2014-08-15T08:43:09-05:00 2013-09-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-10-01 411358662 DISTRICT ENERGY ST PAUL INC DIST 6512978955 76 WEST KELLOGG BLVD ST PAUL MN 55102 ANDREW KASID 6512978955 2014-08-13 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z KENNETH SMITH 76 WEST KELLOGG BLVD ST PAUL MN 55102 33003550 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 69 7 29946 28946 0 0 19069300 20084658 -80598 -7757 726056 436255 19714758 20513156 0 0 0 0 4304292 4408483 0 0 0 13082084 14347908 17386376 18756391 2328382 1756765 55898071 53954571 62584117 60235451 -6686046 -6280880 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 16066382 20490967 IN 2013, DISTRICT ENERGY CONTINUED TO EXPAND ITS EFFORTS FROM ST. PAUL TO EDUCATE THE PUBLIC AND KEY DECISION MAKERS TO IMPROVE OUR ENERGY SYSTEMS AND OVERALL ENERGY COMPREHENSION. EFFORTS INCLUDED THE ENHANCEMENT OF EDUCATIONAL PARTNERSHIPS FOR LOCAL AND NATIONAL AUDIENCES, UTILIZING RELATIONSHIPS WITH THE WILL STEGER FOUNDATION AND THE NATIONAL LEAGUE OF CITIES, AMONG OTHERS. LARGER EVENTS WERE HELD WITH MIDWEST, NATIONAL, AND INTERNATIONAL PARTNERS. MUCH OF THESE EDUCATIONAL EFFORTS WERE FOCUSED ON BROADENING UNDERSTANDING OF HOW DIFFERENT FUELS AND TYPES OF TECHNOLOGIES ARE USED TO PROVIDE ENERGY TO BUILDINGS AND HOW THIS AFFECTS OTHER SECTORS. DISTRICT ENERGY ST. PAUL HAS BEEN A LEADING EXAMPLE FOR USING FLEXIBLE FUEL TYPES AND INCORPORATING WASTE HEAT FROM COMBINED HEAT AND POWER INTO ITS OPERATIONS. THIS TECHNOLOGY APPLICATION WAS OF PARTICULAR INTEREST TO POLICYMAKERS IN 2013, WHICH LED TO ADDITIONAL TOURS OF THE ST. PAUL DISTRICT ENERGY PLANT FOR GOVERNMENT OFFICIALS AND OTHERS SEEKING UTILITY BEST PRACTICES FOR EFFICIENCY. TOURS AND EDUCATION PROGRAMMING WERE ALSO OFFERED TO TEACHERS, STUDENTS, ENGINEERS, ARCHITECTS, AND OTHER ENERGY STAKEHOLDERS. DISTRICT ENERGY ALSO COMPLETED AND SUBMITTED THE REPORT FROM THE ENERGY ISLAND STUDY RESULTS CONCLUDED AT THE BEGINNING OF 2013. THIS REPORT WAS COMPLETED FOR THE DEPARTMENT OF ENERGY AT THE BEHEST OF REPRESENTATIVE BETTY MCCOLLUM, AND INCLUDED ANALYSIS OF WASTE HEAT AND ALTERNATIVE ENERGY OPPORTUNITIES IN ST. PAUL AND ENVIRONS. DATA COMPILED AND RECOMMENDATIONS FROM THIS REPORT ARE BEING USED BY LOCAL AND NATIONAL STAKEHOLDERS. 16066382 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 1 1 1 0 0 1 37 0 69 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 1.00 1.00 X X 0 17900 0 RASSOUL DASTMOZD 1.00 1.00 X 0 0 0 PATRICK HAMILTON 1.00 1.00 X 0 0 0 HARRY MELANDER 1.00 1.00 X 0 0 0 JAMES PEDERSON 1.00 1.00 X 0 0 0 KEN PETERSON 1.00 1.00 X 0 0 0 MARK RANCONE 1.00 1.00 X X 0 0 0 DONOVAN SCHWICHTENBERG 1.00 1.00 X X 0 0 0 KENNETH SMITH 22.10 29.30 X 212175 279995 47616 ANDREW KASID 18.70 33.00 X 88280 155522 34374 MICHAEL BURNS 17.20 30.60 X 80379 143206 38114 ANDERS RYDAKER 8.80 27.70 X 91097 286901 67729 WILLIAM MAHLUM 10.50 31.10 X 92656 275612 61220 MICHAEL AHERN 0.60 52.40 X 2970 279842 33427 JOYCE ANDERSON 20.10 24.70 X 64064 78841 29794 DOUG AUDETTE 29.50 16.80 X 97542 55608 26690 INGVAR LARSSON 1.90 44.30 X 5542 127682 23341 PETER LUJAN 31.10 17.40 X 74321 41390 32740 809026 1742499 395045 1 0 1 0 METRO TRANSIT 560 SIXTH AVENUE NORTH MINNEAPOLIS MN 55411 ENGINEERING & CONSTRUCTION SERVICES 708196 CBI SERVICES INC 1000 REMINGTON BLVD STE 105A BOLINGBROOK IL 60440 ENGINEERING SERVICES 503738 PIONEER POWER INC 570 HATCH AVENUE ST PAUL MN 55117 REPAIR SERVICES 417927 COLLINS 278 STATE STREET ST PAUL MN 55107 REPAIR SERVICES 316219 CKC CONTRACTING 12225 HUDSON ROAD S AFTON MN 55001 REPAIR SERVICES 244841 7 ENERGY SERVICES 221000 20084658 20084658 20084658 69557 69557 12413080 12475881 14513 -62801 -14513 -77314 -77314 AFFILIATE NET INCOME 221000 436255 406309 29946 436255 20513156 20490967 29946 -7757 809040 809040 2428324 1911194 517130 307453 185439 122014 648622 382917 265705 215044 126952 88092 35311 35311 26443 26443 19750 19750 216992 216992 89169 89169 209471 209471 75406 75406 35247 35247 52375 52375 1291928 1291928 2564820 2564820 FUEL AND ENERGY 7922819 7922819 PLANT MAINTENANCE & OTH 1357126 1357126 DISTRIBUTION EXPENSE 323187 323187 EQUIPMENT RENTAL & MAIN 109870 109870 17994 17994 18756391 16066382 2690009 0 545274 2566862 6926348 5009518 1795260 1631494 230874 63019 64243 180251 187046 88420477 52697359 35236519 35723118 7450503 5106347 2584382 2355630 1116515 1079439 55898071 53954571 2209860 1588338 44955000 44955000 5434995 4287986 9984262 9404127 62584117 60235451 X -6686046 -6280880 -6686046 -6280880 55898071 53954571 X 1756765 24267 -1375866 X X 0 1 X 1 0 X X X 0 0 0 CITY OF ST PAUL MN 416005521 6 1 1 1 16066382 1 16066382 0 1 0 0 0 0 1 23336 1 912 0 24248 0 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: 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 26772467 20044593 6727874 60534254 32652766 27881488 158825 158825 35723118 ASSET RETIREMENT OBLIGATION 354226 INTEREST RATE EXCHANGE LIABILITY 105841 NOTE PAYABLE TO THE CITY OF ST. PAUL 8775267 DUE TO AFFILIATES 168793 9404127 X 20100033 24267 24267 20075766 437390 437390 20513156 19694867 1089891 1089891 18604976 151415 151415 18756391 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. THE COMPANY FILES AS A TAX-EXEMPT ORGANIZATION. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR RETURNS FILED PRIOR TO 2010. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: AFFILIATE NET INCOME 437,390. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE DISCOUNT 1,089,891. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUATION OF SWAP AGREEMENTS 151,415. 0 0 0 0 0 0 0 0 0 KENNETH SMITH 153079 202011 59096 77984 0 0 12756 16833 7771 10256 232702 307084 0 0 ANDREW KASID 71830 126540 16450 28982 0 0 8170 14393 4277 7534 100727 177449 0 0 MICHAEL BURNS 64074 114157 16305 29049 0 0 7221 12866 6481 11546 94081 167618 0 0 ANDERS RYDAKER 72579 228579 18518 58322 0 0 13040 41068 3283 10338 107420 338307 0 0 WILLIAM MAHLUM 74698 222193 17958 53419 0 0 11976 35623 3427 10194 108059 321429 0 0 MICHAEL AHERN 2227 209855 743 69987 0 0 162 15238 189 17838 3321 312918 0 0 JOYCE ANDERSON 53372 65682 10692 13159 0 0 10581 13021 2776 3416 77421 95278 0 0 DOUG AUDETTE 78102 44526 19440 11082 0 0 9477 5403 7522 4288 114541 65299 0 0 INGVAR LARSSON 5377 123847 165 3835 0 0 737 16976 234 5394 6513 150052 0 0 SUPPLEMENTAL INFORMATION PART III 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 PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AM0 2009-01-28 12510000 SEE PART VI 0 0 0 B PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AP3 2009-09-10 13435000 SEE PART VI 0 0 0 C PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AR9 2009-09-10 5585000 SEE PART VI 0 0 0 D PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AS7 2009-09-10 3760000 SEE PART VI 0 0 0 A 12570423 1200000 257490 10861525 251408 2009 1 0 1 1 B 13435000 876500 75000 10874944 268700 1339856 2011 1 0 1 1 C 5585000 5585000 2009 1 0 1 1 D 3760000 3760000 2009 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 D 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 1 PIPER JAFFRAY 5.000000000000 0 0 0 0 0 C 0 0 0 1 1 0 0 0 0 D 0 0 0 1 1 0 0 0 0 A 1 B 1 C 1 D 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 12/02/2013 ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 11/05/2013 ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 11/05/2013 ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 11/05/2013 ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 11/05/2013 ISSUER NAME: PORT AUTHORITY OF THE CITY OF ST. PAUL DATE THE REBATE COMPUTATION WAS PERFORMED: 11/05/2013 SCHEDULE K SUPPLENTAL INFORMATION BOND ISSUE A - ISSUE PRICE: THE ISSUE PRICE LISTED IN PART I, COLUMN E FOR BOND A IS THE STATED REDEMPTION PRICE AT MATURITY. THE ACTUAL ISSUE PRICE PER THE FORM 8038 IS 12,570,423 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE OF BOND ISSUES BOND ISSUE - CUSIP# 852298AM0: THE 501(C)(3) BONDS WERE ISSUED TO FUND NEW CONSTRUCTION AND REFUND BONDS ISSUED ON 12/22/1982. BOND ISSUE - CUSIP# 852298AP3: THE 501(C)(3) BONDS WERE ISSUED TO FUND NEW CONSTRUCTION AND REFUND BONDS ISSUED ON 07/22/1997, 10/07/1999, 05/14/2003, 05/12/2005, 09/07/2006. BOND ISSUE - CUSIP# 852298AR9: THE EXEMPT FACILITY BONDS WERE ISSUED TO REFUND BONDS ISSUED ON 04/21/2005 AND 09/28/2006. BOND ISSUE - CUSIP# 852298AS7: THE EXEMPT FACILITY BONDS WERE ISSUED TO REFUND BONDS ISSUED ON 04/23/2003. BOND ISSUE - CUSIP# 852298AT5: THE EXEMPT FACILITY BONDS WERE ISSUED TO FUND NEW CONSTRUCTION. BOND ISSUE - CUSIP# 852298AZ1: THE EXEMPT FACILITY BONDS WERE ISSUED TO FUND NEW CONSTRUCTION. SCHEDULE K, PART III, LINES 4-6 PRIVATE BUSINESS USE FOR EXEMPT FACILITY BONDS BOND ISSUES - CUSIP# 852298AR9, 852298AS7, 852298AT5: DISTRICT ENERGY FUNDS SYSTEM EXPANSIONS THROUGH THE ISSUANCE OF 501(C)(3) TAX-EXEMPT BONDS, EXEMPT FACILITY TAX-EXEMPT BONDS, AND TAXABLE BONDS. FOR A PORTION OF THE DISTRIBUTION SYSTEM FUNDING, DISTRICT ENERGY ISSUES EXEMPT FACILITY, PRIVATE ACTIVITY TAX-EXEMPT BONDS WHICH ARE USED IN PART TO FUND NON-GOVERNMENTAL USES. THESE PROJECT COSTS ARE ELIGIBLE FOR THE EXEMPT FACILITY, TAX-EXEMPT BONDING AS PROVIDED IN IRC SECTION 142. A PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AT5 2009-09-25 4665000 SEE PART VI 0 0 0 B PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AZ1 2012-06-07 5000000 SEE PART VI 0 0 0 A 4665000 304300 199000 93000 4068700 2011 0 0 1 1 B 5000000 325000 80000 95000 4367752 132248 2013 0 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 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 2013. 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 22.10 HOURS/WK 232,702/YR DISTRICT COOLING ST PAUL, INC 11.10 HOURS/WK 116,163/YR EVER-GREEN ENERGY LLC 18.20 HOURS/WK 190,921/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 51.40 HOURS/WK 539,786/YR ANDREW KASID, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 18.70 HOURS/WK 100,727/YR DISTRICT COOLING ST PAUL, INC 8.40 HOURS/WK 45,205/YR EVER-GREEN ENERGY LLC 17.40 HOURS/WK 93,689/YR RENEWABLE ENERGY INNOVATIONS LLC 7.20 HOURS/WK 38,555/YR TOTAL 51.70 HOURS/WK 278,176/YR MICHAEL BURNS, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 17.20 HOURS/WK 94,081/YR DISTRICT COOLING ST PAUL, INC 5.40 HOURS/WK 29,704/YR EVER-GREEN ENERGY LLC 25.20 HOURS/WK 137,914/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 47.80 HOURS/WK 261,699/YR MICHAEL AHERN, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 0.60 HOURS/WK 3,321/YR DISTRICT COOLING ST PAUL, INC 0.30 HOURS/WK 1,771/YR EVER-GREEN ENERGY LLC 36.50 HOURS/WK 218,078/YR RENEWABLE ENERGY INNOVATIONS LLC 15.60 HOURS/WK 93,069/YR TOTAL 53.00 HOURS/WK 316,239/YR ANDERS RYDAKER, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 8.80 HOURS/WK 107,420/YR DISTRICT COOLING ST PAUL, INC 4.30 HOURS/WK 52,195/YR EVER-GREEN ENERGY LLC 14.10 HOURS/WK 172,585/YR RENEWABLE ENERGY INNOVATIONS LLC 9.30 HOURS/WK 113,527/YR TOTAL 36.50 HOURS/WK 445,727/YR WILLIAM MAHLUM, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 10.50 HOURS/WK 108,059/YR DISTRICT COOLING ST PAUL, INC 4.60 HOURS/WK 47,802/YR EVER-GREEN ENERGY LLC 11.90 HOURS/WK 123,049/YR RENEWABLE ENERGY INNOVATIONS LLC 14.60 HOURS/WK 150,578/YR TOTAL 41.60 HOURS/WK 429,488/YR JOYCE ANDERSON, NON-PROFIT CONTROLLER DISTRICT ENERGY ST PAUL, INC 20.10 HOURS/WK 77,421/YR DISTRICT COOLING ST PAUL, INC 13.60 HOURS/WK 52,414/YR EVER-GREEN ENERGY LLC 11.00 HOURS/WK 42,639/YR RENEWABLE ENERGY INNOVATIONS LLC 0.10 HOURS/WK 225/YR TOTAL 44.80 HOURS/WK 172,699/YR DOUG AUDETTE, DIRECTOR OF PRODUCTION DISTRICT ENERGY ST PAUL, INC 29.50 HOURS/WK 114,541/YR DISTRICT COOLING ST PAUL, INC 6.00 HOURS/WK 23,145/YR EVER-GREEN ENERGY LLC 10.80 HOURS/WK 42,154/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 46.30 HOURS/WK 179,840/YR PETE LUJAN, PLANT SUPERINTENDANT DISTRICT ENERGY ST PAUL, INC 31.10 HOURS/WK 95,350/YR DISTRICT COOLING ST PAUL, INC 9.20 HOURS/WK 28,057/YR EVER-GREEN ENERGY LLC 8.20 HOURS/WK 25,044/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 48.50 HOURS/WK 148,451/YR INGVAR LARSSON, SENIOR ENERGY ENGINEER DISTRICT ENERGY ST PAUL, INC 1.90 HOURS/WK 6,513/YR DISTRICT COOLING ST PAUL, INC 0.10 HOURS/WK 328/YR EVER-GREEN ENERGY LLC 9.70 HOURS/WK 32,833/YR RENEWABLE ENERGY INNOVATIONS LLC 34.50 HOURS/WK 116,891/YR TOTAL 46.20 HOURS/WK 156,565/YR CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE DISCOUNT -1,089,891. AFFILIATE NET INCOME -437,390. CHANGE IN VALUATION OF SWAP AGREEMENTS 151,415. 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 437390 4745013 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 -276621 713632 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 132746 FAIR MARKET VALUE DISTRICT COOLING ST PAUL INC Q 329505 AMOUNT PAID DISTRICT COOLING ST PAUL INC P 467688 AMOUNT PAID EVER-GREEN ENERGY LLC A 29660 AMOUNT PAID EVER-GREEN ENERGY LLC O 5647887 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC N 21648 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC D 700000 BOOK COSTS/VALUE