2023-09-20T08:20:51-05:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2022-01-01 540346866 PRINCE GEORGE ELECTRIC COOPERATIVE PRIN 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 CARY J LOGAN JR PRESIDENT AND CEO 8048342424 2023-07-31 1 CARY LOGAN JR 999009999 0 PATRICK PITTMAN P00587461 5403450936 2023-07-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARY J LOGAN JR 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 53087438 0 X WWW.PGEC.COOP X COOPERATIVE 1938 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 9 9 71 0 0 0 0 0 41392570 52281562 25719 186039 522866 619837 41941155 53087438 0 0 943090 442119 1592486 1719996 0 0 0 37639289 44861775 40174865 47023890 1766290 6063548 95021320 101478151 59890417 63776829 35130903 37701322 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 27 0 1 71 1 0 0 0 0 0 0 0 48512879 4574559 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X ROBERT H HALL 8048342424 7103 GENERAL MAHONE HIGHWAY WAVERLY VA 23890 PAUL H BROWN CHAIRMAN 8.00 X X 20713 0 0 CHRISTOPHER T PARKER VICE CHAIRMAN 5.00 X X 16000 0 0 HERBERT R PATRICK SECRETARY - TREASURER 5.00 X X 17497 0 0 RICHARD B SCOTT ASST. SECRETARY-TREASURER 5.00 X X 16006 0 0 JOHN M BROCK JR DIRECTOR 5.00 X 16392 0 0 MATTHEW P CARDEN DIRECTOR 5.00 X 16041 0 0 KEITH M DUNN DIRECTOR 5.00 X 16981 0 0 DENYA C HANKERSON DIRECTOR 5.00 X 16701 0 0 BRIAN E COEY DIRECTOR 5.00 X 16000 0 0 CARY JEROME LOGAN JR PRESIDENT AND CEO 55.00 X 383824 0 29500 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 40.00 X 201430 0 16750 SARAT YELLEPEDDI VICE PRESIDENT OF INFORMAT 40.00 X 221789 0 24406 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 40.00 X 180900 0 23211 CRYSTAL R JOHNSON-SMITH VICE PRESIDENT OF HUMAN RE 40.00 X 149709 0 5685 HAROLD CHAMBERS STAFF 40.00 X 173605 0 3093 JASON JESSUP CONSTRUCTION FOREMAN 40.00 X 129467 0 1854 GEORGE PRUITT JOURNEYMAN LINEMAN 40.00 X 118695 0 1680 JOSHUA KRENICKY MANAGER OF OPERATIONS 40.00 X 120105 0 2070 DOUGLAS DUNN JOURNEYMAN LINEMAN 40.00 X 120594 0 1679 1952449 0 109928 19 0 1 0 PURE LIFE CABLE SOLUTIONS LLC 123 NORTH WHITE ST FORT MILL SC 29715 FIBER DROPS AND ISNTALL 2497793 TELICS 3440 LAKEMONT BLVD FORT MILL SC 29708 MAINLY FIBER ENGINEERING 1295103 XYLEM 4828 PARKWAY PLAZA BLVD CHARLOTTE NC 28217 TREE & RIGHT OF WAY SERVICES 1152711 RIVERY CITY CONSTRUCTION INC 3534 CHERRY RUN ROAD WASHINGTON NC 27889 FIBER & ELECTRIC ENGINEERING & OPERATION 236452 CABLE PROTECTION SERVICES PO BOX 4816 MIDLOTHIAN VA 23112 LINE LOCATION 105039 5 ELECTRICITY TO MEMBERS 221000 42075149 42075149 INTERNET TO MEMBERS 221000 4409325 4409325 CONTRIBUTION IN AID OF CONSTRUCTI 221000 3676000 3676000 BROADBAND SUBSIDIES 221000 1540270 1540270 PATRONAGE ALLOCATIONS 221000 455894 455894 124924 124924 52281562 56402 56402 129637 0 129637 129637 129637 OTHER NON-OPERATING INCOME 900099 619837 619837 619837 53087438 52906112 0 181326 442119 1289891 430105 101759 20004 19317 196049 1010817 88267 27114 45403 2171460 4134408 32779 COST OF POWER 28678641 DISTRIBUTION MAINTENANC 3000947 CONSUMER ACCOUNTS 2429720 DISTRIBUTION OPERATION 2115400 789690 47023890 2708083 1857765 6802506 7230845 2505075 3801618 1325846 1249835 114439007 44483553 64660913 69955454 16996088 17359825 22809 22809 95021320 101478151 3963478 4808517 50669173 52614017 5257766 6354295 59890417 63776829 X 0 0 0 0 35130903 37701322 35130903 37701322 95021320 101478151 X 6063548 -3493129 X X 0 1 X 1 0 1878776 1878776 6009074 2943244 3065830 94563437 41540309 53023128 11987720 11987720 69955454 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 591949 C COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES 12500 C VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES 9960 C OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS 15662549 C TEC TRADING, INC 172500 C PATRONAGE CAPITAL ALLOCATIONS 802969 C VARIOUS MEMBERSHIP FEES 1025 C OTHER INVESTMENTS 106373 C 17359825 CONSUMER DEPOSITS 1157432 OTHER CURRENT AND ACCRUED LIABILITIES 1118963 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 475186 RESERVE FOR STORM DAMAGE 774313 DEFERRED CREDITS 2828401 6354295 49392438 0 49392438 3695000 3695000 53087438 46562771 0 46562771 461119 461119 47023890 PART XI, LINE 4B - OTHER ADJUSTMENTS: COMMERCIAL ACTIVATION FEE CONTRIBUTION IN AID OF CONSTRUCTION PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS COMMERCIAL ACTIVATION FEE X X X 0 1 0 CARY JEROME LOGAN JR PRESIDENT AND CEO 355587 0 0 0 28237 0 6100 0 23400 0 413324 0 0 0 SARAT YELLEPEDDI VICE PRESIDENT OF INFORMAT 199396 0 0 0 22393 0 3988 0 20418 0 246195 0 0 0 ROBERT HOWARD HALL VICE PRESIDENT AND CHIEF F 187984 0 0 0 13446 0 3760 0 12990 0 218180 0 0 0 WALTER LEE CHAPPELL VICE PRESIDENT OF OPERATIO 166150 0 0 0 14750 0 3323 0 19888 0 204111 0 0 0 HAROLD CHAMBERS STAFF 173605 0 0 0 0 0 3093 0 0 0 176698 0 0 0 CRYSTAL R JOHNSON-SMITH VICE PRESIDENT OF HUMAN RE 139425 0 0 0 10284 0 2788 0 2897 0 155394 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PRINCE GEORGE ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST WHETHER ACTUAL OR PERCEIVED ARE PROHIBITED. ANY CONFLICT OR POTENTIAL CONFLICT MUST BE REPORTED TO CEO, CHAIRMAN OF BOARD, COMPLIANCE OFFICER, OR AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 PGEC UTILIZES 3RD PARTY CONTRACTOR TO DETERMINE SALARY RANGES. THESE ARE BASED ON POSITION, GEOGRAPHIC LOCATION, AND COMPARISON TO OTHER ORGANIZATIONS FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 535. CHANGE IN OTHER COMPREHENSIVE INCOME 46,906. CHANGE IN UNCLAIMED CAPITAL CREDITS 135,430. CONTRIBUTION IN AID OF CONSTRUCTION -3,676,000. FORM 990, PART XII, LINE 2C THIS PROCESS IS UNCHANGED FROM THE PY PGEC ENTERPRISES LLC PO BOX 196 WAVERLY VA 23890 813081868 INTERNET ACCESS VA 5930595 17998926 PRINCE GEORGE ELECTRIC COOPERATIVE