2015-08-14T15:08:08-05:00 2014-09-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2013-10-01 411358662 DISTRICT ENERGY ST PAUL INC DIST 6512978955 76 WEST KELLOGG BLVD ST PAUL MN 55102 ANDREW KASID EXECUTIVE VICE PRESIDENT, CFO 6512978955 2015-08-14 1 LAWRENCE H MOHR CPA P00447603 6128764500 2013 2016-03-07 17:11:31Z KENNETH SMITH 76 WEST KELLOGG BLVD ST PAUL MN 55102 32829573 0 X WWW.DISTRICTENERGY.COM X 1979 MN TO DEVELOP, CONSTRUCT, & OPERATE A DISTRICT HEATING SYSTEM FOR ST. PAUL, MINNESOTA & ADJACENT AREAS THAT BENEFITS ITS CUSTOMERS, COMMUNITY AND THE ENVIRONMENT. 7 7 75 7 123615 91588 0 0 20084658 22104373 -7757 13084 436255 -1041400 20513156 21076057 0 14250 0 0 4408483 4756157 0 0 0 14347908 17522731 18756391 22293138 1756765 -1217081 53954571 64140854 60235451 71810397 -6280880 -7669543 X TO DEVELOP, CONSTRUCT, AND OPERATE A HOT WATER DISTRICT HEATING SYSTEM TO SERVE THE CENTRAL BUSINESS DISTRICT AND ADJACENT AREAS OF THE CITY OF ST. PAUL, MINNESOTA THAT PROVIDES BENEFIT TO OUR CUSTOMERS, THE COMMUNITY AND ENVIRONMENT. 0 0 19704376 14250 20939358 RELIABILITY IS IMPORTANT TO OUR CUSTOMERS AND TO THE ESSENTIAL FUNCTIONS OF GOVERNMENT AND COMMERCE IN DOWNTOWN SAINT PAUL. IN 2014, DISTRICT ENERGY ST PAUL FACED THE UNIQUE CHALLENGE OF PROVIDING HEATING SERVICES THROUGH THE COLDEST WINTER IN 35 YEARS THAT INCLUDED TWO POLAR VORTEXES AND A STREAK OF 17 DAYS BELOW ZERO (35 TOTAL DAYS BELOW ZERO). WE FACED THE ADDITIONAL CHALLENGE OF LIMITATIONS ON NATURAL GAS AVAILABILITY DUE TO HIGH DEMAND, DISTRIBUTION LIMITATIONS, AND A MAJOR PIPELINE DISRUPTION. THROUGH ALL OF THIS, DISTRICT ENERGY ST PAUL WAS ABLE TO PROVIDE CONTINUOUS, RELIABLE SERVICE TO OUR CUSTOMERS. THIS WAS MADE POSSIBLE BY OUR DEDICATED STAFF, CONTINGENCY PLANNING, FUEL FLEXIBILITY, AND INTENTIONAL APPROACH TO REDUNDANCY. IN 2014, DISTRICT ENERGY ST. PAUL LAID THE GROUNDWORK FOR THE SAINT PAUL ECODISTRICT, A SCIENCE, TECHNOLOGY, AND EDUCATION PLATFORM ESTABLISHED TO PROMOTE SUSTAINABILITY AND INFORM THE COMMUNITY. THIS WORK IS BEING LED BY A GROUP OF LOCAL CIVIC PARTNERS, INCLUDING THE CITY OF SAINT PAUL, SAINT PAUL RIVERCENTRE AND XCEL ENERGY CENTER, SCIENCE MUSEUM OF MINNESOTA, AND VISIT SAINT PAUL. THE INITIAL PHASE OF THE PROJECT WAS COMPLETED, WITH THE LAUNCH OF NEW TOUR SIGNAGE FOR THE DISTRICT ENERGY PLANT AND WINDOW EDUCATION SIGNAGE TO EDUCATE THE LOCAL COMMUNITY AND VISITORS. ADDITIONAL EDUCATION WORK WAS COMMITTED TO ADVANCE ENERGY COMPREHENSION FOR LOCAL LEGISLATORS AND GOVERNMENT OFFICIALS. THIS INCLUDED TOURS, PRESENTATIONS, SEMINARS, AND PARTICIPATION IN LOCAL ADVISORY GROUPS ADDRESSING THE CHANGING ENERGY NEEDS IN THE CITY OF SAINT PAUL AND STATE OF MINNESOTA. 19704376 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 40 0 75 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAM SARNE 6519258247 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 X GEORGE FREMDER CHAIR (10/1/13 - 12/13/13) 1.00 1.00 X X 0 16000 0 RASSOUL DASTMOZD DIRECTOR 1.00 1.00 X 0 0 0 PATRICK HAMILTON DIRECTOR 1.00 1.00 X 0 0 0 JAMES PEDERSON VICE CHAIR 1.00 1.00 X X 0 0 0 KEN PETERSON DIRECTOR 1.00 1.00 X 0 0 0 MARK RANCONE CHAIR (12/13/13 - 9/30/14) 1.00 1.00 X X 0 0 0 KRISTINA TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 DAVID YBARRA DIRECTOR 1.00 1.00 X 0 0 0 KENNETH SMITH PRESIDENT 25.60 25.70 X 252301 253313 49771 ANDREW KASID EXEC VICE PRES & CFO 23.40 28.90 X 129710 160689 36584 MICHAEL BURNS SVP - OPERATIONS 16.63 30.90 X 84150 156073 40134 ANDERS RYDAKER EVP - SUSTAINABLE ENERGY SOLUTIONS 11.92 16.20 X 127327 172954 57095 WILLIAM MAHLUM EVP - GENERAL COUNSEL 16.12 16.30 X 178837 180321 53913 CATHERINE HART SVP ADMINISTRATION 18.60 29.00 X 83503 130339 16400 MICHAEL AHERN SVP - PROJECT DEVELOPMENT 2.50 50.00 X 11745 234812 34859 JOYCE ANDERSON VP ACCOUNTING 3.12 2.60 X 85463 70690 30693 DOUG AUDETTE DIRECTOR OF PRODUCTION 31.73 16.50 X 92989 48353 28038 INGVAR LARSSON SR. ENERGY ENGINEER 1.25 38.70 X 3452 123472 24442 PETER LUJAN PLANT MANAGER 35.06 12.70 X 86326 31300 34390 PAMELA SARNE VP ACCOUNTING 13.10 35.20 X 31840 85867 26128 1167643 1664183 432447 4 0 1 0 PIONEER POWER INC 570 HATCH AVENUE ST PAUL MN 55117 REPAIR SERVICES 433323 CBI SERVICES INC 1000 REMINGTON BLVD STE 105A BOLINGBROOK IL 60440 ENGINEERING SERVICES 419411 METRO TRANSIT 560 SIXTH AVENUE NORTH MINNEAPOLIS MN 55411 ENGINEERING & CONSTRUCTION SERVICES 375914 COLLINS 278 STATE STREET ST PAUL MN 55107 REPAIR SERVICES 329654 CORVAL CONSTRUCTORS 1633 EUSTIS STREET ST PAUL MN 55108 REPAIR SERVICES 301416 9 ENERGY SERVICES 221000 21876684 21876684 AFFILIATE NET INCOME 221000 227689 104074 123615 22104373 100245 100245 11666355 11706151 47365 -39796 -47365 -87161 -87161 LOSS ON DEBT REFINANCING 900099 -1041400 -1041400 -1041400 21076057 20939358 123615 13084 14250 14250 839025 839025 2809644 2237224 572420 329321 201927 127394 551691 338276 213415 226476 138866 87610 86377 86377 22122 22122 21000 21000 254351 254351 39980 39980 144547 144547 88426 88426 37773 37773 54322 54322 2173718 2173718 2524546 2524546 PY UBI TAXES PAID 7179 7179 FUEL AND ENERGY 10183700 10183700 PLANT MAINTENANCE & OTH 1308407 1308407 DISTRIBUTION EXPENSE 407232 407232 169051 169051 22293138 19704376 2588762 0 2566862 3320781 5009518 8405987 1631494 1841631 230874 495252 64243 148095 187046 66515 90242803 53482755 35723118 36760048 5106347 9745211 2355630 2579639 1079439 777695 53954571 64140854 1588338 3616620 44955000 27560000 4287986 40024362 9404127 609415 60235451 71810397 X -6280880 -7669543 -6280880 -7669543 53954571 64140854 X -1217081 1583 -173165 X X 0 1 X 1 0 X X X 0 0 0 CITY OF ST PAUL MN 416005521 6 1 1 1 19690126 1 19690126 0 1 0 0 0 0 1 21788 1 139 0 21927 0 PART I-A, LINE 1: DISTRICT ENERGY'S LOBBYING ACTIVITY CONSISTS OF EDUCATING FEDERAL AND STATE LEGISLATORS AND MUNICIPAL SUBDIVISIONS OF THE STATE OF MINNESOTA ABOUT DISTRICT ENERGY: WHO WE ARE, WHAT WE DO, AND HOW LEGISLATIVE ACTIVITIES MAY AFFECT OUR CUSTOMERS. 954931 954931 26508407 19908550 6599857 62535521 33574205 28961316 243944 243944 36760048 ASSET RETIREMENT OBLIGATION 373708 DUE TO AFFILIATES 235707 609415 X 20848922 1583 1583 20847339 228718 228718 21076057 22237585 50288 50288 22187297 105841 105841 22293138 PART X, LINE 2: THE COMPANY FOLLOWS THE ACCOUNTING POLICY THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR RETURNS FILED FOR THE YEARS PRIOR TO 2013. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: AFFILIATE NET INCOME 228,718. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE DISCOUNT 50,288. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUATION OF SWAP AGREEMENTS 105,841. 1 SAINT PAUL RIVERFRONT CORPORATION 25 WEST SIXTH STREET SAINT PAUL MN 55102 363350557 501(C)(3) 6000 GENERAL OPERATIONS PUBLIC ART SAINT PAUL 351 KELLOGG BOULEVARD EAST SAINT PAUL MN 55101 411596908 501(C)(3) 5000 GENERAL OPERATIONS WILL STEGER FOUNDATION 2801 21ST AVENUE SOUTH SUITE 110 MINNEAPOLIS MN 55407 020712905 501(C)(3) 3250 GENERAL OPERATIONS 3 0 PART I, LINE 2: DISTRICT ENERGY ST PAUL PARTNERED WITH ORGANIZATIONS TO RAISE AWARENESS OF COMMUNITY ENERGY SYSTEMS, THE SAINT PAUL ECODISTRICT, AND THE PLUME PROJECT, WHICH WILL LAUNCH IN 2015 AND SERVE AS A PLATFORM TO PROMOTE THE INTERSECTION OF ART, TECHNOLOGY, SUSTAINABILITY, AND COMMUNITY. 1 0 0 0 0 0 0 0 0 KENNETH SMITH PRESIDENT 190625 191389 61676 61924 0 0 15126 15186 9710 9749 277137 278248 0 0 ANDREW KASID EXEC VICE PRES & CFO 99650 123449 30060 37240 0 0 10663 13209 5678 7034 146051 180932 0 0 MICHAEL BURNS SVP - OPERATIONS 72950 135299 11200 20774 0 0 7242 13432 6817 12643 98209 182148 0 0 ANDERS RYDAKER EVP - SUSTAINABLE ENERGY SOLUTIONS 117038 158977 10289 13977 0 0 18820 25563 5390 7322 151537 205839 0 0 WILLIAM MAHLUM EVP - GENERAL COUNSEL 148929 150164 29908 30157 0 0 19510 19672 7335 7396 205682 207389 0 0 CATHERINE HART SVP ADMINISTRATION 72081 112511 11422 17828 0 0 1577 2461 4827 7535 89907 140335 0 0 MICHAEL AHERN SVP - PROJECT DEVELOPMENT 10094 201800 1651 33012 0 0 734 14666 927 18532 13406 268010 0 0 JOYCE ANDERSON VP ACCOUNTING 11273 9324 2776 2296 71414 59070 13281 10986 3517 2909 102261 84585 0 0 DOUG AUDETTE DIRECTOR OF PRODUCTION 83930 43642 9059 4711 0 0 10083 5243 8363 4349 111435 57945 0 0 INGVAR LARSSON SR. ENERGY ENGINEER 3398 121526 54 1946 0 0 500 17867 165 5910 4117 147249 0 0 PETER LUJAN PLANT MANAGER 84771 30736 1555 564 0 0 14428 5231 10811 3920 111565 40451 0 0 PART I, LINE 4A JOYCE ANDERSON, VP OF ACCOUNTING, RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $130,484. SCHEDULE J, PART I, LINE 3: THE ORGANIZATION'S OFFICERS ARE COMPENSATED FROM ITS RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC. THE COMPENSATION REPORTED AS REPORTABLE COMPENSATION FROM THE ORGANIZATION IS THE AMOUNT PAID BY DISTRICT ENERGY ST. PAUL, INC. TO EVER-GREEN ENERGY, LLC. THE FOLLOWING WERE USED BY EVER-GREEN ENERGY, LLC TO DETERMINE THE COMPENSATION OF THE PRESIDENT: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE A HOUSING AND REDEVLOPMENT AUTHORITY OF THE CITY OF ST PAUL 521440935 792901AT7 2013-10-21 18640000 SEE PART VI 0 0 0 B HOUSING AND REDEVLOPMENT AUTHORITY OF THE CITY OF ST PAUL 521440935 792901AU4 2013-10-21 3690000 SEE PART VI 0 0 0 C HOUSING AND REDEVLOPMENT AUTHORITY OF THE CITY OF ST PAUL 521440935 NONEAVAIL 2013-10-21 5230000 SEE PART VI 0 0 0 A 18640000 18640000 2014 1 0 1 1 B 3690000 3690000 2014 1 0 1 1 C 5230000 5230000 2014 1 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 C 0 0 0 0 1 0 1 A 0 0 0 1 1 1 DUETSCHE BANK AG 10.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 DEUTSCHE BANK AG 10.000000000000 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE OF BOND ISSUES: BOND ISSUE - CUSIP# 792901 AT7 - BONDS WERE ISSUED TO REFUND PRIOR BOND ISSUES. 2013A (501(C)(3)). BOND ISSUE - CUSIP# 792901 AU4 - BONDS WERE ISSUED TO REFUND PRIOR BOND ISSUES. 2013B (NON-AMT). BOND ISSUE - CUSIP# N/A (PRIVATE PLACEMENT) - BONDS WERE ISSUED TO REFUND PRIOR BOND ISSUES. 2013C (501(C)(3)). FORM 990, PART VI, SECTION A, LINE 3 A RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC PROVIDES MANAGEMENT SERVICES AND STAFF TO DISTRICT ENERGY ST. PAUL, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AS FOLLOWS: THREE MEMBERS ARE ELECTED BY CUSTOMERS OF DISTRICT ENERGY ST. PAUL, INC., THREE MEMBERS ARE APPOINTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF ST. PAUL, AND THE SEVENTH MEMBER IS ELECTED BY THE OTHER SIX BOARD MEMBERS. CUSTOMERS ARE DEFINED AS PERSONS EXECUTING A HOT WATER DELIVERY AGREEMENT. FORM 990, PART VI, SECTION A, LINE 7B A RATE CHANGE IMPLEMENTED BY THE ORGANIZATION REQUIRES APPROVAL FROM THE CITY OF ST. PAUL. A CHANGE TO THE UNIFORM PROVISIONS REQUIRES APPROVAL OF THE ORGANIZATION'S CUSTOMERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY AN OFFICER OF THE ORGANIZATION AND PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES AND THEIR FAMILY MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY, INTERESTS THAT COULD GIVE RISE TO CONFLICTS, WHETHER FINANCIAL OR FIDUCIARY IN NATURE, ON FORMS PROVIDED BY EVER-GREEN ENERGY, LLC. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS ARE COMPENSATED FROM A RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC. EXECUTIVE COMPENSATION IS ESTABLISHED BY REVIEW OF COMPARABILITY DATA AND CONSIDERATION OF OTHER APPROPRIATE FACTORS SUCH AS THE AVAILABILITY OF SIMILAR SERVICES IN THE SAME GEOGRAPHIC AREA. THE BASIS FOR SUCH DECISIONS IS DOCUMENTED AT THE TIME THE DECISION IS MADE. ALL OFFICERS OF THE COMPANY UNDERWENT THIS PROCESS IN THE FALL OF 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE OFFICERS/KEY EMPLOYEES/HIGHEST PAID EMPLOYEES OF DISTRICT ENERGY ST PAUL,INC. ALSO SERVED AS OFFICERS/KEY EMPLOYEES/HIGHEST PAID EMPLOYEES OF RELATED ORGANIZATIONS. THEIR AVERAGE HOURS PER WEEK AND COMPENSATION FROM EACH ORGANIZATION WERE AS FOLLOWS: HOURS/WEEK SALARY/BENEFITS KENNETH SMITH, PRESIDENT DISTRICT ENERGY ST PAUL, INC 25.60 HOURS/WK 277,137/YR DISTRICT COOLING ST PAUL, INC 13.30 HOURS/WK 143,567/YR EVER-GREEN ENERGY LLC 12.40 HOURS/WK 134,681/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 51.30 HOURS/WK 555,385/YR ANDREW KASID, EXECUTIVE VICE PRESIDENT, CFO DISTRICT ENERGY ST PAUL, INC 23.40 HOURS/WK 146,051/YR DISTRICT COOLING ST PAUL, INC 14.30 HOURS/WK 89,482/YR EVER-GREEN ENERGY LLC 10.30 HOURS/WK 64,282/YR RENEWABLE ENERGY INNOVATIONS LLC 4.30 HOURS/WK 27,168/YR TOTAL 52.30 HOURS/WK 326,983/YR MICHAEL BURNS, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 16.60 HOURS/WK 98,209/YR DISTRICT COOLING ST PAUL, INC 7.20 HOURS/WK 42,334/YR EVER-GREEN ENERGY LLC 23.70 HOURS/WK 139,814/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 47.50 HOURS/WK 280,357/YR MICHAEL AHERN, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 2.50 HOURS/WK 13,406/YR DISTRICT COOLING ST PAUL, INC 1.00 HOURS/WK 5,407/YR EVER-GREEN ENERGY LLC 48.50 HOURS/WK 259,731/YR RENEWABLE ENERGY INNOVATIONS LLC 0.50 HOURS/WK 2,872/YR TOTAL 52.50 HOURS/WK 281,416/YR ANDERS RYDAKER, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 11.90 HOURS/WK 151,537/YR DISTRICT COOLING ST PAUL, INC 4.90 HOURS/WK 61,688/YR EVER-GREEN ENERGY LLC 10.80 HOURS/WK 136,889/YR RENEWABLE ENERGY INNOVATIONS LLC 0.5 HOURS/WK 7,262/YR TOTAL 28.10 HOURS/WK 357,376/YR WILLIAM MAHLUM, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 16.10 HOURS/WK 205,682/YR DISTRICT COOLING ST PAUL, INC 8.00 HOURS/WK 102,410/YR EVER-GREEN ENERGY LLC 8.30 HOURS/WK 104,979/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 32.40 HOURS/WK 413,071/YR JOYCE ANDERSON, VICE PRESIDENT, ACCOUNTING DISTRICT ENERGY ST PAUL, INC 3.10 HOURS/WK 102,261/YR DISTRICT COOLING ST PAUL, INC 2.00 HOURS/WK 66,274/YR EVER-GREEN ENERGY LLC 0.60 HOURS/WK 18,311/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 5.70 HOURS/WK 186,846/YR DOUG AUDETTE, DIRECTOR OF PRODUCTION DISTRICT ENERGY ST PAUL, INC 31.70 HOURS/WK 111,435/YR DISTRICT COOLING ST PAUL, INC 6.20 HOURS/WK 21,816/YR EVER-GREEN ENERGY LLC 10.30 HOURS/WK 36,129/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 48.20 HOURS/WK 169,380/YR PETE LUJAN, PLANT MANAGER DISTRICT ENERGY ST PAUL, INC 35.10 HOURS/WK 111,565/YR DISTRICT COOLING ST PAUL, INC 10.50 HOURS/WK 33,489/YR EVER-GREEN ENERGY LLC 2.20 HOURS/WK 6,962/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 47.80 HOURS/WK 152,016/YR INGVAR LARSSON, SENIOR ENERGY ENGINEER DISTRICT ENERGY ST PAUL, INC 1.30 HOURS/WK 4,117/YR DISTRICT COOLING ST PAUL, INC 1.10 HOURS/WK 4,707/YR EVER-GREEN ENERGY LLC 16.80 HOURS/WK 63,710/YR RENEWABLE ENERGY INNOVATIONS LLC 20.80 HOURS/WK 78,832/YR TOTAL 40.00 HOURS/WK 151,366/YR CATHERINE HART, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 18.60 HOURS/WK 89,907/YR DISTRICT COOLING ST PAUL, INC 9.20 HOURS/WK 44,520/YR EVER-GREEN ENERGY LLC 19.70 HOURS/WK 95,427/YR RENEWABLE ENERGY INNOVATIONS LLC 0.10 HOURS/WK 388/YR TOTAL 47.60 HOURS/WK 230,242/YR PAMELA SARNE, VICE PRESIDENT, ACCOUNTING DISTRICT ENERGY ST PAUL, INC 13.10 HOURS/WK 38,921/YR DISTRICT COOLING ST PAUL, INC 7.30 HOURS/WK 21,750/YR EVER-GREEN ENERGY LLC 25.90 HOURS/WK 77,154/YR RENEWABLE ENERGY INNOVATIONS LLC 2.00 HOURS/WK 6,010/YR TOTAL 48.30 HOURS/WK 143,835/YR FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE DISCOUNT -50,288. AFFILIATE NET INCOME -228,718. CHANGE IN VALUATION OF SWAP AGREEMENTS 105,841. FORM 990, PART XII, LINE 2C THE SELECTION AND OVERSIGHT PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS HAVE NOT CHANGED FROM PRIOR YEAR. DISTRICT COOLING ST PAUL INC 76 WEST KELLOGG BOULEVARD ST PAUL MN 55102 411637962 DEVELOP, CONSTRUCT, AND OPERATE A DISTRICT COOLING SYSTEM MN 501(C)(3) LINE 11C, III-FI N/A 0 CITY OF ST PAUL MINNESOTA 15 WEST KELLOGG BOULEVARD ST PAUL MN 55102 416005521 GOVERNMENT MN 501(C)(3) LINE 6 N/A 0 EVER-GREEN ENERGY LLC 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 411938761 CONSULTING & MANAGEMENT SERVICES MN DISTRICT ENERGY ST PAUL INC RELATED 228718 3638902 0 1 0.99000 RENEWABLE ENERGY INNOVATIONS LLC 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 203081500 UTILITIES MN EVER-GREEN ENERGY LLC C -195201 144910 0.99000 1 1 0 0 1 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0 DISTRICT COOLING ST PAUL INC J 146859 FAIR MARKET VALUE DISTRICT COOLING ST PAUL INC Q 376425 AMOUNT PAID DISTRICT COOLING ST PAUL INC P 425880 AMOUNT PAID EVER-GREEN ENERGY LLC A 25377 AMOUNT PAID EVER-GREEN ENERGY LLC O 6305848 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC N 20174 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC D 700000 BOOK COSTS/VALUE