2021-05-15T08:02:38-05:00 2020-12-31 861065772 DELOITTE TAX LLP 191 PEACHTREE STREET NE SUITE 2000 ATLANTA GA 303031943 990 2020-01-01 560995910 NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION NORT 9198720800 3400 SUMNER BOULEVARD RALEIGH NC 27616 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 9198720800 2021-05-15 1 RICHARD FEATHERS 999009999 BRIAN GAREAU P00847877 4042202000 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSEPH P BRANNAN 3400 SUMNER BOULEVARD RALEIGH NC 27616 1331865930 0 X WWW.NCEMCS.COM X 1949 NC SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES. 50 49 180 0 364538 0 0 0 1187850241 1092154822 31216187 16786514 36600 364538 1219103028 1109305874 671335 681187 0 0 42347370 44738586 0 0 0 1146084323 1033886101 1189103028 1079305874 30000000 30000000 2180228388 2174728007 1920806761 1885954288 259421627 288773719 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 38 0 1 180 1 1 1 0 0 0 0 978290851 95999214 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 1109006 0 307224 LARK S JAMES SENIOR VP, FINANCE & CFO 34.00 6.00 X 482404 0 155397 MICHAEL W BURNETTE SENIOR VP & COO 40.00 X 433727 0 130053 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 34.00 6.00 X 372702 0 127995 NELLE P HOTCHKISS SENIOR VP & COO, NCAEC 10.00 30.00 X 345455 0 123201 CHRISTOPHER W VANLOKEREN CHIEF INFORMATION OFFICER 34.00 6.00 X 307405 0 92055 LEE S RAGSDALE SENIOR VP, GRID INFRASTRUCTURE & COMPLIANCE 40.00 X 266976 0 105218 DOUGLAS R BROWNE VICE PRESIDENT, FINANCE & ACCOUNTING 34.00 6.00 X 252698 0 99978 DIANE C HUIS SENIOR VP, INNOVATION & BUSINESS DEVELOPMENT 40.00 0.00 X 245525 0 98157 CHARLES E BAYLESS ASSISTANT SECRETARY/TREASURER 34.00 6.00 X 223932 0 77637 MICHAEL D YOUTH ASSISTANT SECRETARY/TREASURER 34.00 6.00 X 189715 0 54478 PAUL SPRUILL PRESIDENT 4.00 2.00 X X 0 0 0 W GREG PUCKETT VICE PRESIDENT 4.00 2.00 X X 0 0 0 SUSAN E FLYTHE 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 DAVID EGGERS 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 MITCHELL L KEEL 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 SHAWN HUNT 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 CURTIS WYNN 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 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 GREG ANDRESS 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 4229545 0 1371393 89 0 1 0 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 460327731 POWER MANAGEMENT SERVICES 3140233 MCCARTER & ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 071020652 LEGAL SERVICES 915537 MORNINGSTAR LAW GROUP 421 FAYETVILLE STREET SUITE 530 RALEIGH NC 276011792 LEGAL SERVICES 286717 GRANT THORTON LLP 4140 PARKLAKE AVE SUITE 130 RALEIGH NC 27612 ACCOUNTING SERVICES 134216 POYNER SPRUILL PO BOX 746773 ATLANTA GA 303746773 LEGAL SERVICES 119686 7 PROVIDE ELECTRIC POWER 1092154822 1092154822 1092154822 9994448 9994448 174480 0 174480 174480 174480 229352122 222269337 290719 7082785 -290719 6792066 6792066 MISCELLANEOUS INCOME 561000 190000 190000 INTEREST INCOME 561000 58 58 190058 1109305874 1092154822 364538 16786514 681187 5600937 38070079 1001713 76350 -10493 1475732 317316 117813 924723 126878 46272635 70956278 105459 PURCHASED POWER 660154761 TRANSMISSION & ANCILLAR 73203513 POWER GENERATION EXPENS 71576532 FUEL USED IN GENERATION 56074473 52579988 1079305874 284658348 207842867 102583256 96372927 2447022 5233618 26322868 26861705 3063255 4049140 2679687474 1500893813 1198216152 1178793661 358150254 419709273 16812600 57839003 187974633 178025813 2180228388 2174728007 179120333 166230101 1291849575 1206683877 449836853 513040310 1920806761 1885954288 X 625 625 0 0 259421002 288773094 259421627 288773719 2180228388 2174728007 X 30000000 -647908 X 0 1 X 1 0 204173 204173 29820167 10085406 19734761 702403 395362 307041 108032721 19126934 88905787 2540928010 1471286111 1069641899 1178793661 CONSTRUCTION WORK IN PROCESS 51062338 DEFERRED DECOMMISSIONING COSTS 6417591 OTHER DEFERRED COSTS 115571216 LOSS ON REFINANCING 4974668 178025813 DECOMMISSIONING ASSET RETIREMENT OBLIGATION 304852243 POSTRETIREMENT/POST EMPLOYMENT BENEFITS OBLIGATION 14898923 REGULATORY LIABILITIES 66966085 CAPITAL LEASE OBLIGATIONS 3809286 UNREALIZED GAINS & LOSSES 122513773 513040310 1110418145 0 1110418145 -1112271 -1112271 1109305874 1080418145 0 1080418145 -1112271 -1112271 1079305874 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 EDUCATIONAL ASSISTANCE NRECA INTERNATIONAL FOUNDATION PO BOX 75472 BALTIMORE MD 21275 521387851 501(C)(3) 25000 CONTRIBUTION UNC CHARLOTTE 8700 PHILLIPS ROAD CHARLOTTE NC 28223 560791228 501(C)(3) 25000 EDUCATIONAL ASSISTANCE ECONOMIC DEVELOPMENT PARTNERSHIP 15000 WESTON PARKWAY CARY NC 27513 464840814 501(C)(3) 25000 ECONOMIC DEVELOPMENT ASSISTANCE UNC PEMBROKE 1 UNIVERSITY DRIVE PEMBROKE NC 28372 566000805 501(C)(3) 25000 EDUCATIONAL ASSISTANCE NC BUSINESS LEADERS FOR EDUCATION 2826 LAZY LN WINSTON SALEM NC 27106 462988453 501(C)(3) 20000 EDUCATIONAL CONTRIBUTION NC STATE UNIVERSITY FOUNDATION 1210 VARSITY DRIVE SUITE 202 RALEIGH NC 27606 566049503 501(C)(3) 18500 EDUCATIONAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 18250 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 18250 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 18250 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 18250 AGRICULTURAL ASSISTANCE BLUE RIDGE EMC PO BOX 250 LENOIR NC 27502 560160075 501(C)(12) 16821 EDUCATIONAL ASSISTANCE INSTITUTE FOR EMERGING ISSUES CENTENNIAL CAMPUS BOX 7406 RALEIGH NC 27695 566000756 501(C)(3) 16050 EDUCATIONAL ASSISTANCE BRUNSWICK EMC PO BOX 826 SHALLOTTE NC 27261 560154512 501(C)(12) 15796 EDUCATIONAL ASSISTANCE RUTHERFORD EMC PO BOX 1569 FOREST CITY NC 27546 560386171 501(C)(12) 15101 EDUCATIONAL ASSISTANCE FOUR COUNTY EMC PO BOX 667 BURGAW NC 28458 560227152 501(C)(12) 15000 EDUCATIONAL ASSISTANCE FOUR COUNTY EMC PO BOX 667 BURGAW NC 28458 560227152 501(C)(12) 15000 EDUCATIONAL ASSISTANCE RURAL ECONOMIC DEVELOPMENT CENTER INC 4021 CARYA DR RALEIGH NC 27610 561552375 501(C)(3) 15000 ECONOMIC DEVELOPMENT ASSISTANCE LEADERSHIP NORTH CAROLINA 2700 WYCLIFF RD STE 402 RALEIGH NC 27607 561757109 501(C)(3) 15000 CONTRIBUTION UNION POWER COOPERATIVE PO BOX 5014 MONROE NC 28111 560435549 501(C)(12) 13835 EDUCATIONAL ASSISTANCE RESEARCH TRIANGLE INSTITUTE PO BOX 900002 RALEIGH NC 27675 560686338 501(C)(3) 12500 EDUCATIONAL ASSISTANCE NC JAYCEE BURN CENTER 101 MANNING DR CHAPEL HILL NC 27514 566001393 501(C)(3) 12500 CONTRIBUTION JONES ONSLOW EMC 259 WESTERN BLVD JACKSONVILLE NC 28546 560283268 501(C)(12) 12422 EDUCATIONAL ASSISTANCE WAKE EMC PO BOX 1060 HILLSBOROUGH NC 27894 560440935 501(C)(12) 11487 EDUCATIONAL ASSISTANCE LUMBEE RIVER EMC PO BOX 830 RED SPRINGS NC 27560 560305124 501(C)(12) 11312 EDUCATIONAL ASSISTANCE SOUTH RIVER EMC PO BOX 931 DUNN NC 27702 560405464 501(C)(12) 10200 EDUCATIONAL ASSISTANCE DEMOCRATIC GOVERNORS' ASSOC 1225 EYE ST NW STE 1100 WASHINGTON DC 20005 521304889 527 10000 POLITICAL LEADERSHIP LEUKEMIA & LYMPHOMA SOCIETY 401 HARRISON OAKS BLVD CARY NC 27513 135644916 501(C)(3) 10000 MEDICAL DONATION NORTH CAROLINA COMMUNITY FOUNDATION 3737 GLENWOOD AVE 460 RALEIGH NC 27612 581661700 501(C)(3) 10000 ECONOMIC DEVELOPMENT ASSISTANCE OCCONEECHEE COUNCIL 3231 ATLANTIC AVE RALEIGH NC 27604 560529984 501(C)(3) 10000 CIVIC DONATION CAROLINA COMMON ENTERPRISE PO BOX 2241 DURHAM NC 27702 460568407 501(C)(3) 10000 CONTRIBUTION CAROLINA PARTNERSHIP FOR REFOR 9660-138 FALLS OF NEUSE RD RALEIGH NC 27615 RALEIGH NC 27615 462332524 501(C)(4) 10000 ECONOMIC DEVELOPMENT ASSISTANCE NCEDA FOUNDATION INC PO BOX 30934 RALEIGH NC 214682624 566093438 501(C)(3) 10000 ECONOMIC DEVELOPMENT ASSISTANCE PIEDMONT EMC PO DRAWER 1179 HILLSBOROUGH NC 27278 560358446 501(C)(12) 9328 EDUCATIONAL ASSISTANCE CARTERET CRAVEN EC PO BOX 1490 NEWPORT NC 28802 560168825 501(C)(12) 9316 EDUCATIONAL ASSISTANCE HAYWOOD EMC 376 GRINDSTONE RD WAYNESVILLE NC 28785 560193499 501(C)(12) 8732 EDUCATIONAL ASSISTANCE TOBACCO FARM LIFE MUSEUM INC PO BOX 88 KENLY NC 28115 581544798 501(C)(3) 8000 AGRICULTURAL ASSISTANCE NC AGRIBUSINESS COUNCIL INC 2500 REGENCY PKWY CARY NC 27518 561029240 501(C)(3) 7500 AGRICULTURAL ASSISTANCE NC AGRIBUSINESS COUNCIL INC 2500 REGENCY PKWY CARY NC 27518 561029240 501(C)(3) 7500 AGRICULTURAL ASSISTANCE NC AGRICULTURAL FOUNDATION CAMPUS BOX 7645 NC STATE UNIVERSARY CAMPUS RALEIGH NC 27695 566049304 501(C)(3) 7500 AGRICULTURAL ASSISTANCE FOUR COUNTY EMC PO BOX 667 BURGAW NC 28458 560227152 501(C)(12) 7360 EDUCATIONAL ASSISTANCE RANDOLPH EMC PO BOX 40 ASHEBORO NC 28042 560371555 501(C)(12) 7316 EDUCATIONAL ASSISTANCE SURRY YADKIN EMC PO BOX 305 DOBSON NC 27505 560421795 501(C)(12) 6250 EDUCATIONAL ASSISTANCE NC STATE UNIVERSITY 1150 VARISITY DRIVE RALEIGH NC 27695 475188573 501(C)(3) 6000 EDUCATIONAL ASSISTANCE HUMAN CONNECTIONS FUND 3400 SUMNER BLVD RALEIGH NC 27616 651261123 501(C)(3) 5675 COMMUNITY AID ASSISTANCE TIDELAND EMC 25831 HWY 264 E PANTEGO NC 25831 560993598 501(C)(12) 5316 EDUCATIONAL ASSISTANCE TRI COUNTY EMC 4255 ALT US HWY 117 S DUDLEY NC 28333 560432086 501(C)(12) 5270 EDUCATIONAL ASSISTANCE PEE DEE EMC 575 US HWY 52 S WADESBORO NC 28170 560123345 501(C)(12) 5266 EDUCATIONAL ASSISTANCE INSTITUTE OF POLITICAL LEADERSHIP 2 NEW BERN SQUARE GREENSBORO NC 27408 561553715 501(C)(3) 5000 POLITICAL LEADERSHIP TRAINING NCEDA PO BOX 30934 RALEIGH NC 27622 566093438 501(C)(3) 5000 ECONOMIC DEVELOPMENT ASSISTANCE NC FOUNDATION FOR SOIL & WATER 5171 GLENWOOD AVE RALEIGH NC 27612 562158494 501(C)(3) 5000 AGRICULTURAL ASSISTANCE NORTH CAROLINA CHAMBER 701 CORPORATE CENTER DR STE 400 RALEIGH NC 27607 560340499 501(C)(6) 5000 ECONOMIC DEVELOPMENT ASSISTANCE NC FREE ENTERPRISE FOUNDATION INC PO BOX 12406 RALEIGH NC 27709 561782403 501(C)(3) 5000 EDUCATIONAL & CIVIC ASSISTANCE NC FREE ENTERPRISE FOUNDATION INC PO BOX 12406 RALEIGH NC 27709 561782403 501(C)(3) 5000 EDUCATIONAL & CIVIC ASSISTANCE NC FREE ENTERPRISE FOUNDATION INC PO BOX 12406 RALEIGH NC 27709 561782403 501(C)(3) 5000 EDUCATIONAL & CIVIC ASSISTANCE ECONOMIC DEVELOPMENT PARTNERSHIP 15000 WESTON PARKWAY CARY NC 27513 464840814 501(C)(3) 5000 ECONOMIC DEVELOPMENT ASSISTANCE NC EDUCATIONAL SCHOLARSHIP FUND INC PO BOX 40598 RALEIGH NC 27603 202227646 501(C)(3) 5000 EDUCATIONAL CONTRIBUTION CONSERVATION LEGACY 701 CAMINO DEL RIO 101 DURANGO CO 81301 581552188 501(C)(3) 5000 ENVIRONMENTAL OUTREACH 35 23 X X 0 1 0 JOSEPH P BRANNAN EXECUTIVE VP & CEO 1109006 0 0 0 0 0 276801 0 30423 0 1416230 0 0 0 LARK S JAMES SENIOR VP, FINANCE & CFO 482404 0 0 0 0 0 125441 0 29956 0 637801 0 0 0 MICHAEL W BURNETTE SENIOR VP & COO 433727 0 0 0 0 0 112144 0 17909 0 563780 0 0 0 RICHARD M FEATHERS SENIOR VP, GENERAL COUNSEL 372702 0 0 0 0 0 98849 0 29146 0 500697 0 0 0 NELLE P HOTCHKISS SENIOR VP & COO, NCAEC 345455 0 0 0 0 0 94189 0 29012 0 468656 0 0 0 CHRISTOPHER W VANLOKEREN CHIEF INFORMATION OFFICER 307405 0 0 0 0 0 63273 0 28782 0 399460 0 0 0 LEE S RAGSDALE SENIOR VP, GRID INFRASTRUCTURE & COM 266976 0 0 0 0 0 76729 0 28489 0 372194 0 0 0 DOUGLAS R BROWNE VICE PRESIDENT, FINANCE & ACCOUNTING 252698 0 0 0 0 0 71654 0 28324 0 352676 0 0 0 DIANE C HUIS SENIOR VP, INNOVATION & BUSINESS DEV 245525 0 0 0 0 0 69866 0 28291 0 343682 0 0 0 CHARLES E BAYLESS ASSISTANT SECRETARY/TREASURER 223932 0 0 0 0 0 61414 0 16223 0 301569 0 0 0 MICHAEL D YOUTH ASSISTANT SECRETARY/TREASURER 189715 0 0 0 0 0 38638 0 15840 0 244193 0 0 0 EXPLANATION FOR LINE 4B: OFFICERS OF THE ORGANIZATION DID NOT RECEIVE ANY RETIREMENT PAYOUTS IN 2020 PER THE TERMS OF COMPANY'S RETIREMENT PLAN. PAUL FLYTHE EMPLOYEE 209329 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 2020 FORM 990 WAS DISCUSSED AT THE COMPANY'S BOARD OF DIRECTORS' MEETING IN APRIL, 2021 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 2020. 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 -647,908. 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 417855 COST ALLOCATION NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES N 106417 COST ALLOCATION NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES O 5301482 COST ALLOCATION TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION O 3096470 COST ALLOCATION TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION L 77300 COST ALLOCATION