2017-05-11T12:56:23-05:00 2016-12-31 861065772 DELOITTE TAX LLP 191 PEACHTREE STREET NE SUITE 2000 ATLANTA GA 303031943 990 2016-01-01 560995910 NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION NORT 9198720800 3400 SUMNER BOULEVARD RALEIGH NC 27616 RICHARD M FEATHERS ASSISTANT SECRETARY 9198720800 2017-05-09 1 BRIAN GAREAU 4042202000 167.219.56.10 2017-05-09 03:15:48 US P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 770334355C03048EEC87D88CDB98A91C74D86F41 2016 2021-01-29 14:40:06Z JOSEPH P BRANNAN 3400 SUMNER BOULEVARD RALEIGH NC 27616 1192272821 0 X WWW.NCEMCS.COM X 1949 NC SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES. 50 49 177 0 32500 -400839 0 0 1089769992 1022651094 20363053 9933161 32500 32500 1110165545 1032616755 0 0 0 0 37579011 38452059 0 0 0 1050785317 971164696 1088364328 1009616755 21801217 23000000 1882040693 2001614331 1704930343 1798971165 177110350 202643166 SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES. 0 0 NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION PROVIDES WHOLESALE ELECTRIC GENERATION AND TRANSMISSION SERVICES TO 25 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES THAT PROVIDE ELECTRIC SERVICE TO OVER 950,000 HOMES, FARMS, AND BUSINESSES IN NORTH CAROLINA. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 60 0 1 177 1 1 1 0 0 0 0 909137466 104033988 0 X 50 49 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AR AZ GA CA IN NC MD MN MS X LARK S JAMES 9198720800 3400 SUMNER BOULEVARD RALEIGH NC 27616 MARK A SUGGS PRESIDENT 4.00 2.00 X X 0 0 0 DALE F LAMBERT VICE PRESIDENT 4.00 2.00 X X 0 0 0 PAUL SPRUILL SECRETARY/TREASURER 4.00 2.00 X X 0 0 0 MADIE R LOCKLEAR DIRECTOR 2.00 2.00 X 0 0 0 MITCHELL L KEEL DIRECTOR 2.00 2.00 X 0 0 0 JOHN L PIERCE DIRECTOR 2.00 2.00 X 0 0 0 MORRIS MCCLELION DIRECTOR 2.00 2.00 X 0 0 0 JOHN W SPENCE DIRECTOR 2.00 2.00 X 0 0 0 RICHARD A MIDGETT DIRECTOR 2.00 2.00 X 0 0 0 MORRELL JONES JR DIRECTOR 2.00 2.00 X 0 0 0 TOM BATCHELOR DIRECTOR 2.00 2.00 X 0 0 0 ROY STAMEY DIRECTOR 2.00 2.00 X 0 0 0 S FRANKLIN WILLIAMS DIRECTOR 2.00 2.00 X 0 0 0 STEVE HAMLIN DIRECTOR 2.00 2.00 X 0 0 0 W GREG PUCKETT DIRECTOR 2.00 2.00 X 0 0 0 STEVEN C HUNT DIRECTOR 2.00 2.00 X 0 0 0 SUSAN E FLYTHE DIRECTOR 2.00 2.00 X 0 0 0 SUZY MORGAN DIRECTOR 2.00 2.00 X 0 0 0 RICHARD H JOHNSON DIRECTOR 2.00 2.00 X 0 0 0 BILL R BARBER DIRECTOR 2.00 2.00 X 0 0 0 KENNETH R GREENE DIRECTOR 2.00 2.00 X 0 0 0 LV TOBY SPEAKS DIRECTOR 2.00 2.00 X 0 0 0 W MAX WALSER DIRECTOR 2.00 2.00 X 0 0 0 JOSEPH H JOPLIN DIRECTOR 2.00 2.00 X 0 0 0 KELLY HARRINGTON DIRECTOR 2.00 2.00 X 0 0 0 BOBBY D WRIGHT DIRECTOR 2.00 2.00 X 0 0 0 BL STARNES DIRECTOR 2.00 2.00 X 0 0 0 CARL W KORNEGAY JR DIRECTOR 2.00 2.00 X 0 0 0 CHARLES H GUERRY DIRECTOR 2.00 2.00 X 0 0 0 CHRISTOPHER SPEARS DIRECTOR 2.00 2.00 X 0 0 0 CRAIG A CONRAD DIRECTOR 2.00 2.00 X 0 0 0 CURTIS WYNN DIRECTOR 2.00 2.00 X 0 0 0 DELORIA IRBY DIRECTOR 2.00 2.00 X 0 0 0 REBECCA P COGAN DIRECTOR 2.00 2.00 X 0 0 0 DONALD H SPIVEY DIRECTOR 2.00 2.00 X 0 0 0 JEFFREY N LETCHWORTH DIRECTOR 2.00 2.00 X 0 0 0 DON HUGHES DIRECTOR 2.00 2.00 X 0 0 0 JOHN D WARD DIRECTOR 2.00 2.00 X 0 0 0 GREG ANDRESS DIRECTOR 2.00 2.00 X 0 0 0 WINSTON HOWELL DIRECTOR 2.00 2.00 X 0 0 0 ELBERT RAY PITT JR DIRECTOR 2.00 2.00 X 0 0 0 GARY W RAY DIRECTOR 2.00 2.00 X 0 0 0 J MICHAEL DAVIS DIRECTOR 2.00 2.00 X 0 0 0 J DOUGLAS BRINSON DIRECTOR 2.00 2.00 X 0 0 0 ALLEN W SPELLER DIRECTOR 2.00 2.00 X 0 0 0 H WAYNE WILKINS DIRECTOR 2.00 2.00 X 0 0 0 DOUGLAS W JOHNSON DIRECTOR 2.00 2.00 X 0 0 0 JAMES E MANGUM JR DIRECTOR 2.00 2.00 X 0 0 0 JEFF CLARK DIRECTOR 2.00 2.00 X 0 0 0 J DEAN CARPENTER DIRECTOR 2.00 2.00 X 0 0 0 RICHARD M FEATHERS ASSISTANT SECRETARY 34.00 6.00 X 251738 0 88577 LARK S JAMES SENIOR VP, FINANCE & CFO 34.00 6.00 X 323399 0 105110 ROBERT B SCHWENTKER SENIOR VP & COO, GREENCO 34.00 6.00 X 368968 0 103071 JOSEPH P BRANNAN EXECUTIVE VP & CEO 34.00 6.00 X 887323 0 229381 MICHAEL W BURNETTE SENIOR VP & COO 40.00 0.00 X 340249 0 95696 CECIL SMITH JR VICE PRESIDENT, FIBER PROJECTS 40.00 0.00 X 210358 0 64751 STEPHEN B BURROUGHS VP OF FINANCE 34.00 6.00 X 233121 0 73737 NELLE P HOTCHKISS SENIOR VP, CORPORATE RELAT 10.00 30.00 X 270813 0 92987 ROBERT H GOODSON SENIOR VP & COO, NCAEC 4.00 36.00 X 338057 0 109530 LONNIE MOORE SENIOR VP & COO, TEMA 2.00 38.00 X 273586 0 57964 3497612 0 1020804 78 0 1 0 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 460327731 POWER MANAGEMENT SERVICES 3565351 MCCARTER & ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 071020652 LEGAL SERVICES 827050 PRO ENERGY SERVICES LLC PO BOX 975602 DALLAS TX 753975602 ENERGY OPERATIONS & MAINTENANCE SERVICES 573661 TPRC BROADBAND LLC 306 WEST JJ DRIVE GREENSBORO NC 27406 COMMUNICATION SERVICES 312051 KEVIN LANE CONSULTING LLC 5006 FAIRLAWN CRESCENT CT CHARLOTTE NC 28226 INFORMATION TECHNOLOGY SERVICES 305824 12 PROVIDE ELECTRIC POWER 1022651094 1022651094 1022651094 9121380 9121380 32500 0 32500 32500 32500 160441424 26423 159655913 153 785511 26270 811781 811781 1032616755 1022651094 32500 9933161 4518416 30141114 3673553 109365 9611 1166675 66182 123215 903928 407876 60176596 56134730 87962 PURCHASED POWER 607994521 POWER GENERATION EXPENS 81903696 TRANSMISSION & ANCILLAR 56868454 MAINTENANCE AND RENTAL 46265130 59065731 1009616755 243020755 301588538 80966114 115490420 2231708 1402545 4661120 4739333 2502574 2729893 2446707101 1339518742 1112606003 1107188359 254699518 270641352 8099596 8670918 173253305 189162973 1882040693 2001614331 180977660 180065758 1264094311 1350568255 259858372 268337152 1704930343 1798971165 X 625 625 0 0 177109725 202642541 177110350 202643166 1882040693 2001614331 X 23000000 1445816 1087000 X 0 1 X 1 0 204173 204173 20230098 7259465 12970633 1107612 283428 824184 19146820 15468128 3678692 2406018398 1316507721 1089510677 1107188359 CONSTRUCTION WORK IN PROCESS 120528021 DEFERRED DECOMMISSIONING COSTS 7584426 OTHER DEFERRED COSTS 54749280 LOSS ON REFINANCING 6301246 189162973 DECOMMISSIONING ASSET RETIREMENT OBLIGATION 245673022 POSTRETIREMENT/POST EMPLOYMENT BENEFITS OBLIGATION 13490000 REGULATORY LIABILITIES 5304686 CAPITAL LEASE OBLIGATIONS 3869444 268337152 1032225000 -391755 -391755 1032616755 0 1032616755 1009225000 -391755 -391755 1009616755 0 1009616755 PART XI, LINE 2D - OTHER ADJUSTMENTS: MISCELLANEOUS RECLASS BETWEEN REVENUE AND EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: MISCELLANEOUS RECLASS BETWEEN REVENUE AND EXPENSES X X 0 1 0 RICHARD M FEATHERS ASSISTANT SECRETARY 251738 0 0 0 0 0 65686 0 22891 0 340315 0 0 0 LARK S JAMES SENIOR VP, FINANCE & CFO 323399 0 0 0 0 0 81642 0 23468 0 428509 0 0 0 ROBERT B SCHWENTKER SENIOR VP & COO, GREENCO 368968 0 0 0 0 0 88497 0 14574 0 472039 0 0 0 JOSEPH P BRANNAN EXECUTIVE VP & CEO 887323 0 0 0 0 0 204431 0 24950 0 1116704 0 0 0 MICHAEL W BURNETTE SENIOR VP & COO 340249 0 0 0 0 0 81360 0 14336 0 435945 0 0 0 CECIL SMITH JR VICE PRESIDENT, FIBER PROJECTS 210358 0 0 0 0 0 40070 0 24681 0 275109 0 0 0 STEPHEN B BURROUGHS VP OF FINANCE 233121 0 0 0 0 0 60264 0 13473 0 306858 0 0 0 NELLE P HOTCHKISS SENIOR VP, CORPORATE RELAT 270813 0 0 0 0 0 69911 0 23076 0 363800 0 0 0 ROBERT H GOODSON SENIOR VP & COO, NCAEC 338057 0 0 0 0 0 83701 0 25829 0 447587 0 0 0 LONNIE MOORE SENIOR VP & COO, TEMA 273586 0 0 0 0 0 44129 0 13835 0 331550 0 0 0 EXPLANATION FOR LINE 4B: JOSEPH P. BRANNAN, ROBERT B. SCHWENTKER, ROBERT H. GOODSON, LARK S. JAMES AND MICHAEL W. BURNETTE PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. THE PARTICIPANTS IN THE PLAN WERE NOT VESTED IN THE BENEFIT AS OF 12/31/2016. THEREFORE, THE INDIVIDUALS RECEIVED NO COMPENSATION UNDER THE PLAN IN 2016. PAUL FLYTHE EMPLOYEE 162855 SEE SCH O 0 SCHEDULE L, PART V: THE INDIVIDUALS WHO SERVE AS THE BOARD OF DIRECTORS OF THE ENTITY ARE ALSO DIRECTORS, OFFICERS OR KEY EMPLOYEES OF NCEMC'S MEMBER COOPERATIVES AND MAY BE DIRECTORS OF RELATED ENTITIES. NCEMC DOES NOT PROVIDE ANY COMPENSATION TO ITS DIRECTORS. IN ADDITION NCEMC DOES NOT DIRECTLY COMPENSATE NOR HAS IT UNDERTAKEN ANY SINGLE TRANSACTION IN EXCESS OF $10,000 OR A SERIES OF TRANSACTIONS IN EXCESS OF $100,000 TO ANY INTERESTED PERSON, INCLUDING CURRENT AND FORMER OFFICERS, DIRECTORS AND FAMILY MEMBERS OF CURRENT AND FORMER OFFICERS, DIRECTORS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE COMPANY IS A MEMBER-OWNED GENERATION AND TRANSMISSION ELECTRIC COOPERATIVE OWNED BY 25 NORTH CAROLINA ELECTRIC COOPERATIVES. FORM 990, PART VI, SECTION A, LINE 7A THE COMPANY'S BOARD OF DIRECTORS IS COMPRISED OF 50 DIRECTORS REPRESENTING THE GENERAL MANAGER OR CHIEF EXECUTIVE OFFICER FROM EACH OF THE 25 MEMBERS AND 25 DIRECTORS SELECTED FROM THE BOARD OF DIRECTORS FROM EACH OF THE 25 MEMBERS. THE BOARD OF DIRECTORS ELECTS THE OFFICERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS BY THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 2016 FORM 990 WAS DISCUSSED AT THE COMPANY'S BOARD OF DIRECTORS' MEETING IN APRIL, 2017 AND THE FORM IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY HAS A CONFLICT OF INTEREST POLICY IN PLACE FOR ALL STAFF AND MEMBERS OF THE BOARD OF DIRECTORS IN 2016. DIRECTORS, OFFICERS AND SENIOR MANAGEMENT ARE REQUIRED TO ANNUALLY DISCLOSE, VIA A WRITTEN QUESTIONNAIRE, ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COMPANY'S CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE RECOMMENDS A COMPENSATION AMOUNT TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS VOTES ON THE COMPENSATION. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED THROUGH ANNUAL PERFORMANCE REVIEWS AND PERIODIC INDUSTRY EVALUATIONS. COMPENSATION IS BASED ON BOTH QUALITATIVE AND QUANTITATIVE FACTORS. FORM 990, PART VI, SECTION C, LINE 19 NCEMC'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE NORTH CAROLINA SECRETARY OF STATE'S WEBSITE. ALL OTHER INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFIT ADJUSTMENT 1,087,000. FORM 990, SCH L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: PAUL FLYTHE, AN EMPLOYEE OF THE COMPANY, IS THE SPOUSE OF A CURRENT DIRECTOR. NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 561189186 MEMBER SERVICES NC 501(C)(6) N/A NO 0 HUMAN CONNECTIONS FOUNDATION INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 651261123 DISTRIBUTES RELIEF FUNDS NC 501(C)(3) NO NO 0 THE TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 560575465 MATERIAL AND EQUIPMENT SALES NC N/A C 0 GREENCO SOLUTIONS INC 3400 SUMNER BOULEVARD RALEIGH NC 27616 262434254 RENEWABLE ENERGY ACTIVITIES NC N/A C 0 NCEMC SOLAR ONE LLC 3400 SUMNER BOULEVARD RALEIGH NC 27616 471520849 SOLAR ENERGY ACTIVITY NC NCEMC C 1000 1000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0