2023-04-18T14:06:41-07:00 2022-12-31 990 2022-01-01 582231201 GEORGIA TRANSMISSION CORPORATION GEOR 7702707400 2100 East Exchange Place Tucker GA 30084 Jenny Buttrey Assistant Controller 7702707214 2023-04-18 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Jenny Buttrey 2100 E Exchange Pl Tucker GA 30084 380617270 0 X www.gatransmission.com X 1996 GA Transmission of Electricity 13 13 351 0 0 0 0 0 369573257 377638104 2159049 2979166 0 0 371732306 380617270 0 0 16146885 23304606 33434040 37283366 0 0 0 322151381 320029298 371732306 380617270 0 0 2780907800 2954026800 2419091600 2568905995 361816200 385120805 Transmission of Electricity 0 0 Principal Business is providing transmission services. At 12/31/22, Georgia Transmission Corporation owned approximately 3,916 miles of transmission lines and 774 substations. Georgia Transmission Corporation succeeded to all of Oglethorpe's rights and obligations with respect to the Integrated Transmission System. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 266 0 1 351 1 0 0 0 0 0 375885571 7590012 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Jenny Buttrey CPA 7702707214 Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 30084 Barbara Hampton President, CEO 40 X 607644 0 74475 Keith Daniel SVP Transmission Policy 40 X 452979 0 84696 Dustin Zubke Sr VP and CFO 40 X 448774 0 80854 David Van Winkle SVP Operations & Maintenance 40 X 389051 0 82300 John Raese Sr VP Project Services 40 X 368544 0 68121 Angela Sheffield VP Gen Audit/Chief Reg Cpl Officer 40 X 339680 0 81866 Joe Sowell VP System Planning 40 X 315011 0 78852 Angela Farsee VP Human Resources 40 X 307742 0 68767 Lynn Huffines Controller 40 X 292828 0 68166 Anne Hicks General Counsel 40 X 279130 0 79990 Kevin Luke Director, Transmission Maintenance 40 X 233724 0 78534 J Camron Carden VP Transmission Projects 40 X 236570 0 72602 Anthony Wright Dir, Electronic Maint. & Operational Communication 40 X 222926 0 72136 Michael Fourman Dir, Engineering & Business Intelligence 40 X 231373 0 63089 Chris Beavers Dir, Internal Audit 40 X 216202 0 73274 Steve Beaulieu Dir, Member Relations 40 X 220688 0 67956 Robert Casey Mgr, Member Planning Services 40 X 226238 0 59316 Nathan Lovett Sr Mgr, Relay & Control Design 40 X 224702 0 59820 Jenny Buttrey Assistant Controller 40 X 209351 0 71370 Jay Horsley Dir, Safety & Technical Training 40 X 214141 0 61258 Lynn Watkins Dir, Finance, Rates & Treasury 40 X 223939 0 47048 Joey Lowery Mgr, System Reliability 40 X 212565 0 45655 Jill Tietjen Director 4 X 29130 0 0 Charles Fendley Director 2 X 18900 0 0 Jack Waters Director 5 X 16250 0 0 Steve Rawl Director 1 X 15470 0 0 Everett Williams Director 1 X 14300 0 0 David Dunaway Director 3 X 13260 0 0 Otis Jones Director 1 X 13130 0 0 Tony Tucker Director 2 X 13130 0 0 Wendy Sellers Director 1 X 13000 0 0 Raphael Brumbeloe Director 1 X 11960 0 0 Robert L Lewis Director 1 X 11960 0 0 Michael McMillian Director 2 X 11960 0 0 Ronnie Lee Director 2 X 11050 0 0 6667302 0 1540145 102 0 1 0 Georgia System Operations Corporation 2100 E Exchange Place Tucker GA 30084 Shared Services and Control 35918720 Aubrey Silvey Construction 371 Hamp Jones Rd Carrollton GA 30117 Construction Services 25549977 Pike Electric PO Box 1000 Dept 517 Memphis TN 38148 Construction Services 10317394 Michels Power 1775 E Shady Lane Neenah WI 54956 Construction Services 9917098 Hitachi Energy 901 Main Campus Drive Raleigh NC 27606 Construction Services 9852446 58 0 0 0 0 0 0 0 0 Network Service Revenue 221000 331035336 331035336 0 0 Transmission Rental Income 221000 43334018 43334018 0 0 Other Revenues 221000 5268750 5268750 0 0 Refund To Members 221000 -2000000 -2000000 0 0 0 0 0 0 377638104 2979166 2979166 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 380617270 380617270 0 0 0 0 0 23304606 5236956 0 22961040 0 7387392 1697978 406604 23002246 123083 5267515 0 0 0 891570 0 174841 76439065 0 79645281 1766122 Parity Expense 53791786 GSOC Ops/SS Charges 30850235 Property/Other Taxes 26679144 Control Center/Trans Reserve 18581732 2410074 380617270 0 0 0 95867566 43424075 37596600 43796739 20841361 30463651 47673508 44457330 4100285663 1332910434 2554286841 2767375229 24641924 24509776 2780907800 2954026800 287567208 388889016 0 0 0 0 94465000 94465000 2030550068 2079991959 6509324 5560020 2419091600 2568905995 X 361816200 385120805 0 0 361816200 385120805 2780907800 2954026800 X 0 0 0 0 0 23304605 X 0 1 X 1 0 0 402597149 402597149 0 187332183 83258076 104074107 0 0 0 0 0 3261706581 1237760783 2023945798 0 248649750 11891575 236758175 2767375229 0 Accumulated Provision for Benefits 3688584 Deferred Hedge Settlement 1871436 5560020 X 380617270 0 0 0 0 0 380617270 0 0 0 380617270 357312664 0 0 0 0 0 357312664 0 23304606 23304606 380617270 Schedule D, Part X, Line 2 Georgia Transmission Corporation is a 501(c)(12) cooperative and is exempt from federal and state income taxes, provided revenues from its Member System and Oglethorpe are at least 85% of Georgia Transmission's total revenues. Georgia Transmission has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, and to identify and evaluate other matters that may be considered tax positions. Georgia Transmission has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Schedule D, Part XII, Line 4b Amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2022 to the members. For financial reporting purposes, the amount is not yet distributed. X X 1 1 X X X X 0 1 0 Raphael Brumbeloe Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 David Dunaway Director 13260 0 0 0 0 0 0 0 0 0 13260 0 0 0 Charles Fendley Director 18900 0 0 0 0 0 0 0 0 0 18900 0 0 0 Otis Jones Director 13130 0 0 0 0 0 0 0 0 0 13130 0 0 0 Ronnie Lee Director 11050 0 0 0 0 0 0 0 0 0 11050 0 0 0 Robert L Lewis Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 Michael McMillian Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 Steve Rawl Director 15470 0 0 0 0 0 0 0 0 0 15470 0 0 0 Wendy Sellers Director 13000 0 0 0 0 0 0 0 0 0 13000 0 0 0 Jill Tietjen Director 29130 0 0 0 0 0 0 0 0 0 29130 0 0 0 Tony Tucker Director 13130 0 0 0 0 0 0 0 0 0 13130 0 0 0 Jack Waters Director 16250 0 0 0 0 0 0 0 0 0 16250 0 0 0 Everett Williams Director 14300 0 0 0 0 0 0 0 0 0 14300 0 0 0 Barbara Hampton President, CEO 538656 0 25700 0 43288 0 40500 0 5876 0 654020 0 0 0 Dustin Zubke Sr VP and CFO 394557 0 25500 0 28717 0 40500 0 11768 0 501042 0 0 0 Keith Daniel SVP Transmission Policy 410189 0 500 0 42289 0 40500 0 15610 0 509088 0 0 0 David Van Winkle SVP Operations & Maintenance 358065 0 500 0 30486 0 40500 0 13404 0 442955 0 0 0 John Raese Sr VP Project Services 338530 0 500 0 29514 0 40500 0 7406 0 416450 0 0 0 Angela Sheffield VP Gen Audit/Chief Reg Cpl Officer 305567 0 12155 0 21958 0 40500 0 8966 0 389146 0 0 0 Joe Sowell VP System Planning 302748 0 774 0 11489 0 40500 0 6030 0 361541 0 0 0 Angela Farsee VP Human Resources 287861 0 500 0 19381 0 40500 0 8279 0 356521 0 0 0 J Camron Carden VP Transmission Projects 228386 0 500 0 7684 0 34792 0 10004 0 281366 0 0 0 Lynn Huffines Controller 286730 0 774 0 5324 0 40500 0 4777 0 338105 0 0 0 Anne Hicks General Counsel 274325 0 1000 0 3805 0 40500 0 7242 0 326872 0 0 0 Kevin Luke Director, Transmission Maintenance 216130 0 3500 0 14094 0 35278 0 11256 0 280258 0 0 0 Michael Fourman Dir, Engineering & Business Intelligence 221887 0 774 0 8712 0 35332 0 5137 0 271842 0 0 0 Lynn Watkins Dir, Finance, Rates & Treasury 220258 0 774 0 2908 0 34029 0 2007 0 259976 0 0 0 Anthony Wright Dir, Electronic Maint. & Operational Communication 210967 0 500 0 11459 0 30425 0 9756 0 263107 0 0 0 Chris Beavers Dir, Internal Audit 209726 0 2674 0 3803 0 32569 0 8780 0 257552 0 0 0 Jay Horsley Dir, Safety & Technical Training 201564 0 1206 0 11370 0 32424 0 6310 0 252874 0 0 0 Robert Casey Mgr, Member Planning Services 210997 0 5500 0 9741 0 32492 0 4297 0 263027 0 0 0 Nathan Lovett Sr Mgr, Relay & Control Design 219839 0 500 0 4363 0 32322 0 4897 0 261921 0 0 0 Steve Beaulieu Dir, Member Relations 189133 0 500 0 31055 0 30875 0 14567 0 266130 0 0 0 Joey Lowery Mgr, System Reliability 207232 0 774 0 4559 0 32499 0 2187 0 247251 0 0 0 Jenny Buttrey Assistant Controller 206420 0 1000 0 1932 0 33121 0 6312 0 248785 0 0 0 Raphael Brumbeloe Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 David Dunaway Director 13260 0 0 0 0 0 0 0 0 0 13260 0 0 0 Charles Fendley Director 18900 0 0 0 0 0 0 0 0 0 18900 0 0 0 Otis Jones Director 13130 0 0 0 0 0 0 0 0 0 13130 0 0 0 Ronnie Lee Director 11050 0 0 0 0 0 0 0 0 0 11050 0 0 0 Robert L Lewis Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 Michael McMillian Director 11960 0 0 0 0 0 0 0 0 0 11960 0 0 0 Steve Rawl Director 15470 0 0 0 0 0 0 0 0 0 15470 0 0 0 Wendy Sellers Director 13000 0 0 0 0 0 0 0 0 0 13000 0 0 0 Jill Tietjen Director 29130 0 0 0 0 0 0 0 0 0 29130 0 0 0 Tony Tucker Director 13130 0 0 0 0 0 0 0 0 0 13130 0 0 0 Jack Waters Director 16250 0 0 0 0 0 0 0 0 0 16250 0 0 0 Everett Williams Director 14300 0 0 0 0 0 0 0 0 0 14300 0 0 0 Barbara Hampton President, CEO 538656 0 25700 0 43288 0 40500 0 33975 0 682119 0 0 0 Dustin Zubke Sr VP and CFO 394557 0 25500 0 28717 0 40500 0 40354 0 529628 0 0 0 Keith Daniel SVP Transmission Policy 410189 0 500 0 42289 0 40500 0 44196 0 537674 0 0 0 David Van Winkle SVP Operations & Maintenance 358065 0 500 0 30486 0 40500 0 41800 0 471351 0 0 0 John Raese Sr VP Project Services 338530 0 500 0 29514 0 40500 0 27621 0 436665 0 0 0 Angela Sheffield VP Gen Audit/Chief Reg Cpl Officer 305567 0 12155 0 21958 0 40500 0 41366 0 421546 0 0 0 Joe Sowell VP System Planning 302748 0 774 0 11489 0 40500 0 38352 0 393863 0 0 0 Angela Farsee VP Human Resources 287861 0 500 0 19381 0 40500 0 28267 0 376509 0 0 0 J Camron Carden VP Transmission Projects 228386 0 500 0 7684 0 34792 0 37810 0 309172 0 0 0 Lynn Huffines Controller 286730 0 774 0 5324 0 40500 0 27666 0 360994 0 0 0 Anne Hicks General Counsel 274325 0 1000 0 3805 0 40500 0 39490 0 359120 0 0 0 Kevin Luke Director, Transmission Maintenance 216130 0 3500 0 14094 0 35278 0 43256 0 312258 0 0 0 Michael Fourman Dir, Engineering & Business Intelligence 221887 0 774 0 8712 0 35332 0 27757 0 294462 0 0 0 Lynn Watkins Dir, Finance, Rates & Treasury 220258 0 774 0 2908 0 34029 0 13020 0 270989 0 0 0 Anthony Wright Dir, Electronic Maint. & Operational Communication 210967 0 500 0 11459 0 30425 0 41711 0 295062 0 0 0 Chris Beavers Dir, Internal Audit 209726 0 2674 0 3803 0 32569 0 40705 0 289477 0 0 0 Jay Horsley Dir, Safety & Technical Training 201564 0 1206 0 11370 0 32424 0 28834 0 275398 0 0 0 Robert Casey Mgr, Member Planning Services 210997 0 5500 0 9741 0 32492 0 26824 0 285554 0 0 0 Nathan Lovett Sr Mgr, Relay & Control Design 219839 0 500 0 4363 0 32322 0 27498 0 284522 0 0 0 Steve Beaulieu Dir, Member Relations 189133 0 500 0 31055 0 30875 0 37081 0 288644 0 0 0 Joey Lowery Mgr, System Reliability 207232 0 774 0 4559 0 32499 0 13155 0 258219 0 0 0 Jenny Buttrey Assistant Controller 206420 0 1000 0 1932 0 33121 0 38249 0 280722 0 0 0 Schedule J, Part I, Line 1a All Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6,000 to $12,000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, Form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. With respect to the actual car allowance, no documentation is required to be presented to receive the allowance other than required Board approval. Mileage reimbursement is, however, required to be substantiated prior to receipt of funds. Reimbursement is obtained through submission of an authorized expense report. For tax year 2022, qualifying associates received a one-time gross up bonus payment for meeting their goals. Qualified associates must have participated in the health goal to receive the gross up payment. Associates that opted to not participate in the health goal received a non-grossed up bonus payment. Schedule J, Part I, Line 3 Georgia Transmission Corporation has a compensation committee that is a subset of the Board of Directors. Georgia Transmission Corporation's CEO's salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. Schedule J, Part I, Line 4 Non-Qualified plan participants include: Barbara Hampton $14,600, Dustin Zubke $15,082, Keith Daniel $3,234, David Van Winkle $11,000, John Raese $4,414, Angela Sheffield $2,972 and Angela Farsee $1,685. A Development Authority of Burke County Georgia Transmission Corporation Vogtle Project 121342NL9 2015-05-01 94465000 Pollution Control Bonds 0 0 0 A 0 0 94465000 0 0 0 0 0 0 0 0 0 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 Form 990, Part VI, Section A, Line 6 Georgia Transmission Corporation is a tax exempt 501(c)(12) entity whose membership consists of 38 EMCs in the state of Georgia and Oglethorpe Power Corporation, a Not for Profit Electric Membership Corporation. Form 990, Part VI, Section A, Line 7a The corporation has members who elect members of the governing body as provided for in its bylaws. Form 990, Part VI, Section A, Line 7b Certain decisions of the governing body are subject to approval by members as provided for in its bylaws. Form 990, Part VI, Section B, Line 11b The preparer is a licensed CPA in the state of Georgia. Information is accumulated from the Georgia Transmission Corporation financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. For 2022, a draft of Form 990 will be reviewed by an additional CPA, external to Georgia Transmission Corporation. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft Form 990 is discussed with the reviewer to ensure all review points are cleared. A draft copy of the Form 990 is also provided to the Audit Committee. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will be e-filed. Form 990, Part VI, Section B, Line 12c Georgia Transmission Corporation maintains a corporate policy that provides guidelines and standards for the employees and directors of Georgia Transmission Corporation to avoid conflicts of interest or any appearances of conflicts of interest, so that the affairs of Georgia Transmission Corporation may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, Georgia Transmission Corporation's Internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interest exists and what actions need to be taken. Results of the audit are reported to the Audit Committee. Form 990, Part VI, Section B, Line 15 Georgia Transmission Corporation has a compensation committee that is a subset of the Board of Directors. The CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. Form 990, Part VI, Section C, Line 19 Currently, Georgia Transmission Corporation publishes its financial statements in PDF format on its website www.gatransmission.com. The conflict of interest policy and any governing documents are available on the inter-company document retrieval system and available upon request by the public. Form 990, Part XI, Line 9 Amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2022 to the members. For financial reporting purposes, the amount is not yet distributed.