SAN MIGUEL ELECTRIC COOPERATIVE INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SAN MIGUEL ELECTRIC COOPERATIVE INC (EIN 74-1937134)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-07-08
IRS object ID: 201141899349300409
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-07-08T08:58:37-07:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	741937134	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SAN MIGUEL ELECTRIC COOPERATIVE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SANM	NameControl
Phone	8307843411	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 280	AddressLine1
City	Jourdanton	City
State	TX	State
ZIP Code	78026	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Michael Kezar	Name
Title	General Manager	Title
Phone	8307843411	Phone
Date Signed	2011-07-08	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Michael Kezar General Manager	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO Box 280	AddressLine1
City	Jourdanton	City
State	TX	State
ZIP Code	78026	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	139592806	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.smeci.net	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1977	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	San Miguel was created for the sole purpose of owning and operating a 400 MW mine-mouth lignite-fired generating plant and associated mining facilities to furnish power and energy to its member cooperatives.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	26	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	26	NbrIndependentVotingMembers
Total Nbr Employees	217	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	127821544	ProgramServiceRevenuePriorYear
Program Service Revenue CY	134235223	ProgramServiceRevenueCY
Investment Income Prior Year	1541638	InvestmentIncomePriorYear
Investment Income Current Year	1748348	InvestmentIncomeCurrentYear
Other Revenue Prior Year	2364556	OtherRevenuePriorYear
Other Revenue Current Year	3609235	OtherRevenueCurrentYear
Total Revenue Prior Year	131727738	TotalRevenuePriorYear
Total Revenue Current Year	139592806	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	16165682	SalariesEtcPriorYear
Salaries Etc Current Year	17434064	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	111638207	OtherExpensePriorYear
Other Expenses Current Year	118649804	OtherExpensesCurrentYear
Total Expenses Prior Year	127803889	TotalExpensesPriorYear
Total Expenses Current Year	136083868	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3923849	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	3508938	RevenuesLessExpensesCY
Total Assets BOY	272836098	TotalAssetsBOY
Total Assets EOY	277915538	TotalAssetsEOY
Total Liabilities BOY	239165079	TotalLiabilitiesBOY
Total Liabilities EOY	240735581	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	33671019	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	37179957	NetAssetsOrFundBalancesEOY
Mission Description	Maintain a dependable power supply at the lowest possible and competitive cost to our customers through integrity, hard work, and safety.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	0	Expense
Grants	0	Grants
Revenue	0	Revenue
Description	San Miguel was created for the sole purpose of owning and operating a 400 MW mine-mouth lignite-fired generating plant and associated mining facility to furnish power and energy to its member cooperative.	Description
Total Of Other Program Service Exp	0	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	0	TotalOfOtherProgramServiceRev
Total Program Service Expense	0	TotalProgramServiceExpense
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	1	TaxExemptBonds
Invest Tax Exempt Bonds	0	InvestTaxExemptBonds
Escrow Account	0	EscrowAccount
On Behalf Of Issuer	0	OnBehalfOfIssuer
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	128	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	217	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Gross Income From Members	134235223	GrossIncomeFromMembers
Gross Income Other Sources	5357582	GrossIncomeOtherSources
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	26	NbrVotingGoverningBodyMembers
Number Independent Voting Members	26	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	1	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Derrick Brummett Admin Services Mgr	NamePerson
Telephone Number	8307843411	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	6200 FM 3387	AddressLine1
City	Christine	City
State	TX	State
ZIP Code	78012	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (39 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee
Leroy Skloss
President	4	X	12874	0	0
Jack C Mathiews
Vice President	7	X	12374	0	0
Reynaldo Lopez
Treasurer	7	X	11335	0	0
Steve Harris
Secretary	7	X	9296	0	0
William Allen
director	6	X	12874	0	0
Thomas Cantrell
director	5	X	12374	0	0
Jerry Cobb
director	4	X	12374	0	0
Larry Corbett
director	4	X	12874	0	0
Rick Haile
director	4	X	0	0	0
Vernon G Hughes
director	5	X	12874	0	0
John Herrera
alternate director	4	X	1039	0	0
Billy Jones
director	4	X	12374	0	0
Glenn Jones
director	5	X	12874	0	0
Clifton Karnei
director	4	X	12500	0	0
Dick Koop
director	5	X	12374	0	0
Robert Krahl
director	6	X	12374	0	0
Fred Lancaster
director	4	X	12374	0	0
David R Matkin
director	4	X	4117	0	0
Donald Naiser
director	5	X	10000	0	0
Mike Packard
director	4	X	0	0	0
John Perry
director	4	X	12374	0	0
Gary Raybon
director	4	X	2000	0	0
Arlon O Retzloff
alternate director	2	X	2039	0	0
David Rosse
director	4	X	12374	0	0
Marshall Shirley
director	4	X	12374	0	0
Loren Stroebel
director	6	X	12374	0	0
Eugene Urbanovsky
director	4	X	12374	0	0
Jerry Walden
alternate director	2	X	3078	0	0
Don Wehmeyer
director	5	X	12374	0	0
Daren Wilder
director	2	X	5101	0	0
Stephen R Young
director	3	X	374	0	0
Michael D Kezar
General Manager	55		259826	0	157140	X
Paula P Harvey
Administrative Services Manager	45		109270	0	5258	X
Derrick Brummett
Administrative Services Manager	48		86864	0	21239	X
Joseph G Eutizi
Engineering Manager	48		148759	0	54383		X
Eugene Grindle
Mechanical Maintenance Manager	45		141358	0	30629		X
Stephen W Ralls
Electrical & Instrumentation Manager	55		152401	0	60399		X
Emeterio Garcia
Operations Manager	45		130747	0	55197		X
Mark Weatherston
Fuels Manager	48		116229	0	56954		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1431565	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	441199	TotalOtherCompensation
Number Individuals GT100 K	13	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
North American Coal Corporation
PO Box 250	Jourdanton	TX	78026	Mining contractor	45942713
Southern Environmental
6690 W Nine Mile Road	Pensaclola	FL	32526	Capital upgrades to plant	4833031
Atlantic
500 Democracy Dr	Plano	TX	75205	Contractor labor support	3542808
Zachry Industrial Inc
PO Box 240130	San Antonio	TX	78224	Contractor labor support	2674582
Siemens Energy Inc
1077 Westheimer	Houston	TX	77020	Capital upgrades to plant	2388963

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	31	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue	ExclusionExclusionAmount
Generation of electricity	221000	133649911	133649911	0	$0
Deferred revenue (2009)	221000	585312	585312	0	$0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	134235223	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1748348	TotalRevenueColumn
Related Or Exempt Function Income	1748348	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	0	Other

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Sales of SO2 emission allowances	221000	9569	9569	$0
Transmission	221000	2386256	2386256	$0
Mineral Lease	221000	1213410	1213410	$0

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	3609235	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	139592806	TotalRevenueColumn
Related Or Exempt Function Income	139592806	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	742071	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	13602664	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	2034709	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1054620	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	505062	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	7525136	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	13968675	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
Fuels Department	61621318
Administrative Services	1542521
Operations	8668041
Maintenance Department	18030033
Property Taxes	2944815

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3844203	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	136083868	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	310119	BOY
EOY	441214	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	7628790	BOY
EOY	11690262	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	11177110	BOY
EOY	11643759	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	23544293	BOY
EOY	28450032	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	667169	BOY
EOY	646455	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	569308070	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	366567174	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	203899230	BOY
EOY	202740896	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	25609387	BOY
EOY	22302920	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	272836098	BOY
EOY	277915538	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	14484023	BOY
EOY	15541683	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	77200000	BOY
EOY	77200000	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	88723039	BOY
EOY	111711196	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	48741880	BOY
EOY	26167880	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	10016137	BOY
EOY	10114822	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	239165079	BOY
EOY	240735581	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	33671019	BOY
EOY	37179957	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	33671019	BOY
EOY	37179957	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	272836098	BOY
EOY	277915538	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	3508938	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	1835693	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Book Value	1835693	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	422787868	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	284286642	Depreciation
Book Value	138501226	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	0	Depreciation
Book Value	0	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	104310157	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	75240852	Depreciation
Book Value	29069305	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	40374352	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	7039680	Depreciation
Book Value	33334672	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	202740896	TotalOfBookValueLandBuildings

Other Assets OtherAssets (5 entries)

DescriptionDescription	Book ValueBookValue
Patronage Capital from Associated Cooperatives	470626
Restricted Investments in Associated Organizations	21158923
Special Funds - Homestead Funds/Deferred Compensation - 457(b)	384146
Interest Receivable	272840
Deferred Charges	16385

Field	Value	IRS element (for citing)
Total Book Value Other Assets	22302920	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
Accumulated Provision for Mine Closure	$9,247,676
Accumulated Provision for FAS 106	$483,000
Accumulated Provision for Homestead Funds	$384,146

Field	Value	IRS element (for citing)
Total Of Amounts	10114822	TotalOfAmounts
Total Revenue	139592806	TotalRevenue
Total Expenses	136083868	TotalExpenses
Excess Or Deficit For Year	3508938	ExcessOrDeficitForYear
Net Unrealized GL On Investments	0	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	0	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	$0	OtherAmount
Total Adjustments	0	TotalAdjustments
Excess Or Deficit Per FS	3508938	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	136631048	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	0	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	0	OtherRevenues
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	136631048	RevenueSubtotal
Investment Expenses Not Included	0	InvestmentExpensesNotIncluded
Other Revenues Not Included	2961758	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	2961758	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	139592806	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	136083868	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	0	DonatedServicesUseOfFacilities
Prior Year Adjustments	0	PriorYearAdjustments
Losses Reported	0	LossesReported
Other Expenses Included	0	OtherExpensesIncluded
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	136083868	ExpensesSubtotal
Investment Expenses Not Included2	0	InvestmentExpensesNotIncluded2
Other Expenses Not Included	0	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	136083868	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchD_P10_S00_L02	Schedule D, Part X, Line 2	ASC Topic #740, "Income Taxes", requires that an enterprise cannot recognize a tax benefit in its financial statements unless it concludes that it is "more likely than not" that the benefit will be sustained on audit by the taxing authority. Tax-exempt and not-for-profit enterprises are also within the scope of the ASC, since the decision that some or all of an enterprise's activities are not subject to income taxes is itself a tax position for which the Interpretation requires evaluation. At adoption, and annually thereafter, San Miguel applies the requirements to all tax positions for which the statute of limitations remained open. San Miguel recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. San Miguel was determined by the Internal Revenue Service to be an exempt cooperative for purposes of federal income taxes, under Section 501(c)(12) of the Internal Revenue Code, in years when receipts from members, for the purpose of meeting losses and expenses, are at least 85 percent of the total income. The amount of unrecognized tax benefits as of December 31, 2010 was zero.
SchD_P12_S00_L04b	Schedule D, Part XII, Line 4b	Investment income on restricted investments, mineral lease proceeds

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Michael D Kezar
242986	0	190	0	16650	0	132607	0	24533	0	416966	0	0	0
Paula P Harvey
61023	0	9867	0	38380	0	0	0	5258	0	114528	0		0
Derrick Brummett
86383	0	175	0	306	0	3480	0	17760	0	108104	0	0	0
Joseph G Eutizi
129635	0	12969	0	6155	0	32784	0	21599	0	203142	0	0	0
Eugene Grindle
127900	0	12814	0	645	0	8760	0	21869	0	171988	0	0	0
Stephen W Ralls
132791	0	12824	0	6787	0	50704	0	9696	0	212802	0	0	0
Emeterio Garcia
115242	0	9216	0	6289	0	33050	0	22147	0	185944	0	0	0
Mark Weatherston
100850	0	9812	0	5567	0	36563	0	20390	0	173182	0	0	0

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	Atasccosa County Industrial Development	BusinessNameLine1

Field	Value	IRS element (for citing)
Issuer EIN	870810599	IssuerEIN
CUSIP Number	046578AA8	CUSIPNumber
Date Issued	2008-07-10	DateIssued
Issue Price	77200000	IssuePrice
Description Of Purpose	To redeem 1984 series Pollution Control Bonds	DescriptionOfPurpose
Defeased	0	Defeased
On Behalf Of Issuer	0	OnBehalfOfIssuer
Pool Financing	0	PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

Field	Value	IRS element (for citing)
Amount Retired	0	AmountRetired
Amount Bond Defeased	0	AmountBondDefeased
Total Proceeds	77200000	TotalProceeds
Amount In Reserve Fund	0	AmountInReserveFund
Capitalized Interest	0	CapitalizedInterest
Refunding Escrow	0	RefundingEscrow
Issuance Costs From Proceeds	0	IssuanceCostsFromProceeds
Credit Enhancement	0	CreditEnhancement
Working Capital Expenditures	0	WorkingCapitalExpenditures
Capital Expenditures	0	CapitalExpenditures
Other Spent Proceeds	0	OtherSpentProceeds
Amount Unspent	0	AmountUnspent
Year Of Subst Completion	1981	YearOfSubstCompletion
Current Refunding	1	CurrentRefunding
Advance Refunding	0	AdvanceRefunding
Final Allocation Made	1	FinalAllocationMade
Adequate Books And Recds Maintaind	1	AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

Field	Value	IRS element (for citing)
Owning Bond Financed Property	0	OwningBondFinancedProperty
Any Lease Arrangements	0	AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty	0	MngmentCntrctBondFinancdPrprty
Any Research Agreements	0	AnyResearchAgreements
Bond Counsel Routinely Engaged	0	BondCounselRoutinelyEngaged
Prcntge Prvt Business Use By Others	0	PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI	0	PercentageOfPrvtBusinessReUBI
Total Private Business Use	0	TotalPrivateBusinessUse
Post Issuance Compliance Procdrs	1	PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

Field	Value	IRS element (for citing)
Form8038 T Filed	0	Form8038TFiled
Variable Rate Issue	1	VariableRateIssue
Hedge Identified In Books And Recds	0	HedgeIdentifiedInBooksAndRecds
Gross Proceeds Invested In GIC	0	GrossProceedsInvestedInGIC
Gross Proceeds Invested	0	GrossProceedsInvested
Exception To Rebate	1	ExceptionToRebate

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	San Miguel Electric Cooperative, Inc. is a not-for-profit cooperative corporation organized for the purpose of generating electric power. San Miguel is owned by its 26 member cooperatives. San Miguel sells power pursuant to wholesale power contracts with two of its member-customers, Brazos Electric Power Cooperative (Brazos) and South Texas Electric Cooperative, Inc.(South Texas), both of which are generation and transmission cooperatives. Brazos and South Texas in turn, sell power at wholesale to their 24 members, all of which are distribution cooperatives providing retail service to their member-customers.
F990_P06_S0A_L07a	Form 990, Part VI, Section A, Line 7a	San Miguel is governed by a board of 26 directors, each of whom is selected by and represents one of the 26 member cooperatives. The directors are elected annually at the San Miguel Annual Meeting.
F990_P06_S0A_L07b	Form 990, Part VI, Section A, Line 7b	The decisions of the San Miguel Board of Directors are reported directly to the governing boards of the 26 member cooperatives. Certain contracts, i.e. wholesale power contracts are subject to the approval by the members of the 26 cooperatives.
F990_P06_S0B_L11a	Form 990, Part VI, Section B, Line 11a	A copy of the draft IRS Form 990 was provided to each of the board members at the June 2011 meeting. Company personnel and the tax attorney reviewed the IRS Form 990 at the Finance and Audit Committee meeting on May 31, 2011, with the full board present. Board members were given an opportunity to ask any questions.
F990_P06_S0B_L12c	Form 990, Part VI, Section B, Line 12c	The San Miguel Board of Directors approved a conflict of Interest Policy on December 10, 2008. The policy requires each "member of the Board of Directors, Alternate Directors, the General Manager, General Counsel and all Department Managers to file with the President of the Board of Directors, a Disclosure Report within thirty(30) days after attaining such position or status and then annually thereafter". The policy further specifies that "The president of the Board of Directors, shall report no later than the regular March monthly Board meeting each year that he or she has received disclosure Reports from all reporting persons signed and dated by February 15th of the current year". The disclosure report includes questions regarding a reporting person's personal and business relationships and any potential claims against San Miguel.
F990_P06_S0B_L15	Form 990, Part VI, Section B, Line 15	The current CEO was selected in September 2008 after a lengthy process that included recommendations from an independent agency, review of the candidates by the San Miguel Operating Committee, and a review of the top three (3) candidates by the full board. The Employee Compensation and Benefits Committee recommended the copensation level, and the full board voted and approved the General Managers's salary and compensation package. The salary of the CEO is also evaluated based on a national survey of similar positions conducted by the National Rural Electrification Association. The process was documented in the board and/or committee minutes. Each year, the Operating Committee evaluates the performance of the General Manager. The Employee Compensation and Benefit Committee then recommends any change in compensation. The changes in compensation are then approved by the full board. The salaries of all officers are based on a national survey for similar positions in the utility industry and recommendations by an independent management consulting agency.
F990_P06_S0C_L19	Form 990, Part VI, Section C, Line 19	As San Miguel has outstanding loan funds guaranteed by the Rural Utilities Service, the financial statements are a matter of public record, and are provided to individuals upon request. We do not typically make San Miguel's governing documents or conflict policy available to the public.