2025-06-18T17:00:08-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 JORDAN OVERBEE PRESIDENT/GM 9197322123 2025-06-18 true false WILLIAM R ROUNTREE P01231836 4787466277 2025-06-18 2024 2025-03-06 01:10:19Z JORDAN OVERBEE PO BOX 1179 HILLSBOROUGH NC 27278 79628831 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 9 102 0 0 76801662 78825056 67819 123561 -44317 634028 76825164 79582645 0 5001914 3762666 14808435 15043586 0 0 57014815 60776393 76825164 79582645 0 237741149 247993916 162492769 170544088 75248380 77449828 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 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 78 0 true 102 true false false false false false 77920565 1280933 false false false X 9 9 false false false 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 X JAMES RANDY KINLEY CHAIRMAN 10.16 X X 46287 0 0 STEVEN BAILEY VICE-CHAIRMA 7.69 X X 34369 0 0 DAVID POYTHRESS SECRETARY 5.49 X X 29743 0 0 RICHAL VANHOOK TREASURER 6.90 X X 35595 0 0 STEPHEN LONG DIRECTOR 7.81 X 28732 0 0 CYRUS VERNON DIRECTOR 6.17 X 33408 0 0 V KAY SCURLOCK-FERGUSON DIRECTOR 12.30 X 40214 0 0 JIMMY THOMAS DIRECTOR 5.05 X 31005 0 0 DARREN CHALK DIRECTOR 6.96 X 32898 0 0 JORDAN OVERBEE PRESIDENT/GM 50.00 X 154576 0 11495 STEVE HAMLIN PRESIDENT/GM 50.00 X 322369 0 92094 SUSAN CASHION VP COMPL. & 50.00 X 167330 0 79806 LAWRENCE HOPKINS VP - ENGINEE 50.00 X 255205 0 92605 LISA KENNEDY VP FINANCIAL 50.00 X 238789 0 79468 ROBERT RILEY VP OF OPERAT 50.00 X 253301 0 24741 BRANDON REED MGR OF MBR S 50.00 X 169135 0 63932 1872956 444141 48 false true false LANDIS GYR TECHNOLOGIES PO BOX 78000 DETROIT MI 48278 METER INSTALLAT 432543 WELLSMONT LANDSCAPING 1005 DIMMOCKS MILL RD HILLSBOROUGH NC 27278 LANDSCAPING 223298 ELECTRICOM PO BOX 319 PAOLI IN 47454 FIBER INSTALLAT 191608 3 PROGRAM SERVICE REVENUE 221000 77920565 77920565 POLE RENTAL REVENUE 221000 539880 539880 CAPITAL CREDITS 221000 364611 364611 78825056 123561 123561 51265 46186 5079 5079 5079 SUBSIDIARY INCOME 653475 653475 SALE OF ASSETS 221000 107 107 NPBC MARGINS -24633 -24633 628949 79582645 78260650 1321995 3762666 3762666 892784 892784 10139892 10139892 1428927 1428927 1823706 1823706 758277 758277 3974006 3974006 9129293 9129293 PURCHASED POWER 42498444 42498444 DISTRIBUTION MAINTENANCE 4648078 4648078 CONSUMER ACCOUNTS 3084945 3084945 DISTRIBUTION OPERATIONS 2099955 2099955 -4658328 -4658328 79582645 79582645 0 0 3459434 3539509 1500000 8610767 8497288 4947675 6158321 4596950 4695596 609853 102898 320612044 104104354 205891596 216507690 6386640 6551205 3238234 441409 237741149 247993916 11731622 9211857 146401977 150885404 4359170 10446827 162492769 170544088 X 75248380 77449828 75248380 77449828 237741149 247993916 X 0 2201448 X false true X true false 3957236 3957236 11816237 5384297 6431940 304838571 98720057 206118514 216507690 CIA - WIP 6000000 ACCUM PROV FOR POST RETIRE BENEFITS 2274944 UNCLAIMED CAPITAL CREDITS 667278 CONSUMER DEPOSITS 516796 ACCUM PROV FOR VESTED LEAVE 500000 DEFERRED CREDITS 370680 RECOVERY OF RENEWABLE ENERGY CRE... 117129 10446827 79582645 79582645 79582645 75819979 75819979 3762666 3762666 79582645 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,762,666 X X X false false false JORDAN OVERBEE PRESIDENT/GM 144387 10189 3888 7607 166071 STEVE HAMLIN PRESIDENT/GM-RETIRED 215651 162 106556 70224 21870 414463 SUSAN CASHION VP COMPL. & ADMI OFF 156312 7378 3640 62747 17059 247136 LAWRENCE HOPKINS VP - ENGINEERING 231906 7738 15561 67222 25383 347810 LISA KENNEDY VP FINANCIAL SERVICE 221483 5745 11561 62385 17083 318257 ROBERT RILEY VP OF OPERATIONS 227731 7802 17768 7832 16909 278042 BRANDON REED MGR OF MBR SERV & PR 165248 3539 348 48166 15766 233067 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 VII AFTER MONTHS OF DELIBERATION AND A THOROUGH REVIEW OF NUMEROUS HIGHLY QUALIFIED CANDIDATES, THE BOARD OF DIRECTORS CHOSE JORDAN OVERBEE AS THE NEW PRESIDENT AND GENERAL MANAGER OF PIEDMONT ELECTRIC COOPERATIVE. MR. OVERBEE BECAME THE PRESIDENT AND GENERAL MANAGER DURING 2024. MR. OVERBEE REPLACED STEVE HAMLIN WHO RETIRED FROM THE POSITION IN 2024. FORM 990, PART XI, LINE 9 DONATED CAPITAL 303,543 MEMBERSHIP FEES 1,575 PATRONAGE CAPITAL CREDITS 3,762,666 CAPITAL CREDIT RETIREMENTS -1,735,639 OTHER COMPREHENSIVE INCOME -130,697 TOTAL 2,201,448 PIEDMONT ELECTRIC HELPING HANDS PO DRAWER 1179 HILLSBOROUGH NC 27278 821334221 CHARITY NC 3 7 N/A false PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 ENERGY SRV NC C CORP C CORP 51333 324875 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 59847 COST PIEDMONT SERVICES HOLDING INC P 210501 COST