2023-09-06T14:14:43-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 371013955 PRAIRIE POWER INC PRAI 2172456161 3130 PLEASANT RUN SPRINGFIELD IL 62711 CRYSTAL RINEY VP FINANCE & ACCOUNTING 2172456161 2023-08-29 1 CRYSTAL RINEY 999009999 0 LAURIE HANSON CPA P00851848 6053391999 2023-08-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRYSTAL RINEY 3130 PLEASANT RUN SPRINGFIELD IL 62711 194153743 0 X WWW.PPI.COOP X 1963 IL MEMBER-OWNED NOT-FOR-PROFIT ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE 20 20 72 0 -2813 0 0 0 158259938 191533677 1280141 1101302 311227 268916 159851306 192903895 18264 20412 8000000 8000000 8873490 8806207 0 0 0 142959552 176077276 159851306 192903895 0 0 704846695 762936088 580280695 635370088 124566000 127566000 THE COOPERATIVE'S MISSION IS TO MARKET RELIABLE, COMPETITIVELY-PRICED ENERGY AND OTHER SERVICES. 0 0 ELECTRIC PURCHASES - PURCHASED AND GENERATED KILOWATT HOURS OF ELECTRICITY FOR SALE TO MEMBER SYSTEMS. TRANSMISSION OF ELECTRICITY - TRANSMISSION OF ELECTRICITY FROM THE GENERATOR TO OUR MEMBER SYSTEMS DISTRIBUTION OF ELECTRICITY - DISTRIBUTION OF ELECTRICITY FROM THE SUBSTATION TO OUR MEMBER SYSTEMS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 335 0 1 72 1 1 1 0 0 0 0 0 0 167610306 3244206 0 0 0 X 20 20 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CRYSTAL RINEY 2172456161 3130 PLEASANT RUN SPRINGFIELD IL 62711 X TODD GROTTS DIRECTOR 1.00 X 0 0 0 RANDALL LONG DIRECTOR 1.00 X 0 0 0 MICHAEL CASPER DIRECTOR 1.00 X 0 0 0 JOSH DEWEES DIRECTOR 1.00 X 0 0 0 LYLE NELSON ALTERNATE DIRECTOR 1.00 X 700 0 0 BRENT LIVELY DIRECTOR 1.00 X 9225 0 0 JANET SPORY DIRECTOR 1.00 X 8350 0 0 JACK L CLARK DIRECTOR 2.00 X 8525 0 0 GARY L MARTIN ASSIS SEC&TREA UNTIL 06/22/VICE CHAIRMAN 1.00 X X 9575 0 0 ALISHA ANKER DIRECTOR 2.00 0.00 X 0 0 0 AMY BORNTRAGER DIRECTOR 2.00 0.00 X 0 0 0 CHAD LARIMORE DIRECTOR 2.00 0.00 X 9225 0 0 KENT METZGER DIRECTOR UNTIL 06/22/ ASSIS TREA&SEC 2.00 0.00 X 8875 0 0 TOM TRAVIS DIRECTOR 2.00 0.00 X 9925 0 0 R MICHAEL SMITH DIRECTOR 2.00 0.00 X 0 0 0 ROBERT KUHNS DIRECTOR 2.00 0.00 X 9575 0 0 ROBERT HUNZINGER VICE CHAIRMAN UNTIL 06/22/CHAIRMAN 2.00 0.00 X X 0 0 0 THOMAS MEEHAN III DIRECTOR 3.00 0.00 X 9925 0 0 JIM THOMPSON DIRECTOR 3.00 0.00 X 0 0 0 JOSH SHALLENBERGER SECRETARY/TREASURER 3.00 0.00 X X 0 0 0 JERRY RIGGINS CHAIRMAN UNTIL 06/22/DIRECTOR 4.00 0.00 X X 9225 0 0 RACHEL SEXTON DIRECTOR OF HUMAN RESOURCE 40.00 0.00 X 86166 0 44482 ROBERT REYNOLDS SR VP MEMBERS & BUSINESS DEVELOPMENT 40.00 0.00 X 228127 0 92888 MICAH BUSHNELL VP PORTFOLIO & MARKETS 40.00 0.00 X 184822 0 60404 ERIC HOBBIE PRESIDENT & CEO 40.00 0.00 X 463304 0 126360 TRACY JOHANSSON GENERAL COUNSEL 40.00 0.00 X 177536 0 58480 CRYSTAL RINEY VP FINANCE & ACCOUNTING 40.00 0.50 X 192499 0 86895 JOSEPH SMITH CHIEF TECHNOLOGY OFFICER 50.00 0.00 X 207443 0 56431 RICHARD CHAPMAN SR VP ENG. & OP. UNTIL 02/22 40.00 0.00 X 38619 0 3059 JEREMY JOHNSON VP-ENGINEERING & OPERATIONS 43.00 0.00 X 172422 0 76013 MARK CLAYTON SUPERINTENDENT OF OPERATION 40.00 0.00 X 144805 0 65235 CRAIG CURTIS PROJECT MANAGER 40.00 0.00 X 148282 0 63182 CHARLES FOGLEMAN MANAGER OF DISPATCH AND COMPLIANCE 40.00 0.00 X 145410 0 49630 KARL KOHLRUS PLANNING ENGINEER 41.00 0.00 X 167769 0 64781 CHAD ENGELBRECHT MAINTENANCE/COMBUSTION TURBINE OPERATOR 59.00 0.00 X 156840 0 40512 2607169 0 888352 36 0 1 0 JF ELECTRIC INC 100 LAKEFRONT PARKWAY EDWARDSVILLE IL 62025 ELECTRICAL LINE, SUBSTATION, AND UTILITY 9292919 THE LE MYERS COMPANY 1655 HUBBARD AVENUE DECATUR IL 62526 ELECTRICAL LINE, SUBSTATION, AND UTILITY 8905135 L KEELEY CONSTRUCTION CO 500 S EWING AVENUE SUITE G ST LOUIS MO 63103 ELECTRICAL LINE, SUBSTATION, AND UTILITY 4091218 TOTH AND ASSOCIATES INC 830 E PRIMROSE SUITE 200 SPRINGFIELD MO 65807 ENGINEERING CONSULTING SERVICES 2281831 ALLIED POWER GROUP LLC 10131 MILLS ROAD HOUSTON TX 77070 GAS AND STEAM TURBINE COMPONENT AND ROTO 2276504 31 ELECTRIC SALES 221000 166238955 166238955 DISTRIBUTION REVENUE 221000 3179563 3179563 PATRONAGE CAPITAL REVENUE 221000 2928814 2928814 19186345 19186345 191533677 1214129 1214129 20875 0 20875 20875 20875 1124854 12167 1249187 661 -124333 11506 -112827 -112827 MISCELLANEOUS INCOME 900099 235861 238674 -2813 EQUITY IN EARNINGS OF PPS 900099 12180 12180 248041 192903895 191784531 -2813 1122177 X 20412 8000000 2408272 3747576 1184236 997418 468705 663726 420 279436 1077852 55617 25924319 25360701 1228231 ELECTRIC PURCHASES 59019044 POWER PRODUCTION 33102021 TRANSMISSION 27713651 PROPERTY TAXES 609004 1043254 192903895 10103647 13470279 2200669 1917970 16560514 18636146 11735 10983573 11374207 14940012 24411620 908182789 259083739 606697987 649099050 43059264 43682279 301029 332802 704846695 762936088 32485465 27002300 450780808 529819446 92769461 74116583 4244961 4431759 580280695 635370088 X 0 0 0 0 124566000 127566000 124566000 127566000 704846695 762936088 X 0 3000000 X 0 1 X 1 0 36712829 36712829 164959219 71494097 93465122 650110785 187589642 462521143 56399956 56399956 649099050 LOAN CAP TERM CERTIFICATES 19647120 C SUBSCRIPTION CAP TERM CERTIFICATES 2252049 C PATRONAGE CAPITAL 15322100 C MISCELLANEOUS INVESTMENTS 6461010 C 43682279 FINANCIAL TRANSMISSION RIGHTS 1838768 ASSET RETIREMENT OBLIGATION 2310420 DEFERRED REVENUE -FIBER IRU 183012 DEFERRED COMPENSATION 41496 OTHER LIABILITY 58063 4431759 X 171148092 0 171148092 21755803 21755803 192903895 163148092 -21755803 -21755803 184903895 8000000 8000000 192903895 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISO SALES INCLUDED IN EXPENSE ON FINANCIALS 21,755,803. PART XII, LINE 2D - OTHER ADJUSTMENTS: MISO SALES INCLUDED IN REVENUE ON FORM 990 -21,755,803. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATIONS 8,000,000. X 1 1 X X 0 0 0 ERIC HOBBIE PRESIDENT & CEO 422201 0 29500 0 11603 0 96207 0 34454 0 593965 0 0 0 ROBERT REYNOLDS SR VP MEMBERS & BUSINESS DEVELOPMENT 206398 0 7000 0 14729 0 67785 0 29355 0 325267 0 0 0 CRYSTAL RINEY VP FINANCE & ACCOUNTING 189921 0 2000 0 578 0 53336 0 35794 0 281629 0 0 0 JOSEPH SMITH CHIEF TECHNOLOGY OFFICER 199690 0 4000 0 3753 0 54561 0 4058 0 266062 0 0 0 JEREMY JOHNSON VP-ENGINEERING & OPERATIONS 163702 0 6000 0 2720 0 42937 0 34820 0 250179 0 0 0 MICAH BUSHNELL VP PORTFOLIO & MARKETS 182226 0 2000 0 596 0 38617 0 23843 0 247282 0 0 0 TRACY JOHANSSON GENERAL COUNSEL 173305 0 3000 0 1231 0 46710 0 13725 0 237971 0 0 0 KARL KOHLRUS PLANNING ENGINEER 159271 0 2000 0 6498 0 53753 0 14185 0 235707 0 0 0 CRAIG CURTIS PROJECT MANAGER 141657 0 2000 0 4625 0 51866 0 13525 0 213673 0 0 0 MARK CLAYTON SUPERINTENDENT OF OPERATION 134747 0 2000 0 8058 0 52652 0 14142 0 211599 0 0 0 CHAD ENGELBRECHT MAINTENANCE/COMBUSTION TURBINE OPERA 152906 0 2000 0 1934 0 24742 0 16770 0 198352 0 0 0 CHARLES FOGLEMAN MANAGER OF DISPATCH AND COMPLIANCE 141384 0 2000 0 2026 0 37064 0 14203 0 196677 0 0 0 PART I, LINE 1A ERIC HOBBIE, PRESIDENT AND CEO, RECEIVES REIMBURSEMENT OF TRAVEL EXPENSES OF HIS SPOUSE WHEN SHE ACCOMPANIES HIM ON PRAIRIE POWER BUSINESS. THIS BENEFIT IS INCLUDED IN TAXABLE INCOME. SCHEDULE J, PART II, COLUMN C, DEFERRED COMPENSATION INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THE PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE REFLECTED IN THE STATEMENT FOR FORM 990, PART VII, COLUMN F. JEREMY JOHNSON OFFICER EDUCATION ASSISTANCE X 17602 11735 0 1 1 11735 FORM 990, PART VI, SECTION A, LINE 2 *JIM THOMPSON HAS OR HAD A BUSINESS RELATIONSHIP WITH TOM TRAVIS, KRISTINA FARWELL, AND LAURA MEYER. *AMY BORNTRAGER HAS OR HAD A BUSINESS RELATIONSHIP WITH KENT METZGER AND TOM SHERMAN. *ROBERT HUNZINGER HAS OR HAD A BUSINESS RELATIONSHIP WITH CHAD LARIMORE AND KEVIN MOORE. *RANDY LONG HAS OR HAD A BUSINESS RELATIONSHIP WITH THOMAS MEEHAN III AND JULIA EBERLIN. *MIKE CASPER HAS OR HAD A BUSINESS RELATIONSHIP WITH ROBERT KUHNS AND MARCIA STANGER. *ROBERT SMITH HAS OR HAD A BUSINESS RELATIONSHIP WITH JERRY RIGGINS AND ROBERT DWYER. *ALISHA ANKER HAS OR HAD A BUSINESS RELATIONSHIP WITH GARY MARTIN AND STEVE WORNER. *JOSH SHALLENBERGER HAS OR HAD A BUSINESS RELATIONSHIP WITH BRENT LIVELY AND ROBERT HOLTHAUS. *JOSH DEWEES HAS OR HAD A BUSINESS RELATIONSHIP WITH JACK CLARK AND LYLE NELSON. *TODD GROTTS HAS OR HAD A BUSINESS RELATIONSHIP WITH JANET SPORY AND JAY MORRISON." FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS THAT CONSIST OF TEN ELECTRIC DISTRIBUTION COOPERATIVES IN ILLINOIS. FORM 990, PART VI, SECTION A, LINE 7A EACH DISTRIBUTION COOPERATIVE MEMBER OF PPI NOMINATES TWO PERSONS TO SERVE AS DIRECTORS OF PPI AND ONE PERSON TO SERVE AS AN ALTERNATE DIRECTOR OF PPI TO ACT IN THE ABSENCE OF A DIRECTOR. THE MEMBERS OF PPI ELECT THE DIRECTORS AND ALTERNATE DIRECTORS AT THE ANNUAL MEETING OF MEMBERS OF PPI. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTIONS OF PPI, E.G. MERGER, CONSOLIDATION OR SALE OF SUBSTANTIALLY ALL OF THE ASSETS OF PPI OUTSIDE OF THE ORDINARY COURSE OF BUSINESS, REQUIRE APPROVAL OF PPI'S ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY MANAGEMENT OF PPI. IN ADDITION, THE FORM 990 WAS REVIEWED BY THE PPI FINANCE/LEGAL COMMITTEE, WHICH REPORTED ON THIS REVIEW TO THE FULL BOARD OF DIRECTORS. AFTER THE REVIEW, EVERY MEMBER OF THE BOARD OF DIRECTORS WAS PROVIDED WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C PPI'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE MUST ANNUALLY COMPLETE, SIGN, AND SUBMIT THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM TO THE CHAIRMAN OR PRESIDENT/CEO. IF THE CHAIRMAN OR PRESIDENT/CEO RECEIVES A FORM DISCLOSING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THE POLICY, THE CHAIRMAN MUST DISTRIBUTE THE FORM TO THE BOARD. IF THE CHAIRMAN OR PRESIDENT/CEO DISCOVERS ANY OTHER INFORMATION OR FACT, THE CHAIRMAN MUST DISCLOSE THIS TO THE BOARD. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THE POLICY, THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMMENT ORALLY AND IN WRITING REGARDING THE INFORMATION OR FACT, AND AN OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL; AND DETERMINE WHETHER THE DIRECTOR COMPLIES WITH THIS POLICY. IF THE BOARD DETERMINES THAT A DIRECTOR DOES NOT COMPLY WITH THIS POLICY, THEN THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMPLY WITH THE POLICY WITHIN THIRTY DAYS; AND IF THE DIRECTOR DOES NOT COMPLY WITH THE POLICY WITHIN THIRTY DAYS, THEN, AS ALLOWED BY LAW, THE BOARD MUST SANCTION, DISQUALIFY, AND/OR SEEK THE REMOVAL OF THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO HAS A WRITTEN EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF DIRECTORS. ANNUALLY THIS EMPLOYMENT CONTRACT IS REVIEWED AND MAY BE REVISED. IN ESTABLISHING THE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD OF DIRECTORS REVIEWS INFORMATION AVAILABLE THROUGH INDUSTRY ORGANIZATIONS, INCLUDING THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE PRESIDENT AND CEO REVIEW IS CONDUCTED ANNUALLY BY THE BOARD OF DIRECTORS. THE SALARIES OF OTHER STAFF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND CEO. THE PRESIDENT AND CEO ARE PROVIDED NUMEROUS WAGE SURVEYS AS GUIDANCE. ADDITIONALLY, THE PPI BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET. THE PRESIDENT AND CEO ARE TO DETERMINE SALARIES WITHIN THE BUDGET AMOUNT PROVIDED BY THE BOARD. THESE COMPENSATION REVIEWS ARE CONDUCTED ANNUALLY BY THE SUPERVISORS AND PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 PRAIRIE POWER, INC. MAINTAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IN A CENTRAL LOCATION AT THE ORGANIZATION'S HEADQUARTERS. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, COLUMN F AND SCHEDULE J, COLUMN C PER THE INSTRUCTIONS TO FORM 990 PART VII AND SCHEDULE J, THE AMOUNT REPORTED IN DEFERRED COMPENSATION INCLUDES THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS ARE ESTIMATES IN THE INCREASE OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THE FOLLOWING AMOUNTS ARE THE CHANGE IN ACTUARIAL VALUE, AS WELL AS THE CURRENT YEAR EXPENSE: 1. ERIC HOBBIE - CHANGE IN ACTUARIAL VALUE: $87,057; ACTUAL EXPENSE: $62,739 2. ROBERT REYNOLDS - CHANGE IN ACTUARIAL VALUE: $61,098; ACTUAL EXPENSE: $43,986 3. RICHARD CHAPMAN - CHANGE IN ACTUARIAL VALUE: $0; ACTUAL EXPENSE: $3,728 4. CRYSTAL RINEY - CHANGE IN ACTUARIAL VALUE: $47,270; ACTUAL EXPENSE: $39,683 5. JOSEPH SMITH - CHANGE IN ACTUARIAL VALUE: $48,431; ACTUAL EXPENSE: $38,586 6. RACHEL SEXTON - CHANGE IN ACTUARIAL VALUE: $11,519; ACTUAL EXPENSE: $18,508 7. TRACY JOHANSSON - CHANGE IN ACTUARIAL VALUE: $41,389; ACTUAL EXPENSE: $31,911 8. CHARLES FOGLEMAN - CHANGE IN ACTUARIAL VALUE: $32,687; ACTUAL EXPENSE: $28,801 9. JEREMY JOHNSON - CHANGE IN ACTUARIAL VALUE: $37,538; ACTUAL EXPENSE: $30,881 10. MARK CLAYTON - CHANGE IN ACTUARIAL VALUE: $48,508 ACTUAL EXPENSE: $26,706 11. KARL KOHLRUS - CHANGE IN ACTUARIAL VALUE: $48,889; ACTUAL EXPENSE: $32,631 12.CRAIG CURTIS - CHANGE IN ACTUARIAL VALUE: $47,519; ACTUAL EXPENSE: $29,116 13. MICAH BUSHNELL - CHANGE IN ACTUARIAL VALUE: $32,866; ACTUAL EXPENSE: $36,216 14. CHAD ENGELBRECHT-CHANGE IN ACTUARIAL VALUE: $20,004; ACTUAL EXPENSE: $17,628 FORM 990, PART VII IN ADDITION TO ITS BOARD DIRECTORS, THE ORGANIZATION ALSO HAS ALTERNATE DIRECTORS WHO ATTEND BOARD MEETINGS ON BEHALF OF DIRECTORS WHO AREN'T ABLE TO ATTEND. THE FOLLOWING ALTERNATE DIRECTORS DID NOT DEVOTE ANY TIME TO THE BOARD DURING THE YEAR, AND THEREFORE ARE NOT LISTED ON PART VII: -KRISTINA FARWELL -LAURA MEYER -KEVIN MOORE -MARCIA STRANGER -ROBERT DWYER -STEVE WORNER -ROBERT HOLTHAUS -TOM SHERMAN -JULIA EBERLIN -JAY MORRISON FORM 990, PART IX, LINE 4 THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETURN OF EQUITY CONTRIBUTIONS -5,000,000. PATRONAGE CAPITAL ALLOCATIONS 8,000,000. PRAIRIE POWER SOLAR LLC 3130 PLEASANT RUN SPRINGFIELD IL 62711 471787310 SOLAR GENERATION IL PRAIRIE POWER INC C 247538 1676316 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 PRAIRIE POWER SOLAR LLC M 247538 CONTRACT