2018-11-07T10:06:05-05:00 2017-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2017-01-01 580198155 COBB ELECTRIC MEMBERSHIP CORP COBB 7704292100 PO BOX 369 MARIETTA GA 300610369 PETER HEINTZELMAN CEO 6783553005 2018-11-07 true WILLIAM R ROUNTREE P01231836 4787466277 2018-11-07 98.175.202.218 2018-11-07 09:06:05 CS P BE799C77261EE06AB1BFE677EC220712838153C6 4EEB5663787DC7A49F7F2E41E5A93EE45250D55C 2017 2019-02-21 02:37:17Z ATTN PETER HEINTZELMAN PETER HEINTZELMAN 1000 EMC PARKWAY MARIETTA GA 30060 428156162 false X HTTPS://WWW.COBBEMC.COM X 1938 GA COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. 9 9 468 17333 16333 0 442120156 426535193 1518918 1495281 268901 125688 443907975 428156162 0 13603835 0 2896878 1207719 0 0 410387802 431376494 426888515 432584213 17019460 -4428051 899668517 911858777 576116701 578306686 323551816 333552091 X COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. false false COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. false false false false false false false false false true false true false true false false false 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 145 0 true 468 true true true false false false false 414602552 25478767 false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X X PETER HEINTZELMAN 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 X WILLIAM C SHARP III CHAIRMAN 25.00 2.00 X X 52125 9926 0 DAVID MCCLELLAN VICE CHAIRMA 15.00 0.00 X X 52497 615 0 BRYAN BOYD SECRETARY/TR 20.00 2.00 X X 66319 9926 0 EDWARD CROWELL DIRECTOR 15.00 2.00 X 55819 9607 0 CHARLES M SWANSON DIRECTOR 15.00 X 40112 0 0 KELLY P BODNER DIRECTOR 15.00 X 41612 0 0 ERIC BROADWELL DIRECTOR 15.00 X 45112 0 0 DAVID V TENNANT DIRECTOR 15.00 X 53997 0 0 RUDY R UNDERWOOD DIRECTOR 15.00 X 42612 0 0 WILLIE T NELSON CEO - FORMER 50.00 2.00 X 635500 0 91940 DAVID B JOHNSON COO 50.00 2.00 X 411304 0 87472 ROBERT D STEELE CFO 50.00 2.00 X 378072 0 87472 JAMEY HULSEY SR VP-ELEC O 50.00 X 279341 0 86560 TIM SOSEBEE VP-BUSINESS 50.00 X 263733 0 83213 KEVAN ESPY VP-MKT/CORP 50.00 X 242794 0 58161 PETER HEINTZELMAN CEO X 0 0 0 2660949 30074 494818 163 false true false REEVES YOUNG LLC 4000 SMITHTOWN RD SUITE 200 SUWANEE GA 30024 CONTRACTOR 7206830 ERNST YOUNG US LLP 200 PLAZA DRIVE SECAUCUS NJ 07094 IT CONSULTANT 1286342 USIC LOCATING SERV LLC 9045 N RIVER RD SUITE 300 INDIANAPOLIS IN 46240 CABLE LOCATING 962230 TOWNSEND TREE SERVICE COMPANY LLC PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 671217 CONVERGENT IDEAS 110 TOLHOUSE CT MILTON GA 30004 ERP CONSULTING 286740 17 ELECTRIC REVENUE 221000 414602552 414602552 PATRONAGE CAPITAL 221000 8745955 8745955 POLE/TOWER RENTAL INCOME 3186686 3186686 426535193 1495281 1495281 108355 17333 108355 17333 125688 17333 108355 428156162 423348507 17333 4790322 1207719 21828313 28481542 PURCHASED POWER 298034320 ADMINISTRATIVE & GENERAL 27661680 DISTRIBUTION MAINTENANCE 24418401 CONSUMER ACCOUNTS 18314179 12638059 432584213 0 0 0 6016008 5672801 1689117 1226881 35169951 31828304 1876613 5229014 3741337 4961236 2146134 2694402 925146501 304465347 606823709 620681154 199144729 205190700 6810500 6174500 36250419 28199785 899668517 911858777 45541469 50056227 398716143 394914047 8100000 26000000 123759089 107336412 576116701 578306686 X 499215 477145 323052601 333074946 323551816 333552091 899668517 911858777 -4428051 14428326 X true true X true false 8095796 8095796 917050705 304465347 612585358 620681154 INVESTMENTS IN ASSOCIATED ORGS 172528761 C INVESTMENTS IN CTC'S 30658501 C CFC MEMBER CAPITAL SECURITIES 2000000 C U.S. CORPORATE BONDS 3438 C 205190700 ACCRUED PENSION COSTS 86877612 CONSUMER DEPOSITS 13196843 SETTLEMENT CLAIMS PAYABLE - SHEA 4649645 GAIN ON DEBT EXTINGUISHMENT 1547883 ACCRUED SEVERANCES 1047118 OTHER DEFERRED CREDITS 17311 107336412 SCHEDULE D, PAGE 4, PART XIII AUDITED AND REVIEWED FINANCIAL STATEMENTS COBB EMC'S FISCAL YEAR IS APRIL 30TH. COBB EMC WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS AT APRIL 30, 2018 AND 2017. IN JANUARY 2018, THE BOARD OF DIRECTORS APPROVED A RESOLUTION TO CHANGE COBB EMC'S YEAR END FOR FINANCIAL REPORTING PURPOSES TO DECEMBER 31ST, WITH THE INITIAL DECEMBER 31 REPORTING PERIOD TO BE DECEMBER 31, 2018. IN ADDITION, COBB EMC'S FINANCIAL STATEMENTS ARE REVIEWED, AS PART OF CONSOLIDATED FINANCIAL STATEMENTS, BY AN INDEPENDENT ACCOUNTANT AT THE END OF EACH FISCAL QUARTER. THE INTERIM QUARTERLY REVIEW REPORTS ARE MADE AVAILABLE TO ALL MEMBER-OWNERS ON THE CORPORATION'S WEBSITE. THE AFOREMENTIONED SERVICES ARE OVERSEEN BY THE CORPORATION'S AUDIT COMMITTEE. X true true X X X X X false true false WILLIE T NELSON CEO - FORMER 546459 5000 84041 69649 22291 727440 DAVID B JOHNSON COO 393494 17810 57886 29586 498776 ROBERT D STEELE CFO 365040 13032 57886 29586 465544 JAMEY HULSEY SR VP-ELEC OPS 265742 13599 56974 29586 365901 TIM SOSEBEE VP-BUSINESS OPS 246641 17092 52878 30335 346946 KEVAN ESPY VP-MKT/CORP COMM 224020 18774 48029 10132 300955 SCHEDULE J, PAGE 1, PART I, LINE 1A SOCIAL CLUB DUES PAID FOR PERSONS LISTED IN PART VII, SECTION A: MARIETTA COUNTRY CLUB: (1) WILLIE T. NELSON (PRESIDENT & CEO) - 4,722 GEORGIAN CLUB: (1) ROBERT D. STEELE (CFO) - 1,223 (2) KEVAN ESPY (VP-MKT/CORP COMM) - 1,234 SCHEDULE J, PAGE 1, PART I, LINE 4 WILLIE T. NELSON 0 69,649 0 SCHEDULE J, PART III SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP): EFFECTIVE MAY 1, 2014, COBB EMC ADOPTED A SERP. THE SERP IS A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT BENEFITS CERTAIN DESIGNATED COBB EMC EMPLOYEES WHO ARE WITHIN A SELECT GROUP OF KEY MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. PURSUANT TO A RESOLUTION ADOPTED BY THE BOARD OF DIRECTORS ON OCTOBER 24, 2017, BENEFITS UNDER THE SERP WERE FROZEN AS OF THAT DATE. IN ADDITION, SOME PARTICIPANTS FORFEITED THEIR BENEFITS THROUGH VOLUNTARY SEPARATION PRIOR TO THEIR NORMAL RETIREMENT DATE AND THE FINAL BENEFIT PAYOUT FOR THE REMAINING PARTICIPANT HAS NOT BEEN FINALIZED. ANY GAINS OR LOSSES RESULTING FROM THESE FORFEITURES AND THE FINAL PLAN PAYOUT WILL BE REFLECTED IN 2018. ONCE THE FINAL PAYOUT IS DETERMINED AND PAID, THERE WILL BE NO ADDITIONAL CONTRIBUTIONS TO THE PLAN NOR ANY FUTURE OBLIGATION. THE NONQUALIFIED AMOUNTS LISTED ABOVE WERE THE DISTRIBUTIONS PAID OUT OF THE PLAN IN 2017. FORM 990 - ORGANIZATION'S MISSION COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN ITS LOCAL COMMUNITIES. FORM 990 THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101). THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND ITS MEMBER-OWNERS. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION'S MEMBERS DEMOCRATICALLY ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS 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 THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO SUBMITTAL. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION REGULARY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE FOLLOWING POLICIES, WHIC ARE INCLUDED AS PART OF THIS RETURN: POLICY 602 - CONFLICT OF INTEREST POLICY 901 - EMPLOYEE CODE OF CONDUCT POLICY 911 - EMPLOYEES' OUTSIDE ACTIVITIES FORM 990, PAGE 6, PART VI, LINE 15A AS OUTLINED IN BOARD POLICY 608, WHICH IS ATTACHED TO THIS RETURN, THE ANNUAL CEO REVIEW IS CONDUCTED BY THE BOARD'S HUMAN RESOURCES COMMITTEE, WHICH MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION 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. IN ADDITION, THE CORPORATION'S FORM 990 IS AVAILABLE IN THE PUBLIC DOMAIN THROUGH WEBSITES SUCH AS GUIDESTAR (WWW.GUIDESTAR.ORG). FORM 990, PART VII PRESIDENT AND CEO: EFFECTIVE MARCH 31, 2018, W.T. NELSON RETIRED AS PRESIDENT AND CEO OF COBB EMC. THE COBB EMC BOARD OF DIRECTORS HIRED PETER HEINTZELMAN TO SUCCEED MR. NELSON, EFFECTIVE MARCH 19, 2018. FORM 990, PART XI, LINE 9 WHOLLY-OWNED SUBSIDIARY EARNINGS 12,937,366 OTHER COMPREHENSIVE INCOME 2,698,937 ASC 980 DEFERRED REVENUE TRANSACTIONS 12,000,000 CHANGE IN DONATED CAPITAL 418,784 CHANGE IN MEMBERSHIP FEES -22,070 RETIREMENT OF PATRONAGE CAPITAL -13,604,691 TOTAL 14,428,326 GAS SOUTH LLC PO BOX 4298 ATLANTA GA 30302 203608242 NAT GAS MA GA N/A C CORP 12949963 107000000 1.00000 true COBB ENERGY MANAGEMENT CORPORATION 1000 EMC PARKWAY MARIETTA GA 30060 582345061 HOLDING CO GA N/A C CORP 12597 4800000 1.00000 true false false false false false true false false false false false false false false false false true false false GAS SOUTH LLC F 20988000 COST GAS SOUTH LLC Q 1919670 COST COBB ENERGY MANAGEMENT CORPORATION S 27299 COST SCHEDULE R RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (COBB ENERGY) WAS INCORPORATED IN THE STATE OF GEORGIA ON SEPTEMBER 3, 1997 TO PROVIDE VARIOUS SERVICES TO COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC), ITS SUBSIDIARIES AND OTHER THIRD PARTIES. AS OF DECEMBER 31, 2017 COBB ENERGY MANAGEMENT CORPORATION HAS NO OPERATING ACTIVITIES. GAS SOUTH IS A RETAIL ENERGY MARKETER THAT SERVES RESIDENTIAL, GOVERNMENTAL AND INSTITUTIONAL CUSTOMERS THROUGHOUT THE SOUTHEAST IN AREAS WHERE CUSTOMERS HAVE THE ABILITY TO CHOOSE THEIR ENERGY PROVIDER. GAS SOUTH IS A CERTIFIED NATURAL GAS MARKETER IN THE STATE OF GEORGIA AND COMPETES TO SERVE CUSTOMERS WHO ARE CONNECTED TO THE LOCAL DISTRIBUTION COMPANY (LDC), ATLANTA GAS LIGHT (AGL). GAS SOUTH PURCHASES NATURAL GAS FROM WHOLESALE SUPPLIERS FOR DELIVERY TO THE CITYGATE WHERE AGL ASSUMES RESPONSIBILITY AND LIABILITY ASSOCIATED WITH THE DELIVERY OF NATURAL GAS TO GAS SOUTH'S CUSTOMERS. GAS SOUTH ALSO SERVES COMMERCIAL AND INDUSTRIAL CUSTOMERS IN THE STATE OF FLORIDA THROUGH SEVERAL OTHER LDCS. GAS SOUTH IS REGISTERED TO SERVE LARGE COMMERCIAL AND INDUSTRIAL CUSTOMERS IN PORTIONS OF NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA THROUGH OTHER LDCS. GAS SOUTH MAY ALSO SERVE LARGE CUSTOMERS THAT ARE CONNECTED DIRECTLY TO INTERSTATE PIPELINES. GAS SOUTH'S MANAGEMENT COMMITTEE IS MADE UP OF COBB EMC EXECUTIVE MANAGEMENT AND THREE COBB EMC BOARD MEMBERS. COBB EMC BOARD MEMBERS SERVING ON THE MANAGEMENT COMMITTEE ARE COMPENSATED DIRECTLY BY GAS SOUTH. THESE AMOUNTS ARE REPORTED ON COBB EMC'S FORM 990 AS "REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS".