2019-11-07T14:22:24-06:00 2018-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2018-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & CEO 9197322123 2019-11-07 true BRYAN A ISGETT P01441928 4787466277 2019-11-07 98.175.202.218 2019-11-07 14:22:24 CS P BE799C77261EE06AB1BFE677EC220712838153C6 165CA17AB532D5519A9F26DF7B7031333B36404A 2018 2020-01-14 16:20:31Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 66340675 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 10 113 0 3853 0 61630836 64691512 1579974 1585346 6867 3138 63217677 66279996 0 3808850 3038735 10759152 12556591 0 0 48649675 50684670 63217677 66279996 0 187092430 196566468 127188349 134906272 59904081 61660196 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 X 72 0 true 113 true false false false false false 63826988 1848125 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 8.13 X X 34020 0 0 PAUL L BAILEY VICE CHAIRMA 4.88 X X 23836 0 0 SAM T WOODS SECRETARY 2.60 X X 19197 0 0 RICHAL VANHOOK TREASURER 7.38 X X 28402 0 0 JAMES RANDY KINLEY DIRECTOR 8.22 X 29409 0 0 STEPHEN LONG DIRECTOR 6.93 X 25882 0 0 DAVID POYTHRESS DIRECTOR 5.58 X 22347 0 0 GLENNIE BEASLEY DIRECTOR 4.42 X 11842 0 0 CYRUS VERNON DIRECTOR 5.67 X 25478 0 0 TALMADGE W YANCEY DIRECTOR 2.96 X 18797 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 242255 0 89948 SUSAN CASHION VP CHIEF COM 50.00 X 183527 0 58936 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 171006 0 73377 ROBERT RILEY VP OF OPERAT 50.00 X 141733 0 52179 LISA KENNEDY VP FINANCIAL 50.00 X 140616 0 58856 BRANDON REED MGR OF MBR S 50.00 X 124256 0 50904 1242603 384200 13 false true false PROGRAM SERVICE REVENUE 221000 63826988 63826988 CAPITAL CREDITS 221000 537691 537691 POLE RENTAL REVENUE 221000 326833 326833 64691512 1581636 1581636 11400 20992 -9592 -9592 -9592 43397 39687 3710 3710 3710 SUBSIDIARY INCOME 221000 12730 12730 12730 66279996 64364679 1915317 3038735 3038735 571413 571413 8353223 8353223 1689356 1689356 1335444 1335444 607155 607155 4164995 4164995 6914024 6914024 PURCHASED POWER 36413334 36413334 DISTRIBUTION MAINTENANCE 3198824 3198824 CONSUMER ACCOUNTS 1992878 1992878 DISTRIBUTION OPERATIONS 1816414 1816414 -3815799 -3815799 66279996 66279996 0 0 1979316 1964033 7772060 7500279 5845318 7945868 2520610 1552934 2531026 3823436 247374626 81244493 159089646 166130133 7347122 7642453 7332 7332 187092430 196566468 21040067 23655835 99134189 103812396 7014093 7438041 127188349 134906272 X 1741238 1975705 58162843 59684491 59904081 61660196 187092430 196566468 X 0 1756115 X false true X true false 3618224 3618224 10866739 3804104 7062635 232889663 77440389 155449274 166130133 ACCUM PROV FOR POST RETIRE BENEFITS 2556281 RECOVERY OF WHOLESALE POWER COST 2137742 CONSUMER DEPOSITS 903052 UNCLAIMED CAPITAL CREDITS 822190 RECOVERY OF RENEWABLE ENERGY CREDITS 508407 ACCUM PROV FOR VESTED LEAVE 500000 DEFERRED CREDITS 10369 7438041 66279996 66279996 66279996 63241261 63241261 3038735 3038735 66279996 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,038,735 X X false false false STEVE HAMLIN PRESIDENT & CEO 223322 5067 13866 74155 15793 332203 SUSAN CASHION VP CHIEF COMPLIANCE 173074 3684 6769 55333 3603 242463 LAWRENCE HOPKINS MGR - ENGINEERING 165065 3759 2182 55048 18329 244383 ROBERT RILEY VP OF OPERATIONS 132727 2902 6104 41237 10942 193912 LISA KENNEDY VP FINANCIAL SERVICE 131627 2874 6115 44497 14359 199472 BRANDON REED MGR OF MBR SERV & PR 121294 2742 220 40083 10821 175160 FORM 990, PART V PART V, LINE 3A - THE CORPORATION FILED FORM 990-T FOR THE YEAR ENDED DECEMBER 31, 2018, ALTHOUGH THEY DID NOT HAVE ANY GROSS REVENUE FROM AN UNRELATED BUSINESS ACTIVITY. THE FILING REQUIREMENT FOR FORM 990-T WAS A DIRECT RESULT OF IRC SECTION 512(A)(7), WHICH REQUIRES TAX-EXEMPT ORGANIZATIONS TO INCREASE THEIR UBTI BY THE AMOUNT OF EMPLOYEE PARKING EXPENSES THAT WOULD BE NONDEDUCTIBLE IF THEY WERE SUBJECT TO THE SAME DEDUCTION DISALLOWANCE RULES AS TAXABLE ENTITIES. 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 232,707 MEMBERSHIP FEES 1,760 PATRONAGE CAPITAL CREDITS 3,038,735 CAPITAL CREDIT RETIREMENTS -1,495,073 OTHER COMPREHENSIVE INCOME -22,014 TOTAL 1,756,115 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 UTILITY RE NC C CORP C CORP 12730 737327 1.00000 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 263541 COST PIEDMONT SERVICES HOLDING INC P 25557 COST