2019-10-10T15:40:09-05:00 2018-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2018-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 CARY J LOGAN JR PRESIDENT AND CEO 8048342424 2019-10-07 M C WINGFIELD P00005971 5403450936 2019-10-07 206.248.228.130 2019-10-07 19:29:06 ED 5454752019106032ae10 2019-04-16 P CE530EA759AC3AF6BB0EECEF8950573E07121913 1626BA036CF3DDA5592C13B1B33E888B46C24478 2018 2020-01-14 16:20:31Z X MICHEAL EDWARD MELANDRO 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 39320134 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 56 0 0 0 0 0 34677332 39187288 57294 90532 9554 42314 34744180 39320134 0 0 929804 470064 1120181 1271117 0 0 0 31894801 36882272 33944786 38623453 799394 696681 69664761 75483313 39637516 44626330 30027245 30856983 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 31 0 1 56 1 0 0 0 0 0 0 0 38527500 792633 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 1.00 X X 15600 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 1.00 X X 15600 0 0 JOHN M BROCK JR DIRECTOR 1.00 X 15600 0 0 CHRISTOPHER T PARKER DIRECTOR 1.00 X 15600 0 0 HERBERT R PATRICK SECRETARY - TREASURER 1.00 X X 15600 0 0 MATTHEW P CARDEN DIRECTOR 1.00 X 15600 0 0 RANDOLPH G WILLIAMS VICE CHAIRMAN 1.00 X X 15600 0 0 DENYA C HANKERSON DIRECTOR 1.00 X 15600 0 0 BRIAN E COEY DIRECTOR 1.00 X 1424 0 0 HERBERT F SCOTT JR DIRECTOR 1.00 X 9900 0 0 MICHEAL EDWARD MALANDRO PRESIDENT AND CEO 40.00 X 317169 0 25278 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 40.00 X 159248 0 14438 CARY JEROME LOGAN JR VICE PRESIDENT OF ENGINEERING 40.00 X 169338 0 17623 TIMOTHY W MCGAHA VICE PRESIDENT OF INFORMATION TECHNOLOGY 40.00 X 31442 0 599 CYNTHIA R CHAPLINE VICE PRESIDENT OF COMMUNICATIONS AND GOVERNMENTAL 40.00 X 119462 0 0 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 40.00 X 150929 0 20202 1083712 0 78140 4 0 1 0 POWERSECURE INC 1609 HERITAGE COMMERCE COURT WAKE FOREST NC 27587 INNOVATIVE ENERGY SOLUTIONS PROVIDER 739067 LEWIS TREE SERVICE INC 300 LUCIS GORDON DRIVE WEST HENRIETTA NY 14586 RIGHT OF WAY CONTRACTOR 600920 LOCKHEED MARTIN CORP 1525 PERIMETER PARKWAY SUITE 520 HUNTSVILLE AL 35806 IT 495293 POWERSERVICES INC 1616 E MILLBROOK ROAD SUITE 210 RALEIGH NC 27609 TRADITIONAL ELECTRICAL ENGINEERING CONSU 417280 LECLAIR RYAN PLLC 1800 WELLS FARGO TOWER DRAWER 1200 ROANOKE VA 24006 LAW FIRM 116261 5 ELECTRICITY TO MEMBERS 221000 38527500 38527500 PATRONAGE ALLOCATIONS 221000 555975 555975 POLE RENTAL 221000 103813 103813 39187288 90532 90532 OTHER NON-OPERATING INCOME 900099 42314 42314 42314 39320134 39216321 0 103813 470064 1084212 186905 167859 21300 49774 202656 559833 81906 31154 31928 1420501 2596487 29338 COST OF POWER 25807550 DISTRIBUTION MAINTENANC 2158637 DISTRIBUTION OPERATION 1581737 CONSUMER ACCOUNTS 1349869 791743 38623453 2234744 2298977 5273071 4282635 1215610 2571565 1270466 1369552 83393208 34258195 44357126 49135013 15290935 15802762 22809 22809 69664761 75483313 2010417 3408670 31396645 35202959 6230454 6014701 39637516 44626330 X 0 0 0 0 30027245 30856983 30027245 30856983 69664761 75483313 X 696681 133057 X X 0 0 0 1878776 1878776 6009074 2205674 3803400 70539644 32052521 38487123 4965714 4965714 49135013 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 505470 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 12500 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 14323165 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 749802 C VARIOUS MEMBERSHIP FEES 28340 C OTHER INVESTMENTS 1025 C 15802762 CONSUMER DEPOSITS 1229364 OTHER CURRENT AND ACCRUED LIABILITIES 766061 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 842328 RESERVE FOR STORM DAMAGE 818548 DEFERRED CREDITS 1355556 DEFERRED GRANT REVENUE 1002844 6014701 39320133 0 39320133 0 39320133 38153390 0 38153390 470064 470064 38623454 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS X X X 0 1 0 MICHEAL EDWARD MALANDRO PRESIDENT AND CEO 317169 0 0 0 0 0 5077 0 20201 0 342447 0 0 0 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 159248 0 0 0 0 0 3128 0 11310 0 173686 0 0 0 CARY JEROME LOGAN JR VICE PRESIDENT OF ENGINEERING 169338 0 0 0 0 0 2889 0 14734 0 186961 0 0 0 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 150929 0 0 0 0 0 2714 0 17488 0 171131 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 -975. CHANGE IN OTHER COMPREHENSIVE INCOME -15,769. CHANGE IN UNCLAIMED CAPITAL CREDITS 149,801. FORM 990, PART XII, LINE 2C: THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR. AMENDED 2018 FORM 990 AMENDING 2018 FORM 990 TO CORRECT PAGE 7, PART VII. THE HOURS AND TITLE OF THE PRESIDENT AND CEO WERE NOT ACCURATE ON THE ORGINALLY FILED FORM 990. PGEC ENTERPRISES LLC PO BOX 196 WAVERLY VA 23890 813081868 INTERNET ACCESS VA 211481 1928401 PRINCE GEORGE ELECTRIC COOPERATIVE