2023-11-11T03:03:21-05:00 2023-06-30 990 2022-07-01 310676582 BUCKEYE POWER INC % Pat OLoughlin BUCK 6144307826 6677 BUSCH BLVD COLUMBUS OH 432291101 William A Roberts VP Finance & CFO 2023-11-11 2022 2023-04-26 12:10:37Z Pat OLoughlin 6677 BUSCH BLVD COLUMBUS OH 432291101 832696275 false X X 1949 OH Deliver to Members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities. 25 25 79 0 0 0 0 0 809956444 825996768 547070 1525773 3917129 5173734 814420643 832696275 0 0 0 0 8331657 8743505 0 0 0 769475011 783244543 777806668 791988048 36613975 40708227 1739976540 1688219536 1222371930 1166829052 517604610 521390484 Deliver to Members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities. false false 0 0 827589389 Buckeye Power Inc. Buckeye is an electric generation and transmission cooperative. Buckeye provides wholesale electric service to its 25 Members constituting all of the electric distribution cooperatives engaged in the sale of electricity within the State of Ohio. Buckeye which is headquartered in Columbus Ohio is a not-for-profit corporation operating on a cooperative basis. Incorporated under the laws of the state of Ohio. 0 0 0 0 0 0 0 0 0 0 false false false false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false true false false false false true true false false false false true 76 0 true 79 true false false false false false false false 0 false false false false false false false 722156649 110539626 false true false X 25 25 true false false false true true false true true false false true true true true true true true true false GA X William Roberts 6144307826 6677 BUSCH BLVD COLUMBUS OH 432291101 Steven Nelson Chairman 0.13 0.00 X 9350 0 0 John Metcalf Vice Chairman 2.87 0.06 X 5300 0 0 Todd Ware Treasurer 2.07 0.00 X 2250 0 0 Phillip Caskey Trustee 1.63 0.00 X 0 0 0 Ted Holsapple Trustee 2.00 0.00 X 0 0 0 Daniel McNaull Trustee 2.73 0.00 X 0 0 0 Tonda Meadows Trustee 0.00 0.00 X 0 0 0 Brian Hill Trustee 1.88 0.00 X 0 0 0 Bill Barnhart Trustee 1.79 0.00 X 0 0 0 Glenn Miller Trustee 2.00 0.00 X 0 0 0 Larry Fenbers Trustee 2.50 0.50 X 0 0 0 Joe Waltz Trustee 0.29 0.00 X 0 0 0 Gary Rowland Trustee 2.12 0.00 X 0 0 0 Tom Wofenbarger Trustee 1.55 0.15 X 0 0 0 Gary Knapke Trustee 0.00 0.00 X 0 0 0 Dan Bodette Trustee 0.19 0.00 X 0 0 0 Ed VanHoose Trustee 2.00 0.00 X 0 0 0 Darin Thorp Trustee 1.25 0.00 X 0 0 0 George Carter Trustee 1.51 0.00 X 1500 0 0 Ronald Salyer Trustee 1.27 0.40 X 0 0 0 Richard Lemonds Secretary 1.68 0.34 X 0 0 0 Brett Perkins Trustee 2.36 0.00 X 2875 0 0 Anthony Smith Trustee 0.88 0.00 X 0 0 0 Jeff Triplett Trustee 1.21 0.00 X 0 0 0 Erika Ackley Trustee 1.11 0.00 X 0 0 0 Kent Eldridge Trusett 0.00 0.00 X 0 0 0 Matt Berry Trustee 0.00 0.00 X 0 0 0 Randy Price Trustee 0.00 0.00 X 0 0 0 Ryan Smith Trustee 0.00 0.00 X 0 0 0 Tim Street Trustee 0.00 0.00 X 0 0 0 William Swango Trustee 0.15 0.00 X 0 0 0 Tom Alban VP Power Generation 38.40 1.60 X 282144 11756 160635 Craig Grooms Chief Operating Officer 38.00 2.00 X 279676 14720 168681 Kurt Helfrich General Council 34.00 6.00 X 309080 54544 117873 Doug Miller VP Statewide Services 10.00 30.00 X 71817 215452 229579 Patrick O'Loughlin President CEO 32.80 7.20 X 1950699 428202 145556 Kevin Fletcher OM Plant Technician Principal 40.00 0.00 X 203391 0 68037 William Roberts VP Finance CFO 32.00 8.00 X 285837 71459 145434 Greg Niese Director of IT 36.00 4.00 X 172196 19133 132233 Randell Keefer Director Fuel Procurement Byproduct Sales 40.00 0.00 X 198832 0 85487 Dave Richardson Plant Manager 40.00 0.00 X 200124 0 83520 Bethany Schunn Plant Manager 40.00 0.00 X 241945 0 66947 Kevin Zemanek Assistant VP Operations 37.20 2.80 X 180281 13570 73181 4397297 828836 1477163 0 true true true THOMPSON HINE LLP 3900 Key Center Cleveland OH 44114 Legal 1138170 CROWE LLP PO Box 71570 Chicago IL 60694 Audit 161454 Crowne Electric Engineering 175 Edison Drive Middletown OH 45044 Other Services 124200 Distributed Solar Development 200 Harborside Drive Schenectady NY 12305 Other Services 101902 0 0 0 0 0 0 0 0 Utilities 221000 825996768 825996768 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 825996768 1525773 0 0 1525773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other activity 900099 3581113 0 0 3581113 Utilities 221000 1592621 1592621 0 0 0 0 0 0 0 0 0 0 5173734 832696275 827589389 0 5106886 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6037213 0 0 0 0 0 0 0 2105534 0 0 0 600758 0 0 0 0 0 0 0 534426 0 0 0 157000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2362895 0 0 0 286224 0 0 0 0 0 0 0 0 0 0 0 107360 0 0 0 247678 0 0 0 0 0 0 0 97315 0 0 0 40062204 0 0 0 0 0 0 0 112155663 0 0 0 2857413 0 0 0 Fuel 320807858 0 0 0 Transmission 169070186 0 0 0 Production 85560993 0 0 0 Maintenance 51310495 0 0 0 -2373167 0 0 0 791988048 0 0 0 0 0 0 0 61074823 55109030 0 0 0 0 85924488 56801212 0 0 0 0 0 0 60232669 79980373 1945054 1498836 1309057724 635023756 659634286 674033968 0 0 0 0 46165426 45329377 0 0 824999794 775466740 1739976540 1688219536 82061174 68951156 0 0 25000000 30000000 0 0 0 0 0 0 1028191454 948774003 15000000 49350000 72119302 69753893 1222371930 1166829052 X 27204218 27204218 0 0 490400392 494186266 517604610 521390484 1739976540 1688219536 40708227 0 0 0 0 -36922353 X false true X true false 4555066 4555066 1235825488 584642408 651183080 18985840 18304601 681239 49691330 32076747 17614583 674033968 Intangible Plant 258355274 CWIP 15989362 Non Utility Property 3019181 Other 495503117 Regulatory Asset - Transmission Costs 1143088 Regulatory Asset - Fuel Cost 1456718 775466740 ARO Liabilities 51113572 Consent Decree 928388 Accumulated Post Employment Liabilities 1710695 Regulatory Liability - Outage Reserve 15000000 Other 1001238 69753893 X 832696275 0 832696275 0 832696275 791988048 0 791988048 0 791988048 Part X, line 2 The Company accounts for uncertainty in income taxes in their financial statements as required under FASB ASC 740 "Accounting for Uncertainty in Income Taxes. Under FASB ASC 740 an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained. The Company does not have any material uncertain income tax positions. For the years ended June 30 2023 and 2022 there were no interest or penalties recorded or included in the Consolidated Statements of Comprehensive Margin. false true false Tom Alban VP Power Generation 267565 11149 5136 214 9443 393 135668 5653 18541 773 436353 18182 0 0 Craig Grooms Chief Operating Officer 266199 14010 4133 218 9345 492 135877 7151 24370 1283 439924 23154 0 0 Kurt Helfrich General Council 294725 52010 5398 953 8957 1581 77877 13743 22315 3938 409272 72225 0 0 Doug Miller VP Statewide Services 69318 207953 463 1388 2037 6111 50988 152964 6407 19220 129213 387636 0 0 Patrick O'Loughlin President & CEO 1939916 425835 287 63 10496 2304 103519 22724 15837 3476 2070055 454402 0 0 William Roberts VP Finance & CFO 275475 68869 2280 570 8082 2020 102573 25643 13774 3444 402184 100546 0 0 Kevin Zemanek Assistant VP Operations 178646 13446 1256 95 379 29 50581 3807 17477 1316 248339 18693 0 0 Bethany Schunn Plant Manager 226770 0 14709 0 466 0 40981 0 25966 0 308892 0 0 0 Kevin Fletcher O&M Plant Technician Principal 202555 0 350 0 486 0 43967 0 24070 0 271428 0 0 0 Dave Richardson Plant Manager 197992 0 350 0 1782 0 64612 0 18908 0 283644 0 0 0 Randell Keefer Director Fuel Procurement & Byproduct Sales 192709 0 4350 0 1773 0 61417 0 24070 0 284319 0 0 0 Greg Niese Director of IT 171042 19005 315 35 839 93 97469 10830 21541 2393 291206 32356 0 0 Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Pat O'Loughlin, 21936| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Kurt Helfrich, 11076| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| William Roberts, 10225| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Tom Alban, 0| Steve Nelson Director of ACES Power Marketing 2375021 Dues paid false Pat O'Loughlin Director of ACES Power Marketing 2375021 Dues paid false Tom Alban Director of Ohio Valley Electric Corporation 138765637 Demand & energy charges paid false Pat O'Loughlin Director of Ohio Valley Electric Corporation 138765637 Demand & energy charges paid false Steve Nelson Director of Ohio Valley Electric Corporation 138765637 Demand & energy charges paid false Tom Alban Officer of National Power Cooperative 200526 Power debt & other charges paid false Craig Grooms Officer of National Power Cooperative 200526 Power debt & other charges paid false Pat O'Loughlin Officer of National Power Cooperative 200526 Power debt & other charges paid false William Roberts Officer of National Power Cooperative 200526 Power debt & other charges paid false Tom Alban Officer of Buckeye Power Generating 175377587 Power debt & other charges paid false Part V | PartandLinenumber:,Explanation:| Part IV General,Name of interested person: Craig Grooms Relationship between interested person and the organization: Officer of Buckeye Power Generating LLC Amount of transaction: XXX-XX-XXXX Description of transaction: Power debt & other charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: Pat O'Loughlin Relationship between interested person and the organization: Officer of Buckeye Power Generating LLC Amount of transaction: XXX-XX-XXXX Description of transaction: Power debt & other charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: William Roberts Relationship between interested person and the organization: Officer of Buckeye Power Generating LLC Amount of transaction: XXX-XX-XXXX Description of transaction: Power debt & other charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: Tom Alban Relationship between interested person and the organization: Director of Cardinal Operating Company Amount of transaction: XXX-XX-XXXX Description of transaction: Demand and energy charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: Steve Nelson Relationship between interested person and the organization: Director of Cardinal Operating Company Amount of transaction: XXX-XX-XXXX Description of transaction: Demand and energy charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: Pat O'Loughlin Relationship between interested person and the organization: Director of Cardinal Operating Company Amount of transaction: XXX-XX-XXXX Description of transaction: Demand and energy charges paid. Sharing of organization's revenue? No| Part IV General,Name of interested person: Rick Lemonds Relationship between interested person and the organization: Director of Cardinal Operating Company Amount of transaction: XXX-XX-XXXX Description of transaction: Demand and energy charges paid. Sharing of organization's revenue? No| Part VI, Line 2 Ed VanHoose has a business relationship with Gary Rowland. Part VI, Line 6 Not-for-profit Corporation Buckeye Power Inc has 25 members which consist of the 25 rural electric distribution cooperatives serving Ohio. Part VI, Line 7a Class of the person: Members Nature of their rights: Each of the 25 members of Buckeye has the right to appoint one person to the Board of Trustees. Part VI, Line 11b The Form 990 is prepared and reviewed by Company staff and then a copy is provided to the Trustees for comments before it is filed with the Internal Revenue Service. Part VI, Line 12c Buckeye Power Inc. annually discusses with officers trustees and key employees the filing and disclosure requirements to determine if any conflicts exist. Part VI, Line 15 Name of person: Patrick O'Loughlin The process used to establish compensation of the person who served in: Compensation for the CEO and employees are reviewed on an annual basis. Buckeye Power Inc. participates in industry compensation surveys and obtains the results of those surveys. Buckeye hires an outside compensation consultant who assists in obtaining additional market data and identifying the appropriate job comparisons. The information for the CEO other officers and all employees is reviewed by the Executive Committee and approved by the Board of Trustees but the actual allocation to the individual employees is determined by the CEO. The Board of Trustees separately approves the compensation of the CEO. The year in which this process was last undertaken: 2022 Part VI, Line 19 Governing documents conflict of interest policy and financial statements are provided upon request. Part XI, Line 9 | Description:, Explanation:, Amount:| Patronage, Patronage paid to members, $-36922353| Buckeye Power Generating LLC 6677 Busch Blvd Columbus OH 43229 461440770 Acquire electric power OH 175377587 290353957 Buckeye Power Inc Ohio Rural Electric Cooperatives 6677 Busch Blvd Columbus OH 43229 510174617 Promote rural electricity OH 501(C)(6) N/A false National Power Cooperative 6677 Busch Blvd Columbus OH 43229 311670865 Electric generation OH N/A C-Corporation 0 0 0 false false false false false false false false false false false false false false true true true true false false Ohio Rural Electric Cooperatives N 395913 Cost Ohio Rural Electric Cooperatives O 4167666 Cost Ohio Rural Electric Cooperatives P 45544 Cost Ohio Rural Electric Cooperatives Q 404441 Cost