2024-11-15T11:51:33-06:00 2023-12-31 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2023-01-01 570299350 CENTRAL ELECTRIC POWER COOPERATIVE INC CENT 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 2024-11-13 1 1 SHELLIE S JOHNSON P00294226 8037718943 2024-11-13 2023 2024-10-15 13:58:12Z RYAN THOMAS 20 COOPERATIVE WAY COLUMBIA SC 29210 1501905360 0 X WWW.CEPCI.ORG X 1948 SC CENTRAL EXISTS TO PROVIDE RELIABLE POWER DELIVERY FOR THE BENEFIT OF OUR MEMBERS. 39 39 64 0 0 0 0 0 1456068301 1494167752 757751 1167320 2196319 -1010026 1459022371 1494325046 8046310 8957330 12398749 12494852 11005118 11769194 0 0 0 1427550620 1461419212 1459000797 1494640588 21574 -315542 519315059 579816387 443946712 491766054 75368347 88050333 CENTRAL IS A GENERATION AND TRANSMISSION (G&T) COOPERATIVE SUPPLYING POWER TO NINETEEN MEMBER DISTRIBUTION COOPERATIVES IN SOUTH CAROLINA. CENTRAL CONSTRUCTS TRANSMISSION TAP LINES TO SERVE SUBSTATIONS OWNED BY THE DISTRIBUTION COOPERATIVES. 0 0 CENTRAL EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. WE WILL PROVIDE A RELIABLE, LONG TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. WE WILL PROVIDE FOR RELIABLE DELIVERY OF POWER, WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. WE WILL PROVIDE ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES AS DIRECTED BY THE BOARD OF TRUSTEES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 99 0 1 64 1 0 0 0 0 0 1489613294 4711752 0 1 0 X 39 39 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA RI NC X RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 X A BERL DAVIS SECRETARY/TREASURER 7.00 X X 28006 0 0 ANDY MCKNIGHT TRUSTEE 5.00 2.00 X 12053 0 0 ANITA P WHITNEY TRUSTEE 7.00 X 16662 0 0 B ROBERT PAULLING TRUSTEE 5.00 4.00 X 19852 4963 0 BRIAN W BROUGHTON TRUSTEE 5.00 X 25170 4254 0 CAROLYN BOYD TRUSTEE 5.00 X 15953 0 0 CHAD T LOWDER TRUSTEE 7.00 2.00 X 26942 0 0 CHARLES R SMITH TRUSTEE 5.00 X 13471 0 0 CHARLES R ALLEN TRUSTEE 5.00 X 21270 0 0 DAVID EFELKEL TRUSTEE 5.00 2.00 X 21979 3545 0 DOUGLAS A REEVES VICE CHAIRMAN 7.00 X X 35096 0 0 E PAUL BASHA CHAIRMAN 7.00 2.00 X X 60620 8508 0 FRANKLIN M LOOPER JR TRUSTEE 5.00 2.00 X 14180 0 0 G KEITH AVERY TRUSTEE 5.00 2.00 X 19852 0 0 GARY L STOOKSBURY TRUSTEE 5.00 X 26588 4254 0 HAMER L PARNELL TRUSTEE 5.00 X 11344 0 0 J DAVID WASSON JR TRUSTEE 7.00 2.00 X 25524 2836 0 H WAYNE DEWITT TRUSTEE 5.00 X 17371 0 0 JOHNNIE L DICKERT TRUSTEE 5.00 X 16662 6381 0 ROBERT G ARDIS III TRUSTEE 7.00 X 29424 0 0 STEVE CHEWNING TRUSTEE 7.00 2.00 X 18789 0 0 TERRY W MALLARD TRUSTEE 5.00 2.00 X 23397 8863 0 MARK L WALLING TRUSTEE 5.00 X 21979 0 0 WILLIAM L FLEMING JR TRUSTEE 5.00 X 22688 0 0 MITCHELL RABON TRUSTEE 5.00 X 12762 0 0 JAMES L LOVINGGOOD TRUSTEE 5.00 X 24106 0 0 WF DAVIS TRUSTEE 7.00 X 7799 4254 0 BRUCE BACON TRUSTEE 5.00 X 19852 0 0 JAMES E STEWART JR TRUSTEE 5.00 X 12762 0 0 MARY B SHERIDAN TRUSTEE 5.00 2.00 X 15598 10635 0 JAMES M BUNTON JR TRUSTEE 5.00 2.00 X 13471 6381 0 CHARLES E ADAIR TRUSTEE 5.00 X 13471 2127 0 JAMES L ROWE TRUSTEE 5.00 4.00 X 18434 2482 0 BARBARA F WESTON TRUSTEE 5.00 X 14180 4254 0 JAMES A RISINGER TRUSTEE 5.00 X 14180 0 0 MICHAEL FULLER TRUSTEE - SEE SCHEDULE O 5.00 2.00 X 0 0 0 DANNY SHELLEY TRUSTEE - SEE SCHEDULE O 7.00 X 0 0 0 FRANKLIN C BLANTON TRUSTEE 5.00 X 12053 0 0 JEFFREY M LEWIS TRUSTEE 5.00 X 19143 0 0 TRAVIS BURRISS TRUSTEE 5.00 X 3545 0 0 KENNETH T CARTER TRUSTEE 5.00 X 2127 0 0 MATTHEW D STANLEY TRUSTEE 5.00 X 2127 0 0 ROBERT HOCHSTETLER PRESIDENT & CEO 40.00 X 954669 0 447012 MRYAN THOMAS SVP OF ADMINISTRATION & CFO 40.00 X 434371 0 120193 MARK A SVRCEK SVP OF MEMBER SOLUTIONS 40.00 X 117935 0 62890 JAMES COLE PRICE SVP OF MEMBER SERVICES 40.00 X 349087 0 119024 WILLIAM WARE VP OF ENGINEERING & ENGINE 40.00 X 261819 0 142914 MARCUS HARRIS SVP OF PLANNING AND POWER SUPPLY 40.00 X 119698 0 18747 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 40.00 X 204658 0 97931 GERALD FLEMING DIRECTOR OF POWER SUPPLY 40.00 X 199998 0 96901 JAMES TINDAL DIRECTOR OF TRANSMISSION D 40.00 X 175380 0 161284 DINAH RAVEN CORPORATE CONTROLLER 40.00 X 175231 0 62298 TERESA KANTER DIRECTOR OF POWER SUPPLY OPERATIONS 40.00 X 200217 0 24198 JOHN BRANTLEY SR VP OF ADMINISTRATION 40.00 X 27627 0 80937 3971172 73737 1434329 35 1 1 0 LEE ELECTRICAL CONSTRUCTION INC POST OFFICE BOX 55 ABERDEEN NC 28315 CONSTRUCTION AND MAINTENANCE 3364172 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 46032 MARKETING 2032723 TIENCKEN LAW FIRM LLC 234 SEVEN FARMS DRIVE DANIEL ISLAND SC 29492 LEGAL 1808273 EC CONSULTING SOURCE SERVICES LLC 16055 SPACE CENTER BLVD SUITE 500 HOUSTON TX 77062 CONSTRUCTION AND MAINTENANCE 1518003 EVERSHEDS SUTHERLAND LLC 999 PEACHTREE ST NE ATLANTA GA 30309 LEGAL 1470747 39 SALES OF ELECTRIC ENERGY 221000 1494167752 1494167752 1494167752 1641127 1641127 7106507 7580314 -473807 -473807 -473807 PATRONAGE CAPITAL 221000 284599 284599 MISCELLANEOUS 221000 114002 114002 ABANDONED PROJECTS 221000 -1408627 -1408627 -1010026 1494325046 1493157726 0 1167320 8957330 12494852 3907822 4805499 1483495 1055558 516820 2426284 119651 60749 7937770 43056 201717 1048021 534797 242394 289740 8605929 13997355 247921 PURCHASED AND GENERATED 1394338688 OPERATIONS & MAINTENANC 16249955 TAXES-TRANSMISSION 9445646 ORGANIZATION & PROFESSI 3689656 1939883 1494640588 7625 7689 11933418 45651189 157572631 143469760 1223774 995658 2555203 25048586 448299446 124462588 314721641 323836858 5530813 5558994 5464270 11896262 20305684 23351391 519315059 579816387 146294640 153131601 14607565 19997025 281404236 316498672 1640271 2138756 443946712 491766054 X 1173 1173 0 0 75367174 88049160 75368347 88050333 519315059 579816387 X -315542 12997528 X 0 1 X 1 0 90801101 90801101 12625228 2467439 10157789 319246542 121995149 197251393 25626575 25626575 323836858 ASSET RETIREMENT OBLIGATION 2138756 2138756 1494616990 0 1494616990 -291944 -291944 1494325046 1482122137 0 1482122137 12518451 12518451 1494640588 PART XI, LINE 4B - OTHER ADJUSTMENTS: CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST #34-7164073 -291,944. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARGINS ALLOCATED TO MEMBERS 12,494,852. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFEIT TRUST 34-7164073 23,599. 1 BROAD RIVER ELECTRIC COOPERATIVE INC PO BOX 2269 GAFFNEY SC 29342 570128696 501(C)(12) 300000 0 ECONOMIC DEVELOPMENT COASTAL ELECTRIC COOPERATIVE INC 2269 JEFFRIES HWY WALTERBORO SC 29488 570143233 501(C)(12) 549687 0 ECONOMIC DEVELOPMENT PEE DEE ELECTRIC COOPERATIVE INC PO BOX 491 DARLINGTON SC 29540 570223728 501(C)(12) 2000000 0 ECONOMIC DEVELOPMENT YORK ELECTRIC COOPERATIVE INC PO BOX 150 YORK SC 29745 570274084 501(C)(12) 21565 0 ECONOMIC DEVELOPMENT NEWBERRY ELECTRIC COOPERATIVE PO BOX 477 NEWBERRY SC 29108 570216285 501(C)(12) 1500000 0 ECONOMIC DEVELOPMENT SANTEE ELECTRIC COOPERATIVE INC PO BOX 548 KINGSTREE SC 29556 570240935 501(C)(12) 1100000 0 ECONOMIC DEVELOPMENT AIKEN ELECTRIC COOPERATIVE INC PO BOX 417 AIKEN SC 29802 570113065 501(C)(12) 1525000 0 ECONOMIC DEVELOPMENT EDISTO ELECTRIC COOPERATIVE INC PO BOX 547 BAMBERG SC 29003 570158355 501(C)(12) 16350 0 ECONOMIC DEVELOPMENT LITTLE RIVER ELECTRIC COOPERATIVE INC PO BOX 927 ABBEVILLE SC 29620 570199889 501(C)(12) 65000 0 ECONOMIC DEVELOPMENT BLACK RIVER ELECTRIC COOPERATIVEINC PO BOX 130 SUMTER SC 29151 570124487 501(C)(12) 300000 0 ECONOMIC DEVELOPMENT FAIRFIELD ELECTRIC COOPERATIVE INC PO BOX 2500 BLYTHEWOOD SC 29016 570161235 501(C)(12) 1579728 0 ECONOMIC DEVELOPMENT PART I, LINE 2: ECONOMIC DEVELOPMENT GRANT PROGRAMS ARE ADMINISTERED THROUGH PALMETTO ECONOMIC DEVELOPMENT CORPORATION AND ITS BOARD. EXCEPTIONS TO THESE PROGRAM GUIDELINES MUST BE APPROVED BY CENTRAL'S BOARD. X 1 1 X X X X X 0 1 0 ROBERT HOCHSTETLER PRESIDENT & CEO 917500 0 18866 0 18303 0 416222 0 30790 0 1401681 0 0 0 MRYAN THOMAS SVP OF ADMINISTRATION & CFO 379641 0 50720 0 4010 0 90762 0 29431 0 554564 0 0 0 JAMES COLE PRICE SVP OF MEMBER SERVICES 336557 0 9426 0 3104 0 93612 0 25412 0 468111 0 0 0 WILLIAM WARE VP OF ENGINEERING & ENGINE 254648 0 7948 0 -777 0 115111 0 27803 0 404733 0 0 0 JAMES TINDAL DIRECTOR OF TRANSMISSION D 170647 0 6421 0 -1688 0 138488 0 22796 0 336664 0 0 0 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 204411 0 2821 0 -2574 0 74547 0 23384 0 302589 0 0 0 GERALD FLEMING DIRECTOR OF POWER SUPPLY 193068 0 6771 0 159 0 73688 0 23213 0 296899 0 0 0 DINAH RAVEN CORPORATE CONTROLLER 168388 0 6851 0 -8 0 46057 0 16241 0 237529 0 0 0 TERESA KANTER DIRECTOR OF POWER SUPPLY OPERATIONS 186379 0 4181 0 9657 0 8605 0 15593 0 224415 0 0 0 MARK A SVRCEK SVP OF MEMBER SOLUTIONS 96211 0 12908 0 8816 0 52129 0 10761 0 180825 0 0 0 MARCUS HARRIS SVP OF PLANNING AND POWER SUPPLY 63344 0 50626 0 5728 0 14105 0 4642 0 138445 0 0 0 JOHN BRANTLEY SR VP OF ADMINISTRATION 3011 0 13296 0 11320 0 80371 0 566 0 108564 0 11320 0 PART I, LINE 1A AS PART OF ITS WELLNESS PROGRAM, CENTRAL OFFERS EACH EMPLOYEE AND THEIR COVERED FAMILY MEMBER $20 PER MONTH TOWARDS THEIR HEALTH CLUB MEMBERSHIP. UNTIL THE ANNUAL CAP OF $240 FOR THOSE WITH "EMPLOYEE ONLY" MEDICAL PLAN COVERAGE AND $480 FOR THOSE WITH "EMPLOYEE PLUS" (SPOUSE, CHILD, FAMILY) IS MET, CENTRAL WILL ALSO REIMBURSE UP TO $150 PER EMPLOYEE ANNUALLY FOR THE COST OF FITNESS EQUIPMENT. PART I, LINE 3 CENTRAL OBTAINS AN INDEPENDENT, THIRD-PARTY WAGE AND SALARY STUDY EVERY THREE YEARS. EVERY YEAR, CENTRAL PARTICIPATES IN A COMPENSATION AND BENEFITS SURVEY PERFORMED BY THE COOPERATIVE SYSTEM'S NATIONAL ORGANIZATION. THESE MARKET COMPARABLES ARE REVIEWED BY THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. PART I, LINE 4B CENTRAL'S PRESIDENT AND CEO, ROBERT HOCHSTETLER, SVP OF ADMINISTRATION AND CFO, RYAN THOMAS, AND SVP OF PLANNING AND POWER, MARCUS HARRIS PARTICIPATED IN CENTRAL'S 457(B) DEFERRED COMPENSATION PLAN ESTABLISHED IN 2010. IN 2023, HOCHSTETLER, THOMAS, AND HARRIS EACH ELECTED TO DEFER $22,500 OF SALARY UNTIL REACHING NORMAL RETIREMENT DATE. IN 2023, JAMES C. PRICE, RYAN THOMAS, MARCUS HARRIS, AND JOHN BRANTLEY PARTICIPATED IN CENTRAL'S EXECUTIVE BENEFIT RESTORATION PLAN. BENEFITS ACCRUED UNDER THIS PLAN ARE ACTUARIALLY DETERMINED BASED ON SALARY, AGE, AND YEARS OF SERVICE. IN 2023, JOHN BRANTLEY RECEIVED A PAYOUT OF $11,320 WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). AS INDICATED ON SCHEDULE J, PART II, COLUMN F, THIS PAYOUT WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990. FORM 990, PART VI, SECTION A, LINE 2 CENTRAL'S 19 MEMBER DISTRIBUTION COOPERATIVES EACH HAVE REPRESENTATION OF TWO MEMBERS TO THE BOARD. THESE REPRESENTATIVES CONSIST OF THE COOPERATIVE'S CHIEF EXECUTIVE OFFICER AND A MEMBER OF THE COOPERATIVE'S BOARD OF TRUSTEES. IN EACH CASE, THESE TWO PEOPLE WOULD HAVE A BUSINESS RELATIONSHIP OUTSIDE OF CENTRAL'S BOARD. BOARD MEMBERS ALSO SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS TOGETHER. FORM 990, PART VI, SECTION A, LINE 6 CENTRAL'S MEMBERSHIP CONSISTS OF NINETEEN DISTRIBUTION COOPERATIVES WITH REPRESENTATION OF TWO TRUSTEES EACH ON CENTRAL'S BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH DISTRIBUTION COOPERATIVE ELECTS ONE BOARD MEMBER FROM ITS OWN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE RETURN WAS REVIEWED BY THE FINANCE, AUDIT AND RISK COMMITTEE AND THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM SIGNED BY EACH BOARD MEMBER AND RETAINED FOR RECORDS FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS CENTRAL HIRES AN OUTSIDE CONSULTANT TO PERFORM AN INDEPENDENT SALARY STUDY. THE CONSULTANT REVIEWS THE JOB DESCRIPTIONS OF ALL CENTRAL EMPLOYEES, INCLUDING THE CEO, OFFICERS AND KEY EMPLOYEES. SALARY GRADE SCALES ARE APPLIED TO EACH POSITION AND A SALARY RANGE DETERMINED. IN ADDITION, MARKET COMPARABLES ARE REVIEWED FOR THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. FORM 990, PART VI, SECTION C, LINE 19 NOT AVAILABLE FOR PUBLIC INSPECTION. PART VII, SECTION A - PER DIEM PAID TO COOPERATIVE TWO TRUSTEES DID NOT RECEIVE COMPENSATION FOR SERVING ON THE BOARD OF TRUSTEES BECAUSE COMPENSATION WAS PAID DIRECTLY TO THE COOPERATIVE EMPLOYING THE INDIVIDUAL. DANNY SHELLEY IS EMPLOYED BY HORRY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $22,688, WAS PAID DIRECTLY TO THAT COOPERATIVE. MICHAEL S. FULLER IS EMPLOYED BY BERKELEY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $25,879, WAS PAID DIRECTLY TO THAT COOPERATIVE. FORM 990, PART XI, LINE 9: MARGINS ALLOCATED TO MEMBERS 12,494,852. OTHER COMPREHENSIVE MARGIN RELATED TO POSTRETIREMENT BENEFIT OBLIGATION 394,251. OTHER COMPREHENSIVE MARGIN RELATED TO EXECUTIVE BENEFIT OBLIGATION -213,304. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST 34-7164073 315,543. OTHER COMPREHENSIVE MARGIN RELATED TO UNREALIZED INVESTMENT GAIN/LOSS 6,186. PALMETTO ECONOMIC DEVELOPMENT CORP 1201 MAIN STREET COLUMBIA SC 29201 570873176 ECONOMIC DEVELOPMENT FOR ELECTRIC COOPERATIVES SC 501(C)(3) LINE 3 CENTRAL ELECTRIC POWER COOPERATIVE INC 1 DEMAND SIDE TOOLS LLC 20 COOPERATIVE WAY COLUMBIA SC 29210 352648278 COMPUTER SOFTWARE SC RELATED -5322 51624 0 1 0.50000 COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC 101 ENTERPRISE WAY WEST COLUMBIA SC 29170 MATERIAL SUPPLIER FOR ELECTRIC COOPERATIVES SC C 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 PALMETTO ECONOMIC DEVELOPMENT CORP L 4175000 ACTUAL COST COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC A 2611480 ACTUAL COST