOWLEDGE, LEADERSHIP, ORGANIZATIONAL EFFECT, COMPLEXITY, AND COMMUNICATION. THE INTERNAL GRADE VALUES ARE MERGED WITH EXTERNAL SALARY SURVEY INFORMATION (REFLECTING COMPARABLE PAY FOR SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS); THIS MODELING AND OPTIMIZATION OF INTERNAL EQUITY AND EXTERNAL MARKET DATA IS THE BASIS OF THE ESTABLISHED COOPERATIVE PAY RANGES. FORM 990, PAGE 6, PART VI, LINE 15B SEE COMPENSATION DETERMINATION PROCESS NOTED ABOVE. FORM 990, PAGE 6, PART VI, LINE 19 FULLY AUDITED FINANCIALS, CURRENT 990 FILLING, ALL BOARD POLICIES AND POLICY ON ETHICS & CONFLICT OF INTEREST ARE POSTED ON THE COOPERATIVE'S WEBSITE. FORM 990, PART X FORM 990, PART X, LINE .1OA. - SECTION. 1.263(A)-3(N) ELECTION: NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH, NH 03264-3147 EIN 02-0172119 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC. IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COST UNDER REGULATION SECTION 1. 263(A)3(N) FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ALLOCATION 4,456,393 PATRONAGE RETIREMENTS -818,363 TOTAL 3,638,030 NH BROADBAND LLC 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 BROADBAND NH 1887157 10339418 NHEC NHEC FOUNDATION FOUNDATION 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 113751465 CHARITY NH 501C 3 7 N/A false false false false false false false false false false false false false false true true false false false false