2026-04-28T09:17:43-04:00 2025-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2025-01-01 020172119 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC NEWH 6035361800 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 MICHAEL JENNINGS CEO 6035361800 2026-04-21 true H TERRELL MCMICHAEL JR P01259982 4787466277 2026-04-28 2025 2025-03-06 01:10:19Z MICHAEL JENNINGS 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 199617282 false X WWW.NHEC.COM X 1939 NH NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC PROVIDES ELECTRIC ENERGY AND BROADBAND SERVICES TO ITS MEMBERS THROUGHOUT THE STATE OF NEW HAMPSHIRE. 11 11 256 0 0 175453603 199410079 6282 4866 542972 167563 176002857 199582508 0 6833757 11284077 28644618 28593613 0 0 143776304 163505042 179254679 203382732 -3251822 -3800224 417557785 466025225 269943949 310927503 147613836 155097722 OUR MISSION IS TO PROVIDE OUR MEMBERS WITH AFFORDABLE AND RELIABLE ELECTRIC AND BROADBAND SERVICE. false false ALL RECEIPTS FROM SALE OF ELECTRIC ENERGY AND RELATED SERVICE ACTIVITIES IN EXCESS OF OPERATING COSTS ARE RECEIVED WITH THE UNDERSTANDING THAT IT IS FURNISHED BY THE PATRONS AS CAPITAL. THIS CAPITAL SHALL BE ALLOCATED TO THE COOPERATIVE MEMBER ON A PATRONAGE BASIS. CURRENTLY, NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. PROVIDES ELECTRIC ENERGY TO APPROXIMATELY 85,000 ACTIVE MEMBER SERVICES THROUGHOUT NEW HAMPSHIRE. THE BROADBAND DIVISION, A SINGLE MEMBER LLC, PROVIDES BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER-OPTIC NETWORK. false false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false true true false false true 164 0 true 256 true false false false false false 188671513 8143081 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false NH X X MARIA STELLA 6035368515 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 WILLIAM DARCY BOARD CHAIR 28.00 X X 44050 0 0 ALANA ALBEE VICE CHAIR 4.00 X X 26400 0 0 JEFFREY MORRILL SECRETARY 4.00 X X 23400 0 0 JERRY STRINGHAM TREASURER 7.00 X X 29750 0 0 LEO DWYER ASSISTANT TR 5.00 X X 21900 0 0 THOMAS MONGEON DIRECTOR 6.00 X 24600 0 0 HARRY VEINS DIRECTOR 5.00 X 19400 0 0 JOHN GOODRICH DIRECTOR 4.00 X 20900 0 0 PATRICIA BARBOUR DIRECTOR 4.00 X 23500 0 0 PETER LAUFENBERG DIRECTOR 3.00 X 22950 0 0 ROBERT MACLEOD DIRECTOR 2.00 X 12350 0 0 CAROLYN KEDERSHA DIRECTOR 8.00 X 12150 0 0 MICHAEL JENNINGS CEO 56.00 X 407037 0 101138 ALYSSA CLEMSEN ROBERTS CEO-RESIGNED 73.00 X 130552 0 27110 KRISTEN TAYLOR CFO/VP OF FI 47.00 X 249367 0 104572 JOSHUA MAZZEI VP OF OPERAT 49.00 X 266695 0 102695 CARLA MUNOZ VP OF PEOPLE 47.00 X 261467 0 102788 SONJA GONZALEZ VP OF INFO. 46.00 X 165474 0 64103 PETER GLENSHAW VP OF MEMBER 44.00 X 249166 0 50469 JOSHUA HOLBROOK CHIEF BROADB 42.00 X 73104 0 0 LUKE CROTEAU DIRECTOR OF 60.00 X 190910 0 76087 COLIN MANNING DIR. COMM/GO 41.00 X 190563 0 88125 JAMES HORAN DIRECTOR OF 42.00 X 189220 0 74375 ROBERT HOWLAND DIR. OF ENER 41.00 X 186617 0 78636 CHRISTINE ALEXANDER DIR OF PEOPL 43.00 X 181413 0 84342 3022935 954440 126 false true false EUSTIS CABLE ENTERPRISES PO BOX 500 BROOKEFIELD VT 05036 FIBER 17539801 CONEXON LLC 2001 GRAND BLVD SUITE 700 KANSAS CITY MO 64108 NHB MANAGEMENT 5927124 ASPLUNDH TREE EXPERT 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 RIGHT-OF-WAY 4523198 NELSON TREE SERVICE LLC 3300 OFFICE PARK DR DAYTON OH 45439 RIGHT-OF-WAY 1510158 ARBOR TECH 25 COUNTRY CLUB RD GILFORD NH 03249 RIGHT-OF-WAY 1098601 25 ELECTRIC REVENUE 221000 187054938 187054938 BROADBAND REVENUE 513300 7133388 7133388 POLE ATTACHMENT RENTAL 221000 3596914 3596914 MISC. ELECTRIC REVENUE 221000 1616575 1616575 INTEREST INCOME 221000 8264 8264 199410079 4866 4866 78000 34774 43226 43226 43226 GAIN ON DISPOSITION 221000 109902 109902 MISC. ELECTRIC REVENUE 221000 14435 14435 124337 199582508 195985594 3596914 11284077 2637087 16264950 4730441 3388739 1572396 291903 59250 168100 564366 4126 2506846 901738 6998524 113059 75897 9869350 16779278 885340 PURCHASED POWER 62220277 TRANSMISSON EXPENSE 37931540 DISTRIBUTION MAINT AND OP 17350512 OTHER DEDUCTIONS 5916394 868542 203382732 0 0 0 X 932753 2859317 50000 50000 22668470 25854204 15334413 10020253 2655957 2930494 587772823 218479551 344724739 369293272 10368672 10138553 5632456 5453266 15190325 39425866 417557785 466025225 28345814 30651223 197697949 234775486 24848845 38012903 19051341 7487891 269943949 310927503 X 147613836 155097722 147613836 155097722 417557785 466025225 X -3800224 11284110 X false true X true false 3469678 3469678 1308185 12651185 9401253 4558117 551745892 209078298 342667594 18597883 18597883 369293272 BEA GRANT 20000000 OTHER ASSETS 19425866 39425866 REGULATORY LIABILITES - ASC 980 5214099 CONSUMER DEPOSITS 2273792 7487891 X 199398835 199398835 183673 183673 199582508 192098655 192098655 11284077 11284077 203382732 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM UNITED STATES INCOME TAXES PURSUANT TO 501 (C)(12) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES THAT AT LEAST EIGHTY FIVE PERCENT (85%) OF A COOPERATIVE'S INCOME BE COLLECTED FROM ITS MEMBERS. THE COOPERATIVE FOLLOWS GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WHICH IS PART OF FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. SCHEDULE D, PAGE 4, PART XI, LINE 4B NON-OPERATING ACTIVITIES 183,673 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 11,284,077 X X X X X false false false MICHAEL JENNINGS CEO 373726 23575 9736 78556 22582 508175 ALYSSA CLEMSEN ROBERTS CEO-RESIGNED 2025 82709 47843 19138 7972 157662 KRISTEN TAYLOR CFO/VP OF FINANCE 237928 4655 6784 72009 32563 353939 JOSHUA MAZZEI VP OF OPERATIONS 235670 23236 7789 67236 35459 369390 CARLA MUNOZ VP OF PEOPLE & CULTU 250799 4655 6013 78008 24780 364255 SONJA GONZALEZ VP OF INFO. TECH. 135689 4655 25130 51725 12378 229577 PETER GLENSHAW VP OF MEMBER ENGAGEM 235314 4519 9333 48074 2395 299635 LUKE CROTEAU DIRECTOR OF ENG. 188653 1853 404 42940 33147 266997 COLIN MANNING DIR. COMM/GOVT AFF. 186068 3615 880 56037 32088 278688 JAMES HORAN DIRECTOR OF OPS. 183295 3455 2470 73664 711 263595 ROBERT HOWLAND DIR. OF ENERGY ACCES 175546 3517 7554 51656 26980 265253 CHRISTINE ALEXANDER DIR OF PEOPLE/CULTUR 165447 14439 1527 50085 34257 265755 FORM 990, PAGE 6, PART VI, LINE 6 NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. (THE COOPERATIVE) HAS MEMBERS. ANY PERSON, FIRM, CORPORATION OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE BY: A) MAKING AN APPLICATION FOR MEMBERSHIP AND SERVICE; B) AGREEING TO PURCHASE GOODS OR SERVICES FROM THE COOPERATIVE AS SPECIFIED IN THE BYLAWS; AND C) AGREEING TO COMPLY WITH AND BE BOUND BY THE CERTIFICATE OF ORGANIZATION OF THE COOPERATIVE AND THE CODE OF BYLAWS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF DIRECTORS. NO PERSONS, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE (1) MEMBERSHIP IN THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE'S ELEVEN (11) MEMBER BOARD OF DIRECTORS IS CHOSEN BY AND FROM THE MEMBERSHIP. AT EACH ANNUAL MEETING TO WHICH BALLOTS ARE RETURNED, DIRECTORS ARE ELECTED FOR THREE-YEAR STAGGERED TERMS, WITH AT LEAST THREE TO BE ELECTED EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 7B THE FOLLOWING ITEMS ARE SUBJECT TO THE AFFIRMATIVE VOTE OF AT LEAST TWO- THIRD (2/3) OF THE MEMBERS VOTING A) DISPOSITION OF PROPERTY THAT EXCEEDS, IN ANY ONE (1) YEAR, TEN PERCENT (10%) OF THE VALUE OF THE COOPERATIVE'S "TOTAL UTILITY PLANT" AS STATED IN THE MOST RECENT ANNUAL REPORT OF THE COOPERATIVE; B) DISPOSITION OF ANY ITEM OF A DAMAGED PROPERTY VALUED (AT DEPRECIATED BOOK) AT MORE THAN 25,000 C) ACQUISITION OF GENERATION, TRANSMISSION AND/OR DISTRIBUTION FACILITIES FOR WHICH THE PURCHASE PRICE EXCEEDS TWENTY-FIVE PERCENT (25%) OF THE VALUE OF THE COOPERATIVE'S "TOTAL UTILITY PLANT" AS STATED IN THE MOST RECENT ANNUAL REPORT OF THE COOPERATIVE; D) THE SALE OF THE COOPERATIVE'S ENTIRE SYSTEM OR THE DISSOLUTION OF THE COOPERATIVE; E) THE ALTERATION, AMENDMENT OR REPEAL OF THE COOPERATIVE'S CODE OF BYLAWS; AND F) THE AMENDMENT OF THE CERTIFICATION OF ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B THE COOPERATIVE'S FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE WITH A RECOMMENDATION TO THE FULL GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL REVIEW OF ALL POLICES. BY THE BOARD OF DIRECTORS AND BOARD COMMITTEE; ANNUAL REVIEW OF ETHICS POLICY WHICH ALSO INCLUDES CONFLICT OF INTEREST ARE DISCLOSED TO BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE COOPERATIVE HAS AN INDEPENDENT COMPENSATION CONSULTANT PROVIDE A CEO COMPENSATION ANALYSIS. TO ENSURE THE WAGES OF THE CEO AND NON-UNION EMPLOYEES ARE WITHIN SALARY RANGES THAT ARE REASONABLE YET COMPETITIVE IN THE MARKETPLACE, THE COOPERATIVE ENGAGES AN OUTSIDE CONSULTANT WHO SPECIALIZES IN COMPENSATION AND IS HIGHLY KNOWLEDGEABLE ABOUT RURAL ELECTRIC COOPERATIVES. EVERY FEW YEARS THE CONSULTANT ISSUES A REPORT TO THE BOARD OF DIRECTORS ESTABLISHING A FAIR MARKET VALUE RANGE FOR THE CEO POSITION BASED ON OPERATING CRITERIA. THE OPERATING CRITERIA INCLUDES NUMBER OF MEMBERS SERVED, TOTAL UTILITY PLANT AND OPERATING REVENUE. FOR NON-UNION EMPLOYEES, THE CONSULTANT BUILDS A COMPENSATION MODEL WHICH INCLUDES SALARY GRADES AND PAY RANGES. THE SALARY GRADES ARE BASED ON JOB DESCRIPTIONS WHICH ARE EVALUATED ON THE FACTORS OF JOB KNOWLEDGE, LEADERSHIP, ORGANIZATIONAL EFFECT, COMPLEXITY, AND COMMUNICATION. THE INTERNAL GRADE VALUES ARE MERGED WITH EXTERNAL SALARY SURVEY INFORMATION (REFLECTING COMPARABLE PAY FOR SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS); THIS MODELING AND OPTIMIZATION OF INTERNAL EQUITY AND EXTERNAL MARKET DATA IS THE BASIS OF THE ESTABLISHED COOPERATIVE PAY RANGES. FORM 990, PAGE 6, PART VI, LINE 15B SEE COMPENSATION DETERMINATION PROCESS NOTED ABOVE. FORM 990, PAGE 6, PART VI, LINE 19 FULLY AUDITED FINANCIALS, CURRENT 990 FILING, ALL BOARD POLICIES AND POLICY ON ETHICS & CONFLICT OF INTEREST ARE POSTED ON THE COOPERATIVE'S WEBSITE. FORM 990, PART X FORM 990, PART X, LINE .1OA. - SECTION. 1.263(A)-3(N) ELECTION: NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH, NH 03264-3147 EIN 02-0172119 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC. IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COST UNDER REGULATION SECTION 1. 263(A)3(N) FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ALLOCATION 11,284,077 OTHER 33 TOTAL 11,284,110 NH BROADBAND LLC 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 BROADBAND NH 7133388 21227337 NHEC NHEC FOUNDATION FOUNDATION 579 TENNEY MOUNTAIN HIGHWAY PLYMOUTH NH 03264 113751465 CHARITY NH 501C 3 7 N/A false false true false false false false false false false false false false false true true false false false false NHEC FOUNDATION N NCN < 50,000 NHEC FOUNDATION O NCN < 50,000