2024-11-04T05:16:03-05:00 2024-06-30 990 2023-07-01 310676582 BUCKEYE POWER INC % Patrick O Loughlin BUCK 6148465757 6677 BUSCH BLVD COLUMBUS OH 432291101 William Roberts VP Finance & CFO 2024-11-04 2023 2024-10-15 13:58:12Z Patrick OLoughlin 6677 BUSCH BLVD COLUMBUS OH 432291101 815866022 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 83 0 0 0 0 0 825996768 807658695 1525773 2314142 5173734 5893185 832696275 815866022 0 0 0 0 8743505 9332861 0 0 0 783244543 786499019 791988048 795831880 40708227 20034142 1688219536 1696416205 1166829052 1184363647 521390484 512052558 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 810294357 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 true 70 0 true 83 true false false false false false false false 0 false false false false false false false 748041357 67824665 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 A Roberts 6148465757 6677 BUSCH BLVD COLUMBUS OH 432291101 X Steven Nelson Chairman 2.00 0.25 X X 11725 0 0 John Metcalf Vice Chairman 2.25 0.25 X X 4800 0 0 Todd Ware Treasurer 1.00 0.25 X X 3600 0 0 Phillip Caskey Trustee 1.15 0.25 X 0 0 0 Ted Holsapple Trustee 1.19 0.25 X 0 0 0 Daniel McNaull Trustee 1.92 0.25 X 0 0 0 Don Englet Trustee 1.00 0.25 X 0 0 0 Brian Hill Trustee 1.54 0.25 X 0 0 0 Bill Barnhart Trustee 1.00 0.25 X 0 0 0 Glenn Miller Trustee 1.00 0.25 X 0 0 0 Larry Fenbers Trustee 1.00 0.25 X 0 0 0 Tom Musick Trustee 1.00 0.25 X 0 0 0 Gary Rowland Trustee 1.35 0.25 X 0 0 0 Tom Wofenbarger Trustee 1.74 0.25 X 0 0 0 Gary Knapke Trustee 1.00 0.25 X X 2225 0 0 Dan Bodette Trustee 1.00 0.25 X 0 0 0 Ed VanHoose Trustee 2.08 0.25 X 0 0 0 Darin Thorp Trustee 0.81 0.25 X 0 0 0 Ronald Salyer Trustee 1.06 0.20 X X 0 0 0 Richard Lemonds Secretary 1.82 0.39 X X 0 0 0 Brett Perkins Trustee 1.57 0.25 X 2625 0 0 Anthony Smith Trustee 1.06 0.25 X 0 0 0 Jeff Triplett Trustee 2.50 0.25 X 0 0 0 Erika Ackley Trustee 1.65 0.25 X 0 0 0 Kent Eldridge Trustee 1.00 0.25 X 0 0 0 Matt Berry Trustee 1.00 0.25 X 0 0 0 Randy Price Trustee 1.88 0.25 X 0 0 0 Tim Street Trustee 1.31 0.25 X 0 0 0 William Swango Trustee 1.00 0.25 X 0 0 0 Tom Alban VP Power Generation 38.40 1.60 X 284716 11863 114243 Craig Grooms Chief Operating Officer 37.20 2.80 X 329249 24782 127072 Kurt Helfrich General Council 34.00 6.00 X 316328 55823 99609 Doug Miller VP Statewide Services 10.00 30.00 X 75680 227039 161763 Patrick O'Loughlin President CEO 32.80 7.20 X 964657 211754 140840 William Roberts VP Finance CFO 32.00 8.00 X 303241 75810 132704 Greg Niese Director of IT 36.00 4.00 X 170182 30032 116312 Randall Keefer Director Fuel Procurement Byproduct Sales 40.00 0.00 X 207374 0 65710 Dave Richardson Plant Manager 40.00 0.00 X 214876 0 75690 Bethany Schunn Plant Manager 40.00 0.00 X 258783 0 59556 Kevin Zemanek VP Operations 37.20 2.80 X 192794 14512 60846 Ben Wilson Assistant VP Power Delivery 36.00 4.00 X 168265 18696 53670 Paul Jackson Director Project Management 40.00 0.00 X 204440 0 46964 3715560 670311 1254979 41 true true true Spiegel & McDiarmid LLP 1875 Eye Street NW Suite 700 Washington DC 20006 Legal 304585 THOMPSON HINE LLP 3900 Key Tower 127 Public Square Cleveland OH 441141291 Legal 258872 CROWE LLP 320 East Jefferson Blvd South Bend IN 46601 Audit 161000 Shumaker Loop & Kendrick LLP 41 South High Street Suite 2400 Columbus OH 43215 Legal 127618 0 0 0 0 0 0 0 0 Utilities 221000 807658695 807658695 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 807658695 2314142 0 0 2314142 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 3257523 0 0 3257523 Utilities 221000 2635662 2635662 0 0 0 0 0 0 0 0 0 0 5893185 815866022 810294357 0 5571665 0 0 0 0 0 0 0 0 2565830 0 0 0 0 0 0 0 3832059 0 0 0 0 0 0 0 2321184 0 0 0 613788 0 0 0 0 0 0 0 570670 0 0 0 161000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2240706 0 0 0 383495 0 0 0 0 0 0 0 0 0 0 0 129629 0 0 0 283192 0 0 0 0 0 0 0 108376 0 0 0 41991741 0 0 0 0 0 0 0 113059717 0 0 0 3290278 0 0 0 Fuel 288295224 0 0 0 Transmission 187200053 0 0 0 Production 90310760 0 0 0 Maintenance 48594453 0 0 0 9879725 0 0 0 795831880 0 0 0 0 0 0 0 55109030 50143568 0 0 0 0 56801212 72321213 0 0 0 0 0 0 79980373 113777727 1498836 3005116 1313538379 641337290 674033968 672201089 0 0 0 0 45329377 44901680 0 0 775466740 740065812 1688219536 1696416205 68951156 69229151 0 0 30000000 15000000 0 0 0 0 0 0 948774003 867141218 49350000 166600000 69753893 66393278 1166829052 1184363647 X 0 0 27204218 27204218 494186266 484848340 521390484 512052558 1688219536 1696416205 X 20034142 0 0 0 0 -29372068 X false true X true false 4555066 4555066 1263253099 623464428 639788671 17764164 17323969 440195 27966051 548894 27417157 672201089 Intangible Plant 241768274 CWIP 31948775 Non Utility Property 3021990 Regulatory Asset - Cardinal Unit 3 431166577 Regulatory Asset - Fuel Costs 3267197 Regulatory Asset - Transmission Costs 1494733 Other 27398266 740065812 Asset Retirement Obligations ARO liability 47614649 Accumulated Post Employment liability 1591669 Outage Reserve 15000000 Other 2186960 66393278 X 815866022 0 815866022 0 815866022 795831880 0 795831880 0 795831880 Part X, line 2 The Company accounts for uncertainty in income taxes in their financial statements as required under FASB ASC 740 Income Taxes FASB ASC 740. 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 2024 and 2023 there were no interest or penalties recorded or included in the Consolidated Statements of Revenue and Expense. X X X false true false Tom Alban VP Power Generation 271850 11327 2736 114 10130 422 90455 3769 19218 801 394389 16433 0 0 Craig Grooms Chief Operating Officer 318598 23980 326 25 10325 777 93349 7026 24828 1869 447426 33677 0 0 Kurt Helfrich General Council 300073 52954 6673 1178 9582 1691 61464 10847 23203 4095 400995 70765 0 0 Doug Miller VP Statewide Services 72684 218052 1588 4763 1408 4224 35436 106308 5005 15014 116121 348361 0 0 Patrick O'Loughlin President & CEO 952957 209186 287 63 11413 2505 99074 21748 16415 3603 1080146 237105 0 0 William Roberts VP Finance & CFO 288880 72220 5880 1470 8481 2120 95388 23847 10775 2694 409404 102351 0 0 Kevin Zemanek VP Operations 187422 14107 4976 375 396 30 38305 2883 18282 1376 249381 18771 0 0 Ben Wilson Assistant VP Power Delivery 165801 18422 2115 235 349 39 24137 2682 24166 2685 216568 24063 0 0 Bethany Schunn Plant Manager 237323 0 20956 0 504 0 32444 0 27112 0 318339 0 0 0 Dave Richardson Plant Manager 208635 0 3350 0 2891 0 56005 0 19685 0 290566 0 0 0 Randall Keefer Director Fuel Procurement & Byproduct Sales 202670 0 2850 0 1854 0 46040 0 19670 0 273084 0 0 0 Greg Niese Director of IT 169056 29833 298 53 828 146 77537 13683 21328 3764 269047 47479 0 0 Paul Jackson Director Project Management 203667 0 350 0 423 0 29515 0 17449 0 251404 0 0 0 Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Patrick OLoughlin, 26461| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| William Roberts, 8489| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Kurt Helfrich, 9241| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| Craig Grooms, 6602| Steven Nelson Director of ACES Power Marketing 2761891 Dues paid false Tom Alban Officer of Buckeye Power Generating LLC 177486611 Power debt and other charges paid false Patrick OLoughlin Director of ACES Power Marketing 2761891 Dues paid false Tom Alban Director of Ohio Valley Electric Corp 141936081 Demand and energy charges paid false Patrick OLoughlin Director of Ohio Valley Electric Corp 141936081 Demand and energy charges paid false Steven Nelson Director of Ohio Valley Electric Corp 141936081 Demand and energy charges paid false Tom Alban Officer of National Power Cooperative 52194 Power and energy charges paid false Craig Grooms Officer of National Power Cooperative 52194 Power and energy charges paid false Patrick OLoughlin Officer of National Power Cooperative 52194 Power and energy charges paid false William Roberts Officer of National Power Cooperative 52194 Power and energy 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: 177,486,611; Description of transaction: Power debt and other charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Patrick OLoughlin; Relationship between interested person and the organization: Officer of Buckeye Power Generating LLC; Amount of transaction: 177,486,611; Description of transaction: Power debt and other charges paid; Sharing of organizations 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: 177,486,611; Description of transaction: Power debt and other charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Tom Alban; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905,438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Steven Nelson; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905,438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Patrick OLoughlin; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905,438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Richard Lemonds; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905,438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: John Metcalf; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905 438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Todd Ware; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905 438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Kurt Helfrich; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905 438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: William Roberts; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905 438; Description of transaction: Demand and energy charges paid; Sharing of organizations revenue? No| Part IV General,Name of interested person: Craig Grooms; Relationship between interested person and the organization: Officer of Cardinal Operating Company; Amount of transaction: 150,905 438; Description of transaction: Demand and energy charges paid; Sharing of organizations 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 Power Inc. 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 OLoughlin 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 Power Inc. 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: 2023 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, $-29372068| Buckey Power Generating LLC 6677 Busch Blvd Columbus OH 43229 461440770 Acquire electric power OH 177486611 273674053 Buckey Power Inc Ohio Rural Electric Cooperatives Inc 6677 Busch Blvd Columbus OH 43229 510174617 Promote rural electrification OH 501(C)(6) N/A false National Power Cooperative Inc 6677 Busch Blvd Columbus OH 43229 311670865 Electric generation OH N/A C-Corporation 0 0 0 false Cardinal Operating Company 6677 Busch Blvd Columbus OH 43229 341025410 Electric generation OH Buckeye Power Inc C-Corporation 0 0 1 false false false false false false false false true false false false false false true true true true false false Ohio Rural Electric Cooperatives Inc N 187460 Cost Ohio Rural Electric Cooperatives Inc O 4573696 Cost Ohio Rural Electric Cooperatives Inc P 93446 Cost Ohio Rural Electric Cooperatives Inc Q 515909 Cost National Power Cooperative Inc H 2782417 Net book value