2013-05-06T14:37:26-05:00 2012-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2012-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 M DALE BRADSHAW 8048342424 2013-04-23 CHRIS BANTA P01361221 5403450936 2012 2016-02-25 16:41:14Z M DALE BRADSHAW 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 33557350 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 50 0 0 0 0 0 34045506 33480635 35969 74374 30070 2341 34111545 33557350 0 0 1496250 1307438 941754 1022788 0 0 0 31664142 31679593 34102146 34009819 9399 -452469 59802728 62845207 30811240 34371992 28991488 28473215 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 33469765 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 29 0 1 50 1 0 0 0 0 0 0 0 33096250 461100 0 X 9 9 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 GLENN F CHAPPELL 1.00 X X 17750 0 0 HERBERT F SCOTT JR 1.00 X X 10250 0 0 PAUL H BROWN 1.00 X X 18100 0 0 RICHARD B SCOTT 1.00 X X 10700 0 0 JOHN M BROCK JR 1.00 X 15400 0 0 CHRISTOPHER T PARKER 1.00 X 8400 0 0 HERBERT R PATRICK 1.00 X 16850 0 0 DR ALBERT W THWEATT 1.00 X 20500 0 0 RANDOLPH G WILLIAMS 1.00 X 19000 0 0 M DALE BRADSHAW 40.00 X 255094 0 11624 MICHEAL EDWARD MALANDRO 40.00 X 115014 0 1977 ROBERT HOWARD HALL 40.00 X 114749 0 5710 621807 0 19311 3 0 1 0 OLD DOMINION ELECTRIC COOPERATIVE 4201 DOMINION BLVD GLEN ALLEN VA 23060 POWER SUPPLY 19031831 SPX TRANSFORMERS SOLUTIONS INC PO BOX 277322 ATLANTA GA 30384 LINE MATERIALS 1065518 LEWIS TREE SERVICE PO BOX 8000 BUFFALO NY 14267 RIGHT OF WAY 927841 AUBREY SILVEY ENTERPRISES INC PO BOX 8900093 CHARLOTTE NC 28289 SUBSTATION CONSTRUCTION 744866 TARHEEL ELECTRIC MEMBER ASSOCIATION INC PO BOX 601640 CHARLOTTE NC 28262 LINE MATERIALS 621268 7 ELECTRICITY TO MEMBERS 221000 33096250 33096250 PATRONAGE ALLOCATIONS 221000 296800 296800 POLE RENTAL 221000 87585 87585 33480635 24766 24766 49608 0 49608 49608 49608 OTHER NON-OPERATING INCOME 900099 2341 2341 2341 33557350 33469765 0 87585 1307438 392044 630744 109503 18785 13054 153877 255164 87930 40475 1279053 2148202 16500 COST OF POWER 22450643 DISTRIBUTION MAINTENANC 2530422 DISTRIBUTION OPERATION 1182837 CONSUMER ACCOUNTS 847746 545402 34009819 1349414 894656 3999195 3992183 736274 961824 188771 208627 65869129 22888059 40027999 42981070 13445259 13722543 55816 84304 59802728 62845207 2144559 5321912 25576569 26064611 3090112 2985469 30811240 34371992 X 0 0 0 0 28991488 28473215 28991488 28473215 59802728 62845207 X -452469 -65804 X X 0 1 X 1 0 1879156 1879156 6048479 1180047 4868432 57580696 21708012 35872684 360798 360798 42981070 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 467326 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 21200 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 12589078 C TEC STOCK 172500 C PATRONAGE CAPITAL ALLOCATIONS 461454 C VARIOUS MEMBERSHIP FEES 1025 C 13722543 CONSUMER DEPOSITS 1098974 OTHER CURRENT AND ACCRUED LIABILITIES 524928 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 301080 RESERVE FOR STORM DAMAGE 379385 DEFERRED CREDITS 619607 DEFERRED COMPENSATION LIABILITY 61495 2985469 33557350 0 33557350 0 33557350 32702381 0 32702381 1307438 1307438 34009819 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS X X X 0 0 0 M DALE BRADSHAW 255094 0 0 0 0 0 0 0 11624 0 266718 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 435. CHANGE IN OTHER COMPREHENSIVE INCOME -155,646. CHANGE IN CAPITAL CREDIT GAINS 89,407. THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.