POWERSOUTH ENERGY COOPERATIVE: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: POWERSOUTH ENERGY COOPERATIVE (EIN 63-0238274)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-10-26
IRS object ID: 201842999349300939
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule K
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-10-26T14:46:42-05:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461498870	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BARFIELD MURPHY SHANK & SMITH LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1121 RIVERCHASE OFFICE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	630238274	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	POWERSOUTH ENERGY COOPERATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	POWE	BusinessNameControlTxt
Phone	3344273000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 550	AddressLine1Txt
City	ANDALUSIA	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	36420	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BETH WOODARD	PersonNm
Person Title	CFO / EVP	PersonTitleTxt
Phone	3344273000	PhoneNum
Signature	2018-10-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CYNTHIA A HUDSON CPA	PreparerPersonNm
PTIN	P00029332	PTIN
Phone	2059825500	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	74.254.230.2	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-10-13	IPDt
IP Tm	13:43:02	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	7D18C0A5607C564A059F47EF0B8078F358E5AEEC	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2018-06-14 16:35:46Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BETH WOODARD	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 550	AddressLine1Txt
City	ANDALUSIA	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	36420	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$595,876,967	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.POWERSOUTH.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1941	FormationYr
Legal Domicile State	AL	LegalDomicileStateCd
Activity Or Mission	COOPERATIVE UTILITY SYSTEM - PRODUCING & DISTRIBUTING WHOLESALE ELECTRIC POWER TO & FOR COOPERATIVE MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.	ActivityOrMissionDesc
Voting Members Governing Body	40	VotingMembersGoverningBodyCnt
Voting Members Independent	40	VotingMembersIndependentCnt
Total Employee	678	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$596,390,518	PYProgramServiceRevenueAmt
CY Program Service Revenue	$588,641,708	CYProgramServiceRevenueAmt
PY Investment Income	$4,350,087	PYInvestmentIncomeAmt
CY Investment Income	$5,119,417	CYInvestmentIncomeAmt
PY Other Revenue	$3,249,790	PYOtherRevenueAmt
CY Other Revenue	$2,108,876	CYOtherRevenueAmt
PY Total Revenue	$603,990,395	PYTotalRevenueAmt
CY Total Revenue	$595,870,001	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$68,456,886	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$75,306,318	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$522,229,598	PYOtherExpensesAmt
CY Other Expenses	$510,942,077	CYOtherExpensesAmt
PY Total Expenses	$590,686,484	PYTotalExpensesAmt
CY Total Expenses	$586,248,395	CYTotalExpensesAmt
PY Revenues Less Expenses	$13,303,911	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$9,621,606	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,789,597,151	TotalAssetsBOYAmt
Total Assets EOY	$1,731,764,417	TotalAssetsEOYAmt
Total Liabilities BOY	$1,443,821,706	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,376,367,366	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$345,775,445	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$355,397,051	NetAssetsOrFundBalancesEOYAmt
Mission	POWERSOUTH ENERGY COOPERATIVE IS A FEDERAL COOPERATIVE PRODUCING AND TRANSMITTING WHOLESALE ELECTRIC POWER TO AND FOR ITS COOPERATIVE AND MUNICIPAL MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	POWERSOUTH ENERGY COOPERATIVE SERVES THE WHOLESALE ENERGY NEEDS OF 20 UTILITY DISTRIBUTION MEMBERS IN ALABAMA AND NORTHWEST FLORIDA.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	198	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	678	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$586,925,878	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$8,944,123	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	40	GoverningBodyVotingMembersCnt
Independent Voting Member	40	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	BETH WOODARD	PersonNm
Phone	3344273000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2027 EAST THREE NOTCH STREET	AddressLine1Txt
City	ANDALUSIA	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	36421	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (61 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
CLAY CAMPBELL
BOARD MEMBER	7.00	Yes (X)	$19,528	$0	$0
DAVIS HENSON
BOARD MEMBER	7.00	Yes (X)	$2,175	$0	$0
ED SHORT
BOARD MEMBER	7.00	Yes (X)	$25,516	$0	$7,591
JAMES WILSON
BOARD MEMBER	7.00	Yes (X)	$21,903	$0	$0
RANDY BRANNON
BOARD MEMBER	7.00	Yes (X)	$19,903	$0	$0
GARY HARRISON
BOARD MEMBER	7.00	Yes (X)	$18,303	$0	$0
RONALD JONES
BOARD MEMBER	7.00	Yes (X)	$6,627	$0	$0
TOM STACKHOUSE
BOARD MEMBER	7.00	Yes (X)	$19,928	$0	$0
JAMES HALL
BOARD MEMBER	7.00	Yes (X)	$12,452	$0	$0
EARL JOHNSON
BOARD MEMBER	7.00	Yes (X)	$14,753	$0	$0
BRITT THOMAS
BOARD MEMBER	7.00	Yes (X)	$17,928	$0	$0
STACEY PARKER
BOARD MEMBER	7.00	Yes (X)	$19,128	$0	$0
JIM WINN
BOARD MEMBER	7.00	Yes (X)	$12,228	$0	$0
COOSA VALLEY ELECTRIC
BOARD MEMBER	7.00	Yes (X)	$17,901	$0	$0
VINCE JOHNSON
BOARD MEMBER	7.00	Yes (X)	$19,150	$0	$0
TALLAPOOSA RIVER ELECTRIC
BOARD MEMBER	7.00	Yes (X)	$18,703	$0	$0
THOMAS DUNCAN
BOARD MEMBER	7.00	Yes (X)	$19,528	$0	$0
ELLIS NICHOLS
BOARD MEMBER	7.00	Yes (X)	$24,260	$0	$6,960
MICKEY MURDOCK
BOARD MEMBER	7.00	Yes (X)	$15,152	$0	$0
GULF COAST ELECTRIC COOPERATIVE
BOARD MEMBER	7.00	Yes (X)	$7,873	$0	$1,898
RICKY JONES
BOARD MEMBER	7.00	Yes (X)	$12,578	$0	$0
TERRY MOSELEY
BOARD MEMBER	7.00	Yes (X)	$18,753	$0	$0
WILLIE SMITH
BOARD MEMBER	7.00	Yes (X)	$17,927	$0	$0
STEPHEN RHODES
BOARD MEMBER	7.00	Yes (X)	$18,728	$0	$0
JOSEPH COLEMAN
BOARD MEMBER	7.00	Yes (X)	$21,128	$0	$0
WIREGRASS ELECTRIC COOPERATIVE
BOARD MEMBER	7.00	Yes (X)	$20,328	$0	$0
VAN SMITH
BOARD MEMBER	7.00	Yes (X)	$21,128	$0	$0
RUSSELL DUNAWAY
BOARD MEMBER	7.00	Yes (X)	$21,928	$0	$0
PHILLIP BRYANT
BOARD MEMBER	7.00	Yes (X)	$19,928	$0	$0
JIMMY SHAVER
BOARD MEMBER	7.00	Yes (X)	$23,257	$0	$8,107
KAREN MOORE
BOARD MEMBER	7.00	Yes (X)	$18,428	$0	$0
DOUG BIRMINGHAM
BOARD MEMBER	7.00	Yes (X)	$19,128	$0	$0
BILLY DANZEY
BOARD MEMBER	7.00	Yes (X)	$11,626	$0	$0
DWIGHT MALOY
BOARD MEMBER	7.00	Yes (X)	$10,352	$0	$0
ANDREW CALLAWAY
BOARD MEMBER	7.00	Yes (X)	$15,553	$0	$0
DONNA PARRISH
BOARD MEMBER	7.00	Yes (X)	$14,528	$0	$0
DAVID BAILEY
BOARD MEMBER	7.00	Yes (X)	$20,328	$0	$0
BECKY BRACKE
BOARD MEMBER	7.00	Yes (X)	$14,853	$0	$0
ISABELL BOYD
BOARD MEMBER	7.00	Yes (X)	$17,552	$0	$0
TIM JOHNSON
BOARD MEMBER	7.00	Yes (X)	$25,943	$0	$7,593
JACK BAILEY
BOARD MEMBER	7.00	Yes (X)	$9,700	$0	$0
JOHN THOMPSON
BOARD MEMBER	7.00	Yes (X)	$1,075	$0	$0
JOHN BARTLEY
BOARD MEMBER	7.00	Yes (X)	$13,902	$0	$0
GERALD EDMONDSON
BOARD MEMBER	7.00	Yes (X)	$12,002	$0	$0
ALAN SCHOTT
BOARD MEMBER	7.00	Yes (X)	$1,100	$0	$0
HOWARD DAUGHERTY
BOARD MEMBER	7.00	Yes (X)	$1,100	$0	$0
LEE PETERS
BOARD MEMBER	7.00	Yes (X)	$7,001	$0	$0
AARON WHITE
BOARD MEMBER	7.00	Yes (X)	$5,601	$0	$0
TRACY REEDER
BOARD MEMBER	7.00	Yes (X)	$3,000	$0	$0
GARY SMITH
CEO/PRESIDENT	50.00		$4,721,969	$0	$218,832	Yes (X)
SETH HAMMETT
VP OF BUSINESS DEVELOPMENT	50.00		$329,530	$0	$77,958	Yes (X)
HORACE HORN
VP OF EXTERNAL AFFAIRS	50.00		$369,214	$0	$90,205	Yes (X)
DAMON MORGAN
COO	50.00		$668,222	$0	$148,238	Yes (X)
BETH WOODARD
VP OF LEGAL/CORPORATE AFFAIRS	50.00		$422,575	$0	$110,890	Yes (X)
LEIGH GRANTHAM
VP OF MEMBER SERVICES AND COMMUNICATIONS	50.00		$355,320	$0	$99,016	Yes (X)
RICK KYLE
VP/CFO	50.00		$400,109	$0	$104,389	Yes (X)
DAVID POWELL
DIRECTOR OF POWER PRODUCTION	50.00		$276,579	$0	$73,674		Yes (X)
JOHN MATHESON
DIRECTOR OF ENGINEERING	50.00		$200,184	$0	$64,596		Yes (X)
RON GRAHAM
DIRECTOR OF POWER SUPPLY	50.00		$230,211	$0	$68,365		Yes (X)
TERRY WILSON
DIRECTOR OF T&D OPERATIONS	50.00		$204,366	$0	$64,628		Yes (X)
ART BRUNSON
DIRECTOR OF LEGAL AFFAIRS	50.00		$216,181	$0	$64,579		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$9,145,854	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,217,519	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	148	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
PARKER TOWING COMPANY
PO BOX 20908	TUSCALOOSA	AL	35402	BARGE SERVICES	$9,434,299
BLACK & VEATCH CORPORATION
8400 WARD PARKWAY	KANSAS CITY	MO	64114	ENGINEERING SERVICES	$1,904,264
EVERGREEN TRANSPORT LLC
PO BOX 727	EVERGREEN	AL	36401	TRUCKING SERVICES	$1,130,755
ASPLUNDH TREE EXPERT
HWY 87	SAGINAW	AL	35137	TREE CUTTING SERVICES	$846,872
SOUTHEAST WOODLAND SERVICES
431 CAINES LANDING ROAD	CONWAY	SC	29526	FORESTRY SERVICES	$588,289

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	26	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	SALES OF ELECTRICITY	Desc
Business	221000	BusinessCd
Total Revenue Column	$588,641,708	TotalRevenueColumnAmt
Related Or Exempt Func Income	$588,641,708	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$588,641,708	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,797,792	TotalRevenueColumnAmt
Exclusion	$4,797,792	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$328,591	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$6,966	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$321,625	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$321,625	TotalRevenueColumnAmt
Exclusion	$321,625	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CAPITAL CREDITS	221000	$1,052,692	$1,052,692
AFUDC	221000	$888,139	$888,139
OTHER MISCELLANEOUS INCOME	221000	$168,045	$168,045

Field	Value	IRS element (for citing)
Other Revenue Total	$2,108,876	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$595,870,001	TotalRevenueColumnAmt
Related Or Exempt Func Income	$590,750,584	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,119,417	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$8,900,009	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$48,434,684	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$12,753,485	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$880,570	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,337,570	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$364,569	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$361,599	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$872,515	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$6,054,775	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$770,411	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,110,976	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$834,180	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$52,483,785	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$68,008,024	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
POWER PRODUCTION - FUEL	$174,796,093
PURCHASED POWER	$100,045,402
TRANSMISSIONS - OPERATI	$40,044,600
POWER PRODUCTION - MAIN	$30,905,480

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$32,289,668	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$586,248,395	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$78,777,111	BOYAmt
EOY	$58,817,543	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$17,212,509	BOYAmt
EOY	$6,020,802	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$54,327,974	BOYAmt
EOY	$60,709,460	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$105,407,858	BOYAmt
EOY	$104,429,383	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$74,696,219	BOYAmt
EOY	$72,436,940	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,344,284,719	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$990,388,179	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,362,602,594	BOYAmt
EOY	$1,353,896,540	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$37,868,792	BOYAmt
EOY	$18,098,160	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$18,401,232	BOYAmt
EOY	$19,366,438	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$40,302,862	BOYAmt
EOY	$37,989,151	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,789,597,151	BOYAmt
EOY	$1,731,764,417	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$102,974,883	BOYAmt
EOY	$94,982,598	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$3,992,880	BOYAmt
EOY	$14,116,723	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$318,459,617	BOYAmt
EOY	$98,621,829	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$778,304,825	BOYAmt
EOY	$856,452,954	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$159,585,400	BOYAmt
EOY	$229,695,956	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$80,504,101	BOYAmt
EOY	$82,497,306	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,443,821,706	BOYAmt
EOY	$1,376,367,366	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$110	BOYAmt
EOY	$110	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$345,775,335	BOYAmt
EOY	$355,396,941	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$345,775,445	BOYAmt
EOY	$355,397,051	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,789,597,151	BOYAmt
EOY	$1,731,764,417	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$9,621,606	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,623,041	OtherCostOrOtherBasisAmt
Book Value	$18,623,041	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$148,855,705	OtherCostOrOtherBasisAmt
Depreciation	$84,364,780	DepreciationAmt
Book Value	$64,490,925	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,140,025,990	OtherCostOrOtherBasisAmt
Depreciation	$886,858,083	DepreciationAmt
Book Value	$1,253,167,907	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$36,779,983	OtherCostOrOtherBasisAmt
Depreciation	$19,165,316	DepreciationAmt
Book Value	$17,614,667	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,353,896,540	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
FMV OF GAS HEDGES	$2,023,030
FMV OF INTEREST RATE SWAPS	$21,544,558
ACCRUED POST RETIREMENT BENEFIT COST	$28,214,985
ACCUM PROV FOR PROPERTY INSURANCE	$4,957,311
ASSET RETIREMENT OBLIGATIONS	$25,757,422

Field	Value	IRS element (for citing)
Total Liability	$82,497,306	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$595,382,324	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$595,382,324	RevenueSubtotalAmt
Other Revenues Not Included	$487,677	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$487,677	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$595,870,001	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$585,769,787	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$9,069	OtherExpensesIncludedAmt
Expenses Not Reported	$9,069	ExpensesNotReportedAmt
Expenses Subtotal	$585,760,718	ExpensesSubtotalAmt
Other Expenses Not Included	$487,677	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$487,677	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$586,248,395	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:	FINANCIAL STATEMENT NETTING OF EXPENSES IN INCOME 487,677.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	CONSOLIDATED FINANCIAL STATEMENT LOSSES ON WHOLLY OWNED SUBSIDIARIES 9,069.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	FINANCIAL STATEMENT NETTING OF INCOME IN EXPENSES 487,677.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GARY SMITH
CEO/PRESIDENT	$952,587	$0	$0	$0	$3,769,382	$0	$202,285	$0	$16,547	$0	$4,940,801	$0	$0	$0
SETH HAMMETT
VP OF BUSINESS DEVELOPMENT	$329,530	$0	$0	$0	$0	$0	$73,767	$0	$4,191	$0	$407,488	$0	$0	$0
HORACE HORN
VP OF EXTERNAL AFFAIRS	$369,214	$0	$0	$0	$0	$0	$81,116	$0	$9,089	$0	$459,419	$0	$0	$0
DAMON MORGAN
COO	$668,222	$0	$0	$0	$0	$0	$131,691	$0	$16,547	$0	$816,460	$0	$0	$0
BETH WOODARD
VP OF LEGAL/CORPORATE AFFAIRS	$422,575	$0	$0	$0	$0	$0	$94,343	$0	$16,547	$0	$533,465	$0	$0	$0
LEIGH GRANTHAM
VP OF MEMBER SERVICES AND COMMUNICAT	$355,320	$0	$0	$0	$0	$0	$82,495	$0	$16,521	$0	$454,336	$0	$0	$0
RICK KYLE
VP/CFO	$400,109	$0	$0	$0	$0	$0	$87,842	$0	$16,547	$0	$504,498	$0	$0	$0
DAVID POWELL
DIRECTOR OF POWER PRODUCTION	$276,579	$0	$0	$0	$0	$0	$63,903	$0	$9,771	$0	$350,253	$0	$0	$0
JOHN MATHESON
DIRECTOR OF ENGINEERING	$200,184	$0	$0	$0	$0	$0	$49,916	$0	$14,680	$0	$264,780	$0	$0	$0
RON GRAHAM
DIRECTOR OF POWER SUPPLY	$230,211	$0	$0	$0	$0	$0	$53,491	$0	$14,874	$0	$298,576	$0	$0	$0
TERRY WILSON
DIRECTOR OF T&D OPERATIONS	$204,366	$0	$0	$0	$0	$0	$49,948	$0	$14,680	$0	$268,994	$0	$0	$0
ART BRUNSON
DIRECTOR OF LEGAL AFFAIRS	$216,181	$0	$0	$0	$0	$0	$49,934	$0	$14,645	$0	$280,760	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	THE FOLLOWING PERSONS PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. GARY SMITH CEO/PRESIDENT SETH HAMMETT VP OF BUSINESS DEVELOPMENT HORACE HORN VP OF EXTERNAL AFFAIRS DAMON MORGAN COO BETH WOODARD VP OF LEGAL/CORPORATE AFFAIRS LEIGH GRANTHAM VP OF MEMBER SERVICES AND COMMUNICATIONS RICK KYLE VP/CFO DURING 2017 ONLY GARY SMITH RECEIVED A PAYMENT FROM A NON-QUALIFIED RETIREMENT PLAN OF $3,685,518.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
INDUSTRIAL DEV BD TOWN OF CHATOM SERIES 2007A
A	636003963	162296AA5	2007-04-06	$50,000,000	GO ZONE BONDS - PROJECTS	0	0	0
INDUSTRIAL DEV BD TOWN OF CHATOM SERIES 2010A
B	636003963	16229PAB1	2010-09-29	$74,645,000	GO ZONE BONDS - REFUNDING	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$21,230,000	2009	0	0	Yes (1)	Yes (1)
B	$3,540,000	2009	Yes (1)	0	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	0	Yes (1)	Yes (1)	Yes (1)	0	0	0	Yes (1)
B	0	0	Yes (1)	Yes (1)	0	0	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE K PART IV, ARBITRAGE, LINE 2C: ADDITIONAL INFORMATION	(A) ISSUER NAME: INDUSTRIAL DEV. BD. TOWN OF CHATOM SERIES 2007A DATE THE REBATE COMPUTATION LAST WAS PERFORMED: 04/01/2017 (A) ISSUER NAME: INDUSTRIAL DEV. BD. TOWN OF CHATOM SERIES 2010A DATE THE REBATE COMPUTATION WAS LAST PERFORMED: 09/30/2015
SCHEDULE K PART III - OTHER QUALIFIED PRIVATE ACTIVITY BOND INFORMATION	PART I, ROW A IDB OF TOWN OF CHATOM SERIES 2007A - GO ZONE BONDS PART I, ROW B IDB OF TOWN OF CHATOM SERIES 2010A - GO ZONE BONDS

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS 20 MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	EACH MEMBER HAS THE POWER TO ELECT TWO TRUSTEES TO THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7B	UNDER POWERSOUTH'S BYLAWS, CERTAIN ACTIONS ARE VOTED ON BY THE MEMBERS INCLUDING THE SALE OF SUBSTANTIALLY ALL OF ITS PROPERTY, EXPULSION OF A MEMBER AS WELL AS MATTERS DEALING WITH MERGERS AND OTHER ISSUES.
FORM 990, PART VI, SECTION B, LINE 11B	THE PRESIDENT/CEO REVIEWS THE FORM 990 WITH THE EXECUTIVE COMMITTEE WHO THEN REPORTS TO THE BOARD OF TRUSTEES. THE BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 FOR REVIEW. ONCE THE FORM 990 HAS BEEN REVIEWED BY THE GOVERNING BODY, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, LINE 12A	THE ORGANIZATION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY HOWEVER INTERNAL PROCEDURES AND OTHER POLICIES PROVIDE THE ORGANIZATION WITH GUIDANCE ON CONFLICTS OF INTEREST.
FORM 990, PART VI, LINE 14	THE ORGANIZATION DOES NOT HAVE A FORMAL POLICY HOWEVER INTERNAL PROCEDURES PROVIDE THE ORGANIZATION WITH GUIDANCE ON DOCUMENT RETENTION AND DESTRUCTION PER THE USDA GUIDELINES FOR RURAL UTILITY SERVICE.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION PROCESS: POWERSOUTH'S SYSTEMATIC SALARY COMPENSATION PLAN FOR MANAGEMENT, SUPERVISORY, TECHNICAL AND CLERICAL EMPLOYEES WAS DEVELOPED BY THE HAY GROUP AND HAS BEEN USED SINCE THE 1980'S. THE HAY METHODOLOGY EVALUATES JOBS ON THREE MAJOR FACTORS: (1) REQUIRED JOB KNOWLEDGE AND SKILLS (2) THE DEGREE OF THINKING AND PROBLEM SOLVING REQUIRED FOR DECISION MAKING AND (3) THE DEGREE OF ACCOUNTABILITY FOR ACTIONS AND THE CONSEQUENCES OF THOSE ACTIONS. AFTER EVALUATION, EACH JOB IS ASSIGNED A POINT VALUE AND A SALARY RANGE. EACH YEAR, HAY REVIEWS THE SALARY RANGES OF OUR JOBS AND COMPARES THEM TO THE MARKET TO DETERMINE WHERE WE RELATE TO OTHERS IN OUR INDUSTRY. FROM THE INFORMATION OBTAINED THROUGH EXTENSIVE SURVEYS CONDUCTED BY HAY (HAY GROUP ENERGY INDUSTRY AND LOCAL AREA SURVEY DATABASES), IT WILL DETERMINE IF OUR MIDPOINTS ARE BELOW, ABOVE OR EQUAL TO THE MARKET AVERAGE. THIS ENSURES INTERNAL EQUITY AND EXTERNAL COMPETITIVENESS. IF NEEDED, HAY MAKES A RECOMMENDATION TO ADJUST OUR PAY STRUCTURE (SALARY RANGES) BASED ON THE MARKET AND ITS MOVEMENT. POWERSOUTH'S BOARD OF TRUSTEES IS INFORMED OF THIS INFORMATION AND HAS THE FINAL DECISION AS TO WHAT ACTION IS TAKEN. WE PROCEED AS THE BOARD OF TRUSTEES ADVISE.
FORM 990, PART VI, SECTION C, LINE 19	FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CERTAIN GOVERNANCE DOCUMENTS ARE AVAILABLE VIA ALABAMA SECRETARY OF STATE WEBSITE AS WELL AS POSTED TO EMMA OPERATED BY THE MUNICIPAL SECURITIES RULEMAKING BOARD.
FORM 990, PART XII, LINE 2C	THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION	POWERSOUTH ENERGY COOPERATIVE P.O. BOX 550 ANDALUSIA, AL 36420 EMPLOYER IDENTIFICATION NUMBER: 63-0238274 FOR THE YEAR ENDING DECEMBER 31, 2017 POWERSOUTH ENERGY COOPERATIVE IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTION	POWERSOUTH ENERGY COOPERATIVE P.O. BOX 550 ANDALUSIA, AL 36420 EMPLOYER IDENTIFICATION NUMBER: 63-0238274 FOR THE YEAR ENDING DECEMBER 31, 2017 POWERSOUTH ENERGY COOPERATIVE IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
ANDALUSIA AND CONECUH RAILROAD CO INC
PO BOX 550	ANDALUSIA	AL	36420	630844945	RAILROAD	AL	POWERSOUTH ENERGY COOPERATIVE	C	-$2,299	$282,292	1.00000	Yes (1)
POWERSOUTH DEVELOPMENT CORP
PO BOX 550	ANDALUSIA	AL	36420	721361165	ECONOMIC DEVELOPMENT	AL	POWERSOUTH ENERGY COOPERATIVE	C	-$8	$1,944,690	1.00000	Yes (1)
COOPERATIVE SERVICES INC
PO BOX 550	ANDALUSIA	AL	36420	631236941	HOLDING COMPANY	AL	POWERSOUTH ENERGY COOPERATIVE	C	-$6,762	$108,574	1.00000	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd