2021-09-30T10:41:29-05:00 2020-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2020-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & GEN. MGR 9197322123 2021-09-28 true STEVE HAMLIN 999009999 BRYAN A ISGETT P01441928 4787466277 2021-09-30 2020 2022-09-23 18:48:47Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 66907300 false X WWW.PEMC.COOP X 1938 NC TO EMPOWER AND TO PARTNER WITH OUR MEMBER-CONSUMERS TO PROVIDE ENERGY VALUE AND TO ENHANCE THE QUALITY OF LIFE. 10 10 112 0 0 63538734 65578950 1650522 1317146 -19411 -28615 65169845 66867481 0 3194636 3522484 12040304 12971880 0 0 49934905 50373117 65169845 66867481 0 199964059 206987330 136531658 141622865 63432401 65364465 TO EMPOWER AND TO PARTNER WITH OUR MEMBER-CONSUMERS TO PROVIDE ENERGY VALUE AND TO ENHANCE THE QUALITY OF LIFE. false false NA 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 75 0 true 112 true false false false false false 64883040 2137060 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false NC X LISA KENNEDY-VP OF FINANCIAL SERVIC 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 BILL BARBER CHAIRMAN 5.87 X X 24353 0 0 JAMES RANDY KINLEY VICE-CHAIRMA 3.21 X X 19063 0 0 SAM T WOODS SECRETARY 3.29 X X 19494 0 0 RICHAL VANHOOK TREASURER 7.15 X X 22325 0 0 STEPHEN LONG DIRECTOR 4.98 X 18299 0 0 DAVID POYTHRESS DIRECTOR 3.27 X 19709 0 0 ANDREW MICHAEL OAKLEY DIRECTOR 9.63 X 19588 0 0 CYRUS VERNON DIRECTOR 2.74 X 19663 0 0 ELIZABETH TOWNSEND DIRECTOR 2.35 X 19170 0 0 STEVEN BAILEY DIRECTOR 5.00 X 13710 0 0 PAUL L BAILEY DIRECTOR 5.38 X 8500 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 277660 0 107745 SUSAN CASHION VP COMPL. & 50.00 X 212535 0 81991 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 194267 0 85861 LISA KENNEDY VP FINANCIAL 50.00 X 167753 0 72305 BRANDON REED MGR OF MBR S 50.00 X 148226 0 61397 ROBERT RILEY VP OF OPERAT 50.00 X 166673 0 63307 1370988 472606 23 false true false WELLSMONT LANDSCAING 1005 DIMMOCKS MILL RD HILLSBOROUGH NC 27278 LANDSCAPING 149140 1 PROGRAM SERVICE REVENUE 221000 64883040 64883040 CAPITAL CREDITS 221000 392090 392090 POLE RENTAL REVENUE 221000 303820 303820 65578950 1142676 1142676 24246 39778 -15532 -15532 -15532 174511 41 174470 174470 174470 SUBSIDIARY INCOME 221000 -13083 -13083 -13083 66867481 65275130 1592351 3522484 3522484 589279 589279 8739458 8739458 1673373 1673373 1316224 1316224 653546 653546 3835589 3835589 7480584 7480584 PURCHASED POWER 35190631 35190631 DISTRIBUTION MAINTENANCE 3483089 3483089 CONSUMER ACCOUNTS 2779681 2779681 DISTRIBUTION OPERATIONS 1875215 1875215 -4271672 -4271672 66867481 66867481 0 0 1894500 2244856 6836669 7380291 7679479 7506709 1839179 2369701 2268545 1608552 267689361 89121640 171662444 178567721 7775911 7302168 7332 7332 199964059 206987330 17064818 25198074 113262173 110686555 6204667 5738236 136531658 141622865 X 2206104 2433607 61226297 62930858 63432401 65364465 199964059 206987330 X 0 1932064 X false true X true false 3632751 3632751 11334358 4273037 7061321 252722252 84848603 167873649 178567721 ACCUM PROV FOR POST RETIRE BENEFITS 2810431 OVERRECOVERY-WHOLESALE POWER COSTS 1031224 UNCLAIMED CAPITAL CREDITS 594783 CONSUMER DEPOSITS 510149 ACCUM PROV FOR VESTED LEAVE 500000 RECOVERY OF RENEWABLE ENERGY CRE... 228705 OTHER 62944 5738236 66867481 66867481 66867481 63344997 63344997 3522484 3522484 66867481 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,522,484 X X X false false false STEVE HAMLIN PRESIDENT & GEN. MGR 258130 5343 14187 87498 20247 385405 SUSAN CASHION VP COMPL. & ADMI OFF 205346 4003 3186 68054 13937 294526 LAWRENCE HOPKINS MGR - ENGINEERING 186834 4064 3369 66575 19286 280128 LISA KENNEDY VP FINANCIAL SERVICE 156717 3387 7649 55766 16539 240058 BRANDON REED MGR OF MBR SERV & PR 144979 2993 254 48944 12453 209623 ROBERT RILEY VP OF OPERATIONS 156347 3256 7070 50710 12597 229980 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. 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, 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 225,248 MEMBERSHIP FEES 2,255 PATRONAGE CAPITAL CREDITS 3,522,484 CAPITAL CREDIT RETIREMENTS -1,716,662 OTHER COMPREHENSIVE INCOME -101,261 TOTAL 1,932,064 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 UTILITY RE NC C CORP C CORP -13084 253283 1.00000 false false false false false false true false false false false false false false false false true true false false PIEDMONT SERVICES HOLDING INC Q 36086 COST PIEDMONT SERVICES HOLDING INC P 172332 COST PIEDMONT SERVICES HOLDING INC F 500000 COST