2014-05-06T07:55:53-05:00 2013-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2013-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 M DALE BRADSHAW CHIEF EXECUTIVE OFFICER 8048342424 2014-04-25 CHRIS BANTA P01361221 5403450936 2013 2015-11-30 17:44:51Z M DALE BRADSHAW 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 33640309 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 8 8 51 0 0 0 0 0 33480635 33329126 74374 308663 2341 2520 33557350 33640309 0 0 1307438 1567724 1022788 918964 0 0 0 31679593 30747793 34009819 33234481 -452469 405828 62845207 65660937 34371992 36586601 28473215 29074336 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 33550192 SALE AND DISTRIBUTION OF ELECTRICY TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 51 1 0 0 0 0 0 0 0 32941221 699088 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JILL MCKENZIE 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 HERBERT F SCOTT JR VICE CHAIRMAN 1.00 X X 10600 0 0 PAUL H BROWN CHAIRMAN 1.00 X X 18100 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 1.00 X X 11200 0 0 JOHN M BROCK JR DIRECTOR 1.00 X 13850 0 0 CHRISTOPHER T PARKER DIRECTOR 1.00 X 10600 0 0 HERBERT R PATRICK SECRETARY - TREASURER 1.00 X X 17450 0 0 MATTHEW P CARDEN DIRECTOR 1.00 X 6450 0 0 RANDOLPH G WILLIAMS DIRECTOR 1.00 X 15800 0 0 M DALE BRADSHAW CHIEF EXECUTIVE OFFICER 40.00 X 265773 0 19121 MICHEAL EDWARD MALANDRO MANAGER OF ENGINEERING 40.00 X 127322 0 17746 ROBERT HOWARD HALL MANAGER OF COOPERATIVE SER 40.00 X 118962 0 12145 GLENN F CHAPPELL FORMER CHAIRMAN 0.00 X 8550 0 0 DR ALBERT W THWEATT FORMER DIRECTOR 0.00 X 14950 0 0 639607 0 49012 3 1 1 0 LEWIS TREE SERVICE PO BOX 8000 BUFFALO NY 14267 TREE AND BUSH TRIMMING 700329 MYDATARACK INC 6 MCCUTCHEON AVE COLUMBIA VA 23038 COMPUTER SUPPORT 184702 TEREX EQUIPMENT SERVICES 11072 WASHINGTON HIGHWAY GLEN ALLEN VA 23059 TRUCK MODIFICATIONS 148911 3 ELECTRICITY TO MEMBERS 221000 32941221 32941221 PATRONAGE ALLOCATIONS 221000 297788 297788 POLE RENTAL 221000 90117 90117 33329126 308663 308663 OTHER NON-OPERATING INCOME 900099 2520 2520 2520 33640309 33550192 0 90117 1567724 639571 279393 52261 41975 14302 138636 279528 82698 25134 1382047 2228359 11865 COST OF POWER 21850799 DISTRIBUTION MAINTENANC 1916181 DISTRIBUTION OPERATION 1104178 CONSUMER ACCOUNTS 1009638 610192 33234481 894656 2468594 3992183 3561029 961824 981054 208627 1832396 67436750 24748760 42981070 42687990 13722543 13999953 84304 129921 62845207 65660937 5321912 229976 26064611 33124757 2985469 3231868 34371992 36586601 X 0 0 0 0 28473215 29074336 28473215 29074336 62845207 65660937 X 405828 195293 X X 0 1 X 1 0 1879156 1879156 6048479 1340244 4708235 59080652 23408516 35672136 428463 428463 42687990 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 468896 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 21200 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 12847950 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 478422 C VARIOUS MEMBERSHIP FEES 1025 C 13999953 CONSUMER DEPOSITS 1094793 OTHER CURRENT AND ACCRUED LIABILITIES 734002 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 237343 RESERVE FOR STORM DAMAGE 445928 DEFERRED CREDITS 612690 DEFERRED COMPENSATION LIABILITY 107112 3231868 33640309 0 33640309 0 33640309 31666757 0 31666757 1567724 1567724 33234481 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS X X X 0 0 0 M DALE BRADSHAW CHIEF EXECUTIVE OFFICER 265773 0 0 0 0 0 5100 0 14021 0 284894 0 0 0 GLENN F CHAPPELL FORMER CHAIRMAN 0 0 0 0 8550 0 0 0 0 0 8550 0 0 0 DR ALBERT W THWEATT FORMER DIRECTOR 0 0 0 0 14950 0 0 0 0 0 14950 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PRINCE GEORGE ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST WHETHER ACTUAL OR PERCEIVED ARE PROHIBITED. ANY CONFLICT OR POTENTIAL CONFLICT MUST BE REPORTED TO CEO, CHAIRMAN OF BOARD, COMPLIANCE OFFICER, OR AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 PGEC UTILIZES 3RD PARTY CONTRACTOR TO DETERMINE SALARY RANGES. THESE ARE BASED ON POSITION, GEOGRAPHIC LOCATION, AND COMPARISON TO OTHER ORGANIZATIONS FORM 990, PART VI, SECTION C, LINE 19 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: CHANGE IN MEMBERSHIPS 550. CHANGE IN OTHER COMPREHENSIVE INCOME -861. CHANGE IN CAPITAL CREDITS 195,604. FORM 990, PART XII, LINE 2C: THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.