2020-11-12T14:24:06-06:00 2019-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2019-01-01 580198155 COBB ELECTRIC MEMBERSHIP CORP COBB 7704292100 PO BOX 369 MARIETTA GA 300610369 BRETT STOVERN CFO 6783553005 2020-11-12 true WILLIAM R ROUNTREE P01231836 4787466277 2020-11-12 52.38.98.93 2020-11-12 14:24:06 CS P 25F9B7C04C37FA469521EEC6F4E14D36AC5D002A 5586D5E413FCEF2742B907724651E8BC0D4D3AF0 2019 2022-01-07 14:23:13Z ATTN BRETT STOVERN PETER HEINTZELMAN 1000 EMC PARKWAY MARIETTA GA 30060 436028239 false X HTTPS://WWW.COBBEMC.COM X 1938 GA OUR MISSION: RELIABLE, SAFE ELECTRICITY, RATE COMPETITIVE, ROBUST GOVERNANCE, RELEVANT SERVICES, RECOGNIZED EMPLOYER 9 9 426 16000 15000 0 443448187 434412271 1492691 1515339 137777 100629 445078655 436028239 0 26297358 1119510 1958310 0 0 427637055 410325783 428756565 438581451 16322090 -2553212 961625506 999587945 571317518 584737319 390307988 414850626 X COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. false false OUR MISSION: RELIABLE, SAFE ELECTRICITY, RATE COMPETITIVE, ROBUST GOVERNANCE, RELEVANT SERVICES, RECOGNIZED EMPLOYER false false false false false false false false false true false true 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 true true true true false true 144 0 true 426 true true true false false false false 422851527 24915273 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 GA X X BRETT STOVERN CFO 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 X WILLIAM C SHARP III CHAIRMAN 10.00 5.00 X X 43633 8655 0 ERIC BROADWELL VICE-CHAIRMA 10.00 X X 45854 0 0 RUDY R UNDERWOOD SECRETARY/TR 7.00 X X 37692 0 0 DAVID MCCLELLAN DIRECTOR 7.00 5.00 X 40579 6737 0 EDWARD CROWELL DIRECTOR 7.00 5.00 X 58083 7946 0 BRYAN BOYD DIRECTOR 7.00 5.00 X 54212 8660 0 CHARLES M SWANSON DIRECTOR 7.00 X 35076 0 0 KELLY P BODNER DIRECTOR 7.00 X 40085 0 0 DAVID V TENNANT DIRECTOR 7.00 5.00 X 58864 1846 0 PETER HEINTZELMAN CEO 50.00 X 758296 0 55498 BRETT STOVERN CFO 50.00 X 498295 0 55498 KEVAN ESPY VP-MKT/CORP 50.00 X 386743 0 133342 TIM SOSEBEE VP-BUSINESS 50.00 X 314218 0 137909 TIM JARRELL VP-POWER SUP 50.00 X 262994 0 92064 KRISTI KNIGHT VP-INT. AUDI 50.00 X 235098 0 19341 2869722 33844 493652 177 false true false PIKE ELECTRIC INC 100 PIKE WAY MT AIRY NC 27030 CONTRACTOR 15118663 LEWIS TREE SERVICE INC 300 LUCIUS GORDON DR WEST HENRIETTA NY 145869686 ROW CLEARING 4917863 W A KENDALL AND COMPANY INC PO BOX 831 LAWRENCEVILLE GA 30046 ROW CLEARING 2555782 J ADAMS ELECTRICAL CONTRACTOR 1240 OLD BELLS FERRY RD MARIETTA GA 30066 CONTRACTOR 1954478 ONE VISION UTILITY SVCS LLC 1119 GRASSDALE RD NW CARTERSVILLE GA 30121 REG. COMPLIANCE 1193856 42 ELECTRIC REVENUE 221000 422851527 422851527 PATRONAGE CAPITAL CREDITS 221000 8223165 8223165 POLE AND OTHER ATTACHMENTS 3337579 3337579 434412271 1515339 1515339 84629 16000 84629 16000 100629 16000 84629 436028239 435927610 16000 84629 26297358 1958310 20996893 32739463 PURCHASED POWER 285444223 DISTRIBUTION MAINTENANCE 22616419 ADMIN. & GENERAL EXP. 19035425 CONSUMER ACCOUNTS 15011318 14482042 438581451 0 0 0 2119990 976245 52975584 57065226 4945040 4660331 5862673 4260005 2777499 2566111 932581711 266727737 642379723 665853974 212982942 214929730 5538500 4902500 32043555 44373823 961625506 999587945 46629938 47622226 411157040 400309906 3800000 109730540 136805187 571317518 584737319 X 455825 436165 389852163 414414461 390307988 414850626 961625506 999587945 X -2553212 27095850 X false true X true false 8095796 8095796 924485915 266727737 657758178 665853974 INVESTMENT IN ASSOC. - OPC 122650774 C INVESTMENT IN ASSOC.- NRUCFC 46876463 C INVESTMENT IN ASSOC. - GTC 35260522 C INVESTMENTS IN ASSOC. - SEWELL CK 4881476 C INVESTMENTS IN ASSOC. - SMARR 2417992 C INVESTMENT IN ASSOC.- GRESCO 1175478 C INVESTMENTS IN ASSOC. - FEDERATED 821005 C INVESTMENT IN ASSOC.- COBANK 481653 C INVESTMENT IN ASSOC.- NISC 215126 C INVESTMENT IN ASSOC.- SEDC 68274 C INVESTMENT IN ASSOC. - NRTC 42605 C INVESTMENTS IN ASSOC. - GSOC 32199 C INVESTMENTS IN ASSOC. - CRC 5803 C INVESTMENTS IN ASSOC. - OTHER 360 C 214929730 ACCUM PROV FOR PENSION & BENEFITS 98963446 ASC-980 REGULATORY LIABILITY - DEF R 15000000 CONSUMER DEPOSITS 13849608 DEFERRED CREDITS 8049962 GAIN 942171 136805187 436028239 436028239 436028239 412284093 412284093 26297358 26297358 438581451 SCHEDULE D, PAGE 4, PART XII, LINE 4B AMOUNTS ASSIGNED TO MEMBER CAPITAL ACCOUNTS 26,297,358 X true true X X X X X false false false PETER HEINTZELMAN CEO 550272 165130 42894 28000 27498 813794 BRETT STOVERN CFO 345818 128298 24179 28000 27498 553793 KEVAN ESPY VP-MKT/CORP COMM 261410 95719 29614 123904 9438 520085 TIM SOSEBEE VP-BUSINESS OPS 248649 41153 24416 110411 27498 452127 TIM JARRELL VP-POWER SUPPLY 210264 30028 22702 83063 9001 355058 KRISTI KNIGHT VP-INT. AUDIT & COMP 189576 29042 16480 19341 254439 SCHEDULE J, PAGE 1, PART I, LINE 1A ATLANTA COUNTRY CLUB (1) PETER HEINTZELMAN (PRESIDENT & CEO) - 8,930 GEORGIAN CLUB (1) PETER HEINTZELMAN (PRESIDENT & CEO) - 877 (2) BRETT STOVERN (CFO) - 877 (3) KEVIN ESPY (VP OF ELEC. OPS) - 877 (4) MARK GODDARD (VP OF MKT/CORP. COMM.) - 877 (5) TRIPPER SHARP (DIRECTOR) - 877 (6) DAVID MCCLELLAN (DIRECTOR) - 877 FORM 990 - ORGANIZATION'S MISSION COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. FORM 990 THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101). THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND ITS MEMBER-OWNERS. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION'S MEMBERS DEMOCRATICALLY ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS 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 THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO SUBMITTAL. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION REGULARY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE FOLLOWING POLICIES, WHIC ARE INCLUDED AS PART OF THIS RETURN: POLICY 602 - CONFLICT OF INTEREST POLICY 901 - EMPLOYEE CODE OF CONDUCT POLICY 911 - EMPLOYEES' OUTSIDE ACTIVITIES FORM 990, PAGE 6, PART VI, LINE 15A AS OUTLINED IN BOARD POLICY 608, WHICH IS ATTACHED TO THIS RETURN, THE ANNUAL CEO REVIEW IS CONDUCTED BY THE BOARD'S HUMAN RESOURCES COMMITTEE, WHICH MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION 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. IN ADDITION, THE CORPORATION'S FORM 990 IS AVAILABLE IN THE PUBLIC DOMAIN THROUGH WEBSITES SUCH AS GUIDESTAR (WWW.GUIDESTAR.ORG). FORM 990, PART XI, LINE 9 WHOLLY-OWNED SUBSIDIARY EARNINGS 18,243,709 BENEFITS PAID TO MEMBERS 26,297,358 CHANGE IN MEMBERSHIP FEES -19,660 CHANGE IN DONATED CAPITAL -162,693 OTHER COMPREHENSIVE INCOME -17,262,864 TOTAL 27,095,850 COBB R&D LLC COBB R&D LLC 1000 EMC PARKWAY 1000 EMC PARKWAY MARIETTA GA 30061 845178162 GA N/A GAS SOUTH LLC PO BOX 4298 ATLANTA GA 30302 203608242 NAT GAS MA GA N/A C CORP 19206856 117346435 1.00000 false COBB ENERGY MANAGEMENT CORPORATION 1000 EMC PARKWAY MARIETTA GA 30060 582345061 HOLDING CO GA N/A C CORP 4886973 1.00000 false false false false true false true false false false false false false true false false false true false false GAS SOUTH LLC F 18120000 COST GAS SOUTH LLC Q 1151056 COST GAS SOUTH LLC M 970102 FMV GAS SOUTH LLC D 258283 FMV SCHEDULE R RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (COBB ENERGY): COBB ENERGY WAS INCORPORATED IN THE STATE OF GEORGIA ON SEPTEMBER 3, 1997 TO PROVIDE VARIOUS SERVICES TO COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC), ITS SUBSIDIARIES AND OTHER THIRD PARTIES. AS OF DECEMBER 31, 2019 COBB ENERGY MANAGEMENT CORPORATION HAS NO OPERATING ACTIVITIES. GAS SOUTH, LLC (GAS SOUTH): GAS SOUTH IS A NATURAL GAS MARKETER THAT SERVES RESIDENTIAL, BUSINESS, GOVERNMENTAL, AND INSTITUTIONAL CUSTOMERS THROUGHOUT THE SOUTHEAST IN AREAS WHERE CUSTOMERS HAVE THE ABILITY TO CHOOSE THEIR ENERGY PROVIDER. GAS SOUTH IS A CERTIFIED NATURAL GAS MARKETER IN THE STATE OF GEORGIA AND COMPETES TO SERVE CUSTOMERS WHO ARE CONNECTED TO THE LOCAL DISTRIBUTION COMPANY (LDC), ATLANTA GAS LIGHT (AGL). GAS SOUTH PURCHASES NATURAL GAS FROM WHOLESALE SUPPLIERS FOR DELIVERY TO THE CITYGATE WHERE AGL ASSUMES RESPONSIBILITY AND LIABILITY ASSOCIATED WITH THE DELIVERY OF NATURAL GAS TO GAS SOUTH'S RETAIL CUSTOMERS. GAS SOUTH ALSO SERVES COMMERCIAL AND INDUSTRIAL CUSTOMERS IN THE STATE OF FLORIDA AND LARGE COMMERCIAL AND INDUSTRIAL CUSTOMERS IN PORTIONS OF NORTH CAROLINA AND SOUTH CAROLINA THROUGH OTHER LDCS. GAS SOUTH ALSO SERVES LARGE CUSTOMERS THAT ARE CONNECTED DIRECTLY TO INTERSTATE PIPELINES AND WHOLESALES NATURAL GAS TO OTHER SERVICE PROVIDERS. GAS SOUTH'S MANAGEMENT COMMITTEE IS MADE UP OF COBB EMC EXECUTIVE MANAGEMENT AND FOUR COBB EMC BOARD MEMBERS. COBB EMC BOARD MEMBERS SERVING ON THE MANAGEMENT COMMITTEE ARE COMPENSATED DIRECTLY BY GAS SOUTH. THESE AMOUNTS ARE REPORTED ON COBB EMC'S FORM 990 AS "REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS". COBB R&D, LLC (COBB R&D): COBB R&D, LLC IS A WHOLLY OWNED SUBSIDIARY OF COBB EMC, REGISTERED IN THE STATE OF GEORGIA IN 2019. COBB R&D IS CONSIDERED A DISREGARDED ENTITY UNDER INTERNAL REVENUE SERVICE (IRS) REGULATIONS. COBB R&D'S PURPOSE IS TO EXPLORE OPPORTUNITIES TO OPTIMIZE VALUE IN COBB EMC'S ELECTRIC NETWORK. AS OF DECEMBER 31, 2019, COBB R&D HAD YET TO BEGIN OPERATIONS.