2025-11-12T15:30:05-06:00 2024-12-31 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2024-01-01 570873176 PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM PALM 8032549211 1201 MAIN STREET 1710 COLUMBIA SC 29201 JAMES CHAVEZ PRESIDENT AND CEO 8032549211 2025-11-12 1 1 SHELLIE S JOHNSON P00294226 8037718943 2025-11-12 2024 2025-03-06 01:10:19Z JAMES CHAVEZ 1201 MAIN STREET SUITE 1710 COLUMBIA SC 29201 5489857 0 X WWW.SCPOWERTEAM.COM X 1988 SC PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS. 11 11 10 0 0 0 0 0 4175000 4450000 -28310 156904 0 0 4146690 4606904 158439 54898 0 0 2116169 2269675 0 0 0 1844703 1767256 4119311 4091829 27379 515075 3104203 3286386 1182177 1030819 1922026 2255567 PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS. 0 0 1595049 27449 2225000 FACILITATE THE GROWTH OF JOBS, INVESTMENT AND ELECTRIC LOAD THROUGH THE ATTRACTION OF NEW INDUSTRIAL AND COMMERCIAL ACTIVITY 1595048 27449 2225000 SUPPORT EXPANSION AND RETENTION OF EXISTING BUSINESSES AND FACILITIES 3190097 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 27 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JAMES CHAVEZ 8032549211 1201 SOUTH MAIN ST 1710 COLUMBIA SC 29201 MARY SHERIDAN VICE CHAIRMAN 4.00 5.00 X 8568 20488 0 PAUL BASHA TRUSTEE 2.00 7.00 X 3353 24957 0 JAMES M BUNTON JR TRUSTEE 2.00 5.00 X 6705 11547 0 TERRY W MALLARD CHAIRMAN 4.00 5.00 X 9312 24958 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 4.00 40.00 X 0 1017013 487800 DANIEL B SHELLEY III SECRETARY 4.00 5.00 X 0 0 0 JOHNNIE L DICKERT TRUSTEE 2.00 5.00 X 5960 11175 0 CHARLES E ADAIR VICE CHAIRMAN 2.00 5.00 X 6705 13410 0 BRIAN W BROUGHTON TRUSTEE 2.00 5.00 X 2980 6705 0 GARY L STOOKSBURY TRUSTEE 2.00 5.00 X 3725 20488 0 BARBARA F WESTON TRUSTEE 2.00 5.00 X 6705 10430 0 MICHAEL FULLER SECRETARY 2.00 5.00 X 0 0 0 ROBERT G ARDIS III TRUSTEE 2.00 5.00 X 2607 29800 0 ARCHIE B DAVIS JR TRUSTEE 2.00 7.00 X 2980 44327 0 JAMES CHAVEZ PRESIDENT AND CEO 40.00 0.00 X 409572 0 143205 WARREN DARBY JR SR VP GLOBAL BUSINESS 40.00 0.00 X 236902 0 85399 REBECCA BRELAND SR VP COMMUNITY PREPAREDNE 40.00 0.00 X 157513 0 40074 MARC METCALF SENIOR PROJECT MANAGER 40.00 0.00 X 125376 0 34537 ANGELYN SMITH SENIOR PROJECT MANAGER 40.00 0.00 X 125655 0 47831 1114618 1235298 838846 7 0 1 0 WILD DUNES JV LLC 5757 PALM BOULEVARD ISLE OF PALMS SC 29451 EVENT FACILITIES 195678 NP STRATEGY LLC PO BOX 2426 COLUMBIA SC 29202 CONSULTING 160149 HAMILTON CAPITOL CENTER LLC 1201 MAIN STREET COLUMBIA SC 29201 RENT 141718 3 PROFESSIONAL SERVICES 541900 4450000 4450000 4450000 86514 86514 905712 47631 838273 44680 67439 2951 70390 70390 4606904 4450000 0 156904 54898 54898 1784536 1516856 267680 195261 175735 19526 121448 109303 12145 63881 57493 6388 104549 94094 10455 36898 36898 47698 47698 277155 277155 206407 206407 55162 38961 16201 94738 47369 47369 146494 131845 14649 270833 203125 67708 83997 83997 37072 37072 40788 40788 SPECIAL PROJECTS 343416 343416 DUES 71562 71562 COMMUNITY DEVELOPMENT A 55036 55036 4091829 3190097 901732 0 67831 205737 43 5000 2929161 2807011 634397 365759 107168 268638 3104203 3286386 267051 222386 915126 808433 1182177 1030819 X 1922026 2255567 1922026 2255567 3104203 3286386 X 515075 -181534 X X 0 1 X 0 0 X 3081000 3331400 3697200 4175000 4450000 18734600 3081000 3331400 3697200 4175000 4450000 18734600 0 0 0 18734600 70561 92681 150269 -28310 86514 371715 70561 92681 150269 -28310 86514 371715 3151561 3424081 3847469 4146690 4536514 19106315 0.98050 0.98090 0.01950 0.01910 X 634397 365759 268638 268638 LEASE LIABILITIES 808433 808433 4452951 0 4452951 153953 153953 4606904 4081314 0 4081314 10515 10515 4091829 PART XI, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 153,953. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 10,515. 1 TRICO DEVELOPMENT LLC PO BOX 217 ST MATTHEWS SC 29135 820674240 18000 0 SITE ADVANCEMENT FLORENCE COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP 1951 PISGAH ROAD FLORENCE SC 29501 576000351 25000 0 STRATEGIC PLANNING X 1 1 X 0 0 0 0 0 0 0 0 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 0 976000 0 19877 0 21136 0 455682 0 32118 0 1504813 0 0 JAMES CHAVEZ PRESIDENT AND CEO 400000 0 8270 0 1302 0 110781 0 32424 0 552777 0 0 0 WARREN DARBY JR SR VP GLOBAL BUSINESS 225750 0 4919 0 6233 0 55044 0 30355 0 322301 0 0 0 REBECCA BRELAND SR VP COMMUNITY PREPAREDNE 156825 0 625 0 63 0 17076 0 22998 0 197587 0 0 0 ANGELYN SMITH SENIOR PROJECT MANAGER 130947 0 2989 0 -8281 0 19267 0 28564 0 173486 0 0 0 MARC METCALF SENIOR PROJECT MANAGER 122929 0 625 0 1822 0 17650 0 16887 0 159913 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PEDC'S BOARD IS MADE UP OF MEMBERS FROM CENTRAL ELECTRIC POWER COOPERATIVE INC.'S BOARD. MEMBERS ARE ALSO EMPLOYEES OR TRUSTEES OF SC'S NINETEEN DISTRIBUTION COOPERATIVES AND SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BI-ANNUAL DETAILED REVIEW OF THE POLICY WITH FULL BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 15 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 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. FORM 990, PART XI, LINE 9: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 -143,438. APBO -38,096. FORM 990, PART XIII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT. CENTRAL ELECTRIC COOPERATIVE INC 20 COOPERATIVE WAY COLUMBIA SC 29210 570299350 GENERATION AND TRANSMISSION OF POWER SC ELECTRIC COOPERATIVE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 CENTRAL ELECTRIC POWER COOPERATIVE Q 4450000 ACTUAL COST