2025-11-06T11:38:32+00:00 2024-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2024-01-01 480836984 Kansas Electric Power Cooperative Inc KANS 7852737010 600 SW CORPORATE VIEW TOPEKA KS 66615 KEVIN NOBLET EXECUTIVE VP & CEO 7852737010 2025-11-06 true true Amber Sherrill P00748683 5013721040 2025-11-06 2024 2025-03-06 01:10:19Z KEVIN NOBLET 600 SW CORPORATE VIEW TOPEKA KS 66615 152486482 false X WWW.KEPCO.ORG X 1975 KS To procure an adequate and reliable power supply for the organization's 16 distribution rural electric cooperative member/owners at a reasonable cost. 16 16 27 24 259262 0 0 0 145751928 150655639 1789380 1541960 211538 288883 147752846 152486482 0 21169 0 0 5001056 10800611 0 0 0 140462461 140674287 145463517 151496067 2289329 990415 312040387 309487229 222334141 217456048 89706246 92031181 To procure an adequate and reliable power supply for the organization's 16 distribution rural electric cooperative member/owners at a reasonable cost. false false Provide electricity to 16 member/owner distribution cooperatives. 0 false false true 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 false false false false true true true false false true 43 0 true 27 true true true false false false false 150293387 2452359 false false false X 16 16 false false false false true true false true true false false false true true true true true true true false false false X COLEEN WELLS 7852737010 600 SW CORPORATE VIEW TOPEKA KS 66615 Byran Coover Secretary 3.0 0.0 X X 15684 0 0 Chuck Goeckel Vice-President 3.0 0.0 X X 20062 0 0 Ken Hedberg Treasurer 3.0 0.0 X X 14267 0 0 Michael Morton President 6.0 0.0 X X 19497 0 0 Chris Parr Trustee 3.0 0.0 X 14977 0 0 Dan Hubert Trustee 3.0 0.0 X 12572 0 0 Dennis Svanes Trustee 3.0 0.0 X 14267 0 0 DON METZEN TRUSTEE 1.0 0.0 X 4520 0 0 GENE SCHEER TRUSTEE 1.0 0.0 X 9747 0 0 John Schon Trustee 3.0 0.0 X 12291 0 0 Kevin Brownlee Trustee 3.0 0.0 X 13253 0 0 Kevin Compton Trustee 3.0 0.0 X 13137 0 0 Kirk Thompson Trustee 3.0 0.0 X 19216 0 0 LARRY FROESE TRUSTEE 1.0 0.0 X 14267 0 0 Lori Jones Trustee 3.0 0.0 X 24017 0 0 Mark Scheibe Trustee 3.0 0.0 X 15609 0 0 Paul Wilson Trustee 3.0 0.0 X 12995 0 0 Coleen Wells Sr VP & Chief Financial Officer 40.0 0.0 X 285284 0 132108 Steven O Foss Executive VP & CEO Since 03/22/2024 40.0 0.0 X 360450 0 0 Suzanne Lane Executive VP & CEO Through 03/22/2024 40.0 0.0 X 209115 0 9142 Mark Barbee Sr VP & Chief Operating Officer 40.0 0.0 X 260620 0 139514 Mark Doljac Executive Director, Rates & Planning 40.0 0.0 X 162770 0 72835 Rebecca Fowler Director Regulatory Affairs 40.0 0.0 X 141246 0 50767 Shawn Geil Executive Director, Technical & Energy Services 40.0 0.0 X 153453 0 48238 Susan Cunningham SR VP & General Counsel 40.0 0.0 X 238412 0 84282 2061728 0 536886 15 false true false K&L GATES LLP 4900 MAIN ST 650 KANSAS CITY MO 64112 LEGAL ASSISTANCE 426074 STEVEN FOSS 4715 MCCORMICK DRIVE BASEHOR KS 66007 TEMPORARY MANAGEMENT SERVICES 360450 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 CONSULTING 335863 ACES 4140 WEST 99TH ST CARMEL IN 46032 ENERGY MANAGEMENT 147077 GUERNSEY 5555 N GRAND OKLAHOMA CITY OK 73112 CONSULTING 125652 5 0 0 0 0 0 0 0 0 SALE OF ELECTRICITY 221000 150471625 150471625 0 0 CAPITAL CREDITS 221000 180429 180429 0 0 OTHER ELECTRIC REVENUE 221000 3585 3585 0 0 0 0 0 0 150655639 1541501 0 0 1541501 0 0 0 0 0 0 0 0 2242 0 0 0 2242 0 2242 0 0 2242 0 459 0 0 0 459 459 0 0 459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MGMT FEES FROM KSI 561000 259262 0 259262 0 INSURANCE PROCEEDS 900099 27379 0 0 27379 0 0 0 0 286641 152486482 150655639 259262 1571581 21169 0 0 0 1260214 0 6284531 729670 1933470 592726 0 0 0 11572 0 0 1788304 134533 523885 364888 0 2486081 98865 0 640805 7185130 0 11717823 144082 COST OF POWER 104421263 DISTRIBUTION EXPENSE 7153290 NUCLEAR FUEL 3544919 DUES & SUBSCRIPTIONS 356638 102209 151496067 201349 29059 30232701 24946751 0 0 10591037 12117867 0 0 0 0 0 0 8183259 8697978 6643526 2110063 425210905 225770644 192189432 199440261 39482268 44983386 0 10451378 9915907 0 0 14065437 7245957 312040387 309487229 23635913 16937568 0 0 446193 0 0 0 0 0 0 0 144840833 145256541 0 0 53411202 55261939 222334141 217456048 0 0 0 0 X 3200 3200 0 0 89703046 92027981 89706246 92031181 312040387 309487229 X 990415 0 0 0 1334520 X false true true false 4900 4900 4900 true Schedule C, Part I-A, Line 1 KEPCO EMPLOYS AN INDIVIDUAL WHO ALLOCATES APPROXIMATELY TWENTY-FIVE TO THIRTY PERCENT OF HIS TIME LOBBYING AT THE STATE LEVEL. THIS TIME INCLUDES ATTENDING COMMITTEE AND INTERIM MEETINGS, TESTIFYING BEFORE COMMITTEES, ATTENDING REGULATORY MEETINGS, ATTENDING FUNDRAISERS, AND PERFORMING OTHER ASSOCIATED ACTIVITIES WITHIN THE LEGISLATIVE AND POLITICAL PROCESS, THIS INDIVIDUAL ALSO PARTICIPATES IN NRECA'S GRASSROOTS LEGISLATIVE CONFERENCE IN WASHINGTON, D.C. UNDER THE ADVISEMENT OF THIS EMPLOYEE, KEPCO MAKES CONTRIBUTIONS EACH YEAR TO POLITICAL CANDIDATES AT THE STATE AND FEDERAL LEVEL, WITH CONCURRENCE OF THE BOARD 0 937949 937949 0 94729700 12630848 82098852 0 0 0 0 0 299716690 213139796 86576894 0 29826566 29826566 199440261 Federal Income Taxes WOLF CREEK DECOMMISSIONING REGULATORY LIABILITY WOLF CREEK DECOMMISSIONING LIABILITY WOLF CREEK OPERATING LIABILITY ASSET RETIREMENT OBLIGATION 49204847 LEASE LIABILITY 2160 PENSION LIABILITIES 6054932 55261939 152427628 0 0 0 0 0 152427628 0 58854 58854 152486482 151437213 0 0 0 0 0 151437213 0 58854 58854 151496067 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements EXPENSES IN REVENUE PER AUDIT - 58854 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements EXPENSES IN REVENUE PER AUDIT - 58854 X true true X X X true false false Steven O Foss Executive VP & CEO Since 03/22/2024 360450 0 0 0 0 0 0 0 0 0 360450 0 0 0 Suzanne Lane Executive VP & CEO Through 03/22/2024 99971 0 0 0 109144 0 5151 0 3991 0 218257 0 0 0 Coleen Wells Sr VP & Chief Financial Officer 255295 0 6458 0 23531 0 122362 0 9746 0 417392 0 0 0 Mark Barbee Sr VP & Chief Operating Officer 229523 0 6458 0 24639 0 123595 0 15919 0 400134 0 0 0 Susan Cunningham SR VP & General Counsel 213692 0 0 0 24720 0 69708 0 14574 0 322694 0 0 0 Mark Doljac Executive Director, Rates & Planning 140286 0 0 0 22484 0 58923 0 13912 0 235605 0 0 0 Shawn Geil Executive Director, Technical & Energy Services 122166 0 0 0 31287 0 35141 0 13097 0 201691 0 0 0 Rebecca Fowler Director Regulatory Affairs 118504 0 0 0 22742 0 37681 0 13086 0 192013 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees The organization paid health club dues for the following persons: the SR VP & CFO, SR VP & COO, SR VP & GENERAL COUNSEL. The dues were included as taxable compensation on each person's W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment Suzanne Lane's separation date was March 22, 2024. She received a separation payment equal to 12 weeks of compensation for a total of $101,884.68. Form 990, Part VI, Line 6 Classes of members or stockholders The organization is governed by a board of trustees representing each of its 16 member/owners. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Each member is engaged in the business of the distribution of electric energy. Each member acts through a trustee representative or alternate trustee representative, who is an employee or member of the board of that member trustee. The trustee shall choose the trustee representative or alternate trustee representative. The officers of the board must be from the board of trustees and are elected by a majority vote of the trustee representatives at the board meeting following the annual meeting. Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 return is prepared by an outside accounting firm. The return is then reviewed internally by management prior to filing with the IRS. A copy of the Form 990 is made available to members of the governing body prior to filing, at the September 2025 board meeting. If no objections are made, the 990 is filed. Form 990, Part VI, Line 12c Conflict of interest policy The organization has a conflict of interest policy. The board members are made aware of the policy on an annual basis. When board members or Kansas Electric Power Cooperative, Inc. employees come forward with conflicts of interest, the organization enforces the policy. Form 990, Part VI, Line 15a Process to establish compensation of top management official Annually the board of trustees meets to determine the compensation of the organization's CEO. The meeting is held in executive session. The compensation is based on comparable electric cooperatives throughout the country. Form 990, Part VI, Line 19 Required documents available to the public 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 Other changes in net assets or fund balances Net gain arising during the year on pension obligation - 1642618; Amort of PY service costs and actuarial gains included in net periodic benefit costs - -128361; ALLOCATED MARGIN TO KSI - -179737; Total - 1334520; KEPCO SERVICES INC 600 SW Corporate View Topeka KS 66615 481210508 Engineering Services KS KEPCO C Corporation true false false false false false false false false false false false false false false true false false false true KEPCO SERVICES INC O 201509 FMV KEPCO SERVICES INC S 57753 FMV