2011-11-15T10:09:50-06:00 2010-12-31 PRICEWATERHOUSECOOPERS LLP 1100 WALNUT SUITE 1300 KANSAS CITY MO 64106 990 2010-01-01 740524729 BRAZOS ELECTRIC POWER COOPERATIVE INC BRAZ 2547506500 2404 LASALLE AVE PO BOX 2585 WACO TX 767022585 CLIFTON KARNEI 2011-11-10 8164727921 2010 2016-02-24 21:20:13Z CLIFTON KARNEI 2404 LASALLE AVE PO BOX 2585 WACO TX 767022585 1001250009 false X www.brazoselectric.com X 1941 TX TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURRING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. 16 16 406 2936 0 0 957671803 991820797 708322 5049507 5042235 4372052 963422360 1001242356 0 0 0 0 28209004 29299277 0 0 0 878656117 912402662 906865121 941701939 56557239 59540417 2215675569 2662336888 1893766292 2280869824 321909277 381467064 X TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURRING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. WE WILL PROVIDE EXCELLENT CUSTOMER SERVICE WHILE PRACTICING THE HIGHEST DEGREE OF INTEGRITY. THE MEMBERS, CUSTOMERS, AND EMPLOYEES ARE BRAZOS ELECTRIC COOPERATIVE'S MOST VALUED ASSETS. false false BRAZOS ELECTRIC COOPERATIVE WAS FORMED FOR THE PURPOSE OF FURNISHING DEPENDABLE AND ECONOMICAL WHOLESALE ELECTRIC POWER AND ENERGY FOR RURAL DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPS AND TWO MUNICIPALITIES. false false false false false false false false true false false false true false true true false false false false false false false false false false false true false false false false false false false false false true false false false false false true true true false true 310 0 true 406 true true true false false false false false false false false 965870642 35371714 false X 16 16 false false false false true true false true true false false true true true true true true true true false AZ CA IN X MS KHAKI BORDOVSKY 2547506500 2404 LASALLE AVE WACO TX 76706 DENNIS MCWHORTER 17.0 X X 32400 600 RICK HAILE 10.0 X X AUDIE MORRIS 8.0 X X 16200 600 STEVE YOUNG 4.5 X HENRY BRADFORD 5.0 X 18000 600 RICK ICKERT 6.0 X 16200 ADAM BEREND 5.0 X 18000 GLENN JONES 6.0 X 15600 600 LARRY BAYS 6.0 X 18000 LARRY CORBETT 9.0 X 16200 600 JAMES CALHOUN 5.0 X 16200 CLYDE GEER 5.0 X 17400 BILLY JONES 5.0 X 15000 GEORGE THEISS 12.0 X 17400 MONTY CARLISLE 5.0 X 18000 JORDEN WOOD 6.0 X 18000 CLIFTON KARNEI 50.4 X 706928 25464 KHAKI BORDOVSKY 45.0 X 317649 22864 HUGH LENOX 45.4 X 308375 20411 J A YORK 50.0 X 311233 24164 DAVID MURPHY 49.6 X 440400 8701 JOSH CLEVENGER 43.3 X 168839 7664 BILLY HELPERT 41.0 X 171823 14185 CHUCK ESTES 44.0 X 152303 16351 KYLE MINNIX 46.6 X 141448 3911 JEFF NOTTINGHAM 45.7 X 143053 6780 3114651 3000 150495 10 true true false FLUOR ENTERPRISES PO Box 847363 DALLAS TX 752847363 GENERATION CONSTRUCT 211000767 TESSCO UTILITY SERVICES PO Box 1999 MIDLAND TX 79702 TRANSMISSION CONSTRU 9641567 TROY CONSTRUCTION PO BOX 450862 HOUSTON TX 77245 GENERATION CONSTRUCT 10660964 SIEMENS ENERGY INC DEPT CH10169 PALATINE IL 600550169 GENERATION MAINTENAN 9849849 HOLLOMAN CORPORATION 333 N SAM HOUSTON PARKWAY SUITE 6 HOUSTON TX 77060 GENERATION CONSTRUCT 10068699 101 0 ELEC ENRGY SERVICE 221000 977962963 977962963 TRANSMISSION SERVICES 221000 10428273 10428273 ANCILLARY SERVICES 221000 665159 665159 SALE OF EXCESS NATURAL GAS 221000 2660680 2660680 MISCELLANEOUS ELECTRIC REVENUE 221000 103722 103722 991820797 4841842 4841842 0 230535 230535 203297 203297 203297 203297 214819 7154 207665 207665 207665 0 0 519 499 20 20 WORK FOR OTHERS 221000 1536841 1536841 PATRONAGE CAPITAL 221000 2248211 2248211 INVESTMENT INCOME 541519 150232 150232 2916 2916 3938200 1001242356 995605849 2936 5633571 0 0 0 0 2337477 0 17425135 2963776 5160356 1412533 0 1737771 174998 0 0 0 0 1410 333188 0 0 3908381 1853507 0 222168 58116288 0 44654280 2372364 FUEL 173924925 MAINT - PRODUCTION - NOT LABOR 23729438 PURCHASED POWER 572943790 ENERGY EFFICIENCY 2137021 TAXES - PROPERTY & OTHER 7596827 18696306 941701939 1034827 567671 428131 77130695 95999693 85470034 57298482 52858665 253588141 335524848 2381803141 345458412 1726296535 2036344729 81029760 74440246 2215675569 2662336888 87546701 75044975 1607583976 1960564487 198635615 245260362 1893766292 2280869824 X 95 95 321909182 381466969 321909277 381467064 2215675569 2662336888 X 59540417 17370 X false true true X false 1754329751 345458412 1408871339 627473390 627473390 2036344729 0 ACCRUED TAXES 5517807 ACCRUED INTEREST 13733647 ACCUMULATED OPERATING PROVISION 63925805 OTHER CURRENT AND ACCRUED LIAB 136798771 OBLIGATIONS - CAPITAL LEASES 2268526 DEFERRED CREDITS 23015806 245260362 1001242356 941701939 59540417 17370 17370 59557787 999730007 999730007 1512349 1512349 1001242356 940172220 940172220 1529719 1529719 941701939 ACES LLC K-1 Part XII, Line 4b 17,370 JOBBING EXPENSE Part XII, Line 4b & Part XIII, Line 4b 1,529,719 ACES LLC K-1 Part XI, Line 8 -17,370 X X true false false CLIFTON KARNEI 687998 0 18930 16500 8964 732392 KHAKI BORDOVSKY 255355 45290 17004 16500 6364 340513 HUGH LENOX 242122 40974 25279 16500 3911 328786 J A YORK 245303 41866 24064 16500 7664 335397 DAVID MURPHY 390144 34333 15923 8423 278 449101 JOSH CLEVENGER 152788 5011 11040 7664 176503 BILLY HELPERT 155487 4807 11529 11327 2858 186008 CHUCK ESTES 122362 4527 25414 16062 289 168654 Schedule J Part I Line 4a DAVID MURPHY $124,419 BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 17283499 CAPITAL CONTRIBUTIONS false BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 116051 PERFORMANCE OF SERVICES false BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 371919 REIMBURSEMENT OF EXPENSES false BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 1207 REIMBURSEMENT OF EXPENSES false BRAZOS FUEL COMPANY SUBSIDIARY 5122 REIMBURSEMENT OF EXPENSES false BRAZOS FUEL COMPANY SUBSIDIARY 437 PERFORMANCE OF SERVICES false WRITTEN CONFLICT OF INTEREST POLICY PART VI SECTION B LINE 12C ON AN ANNUAL BASIS THE DIRECTORS FILL OUT A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. ON A MONTHLY BASIS THE BOARD IS PROVIDED A SCHEDULE OF PAYMENTS MADE FOR SERVICES AND GOODS PROVIDED THE COOPERATIVE. DOCUMENTS AVAILABLE TO THE PUBLIC PART VI SECTION C LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ORGANIZATION MEMBERS PART VI SECTION A LINE 6 BRAZOS ELECTRIC IS OWNED BY 16 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES. ELECTING MEMBERS OF THE GOVERNING BODY PART VI SECTION A LINE 7A EACH MEMBER ELECTS THEIR REPRESENTATIVE TO SERVE AS A DIRECTOR ON THE BRAZOS ELECTRIC POWER COOPERATIVE BOARD. FORM 990 REVIEW PROCESS PART VI SECTION B LINE 11A THE FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS. IT IS THEN REVIEWED BY THE MANAGER OF FISCAL SERVICES AND CONTROLLER, VICE PRESIDENT, SERVICES, AND THE EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER BEFORE IT IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE OF THE BRAZOS BOARD FOR ITS REVIEW PRIOR TO ITS SUBMISSION TO THE IRS. PROCESS OF DETERMINING COMPENSATION OF KEY OFFICIALS PART VI SECTION B LINE 15 CEO pay is determined by the Brazos Electric Board along with wage survey information that is provided by Watson Wyatt for CEO salaries. Each Board member fills out a performance evaluation on the CEO and then the Board members meet to discuss what the increase should be based off performance and tenure in the position. The 16 member Board is responsible for deciding on the pay of the CEO for Brazos Electric. Vice President pay is determined based on 2 components. Each Vice President's job title is placed in a Salary Grade based off wage survey studies Watson Wyatt have performed. Individual increases are based on performance, tenure and position within the Salary Grade. The CEO of Brazos Electric is responsible for evaluating increases for Vice Presidents. OTHER CHANGES IN NET ASSETS PAGE 12 PART XI LINE 5 THE ADDITIONAL CHANGE IN NET ASSETS PER PART X, RELATES TO INCOME/(LOSS) RECEIVED FROM A PASS-THROUGH ENTITY SCHEDULE K-1. BRAZOS FUEL COMPANY INC PO BOX 2585 Waco TX 767022585 741787410 FUEL PRODUCTS TX NA C CORP -13401 148572 1.00000 Brazos Sandy Creek Electric Cooperative 2404 LASALLE AVE WACO TX 76706 870806881 GENERATE POWE TX NA C CORP 239205 579883053 1.00000 false true false false false false false false false false true false false false true true false false BRAZOS SANDY CREEK ELECTRIC COOPERATIVE B 17283499 BRAZOS SANDY CREEK ELECTRIC COOPERATIVE K 116051 BRAZOS SANDY CREEK ELECTRIC COOPERATIVE P 371919 BRAZOS SANDY CREEK ELECTRIC COOPERATIVE O 1207 BRAZOS FUEL COMPANY K 437 BRAZOS FUEL COMPANY P 5122