2011-05-16T08:38:53-07:00 2010-12-31 990 2010-01-01 582231201 GEORGIA TRANSMISSION CORPORATION GEOR 7702707625 2100 East Exchange Place Tucker GA 30084 Dale Cooper 7702707400 2011-05-16 2010 2016-02-24 21:20:13Z R Dale Cooper III CPA 2100 East Exchange Place Tucker GA 30084 246519003 0 X www.gatrans.com X 1996 GA Transmission of Electricity 14 14 296 0 0 0 0 0 232790983 241786710 4818234 4732293 0 0 237609217 246519003 0 0 0 0 4999038 4472775 0 0 0 218076041 227585270 223075079 232058045 14534138 14460958 1824442581 1939358973 1645935476 1746390910 178507105 192968063 Transmission of Electricity 0 0 0 0 0 PRINCIPAL BUSINESS IS PROVIDING TRANSMISSION SERVICES. AT 12/31/10, GTC OWNED APPROXIMATELY 3040 MILES OF TRANSMISSION LINES AND 649 SUBSTATIONS. GTC SUCCEEDED TO ALL OF OGLETHORPE'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE ITS. ITS DESCRIPTION PROVIDED. 0 0 0 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 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 217 0 1 296 1 0 0 0 0 0 230753973 16166202 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X R Dale Cooper III CPA 7702707625 Georgia Transmission Corporation 2100 East Exchange Place Tucker GA 300845336 Otis Jones 2 X 10800 0 0 David Dunaway 2 X 8100 0 0 Gary Drake 1 X 8000 0 0 Jill S Tietjen 3 X 26300 0 0 Charles R Fendley 1 X 11200 0 0 Roy Tollerson Jr 0.5 X 1200 0 0 Steve E Rawl Sr 2 X 9900 0 0 J Everett Williams 0.5 X 8000 0 0 D Ronnie Lee 0.5 X 8100 0 0 Kenneth Cook 1.5 X 8100 0 0 Michael Goodroe 1 X 8800 0 0 James M Hubbard 3 X 29200 0 0 Robert Lewis 2.5 X 8000 0 0 Chris McDermott 1 X 4400 0 0 Raphael Brumbeloe 1 X 7600 0 0 Jack Waters 1 X 3800 0 0 Michael Smith 40 X 414296 0 30599 Barbara Hampton 40 X 320026 0 24820 Jerry Donovan 40 X 293757 0 28648 Harold Taylor 40 X 199563 0 30034 Keith Daniel 40 X 211717 0 22877 Tom Parker 40 X 205927 0 27146 Russ Schussler 40 X 205461 0 35215 David Van Winkle 40 X 189524 0 24102 John C Raese 40 X 173427 0 25258 Angela Sheffield 40 X 184725 0 28664 Anne Hicks 40 X 179671 0 25199 Lynn Huffines 40 X 174294 0 26815 James Etheridge 40 X 156458 0 21678 Angela Farsee 40 X 154032 0 21388 3224378 0 372443 216 0 1 0 Georgia System Operations Corporation 2100 East Exchange Place Tucker GA 30084 Shared Services and Control Center Operations 25146673 Georgia Power Company 241 Ralph McGill Blvd Bin 10120 Atlanta GA 303083374 Construction Related Services 17544351 Pike Electric Inc PO Box 1000 Dept 517 Memphis TN 381480517 Construction Services 9567622 Aubrey Silvey Enterprises Inc 371 Hamp Jones Road Carrollton GA 30117 Construction Services 5115657 PhotoScience Inc 2670 Wilhite Drive Lexington KY 40503 Geospatial services including digital imaging services 3919210 216 0 Network Services Revenue 221000 202938785 202938785 0 0 Transmission Rental Income 221000 33302412 33302412 0 0 Other Revenues 221000 5545513 5545513 0 0 0 0 0 0 241786710 4732293 4732293 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 246519003 246519003 0 0 0 0 0 0 0 0 3441648 812087 0 219040 0 148691 0 0 0 0 0 34552 8668 0 0 0 0 0 74055 73426292 0 53439905 0 Operations and Maintenance 62560701 GSOC OPS/SS Services 18871965 Parity Expense 14901913 OPC Allocations, A & G Expense 3780776 Taxes Other than Income Taxes 337752 232058045 0 0 0 28313030 60336186 29305999 22898197 92395053 124440278 2261115895 566986274 1638632608 1694129621 24480369 24807251 11315522 12747440 1824442581 1939358973 247873368 342690699 143290 130263 92735441 92495178 1291452511 1300076254 13730866 10998516 1645935476 1746390910 X 178507105 192968063 0 0 0 0 178507105 192968063 1824442581 1939358973 14460958 0 X X 0 1 1 X 1 0 0 302406914 302406914 0 107840729 34917129 72923600 0 0 0 0 0 1782738093 519230439 1263507654 0 68130159 12838706 55291453 1694129621 0 Gain on Bonds 4423042 Accumulated Provision for Benefits 658597 Deferred Hedge Settlement 5916877 10998516 246519003 232058045 14460958 0 0 0 0 0 0 14460958 246519003 0 0 0 0 0 246519003 0 0 0 246519003 232058045 0 0 0 0 0 232058045 0 0 0 232058045 X 1 1 X X X X 0 0 0 Otis Jones 0 0 0 0 10800 0 0 0 0 0 10800 0 9200 0 David Dunaway 0 0 0 0 8100 0 0 0 0 0 8100 0 6900 0 Gary Drake 0 0 0 0 8000 0 0 0 0 0 8000 0 8000 0 Jill S Tietjen 0 0 0 0 26300 0 0 0 0 0 26300 0 25700 0 Charles R Fendley 0 0 0 0 11200 0 0 0 0 0 11200 0 11700 0 Roy Tollerson Jr 0 0 0 0 1200 0 0 0 0 0 1200 0 9200 0 Steve E Rawl Sr 0 0 0 0 9900 0 0 0 0 0 9900 0 9300 0 J Everett Williams 0 0 0 0 8000 0 0 0 0 0 8000 0 8000 0 D Ronnie Lee 0 0 0 0 8100 0 0 0 0 0 8100 0 8100 0 Kenneth Cook 0 0 0 0 8100 0 0 0 0 0 8100 0 8100 0 Michael Goodroe 0 0 0 0 8800 0 0 0 0 0 8800 0 8000 0 James M Hubbard 0 0 0 0 29200 0 0 0 0 0 29200 0 29200 0 Robert Lewis 0 0 0 0 8000 0 0 0 0 0 8000 0 8000 0 Chris McDermott 0 0 0 0 4400 0 0 0 0 0 4400 0 8600 0 Raphael Brumbeloe 0 0 0 0 7600 0 0 0 0 0 7600 0 0 0 Jack Waters 0 0 0 0 3800 0 0 0 0 0 3800 0 0 0 Michael Smith 380308 0 10000 0 15389 0 0 0 0 0 405697 0 421312 0 Jerry Donovan 275452 0 0 0 11658 0 0 0 0 0 287110 0 293674 0 Keith Daniel 198199 0 0 0 7017 0 0 0 0 0 205216 0 211715 0 Barbara Hampton 301680 0 0 0 10026 0 0 0 0 0 311706 0 319972 0 Tom Parker 192033 0 0 0 8732 0 33000 0 0 0 233765 0 238827 0 Harold Taylor 185855 0 0 0 7489 0 0 0 0 0 193344 0 199430 0 Russ Schussler 189121 0 0 0 6919 0 9625 0 0 0 205665 0 214703 0 David Van Winkle 174467 0 0 0 7454 0 0 0 0 0 181921 0 189296 0 John C Raese 157578 0 0 0 7212 0 0 0 0 0 164790 0 172210 0 Angela Sheffield 172816 0 0 0 5125 0 0 0 0 0 177941 0 190579 0 Anne Hicks 170601 0 0 0 371 0 0 0 0 0 170972 0 178753 0 Lynn Huffines 168185 0 0 0 1294 0 12000 0 0 0 181479 0 173016 0 James Etheridge 143988 0 0 0 7209 0 0 0 0 0 151197 0 153752 0 Angela Farsee 145892 0 0 0 1959 0 0 0 0 0 147851 0 152348 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a All Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6000 to $12000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. Georgia Development Authorities Oglethorpe Power Corporation Project Series 2007A Due 2039 121342MB2 2008-04-04 27105000 Pollution Control Revenue Bonds 0 0 0 Georgia Development Authorities Oglethorpe Power Corporation Project Series 2007B Due 2038 121342MC0 2008-04-04 27210000 Polluiton Control Revenue Bonds 0 0 0 Georgia Development Authorities Oglethorpe Power Corporation Project Series 2008D Due 2040 121342MS5 2008-12-10 40150000 Pollution Control Revenue Bonds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1979 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1979 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1979 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Georgia Transmission Corporation ("GTC") is a tax exempt 501(c)(12) entity whose membership consists of 39 EMC's in the state of Georgia and Oglethorpe Power Corporation, a Georgia electric membership corporation not for profit cooperative. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The corporation has members who elect members of the governing body as provided for in its bylaws. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Certain decisions of the governing body are subject to approval by members as provided for in its bylaws. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Form 990 is prepared internally by Georgia Transmission Corporation ("GTC"). the preparer is a licensed CPA in the state of Georgia. Information is accumulated from the GTC financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. A draft of form 990 is reviewed by two additional CPA's, one internal to GTC and one external to GTC. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft form 990 is discussed with the reviewer to ensure all review points are cleared. Once a draft copy of the Form 990 is complete, it is submitted to the Board for review. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will then be e-filed accordingly. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Georgia Transmission Corporation ("GTC") maintains a corporate policy that provides guidelines and standards for the employees and directors of GTC to avoid conflicts of interest or any appearance of conflicts of interest, so that the affairs of GTC may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, GTC internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members, which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interests exists and what actions need to be taken, Results of the audit are reported to the Audit committee of the Board. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Currently, Georgia Transmission Corporation publishes its financial statements in pdf format on its website, www.gatrans.com Any governing documents and conflict of interest policy are available on the intercompany document retrieval system, but are available upon request by the general public. F990_P12_S00_L03b Form 990, Part XII, Line 3b The corporation received monies from FEMA in late 2010. As a result of the award, GTC is undergoing the required A-133 audit for 2010 during a tentative time frame of May 2011 to June 2011. The audit is expected to be completed by the end of June 2011.