2013-11-15T10:34:40-06:00 2012-12-31 263195732 CONNOR MCMILLON MITCHELL & SHENNUM PLLC PO BOX 15650 AMARILLO TX 791055650 990 2012-01-01 751941060 GOLDEN SPREAD ELECTRIC COOPERATIVE INC GOLD 8063797766 PO BOX 9898 AMARILLO TX 791055898 JACQUELINE HUMPHREY 8063797766 2013-11-14 1 GARY D MITCHELL P00005725 8063736661 2012 2016-02-25 16:41:14Z MARK SCHWIRTZ PO BOX 9898 AMARILLO TX 791055898 204292417 0 X WWW.GSEC.COOP X 1984 TX RURAL ELECTRIFICATION 32 32 47 0 0 0 315158 321864 152326105 190980828 14553781 12921978 2637600 -85790 169832644 204138880 0 0 0 0 5035550 6932766 0 0 0 117759843 156505658 122795393 163438424 47037251 40700456 935879710 939001919 634396232 596817985 301483478 342183934 X THE MISSION OF GOLDEN SPREAD ELECTRIC COOPERATIVE IS TO ENGAGE IN LONG TERM POWER SUPPLY PLANNING, NEGOTIATION AND SECURING OF RELIABLE POWER SUPPLY RESOURCES FOR ITS MEMBERS, AND TO ACT JOINTLY WITH ITS MEMBER SYSTEMS TO CONTINUE TO PROVIDE AND DEVELOP DEPENDABLE, LOW COST ELECTRIC SERVICE AND OTHER NEEDED SERVICES TO ENHANCE THE QUALITY OF LIFE FOR THEIR MEMBER/CONSUMERS. 0 0 GOLDEN SPREAD ELECTRIC COOPERATIVE, INC. IS A CONSUMER-OWNED WHOLESALE ELECTRIC POWER SUPPLIER FOR RURAL ELECTRIC DISTRIBUTION COOPERATIVES. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 121 0 1 47 1 0 0 0 0 0 195754160 8538257 0 X 32 32 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ GA IN X JACQUELINE HUMPHREY 8063797766 905 S FILLMORE STREET SUITE 300 AMARILLO TX 79101 JAMES BATTON 6.00 2.30 X 26300 0 0 VICK CHRISTIAN 4.20 2.20 X 18000 0 0 STEVE LOUDER 4.70 2.20 X 21900 0 0 DARRELL STEPHENS 6.10 2.30 X 27000 0 0 DAVID MARRICLE 5.70 2.30 X 24000 0 0 ROGER BRYAN 5.40 2.20 X 17250 0 0 BOBBY FUCHS 6.80 2.30 X 12050 0 0 ROLAND WITT 5.90 2.30 X 29400 0 0 JEFF COPELAND 4.80 2.20 X 19500 0 0 KELLY LANKFORD 6.80 2.40 X 36750 0 0 STEVE GEE 4.00 2.20 X 20250 0 0 STAN MCCLENDON 6.00 2.40 X 34600 0 0 DELBERT SMITH 8.10 2.30 X 15000 0 0 BOYD MCCAMISH 5.30 2.20 X 9800 0 0 JIM STEWARD 4.20 2.20 X 18100 0 0 GAYLORD GROCE 5.70 2.30 X 28500 0 0 BILL HARBIN 5.70 2.30 X 27800 0 0 EARL BROWN 4.80 2.20 X 28500 0 0 ROGER BLACKWELDER 9.00 2.30 X 19500 0 0 GREG HENLEY 5.50 2.20 X 29300 0 0 CARL WILLIAMS 7.00 2.30 X 8250 0 0 FREDDA BUCKNER 8.00 2.30 X 24450 0 0 DAVID SELL 8.60 2.30 X 30000 0 0 RANDY MAHANNAH 5.30 2.20 X 20300 0 0 BRENT WHEELER 5.10 2.20 X 30000 0 0 JIMMY STOKES 5.70 2.30 X 25500 0 0 TOMMY JOINES 5.50 2.20 X 27000 0 0 DALE ANCELL 6.70 2.30 X 18750 0 0 JAMES DRIVER 5.30 2.40 X 10500 0 0 WILLIAM WHITTEN 7.20 2.30 X 28650 0 0 STEVE WILLIAMS 5.70 2.30 X 28550 0 0 JIMIE REED 5.40 2.20 X 21050 0 0 DARRYL SCHRIVER 8.70 2.30 X 21750 0 0 CECIL DAVIS 6.80 2.30 X 21750 0 0 LARRY HODGES 4.20 2.20 X 18000 0 0 JACK PERKINS 4.20 2.20 X 15750 0 0 MARK SCHWIRTZ 47.00 3.00 X 474717 0 377203 JACQUELINE HUMPHREY 34.00 6.00 X 183212 0 91507 MICHAEL WISE 63.50 1.00 X 213231 0 94036 RANDY ALLISON 37.70 2.40 X 214982 0 71125 STEVE CROSS 40.00 0.00 X 84207 0 19761 MARY HEKMAN 38.50 1.50 X 256166 0 107338 MELODY GILLIS 47.90 1.50 X 140453 0 79443 SHANE MCMINN 45.00 0.00 X 143893 0 75288 STEVE WIEGAND 46.00 2.00 X 140558 0 69914 MATT MOORE 50.00 0.00 X 148519 0 73008 WILLIAM PIPPIN 33.90 6.20 X 140558 0 60843 2954246 0 1119466 18 0 1 0 ZACHRY INDUSTRIAL INC 5601 W INTERSTATE 40 AMARILLO TX 79106 EPC CONTRACTOR 29200851 WARTSILA NORTH AMERICA INC 16330 AIR CENTER BLVD HOUSTON TX 77032 ORIGINAL EQUIP MANUFACTURE 9161547 GE INTERNATIONAL INC PO BOX 848301 DALLAS TX 75284 ORIGINAL EQUIP MANUFACTURE 4100346 PIC GROUP INC 3838 N SAM HOUSTON PARKWAY E HOUSTON TX 77032 O&M CONTRACTOR 2837045 CH GUERNSEY INC PO BOX 960012 OKLAHOMA CITY OK 73196 CONSULTING 2302135 37 321864 321864 WHOLESALE POWER 221000 182187100 182187100 PATRON SOURCE EARNINGS 221000 8458524 8458524 PATRONAGE INCOME 221000 335204 335204 190980828 12921978 12921978 67747 153537 -85790 -85790 -85790 204138880 190980828 0 12836188 3001235 1942301 795453 873207 320570 1085962 1510081 413021 619537 326230 153548 24581368 14614180 1184718 FUEL EXPENSE 51597125 TRANSMISSION EXPENSE 37874795 PLANT OPS & MGT 5971852 PLANT MAINTENANCE 3355014 13218227 163438424 1096260 619322 77836605 170700850 131380867 46870271 388068825 94515349 1611439 3249488 12584283 17963873 655423502 132176245 140832465 523247257 182468966 81835509 935879710 939001919 81214975 36311051 512746318 539315909 40434939 21191025 634396232 596817985 X 0 0 12545725 12545725 288937753 329638209 301483478 342183934 935879710 939001919 40700456 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2826033 2826033 547351536 104274072 443077464 105245933 27902173 77343760 523247257 ACCRUED INTEREST RECEIVABLE 4537503 INVESTMENTS IN ASSOCIATED COMPANIES 23529053 OTHER MATERIALS & SUPPLIES 6314838 SUPPLEMENTAL PENSION 556906 DEBT ISSUANCE COSTS 2778980 INVESTMENTS-AMARILLO CLUB 1125 LAND HELD FOR FUTURE USE 427470 ESCROW FUNDS 10843976 REGULATORY ASSETS 2124792 ANTELOPE - PHASE II 386923 COMPRESSOR - FCGS 2639705 FUNDS HELD BY TRUSTEE 15015128 WIND POWER PROJECTS -10494 ERCOT GENERATION SITE 103995 SPP ADDITIONAL PEAKER - 2015 4648917 GAS TURBINE - UNIT #2 3872596 GAS TURBINE - UNIT #3 3884096 MUSTANG UNIT FLEX INSTALLATION 180000 81835509 ACCRUED EMPLOYEE VACATION 456940 ACCRUED LIAB-OVER ACCRUED REVENUE 6981329 SUPPLEMENTAL PENSION LIABILITY 556906 ACCRUED INTEREST EXPENSE 7801472 OTHER ACCRUED EXPENSES 278898 DEFERRED CREDITS 1293556 ACCRUED PROPERTY TAX 3751924 ACCRUED FRANCHISE TAX 70000 21191025 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: GOLDEN SPREAD ELECTRIC COOPERATIVE, INC. (COOPERATIVE) ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF GAAP. THE PRIMARY TAX POSITIONS OF THE COOPERATIVE ARE ITS FILING STATUS AS A TAX EXEMPT ENTITY AND ITS NEED TO AVOID EXCEEDING A CERTAIN PERCENTAGE OF ITS INCOME FROM NONMEMBERS TO MAINTAIN ITS TAX-EXEMPT STATUS. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT, THAT THEIR TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE IRS, OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. FOR THE THREE YEARS ENDED DECEMBER 31, 2012, THE COOPERATIVE PAID NO INCOME TAXES. X 1 1 X X X X 1 1 0 MARK SCHWIRTZ 469867 0 4850 0 0 0 348419 0 28784 0 851920 0 0 0 JACQUELINE HUMPHREY 181302 0 1910 0 0 0 60196 0 31311 0 274719 0 0 0 MICHAEL WISE 210083 0 3148 0 0 0 65838 0 28198 0 307267 0 0 0 RANDY ALLISON 156637 0 0 0 58345 0 55155 0 15970 0 286107 0 0 0 MARY HEKMAN 251146 0 5020 0 0 0 93780 0 13558 0 363504 0 0 0 MELODY GILLIS 137853 0 2600 0 0 0 52167 0 27276 0 219896 0 0 0 SHANE MCMINN 141627 0 2266 0 0 0 46768 0 28520 0 219181 0 0 0 STEVE WIEGAND 138488 0 2070 0 0 0 43692 0 26222 0 210472 0 0 0 MATT MOORE 146991 0 1528 0 0 0 47096 0 25912 0 221527 0 0 0 WILLIAM PIPPIN 139162 0 1396 0 0 0 37711 0 23132 0 201401 0 0 0 PART I, LINE 1A AIR TRAVEL IS OCCASIONALLY CHARTERED IN ORDER FOR DIRECTORS TO ATTEND BOARD MEETINGS. SUCH CHARTERED FLIGHTS ARE BOOKED WHEN MONETARILY SIMILAR AND/OR ADVANTAGEOUS COMPARED TO COMMERCIAL FLIGHTS OR MILEAGE DUE TO THE SIGNIFICANT TRAVEL REQUIREMENTS OF VARIOUS MEMBER COOPERATIVES IN REMOTE PARTS OF TEXAS. MULTIPLE DIRECTORS PARTICIPATE IN A SINGLE CHARTERED FLIGHT. PART I, LINES 4A-B LINE 4A - RANDY ALLISON, VICE PRESIDENT OF PRODUCTION, TERMINATED HIS EMPLOYMENT ON 8/10/12. IN ADDITION TO COMPENSATION EARNED IN 2012 (SEE PART II, COLUMNS B(I)), SEVERANCE PAY DETERMINED PURSUANT TO THE EXISTING EMPLOYMENT CONTRACT IS REPORTED IN PART II, COLUMN B(III) IN THE AMOUNT OF $58,345. LINE 4B - SEE PART II COLUMN(C) DEFERRED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 ONE CLASS OF MEMBERS EXISTS WITH EACH MEMBER COOPERATIVE HAVING EQUAL REPRESENTATION ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER COOPERATIVE HAS TWO BOARD POSITIONS REPRESENTING THE VOTING GOVERNING BODY (16 MEMBER COOPERATIVES EQUATES TO 32 VOTING POSITIONS ON THE BOARD). THE MANAGER OF EACH MEMBER COOPERATIVE IS ELECTED BY THE RESPECTIVE MEMBER COOPERATIVE AND FILLS ONE OF THE TWO POSITIONS. THE SECOND POSITION IS ELECTED FROM EACH EXISTING MEMBER COOPERATIVE'S BOARD BY THAT MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF THE MEMBER COOPERATIVES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 FOR THIS COMPANY WAS PREPARED BY AN OUTSIDE CPA FIRM AND REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS SUBMIT FEDERAL ENERGY REGULATORY COMMISSION (FERC) ANNUAL REPORT OF INTERLOCKING POSITIONS (FORM 561) FOR GOLDEN SPREAD ELECTRIC COOPERATIVE INC. FORM 990, PART VI, SECTION B, LINE 15 OUTSIDE PROFESSIONAL COMPENSATION CONSULTANTS ARE RETAINED TO PREPARE SALARY RANGES FOR EACH POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. POLICY QUESTIONS AS APPLICABLE TO THE ORGANIZATION'S DISREGARDED ENTITY. FORM 990, PART VI, SECTION B, LINES 12-15: DENVER CITY ENERGY ASSOCIATES, LP IS A DISREGARDED ENTITY OWNED BY THE ORGANIZATION AND REPORTED ON SCHEDULE R, PART I. THE POLICY QUESTIONS ANSWERED "YES" ON FORM 990, PART IV, LINES 12 THROUGH 15 ALSO APPLY TO THE DISREGARDED ENTITY. DENVER CITY ENERGY ASSOCIATES LP PO BOX 9898 AMARILLO TX 79105 751941060 ELECTRIC GENERATION TX 24363511 0 GOLDEN SPREAD ELECTRIC COOPERATIVE INC MID-TEX GENERATION & TRANSMISSION ELECTRIC COOPERATIVE INC PO BOX 9898 AMARILLO TX 79105 752157834 RURAL ELECTRIFICATION TX 501(C)(12) GOLDEN SPREAD ELECTRIC COOPERATIVE INC 1 GS ELECTRIC GENERATING COOPERATIVE INC PO BOX 9898 AMARILLO TX 79105 752658840 RURAL ELECTRIFICATION TX 501(C)(12) GOLDEN SPREAD ELECTRIC COOPERATIVE INC 1 YOAKUM ELECTRIC GENERATING COOPERATIVE INC PO BOX 9898 AMARILLO TX 79105 202505072 RURAL ELECTRIFICATION TX 501(C)(12) GOLDEN SPREAD ELECTRIC COOPERATIVE INC 1 ANTELOPE ELECTRIC GENERATING COOPERATIVE INC PO BOX 9898 AMARILLO TX 79105 200872883 RURAL ELECTRIFICATION TX 501(C)(12) GOLDEN SPREAD ELECTRIC COOPERATIVE INC 1 FORT CONCHO GAS STORAGE INC PO BOX 9898 AMARILLO TX 79105 263430270 GAS STORAGE FACILITY TX GOLDEN SPREAD ELECTRIC COOPERATIVE INC C 23231279 1.00000 1 GOLDEN SPREAD PANHANDLE WIND RANCH LLC PO BOX 9898 AMARILLO TX 79105 263144595 ELECTRIC GENERATION TX GOLDEN SPREAD ELECTRIC COOPERATIVE INC C 116363322 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 FORT CONCHO GAS STORAGE INC A 517234 COST GOLDEN SPREAD PANHANDLE WIND RANCH LLC A 3681707 COST ANTELOPE ELECTRIC GENERATING COOPERATIVE INC A 3130796 COST GS ELECTRIC GENERATING COOPERATIVE INC A 1565398 COST YOAKUM ELECTRIC GENERATING COOPERATIVE INC A 2072667 COST FORT CONCHO GAS STORAGE INC D 7085403 BALANCE AT 12/31/12 GOLDEN SPREAD PANHANDLE WIND RANCH LLC D 87429946 BALANCE AT 12/31/12 FORT CONCHO GAS STORAGE INC N 12000 COST GOLDEN SPREAD PANHANDLE WIND RANCH LLC N 60000 COST ANTELOPE ELECTRIC GENERATING COOPERATIVE INC N 60000 COST GS ELECTRIC GENERATING COOPERATIVE INC N 60000 COST YOAKUM ELECTRIC GENERATING COOPERATIVE INC N 60000 COST FORT CONCHO GAS STORAGE INC O 75542 COST GOLDEN SPREAD PANHANDLE WIND RANCH LLC O 160722 COST ANTELOPE ELECTRIC GENERATING COOPERATIVE INC O 133947 COST GS ELECTRIC GENERATING COOPERATIVE INC O 370930 COST YOAKUM ELECTRIC GENERATING COOPERATIVE INC O 113340 COST ANTELOPE ELECTRIC GENERATING COOPERATIVE INC S 38023593 BOOK VALUE AT 6/30/12 GS ELECTRIC GENERATING COOPERATIVE INC S 43484748 BOOK VALUE AT 6/30/12 YOAKUM ELECTRIC GENERATING COOPERATIVE INC S 15902229 BOOK VALUE AT 6/30/12 ANTELOPE ELECTRIC GENERATING COOPERATIVE INC D 138447472 BALANCE AT 6/30/12 GS ELECTRIC GENERATING COOPERATIVE INC D 69223736 BALANCE AT 6/30/12 ANTELOPE ELECTRIC GENERATING COOPERATIVE INC D 79512877 BALANCE AT 6/30/12 SCHEDULE R, PAGE 1, PART I AND PART II DENVER CITY ENERGY ASSOCIATES LP, GS ELECTRIC GENERATING COOPERATIVE INC., YOAKUM ELECTRIC GENERATING COOPERATIVE INC., AND ANTELOPE ELECTRIC GENERATING COOPERATIVE INC. MERGED INTO GOLDEN SPREAD ELELCTRIC COOPERATIVE INC. (DIRECT CONTROLLING ENTITY) ON 6/30/2012.