2024-06-25T10:23:31-04:00 2023-12-31 030302296 KITTELL BRANAGAN & SARGENT 154 N MAIN ST ST ALBANS VT 05478 990 2023-01-01 030165895 WASHINGTON ELECTRIC COOPERATIVE INC WASH 8022235245 PO BOX 8 EAST MONTPELIER VT 05651 LOUIS PORTER GENERAL MANAGER 8022235245 2024-06-14 LOUIS PORTER 999009999 true GREGORY SARGENT CPA P01402903 8025249531 2024-06-19 2023 2023-04-26 12:10:37Z LOUIS PORTER PO BOX 8 EAST MONTPELIER VT 05651 24181478 false X WWW.WEC.COOP X COOPERATIVE 1939 VT TO PROVIDE RESIDENTIAL AND COMMERCIAL ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 9 8 39 0 700000 0 771 2083 1213896 1251518 5038931 6604941 6953598 7858542 0 458798 1067670 1498387 1637742 0 0 4996413 5153130 6953598 7858542 0 65420825 65549921 39876757 39308906 25544068 26241015 TO PROVIDE RESIDENTIAL AND COMMERCIAL ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. false false PROVIDE RESIDENTIAL AND COMMERCIAL ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. false false false false false false false false false true true 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 false true false false true 56 0 39 true false false false false false 22232590 1940101 false false false X 9 8 false false false false true true true true true false false false true true true true true false false false X TEIA GREENSLIT 8022235245 PO BOX 8 EAST MONTPELIER VT 05651 TEIA GREENSLIT DIR OF FINAN 45.00 X 143444 0 112508 JASON PRESTON MAINTENANCE 50.00 X 181723 0 40794 DAVE KRESOCK DIR OF OPER 45.00 X 164624 0 55442 KEVIN LANPHEAR LINEWORKER 50.00 X 172451 0 47134 AMOS TURNER CONSTRUCTION 47.00 X 172079 0 40879 LOUIS PORTER GENERAL MANA 41.00 X 158323 0 37219 DONALD DOUGLAS TREASURER 4.00 X X 6500 0 0 SUSAN ALEXANDER DIRECTOR 3.00 X 4850 0 0 MARY JUST SKINNER SECRETARY 10.00 X X 4850 0 0 ROGER FOX VICE PRESIDE 12.00 X X 4275 0 0 STEVE FARNHAM DIRECTOR 5.00 X 4270 0 0 STEVE KNOWLTON PRESIDENT JU 20.00 X X 4130 0 0 ELIZABETH ALLEN DIRECTOR 3.00 X 4125 0 0 JEAN HAMILTON DIRECTOR 2.50 X 2610 0 0 RICHARD RUBIN DIRECTOR 4.00 X 2175 0 0 1030429 333976 8 false true false ASPLUNDH TREE EXPERT CO 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 TREE TRIMMING 798529 MATT FOSTER LOGGING AND TREE SERVICE 430 BLACK RIVER RD CRAFTSBURY VT 05826 TREE TRIMMING 772774 RIGGS DISTLER & COMPANY PO BOX 71592 CHICAGO IL 606941592 STOM RESTORATIO 716308 RICH'S TREE SERVICE 251 HUTCHINS FARM RD EAST HARDWICK VT 05836 TREE TRIMMING 148533 4 POWER QUALITY/MERCHANDISING 2083 2083 2083 1238479 1238479 41032 41032 41032 41032 13039 13039 13039 13039 22849295 16322936 6526359 6526359 CAPITAL CREDITS 900099 37550 37550 37550 7858542 6539398 1319144 1067670 1067670 189781 189781 865530 865530 289373 289373 206061 206061 86997 86997 64659 64659 36760 36760 12026 12026 6683 6683 20141 20141 164417 164417 9875 9875 22161 22161 1177046 1177046 2507851 2507851 83717 83717 OTHER EXPENSES 653126 653126 GROSS REC. & GROSS REV TA 221408 221408 TIER 3 166875 166875 MEMBER EDUCATION 38570 38570 -32185 -32185 7858542 7858542 0 0 1404071 820735 3345428 4034287 529757 547801 1097168 837979 89259443 41869826 47759089 47389617 10441287 10961455 844025 958047 65420825 65549921 3845433 3190314 35707115 34925598 324209 1192994 39876757 39308906 X 25544068 26241015 25544068 26241015 65420825 65549921 X 0 696947 X false true X true false 2197433 1157027 1040406 87062010 40712799 46349211 47389617 VERMONT TRANSCO LLC - CLASS B UNITS 5215404 C VERMONT TRANSCO LLC - CLASS A UNITS 4097826 C COVENTRY CLEAN ENERGY COR 384291 C N.R.U.C.F.C CAPITAL TERM CERT 383610 C N.R.U.C.F.C. PATRONAGE CAPITAL 354097 C VELCO COMMON STOCK - CLASS B 265600 C NISC PATRON. CAPITAL CERTIF. 119048 C VELCO COMMON STOCK - CLASS C 101900 C PATRONAGE CAPITAL CERT - OTHER COOPS 26389 C CRC 10000 C VELCO PREFERRED STOCK - CLASS C 1793 C COOPERATIVE FINANCE CORP 1000 C RURAL ELECTRIC VERMONT ASSOC 497 C 10961455 CFC LOC 757996 DEFERRED CREDITS 247659 CUSTOMER DEPOSITS 187339 1192994 X SCHEDULE D, PAGE 3, PART X ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES (FORMERLY FASB INTERPRETATION NO. 48) REQUIRES THE COOPERATIVE TO EVALUATE ITS INCOME TAX POSITIONS TO DETERMINE IF THERE ARE ANY POSITIONS THAT WOULD REQUIRE ANY ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COOPERATIVE HAS DETERMINED THAT IT HAS NO UNCERTAIN INCOME TAX POSITIONS THAT NEED TO BE RECORDED OR REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE TAX YEARS ENDING DECEMBER 31, 2023, 2022, 2021, AND 2020 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. X X X false false false TEIA GREENSLIT DIR OF FINANCE & ADM 135684 7760 91495 21013 255952 JASON PRESTON MAINTENANCE FOREMAN 175431 6292 19781 21013 222517 DAVE KRESOCK DIR OF OPER & ENG. 158055 6569 34429 21013 220066 KEVIN LANPHEAR LINEWORKER 165862 6589 26121 21013 219585 AMOS TURNER CONSTRUCTION FOREMAN 164953 7126 19866 21013 212958 LOUIS PORTER GENERAL MANAGER 151996 6327 16206 21013 195542 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS WHO ARE ALSO THE CONSUMERS OF THE ELECTRICITY SOLD BY THE COOPERATIVE FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE COOPERATIVE ELECT THE GOVERNING BOARD FORM 990, PAGE 6, PART VI, LINE 7B PERSUANT TO WEC'S BYLAWS AND VERMONT STATUTE NOTED BELOW, CERTAIN ACTIONS BY THE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY A VOTE OF THE MEMBERSHIP. MERGER OR CONSOLIDATION (30 V.S.A. 3020 AND 3021) SALE OR LEASE OF SUBSTANTIAL PORTION OF PROPERTY (30 V.S.A. 3032) COMMENCEMENT OF CONSTRUCTION OF GENERATION OR TRANSMISSION FACILITIES, OR LONG-TERM AND SUBSTANTIAL OUT-OF-STATE POWER PURCHASES (30 V.S.A. 248(C) AND 3044) FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE MANAGER COORDINATES THE TAX RETURN PREPARATION AND REVIEW THE RETURN. THE GENERAL MANAGER ALSO REVIEWS AND SIGNS THE RETURN BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEES AND DIRECTORS SIGN AN ACKNOWLEDGEMENT FORM THAT THEY HAVE READ AND UNDERSTAND THE CODE OF ETHICS POLICY, WHICH INCLUDES THE ORGANIZATIONS WRITTEN CONFLICT OF INTEREST POLICY. THE CURRENT POLICY WAS ADOPTED IN 2007. SINCE ADOPTION NEW EMPLOYEES AND DIRECTORS HAVE ALSO SIGNED AND ACKNOWLEDGED THE SAME FORM. FORM 990, PAGE 6, PART VI, LINE 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH A LINK ON OUR WEBSITE. FORM 990, PART XI, LINE 9 NEW MEMBERSHIPS ISSUED AND SUBSCRIBED FOR 9,240 PATRONAGE MARGINS ALLOCATED, NOT PAID 1,067,670 PATRONAGE REBATES -379,963 TOTAL 696,947 COVENTRY CLEAN ENERGY CORPORATION PO BOX 8 EAST MONTPELIER VT 05651 562398193 ELEC. PROD VT WASHINGTON ELECTRIC COOPERATIVE C CORP 8787 450393 1.00000 false true false false true false false false false false true true false false false true false true false false