2020-05-13T13:27:07-05:00 2019-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2019-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 CARY J LOGAN JR PRESIDENT AND CEO 8048342424 2020-05-01 1 MELISSA STANLEY P00720497 5403450936 2020-05-01 206.248.228.130 2020-05-01 09:59:16 ED P 378D4186F9CE6543BC7E5AF2D364A762768AF3BA 8374FAC88A81930F49006B816C0C3DF62F79E8A0 2019 2021-04-22 16:20:28Z CARY J LOGAN JR 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 41367907 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 62 0 0 0 0 0 39187288 41200510 90532 37241 42314 130156 39320134 41367907 0 0 470064 749640 1271117 1446836 0 0 0 36882272 38521248 38623453 40717724 696681 650183 75483313 89293130 44626330 57221315 30856983 32071815 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 32 0 1 62 1 0 0 0 0 0 0 0 40466131 901776 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ROBERT H HALL 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 PAUL H BROWN CHAIRMAN 5.00 X X 21480 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 5.00 X X 16000 0 0 JOHN M BROCK JR DIRECTOR 5.00 X 15759 0 0 CHRISTOPHER T PARKER DIRECTOR 5.00 X 16000 0 0 HERBERT R PATRICK SECRETARY - TREASURER 5.00 X X 17317 0 0 MATTHEW P CARDEN DIRECTOR 5.00 X 16000 0 0 RANDOLPH G WILLIAMS VICE CHAIRMAN 5.00 X X 12100 0 0 DENYA C HANKERSON DIRECTOR 5.00 X 17222 0 0 BRIAN E COEY DIRECTOR 5.00 X 15600 0 0 MICHAEL EDWARD MALANDRO FORMER PRESIDENT AND CEO 40.00 X 141232 0 6002 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 40.00 X 164967 0 15358 CARY JEROME LOGAN JR PRESIDENT AND CEO 40.00 X 260498 0 20884 TIMOTHY W MCGAHA FORMER VICE PRESIDENT OF INFORMAT 40.00 X 82774 0 9501 CYNTHIA R CHAPLINE VICE PRESIDENT OF COMMUNIC 40.00 X 138071 0 5070 SARAT YELLEPEDDI VICE PRESIDENT OF INFORMATION TECHNOLOGY 40.00 X 46251 0 232 MICHAEL E MCMAHON JR VICE PRESIDENT OF ENGINEERING 40.00 X 52922 0 263 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 40.00 X 153958 0 21802 1188151 0 79112 5 0 1 0 POWERSECURE INC 1609 HERITAGE COMMERCE COURT WAKE FOREST NC 27587 INNOVATIVE ENERGY SOLUTIONS PROVIDER 2746278 POWERSERVICES INC 1616 E MILLBROOK ROAD SUITE 210 RALEIGH NC 27609 TRADITIONAL ELECTRICAL ENGINEERING CONSU 1075949 PIKE ELECTRIC LLC 100 PIKE WAY MT AIRY NC 27030 ENERGY SOLUTIONS PROVIDER 1066894 LEE ELECTRICAL CONSTRUCTION INC 12828 HIGHWAY 15-501 SOUTH - PO BOX ABERDEEN NC 28315 POWER LINE CONSTRUCTION 969623 MID ATLANTIC FIBER OPTICS SERVICES 2325 GRASSY HILL ROAD SOUTH BOSTON VA 24592 OPEN-ACCESS FIBER NETWORKS 636592 11 ELECTRICITY TO MEMBERS 221000 40466131 40466131 PATRONAGE ALLOCATIONS 221000 626536 626536 POLE RENTAL 221000 107843 107843 41200510 37241 37241 OTHER NON-OPERATING INCOME 900099 130156 130156 130156 41367907 41222823 0 145084 749640 1188151 258685 166511 24180 82379 216629 686311 80519 36290 46701 1744524 2893375 27935 COST OF POWER 26669279 DISTRIBUTION MAINTENANC 2055809 CONSUMER ACCOUNTS 1710393 DISTRIBUTION OPERATION 1301735 778678 40717724 2298977 5006064 4282635 6352037 2571565 2735371 1369552 1314617 93865359 36186024 49135013 57679335 15802762 16182897 22809 22809 75483313 89293130 3408670 6543965 35202959 45934044 6014701 4743306 44626330 57221315 X 0 0 0 0 30856983 32071815 30856983 32071815 75483313 89293130 X 650183 564649 X X 0 1 X 1 0 1878776 1878776 6009074 2388513 3620561 78317662 33797511 44520151 7659847 7659847 57679335 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 518009 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 12500 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 14652002 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 751512 C VARIOUS MEMBERSHIP FEES 1025 C OTHER INVESTMENTS 65389 C 16182897 CONSUMER DEPOSITS 1261969 OTHER CURRENT AND ACCRUED LIABILITIES 719211 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 503838 RESERVE FOR STORM DAMAGE 818549 DEFERRED CREDITS 709136 DEFERRED GRANT REVENUE 730603 4743306 41365907 0 41365907 2000 2000 41367907 39966085 0 39966085 751639 751639 40717724 PART XI, LINE 4B - OTHER ADJUSTMENTS: COMMERCIAL ACTIVATION FEE PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS COMMERCIAL ACTIVATION FEE X X X 0 1 0 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 164967 0 0 0 0 0 3229 0 12129 0 180325 0 0 0 CARY JEROME LOGAN JR PRESIDENT AND CEO 260498 0 0 0 0 0 4314 0 16570 0 281382 0 0 0 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 153958 0 0 0 0 0 3018 0 18784 0 175760 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PRINCE GEORGE ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST WHETHER ACTUAL OR PERCEIVED ARE PROHIBITED. ANY CONFLICT OR POTENTIAL CONFLICT MUST BE REPORTED TO CEO, CHAIRMAN OF BOARD, COMPLIANCE OFFICER, OR AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 PGEC UTILIZES 3RD PARTY CONTRACTOR TO DETERMINE SALARY RANGES. THESE ARE BASED ON POSITION, GEOGRAPHIC LOCATION, AND COMPARISON TO OTHER ORGANIZATIONS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 445. CHANGE IN OTHER COMPREHENSIVE INCOME 396,226. CHANGE IN UNCLAIMED CAPITAL CREDITS 167,978. FORM 990, PART XII, LINE 2C THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR. PGEC ENTERPRISES LLC PO BOX 196 WAVERLY VA 23890 813081868 INTERNET ACCESS VA 1385481 6849611 PRINCE GEORGE ELECTRIC COOPERATIVE