2016-08-10T07:22:22-07:00 2015-12-31 990 2015-01-01 582231201 GEORGIA TRANSMISSION CORPORATION GEOR 7702707625 2100 East Exchange Place Tucker GA 30084 Dale Cooper Assistant Controller 7702707625 2016-08-10 2015 2016-12-15 16:53:06Z R Dale Cooper III Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 30084 281395035 0 X www.gatrans.com X 1996 GA Transmission of Electricity 13 13 311 0 0 0 0 0 265888144 269766822 11456284 11628213 0 0 277344428 281395035 0 0 15119133 15081338 23144808 25026605 0 0 0 239080487 241287092 277344428 281395035 0 0 2273653270 2411972779 2019537481 2142775652 254115789 269197127 Transmission of Electricity 0 0 PRINCIPAL BUSINESS IS PROVIDING TRANSMISSION SERVICES. AT 12/31/15, GTC OWNED APPROXIMATELY 3,196 MILES OF TRANSMISSION LINES AND 714 SUBSTATIONS. GTC SUCCEEDED TO ALL OF OGLETHORPE'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE INTEGRATED TRANSMISSION SYSTEM 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 116 0 1 311 1 0 0 0 0 0 267348878 16205319 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X R Dale Cooper III CPA 7702707625 Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 300845336 Raphael Brumbeloe Director 1 0 X 0 0 8100 Gary Drake Director 0.5 0 X 0 0 8100 David Dunaway Director 1 0 X 0 0 6900 Charles Fendley Director 5 0 X 0 0 17640 Michael Goodroe Director 2 0 X 0 0 8900 Otis Jones Director 3 0 X 0 0 10700 Ronnie Lee Director 2 0 X 0 0 8200 Robert L Lewis Director 2 0 X 0 0 9300 Steve Rawl Director 2 0 X 0 0 11400 Jill Tietjen Director 4 0 X 0 0 26400 Tony Tucker Director 3 0 X 0 0 8200 Jack Waters Director 5 0 X 0 0 10000 Everett Williams Director 2 0 X 0 0 9300 Jerry Donovan President, CEO 40 0 X 431126 0 91017 Keith Daniel Vice President 40 0 X 265797 0 83734 Barbara Hampton CFO 40 0 X 382715 0 96513 Thomas Parker Vice President 40 0 X 234463 0 91214 Russ Schussler Vice President 40 0 X 231696 0 91008 David Van Winkle Vice President 40 0 X 235993 0 83504 John Raese Vice President 40 0 X 233273 0 84734 Angela Sheffield Vice President 40 0 X 221059 0 82053 Anne Hicks General Counsel 40 0 X X 221027 0 70817 Lynn Huffines Controller 40 0 X X 222750 0 72546 Angela Farsee Manager, Human Resources 40 0 X X 202238 0 69030 David Revill Manager, Cyber Security 40 0 X X 205765 0 51045 Angela Battle Manager, Transmission Projects 40 0 X X 193107 0 51191 3281009 0 1161546 147 0 1 0 Georgia System Operations Corporation 2100 East Exchange Place Tucker GA 30084 Shared Services and Control Center Operations 30390450 Aubrey Silvey Construction 371 Hamp Jones Rd Carrollton GA 30117 Construction Services 7619335 Pike Electric Inc PO Box 1000 Dept 517 Memphis TN 381480517 Construction Services 6628303 Irby Construction Co 817 S State St Jackson MS 39201 Engineering Services 3543948 Service Electric Company PO Box 3656 1631 East 25th Street Chattanooga TN 37404 Maintenance Services 2585618 213 0 Network Services Revenue 221000 234997812 234997812 0 0 Transmission Rental Income 221000 28646499 28646499 0 0 Other Revenues 221000 6122511 6122511 0 0 0 0 0 0 269766822 11628213 11628213 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 281395035 281395035 0 0 15081338 2663117 16199945 4888244 1275299 346149 13658782 990369 3398087 2006746 199765 71515146 67759172 1037839 Transmission Reservations/Control Center Expenses 12502244 Property/Income Taxes 19840254 Parity Expense 22752527 GSOC SS/OPS charges 23952795 1327217 281395035 0 0 0 40610878 44251682 0 0 28456455 29168944 0 0 0 15117533 14171768 243183160 263970075 2879010409 843528272 1921497998 2035482137 0 0 24787246 24928173 0 0 2273653270 2411972779 260997687 281951859 0 78158 65132 94465000 94465000 0 0 1657268428 1760178206 0 6728208 6115455 2019537481 2142775652 X 254115789 269197127 0 0 0 0 254115789 269197127 2273653270 2411972779 X 0 0 0 0 0 15081338 X 0 1 X 1 0 345888960 0 345888960 134094227 0 54497103 79597124 0 0 0 0 2276291212 0 786152002 1490139210 122736010 0 2879167 119856843 2035482137 Accumulated Provision for Benefits 1564032 Deferred Hedge Settlement 3830695 Gain on Bonds 720728 6115455 X 281395035 0 0 0 0 0 281395035 0 0 0 281395035 266313697 0 0 0 0 0 266313697 0 15081338 15081338 281395035 Schedule D, Part X, Line 2 Schedule D, Part X, Line 2 - Schedule D, Part X, Line 2 - The FASB issued new guidance on Accounting for Uncertainty in Income Taxes. GTC adopted this new guidance for the year ended December 31, 2009. Management has examined GTC's tax positions and concluded that GTC has taken no uncertain tax positions that require adjustments to the financial statements to comply with the provisions of this guidance. GTC is generally not subject to income tax examinations by federal, state or local tax authorities for years before 2012. Schedule D, Part XII, Line 4b The amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2015. The amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2015. X 1 1 X 0 0 0 Raphael Brumbeloe Director 8100 0 0 0 0 0 0 0 0 0 8100 0 0 0 Gary Drake Director 8100 0 0 0 0 0 0 0 0 0 8100 0 0 0 David Dunaway Director 6900 0 0 0 0 0 0 0 0 0 6900 0 0 0 Charles Fendley Director 17640 0 0 0 0 0 0 0 0 0 17640 0 0 0 Michael Goodroe Director 8900 0 0 0 0 0 0 0 0 0 8900 0 0 0 Otis Jones Director 10700 0 0 0 0 0 0 0 0 0 10700 0 0 0 Ronnie Lee Director 8200 0 0 0 0 0 0 0 0 0 8200 0 0 0 Robert L Lewis Director 9300 0 0 0 0 0 0 0 0 0 9300 0 0 0 Steve Rawl Director 11400 0 0 0 0 0 0 0 0 0 11400 0 0 0 Jill Tietjen Director 26400 0 0 0 0 0 0 0 0 0 26400 0 0 0 Tony Tucker Director 8200 0 0 0 0 0 0 0 0 0 8200 0 0 0 Jack Waters Director 10000 0 0 0 0 0 0 0 0 0 10000 0 0 0 Everett Williams Director 9300 0 0 0 0 0 0 0 0 0 9300 0 0 0 Jerry Donovan President, CEO 382174 0 15000 0 33953 0 68165 0 22852 0 522144 0 0 0 Keith Daniel Vice President 253013 0 0 0 12784 0 50772 0 32962 0 349531 0 0 0 Barbara Hampton CFO 359946 0 0 0 22769 0 65320 0 31194 0 479229 0 0 0 Thomas Parker Vice President 221347 0 0 0 13116 0 50741 0 22474 0 307678 0 0 0 Russ Schussler Vice President 222655 0 0 0 9041 0 50919 0 31089 0 313704 0 0 0 David Van Winkle Vice President 226543 0 0 0 9450 0 50723 0 32781 0 319497 0 0 0 John Raese Vice President 223044 0 0 0 10228 0 51761 0 32973 0 318006 0 0 0 Angela Sheffield Vice President 213065 0 0 0 7994 0 51551 0 30502 0 303112 0 0 0 Anne Hicks General Counsel 219366 0 0 0 1661 0 41150 0 29668 0 291845 0 0 0 Lynn Huffines Controller 218698 0 0 0 4052 0 50139 0 22407 0 295296 0 0 0 Angela Farsee Manager, Human Resources 197008 0 0 0 5230 0 46035 0 22995 0 271268 0 0 0 David Revill Manager, Cyber Security 165662 0 8150 0 31952 0 39865 0 11181 0 256810 0 0 0 Angela Battle Manager, Transmission Projects 175254 0 0 0 17853 0 40309 0 10881 0 244297 0 0 0 Schedule J, Part I, Line 1a All Georgia Transmission Corporation officers and qualifying associates are eligible to receive a car allowance. The amount ranges from $6000 to $12000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected in box 1, Form W-2 for each individual receiving an allowance. Car allowances are reviewed annually. With respect to the actual car allowance, no documentation is required to be presented to receive the allowance other than required Board approval. Mileage reimbursement is, however, required to be substantiated prior to receipt of funds. Reimbursement is obtained through submission of an authorized Expense Report. Schedule J, Part I, Line 3 Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. A Development Authority of Burke County Georgia Transmission Corporation Vogtle Project 121342NL9 2012-04-01 94465000 Pollution Control Revenue Bonds 0 0 0 A 0 0 94465000 0 0 0 0 0 0 0 0 0 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 Form 990, Part VI, Section A, Line 6 Georgia Transmission Corporation ("GTC") is a tax exempt 501(c)(12) entity whose membership consists of 38 EMCs in the state of Georgia and Oglethorpe Power Corporation, a Not for Profit Electric Membership Corporation. Form 990, Part VI, Section A, Line 7a The corporation has members who elect members of the governing body as provided for in its bylaws Form 990, Part VI, Section A, Line 7b Certain decisions of the governing body are subject to approval by members as provided for in its bylaws Form 990, Part VI, Section B, Line 11b The preparer is a licensed CPA in the state of Georgia. Information is accumulated from the GTC financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. A draft of form 990 is reviewed by two additional CPA's, one internal to GTC and one external to GTC. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft form 990 is discussed with the reviewer to ensure all review points are cleared. A draft copy of the Form 990 is also submitted to and discussed with the Board. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will be e-filed. Form 990, Part VI, Section B, Line 12c Georgia Transmission Corporation ("GTC") maintains a corporate policy that provides guidelines and standards for the employees and directors of GTC to avoid conflicts of interest or any appearance of conflicts of interest, so that the affairs of GTC may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, GTC Internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members, which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interests exists and what actions need to be taken, Results of the audit are reported to the Audit committee of the Board. Form 990, Part VI, Section B, Line 15 Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. Form 990, Part VI, Section C, Line 19 Currently, Georgia Transmission Corporation publishes its financial statements in pdf format on its website, www.gatrans.com Any governing documents and conflict of interest policy are available on the intercompany document retrieval system, but are available upon request by the general public. Form 990, Part XI, Line 9 amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2015 to the members. For financial reporting purposes, the amount is not yet distributed.