2023-05-01T13:59:53-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 020172119 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC NEWH 6035361800 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 ALYSSA CLEMSEN ROBERTS CEO 6035361800 2023-05-01 true CLEMSEN ROBERTS 999009999 false H TERRELL MCMICHAEL JR P01259982 4787466277 2023-05-01 2022 2023-04-26 12:10:37Z ALYSSA CLEMSEN ROBERTS 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 186099987 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 11 252 0 0 155000653 185921414 85613 2039 20468 140511 155106734 186063964 0 5563563 6126244 24902753 26955038 0 0 127717753 154454483 158184069 187535765 -3077335 -1471801 293476892 326303689 153079678 183502328 140397214 142801361 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 85,000 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 190 0 true 252 true false false false false false 183451946 17883390 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 JEFFREY MORRILL BOARD CHAIR 5.00 X X 36295 0 0 DANIEL SENIE PARTIAL YEAR VICE CHAIR 2.00 X X 9275 0 0 BRENDA BOISVERT SECRETARY 6.00 0.25 X X 30775 0 0 EDWARD FRENCH TREASURER 10.00 0.50 X X 37975 0 0 CAROLYN KEDERSHA ASSISTANT TR 7.00 0.25 X X 41568 0 20500 THOMAS MONGEON DIRECTOR 10.00 X 37875 0 0 MADELINE MCELANEY DIRECTOR 9.00 0.25 X 30775 0 0 WILLIAM DARCY DIRECTOR 33.00 X 34269 0 0 LEO DWYER DIRECTOR 34.00 X 29825 0 0 ALANA ALBEE DIRECTOR 3.00 X 26725 0 0 SHARON DAVIS DIRECTOR 8.00 1.00 X 32125 0 0 HARRY VEINS PARTIAL YEAR DIRECTOR 4.00 0.25 X 16850 0 0 ALYSSA CLEMSEN ROBERTS CEO 50.00 X 134175 0 26696 JAMES BAKAS INTERIM GM/C 44.00 X 248554 0 103397 DREW DUNAGIN VP FIN. SERV 50.00 X 232837 0 85607 BRIAN CALLNAN VP POWER RES 49.00 X 234663 0 86713 GEOFFREY ZIMINSKY VP TECH. BUS 50.00 X 198686 0 66235 MICHAEL LICATA VP MEM. SERV 52.00 X 158988 0 53883 MICHAEL JENNINGS ENGINEERING 56.00 X 170750 0 60693 JOSHUA MAZZEI MANGR OF OPE 46.00 X 159229 0 72042 JEREMY CLAAR LINEWORKER I 57.00 X 161246 0 27789 DAVID NEDEAU LINEWORKER I 53.00 X 151539 0 51022 ARTHUR CORNELISSEN LINEWORKER I 53.00 X 151886 0 38669 2366885 693246 107 false true false ASPLUNDH TREE EXPERT 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 RIGHT-OF-WAY 4507859 EUSTIS CABLE ENTERPRISES PO BOX 500 BROOKEFIELD VT 05036 FIBER 2323573 TTS TREE SERVICE 245 POTTER ROAD CANTON NY 13617 RIGHT-OF-WAY 1373556 CONEXON LLC 2001 GRAND BLVD SUITE 700 KANSAS CITY MO 64108 FIBER 1325767 FIRST POINT POWER 2000 CHAPEL VIEW BLVD CRANSTON RI 02920 ENERGY SERVICES 1060503 24 ELECTRIC REVENUE 221000 179533473 179533473 POLE ATTACHMENT RENTAL REVEUE 221000 3314371 3314371 MISC. ELECTRIC REVENUE 221000 1957075 1957075 BROADBAND REVENUE 513300 1113644 1113644 INTEREST INCOME 221000 2851 2851 185921414 2039 2039 49184 36023 13161 13161 13161 GAIN ON DISPOSITION OF ASSETS 221000 84063 84063 MISC OTHER REVENUE 221000 43287 43287 127350 186063964 182749593 3314371 6126244 1572235 15107085 4578917 4144677 1552124 935052 103213 1138713 22718 2680302 791560 7066325 44385 148105 4070599 12900376 727575 PURCHASED POWER 83166104 TRANSMISSON EXP. 23279352 DIST, MAINTENANCE AND OPS 11496837 OTHER DEDUCTIONS 5044641 838626 187535765 0 0 0 X 59745 1893690 50000 50000 22445413 28140334 4090545 5549897 2872980 2490112 443249203 185942569 240709898 257306634 11529952 11074435 1375000 5597648 10343359 14200939 293476892 326303689 22954664 30934250 103851188 125497837 4254053 479477 22019773 26590764 153079678 183502328 X 140397214 142801361 140397214 142801361 293476892 326303689 X -1471801 3875948 X false true X true false 3445678 3445678 425207 12478172 5056173 7847206 413796219 180886396 232909823 13103927 13103927 257306634 REGULATORY LIABILITES - ASC 980 18210201 DEFERRED CREDITS 6446256 CONSUMER DEPOSITS 1934307 26590764 X 185928933 185928933 135031 135031 186063964 181409521 181409521 6126244 6126244 187535765 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 ACTIVITIES 135,031 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 6,126,244 X X X X X false true false ALYSSA CLEMSEN ROBERTS CEO 95371 38804 18736 7960 160871 JAMES BAKAS INTERIM GM/COO 242304 6250 69130 34267 351951 DREW DUNAGIN VP FIN. SERV/CFO 227287 5550 52628 32979 318444 BRIAN CALLNAN VP POWER RES. & ACC. 228913 5750 53509 33204 321376 GEOFFREY ZIMINSKY VP TECH. BUS. SERV. 193936 4750 45536 20699 264921 MICHAEL LICATA VP MEM. SERV. 153988 5000 31779 22104 212871 MICHAEL JENNINGS ENGINEERING MANAGER 166747 4003 36972 23721 231443 JOSHUA MAZZEI MANGR OF OPERATIONS 155416 3813 36628 35414 231271 JEREMY CLAAR LINEWORKER I 159137 2109 17311 10478 189035 DAVID NEDEAU LINEWORKER I 149103 2436 17635 33387 202561 ARTHUR CORNELISSEN LINEWORKER I 149450 2436 4402 34267 190555 SCHEDULE J, PAGE 1, PART I, LINE 4 CAROLYN KEDERSHA 0 32,443 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 6,126,244 PATRONAGE RETIREMENTS -2,250,296 TOTAL 3,875,948 NH BROADBAND LLC 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 BROADBAND NH -1471801 4597337 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