PRESQUE ISLE ELECTRIC & GAS CO-OP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PRESQUE ISLE ELECTRIC & GAS CO-OP (EIN 38-0941545)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-07-26
- IRS object ID
- 202402089349300510
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-07-26T08:55:48-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4585 Coleman St Ste 200 | AddressLine1Txt |
| City | Bismarck | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 380941545 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presque Isle Electric & Gas Co-op | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 9897338515 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 308 | AddressLine1Txt |
| City | Onaway | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49765 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Allan Berg | PersonNm |
| Person Title | Current President & CEO | PersonTitleTxt |
| Phone | 9897338515 | PhoneNum |
| Signature | 2024-07-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lisa Chaffee CPA | PreparerPersonNm |
| PTIN | P00193453 | PTIN |
| Phone | 7012551091 | PhoneNum |
| Preparation | 2024-07-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Allan Berg | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 308 | AddressLine1Txt |
| City | Onaway | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,930,560 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pieg.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | To provide energy and other services to sustain and improve the quality of life for our members through the use of a cooperative business structure. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 130 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,126,354 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,126,354 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $55,706,874 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $60,679,105 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$1,283,710 | PYInvestmentIncomeAmt |
| CY Investment Income | -$1,125,437 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,070 | PYOtherRevenueAmt |
| CY Other Revenue | $14,783 | CYOtherRevenueAmt |
| PY Total Revenue | $55,556,588 | PYTotalRevenueAmt |
| CY Total Revenue | $60,694,805 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,292,919 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,718,905 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,729,017 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,523,112 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $48,459,631 | PYOtherExpensesAmt |
| CY Other Expenses | $49,370,080 | CYOtherExpensesAmt |
| PY Total Expenses | $61,481,567 | PYTotalExpensesAmt |
| CY Total Expenses | $63,612,097 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$5,924,979 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,917,292 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $186,492,405 | TotalAssetsBOYAmt |
| Total Assets EOY | $219,484,162 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $135,060,205 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $168,291,549 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $51,432,200 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $51,192,613 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To provide energy and other services to sustain and improve the quality of life for our members through the use of a cooperative business structure. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | The Presque Isle Electric & Gas Co-op served 35,099 electric members and 13,413 natural gas members. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 130 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $61,324,693 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $565,016 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Allan Berg | PersonNm |
| Phone | 9897338515 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 308 | AddressLine1Txt |
| City | Onaway | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| John Brown Chairman Until Oct | ||||||||
| 23)/ Vice Chairman (As of Nov 23) | 13.00 | 0.01 | Yes (X) | Yes (X) | $15,010 | $0 | $0 | |
| Allan Berg Vice Chairman | ||||||||
| (Until Oct 23)/Chairman (As of Nov 23) | 7.80 | 0.01 | Yes (X) | Yes (X) | $13,670 | $0 | $0 | |
| Sandy Borowicz | ||||||||
| Secretary | 12.00 | 0.01 | Yes (X) | Yes (X) | $13,570 | $0 | $0 | |
| Charles Arbour | ||||||||
| Treasurer (Until Oct 23) | 6.00 | 0.00 | Yes (X) | Yes (X) | $9,740 | $0 | $0 | |
| Brent Lucas Director Until | ||||||||
| Oct 23)/Treasurer (As of Oct 23) | 12.00 | 0.00 | Yes (X) | Yes (X) | $13,470 | $0 | $0 | |
| Christopher Nagel | ||||||||
| Director ( As of Nov 23) | 4.00 | 0.00 | Yes (X) | $2,110 | $0 | $0 | ||
| Sally Knopf | ||||||||
| Director | 7.00 | 0.00 | Yes (X) | $12,120 | $0 | $0 | ||
| Kurt Krajniak | ||||||||
| Director | 7.50 | 0.00 | Yes (X) | $14,010 | $0 | $0 | ||
| Raymond Wozniak | ||||||||
| Director | 9.00 | 0.00 | Yes (X) | $13,740 | $0 | $0 | ||
| Daryl Peterson | ||||||||
| Director | 6.50 | 0.00 | Yes (X) | $12,390 | $0 | $0 | ||
| Thomas Sobeck | ||||||||
| CEO | 45.00 | 0.50 | Yes (X) | $221,494 | $0 | $51,892 | ||
| Randy Stempky | ||||||||
| CFO | 45.00 | 0.25 | Yes (X) | $106,813 | $0 | $69,000 | ||
| Kenniston Butler | ||||||||
| Working Foreman | 53.50 | 0.00 | $165,838 | $0 | $40,303 | Yes (X) | ||
| David Bruce | ||||||||
| Class A Lineman | 49.50 | 0.00 | $149,056 | $0 | $27,659 | Yes (X) | ||
| Thomas Pauly | ||||||||
| Class A Lineman | 51.50 | 0.00 | $149,922 | $0 | $39,896 | Yes (X) | ||
| Kenneth Wirgau | ||||||||
| Class A Lineman | 54.00 | 0.00 | $157,939 | $0 | $40,419 | Yes (X) | ||
| Dean Estep | ||||||||
| Class A Lineman | 52.50 | 0.00 | $163,317 | $0 | $42,761 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,234,209 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $311,930 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| B&M Ashman Inc | |||||
| 8455 Ronda DE | Canton | MI | 48187 | Construction | $14,098,192 |
| Northern Utility Contractors Inc | |||||
| 12970 Robins Ridge Rd | Charlevoix | MI | 49720 | Drop Construction | $2,175,040 |
| Kent Power | |||||
| 7800 Childsdale Ave NE | Rockford | MI | 49341 | Construction | $2,166,064 |
| Conexon LLC | |||||
| 2001 Grand Blvd Ste 700 | Kansas City | MO | 64108 | Construction Management | $1,763,623 |
| Trees Inc | |||||
| 708 Blair Mill Rd | Willow Grove | PA | 19090 | Tree Trimming | $767,110 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,126,354 | GovernmentGrantsAmt |
| Total Contributions | $1,126,354 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Electric & Gas Sales | 221000 | $55,844,156 | $55,844,156 |
| Capital Credits | 221000 | $2,412,791 | $2,412,791 |
| Broadband Services | 517000 | $1,912,870 | $1,912,870 |
| Other Member Services | 221000 | $498,576 | $498,576 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,712 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,712 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $60,679,105 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,085 | TotalRevenueColumnAmt |
| Exclusion | $48,085 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,173,522 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$1,173,522 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,173,522 | TotalRevenueColumnAmt |
| Exclusion | -$1,173,522 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $77,016 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $62,233 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,783 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,783 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,694,805 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,693,888 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$1,125,437 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,718,905 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $577,039 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,274,934 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $939,616 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $731,523 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,404,650 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,319,694 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of Energy | $27,739,701 |
| Distribution - Ops & Ma | $9,363,217 |
| Administrative and Gene | $3,858,622 |
| Customers Accounts & Se | $3,434,939 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$7,750,743 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,612,097 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $765,020 | BOYAmt |
| EOY | $208,996 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,575,933 | BOYAmt |
| EOY | $5,081,755 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,835,052 | BOYAmt |
| EOY | $6,476,997 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,550,148 | BOYAmt |
| EOY | $16,175,199 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,877 | BOYAmt |
| EOY | $295,118 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $244,191,210 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $84,680,990 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,868,070 | BOYAmt |
| EOY | $159,510,220 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,549,458 | BOYAmt |
| EOY | $3,657,871 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,086,847 | BOYAmt |
| EOY | $28,078,006 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,492,405 | BOYAmt |
| EOY | $219,484,162 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,900,573 | BOYAmt |
| EOY | $10,057,735 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $515,260 | BOYAmt |
| EOY | $501,801 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,627,673 | BOYAmt |
| EOY | $140,733,265 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,180,974 | BOYAmt |
| EOY | $15,055,338 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,835,725 | BOYAmt |
| EOY | $1,943,410 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,060,205 | BOYAmt |
| EOY | $168,291,549 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $318,220 | BOYAmt |
| EOY | $325,255 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,113,980 | BOYAmt |
| EOY | $50,867,358 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,432,200 | BOYAmt |
| EOY | $51,192,613 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,492,405 | BOYAmt |
| EOY | $219,484,162 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,917,292 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,677,705 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $953,225 | OtherCostOrOtherBasisAmt |
| Book Value | $953,225 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,523,088 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,296,571 | DepreciationAmt |
| Book Value | $21,226,517 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $192,886,004 | OtherCostOrOtherBasisAmt |
| Depreciation | $82,384,419 | DepreciationAmt |
| Book Value | $110,501,585 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,828,893 | OtherCostOrOtherBasisAmt |
| Book Value | $26,828,893 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $159,510,220 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Investments in Associated Organizat | $26,621,449 |
| Investment in Subsidiary | $1,456,557 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $28,078,006 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Deferred Credits | $974,497 |
| Accrued post-retirement Benefits | $897,465 |
| Patronage Capital Payable | $71,448 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,943,410 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $60,694,805 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $60,694,805 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $60,694,805 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,893,192 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $60,893,192 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,718,905 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,718,905 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $63,612,097 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The members of the Cooperative can elect to round up their monthly electric bill to the next dollar. These funds collected from the membership are held in a Cooperative account until the disbursed to the Operation Round Up. These funds are transferred directly to the Operation Round Up monthly. Funds that exist at the beginning and end of year are a result of a timing difference in the collection of these funds and the disbursement of the funds. The amounts held were $0 and $0 for the years ending December 31, 2023 and December 31, 2022. |
| Part X, Line 2: | The Company evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31, 2023 and 2022, the unrecognized tax benefits accrual was zero. The Company will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. |
| Part XII, Line 4b - Other Adjustments: | Patronage Capital Credits Allocated for Current Year 2,718,905. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thomas Sobeck | ||||||||||||||
| CEO | $212,463 | $0 | $0 | $0 | $9,031 | $0 | $38,491 | $0 | $16,316 | $0 | $276,301 | $0 | $0 | $0 |
| Dean Estep | ||||||||||||||
| Class A Lineman | $162,471 | $0 | $0 | $0 | $846 | $0 | $10,125 | $0 | $34,524 | $0 | $207,966 | $0 | $0 | $0 |
| Kenniston Butler | ||||||||||||||
| Working Foreman | $165,295 | $0 | $0 | $0 | $543 | $0 | $10,517 | $0 | $31,603 | $0 | $207,958 | $0 | $0 | $0 |
| Kenneth Wirgau | ||||||||||||||
| Class A Lineman | $157,591 | $0 | $0 | $0 | $348 | $0 | $10,069 | $0 | $32,166 | $0 | $200,174 | $0 | $0 | $0 |
| Thomas Pauly | ||||||||||||||
| Class A Lineman | $149,648 | $0 | $0 | $0 | $274 | $0 | $10,110 | $0 | $31,603 | $0 | $191,635 | $0 | $0 | $0 |
| David Bruce | ||||||||||||||
| Class A Lineman | $148,561 | $0 | $0 | $0 | $495 | $0 | $0 | $0 | $29,219 | $0 | $178,275 | $0 | $0 | $0 |
| Randy Stempky | ||||||||||||||
| CFO | $105,884 | $0 | $0 | $0 | $929 | $0 | $33,521 | $0 | $37,118 | $0 | $177,452 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part II, Column C: | FormAndLineReferenceDesc |
| Explanation | Compensation of Officers, Directors, Key Employee, Highest Compensated Employees: Included in other compensation for the CEO and CFO is the estimated current year increase in the actuarial value of the defined benefit plan. These amounts do not represent any current year contributions to the plan. They are estimates of the increase in the actuarial value of the plans received from the NRECA. The current year expense and the increase in actuarial value for each employee are reflected in the statement for Form 990, Part VII, Column f. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1a | The Fiber to Home committee is the only committee that has the authorization to make decisions on behalf of the board. This committee has the authority to make decisions regarding construction details and financing for the Fiber to Home operations. There are no other committees that can act on behalf of the governing board. |
| Form 990, Part VI, Section A, line 6 | There is only one class of members. Each member receives one vote. Each member vote carries the same weight. |
| Form 990, Part VI, Section A, line 7a | The members of the Cooperative elect the governing board. |
| Form 990, Part VI, Section A, line 7b | 1) Members elect the board of directors. 2) Members can remove a board director by two-thirds vote. 3) Amendments to bylaws are approved by the members or two-thirds vote of the board of directors. |
| Form 990, Part VI, Section B, line 11b | The Form 990 is reviewed by the CEO, CFO and the governing Board of Directors prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | Annually, the Board and key management officers must review the conflict of interest policy and submit a certification and disclosure form to the Board Chairman and CEO. Any potential conflicts are disclosed to the disinterested board members. The disinterested board members deliberate and vote regarding the transaction outside the presence and voting of the interested person. The deliberation is noted in the board minutes. If an individual has an actual conflict of interest they have thirty day to resolve the conflict or they are removed from the Board. |
| Form 990, Part VI, Section B, line 15 | The Board conducts an evaluation of the CEO's compensation using the NRECA national compensation survey. The CFO's compensation is determined by the CEO who then presents it the Board for approval. The deliberation is documented in the executive session minutes. |
| Form 990, Part VI, Section C, line 19 | The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. |
| Form 990, Part VII, Section A, Column (F) | Compensation of Officers for CEO and CFO: Included in column "F", estimated amount of other compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Thomas Sobeck was $3,766 and $15,169 for Randy Stempky. These amounts are estimates in the increase of the value of the plan and are not current year expenses of the Cooperative. The current year expense for this defined benefit plan was $14,692 and $7,699 for Thomas and Randy, respectively. |
| Form 990, Part IX, Line 4 | The Cooperative has interpreted the instructions to Part IX, Line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the Bylaws of the Cooperative. |
| Form 990, Part IX, Line 24e: | The labor, pension and payroll taxes reported on lines 5-10 are already included in distribution expense, administrative & general expense and customer expense. Therefore, these amounts are being subtracted out as an other deduction on line 24e in the amount of $(11,523,112). |
| Form 990, Part XI, line 9: | Retirement of capital credits -48,235. Patronage Allocation 2,718,905. Change in Memberships 7,035. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presque Isle Electric & Gas Communities First Fund | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 308 | AddressLine1Txt |
| City | Onaway | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383375631 | EIN |
| Primary Activities | Charitable | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presque Isle Electric & Gas Co-op | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presque Isle Aurora Gas Assets | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 308 | AddressLine1Txt |
| City | Onaway | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382514732 | EIN |
| Primary Activities | Gas Assets | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presque Isle Gas & Electric Co-op | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $251,474 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $1,843,360 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Presque Isle Aurora Gas Assets | ||
| K | $240,479 | Cost |
| Presque Isle Aurora Gas Assets | ||
| F | $1,000,000 | Board Resolution |