2025-11-04T11:00:49-06:00 2024-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2024-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 BILL NEWBERG CFO 5308324261 2025-11-03 1 1 RYAN M JOHNSON CPA P01048788 5035857774 2025-11-03 2024 2025-03-06 01:10:19Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 36083205 0 X WWW.PSREC.COOP X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 66 0 812223 0 0 0 32953401 34511471 1250396 1325430 217360 190423 34421157 36027324 1950 2000 13231 335830 1118929 1198584 0 0 0 27846510 27347733 28980620 28884147 5440537 7143177 106805496 108029994 65191276 59340542 41614220 48689452 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2024 THERE WERE 8,183 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 X 83 0 66 1 1 1 0 0 0 0 34404104 2294570 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL NEWBERG CFO 5308324261 C/O PSREC 73233 STATE ROUTE 70 PORTOLA CA 961227069 X TOM HAMMOND DIRECTOR 12.00 X 14515 0 0 LAWRENCE PRICE DIRECTOR 4.00 X 12939 0 0 FRED NELSON PRESIDENT 6.00 X X 22282 0 0 DAVE ROBERTI VICE PRESIDENT 8.00 X X 9840 0 0 DAVID HANSEN SECRETARY/TREASURER 15.00 X X 19101 0 0 NANCY MILLER DIRECTOR 10.00 X 10176 0 0 RICHARD SHORT DIRECTOR 4.00 X 9840 0 0 ROBERT W MARSHALL CEO/GENERAL MANAGER 50.00 X 463387 0 213584 WILLIAM NEWBERG CFO 48.00 X 275687 0 147233 JASON HARSTON MANAGER OF ENGINEERING & O 53.00 X 278790 0 149274 MITCHELL CARR LINEWORKING FOREMAN 48.00 X 215266 0 90140 BRYAN SHERMAN COGEN PLANT OPERATOR 46.00 X 213069 0 90549 STEPHEN GIBBARD NETWORK ENGINEER 40.00 X 202459 0 73667 G SCOTT WELCH DISTRICT MANAGER 41.00 X 201793 0 121298 1949144 0 885745 37 0 1 0 JOE TANTARDINO LOGGING INC 961 PENINSULA DR LAKE ALMANOR CA 96137 TREE TRIMMING 1088488 JIMMY D WEST JIM WEST TREE SERVICE 39899 HWY 70 QUINCY CA 95971 TREE TRIMMING 482353 NORTHEAST-WESTERN ENERGY SYSTEMS USA LLC UNIT 1 PEARL BUCK CT BRISTOL PA 19007 COGEN ENGINE MAINTENANCE 402960 DAVE SIMS TOPPERS TREE SERVICE 2651 RIVERDANCE ROAD QUINCY CA 95971 TREE TRIMMING 381569 DYNALECTRIC COMPANY WASATCH ELECTRIC PO BOX 26588 SALT LAKE CITY UT 84126 CONSTRUCTION 318537 10 RESIDENTIAL 221000 15362216 15362216 PUBLIC AUTHORITIES 221000 11459816 11459816 COMMERCIAL LIGHTING 221000 4487519 4487519 IRRIGATION 221000 2185074 2185074 MISCELLANEOUS SERVICE 221000 1016846 1016846 34511471 1150546 812223 338323 189576 49349 50765 0 138811 49349 188160 188160 180000 5116 174884 174884 174884 REIMBURSEMENTS 221000 2263 2263 2263 36027324 34513734 812223 701367 2000 335830 1198584 1587005 3133861 COST OF POWER 11700725 DISTRIBUTION AND TRANSM 7013234 CUSTOMER, ADMINISTRATIO 3187723 TAXES 725185 28884147 1227681 63230 3453009 3299314 3806562 2947286 145687 850140 133880181 60611345 71903377 73268836 8244393 8336497 18024787 19264691 106805496 108029994 6798316 4987952 3876767 4448892 49889227 44822403 4626966 5081295 65191276 59340542 X 33555 33515 41580665 48655937 0 0 41614220 48689452 106805496 108029994 X 7143177 -67945 X 0 1 X 1 0 1138689 1138689 8770261 1852197 6918064 116233546 58759148 57474398 7737685 7737685 73268836 6899120 C FEDERATED INSURANCE STOCK 424110 C PATRONAGE CAPITAL - CFC 512166 C CAPITAL TERM CERTIFICATES - CFC 410132 C MEMBERSHIP FEE - CFC 1000 C GENERAL PACIFIC CAPITAL 569 C OTHER INVESTMENTS 78871 C COOPERATIVE RESPONSE CENTER 10000 C PATRONAGE CAPITAL - CRC 529 C 8336497 MATERIALS & SUPPLIES 2907029 DEFERRED CHARGES 1990362 NCPA RESERVE FUND 1791920 DUE FROM AFFILIATE 12575380 19264691 CONSUMER ADVANCES FOR CONSTRUCTION 205777 DEFERRED CREDITS 1846642 POSTRETIREMENT OBLIGATIONS 2916015 OBLIGATIONS UNDER CAPITAL LEASES 112861 5081295 X 35972989 0 35972989 54335 54335 36027324 28493991 0 28493991 390156 390156 28884147 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE WERE NO AMOUNTS ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS IN 2024 OR 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PAYMENT OF CAPITAL CREDITS 1 X X X 0 1 0 ROBERT W MARSHALL CEO/GENERAL MANAGER 413542 0 653 0 49192 0 173734 0 39850 0 676971 0 0 0 JASON HARSTON MANAGER OF ENGINEERING & O 253751 0 12326 0 12713 0 112206 0 37068 0 428064 0 0 0 WILLIAM NEWBERG CFO 252260 0 12487 0 10940 0 110214 0 37019 0 422920 0 0 0 G SCOTT WELCH DISTRICT MANAGER 191398 0 5245 0 5150 0 84127 0 37171 0 323091 0 0 0 MITCHELL CARR LINEWORKING FOREMAN 207322 0 82 0 7862 0 54366 0 35774 0 305406 0 0 0 BRYAN SHERMAN COGEN PLANT OPERATOR 207181 0 81 0 5807 0 54986 0 35563 0 303618 0 0 0 STEPHEN GIBBARD NETWORK ENGINEER 186961 0 3163 0 12335 0 59147 0 14520 0 276126 0 0 0 ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 6838 SELL SOLAR POWER: ROBERTI RANCH HAS INSTALLED A SOLAR PROJECT THAT PRODUCES THE MAJORITY OF ITS POWER. AS SOLAR POWER IS GENERATED THE KWHS ARE "BANKED." THE ACTUAL IRRIGATION PUMP USAGE IS NETTED AGAINST THE BANKED KWHS. AT THE END OF 2024, THE VALUE OF THE BANKED KWHS IS EQUIVALENT TO $6,838. THIS WAS NOT A CASH TRANSACTION BUT THE VALUE OF EXCESS POWER SOLD TO THE COOPERATIVE. 0 SCHEDULE R PART V LINE 2 THE TRANSACTIONS REPORTED ON SCHEDULE R ARE VALUED BASED ON THEIR CASH VALUE. FORM 990, PART VI, SECTION A, LINE 6 A MEMBER IS AN INDIVIDUAL WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE AND RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS A VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING OF THE FINAL DOCUMENT. THE REVIEW OF THE 990 IS AN AGENDA ITEM FOR THE BOARD AND THE RESULTS OF THE REVIEW ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE DIRECTORS, GENERAL MANAGER, AND ALL EMPLOYEES. THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING ALL POLICY INTERPRETATIONS OR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION OF ALL MANAGEMENT EMPLOYEES IS REVIEWED AND COMPARED WITH AN ANNUAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THIS REPORT IS PREPARED BY AN INDEPENDENT THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 EACH COOPERATIVE MEMBER IS PROVIDED A "NEW MEMBER HANDBOOK AND BYLAWS" WHICH ADDRESS THE GOVERNING DOCUMENTS. THE BYLAWS ALSO REQUIRE A REPORT AT THE ANNUAL MEETING ON THE FINANCIAL CONDITION OF THE COMPANY. CONDENSED FINANCIAL STATEMENTS FROM YEAR-END ARE PRINTED IN THE RURALITE MAGAZINE, AND COMPLETE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE COMPENSATION INFORMATION FOR THE DIRECTORS, GENERAL MANAGER AND CFO REPRESENTS TOTAL COMPENSATION PAID BY THE COOPERATIVE AND REPORTED ON W-2S AND 1099S. A SUBSTANTIAL AMOUNT OF COMPENSATION HAS BEEN CHARGED TO AND RECORDED ON THE BOOKS OF THE SUBSIDIARY OPERATION, PLUMAS SIERRA TELECOMMUNICATIONS. FORM 990, PART XI, LINE 9: NET EQUITY INCOME IN SUBSIDIARY 91,228. INCREASE/(DECREASE) IN MEMBERSHIPS -40. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) -159,133. PLUMAS-SIERRA TELECOMMUNICATIONS 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 943062694 INTERNET ACCESS CA N/A C 8766651 68107503 1.00000 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 PLUMAS-SIERRA TELECOMMUNICATIONS A 830272 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS D 1174494 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS N 500853 INTERFUND, MSA PLUMAS-SIERRA TELECOMMUNICATIONS O 576361 LABOR REPORTS PLUMAS-SIERRA TELECOMMUNICATIONS P 115200 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS Q 91912 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS J 114660 GENERAL LEDGER