2025-05-14T15:51:32-04:00 2024-12-31 990 2024-01-01 344325955 PAULDING PUTNAM ELECTRIC COOPERATIVE INC % RANDY PRICE PAUL 4193995015 401 MC DONALD PIKE PAULDING OH 45879 RENEE HULL CFO 2025-05-15 2024 2025-03-06 01:10:19Z RANDY PRICE 401 MC DONALD PIKE PAULDING OH 45879 50982985 false X www.ppec.coop X 1936 OH DISTRIBUTE ELECTRICITY SAFELY RELIABLY AND AFFORDABLY TO OUR MEMBERS CONSUMERS. 9 9 55 0 0 0 0 0 44802489 49585682 2189623 1238416 150214 158887 47142326 50982985 0 0 4339046 3368977 2365059 4633529 0 0 0 40438221 42980479 47142326 50982985 0 0 124568771 133538852 47857122 54987754 76711649 78551098 DISTRIBUTE ELECTRICITY SAFELY RELIABLY AND AFFORDABLY TO OUR MEMBERS CONSUMERS. true false 51518474 0 49585681 DISTRIBUTION OF ELECTRICAL ENERGY TO 14,197 CONSUMERS AT 13,800 SERVICE POINTS AND THE MAINTENANCE OF APPROXIMATELY 1,725 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 0 0 0 0 0 0 0 0 0 51518474 false false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 55 0 true 55 true false false false false false 49585681 1397303 false false false 9 9 false false false false true true true true true false false true true true true true true true true false X ANNETTE SCHREINER 4193995015 401 MCDONALD PIKE PAULDING OH 45879 Randy Price President and CEO 40.00 0.00 X 219170 0 77179 Renee Hull CFO 40.00 0.00 X 75704 0 0 Nicholas Eltzroth COO 40.00 0.00 X 136160 0 0 Doug Johanns Sr Staking Technician 40.00 0.00 X 114174 0 0 Tim Bowley Operations Supervisor 40.00 0.00 X 151106 0 0 John McMaster Line Supervisor 40.00 0.00 X 121285 0 0 Andrew Hermiller Lineman Supervisor 40.00 0.00 X 128595 0 0 Jordan Mohler LIneman 40.00 0.00 X 117436 0 0 Joseph Kohnen Chairman 9.50 0.00 X X 28420 0 107 Adam Schnipke Vice Chairman 9.00 0.00 X X 22895 0 107 Timothy Derck Treasurer and Secretary 7.00 0.00 X X 20120 0 107 Ronald Black Trustee 10.20 0.00 X 25050 0 92 Bill Beckman Trustee 7.20 0.00 X 17480 0 107 John Saxton Trustee 8.40 0.00 X 19350 0 72 Steven McMichael Trustee 9.10 0.00 X 23018 0 107 Ken Niese Trustee 7.40 0.00 X 14550 0 107 William Dowler Trustee 6.20 0.00 X 17425 0 107 1251938 0 78092 14 false true false Frankart Power Line Services 1650 S Township Rd 1186 Tiffin OH 44833 Line rebuilds 3815174 Mint City Utility Services PO Box 210 Bremen IN 46506 Tree Trimming 562802 Pulse Broadband LLC PO Box 716523 Philadelphia PA 19171 Engineering Consulting 1411763 Aunalytics Inc PO Box 809113 Chicago IL 60680 Software provider 371233 Osmose Utilities Services 635 Highway 74 South Peachtree City GA 30269 Pole inspection 326920 10 0 0 0 0 0 0 0 0 Electric Sales to Members 49390050 49390050 0 0 Meter Read and Reconnection Fees 195632 195632 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49585682 1214358 791671 0 422687 0 0 0 0 0 0 0 0 116261 0 0 0 116261 0 116261 0 0 116261 0 24058 0 0 0 24058 24058 24058 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Shared Services and Other Non-Operating Income 42626 42626 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42626 50982985 50444037 0 538948 X 0 0 0 0 0 0 3368977 0 186958 0 0 0 0 0 0 0 3898780 0 0 0 156019 0 0 0 99563 0 0 0 292209 0 0 0 408009 0 0 0 13137 0 0 0 27580 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 53419 0 0 0 29369 0 0 0 0 0 0 0 0 0 0 0 944858 0 0 0 44033 0 0 0 0 0 0 0 154834 0 0 0 1906096 0 0 0 0 0 0 0 3949676 0 0 0 78908 0 0 0 Cost of Purchased Power 32708663 0 0 0 Property Taxes 1277919 0 0 0 Dues to Associated Organizations 280030 0 0 0 Data Processing Expense 269886 0 0 0 834062 0 0 0 50982985 0 0 0 0 0 0 0 548004 504119 283806 365790 0 0 2428730 3776184 0 0 0 0 7119 1459 989359 975633 206369 205560 132795488 29080151 95600708 103715337 0 0 24489067 23981142 0 0 0 0 15609 13628 124568771 133538852 6684453 8275650 0 0 0 0 0 0 0 0 0 0 41012294 46552628 0 0 160375 159476 47857122 54987754 X 61783 60033 76649866 78491065 0 0 76711649 78551098 124568771 133538852 X 0 0 0 0 0 1839449 X false true X true false 602155 602155 7130324 2007528 5122796 120371783 27072623 93299160 4691226 4691226 103715337 Buckeye Power Inc. - Capital 16694908 C Buckeye Power Inc. - Commercial Paper 1220273 F Wabash Valley Power Association Inc. 1516742 C Buckeye Power Inc - Member Equity 1181348 C Cooperative Financial Corp CFC 720894 C Cooperative Financial Corp CFC 602282 C CFC - MCS 500000 C United Utility Supply - Capital Credit 422998 C Village of Ottoville - Economic Development Loan 288000 C Heartland Emergency Equipment LLC 253747 C Fed Rural Electric Insurance Co FREIC 174104 C National Bank for Cooperatives 142083 C NISC - Capital Credit 103996 C NRTC - Capital Credit 72164 C Accord Telecommunications 48134 C Wabash and Associated Organizations 14685 C Indiana Statewide 14275 C Cooperative Response Center CRC 9292 C GE Life 1103 C Paulding Landmark Inc. 75 C Other 39 C 23981142 Consumer Deposits 159476 159476 50982985 0 50982985 0 50982985 47614008 0 47614008 3368977 3368977 50982985 Part XII, line 4b Capital Credit Allocation to Members - $3,368,977 X X X X false false false Randy Price President and CEO 219170 0 0 0 0 0 42106 0 35072 0 296348 0 0 0 Part III, line 2 On July 18 2024 the Board of Paulding Putnam Electric Cooperative voted unanimously to provide fiber internet service to its membership. During 2024 no significant program services were provided; however planning and preparation began for the 2025 project implementation. Part VI, Line 6 Any person firm Ohio limited liability company or body politic may become a member in the cooperative at their primary residence or place of business by: A Agreeing to purchase from the cooperative electric energy as hereinafter specified; and B providing right of way access to all cooperative owned property and equipment C Allowing for the regular maintenance improvement upgrades and retirements of all cooperative owned equipment including right of way clearing and trimming and D agreeing to comply with and be bound by the Articles of Incorporation of the cooperative and the Code of Regulations and any Amendments thereto and such rules and regulations as may from time to time be adopted by the Board of Trustees. No firm corporation or body politic may own more than one membership in the cooperative. Part VI, Line 7a The Board of Trustees is nominated and elected by the membership. Part VI, Line 7b Membership approval is required for the cooperative to sell lease mortgage or dispose of all or substantially all its property not withstanding the right of the Trustees to borrow money as deemed appropriate by the Board of Trustees. In addition membership approval is required to alter amend or repeal the Code of Regulations. Part VI, Line 12c Board policy dictates that the Conflict of Interest Policy be monitored by department and enforced by department heads. All employees of the cooperative are subject to the Conflict of Interest Policy. During 2024 the department heads did not encounter any circumstances where the Conflict of Interest Policy was required to be enforced. It is the intent of the policy to avoid conflicts of interest when at all possible. A conflict would prohibit the person from participating in deliberations and decisions with regard to the conflicted transaction. Part VI, Line 15 The Board of Trustees determines compensation for the Cooperatives CEO on an annual basis following guidelines established by the National Rural Electric Cooperative Association NRECA along with research and review of local regional and national data available from NRECA and other area cooperatives as indicated on their Form 990. The Cooperative utilizes NRECA data for comparative purposes for all positions to ensure consistency with regional compensation medians. Part VI, Line 19 The Cooperatives Code of Regulations is available on its website. The financial statements of the Cooperative are published annually in its Annual Report to the membership. No other documents of this kind are available to the public. Part XI, Line 9 | Description:, Explanation:, Amount:| Donated Capital - 2024, Donated Capital, $302009| Allocated Capital Credits Retained - 2024, Allocated Capital Credits Retained, $3368977| Capital Credits Retired - 2024, Capital Credits Retired, $-1829787| Memberships Redeemed - 2024, Memberships Redeemed, $-1750| Part IX Line 4 | Explanation:| The Cooperative is interpreting the term "Benefits Paid to Members" to mean capital credits allocated or to be allocated to members from current year net margins.