2018-10-31T13:49:21-04:00 2017-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2017-01-01 560358446 PIEDMONT ELECTRIC MEMBERSHIP CORPORATION PIED 9197322123 PO BOX 1179 HILLSBOROUGH NC 27278 STEVE HAMLIN PRESIDENT & CEO 9197322123 2018-10-31 true BRYAN A ISGETT P01441928 4787466277 2018-10-31 98.175.202.218 2018-10-31 12:49:21 CD P BE799C77261EE06AB1BFE677EC220712838153C6 DE624E79D3FDB7B117F78ADC73FB33944D56C78F 2017 2019-02-21 02:37:17Z STEVE HAMLIN PO BOX 1179 HILLSBOROUGH NC 27278 63226724 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 10 114 0 0 61772039 61630836 1701908 1579974 33170 6867 63507117 63217677 0 3584170 3808850 11252346 10759152 0 0 48670601 48649675 63507117 63217677 0 176828087 187092430 119511060 127188349 57317027 59904081 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 78 0 true 114 true false false false false false 60946985 1776879 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 7.58 X X 32727 0 0 PAUL L BAILEY VICE CHAIRMA 6.23 X X 28309 0 0 SAM T WOODS SECRETARY 3.13 X X 20058 0 0 RICHAL VANHOOK TREASURER 5.65 X X 25303 0 0 JAMES RANDY KINLEY DIRECTOR 6.59 X 26878 0 0 STEPHEN LONG DIRECTOR 5.35 X 23091 0 0 DAVID POYTHRESS DIRECTOR 3.76 X 21616 0 0 GLENNIE BEASLEY DIRECTOR 5.69 X 26286 0 0 CYRUS VERNON DIRECTOR 6.87 X 28142 0 0 TALMADGE W YANCEY DIRECTOR 2.77 X 18572 0 0 STEVE HAMLIN PRESIDENT & 50.00 X 224638 0 86287 SUSAN CASHION VP CHIEF COM 50.00 X 164891 0 50798 LAWRENCE HOPKINS MGR - ENGINE 50.00 X 154614 0 69520 ROBERT RILEY VP OF OPERAT 50.00 X 123738 0 45076 LISA KENNEDY VP FINANCIAL 50.00 X 118826 0 47864 BRANDON REED MGR OF MBR S 50.00 X 112687 0 46086 1150376 345631 11 false true false PROGRAM SERVICE REVENUE 221000 60946834 60946834 CAPITAL CREDITS 221000 437295 437295 POLE RENTAL REVENUE 221000 246556 246556 OTHER ELECTRIC REVENUE 221000 151 151 61630836 1580743 1580743 11124 6893 4231 4231 4231 1385 2154 -769 -769 -769 SUBSIDIARY INCOME 221000 2636 2636 2636 63217677 61384280 1833397 3808850 3808850 561907 561907 7468071 7468071 1679132 1679132 496590 496590 553452 553452 3893881 3893881 6635682 6635682 PURCHASED POWER 34433637 34433637 DISTRIBUTION MAINTENANCE 2594964 2594964 CONSUMER ACCOUNTS 2017290 2017290 DISTRIBUTION OPERATIONS 1657474 1657474 -2583253 -2583253 63217677 63217677 0 0 836880 1979316 7101321 7772060 4749609 5845318 1912485 2520610 3095557 2531026 236374865 77285219 151868587 159089646 7127178 7347122 136470 7332 176828087 187092430 16657568 21040067 94602737 99134189 8250755 7014093 119511060 127188349 X 1510344 1741238 55806683 58162843 57317027 59904081 176828087 187092430 0 2587054 X false true X true 3612616 3612616 10840093 3538095 7301998 221922156 73747124 148175032 159089646 ACCUM PROV FOR POST RETIRE BENEFITS 2568140 RECOVERY OF WHOLESALE POWER COST 954287 CONSUMER DEPOSITS 939394 RECOVERY OF RENEWABLE ENERGY CREDITS 859067 UNCLAIMED CAPITAL CREDITS 798955 ACCUM PROV FOR VESTED LEAVE 500000 DEFERRED COAL ASH RECOVERY 394250 7014093 63217677 63217677 63217677 59408827 59408827 3808850 3808850 63217677 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,808,850 X X false false false STEVE HAMLIN PRESIDENT & CEO 207507 3986 13145 71451 14836 310925 SUSAN CASHION VP CHIEF COMPLIANCE 159908 2632 2351 47508 3290 215689 LAWRENCE HOPKINS MGR - ENGINEERING 149657 2845 2112 51844 17676 224134 ROBERT RILEY VP OF OPERATIONS 116590 2126 5022 34992 10084 168814 LISA KENNEDY VP FINANCIAL SERVICE 112088 1959 4779 34681 13183 166690 BRANDON REED MGR OF MBR SERV & PR 110936 1581 170 36156 9930 158773 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 CAPITAL CREDIT RETIREMENTS -1,918,292 DONATED CAPITAL 229,979 MEMBERSHIP FEES 917 PATRONAGE CAPITAL CREDITS 3,808,850 OTHER COMPREHENSIE INCOME 465,600 TOTAL 2,587,054 PIEDMONT SERVICES HOLDING INC PO DRAWER 1179 HILLSBOROUGH NC 27278 562090017 UTILITY RE NC C CORP C CORP 2636 736016 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 P 566142 COST PIEDMONT SERVICES HOLDING INC Q 56942 COST