2012-07-16T15:37:46-05:00 2011-12-31 990 2011-01-01 640367992 SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION SOUT 6012682083 PO BOX 15849 HATTIESBURG MS 394045849 RAYMOND HALEY 6012682083 2012-07-12 2011 2016-02-24 21:20:13Z JAMES COMPTON PO BOX 15849 HATTIESBURG MS 394045849 766688322 0 X HTTP://WWW.SMEPA.COOP/ X 1941 MS PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNER COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 22 22 391 0 0 0 0 0 779545767 766642929 28893 40007 0 0 779574660 766682936 1064562 101000 29100000 29388000 32473034 34298536 0 0 0 716937064 702895400 779574660 766682936 0 0 1283119735 1393255444 1074782466 1155530175 208337269 237725269 PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNER COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 0 0 PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO MORE THAN 400,000 METERS IN MISSISSIPPI. SOUTH MISSISSIPPI ELECTRIC AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2011 SOUTH MISSISSIPPI ELECTRIC PROVIDED MEMBER SYSTEMS WITH 10,166,058 MWH OF ENERGY. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 391 1 0 0 0 0 0 747375434 19267495 0 X 22 22 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MS X RAYMOND HALEY 6012682083 7037 HWY 49 N HATTIESBURG MS 39401 BILLY BERRY 4.40 X 15200 0 0 JT DUDLEY JR 2.40 X 10400 0 0 FRANK ELY 3.50 X 8800 0 0 ROY C GRAFE 4.00 X 4800 0 0 WILLIAM H HARDIN 3.20 X X 16800 0 0 LEE HEDEGAARD 6.10 X 15200 0 0 KEITH HURT 6.40 X 16800 0 0 CHARLES LOPEZ 3.30 X 17600 0 0 DON JORDAN 10.40 X X 23200 0 0 GREG KITCHENS 2.00 X 12800 0 0 MACK MAULDIN 3.00 X X 20800 0 0 PERCY MCCAA 4.70 X 20800 0 0 BRUCE MCCAFFERY 3.30 X 6400 0 0 JOHN MOSLEY 5.80 X 16000 0 0 BOB OCCHI 5.10 X 16000 0 0 JOHN B REED 4.80 X 13600 0 0 RW ROBERTSON 2.90 X 16000 0 0 JOE SHELTON III 3.00 X 13600 0 0 CH SHELTON 3.40 X 17600 0 0 JERRY SISCO 6.10 X 9600 0 0 RANDY SMITH 2.10 X 9600 0 0 WILLIAM D SMITH 6.60 X 16000 0 0 LOUIS THOMPSON 3.10 X 16800 0 0 RANDY WALLACE 5.50 X 16000 0 0 HENRY C WATERER JR 12.00 X X 31200 0 0 JAMES COMPTON 50.00 X 465400 0 45648 RAYMOND HALEY 45.00 X 235359 0 79410 MARCUS WARE 50.00 X 291114 0 92957 NATHAN BROWN 50.00 X 255313 0 75693 TERRY LEE 44.40 X 210095 0 129988 JAMES B EDWARDS 59.00 X 201079 0 46184 BRAD WOLFE 40.00 X 183893 0 47648 ROGER SMITH 50.00 X 165900 0 85119 CHARLES STUART 42.00 X 146985 0 89174 JERRY PIERCE 40.00 X 146287 0 43609 2683025 0 735430 21 0 1 0 THE SAXON GROUP 790 BROGDON RD SUWANEE GA 30024 GENERATING PLT CONSTRUCTION 26911141 URS CORPORATION 9400 AMBERGLEN BLVD AUSTIN TX 78729 GENERATING PLT CONSTRUCTION 17625587 BURNS & MCDONNELL ENGINEERING 9400 WARD PARKWAY KANSAS CITY MO 64114 ENGINEERING, PROCURE, CONSTRUCTION 13268316 MIDWEST UNDERGROUND TECHNOLOGY 2626 MIDWEST COURT CHAMPAIGN IL 61822 ENGINEERING MICROWAVE COMM. 6231192 IRBY CONSTRUCTION 817 S STATE STREET JACKSON MS 39201 ENGINEERING MICROWAVE COMM. 5174226 52 SALES TO MEMBERS 221000 747375434 747375434 SALES TO NON-MEMBERS 221000 13108314 13108314 PROGRAM RELATED INVEST 221000 5522672 5522672 BY PRODUCT SALES 221000 636509 636509 766642929 45393 5386 40007 40007 40007 766682936 766682936 0 0 101000 29388000 2263566 21623940 4882815 3386248 2141967 809385 127848 90074 308270 67715 1267321 477123 237089 38085484 43467754 959324 POWER PURCH FOR RESALE 432967200 COAL, NAT. GAS, NUCLEAR 130298595 GENERATION PLANT O & M 28733191 TRANS SYSTEM O & M 20892610 4106417 766682936 245291 2375884 15690619 30360985 72127889 62407533 73002350 65279626 99251106 94358451 1748323070 665070757 967453834 1083252313 55259533 55126116 89113 94536 1283119735 1393255444 88215612 84350487 59645000 55605000 657973383 757012846 71520000 43725000 197428471 214836842 1074782466 1155530175 X 0 0 0 0 208337269 237725269 208337269 237725269 1283119735 1393255444 0 29388000 X X 0 1 1 X 1 1 33571558 33571558 271638722 150716142 120922580 1398711 907568 491143 1087630797 457661425 629969372 354083282 55785622 298297660 1083252313 PROVISION FOR PENSIONS & BENEFITS 9303800 NUCLEAR DECOMMISSIONING OBLIGATION (ARO) 53861440 DEFERRED CREDIT - PURCHASE POWER AGREEMENT 1320800 DEFERRED CREDITS - GAS HEDGING 42287335 DEFERRED CREDITS - POWER COST ADJ C/F 15496943 DEFERRED CREDIT - ECONOMIC DEVELOPMENT & GRANT 3413074 CLEAN AIR (CAIR) PERMITS 5496985 POWER SUPPLY DEVELOPMENT FUND 25000000 MEMBER PREPAYMENTS 56457646 MEDICAL INSURANCE CONTRIBUTIONS 2198819 214836842 766682936 766682936 0 761120257 0 761120257 5562679 5562679 766682936 731732257 0 731732257 34950679 34950679 766682936 PART XII DESCRIPTION: FORM 990 REVENUE INCLUDES NET GAIN ON ASSET SALES. AUDITED FINANCIALS INCLUDE THIS $40,007 AS A "CONTRA-EXPENSE". AUDITED FINANCIALS INCLUDE INTEREST INCOME AND PATRONAGE CAPITAL INCOME AS SEPARATE LINE ITEMS FOLLOWING OPERATING EXPENSES: FORM 990 INCLUDES THIS AMOUNT, $5,522,772, IN REVENUES. PART XIII DESCRIPTION: SEE EXPLANATION FOR PART XII ABOVE. ADDITIONALLY, 2011 ANNUAL NET MARGIN ON AUDITED FINANCIALS IS REPORTED AS EXPENSE ON FORM 990 SINCE THE MARGINS ARE ALLOCATED BACK TO MEMBERS AS PATRONAGE CAPITAL ($29,388,000). 1 NATIONAL WILD TURKEY FEDERATION 770 AUGUSTA RD EDGEFIELD SC 29824 570564993 501(C)(3) 6000 ENERGY FOR WILDLIFE SIMPSON COUTH DEV FOUNDATION PO BOX 60 TAYLORSVILLE MS 39168 640243969 501(C)(12) 30000 ECONOMIC DEVELOPMENT COINGTON CO CHAMBER OF COMMERCE PO BOX 60 TAYLORSVILLE MS 39168 640243969 501(C)(12) 15000 ECONOMIC DEVELOPMENT LAWRENCE CO COMM DEV PARTNER PO BOX 60 TAYLORSVILLE MS 39168 640243969 501(C)(12) 15000 ECONOMIC DEVELOPMENT GREENWOOD-LEFLORE AIRPORT PO BOX 935 GREENWOOD MS 389350935 640146265 501(C)(12) 25000 ECONOMIC DEVELOPMENT COMPETITIVE EDGE 1 CONVENTION CENTER PLAZA HATTIESBURG MS 39401 205162135 501(C)(3) 10000 ECONOMIC DEVELOPMENT 2 4 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ENERGY FOR WILDLIFE IS A NWTF PROGRAM THAT OFFERS ASSISTANCE THROUGH SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION TO LANDOWNERS FOR WILDLIFE HABITAT MANAGEMENT. SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION PERSONNEL OCCASIONALLY ATTEND ORGANIZATION MEETINGS. ALL OTHERS - THE SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION BOARD OF DIRECTORS EVALUATES REQUESTS, SUBSEQUENT TO SCREENING BY MEMBER SYSTEM BOARD OF DIRECTORS, FOR PROJECTS THAT WILL ENHANCE OR STIMULATE ECONOMIC GROWTH IN MEMBER SYSTEM AREAS. THE SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION BOARD APPROVES THESE REQUESTS PRIOR TO DISBURSEMENT. PART II - ITEMS 2, 3, AND 4: SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION ISSUED PAYMENT TO SOUTHERN PINE ELECTRIC POWER ASSOCIATION, A MEMBER DISTRIBUTION COOPERATIVE. SOUTHERN PINE ELECTRIC POWER ASSOCIATION IN TURN ISSUED PAYMENT TO THE ENTITIES DENOTED IN COLUMN 1(A). EIN, ADDRESS, AND IRC SECTION REPORTED IN PART II ARE THOSE FOR SOUTHERN PINE ELECTRIC POWER ASSOCIATION. PART II - ITEM 5: SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION ISSUED PAYMENT TO DELTA ELECTRIC POWER ASSOCIATION, A MEMBER DISTRIBUTION COOPERATIVE. DELTA ELECTRIC POWER ASSOCIATION IN TURN ISSUED PAYMENT TO THE ENTITIES DENOTED IN COLUMN 1(A). EIN, ADDRESS, AND IRC SECTON REPORTED IN PART II ARE THOSE FOR DELTA ELECTRIC POWER ASSOCIATION. 1 X X X 0 0 0 JAMES COMPTON 454925 0 5000 0 5475 0 30998 0 14650 0 511048 0 0 0 RAYMOND HALEY 221644 0 8113 0 5602 0 66109 0 13301 0 314769 0 0 0 MARCUS WARE 279286 0 9671 0 2157 0 78906 0 14051 0 384071 0 0 0 NATHAN BROWN 243048 0 8626 0 3639 0 62185 0 13508 0 331006 0 0 0 TERRY LEE 197268 0 6874 0 5953 0 117203 0 12785 0 340083 0 0 0 JAMES B EDWARDS 191555 0 4266 0 5258 0 33761 0 12423 0 247263 0 0 0 BRAD WOLFE 174350 0 6504 0 3039 0 35082 0 12566 0 231541 0 0 0 ROGER SMITH 158797 0 4040 0 3063 0 72813 0 12306 0 251019 0 0 0 CHARLES STUART 142439 0 3641 0 905 0 77094 0 12080 0 236159 0 0 0 JERRY PIERCE 140825 0 3375 0 2087 0 36122 0 7487 0 189896 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS OF SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION CONSISTS OF 2 DIRECTORS FROM EACH OF THE 11 MEMBER NONPROFIT DISTRIBUTION COOPERATIVES THAT OWN SOUTH MISSISSIPPI ELECTRIC POWER FOR A TOTAL OF 22 DIRECTORS. ONE OF 2 DIRECTORS SERVING ON SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION'S BOARD OF DIRECTORS IS THE GENERAL MANAGER OF THE MEMBER COOPERATIVE AND THE OTHER IS A DIRECTOR SERVING ON THE BOARD OF DIRECTORS OF THE MEMBER COOPERATIVE. THUS THE GENERAL MANAGER AND DIRECTOR FROM EACH MEMBER COOPERATIVE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER WHILE SERVING AS DIRECTORS FOR SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION A, LINE 7A SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 2011 FORM 990 WAS REVIEWED WITH THE AUDIT COMMITTEE AND REPORTED TO THE BOARD OF DIRECTORS. ON THE AUDIT COMMITTEE'S RECOMMENDATION, THE BOARD AUTHORIZED THE EXECUTION AND FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT - DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY COMPLETE, AND SIGN, A QUESTIONNAIRE RELATIVE TO INDEPENDENCE, BUSINESS RELATIONSHIPS, ETC. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY WAS CONDUCTED IN 2010 BY AN INDEPENDENT ENTITY. FIVE SIMILARLY SIZED GENERATION AND TRANSMISSION COOPERATIVES WERE SURVEYED. THE FOLLOWING POSITIONS WERE SURVEYED: GENERAL MANAGER/CEO, ASSISTANT GENERAL MANAGER, CHIEF ENGINEERING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF OF TRANSMISSION, AND CHIEF OPERATING OFFICER. THE BOARD OF DIRECTORS WAS PROVIDED THE SALARY SURVEY RESULTS. THE BOARD DETERMINES THE SALARY FOR THE GENERAL MANAGER/CEO. THE GENERAL MANAGER/CEO UTILIZED THE SURVEY FOR KEY EMPLOYEES. ADDITIONALLY, THE GENERAL MANAGER/CEO ADVISES THE BOARD OF AVERAGE ANNUAL SALARY INCREASE AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. APPROVAL OF THE ANNUAL BUDGET IS DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 RECEPTIONISTS HAVE BEEN INFORMED THAT THE FORM 990 WILL BE MADE AVAILABLE. A FORM IS UTILIZED FOR PARTIES REQUESTING A COPY OF THE FORM 990. THIS FORM ADVISES REQUESTING PARTIES THAT PHOTOCOPIES WILL BE MADE AVAILABLE UPON RECEIPT OF COPYING FEES (ALSO SPECIFIED IN THE REQUEST FORM). FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THESE PROCESSES FOR THE 2011 TAX YEAR. OTHER CHANGE IN ASSET OR FUND BALANCE FORM 990, PART XI, LINE 5 - EXCESS OF REVENUES OVER EXPENSES, OR NET MARGIN, IS ALLOCATED TO THE 11 MEMBER COOPERATIVES BASED ON SALES. THIS IS ONLY AN ALLOCATION OF PATRONAGE CAPITAL. NO ACTUAL PAYMENT IS MADE TO THE MEMBERS. THIS ALLOCATION OF PATRONAGE CAPITAL IS SHOWN AS A FUNCTIONAL EXPENSE IN PART IX, NUMBER 4, PER FORM 990 INSTRUCTIONS EFFECTIVE FOR 2011 REPORTING. SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION DOES NOT INCLUDE THIS ALLOCATION OF PATRONAGE CAPITAL AS AN EXPENSE FOR FINANCIAL REPORTING.