2023-10-09T08:41:00-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & GEN. MGR 9197322123 2023-10-05 true STEVE HAMLIN 999009999 false WILLIAM R ROUNTREE P01231836 4787466277 2023-10-09 2022 2023-04-26 12:10:37Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 67590563 false X WWW.PEMC.COOP X 1938 NC TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT. 9 9 114 0 0 66197212 67506959 76838 67805 -37961 -26219 66236089 67548545 0 5296834 3459518 13736401 14904380 0 0 47202854 49184647 66236089 67548545 0 213665239 231845259 144574632 160902247 69090607 70943012 X TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT. false false N/A COMPENSATION OF CURRENT OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. false false false false false false false false false true false false false true false 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 true true false true 81 0 true 114 true false false false false false 66821841 591407 false false false X 9 9 false false true false true true true true true false false true true true true true true true true false X LISA KENNEDY-VP OF FINANCIAL SERVIC 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 BILL BARBER CHAIRMAN 4.33 X X 30067 0 0 JAMES RANDY KINLEY VICE-CHAIRMA 5.96 X X 31389 0 0 DAVID POYTHRESS SECRETARY 3.57 X X 24004 0 0 RICHAL VANHOOK TREASURER 6.67 X X 31241 0 0 STEPHEN LONG DIRECTOR 7.13 X 27881 0 0 CYRUS VERNON DIRECTOR 4.77 X 27475 0 0 ELIZABETH TOWNSEND DIRECTOR 2.23 X 24654 0 0 STEVEN BAILEY DIRECTOR 6.81 X 29776 0 0 V KAY SCURLOCK-FERGUSON DIRECTOR 7.62 X 30579 0 0 SAM T WOODS DIRECTOR-FOR 0.62 X 6701 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 295945 0 126161 SUSAN CASHION VP COMPL. & 50.00 X 240836 0 96897 LISA KENNEDY VP FINANCIAL 50.00 X 224988 0 85313 ROBERT RILEY VP OF OPERAT 50.00 X 221967 0 78579 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 217479 0 97271 BRANDON REED MGR OF MBR S 50.00 X 157320 0 69738 1622302 553959 34 false true false WELLSMONT LANDSCAPING 1005 DIMMOCKS MILL RD HILLSBOROUGH NC 27278 LANDSCAPING 124279 1 PROGRAM SERVICE REVENUE 221000 66821841 66821841 CAPITAL CREDITS 221000 421497 421497 POLE RENTAL REVENUE 221000 263621 263621 67506959 67805 67805 26978 42018 -15040 -15040 -15040 SUBSIDIARY INCOME 221000 5870 5870 SALE OF ASSETS -4999 -4999 NPBC MARGINS -12050 -12050 -11179 67548545 67226289 322256 3459518 3459518 685873 685873 9562149 9562149 1755302 1755302 2203336 2203336 697720 697720 3183438 3183438 8269932 8269932 PURCHASED POWER 34048571 34048571 DISTRIBUTION MAINTENANCE 4216072 4216072 CONSUMER ACCOUNTS 2583555 2583555 DISTRIBUTION OPERATIONS 2103615 2103615 -5220536 -5220536 67548545 67548545 0 0 2788343 7491295 6958920 8646787 6418601 5050045 3201693 3965947 1052502 1155761 288050568 92329916 185659867 195720652 7578244 6896981 7069 2917791 213665239 231845259 13565421 20441744 121167781 135818923 9841430 4641580 144574632 160902247 X 2700850 3004367 66389757 67938645 69090607 70943012 213665239 231845259 X 0 1852405 X false true X true false 3637298 3637298 11578741 4826652 6752089 272834529 87503264 185331265 195720652 ACCUM PROV FOR POST RETIRE BENEFITS 2566226 UNCLAIMED CAPITAL CREDITS 731022 ACCUM PROV FOR VESTED LEAVE 500000 RECOVERY OF RENEWABLE ENERGY CRE... 416512 CONSUMER DEPOSITS 401700 DEFERRED CREDITS 26120 4641580 67548545 67548545 67548545 64089027 64089027 3459518 3459518 67548545 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,459,518 X X X false false false STEVE HAMLIN PRESIDENT & GEN. MGR 273698 2295 19952 104417 21744 422106 SUSAN CASHION VP COMPL. & ADMI OFF 224198 11261 5377 82330 14567 337733 LISA KENNEDY VP FINANCIAL SERVICE 196638 18542 9808 70944 14369 310301 ROBERT RILEY VP OF OPERATIONS 196456 12809 12702 64836 13743 300546 LAWRENCE HOPKINS MGR - ENGINEERING 199995 12589 4895 76733 20538 314750 BRANDON REED MGR OF MBR SERV & PR 151865 5135 320 56441 13297 227058 FORM 990, PAGE 2, PART III, LINE 4D COMPENSATION OF CURRENT OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 4 THE 2022 BYLAW REVISIONS CHANGED THE NUMBER OF DIRECTORS FROM 10 TO 9 BY REMOVING AN AT-LARGE DISTRICT. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE ENTIRE BOARD OF DIRECTORS REVIEWS THE SALARY RANGE FOR THE CEO POSITION ANNUALLY USING INFORMATION FROM THE NRECA'S NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC DISTRIBUTION SYSTEMS PRIMARILY. THE ENTIRE BOARD RATES CEO PERFORMANCE ANNUALLY USING ESTABLISHED PERFORMANCE CRITERIA. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD REVIEWS AND APPROVES RANGES FOR OTHER KEY MANAGEMENT POSITIONS BY USING PAY STUDY INFORMATION PROVIDED BY OUTSIDE CONSULTANTS. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS AND AUDITED FINANCIALS STATEMENTS AVAILABLE THROUGH ITS WEBSITE. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 DONATED CAPITAL 302,087 MEMBERSHIP FEES 1,430 PATRONAGE CAPITAL CREDITS 3,459,518 CAPITAL CREDIT RETIREMENTS -1,901,363 OTHER COMPREHENSIVE INCOME -9,267 TOTAL 1,852,405 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 ENERGY SRV NC C CORP C CORP 4526 345522 1.00000 true false false false false false false false false false false false false false false false true true false false PIEDMONT SERVICES HOLDING INC Q 17194 COST PIEDMONT SERVICES HOLDING INC P 206024 COST