2024-11-06T15:24:23-05:00 2023-12-31 750767305 AXLEY & RODE LLP PO BOX 1388 LUFKIN TX 759021388 990 2023-01-01 752187855 EAST TEXAS ELECTRIC COOP EAST 9365609532 P O BOX 631623 NACOGDOCHES TX 759631623 CARRIE HAWKINS CFO 9365609532 2024-10-30 true true TONY L MCGOWEN PC CPA P00058493 9366346621 2024-10-30 2023 2024-10-15 13:58:12Z CARRIE HAWKINS 2905 WESTWARD DR NACOGDOCHES TX 759631623 406106180 false X WWW.ETEC.COOP X 1987 TX SALE OF WHOLESALE POWER TO ITS EIGHT MEMBERS ON A COOPERATIVE BASIS. 20 20 18 0 0 469581946 386241759 1409429 2479081 25661595 17385340 496652970 406106180 0 0 3299928 4503045 0 0 482739401 388094240 486039329 392597285 10613641 13508895 1077656250 1029168672 857652350 795359642 220003900 233809030 SALE OF WHOLESALE POWER TO ITS EIGHT MEMBERS ON A COOPERATIVE BASIS. false false PROVIDES WHOLESALE POWER TO ITS ONE ELECTRIC GENERATING AND TRANSMISSION COOPERATIVE MEMBER AND SEVEN DISTRIBUTION COOPERATIVE MEMBERS. 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 false true false false false false false false false false false false false false false false true 76 0 true 18 true false false false false false 383019804 23086376 false false false X 20 20 false false false false true true true true true false false true true true true true true true true false X CARRIE HAWKINS 9365609532 2905 WESTWARD DR NACOGDOCHES TX 759631623 AJ GOFF CEO 55.00 X 741945 0 160154 JOSEPH J HAYDEN VP POWER SUP 40.00 X 311976 0 169690 LAWRENCE WILLIAMS VP ENGINEERI 40.00 X 177570 0 109607 CARRIE HAWKINS CFO 40.00 X 191597 0 90779 BOBBY HUCKABAY MANAGER OF I 40.00 X 160580 0 97292 JAMES A WAGNER ENGINEER 40.00 X 184841 0 98241 MAGGIE BERRY VP GENERAL C 40.00 X 319439 0 140786 MARK TAMPLIN VICE PRESIDE 3.75 X X 19500 0 0 ROBERT BOYD DIRECTOR 8.77 X 21000 0 0 TREY TEAFF MANAGER/DIRE 2.75 X 21000 0 0 MARK BOYD MANAGER/DIRE 5.13 X 21000 0 0 GREG JONES PRESIDENT 6.25 X X 19500 0 0 KATHI CALVERT SEC/TREASURE 5.00 X X 19500 0 0 BRYAN WOOD MANAGER/DIRE 4.75 X 19500 0 0 STEVE DELAUGHTER DIRECTOR 5.25 X 19500 0 0 FRANKIE B KING DIRECTOR 5.38 X 19500 0 0 PAT BROWN DIRECTOR 11.00 X 19500 0 0 DOUG TURK MANAGER/DIRE 4.75 X 19000 0 0 KENNETH KEELING DIRECTOR 6.75 X 19500 0 0 RHETT REID ASST SECT/TR 7.50 X X 19500 0 0 AUSTIN HAYNES MANAGER/DIRE 4.50 X 19500 0 0 DAN COURMIER DIRECTOR 3.25 X 19500 0 0 KENNETH LANGLEY DIRECTOR 5.75 X 19000 0 0 ALBERT TILLER DIRECTOR 2.38 X 19500 0 0 WES BARRON DIRECTOR 4.00 X 19000 0 0 WILLIAM SPEIGHTS DIRECTOR 3.00 X 19500 0 0 KENNON KELLUM ADVISORY DIR 2.00 X 12000 0 0 WILLIAM EMMONS ADVISORY DIR 2.50 X 12000 0 0 HENRY BISCAMP ADVISORY DIR 4.00 X 4000 0 0 PAUL SIMMONS ADVISORY DIR 1.25 X 12000 0 0 ROBERT WALKER MANAGER/DIRE 4.75 X 0 0 0 2501448 866549 7 false true false ETHOSENERGY POWER PLANT SERVICES 2800 NORTH LOOP WEST HOUSTON TX 77047 POWER PLANT SER 2650553 GDS ASSOCIATES 1850 PARKWAY PLACE SUTIE 800 MARIETTA GA 30067 ENGINEER CONSUL 2010731 RE-CON COMPANY 12 NORTHEAST 52ND STREET OKLAHOMA CITY OK 73105 CONSTRUCTION 1806925 GE LTSA PO BOX 848301 DALLAS TX 75284 CONSULTING 1167426 SUBSTATION ENTERPRISES PO BOX 2010 ALABASTER AL 35007 CONSTRUCTION 1074623 38 ELECTRIC ENERGY 221000 383019804 383019804 PATRONAGE CAPITAL 221000 3221955 3221955 386241759 2479081 2479081 TRANSMISSION REVENUE 221000 14922131 14922131 OTHER INCOME 221000 2463209 2463209 17385340 406106180 403627099 2479081 1536369 1841591 381042 571420 172623 176460 1412120 195029 207202 1702779 329084 153217 27909101 45824815 291618 PURCHASE OF ELECTRIC POWE 133342512 TRANSMISSION 72261919 PURCHASE OF FUEL 66819609 OPERATING EXPENSES - PROD 31221156 6247619 392597285 0 0 0 24614643 35334269 10069031 10589938 69510404 64122260 23248543 25602083 240217641 207142919 1133972674 490990262 667697515 642982412 37201387 38247355 5097086 5147436 1077656250 1029168672 51292747 45712067 5487350 7347641 800872253 742299934 857652350 795359642 X 220003900 233809030 220003900 233809030 1077656250 1029168672 X 13508895 296235 X false true X true false 573592 573592 813143467 413401845 399741622 1598154 844849 753305 318657461 76743568 241913893 642982412 X 406106180 406106180 406106180 392597285 392597285 392597285 SCHEDULE D, PAGE 3, PART X PART X - FIN 48 FOOTNOTE FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTIAN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. FOR FEDERAL INCOME TAX PURPOSES, THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. X X X X false false false AJ GOFF CEO 619833 120000 2112 123509 36645 902099 JOSEPH J HAYDEN VP POWER SUPPLY 307452 4524 130259 39431 481666 LAWRENCE WILLIAMS VP ENGINEERING 173348 4222 74323 35284 287177 CARRIE HAWKINS CFO 191076 521 55202 35577 282376 BOBBY HUCKABAY MANAGER OF IT SYS 159104 1476 62272 35020 257872 JAMES A WAGNER ENGINEER 183878 963 61953 36288 283082 MAGGIE BERRY VP GENERAL COUNSEL 318753 686 103885 36901 460225 FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS CONSIST OF ONE 501(C)(12) TAX EXEMPT GENERATION AND TRANSMISSION COOPERATIVE, NORTHEAST TEXAS ELECTRIC G&T, AND SEVEN TAX EXEMPT DISTRIBUTION COOPERATIVES, CHEROKEE COUNTY ELECTRIC COOPERATIVE ASSOCIATION, DEEP EAST TEXAS ELECTRIC COOPERATIVE, INC., HOUSTON COUNTY ELECTRIC COOPERATVIE, INC., JASPER-NEWTON ELECTRIC COOPERATVIE INC., RUSK COUNTY ELECTRIC COOPERATIVE, INC., SAM HOUSTION ELECTRIC COOPERATIVE, INC. AND WOOD COUNTY ELECTRIC COOPERATIVE, INC. FORM 990, PAGE 6, PART VI, LINE 7A EACH DISTRIBUTION COOPERATIVE MEMBER AND EACH DISTRIBUTION COOPERATIVE MEMBER OF A G&T MEMBER SHALL BE REPRESENTED ON THE EAST TEXAS ELECTRIC COOPERATIVE, INC. BOARD OF DIRECTORS BY ONE DIRECTOR REPRESENTATIVE (HEREINAFTER "DIRECTOR/DIRECTOR") AND ONE MANAGER REPRESENTATIVE (HEREINAFTER "MANAGER/DIRECTOR"). THE RESPECTIVE MEMBERS ELECT THE GOVERNING BODY FROM INDIVIDUALS WHO HAVE BEEN SUBMITTED FOR CONSIDERATION AT THE ANNUAL MEETING. THESE REPRESENTATIVES MUST MEET CERTAIN QUALIFICATIONS FOR ELECTION TO THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBER APPOINTED GOVERNING BODY WITH REPRESENTATION FROM EACH MEMBER COOPERATIVE HAS THE AUTHORITY TO APPROVE DECISIONS AND GOVERN THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO ALL DIRECTORS AND THE AUDIT COMMITTEE PRIOR TO FILING. THE AUDIT COMMITTEE INITIALLY REVIEWS THE 990 AND MAKES INQUIRIES OR PROPOSES REVISIONS AS NECESSARY. EMPLOYEES OF THE COOPERATIVE RESPONSIBLE FOR FILING MEET WITH THE AUDIT COMMITTEE AND ARE AVAILABLE TO RESPOND TO QUESTIONS OR PROVIDE BACKGROUND. ONCE THE AUDIT COMMITTEE IS SATISFIED THAT IT IS COMPLETE, THEY RECOMMEND IT FOR APPROVAL BY THE FULL BOARD. THE FULL BOARD ALSO HAS AN OPPORTUNITY TO REVIEW AND MAKE INQUIRES OF THE EMPLOYEES OF THE COOPERATIVE RESPONSIBLE FOR FILING THE FORM 990. THE BOARD THEN FORMALLY APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY EACH DIRECTOR MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY KNOWN CONFLICTS OF INTEREST. THE ANNUAL CONFLICT FORMS ARE REVIEWED BY THE AUDIT COMMITTEE, AND IF ANY POTENTIAL CONFLICTS ARE NOTED, THE GOVERNING BODY IS TO BE NOTIFIED AND IS RESPONSIBLE FOR ENFORCING THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION USES A CONSULTING FIRM TO COMPILE SALARY INFORMATION. THE COMPENSATION COMMITTEE OF THE ORGANIZATION UTILIZES THIS DATA ALONG WITH OTHER INFORMATION TO MAKE A RECOMMENDATION ON COMPENSATION TO THE FULL BOARD. THE BOARD THEN FORMALLY APPROVES THE COMPENSATION PACKAGE FOR THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT COMPILES INDUSTRY SALARY DATA FROM SOURCES INCLUDING NRECA'S G&T COMPENSATION STUDY AND THE ECONOMIC RESEARCH INSTITUTE SALARY ASSESSOR. THE SALARY DATA IS USED BY MANAGEMENT OF THE ORGANIZATION ALONG WITH OTHER INFORMATION TO SET AND APPROVE ANNUAL SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY SUBMITTING A WRITTEN REQUEST TO THE COOPERATIVE. FORM 990, PART XI, LINE 9 INCREASE IN UNREALIZED GAIN/LOSS 296,235 UNKREALIZED LOSS 0 TOTAL 296,235