2012-11-09T14:52:20-06:00 2011-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH STREET PO BOX 5125 SIOUX FALLS SD 571175125 990 2011-01-01 721560392 SOUTHERN MONTANA ELECTRIC G & T COOPERATIVE INC SOUT 4062949527 7250 ENTRYWAY DRIVE BILLINGS MT 59101 LEE FREEMAN 4062949527 2012-11-05 1 LAURIE HANSON P00851848 6053391999 2012-11-05 2011 2016-02-24 21:20:13Z X LEE FREEMAN 7250 ENTRYWAY DRIVE BILLINGS MT 59101 55117724 0 X WWW.SMEGT.NET X 2003 MT TO PROVIDE ELECTRICAL POWER TO 5 RURAL ELECTRIC UTILITY COOPERATIVES AND 1 LOCAL MUNICIPALITY. 6 6 14 0 0 0 0 0 51209229 55080388 118438 37336 73622 0 51401289 55117724 0 133 0 0 565456 863985 0 0 0 48260494 83306317 48825950 84170435 2575339 -29052711 115232934 114500019 96837777 125157573 18395157 -10657554 TO PROVIDE COST-BASED, COMPETITIVELY-PRICED ENERGY AND RELATED SERVICES TO OUR MEMBERS, CONSISTENT WITH THE WISE USE OF OUR MONTANA RESOURCES. 0 0 PROVIDING ELECTRICAL POWER TO FIVE RURAL ELECTRIC UTILITY COOPERATIVES & ONE LOCAL MUNICIPALITY 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 20 0 1 14 1 0 0 0 0 0 53427722 1689790 0 X 6 6 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 0 1 1 0 0 X THE ORGANIZATION 4062949527 7250 ENTRYWAY DRIVE BILLINGS MT 59101 WILLIAM FITZGERALD 4.00 X X 6250 0 0 JOHN PRINKKI 4.00 X X 2000 0 0 JOE DIRKSON 8.00 X X 7250 0 0 GERHARD HELM 10.00 X 3000 0 0 DAVE KELSEY 5.00 X 3750 0 0 BOB JONES 0.00 X 0 0 0 ARLEEN BOYD 2.00 X 0 0 0 GREG DOYON 0.00 X 0 0 0 TIM GREGORI 48.70 X 173460 30000 116361 ALAN SEE 38.00 X 0 0 0 195710 30000 116361 1 0 1 0 STANLEY CONSULTANTS 8000 S CHESTER STREET SUITE 500 CENTENNIAL CO 80112 ENGINEERING SERVICES 1370357 EDWARDS FRICKLE & CULVER PO BOX 20039 BILLINGS MT 59104 LEGAL SERVICES 371412 DOAK & ASSOCIATES PO BOX 1875 BILLINGS MT 59103 LEGAL SERVICES 153228 ELECTRICAL CONSULTANTS INC 3521 GABEL ROAD BILLINGS MT 59102 ENGINEERING SERVICES 128044 4 SALE OF ELECTRICITY 221000 54999583 54999583 OTHER NON-OPERATING 900099 80045 80045 CAPITAL CREDITS 221000 760 760 55080388 37336 37336 55117724 55080388 0 37336 133 274773 348645 195990 44577 1062866 46081 419899 39246 74149 384282 88015 250 7460405 63263 309209 COST OF POWER 68479172 TERMINATION COSTS 3770642 BANK FEES 76805 METERING - TELEPHONE 50140 981893 84170435 600 1189384 28444167 540 6519848 6652644 268909 1497954 92980310 349594 1438856 92630716 66317 78560554 12462464 115232934 114500019 7568594 24636318 85000000 93691255 4269183 6830000 96837777 125157573 X 0 0 0 0 18395157 -10657554 18395157 -10657554 115232934 114500019 -29052711 0 X X 0 0 0 1360002 1360002 431536 349594 81942 91188772 91188772 92630716 OTHER DEFERRED DEBITS 228939 PREPAID WATER RIGHTS 1186062 DEPOSITS - RENT 5000 PRELIMINARY SURVEY & INVESTIGATIONS 230764 DUE FROM CENTRAL MONTANA 585365 DUE FROM SME ELECTRIC G&T COOP 7901 UNAMORTIZED DEBT EXPENSE 3523798 CAPITALIZED INTEREST 5691135 CFC COLLATERAL PAYMENT 1003500 12462464 MEMBER DEPOSITS 5297500 OTHER LONG-TERM LIABILITIES 1532500 6830000 X X 0 0 0 TIM GREGORI 173460 30000 0 0 0 0 89654 0 28830 0 291944 30000 0 0 INDEPENDENT ELECTRICITY SUPPLY SERVICE TIM GREGORI IS THE CEO OF INDEPENDENT ELECTRICITY SUPPLY SERVICE 1571861 PURCHASE OF POWER AT ARMS-LENGTH. 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS MADE UP OF SIX MEMBERS, OF WHICH FIVE ARE DISTRIBUTION COOPERATIVES AND ONE IS A MUNICIPALITY. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SYSTEM OF THE COOPERATIVE DESIGNATES ONE TRUSTEE TO REPRESENT THEIR SYSTEM ON SOUTHERN MONTANA ELECTRIC'S BOARD. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT HAS REVIEWED THE PREPARED FORM 990 PRIOR TO SUBMITTAL. A COPY OF THE FORM WAS PROVIDED TO EACH MEMBER OF THE COOPERATIVE PRIOR TO THE SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE CEO/GENERAL MANAGER'S COMPENSATION BASED ON THEIR USE OF COMPENSATION AND BENEFIT INFORMATION PROVIDED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION, WHICH GIVES COMPARABLE SALARY AND BENEFIT DATA OF COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. AN AUDIT OF THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2011 WAS IN PROGRESS AT THE TIME FORM 990 WAS FILED. THE FILING ORGANIZATION FILED FOR CHAPTER 11 BANKRUPTCY IN OCTOBER 2011. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FOR THE YEAR ENDED DECEMBER 31, 2011 NO MARGINS WERE ALLOCATED TO MEMBERS. SME ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE INC PO BOX 80152 BILLINGS MT 59108 262937372 LANDOWNER MT NONE C 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1