2020-10-05T10:13:04-05:00 2019-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2019-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & CEO 9197322123 2020-10-01 true BRYAN A ISGETT P01441928 4787466277 2020-10-05 98.175.202.218 2020-10-05 10:13:04 CD P 25F9B7C04C37FA469521EEC6F4E14D36AC5D002A A3B94424D657E207F786669336710D9C6E8823F7 2019 2021-04-22 16:20:28Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 65253772 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 10 119 0 0 64691512 63538734 1585346 1650522 3138 -19411 66279996 65169845 0 3038735 3194636 12556591 12040304 0 0 50684670 49934905 66279996 65169845 0 196566468 199964059 134906272 136531658 61660196 63432401 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 79 0 true 119 true false false false false false 62707404 1971160 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 10.77 X X 31487 0 0 PAUL L BAILEY VICE CHAIRMA 4.16 X X 20846 0 0 SAM T WOODS SECRETARY 3.40 X X 20703 0 0 RICHAL VANHOOK TREASURER 8.13 X X 29962 0 0 JAMES RANDY KINLEY DIRECTOR 9.08 X 31463 0 0 STEPHEN LONG DIRECTOR 7.79 X 27051 0 0 DAVID POYTHRESS DIRECTOR 5.17 X 22655 0 0 ANDREW MICHAEL OAKLEY DIRECTOR 7.04 X 21023 0 0 CYRUS VERNON DIRECTOR 5.03 X 25549 0 0 ELIZABETH TOWNSEND DIRECTOR 4.64 X 16315 0 0 YANCEY W TALMADGE DIRECTOR 2.21 X 6575 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 251674 0 95674 SUSAN CASHION VP CHIEF COM 50.00 X 192812 0 63023 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 182722 0 76927 ROBERT RILEY VP OF OPERAT 50.00 X 149284 0 55918 LISA KENNEDY VP FINANCIAL 50.00 X 150598 0 63832 BRANDON REED MGR OF MBR S 50.00 X 133843 0 54555 1314562 409929 16 false true false WELLSMONT LANDSCAING 1005 DIMMOCKS MILL RD HILLSBOROUGH NC 27278 LANDSCAPING 123190 1 PROGRAM SERVICE REVENUE 221000 62707404 62707404 CAPITAL CREDITS 221000 440827 440827 POLE RENTAL REVENUE 221000 390503 390503 63538734 1672569 1672569 21935 35630 -13695 -13695 -13695 26250 48297 -22047 -22047 -22047 SUBSIDIARY INCOME 221000 -5716 -5716 -5716 65169845 63148231 2021614 3194636 3194636 600977 600977 8184714 8184714 1616654 1616654 1043936 1043936 594023 594023 4283625 4283625 7200827 7200827 PURCHASED POWER 34222422 34222422 DISTRIBUTION MAINTENANCE 3468209 3468209 CONSUMER ACCOUNTS 2440335 2440335 DISTRIBUTION OPERATIONS 2021838 2021838 -3702351 -3702351 65169845 65169845 0 0 1964033 1894500 7500279 6836669 7945868 7679479 1552934 1839179 3823436 2268545 256732955 85070511 166130133 171662444 7642453 7775911 7332 7332 196566468 199964059 23655835 17064818 103812396 113262173 7438041 6204667 134906272 136531658 X 1975705 2206104 59684491 61226297 61660196 63432401 196566468 199964059 X 0 1772205 X false true X true true true 3631300 3631300 10926034 4022447 6903587 242175621 81048064 161127557 171662444 ACCUM PROV FOR POST RETIRE BENEFITS 2730846 CONSUMER DEPOSITS 898189 OVERRECOVERY-WHOLESALE POWER COSTS 881621 UNCLAIMED CAPITAL CREDITS 755328 ACCUM PROV FOR VESTED LEAVE 500000 RECOVERY OF RENEWABLE ENERGY CRE... 357327 OTHER 81356 6204667 65169845 65169845 65169845 61975209 61975209 3194636 3194636 65169845 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,194,636 X X X false false false STEVE HAMLIN PRESIDENT & CEO 233485 3865 14324 78742 16932 347348 SUSAN CASHION VP CHIEF COMPLIANCE 185248 3040 4524 59253 3770 255835 LAWRENCE HOPKINS MGR - ENGINEERING 176554 2927 3241 58850 18077 259649 ROBERT RILEY VP OF OPERATIONS 140179 2544 6561 44158 11760 205202 LISA KENNEDY VP FINANCIAL SERVICE 141164 2395 7039 48343 15489 214430 BRANDON REED MGR OF MBR SERV & PR 131279 2333 231 42912 11643 188398 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 228,424 MEMBERSHIP FEES 1,975 PATRONAGE CAPITAL CREDITS 3,194,636 CAPITAL CREDIT RETIREMENTS -1,448,622 OTHER COMPREHENSIVE INCOME -204,208 TOTAL 1,772,205 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 UTILITY RE NC C CORP C CORP -5716 719595 false false false false false false false false false false false false false false false false true true false false PIEDMONT SERVICES HOLDING INC Q 162595 COST PIEDMONT SERVICES HOLDING INC P 23497 COST