2023-11-09T07:26:51-06:00 2022-12-31 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2022-01-01 570299350 CENTRAL ELECTRIC POWER COOPERATIVE INC CENT 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 2023-11-08 1 RYAN THOMAS XXX-XX-XXXX 1 SHELLIE S JOHNSON P00294226 8037718943 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RYAN THOMAS 20 COOPERATIVE WAY COLUMBIA SC 29210 1463989462 0 X WWW.CEPCI.ORG X 1948 SC CENTRAL EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. WE WILL PROVIDE A RELIABLE, LONG TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. WE WILL PROVIDE FOR RELIABLE DELIVERY OF POWER, WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. WE WILL PROVIDE ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES AS DIRECTED BY THE BOARD OF TRUSTEES. 40 40 58 0 0 0 0 0 1332327841 1456068301 1197276 757751 1739056 2196319 1335264173 1459022371 1682730 8046310 4427465 12398749 10134540 11005118 0 0 0 1318260865 1427550620 1334505600 1459000797 758573 21574 437527195 519315059 372553828 443946712 64973367 75368347 CENTRAL IS A GENERATION AND TRANSMISSION (G&T) COOPERATIVE SUPPLYING POWER TO TWENTY MEMBER DISTRIBUTION COOPERATIVES IN SOUTH CAROLINA. CENTRAL CONSTRUCTS TRANSMISSION TAP LINES TO SERVE SUBSTATIONS OWNED BY THE DISTRIBUTION COOPERATIVES. 0 0 CENTRAL EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. WE WILL PROVIDE A RELIABLE, LONG TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. WE WILL PROVIDE FOR RELIABLE DELIVERY OF POWER, WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. WE WILL PROVIDE ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES AS DIRECTED BY THE BOARD OF TRUSTEES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 102 0 1 58 1 0 0 0 0 0 1456068301 2954071 0 0 0 X 40 40 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA RI NC X RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 X A BERL DAVIS SECRETARY/TREASURER 7.00 X X 24461 0 0 ANDY MCKNIGHT TRUSTEE 5.00 2.00 X 13117 1418 0 ANITA P WHITNEY TRUSTEE 7.00 X 15598 0 0 B ROBERT PAULLING TRUSTEE 5.00 4.00 X 14535 6027 0 BRIAN W BROUGHTON TRUSTEE 5.00 X 15953 0 0 CAROLYN BOYD TRUSTEE 5.00 X 13117 0 0 CHAD T LOWDER TRUSTEE 7.00 2.00 X 19143 0 0 CHARLES R SMITH TRUSTEE 5.00 X 14889 0 0 CHARLES R ALLEN TRUSTEE 5.00 X 15953 0 0 DAVID EFELKEL TRUSTEE 5.00 2.00 X 11344 2836 0 DOUGLAS A REEVES VICE CHAIRMAN 7.00 X X 38995 0 0 E PAUL BASHA CHAIRMAN 7.00 2.00 X X 39704 4963 0 EUGENE HARRIOTT JR TRUSTEE 5.00 2.00 X 2836 1418 0 FRANKLIN M LOOPER JR TRUSTEE 5.00 2.00 X 13117 0 0 G KEITH AVERY TRUSTEE 5.00 2.00 X 16307 3191 0 GARY L STOOKSBURY TRUSTEE 5.00 X 21625 0 0 HAMER L PARNELL TRUSTEE 5.00 X 13117 0 0 J DAVID WASSON JR TRUSTEE 7.00 2.00 X 23752 2836 0 H WAYNE DEWITT TRUSTEE 5.00 X 18080 0 0 JOHNNIE L DICKERT TRUSTEE 5.00 X 14889 2127 0 ROBERT G ARDIS III TRUSTEE 7.00 X 27297 0 0 STEVE CHEWNING TRUSTEE 7.00 2.00 X 18434 0 0 TERRY W MALLARD TRUSTEE 5.00 2.00 X 17371 4254 0 MARK L WALLING TRUSTEE 5.00 X 14535 0 0 WILLIAM L FLEMING JR TRUSTEE 5.00 X 18789 0 0 MITCHELL RABON TRUSTEE 5.00 X 13117 0 0 JAMES L LOVINGGOOD TRUSTEE 5.00 X 16307 0 0 WF DAVIS TRUSTEE 7.00 X 13471 2127 0 BRUCE BACON TRUSTEE 5.00 X 17016 0 0 JAMES E STEWART JR TRUSTEE 5.00 X 17016 0 0 MARY B SHERIDAN TRUSTEE 5.00 2.00 X 13471 3900 0 JAMES M BUNTON JR TRUSTEE 5.00 2.00 X 14889 2836 0 CHARLES E ADAIR TRUSTEE 5.00 X 15598 0 0 JAMES L ROWE TRUSTEE 5.00 4.00 X 14889 5672 0 BARBARA F WESTON TRUSTEE 5.00 X 15244 0 0 JAMES A RISINGER TRUSTEE 5.00 X 14889 0 0 MICHAEL FULLER TRUSTEE - SEE SCHEDULE O 5.00 2.00 X 0 0 0 DANNY SHELLEY TRUSTEE - SEE SCHEDULE O 7.00 X 0 0 0 FRANKLIN C BLANTON TRUSTEE 5.00 X 10990 0 0 JEFFREY M LEWIS TRUSTEE 5.00 X 14889 0 0 ROBERT HOCHSTETLER PRESIDENT & CEO 40.00 X 875718 0 585727 JOHN BRANTLEY SR VP OF ADMINISTRATION 40.00 X 391941 0 150556 MRYAN THOMAS VP OF ADMINISTRATION & CFO 40.00 X 29024 0 9178 MARK A SVRCEK SVP OF MEMBER SOLUTIONS 40.00 X 387721 0 176394 JAMES PRICE SVP OF MEMBER SERVICES 40.00 X 307713 0 119866 CHRIS WOLFE MANAGER OF POWER SUPPLY CO 40.00 X 232601 0 58150 WILLIAM WARE VP OF ENGINEERING & ENGINE 40.00 X 254032 0 178020 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 40.00 X 192936 0 106953 GERALD FLEMING DIRECTOR OF POWER SUPPLY 40.00 X 189385 0 104396 JAMES TINDAL DIRECTOR OF TRANSMISSION D 40.00 X 163936 0 191288 DINAH RAVEN CORPORATE CONTROLLER 40.00 X 161588 0 69736 JAMES JACKSON SENIOR ENGINEER II - OPERATIONS & RELIABILITY 40.00 X 151441 0 68986 3986780 43605 1819250 31 0 1 0 BLUROC LLC 15 ATWOOD DRIVE NORTHAMPTON MA 01060 CONSTRUCTION AND MAINTENANCE 2377533 TIENCKEN LAW FIRM LLC 234 SEVEN FARMS DRIVE DANIEL ISLAND SC 29492 LEGAL 1727974 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 46032 CONSULTING 1479875 VOLT POWER 2910 HWY 31 NW HARTSELLE AL 35640 CONSTRUCTION AND MAINTENANCE 1218414 RADIANCE SOLAR LLC 916 JOSEPH E LOWERY BLVD ATLANTA GA 30318 CONSTRUCTION AND MAINTENANCE 317094 17 SALES OF ELECTRIC ENERGY 221000 1456068301 1456068301 1456068301 840425 840425 4884417 4967091 -82674 -82674 -82674 CONTRACT TERMINATION 221000 1359375 1359375 PATRONAGE CAPITAL 221000 713683 713683 MISCELLANEOUS 221000 123261 123261 2196319 1459022371 1458264620 0 757751 8046310 12398749 3947979 4383488 1160072 1038380 475199 2321057 92346 53438 8328169 19731 228742 797650 544776 319879 276077 6514984 11922145 237817 PURCHASED AND GENERATED 1368946673 OPERATIONS & MAINTENANC 13274672 TAXES-TRANSMISSION 8950155 ORGANIZATION & PROFESSI 3113214 1609095 1459000797 6223 7625 13973998 11933418 99745379 157572631 1060796 1223774 4144225 2555203 430742613 116020972 291696352 314721641 5519841 5530813 4885573 5464270 16494808 20305684 437527195 519315059 110507579 146294640 590293 14607565 259849736 281404236 1606220 1640271 372553828 443946712 X 1173 1173 0 0 64972194 75367174 64973367 75368347 437527195 519315059 X 21574 10373406 X 0 1 X 1 0 81133954 81133954 12625228 2158331 10466897 285972946 113862641 172110305 51010485 51010485 314721641 ASSET RETIREMENT OBLIGATION 1640271 1640271 1458976935 0 1458976935 45436 45436 1459022371 1446578186 0 1446578186 12422611 12422611 1459000797 PART XI, LINE 4B - OTHER ADJUSTMENTS: CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST #34-7164073 45,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARGINS ALLOCATED TO MEMBERS 12,398,749. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFEIT TRUST 34-7164073 23,862. 1 BLUE RIDGE ELECTRIC COOPERATIVE INC PO BOX 277 PICKENS SC 29671 570125510 501(C)(12) 326418 0 ECONOMIC DEVELOPMENT BROAD RIVER ELECTRIC COOPERATIVE INC PO BOX 2269 GAFFNEY SC 29342 570128696 501(C)(12) 1262000 0 ECONOMIC DEVELOPMENT COASTAL ELECTRIC COOPERATIVE INC 2269 JEFFRIES HWY WALTERBORO SC 29488 570143233 501(C)(12) 25000 0 ECONOMIC DEVELOPMENT MARLBORO ELECTRIC COOPERATIVE INC PO BOX 1057 BENNETTSVILLE SC 29512 570204115 501(C)(12) 310000 0 ECONOMIC DEVELOPMENT PEE DEE ELECTRIC COOPERATIVE INC PO BOX 491 DARLINGTON SC 29540 570223728 501(C)(12) 1060000 0 ECONOMIC DEVELOPMENT YORK ELECTRIC COOPERATIVE INC PO BOX 150 YORK SC 29745 570274084 501(C)(12) 55020 0 ECONOMIC DEVELOPMENT SANTEE ELECTRIC COOPERATIVE INC PO BOX 548 KINGSTREE SC 29556 570240935 501(C)(12) 1037600 0 ECONOMIC DEVELOPMENT TRI-COUNTY ELECTRIC COOPERATIVE INC PO BOX 217 ST MATTHEWS SC 29135 570263136 501(C)(12) 20000 0 ECONOMIC DEVELOPMENT AIKEN ELECTRIC COOPERATIVE INC PO BOX 417 AIKEN SC 29802 570113065 501(C)(12) 1000000 0 ECONOMIC DEVELOPMENT BLACK RIVER ELECTRIC COOPERATIVEINC PO BOX 130 SUMTER SC 29151 570124487 501(C)(12) 1500000 0 ECONOMIC DEVELOPMENT FAIRFIELD ELECTRIC COOPERATIVE INC PO BOX 2500 BLYTHEWOOD SC 29016 570161235 501(C)(12) 1420272 0 ECONOMIC DEVELOPMENT HORRY ELECTRIC COOPERATIVE INC PO BOX 119 CONWAY SC 29528 570184136 501(C)(12) 30000 0 ECONOMIC DEVELOPMENT PART I, LINE 2: ECONOMIC DEVELOPMENT GRANT PROGRAMS ARE ADMINISTERED THROUGH PALMETTO ECONOMIC DEVELOPMENT CORPORATION AND ITS BOARD. EXCEPTIONS TO THESE PROGRAM GUIDELINES MUST BE APPROVED BY CENTRAL'S BOARD. X 1 1 X X X X X 0 1 0 ROBERT HOCHSTETLER PRESIDENT & CEO 856500 0 18832 0 386 0 556762 0 28965 0 1461445 0 0 0 MARK A SVRCEK SVP OF MEMBER SOLUTIONS 380026 0 3883 0 3812 0 148763 0 27631 0 564115 0 0 0 JOHN BRANTLEY SR VP OF ADMINISTRATION 358664 0 3833 0 29444 0 131424 0 19132 0 542497 0 14522 0 WILLIAM WARE VP OF ENGINEERING & ENGINE 237155 0 6735 0 10142 0 152134 0 25886 0 432052 0 0 0 JAMES PRICE SVP OF MEMBER SERVICES 294689 0 9575 0 3449 0 97677 0 22189 0 427579 0 0 0 JAMES TINDAL DIRECTOR OF TRANSMISSION D 162201 0 3273 0 -1538 0 170006 0 21282 0 355224 0 0 0 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 194821 0 2675 0 -4560 0 82378 0 24575 0 299889 0 0 0 GERALD FLEMING DIRECTOR OF POWER SUPPLY 184636 0 4508 0 241 0 82720 0 21676 0 293781 0 0 0 CHRIS WOLFE MANAGER OF POWER SUPPLY CO 226742 0 3783 0 2076 0 37299 0 20851 0 290751 0 0 0 DINAH RAVEN CORPORATE CONTROLLER 155215 0 6383 0 -10 0 54708 0 15028 0 231324 0 0 0 JAMES JACKSON SENIOR ENGINEER II - OPERATIONS & RE 143746 0 5526 0 2169 0 53383 0 15603 0 220427 0 0 0 PART I, LINE 1A AS PART OF ITS WELLNESS PROGRAM, CENTRAL OFFERS EACH EMPLOYEE AND THEIR COVERED FAMILY MEMBER $20 PER MONTH TOWARDS THEIR HEALTH CLUB MEMBERSHIP. UNTIL THE ANNUAL CAP OF $240 FOR THOSE WITH "EMPLOYEE ONLY" MEDICAL PLAN COVERAGE AND $480 FOR THOSE WITH "EMPLOYEE PLUS" (SPOUSE, CHILD, FAMILY) IS MET, CENTRAL WILL ALSO REIMBURSE UP TO $150 PER EMPLOYEE ANNUALLY FOR THE COST OF FITNESS EQUIPMENT. PART I, LINE 3 CENTRAL OBTAINS AN INDEPENDENT, THIRD-PARTY WAGE AND SALARY STUDY EVERY THREE YEARS. EVERY YEAR, CENTRAL PARTICIPATES IN A COMPENSATION AND BENEFITS SURVEY PERFORMED BY THE COOPERATIVE SYSTEM'S NATIONAL ORGANIZATION. THESE MARKET COMPARABLES ARE REVIEWED BY THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. PART I, LINE 4B CENTRAL'S PRESIDENT AND CEO, ROBERT HOCHSTETLER, AND SVP OF ADMINISTRATION AND CFO, RYAN THOMAS, PARTICIPATED IN CENTRAL'S 457(B) DEFERRED COMPENSATION PLAN ESTABLISHED IN 2010. IN 2022, HOCHSTETLER AND THOMAS ELECTED TO DEFER $19,500 AND $1,708 RESPECTIVELY OF SALARY UNTIL REACHING NORMAL RETIREMENT DATE. IN 2022, JOHN BRANTLEY, JAMES C. PRICE, AND RYAN THOMAS PARTICIPATED IN CENTRAL'S EXECUTIVE BENEFIT RESTORATION PLAN. BENEFITS ACCRUED UNDER THIS PLAN ARE ACTUARIALLY DETERMINED BASED ON SALARY, AGE, AND YEARS OF SERVICE. IN 2022, JOHN BRANTLEY RECEIVED A PAYOUT OF $14,522 WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). AS INDICATED ON SCHEDULE J, PART II, COLUMN F, THIS PAYOUT WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990. FORM 990, PART VI, SECTION A, LINE 2 CENTRAL'S 20 MEMBER DISTRIBUTION COOPERATIVES EACH HAVE REPRESENTATION OF TWO MEMBERS TO THE BOARD. THESE REPRESENTATIVES CONSIST OF THE COOPERATIVE'S CHIEF EXECUTIVE OFFICER AND A MEMBER OF THE COOPERATIVE'S BOARD OF TRUSTEES. IN EACH CASE, THESE TWO PEOPLE WOULD HAVE A BUSINESS RELATIONSHIP OUTSIDE OF CENTRAL'S BOARD. BOARD MEMBERS ALSO SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS TOGETHER. FORM 990, PART VI, SECTION A, LINE 6 CENTRAL'S MEMBERSHIP CONSISTS OF TWENTY DISTRIBUTION COOPERATIVES WITH REPRESENTATION OF TWO TRUSTEES EACH ON CENTRAL'S BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH DISTRIBUTION COOPERATIVE ELECTS ONE BOARD MEMBER FROM ITS OWN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE RETURN WAS REVIEWED BY THE FINANCE, AUDIT AND RISK COMMITTEE AND THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM SIGNED BY EACH BOARD MEMBER AND RETAINED FOR RECORDS FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS CENTRAL HIRES AN OUTSIDE CONSULTANT TO PERFORM AN INDEPENDENT SALARY STUDY. THE CONSULTANT REVIEWS THE JOB DESCRIPTIONS OF ALL CENTRAL EMPLOYEES, INCLUDING THE CEO, OFFICERS AND KEY EMPLOYEES. SALARY GRADE SCALES ARE APPLIED TO EACH POSITION AND A SALARY RANGE DETERMINED. IN ADDITION, MARKET COMPARABLES ARE REVIEWED FOR THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. FORM 990, PART VI, SECTION C, LINE 19 NOT AVAILABLE FOR PUBLIC INSPECTION. PART VII, SECTION A - PER DIEM PAID TO COOPERATIVE TWO TRUSTEES DID NOT RECEIVE COMPENSATION FOR SERVING ON THE BOARD OF TRUSTEES BECAUSE COMPENSATION WAS PAID DIRECTLY TO THE COOPERATIVE EMPLOYING THE INDIVIDUAL. DANNY SHELLEY IS EMPLOYED BY HORRY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $15,243, WAS PAID DIRECTLY TO THAT COOPERATIVE. MICHAEL S. FULLER IS EMPLOYED BY BERKELEY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $18,434, WAS PAID DIRECTLY TO THAT COOPERATIVE. FORM 990, PART XI, LINE 9: MARGINS ALLOCATED TO MEMBERS 12,398,749. OTHER COMPREHENSIVE MARGIN RELATED TO POSTRETIREMENT BENEFIT OBLIGATION -1,699,140. OTHER COMPREHENSIVE MARGIN RELATED TO EXECUTIVE BENEFIT OBLIGATION -304,629. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST 34-7164073 -21,574. DEMAND SIDE TOOLS LLC 20 COOPERATIVE WAY COLUMBIA SC 29210 352648278 COMPUTER SOFTWARE SC -10520 50001 CENTRAL ELECTRIC POWER COOPERATIVE INC PALMETTO ECONOMIC DEVELOPMENT CORP 1201 MAIN STREET COLUMBIA SC 29201 570873176 ECONOMIC DEVELOPMENT FOR UTILITY COMPANIES SC 501(C)(3) LINE 3 CENTRAL ELECTRIC POWER COOPERATIVE INC 1 COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC 101 ENTERPRISE WAY WEST COLUMBIA SC 29170 MATERIAL SUPPLIER FOR ELECTRIC COOPERATIVES SC C 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 PALMETTO ECONOMIC DEVELOPMENT CORP L 3698046 ACTUAL COST COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC A 9070246 ACTUAL COST