2023-11-15T15:23:51+00:00 2022-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-01-01 273659272 Peninsula Generation Cooperative PENI 2317755700 10125 West Watergate Road Cadillac MI 49601 Zach Anderson President 2317755700 2023-11-15 true Ronald McCullick 999009999 true Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z Zach Anderson 10125 West Watergate Road Cadillac MI 49601 58212934 false X n/a X 2010 MI TO OBTAIN, SELL, AND DELIVER ELECTRIC ENERGY FOR ITS MEMBER. 4 2 0 0 0 0 0 0 51416011 58088564 134011 124370 0 0 51550022 58212934 0 0 0 0 0 0 0 0 0 51550022 58212934 51550022 58212934 0 0 33627864 27867422 7626864 2866422 26001000 25001000 PENINSULA GENERATION COOPERATIVE, INC. IS A MICHIGAN NONPROFIT COOPERATIVE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING ELECTRIC POWER TO ITS MEMBER, WOLVERINE POWER SUPPLY COOPERATIVE, INC. false false 0 0 0 Peninsula Generation Coopertive, Inc. is a Michigan-based nonprofit cooperative corporation organized solely for the purpose of providing electric power to its member, Wolverine Power Supply Cooperative, Inc. 0 false false false false false false false false false true false false false false true true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false 58088564 124370 false false false X 4 2 false true false false true true false true false false false true true true true true true false false false X Ron McCullick 2317755700 10125 West Watergate Road Cadillac MI 49601 Gerry Bundle DIRECTOR / CHAIRMAN 0.1 1.3 X X 0 23000 0 Terry Lautner DIRECTOR / VICE CHAIRMAN 1.0 6.2 X X 0 32100 0 Zachary J Anderson DIRECTOR / PRESIDENT 0.5 50.0 X X 0 299967 58186 Eric Baker DIRECTOR 1.0 50.0 X 0 849636 148100 Joseph Baumann SECRETARY 0.3 50.0 X 0 328853 80059 Ron McCullick TREASURER 4.1 48.2 X 0 138531 51382 0 1672087 337727 0 false true false 0 0 0 0 0 0 0 0 0 Electric Power Resale 221000 58088564 58088564 0 0 0 0 0 0 58088564 124370 92035 0 32335 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58212934 58180599 0 32335 0 0 0 0 0 0 0 0 0 0 0 0 19350 0 0 0 20475 0 1839 0 0 0 0 0 0 769823 0 6533334 43323 Purchased Power 50824790 0 58212934 0 0 2311330 2263323 0 0 2639139 3429098 0 0 0 0 0 0 0 0 0 0 2511634 2542312 0 26133334 19600000 32427 32689 33627864 27867422 2050360 2866422 0 5575302 0 1202 0 7626864 2866422 X 26001000 25001000 0 0 26001000 25001000 33627864 27867422 X 0 0 0 0 0 -1000000 X false true X false false OVEC STOCK 2000000 C COBANK STOCK 542312 C 2542312 58212934 0 0 58212934 0 0 58212934 58212934 0 0 58212934 0 0 58212934 false true false Zachary J Anderson DIRECTOR / PRESIDENT 0 274751 0 25000 0 216 0 29167 0 29019 0 358153 0 0 Eric Baker DIRECTOR 0 543508 0 305000 0 1128 0 114531 0 33569 0 997736 0 0 Joseph Baumann SECRETARY 0 303613 0 25000 0 240 0 66161 0 13898 0 408912 0 0 Ron McCullick TREASURER 0 136947 0 0 0 1584 0 31870 0 19512 0 189913 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation No compensation is paid by Peninsula Generation Cooperative (Peninsula) to its president. His salary is provided by a related organization, Wolverine Power Supply Coopertive (Wolverine). He receives no additional pay from Wolverine for his work on Peninsula's behalf. Wolverine determines his compensation using comparability data from compensation surveys and studies of other organizations in the area and similar organizations on a national basis. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Director Baker participated in a non-qualified, non-funded retirement plan as part of his employment for Wolverine (related organization) since 2014. He became fully vested in 2020. He received no distributions from the plan in 2022 and no amount became substantially vested in 2022. Form 990, Part VI, Line 15 a&b - Officer Compensation All officers of the filing organization are employees of the Coop's sole member, Wolverine. As such, in accordance with the Form 990 instructions for Part IV, Section B, Line 15A & 15B has been answered no. Form 990, Part VI, Line 3 Delegation of management duties PENINSULA ENTERED INTO AN AGREEMENT FOR MANAGEMENT AND ADMINISTRATIVE SERVICES WITH WOLVERINE. THE AGREEMENT REQUIRES PENINSULA TO PAY WOLVERINE A FEE FOR SERVICES RENDERED UNDER THE AGREEMENT. TOTAL FEES INCURRED UNDER THIS AGREEMENT FOR 2022 WERE $17,142. Form 990, Part VI, Line 6 Classes of members or stockholders PENINSULA IS A COOPERATIVE, AND AS SUCH, IT HAS MEMBERS WHO OWN IT. PENINSULA'S SOLE MEMBER IS WOLVERINE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF PENINSULA'S MEMBER APPOINTS A VOTING DELEGATE, WHO ELECTS THE DIRECTORS WHO SERVE ON PENINSULA'S BOARD. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body PENINSULA'S BOARD DOES NOT HAVE ANY COMMITTEES. Form 990, Part VI, Line 11b Review of form 990 by governing body PENINSULA'S PRESIDENT AND TREASURER REVIEW THE FORM 990 IN DETAIL AS DOES THEIR OUTSIDE ACCOUNTING FIRM. PRIOR TO SUBMISSION, THE 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy A conflict of interest policy is reviewed annually. All directors and officers are required to disclose any conflicts of interest and to notify the Board of any conflicts that may arise during the year. The Board will then determine if a conflict does exist and how to proceed. IF A CONFLICT IS DETERMINED TO OCCUR, THE PERSON INVOLVED IN THE CONFLICT IS RECUSED FROM PARTICIPATING IN THE DISCUSSION AND VOTING ON THE MATTER. Form 990, Part VI, Line 19 Required documents available to the public THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PENINSULA IS SOLELY OWNED BY ITS ONE MEMBER. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Return of additional paid in capital to Wolverine - -1000000; FORM 990 GENERAL EXPLANATION Peninsula Generation Cooperative Inc., the organization filing this tax return, is referred to as "Peninsula", and Wolverine Power Supply Cooperative Inc., is referred to as "Wolverine" in all explanations on this form. WOLVERINE POWER SUPPLY COOPERATIVE INC 10125 W WATERGATE RD CADILLAC MI 49601 381326766 PROVIDING POWER MI 501(c)(12) NA false SPARTAN RENEWABLE ENERGY Inc 10125 W WATERGATE RD CADILLAC MI 49601 205990509 ALT ELECTRIC SUPPLIER MI Wolverine Power Supply Cooperative Inc C Corporation false false false false false false false false false false false false true false false true true false true false