2012-11-08T16:26:50-06:00 2011-12-31 273625988 GOFF & HERRINGTON PC 2833 TED TROUT DRIVE SUITE D LUFKIN TX 75904 990 2011-01-01 752187855 EAST TEXAS ELECTRIC COOPERATIVE INC EAST 9365609532 PO BOX 631623 NACOGDOCHES TX 759631623 RYAN THOMAS 9365609532 2012-11-08 A J GOFF CPA P00297945 9368753317 2012-08-26 2011 2016-02-24 21:20:13Z RYAN THOMAS PO BOX 631623 NACOGDOCHES TX 759631623 276129569 0 X WWW.ETEC.COOP X 1987 TX THE SALE OF ELECTRICITY AT COST TO ITS THREE MEMBERS. 20 20 0 0 0 0 0 0 227976896 257905550 1179990 1288573 7951259 16935446 237108145 276129569 0 0 0 0 118200 141300 0 0 0 224268815 262247325 224387015 262388625 12721130 13740944 687714745 698754861 645322858 648178980 42391887 50575881 THE SALE OF ELECTRICITY AT COST TO ITS THREE MEMBERS. 0 0 PROVIDES ELECTRICAL ENERGY TO THREE ELECTRIC COOPERATIVES WHO PROVIDE ENERGY TO THEIR RESPECTIVE DISTRIBUTION COOPERATIVE MEMBERS WHO IN TURN SELL ELECTRICITY TO THEIR RETAIL MEMBERS. 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 0 0 0 0 0 0 256575299 19554270 0 X 20 20 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X RYAN THOMAS 9365609532 2905 WESTWARD DR NACOGDOCHES TX 759631623 MELODY PINNELL 5.00 X 0 0 0 MARK TAMPLIN 5.00 X 0 0 0 KATHY WOOD 5.00 X 0 0 0 SAM ALLISON 5.00 X 13150 0 0 BASEL GIBBS 5.00 X 13150 0 0 STEVE DELAUGHTER 5.00 X 13150 0 0 FRANKIE B KING 5.00 X 13150 0 0 HILTON LIVELY 5.00 X 13150 0 0 DAN COURMIER 5.00 X 12150 0 0 TRUITT THOMSON 5.00 X 12250 0 0 JP DOBBS JR 5.00 X 12650 0 0 KYLE KUNTZ 7.00 X X 0 0 0 DEBRA ROBINSON 7.00 X X 0 0 0 PAT LINDLEY 5.00 X 12650 0 0 JOHN C DUGAN 7.00 X X 0 0 0 JESSE BANKHEAD 5.00 X 0 0 0 BARRON CHRISTENSEN 5.00 X 0 0 0 GREG JONES 7.00 X X 0 0 0 LARRY WARREN 5.00 X 0 0 0 S W CARTER 5.00 X 12700 0 0 JACK CHEEK 5.00 X 13150 0 0 141300 0 0 0 0 0 0 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 ENGINEER CONSULTANTS 3652245 BRICKFIELD BURCHETTE RITTS & STONE PC 1025 THOMAS JEFFERSON ST WASHINGTON DC 200075201 LEGAL CONSULTANTS 3606778 WOOD GROUP POWER OPERATIONS 12600 DEERFIELD PARKWAY ALPHARETTA GA 30004 ENGINEER CONSULTANTS 2566776 POWER ENGINEERS INC PO BOX 1066 HAILEY ID 83333 ENGINEER CONSULTANTS 343019 SUTHERLAND ASBILL & BRENNAN LLP 999 PEACHTREE STREET NE ATLANTA GA 303093996 LEGAL CONSULTANTS 335073 10 ELECTRIC ENERGY 221000 256575299 256575299 PATRONAGE CAPITAL 221000 1231681 1231681 TRANSMISSION WHEELING 221000 98570 98570 257905550 1288573 1288573 SELLBACK REVENUE 221000 16935446 16935446 16935446 276129569 274840996 0 1288573 141300 3182766 2680623 239060 17760 76524 21296142 19700202 34211 PURCHASE OF ELECTRIC PO 148293961 PURCHASE OF FUEL 42311452 OPERATIONS & MAINTENANC 8640883 OPERATIONS & MAINTENANC 3253240 12520501 262388625 13179416 10460678 17574962 15447874 20602476 21203541 10256806 12261772 4434705 2291457 691245593 76951213 582628045 614294380 39038335 22795159 687714745 698754861 21878661 19608296 623444197 623013737 0 5556947 645322858 648178980 X 15000 15000 0 0 42376887 50560881 42391887 50575881 687714745 698754861 X 13740944 -5556950 X 0 1 1 X 0 691245593 76951213 614294380 614294380 UNREALIZED LOSS ON INTEREST RATE SWAP 5556947 5556947 276129569 262388625 13740944 -5556950 -5556950 8183994 276129569 0 276129569 0 276129569 262388625 0 262388625 0 262388625 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -5,556,950. PART IV, LINE 11 - FIN 48 FOOTNOTE: FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. FOR FEDERAL INCOME TAX PURPOSES THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. FORM 990, PART VI, SECTION A, LINE 4 IN 2011, THE COOPERATIVE AMENDED ITS BY-LAW CONCERNING PATRONAGE CAPITAL TO FURTHER CLARIFY HOW THE BOARD MAY DEAL WITH LOSSES. THE AMENDED BY-LAW PROVIDES THE BOARD THE ABILITY TO ALLOCATE LOSSES TO MEMBERS, OFFSET LOSSES WITH MARGINS FROM FUTURE YEARS, OR OFFSET LOSSES WITH CERTAIN NONOPERATING MARGINS FROM CURRENT OR FUTURE YEARS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF THREE 501(C)(12) TAX EXEMPT GENERATION AND TRANSMISSION COOPERATIVES - SAM RAYBURN ELECTRIC G&T, TEX-LA ELECTRIC G&T, AND NORTHEAST TEXAS ELECTRIC G&T. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE THREE RESPECTIVE MEMBERS APPOINTS REPRESENTATION TO THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER APPOINTED GOVERNING BODY WITH REPRESENTATION FROM EACH MEMBER COOPERATIVE HAS THE AUTHORITY TO APPROVE DECISIONS AND GOVERN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS DETERMINES WHETHER THE FORM 990 WILL BE REVIEWED BY ALL DIRECTORS, AN EXISTING COMMITTEE, OR A SPECIAL COMMITTEE APPOINTED FOR SUCH PURPOSE PRIOR TO FILING. ONCE THE RETURN IS COMPLETED, IT IS PROVIDED TO THE DIRECTORS OR THE COMMITTEE RESPONSIBLE FOR REVIEWING. EMPLOYEES OF THE COOPERATIVE RESPONSIBLE FOR FILING ARE AVAILABLE TO RESPOND TO QUESTIONS OR PROVIDE BACKGROUND AS NEEDED. ONCE THE DIRECTORS RESPONSIBLE FOR REVIEWING THE FORM 990 ARE SATISFIED IT IS COMPLETE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH DIRECTOR MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY KNOWN CONFLICTS OF INTEREST. THE GOVERNING BODY REVIEWS THESE STATEMENTS AND IS RESPONSIBLE FOR ENFORCING THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY SUBMITTING A WRITTEN REQUEST TO THE COOPERATIVE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED LOSS ON INTEREST RATE SWAP -5,556,950. TOTAL TO FORM 990, PART XI, LINE 5: -5,556,950.