2018-11-14T07:33:38-08:00 2017-12-31 273625988 Goff & Herrington PC 2833 Ted Trout Drive P O Box 153320 Lufkin TX 759153320 990 2017-01-01 751615421 Northeast Texas Electric Cooperative NORT 9037573282 2221 H G Mosley Parkway 100 Longview TX 75604 Richard Tyler GM/CEO 2018-11-14 true Ronnie Herrington CPA P00028527 9368753317 2017 2019-02-21 02:37:17Z Richard Tyler 221520049 false false X N/A X 1978 TX NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives. 12 12 5 0 0 223058508 220467443 1089046 1036571 13344 16035 224160898 221520049 0 3445201 0 1172418 1111013 0 0 219543279 216408625 224160898 217519638 4000411 270311536 271564445 159467942 158764965 110843594 112799480 NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives. false false 221520049 220467443 Costs incurred with providing wholesale electric energy to 6 electric distribution cooperative members who in turn provide electricity to over 165,000 retail members 221520049 false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 7 0 true 5 true false false false false false false false false false 217519638 4000411 false false false X 12 12 false false true false true true false true true false false true true true true true true true false false X Caleb Head 9037573282 2221 H G Mosley Parkway 100 Longview TX 75604 Sam Allison Director 5.00 0.00 X 10643 0 0 Basel Gibbs Director 2.00 0.00 X 8850 0 0 Debra Robinson Director 3.00 0.00 X 0 0 0 J P Dobbs Director 5.00 0.00 X 11154 0 0 Rob Walker Director 5.00 0.00 X 0 0 0 Doug Turk Director 3.00 0.00 X 0 0 0 Steve Delaughter Director 5.00 0.00 X 13060 0 0 Frankie B King President 4.00 0.00 X X 20199 0 0 Mark Boyd Vice President 5.00 0.00 X X 0 0 0 Kathy Wood Secretary 3.00 0.00 X X 0 0 0 Richard McLeon Ass't Sec./Trea 3.00 0.00 X X 0 0 0 Pat Lindley Director 2.00 0.00 X 9576 0 0 Richard Tyler GM/CEO 40.00 0.00 X 263812 0 198830 Jason Atwood VP Engineering 40.00 0.00 X 185896 0 102212 Caleb Head Controller 40.00 0.00 X 104045 0 60287 627235 361329 3 false true false General Electric International Inc 4200 Wildwood Parkway Atlanta GA 30339 LT Maintenance Svcs 3400917 GDS & Associates Inc 1850 Parkway Place Suite 800 Marietta GA 30067 Engineering 992223 Holland & Knight LLP 800 17th Street NW Suite 1100 Washington DC 20006 Legal 893320 PSI 32731 Egypt Lane Suite 701 Magnolia TX 77354 Communications Svcs 529800 AESI 1990 Lakeside Parkway Suite 250 Tucker GA 30084 Engineering 155610 6 0 Patronage Captial Credits 221000 2947805 2947805 Wholesale Power Sales 221000 217519638 217519638 220467443 1036571 1036571 0 16035 16035 0 0 0 0 0 0 221520049 220483478 1036571 X 0 0 0 0 849630 849630 0 138209 138209 39924 39924 41068 41068 42182 42182 0 946523 946523 279605 279605 0 0 0 1038467 1038467 0 76989 76989 0 0 45818 45818 87806 87806 0 19166 19166 6194834 6194834 0 11095176 11095176 36850 36850 Purchased Power 106576015 106576015 Transmission Costs 24885285 24885285 Fuel Cost - HCPP 17902053 17902053 Fuel Cost - Pirkey 17159950 17159950 30064088 30064088 217519638 217519638 0 0 28830258 28714437 2983897 4678777 0 25129076 28939336 0 0 0 7225875 10330394 3624931 3011860 335420973 177238520 169125151 158182453 0 0 0 0 33392348 37707188 270311536 271564445 22285989 28765552 131616832 124937579 5565121 5061834 159467942 158764965 X 30000 30000 110813594 112769480 110843594 112799480 270311536 271564445 X 4000411 -44525 -2000000 X false true X true false 335420973 177238520 158182453 158182453 Accrued Interest Receivable Investments in Associated Organizations 35956053 Other special deposit 549900 Other special deposit - SPP 1201235 37707188 Deferred Credit Pirkey Mine Closing 3908309 Power Costs Levelized Billings 1153525 5061834 X 221520049 221520049 221520049 217519638 217519638 217519638 Part X : FIN48 Footnote Financial Accounting Standards Board Codification Section 740 requires recognition,measurement and disclosure of uncertain tax positions. The Cooperative currently accounts for uncertain tax positions based on the estimated likelihood of assessment and has not determined that any tax positions require an accrual based on current standards of accounting. For federal income tax purposes the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed. false false false Caleb Head Controller 103867 178 31515 28772 164332 Jason Atwood VP Engineering 185000 896 72863 29349 288108 Richard Tyler GM/CEO 260000 3812 169096 29734 462642 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents During the year, the organization implemented a revised Patronage Capital Policy and a new Equity Management Policy, which addressed, among other items, issues such as patronage capital allocations and retirements. Sections 3 & 4 of the organizations bylaws, which address capital credits, were revised to ensure consistency between the new Policies and the language in the bylaws. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The organization is an electric power generation & transmission cooperative that furnishes electric power requirements to six electric distribution cooperatives who are members of this organization. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the form 990 is mailed to each director prior to its filing and is also reviewed and approved at the next board of directors meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interests policy requires that each official annually disclose interests to the board that could create the appearance of a conflict of interest and certify that they have received and reviewed a copy of the conflict of interests policy. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The board of directors reviews and approves the officer compensation and benefits package on an annual basis with a decision based on the vote of the entire board of directors. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The cooperative's governing documents, conflicts of interest policy and financial statements are available to the public by submitting a written request to the cooperative. Form 990, Part IX, Line 24e: Other Expenses Association Dues: Column (A) - Total = $315988; Column (B) - Program Services = $315988; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses EPA Expense - Dolet Hills: Column (A) - Total = $691833; Column (B) - Program Services = $691833; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses EPA Expense - Pirkey: Column (A) - Total = $522840; Column (B) - Program Services = $522840; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Fuel Cost - Credit: Column (A) - Total = $613317; Column (B) - Program Services = $613317; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Fuel Cost - Dolet Hills: Column (A) - Total = $4916773; Column (B) - Program Services = $4916773; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Maint/Sup/Engineering: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Misc. General Expense: Column (A) - Total = $93015; Column (B) - Program Services = $93015; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Operating Expense - HCPP: Column (A) - Total = $9413017; Column (B) - Program Services = $9413017; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Plant Overhead Costs: Column (A) - Total = $1604261; Column (B) - Program Services = $1604261; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Power Plant Operating Exp.: Column (A) - Total = $10021108; Column (B) - Program Services = $10021108; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Property Taxes: Column (A) - Total = $9858; Column (B) - Program Services = $9858; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Reimbursed Expenses: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SCADA Operating Expense: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Steam Expense - Pirkey & Dolet: Column (A) - Total = $1862078; Column (B) - Program Services = $1862078; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Other Changes In Net Assets Or Fund Balances - Other Decreases Patronage Capital Retired = -$2000000