2022-05-13T03:40:29-05:00 2021-12-31 861065772 DELOITTE TAX LLP 191 PEACHTREE STREET NE SUITE 2000 ATLANTA GA 303031943 990 2021-01-01 560995910 NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION NORT 9198720800 3400 SUMNER BOULEVARD RALEIGH NC 27616 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 9198720800 2022-05-12 1 RICHARD FEATHERS 999009999 BRIAN GAREAU P00847877 4042202000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOSEPH P BRANNAN 3400 SUMNER BOULEVARD RALEIGH NC 27616 1367287430 0 X WWW.NCEMCS.COM X 1949 NC SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES. 50 49 185 0 350251 0 0 0 1092154822 1127981587 16786514 42412393 364538 350251 1109305874 1170744231 681187 664662 0 0 44738586 46155726 0 0 0 1033886101 1093923843 1079305874 1140744231 30000000 30000000 2174728007 2356482991 1885954288 2034267028 288773719 322215963 SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES. 0 0 NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION PROVIDES WHOLESALE ELECTRIC GENERATION AND TRANSMISSION SERVICES TO 25 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES THAT PROVIDE ELECTRIC SERVICE TO OVER ONE MILLION HOMES, FARMS, AND BUSINESSES IN NORTH CAROLINA. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 36 0 1 185 1 1 1 0 0 0 0 984467615 117948242 0 1 0 X 50 49 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AR AZ GA CA IN NC MD MN MS X LARK S JAMES 9198720800 3400 SUMNER BOULEVARD RALEIGH NC 27616 JOSEPH P BRANNAN EXECUTIVE VP & CEO 34.00 6.00 X 2042478 0 323870 LARK S JAMES SENIOR VP, FINANCE & CFO 34.00 6.00 X 1253924 0 163461 MICHAEL W BURNETTE SENIOR VP & COO 40.00 0.00 X 1084993 0 69963 NELLE P HOTCHKISS SENIOR VP & COO, NCAEC 10.00 30.00 X 843413 0 128410 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 34.00 6.00 X 623913 0 135137 AMADOU FALL SENIOR VP & COO 40.00 0.00 X 403113 0 95354 CHRISTOPHER W VANLOKEREN CHIEF INFORMATION OFFICER 34.00 6.00 X 328503 0 96783 LEE S RAGSDALE SENIOR VP, GRID INFRASTRUC 40.00 0.00 X 276445 0 110875 AJAZ SADIQ INNOVATION & BUSINESS DEVELOPMENT LIASON 40.00 0.00 X 289037 0 76157 CHARLES E BAYLESS SENIOR VP, GENERAL COUNSEL 34.00 6.00 X 231993 0 82552 MICHAEL D YOUTH ASSISTANT SECRETARY/TREASURER 34.00 6.00 X 198344 0 57741 TIMOTHY DODGE ASSISTANT SECRETARY/TREASURER 34.00 6.00 X 134468 0 18148 W GREG PUCKETT PRESIDENT 4.00 2.00 X X 0 0 0 SUSAN E FLYTHE VICE PRESIDENT 4.00 2.00 X X 0 0 0 GREG ANDRESS SECRETARY/TREASURER 4.00 2.00 X X 0 0 0 GARY W RAY DIRECTOR 2.00 2.00 X 0 0 0 JOHN W SPENCE DIRECTOR 2.00 2.00 X 0 0 0 DOUGLAS W JOHNSON DIRECTOR 2.00 2.00 X 0 0 0 JOHNNY WISHON DIRECTOR 2.00 2.00 X 0 0 0 JOSH WINSLOW DIRECTOR 2.00 2.00 X 0 0 0 FREDERICK TEDDER DIRECTOR 2.00 2.00 X 0 0 0 RICHARD A MIDGETT DIRECTOR 2.00 2.00 X 0 0 0 JACOB JOPLIN DIRECTOR 2.00 2.00 X 0 0 0 DELORIA IRBY DIRECTOR 2.00 2.00 X 0 0 0 EDDIE OLDHAM DIRECTOR 2.00 2.00 X 0 0 0 REBECCA P COGAN DIRECTOR 2.00 2.00 X 0 0 0 WINSTON HOWELL DIRECTOR 2.00 2.00 X 0 0 0 ELBERT RAY PITT JR DIRECTOR 2.00 2.00 X 0 0 0 H WAYNE WILKINS DIRECTOR 2.00 2.00 X 0 0 0 W MAX WALSER DIRECTOR 2.00 2.00 X 0 0 0 DONALD LEE GATTON DIRECTOR 2.00 2.00 X 0 0 0 S FRANKLIN WILLIAMS DIRECTOR 2.00 2.00 X 0 0 0 CHARLES H GUERRY DIRECTOR 2.00 2.00 X 0 0 0 MORRELL JONES JR DIRECTOR 2.00 2.00 X 0 0 0 TOM BATCHELOR DIRECTOR 2.00 2.00 X 0 0 0 ROY STAMEY DIRECTOR 2.00 2.00 X 0 0 0 JEFF CLARK DIRECTOR 2.00 2.00 X 0 0 0 JOHN L PIERCE DIRECTOR 2.00 2.00 X 0 0 0 RANDALL JONES DIRECTOR 2.00 2.00 X 0 0 0 SPENCER LOCKEAR DIRECTOR 2.00 2.00 X 0 0 0 DONALD H SPIVEY DIRECTOR 2.00 2.00 X 0 0 0 BENJAMIN R LYBRAND DIRECTOR 2.00 2.00 X 0 0 0 STEVE HAMLIN DIRECTOR 2.00 2.00 X 0 0 0 BILL R BARBER DIRECTOR 2.00 2.00 X 0 0 0 MARK A SUGGS DIRECTOR 2.00 2.00 X 0 0 0 JEFFREY N LETCHWORTH DIRECTOR 2.00 2.00 X 0 0 0 DALE F LAMBERT DIRECTOR 2.00 2.00 X 0 0 0 JERRY BOWMAN DIRECTOR 2.00 2.00 X 0 0 0 MARSHALL CHERRY DIRECTOR 2.00 2.00 X 0 0 0 ALLEN W SPELLER DIRECTOR 2.00 2.00 X 0 0 0 S DIRK BURLESON DIRECTOR 2.00 2.00 X 0 0 0 J DEAN CARPENTER DIRECTOR 2.00 2.00 X 0 0 0 CHRISTOPHER SPEARS DIRECTOR 2.00 2.00 X 0 0 0 KELLY HARRINGTON DIRECTOR 2.00 2.00 X 0 0 0 LV TOBY SPEAKS DIRECTOR 2.00 2.00 X 0 0 0 PAUL SPRUILL DIRECTOR 4.00 2.00 X 0 0 0 J DOUGLAS BRINSON DIRECTOR 2.00 2.00 X 0 0 0 J MICHAEL DAVIS DIRECTOR 2.00 2.00 X 0 0 0 CARL W KORNEGAY JR DIRECTOR 2.00 2.00 X 0 0 0 LEE ROY KIRK JR DIRECTOR 2.00 2.00 X 0 0 0 JAMES E MANGUM JR DIRECTOR 2.00 2.00 X 0 0 0 MIKE DICKERSON DIRECTOR 2.00 2.00 X 0 0 0 7710624 0 1358451 91 0 1 0 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 460327731 POWER MANAGEMENT SERVICES 3298346 MCCARTER & ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 071020652 LEGAL SERVICES 669014 PARC CONSULTING LLC 5448 APEX PEAKWAY 305 APEX NC 275024305 IT SERVICES 191750 EVERSHEDS SUTHERLAND LLP PO BOX 931885 ATLANTA GA 311931885 LEGAL SERVICES 177372 CHATHAM ELECTRICAL SERVICE LLC 6300 LIMOUSINE DR SUITE 114 RALEIGH NC 27617 ELECTRICAL SERVICES 157422 7 PROVIDE ELECTRIC POWER 1127981587 1127981587 1127981587 8951452 8951452 172800 0 172800 172800 172800 230004140 196601351 -58152 33402789 58152 33460941 33460941 MISCELLANEOUS INCOME 561000 177451 177451 177451 1170744231 1127981587 350251 42412393 664662 9069075 35928877 989415 97359 71000 869944 191170 126000 947191 190507 43573350 61499335 104042 PURCHASED POWER 710227881 TRANSMISSION & ANCILLAR 83804823 POWER GENERATION EXPENS 71254848 FUEL USED IN GENERATION 62173490 58961262 1140744231 207842867 270246362 96372927 88283540 5233618 4981619 26861705 24704200 4049140 4872902 2751958439 1559866698 1178793661 1192091741 419709273 492172066 57839003 73195623 178025813 205934938 2174728007 2356482991 166230101 160018411 1206683877 1253991336 513040310 620257281 1885954288 2034267028 X 625 625 0 0 288773094 322215338 288773719 322215963 2174728007 2356482991 X 30000000 3442244 X 0 1 X 1 0 608028 608028 29824394 11166329 18658065 702403 465607 236796 109541666 85560763 23980903 2611281948 1462673999 1148607949 1192091741 CONSTRUCTION WORK IN PROCESS 60898068 DEFERRED DECOMMISSIONING COSTS 6459220 OTHER DEFERRED COSTS 133934627 LOSS ON REFINANCING 4643023 205934938 DECOMMISSIONING ASSET RETIREMENT OBLIGATION 317981634 POSTRETIREMENT/POST EMPLOYMENT BENEFITS OBLIGATION 9857871 REGULATORY LIABILITIES 138729178 CAPITAL LEASE OBLIGATIONS 3632887 UNREALIZED GAINS & LOSSES 150055711 620257281 1173129554 0 1173129554 -2385323 -2385323 1170744231 1143129554 0 1143129554 -2385323 -2385323 1140744231 PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECLASS PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS 1 ENERGYUNITED PO BOX 1831 STATESVILLE NC 28687 562097218 501(C)(12) 35334 0 EDUCATIONAL ASSISTANCE NC DEPT OF AGRICULTURE 2 W EDENTON ST RALEIGH NC 27601 566000732 NC GOVERNMENT AGENCY 30000 0 AGRICULTURAL ASSISTANCE UNC CHARLOTTE 8700 PHILLIPS ROAD CHARLOTTE NC 28223 560791228 501(C)(3) 25000 0 EDUCATIONAL ASSISTANCE ECONOMIC DEVELOPMENT PARTNERSHIP 15000 WESTON PARKWAY CARY NC 27513 464840814 501(C)(3) 25000 0 ECONOMIC DEVELOPMENT ASSISTANCE UNC PEMBROKE 1 UNIVERSITY DRIVE PEMBROKE NC 28372 566000805 501(C)(3) 25000 0 EDUCATIONAL ASSISTANCE E4 CAROLINAS PORTAL 9319 ROBERT D SNYDER RD CHARLOTTE NC 28262 455627361 501(C)(6) 20000 0 AGRICULTURAL ASSISTANCE NC BUSINESS LEADERS FOR EDUCATION 2826 LAZY LN WINSTON SALEM NC 27106 462988453 501(C)(3) 18000 0 EDUCATIONAL CONTRIBUTION BLUE RIDGE EMC PO BOX 250 LENOIR NC 27502 560160075 501(C)(12) 16821 0 EDUCATIONAL ASSISTANCE BRUNSWICK EMC PO BOX 826 SHALLOTTE NC 27261 560154512 501(C)(12) 15796 0 EDUCATIONAL ASSISTANCE RUTHERFORD EMC PO BOX 1569 FOREST CITY NC 27546 560386171 501(C)(12) 15101 0 EDUCATIONAL ASSISTANCE NC AGRIBUSINESS COUNCIL INC 2500 REGENCY PKWY CARY NC 27518 561029240 501(C)(3) 15000 0 AGRICULTURAL ASSISTANCE RURAL ECONOMIC DEVELOPMENT CENTER INC 4021 CARYA DR RALEIGH NC 27610 561552375 501(C)(3) 15000 0 ECONOMIC DEVELOPMENT ASSISTANCE NC A&T UNIVERSITY FOUNDATION 1601 E MARKET ST GREENSBORO NC 27411 566000007 501(C)(3) 15000 0 EDUCATIONAL ASSISTANCE LEADERSHIP NORTH CAROLINA 2700 WYCLIFF RD STE 402 RALEIGH NC 27607 561757109 501(C)(3) 15000 0 CONTRIBUTION CAROLINA PARTNERSHIP FOR REFOR 9660-138 FALLS OF NEUSE RD RALEIGH NC 27615 RALEIGH NC 27615 462332524 501(C)(4) 15000 0 ECONOMIC DEVELOPMENT ASSISTANCE NCLBCF 5400 CREEDMOOR RD RALEIGH NC 27612 561589364 501(C)(3) 15000 0 CIVIC DONATION THE SOUTHEASTERN PARTNERSHIP PO BOX 2556 ELIZABETHTOWN NC 28337 561911431 501(C)(6) 15000 0 ECONOMIC DEVELOPMENT ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 14500 0 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 14500 0 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 14500 0 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 14500 0 AGRICULTURAL ASSISTANCE UNION POWER COOPERATIVE PO BOX 5014 MONROE NC 28111 560435549 501(C)(12) 13835 0 EDUCATIONAL ASSISTANCE NC JAYCEE BURN CENTER 101 MANNING DR CHAPEL HILL NC 27514 566001393 501(C)(3) 12700 0 CONTRIBUTION JONES ONSLOW EMC 259 WESTERN BLVD JACKSONVILLE NC 28546 560283268 501(C)(12) 12422 0 EDUCATIONAL ASSISTANCE WAKE EMC PO BOX 1060 HILLSBOROUGH NC 27894 560440935 501(C)(12) 11487 0 EDUCATIONAL ASSISTANCE LUMBEE RIVER EMC PO BOX 830 RED SPRINGS NC 27560 560305124 501(C)(12) 11312 0 EDUCATIONAL ASSISTANCE SOUTH RIVER EMC PO BOX 931 DUNN NC 27702 560405464 501(C)(12) 10200 0 EDUCATIONAL ASSISTANCE OCCONEECHEE COUNCIL 3231 ATLANTIC AVE RALEIGH NC 27604 560529984 501(C)(3) 10000 0 CIVIC DONATION ECONOMIC DEVELOPMENT PARTNERSHIP 15000 WESTON PARKWAY CARY NC 27513 464840814 501(C)(3) 10000 0 ECONOMIC DEVELOPMENT ASSISTANCE NCEDA FOUNDATION INC PO BOX 30934 RALEIGH NC 214682624 566093438 501(C)(3) 10000 0 ECONOMIC DEVELOPMENT ASSISTANCE INSTITUTE FOR EMERGING ISSUE AT NC STATE CENTENNIAL CAMPUS BOX 7406 RALEIGH NC 27695 566049503 501(C)(3) 10000 0 EDUCATIONAL ASSISTANCE NORTH CAROLINA FARM BUREAU 5301 GLENWOOD AVE RALEIGH NC 27612 560340590 501(C)(5) 10000 0 AGRICULTURAL ASSISTANCE PIEDMONT EMC PO DRAWER 1179 HILLSBOROUGH NC 27278 560358446 501(C)(12) 9328 0 EDUCATIONAL ASSISTANCE CARTERET CRAVEN EC PO BOX 1490 NEWPORT NC 28802 560168825 501(C)(12) 9316 0 EDUCATIONAL ASSISTANCE HAYWOOD EMC 376 GRINDSTONE RD WAYNESVILLE NC 28785 560193499 501(C)(12) 8732 0 EDUCATIONAL ASSISTANCE TOBACCO FARM LIFE MUSEUM INC PO BOX 88 KENLY NC 28115 581544798 501(C)(3) 8000 0 AGRICULTURAL ASSISTANCE COLUMBUS COUNTY FAIR 886 PRISON CAMP RD WHITEVILLE NC 28472 201449660 501(C)(3) 8000 0 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 7500 0 AGRICULTURAL ASSISTANCE FOUR COUNTY EMC PO BOX 667 BURGAW NC 28458 560227152 501(C)(12) 7360 0 EDUCATIONAL ASSISTANCE RANDOLPH EMC PO BOX 40 ASHEBORO NC 28042 560371555 501(C)(12) 7316 0 EDUCATIONAL ASSISTANCE SURRY YADKIN EMC PO BOX 305 DOBSON NC 27505 560421795 501(C)(12) 6250 0 EDUCATIONAL ASSISTANCE STATE ENERGY CONFERENCE OF NORTH CAROLINA CENTENNIAL CAMPUS BOX 7406 RALEIGH NC 27695 043847594 501(C)(3) 6000 0 ECONOMIC DEVELOPMENT ASSISTANCE TIDELAND EMC 25831 HWY 264 E PANTEGO NC 25831 560993598 501(C)(12) 5316 0 EDUCATIONAL ASSISTANCE TRI COUNTY EMC 4255 ALT US HWY 117 S DUDLEY NC 28333 560432086 501(C)(12) 5270 0 EDUCATIONAL ASSISTANCE PEE DEE EMC 575 US HWY 52 S WADESBORO NC 28170 560123345 501(C)(12) 5266 0 EDUCATIONAL ASSISTANCE 33 24 X X 0 1 0 JOSEPH P BRANNAN EXECUTIVE VP & CEO 2042478 0 0 0 0 0 293483 0 30387 0 2366348 0 0 0 LARK S JAMES SENIOR VP, FINANCE & CFO 1253924 0 0 0 0 0 133541 0 29920 0 1417385 0 0 0 MICHAEL W BURNETTE SENIOR VP & COO 1084993 0 0 0 0 0 61026 0 8937 0 1154956 0 0 0 NELLE P HOTCHKISS SENIOR VP & COO, NCAEC 843413 0 0 0 0 0 99434 0 28976 0 971823 0 0 0 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 623913 0 0 0 0 0 106027 0 29110 0 759050 0 0 0 AMADOU FALL SENIOR VP & COO 403113 0 0 0 0 0 70945 0 24409 0 498467 0 0 0 CHRISTOPHER W VANLOKEREN CHIEF INFORMATION OFFICER 328503 0 0 0 0 0 68037 0 28746 0 425286 0 0 0 LEE S RAGSDALE SENIOR VP, GRID INFRASTRUC 276445 0 0 0 0 0 82422 0 28453 0 387320 0 0 0 AJAZ SADIQ INNOVATION & BUSINESS DEVELOPMENT LI 289037 0 0 0 0 0 51406 0 24751 0 365194 0 0 0 CHARLES E BAYLESS SENIOR VP, GENERAL COUNSEL 231993 0 0 0 0 0 66298 0 16254 0 314545 0 0 0 MICHAEL D YOUTH ASSISTANT SECRETARY/TREASURER 198344 0 0 0 0 0 41877 0 15864 0 256085 0 0 0 TIMOTHY DODGE ASSISTANT SECRETARY/TREASURER 134468 0 0 0 0 0 0 0 18148 0 152616 0 0 0 EXPLANATION FOR LINE 4B: IN 2021 AS PER THE TERMS OF THE COMPANY'S EXECUTIVE BENEFIT RESTORATION PLAN, AFTER ATTAINING REQUIRED VESTING TERM JOSEPH P. BRANNAN, LARK S. JAMES, MICHAEL BURNETTE, RICHARD M. FEATHERS, NELLE HOTCHKISS, CHRISTOPHER VANLOKEREN RECEIVED PAYMENTS OF $900,113, $744,110, $622,731, $221,571, $475,335 AND $4,044 RESPECTIVELY. PAUL FLYTHE EMPLOYEE 214947 SEE SCH O 0 SCHEDULE L, PART IV, COLUMN D: THE INDIVIDUALS WHO SERVE AS THE BOARD OF DIRECTORS OF THE ENTITY ARE ALSO DIRECTORS, OFFICERS OR KEY EMPLOYEES OF NCEMC'S MEMBER COOPERATIVES AND MAY BE DIRECTORS OF RELATED ENTITIES. NCEMC DOES NOT PROVIDE ANY COMPENSATION TO ITS DIRECTORS. IN ADDITION NCEMC DOES NOT DIRECTLY COMPENSATE NOR HAS IT UNDERTAKEN ANY SINGLE TRANSACTION IN EXCESS OF $10,000 OR A SERIES OF TRANSACTIONS IN EXCESS OF $100,000 TO ANY INTERESTED PERSON, INCLUDING CURRENT AND FORMER OFFICERS, DIRECTORS AND FAMILY MEMBERS OF CURRENT AND FORMER OFFICERS, DIRECTORS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE COMPANY IS A MEMBER-OWNED GENERATION AND TRANSMISSION ELECTRIC COOPERATIVE OWNED BY 25 NORTH CAROLINA ELECTRIC COOPERATIVES. FORM 990, PART VI, SECTION A, LINE 7A THE COMPANY'S BOARD OF DIRECTORS IS COMPRISED OF 50 DIRECTORS REPRESENTING THE GENERAL MANAGER OR CHIEF EXECUTIVE OFFICER FROM EACH OF THE 25 MEMBERS AND 25 DIRECTORS SELECTED FROM THE BOARD OF DIRECTORS FROM EACH OF THE 25 MEMBERS. THE BOARD OF DIRECTORS ELECTS THE OFFICERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS BY THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 2021 FORM 990 WAS DISCUSSED AT THE COMPANY'S BOARD OF DIRECTORS' MEETING IN APRIL, 2022 AND THE FORM IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY HAS A CONFLICT OF INTEREST POLICY IN PLACE FOR ALL STAFF AND MEMBERS OF THE BOARD OF DIRECTORS IN 2021. DIRECTORS, OFFICERS AND SENIOR MANAGEMENT ARE REQUIRED TO ANNUALLY DISCLOSE, VIA A WRITTEN QUESTIONNAIRE, ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COMPANY'S CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE RECOMMENDS A COMPENSATION AMOUNT TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS VOTES ON THE COMPENSATION. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED THROUGH ANNUAL PERFORMANCE REVIEWS AND PERIODIC INDUSTRY EVALUATIONS. COMPENSATION IS BASED ON BOTH QUALITATIVE AND QUANTITATIVE FACTORS. FORM 990, PART VI, SECTION C, LINE 19 NCEMC'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE NORTH CAROLINA SECRETARY OF STATE'S WEBSITE. ALL OTHER INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFITS ADJUSTMENT 3,442,244. FORM 990, SCH L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: PAUL FLYTHE, AN EMPLOYEE OF THE COMPANY, IS THE SPOUSE OF A CURRENT DIRECTOR. NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 561189186 MEMBER SERVICES NC 501(C)(6) N/A NO 0 HUMAN CONNECTIONS FOUNDATION INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 651261123 DISTRIBUTES RELIEF FUNDS NC 501(C)(3) NO NO 0 THE TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION 3400 SUMNER BOULEVARD RALEIGH NC 27616 560575465 MATERIAL AND EQUIPMENT SALES NC N/A C 0 NCEMC SOLAR ONE LLC 3400 SUMNER BOULEVARD RALEIGH NC 27616 471520849 SOLAR ENERGY ACTIVITY NC NCEMC C 1000 1000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES L 384979 COST ALLOCATION NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES N 175667 COST ALLOCATION NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES O 5312982 COST ALLOCATION TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION O 3074034 COST ALLOCATION TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION L 83342 COST ALLOCATION