2018-05-01T09:39:26-05:00 2017-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2017-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 MICHEAL E MALANDRO PRESIDENT AND CEO 8048342424 2018-04-30 M C WINGFIELD P00005971 5403450936 2018-04-30 2017 2022-09-23 18:48:47Z MICHEAL E MALANDRO 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 34744180 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 49 0 0 0 0 0 34932615 34677332 43913 57294 9463 9554 34985991 34744180 0 0 790744 929804 975242 1120181 0 0 0 32832497 31894801 34598483 33944786 387508 799394 66023456 69664761 36906962 39637516 29116494 30027245 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 28 0 1 49 1 0 0 0 0 0 0 0 33694871 1049309 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 HERBERT F SCOTT JR VICE CHAIRMAN 1.00 X X 8000 0 0 PAUL H BROWN CHAIRMAN 1.00 X X 16900 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 1.00 X X 8850 0 0 JOHN M BROCK JR DIRECTOR 1.00 X 14250 0 0 CHRISTOPHER T PARKER DIRECTOR 1.00 X 8600 0 0 HERBERT R PATRICK SECRETARY - TREASURER 1.00 X X 16300 0 0 MATTHEW P CARDEN DIRECTOR 1.00 X 10250 0 0 RANDOLPH G WILLIAMS DIRECTOR 1.00 X 17850 0 0 DENYA C HANKERSON DIRECTOR 1.00 X 15900 0 0 MICHEAL EDWARD MALANDRO PRESIDENT AND CEO 40.00 X 289553 0 24453 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 40.00 X 145081 0 13525 551534 0 37978 4 0 1 0 LOCKHEED MARTIN CORP 1525 PERIMETER PARKWAY SUITE 520 HUNTSVILLE AL 35806 IT 646701 LEWIS TREE SERVICE INC 300 LUCIS GORDON DRIVE WEST HENRIETTA NY 14586 RIGHT OF WAY CONTRACTOR 551650 ANIXTER 2301 PATRIOT BLVD GLENVIEW IL 60026 HUD SUPPLY POWER SOLUTIONS 422702 OSMOSE UTILITIES SERVICES INC 5703B ENTERPRISE PARKWAY EAST SYRACUSE NY 13057 PEST CONTROL 111420 4 ELECTRICITY TO MEMBERS 221000 33694871 33694871 PATRONAGE ALLOCATIONS 221000 882472 882472 POLE RENTAL 221000 99989 99989 34677332 57294 57294 OTHER NON-OPERATING INCOME 900099 9554 9554 9554 34744180 34644191 0 99989 929804 840905 279276 79844 19350 25295 157652 733428 81787 28819 50432 1347055 2478580 29338 COST OF POWER 21770804 DISTRIBUTION MAINTENANC 1956647 DISTRIBUTION OPERATION 1312649 CONSUMER ACCOUNTS 1129320 693801 33944786 849233 2234744 3845747 5273071 965531 1215610 1371830 1270466 77134192 32777066 43922252 44357126 15046054 15290935 22809 22809 66023456 69664761 1671806 2010417 30965172 31396645 4269984 6230454 36906962 39637516 X 0 0 0 0 29116494 30027245 29116494 30027245 66023456 69664761 X 799394 111357 X X 0 1 X 1 0 1878776 1878776 6009074 2025245 3983829 66193272 30751821 35441451 3053070 3053070 44357126 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 490754 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 12500 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 13944396 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 659736 C VARIOUS MEMBERSHIP FEES 64 C OTHER INVESTMENTS 1025 C 15290935 CONSUMER DEPOSITS 1249304 OTHER CURRENT AND ACCRUED LIABILITIES 812495 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 830220 RESERVE FOR STORM DAMAGE 803786 DEFERRED CREDITS 1563171 DEFERRED GRANT REVENUE 971478 6230454 34744180 0 34744180 0 34744180 33014982 0 33014982 929804 929804 33944786 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS X X X 0 1 0 MICHEAL EDWARD MALANDRO PRESIDENT AND CEO 289553 0 0 0 0 0 5400 0 19053 0 314006 0 0 0 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 145081 0 0 0 0 0 2930 0 10595 0 158606 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 2,680. CHANGE IN OTHER COMPREHENSIVE INCOME -8,258. CHANGE IN UNCLAIMED CAPITAL CREDITS 119,637. CHANGE IS ACCUMULATED EARNINGS - PGEC ENTERPRISES -2,702. FORM 990, PART XII, LINE 2C: THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR. PGEC ENTERPRISES LLC PO BOX 196 WAVERLY VA 23890 813081868 INTERNET ACCESS VA 41438 1404199 PRINCE GEORGE ELECTRIC COOPERATIVE