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 570299350 CENTRAL ELECTRIC POWER COOPERATIVE INC CENT 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 2025-11-12 1 1 SHELLIE S JOHNSON P00294226 8037718943 2025-11-12 2024 2025-03-06 01:10:19Z RYAN THOMAS 20 COOPERATIVE WAY COLUMBIA SC 29210 1609688387 0 X WWW.CEPCI.ORG X 1948 SC CENTRAL EXISTS TO PROVIDE RELIABLE POWER DELIVERY FOR THE BENEFIT OF OUR MEMBERS. 38 38 62 0 0 0 0 0 1494167752 1600234933 1167320 4221620 -1010026 3130314 1494325046 1607586867 8957330 3102199 12494852 15528281 11769194 13419281 0 0 0 1461419212 1575175419 1494640588 1607225180 -315542 361687 579816387 558897912 491766054 454681419 88050333 104216493 CENTRAL IS A GENERATION AND TRANSMISSION (G&T) COOPERATIVE SUPPLYING POWER TO NINETEEN MEMBER DISTRIBUTION COOPERATIVES IN SOUTH CAROLINA. CENTRAL CONSTRUCTS TRANSMISSION TAP LINES TO SERVE SUBSTATIONS OWNED BY THE DISTRIBUTION COOPERATIVES. 0 0 CENTRAL EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. WE WILL PROVIDE A RELIABLE, LONG TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. WE WILL PROVIDE FOR RELIABLE DELIVERY OF POWER, WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. WE WILL PROVIDE ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES AS DIRECTED BY THE BOARD OF TRUSTEES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 91 0 1 62 1 0 0 0 0 0 1554835755 52751103 0 1 0 X 38 38 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA RI NC X RYAN THOMAS SVP OF ADMINISTRATION AND CFO 8037794975 20 COOPERATIVE WAY COLUMBIA SC 29210 X A BERL DAVIS CHAIRMAN 7.00 2.00 X X 44327 2980 0 ANDY MCKNIGHT TRUSTEE 5.00 X 13410 0 0 ANITA P WHITNEY TRUSTEE 5.00 X 17135 0 0 B ROBERT PAULLING TRUSTEE 5.00 4.00 X 18253 0 0 BRIAN W BROUGHTON TRUSTEE 5.00 2.00 X 6705 2980 0 CAROLYN BOYD TRUSTEE 5.00 X 11547 0 0 CHAD T LOWDER SECRETARY 7.00 2.00 X X 19370 0 0 CHARLES R SMITH TRUSTEE 5.00 X 10803 0 0 DAVID EFELKEL TRUSTEE 5.00 2.00 X 17507 0 0 DOUGLAS A REEVES VICE CHAIRMAN 7.00 X X 40230 0 0 E PAUL BASHA CHAIRMAN 7.00 2.00 X X 24957 3353 0 FRANKLIN M LOOPER JR TRUSTEE 5.00 X 10803 0 0 G KEITH AVERY TRUSTEE 5.00 X 20860 0 0 GARY L STOOKSBURY TRUSTEE 5.00 2.00 X 20488 3725 0 H WAYNE DEWITT TRUSTEE 5.00 X 17135 0 0 JOHNNIE L DICKERT TRUSTEE 5.00 2.00 X 11175 5960 0 ROBERT G ARDIS III TRUSTEE 5.00 2.00 X 29800 2608 0 STEVE CHEWNING TRUSTEE 5.00 X 16762 0 0 TERRY W MALLARD TRUSTEE 5.00 4.00 X 24957 9313 0 MARK L WALLING TRUSTEE 5.00 X 18253 0 0 WILLIAM L FLEMING JR TRUSTEE 5.00 X 11920 0 0 MITCHELL RABON TRUSTEE 5.00 X 10430 0 0 JAMES L LOVINGGOOD TRUSTEE 5.00 X 21232 0 0 BRUCE BACON TRUSTEE 5.00 X 14900 0 0 JAMES E STEWART JR TRUSTEE 5.00 X 745 0 0 MARY B SHERIDAN TRUSTEE 5.00 4.00 X 20488 8568 0 JAMES M BUNTON JR TRUSTEE 5.00 2.00 X 11548 6705 0 CHARLES E ADAIR TRUSTEE 5.00 2.00 X 13410 6705 0 JAMES L ROWE TRUSTEE 5.00 4.00 X 17135 0 0 BARBARA F WESTON TRUSTEE 5.00 2.00 X 10430 6705 0 JAMES A RISINGER TRUSTEE 5.00 X 13783 0 0 MICHAEL FULLER TRUSTEE - SEE SCHEDULE O 5.00 2.00 X 0 0 0 DANNY SHELLEY TRUSTEE - SEE SCHEDULE O 5.00 4.00 X 0 0 0 FRANKLIN C BLANTON TRUSTEE 5.00 X 12665 0 0 JEFFREY M LEWIS TRUSTEE 5.00 X 8940 0 0 TRAVIS BURRISS TRUSTEE 5.00 X 11175 0 0 KENNETH T CARTER TRUSTEE 5.00 X 16017 0 0 MATTHEW D STANLEY TRUSTEE 5.00 X 13783 0 0 DUSTIN CATOE TRUSTEE 0.00 X 5215 0 0 CHARLES R SANDERS JR TRUSTEE 5.00 X 9685 0 0 JAMES C SPENCER TRUSTEE 5.00 X 8940 0 0 CHAD E STONE TRUSTEE 5.00 X 3725 0 0 ROBERT HOCHSTETLER PRESIDENT & CEO 40.00 4.00 X 1017013 0 487799 MRYAN THOMAS SVP OF ADMINISTRATION & CFO 40.00 X 405560 0 131048 JAMES COLE PRICE EVP OF MEMBER SERVICES 40.00 X 393316 0 129206 WILLIAM WARE SVP OF ENGINEERING & ENG SVCS 40.00 X 281174 0 153898 MARCUS HARRIS SVP OF PLANNING & POWER SUPPLY 40.00 X 329810 0 103964 LESLIE MALEY VP OF PLANNING AND POWER SUPPLY 40.00 X 191500 0 45192 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 40.00 X 225592 0 87137 GERALD FLEMING DIRECTOR OF POWER SUPPLY 40.00 X 209092 0 100492 JAMES TINDAL DIR OF TRANSMISSION DESIGN & CONSTR 40.00 X 180324 0 172425 DINAH RAVEN CORPORATE CONTROLLER 40.00 X 190378 0 69691 TODD BERRIAN DIRECTOR OF RIGHT OF WAY SERVICES 40.00 X 177430 0 91107 4231832 59602 1571959 37 0 1 0 LEE ELECTRICAL CONSTRUCTION INC POST OFFICE BOX 55 ABERDEEN NC 28315 CONSTRUCTION AND MAINTENANCE 3974618 ACES POWER MARKETING 4140 WEST 99TH STREET CARMEL IN 46032 POWER SUPPLY MARKETING 1629717 TIENCKEN LAW FIRM LLC 234 SEVEN FARMS DRIVE SUITE 114 DANIEL ISLAND SC 29492 LEGAL 1612082 BLUROC LLC 15 ATWOOD DRIVE SUITE 301 NORTHAMPTON MA 01060 CONSTRUCTION AND MAINTENANCE 1267106 EVERSHEDS SUTHERLAND LLC 999 PEACHTREE ST NE ATLANTA GA 30309 LEGAL 970098 26 SALES OF ELECTRIC ENERGY 221000 1600234933 1600234933 1600234933 4010277 4010277 2289812 23051 2101520 0 188292 23051 211343 211343 MISCELLANEOUS 221000 2819113 2819113 PATRONAGE CAPITAL 221000 345112 345112 ABANDONED PROJECTS 221000 -33911 -33911 3130314 1607586867 1603365247 0 4221620 3102199 15528281 4182516 5339726 1849296 1442736 605007 3369230 130451 70233 7463111 14435 143086 1764411 531366 244944 278255 8502719 15310917 308403 PURCHASED AND GENERATED 1502004348 OPERATIONS & MAINTENANC 18447957 TAXES-TRANSMISSION 10781218 ORGANIZATION & PROFESSI 3782903 2027432 1607225180 7689 1472 45651189 22618186 143469760 144826625 995658 1094380 25048586 3864934 454809443 125072281 323836858 329737162 6504464 10766275 5558994 5591839 5391798 17638899 23351391 22758140 579816387 558897912 153131601 174365420 19997025 2049770 316498672 276082131 2138756 2184098 491766054 454681419 X 1173 1173 0 0 88049160 104215320 88050333 104216493 579816387 558897912 X 361687 15804473 X 0 1 X 1 0 96590080 96590080 13392468 2785672 10606796 319273351 122286609 196986742 25553544 25553544 329737162 ASSET RETIREMENT OBLIGATION 2184098 2184098 1607201225 0 1607201225 385642 385642 1607586867 1591672944 0 1591672944 15552236 15552236 1607225180 PART XI, LINE 4B - OTHER ADJUSTMENTS: CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST #34-7164073 385,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARGINS ALLOCATED TO MEMBERS 15,528,281. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFEIT TRUST 34-7164073 23,955. 1 COASTAL ELECTRIC COOPERATIVE INC 2269 JEFFRIES HWY WALTERBORO SC 29488 570143233 501(C)(12) 1000000 0 ECONOMIC DEVELOPMENT YORK ELECTRIC COOPERATIVE INC PO BOX 150 YORK SC 29745 570274084 501(C)(12) 580000 0 ECONOMIC DEVELOPMENT SANTEE ELECTRIC COOPERATIVE INC PO BOX 548 KINGSTREE SC 29556 570240935 501(C)(12) 280000 0 ECONOMIC DEVELOPMENT LITTLE RIVER ELECTRIC COOPERATIVE INC PO BOX 927 ABBEVILLE SC 29620 570199889 501(C)(12) 185000 0 ECONOMIC DEVELOPMENT BLACK RIVER ELECTRIC COOPERATIVEINC PO BOX 130 SUMTER SC 29151 570124487 501(C)(12) 200000 0 ECONOMIC DEVELOPMENT HORRY ELECTRIC COOPERATIVE INC PO BOX 119 CONWAY SC 29528 570184136 501(C)(12) 100000 0 ECONOMIC DEVELOPMENT BERKELEY ELECTRIC COOPERATIVE INC PO BOX 1234 MONCKS CORNER SC 29461 570123093 501(C)(12) 100000 0 ECONOMIC DEVELOPMENT LYNCHES RIVER ELECTRIC COOPERATIVE INC PO BOX 308 PAGELAND SC 29728 570201923 501(C)(12) 470000 0 ECONOMIC DEVELOPMENT TRI-COUNTY ELECTRIC COOPERATICE INC PO BOX 217 ST MATTHEWS SC 29135 570263136 501(C)(12) 187199 0 ECONOMIC DEVELOPMENT PART I, LINE 2: ECONOMIC DEVELOPMENT GRANT PROGRAMS ARE ADMINISTERED THROUGH PALMETTO ECONOMIC DEVELOPMENT CORPORATION AND ITS BOARD. EXCEPTIONS TO THESE PROGRAM GUIDELINES MUST BE APPROVED BY CENTRAL'S BOARD. X 1 1 X X X X X 0 1 0 ROBERT HOCHSTETLER PRESIDENT & CEO 976000 0 19877 0 21136 0 455681 0 32118 0 1504812 0 0 0 MRYAN THOMAS SVP OF ADMINISTRATION & CFO 397482 0 10579 0 -2501 0 100172 0 30876 0 536608 0 0 0 JAMES COLE PRICE EVP OF MEMBER SERVICES 385823 0 10773 0 -3280 0 98779 0 30427 0 522522 0 0 0 WILLIAM WARE SVP OF ENGINEERING & ENG SVCS 273400 0 8354 0 -580 0 124412 0 29486 0 435072 0 0 0 MARCUS HARRIS SVP OF PLANNING & POWER SUPPLY 330334 0 1021 0 -1545 0 79286 0 24678 0 433774 0 0 0 JAMES TINDAL DIR OF TRANSMISSION DESIGN & CONSTR 179156 0 3025 0 -1857 0 148254 0 24171 0 352749 0 0 0 KENNETH MOTSINGER DIRECTOR OF ENGINEERING 222749 0 4168 0 -1325 0 72887 0 14250 0 312729 0 0 0 GERALD FLEMING DIRECTOR OF POWER SUPPLY 205812 0 3120 0 160 0 75934 0 24558 0 309584 0 0 0 TODD BERRIAN DIRECTOR OF RIGHT OF WAY SERVICES 167520 0 7510 0 2400 0 73848 0 17259 0 268537 0 0 0 DINAH RAVEN CORPORATE CONTROLLER 183093 0 7365 0 -80 0 52180 0 17511 0 260069 0 0 0 LESLIE MALEY VP OF PLANNING AND POWER SUPPLY 189008 0 3204 0 -712 0 21678 0 23514 0 236692 0 0 0 PART I, LINE 1A AS PART OF ITS WELLNESS PROGRAM, CENTRAL OFFERS EACH EMPLOYEE AND THEIR COVERED FAMILY MEMBER $20 PER MONTH TOWARDS A HEALTH CLUB MEMBERSHIP. UNTIL THE ANNUAL CAP OF $240 FOR THOSE WITH "EMPLOYEE ONLY" MEDICAL PLAN COVERAGE AND $480 FOR THOSE WITH "EMPLOYEE PLUS" (SPOUSE, CHILD, FAMILY) IS MET, CENTRAL WILL ALSO REIMBURSE UP TO $150 PER EMPLOYEE ANNUALLY FOR THE COST OF FITNESS EQUIPMENT. PART I, LINE 3 CENTRAL OBTAINS AN INDEPENDENT, THIRD-PARTY WAGE AND SALARY STUDY EVERY THREE YEARS. EVERY YEAR, CENTRAL PARTICIPATES IN A COMPENSATION AND BENEFITS SURVEY PERFORMED BY THE COOPERATIVE SYSTEM'S NATIONAL ORGANIZATION. THESE MARKET COMPARABLES ARE REVIEWED BY THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. PART I, LINE 4B CENTRAL'S PRESIDENT AND CEO, ROBERT HOCHSTETLER, SVP OF ADMINISTRATION AND CFO, RYAN THOMAS, AND SVP OF PLANNING AND POWER, MARCUS HARRIS PARTICIPATED IN CENTRAL'S 457(B) DEFERRED COMPENSATION PLAN ESTABLISHED IN 2010. IN 2024, HOCHSTETLER AND THOMAS EACH ELECTED TO DEFER $23,000 OF SALARY UNTIL REACHING NORMAL RETIREMENT DATE. HARRIS ELECTED TO DEFER $19,167. IN 2024, JAMES C. PRICE, RYAN THOMAS, AND MARCUS HARRIS PARTICIPATED IN CENTRAL'S EXECUTIVE BENEFIT RESTORATION PLAN. BENEFITS ACCRUED UNDER THIS PLAN ARE ACTUARIALLY DETERMINED BASED ON SALARY, AGE, AND YEARS OF SERVICE. FORM 990, PART VI, SECTION A, LINE 2 CENTRAL'S 19 MEMBER DISTRIBUTION COOPERATIVES EACH HAVE REPRESENTATION OF TWO MEMBERS TO THE BOARD. THESE REPRESENTATIVES CONSIST OF THE COOPERATIVE'S CHIEF EXECUTIVE OFFICER AND A MEMBER OF THE COOPERATIVE'S BOARD OF TRUSTEES. IN EACH CASE, THESE TWO PEOPLE WOULD HAVE A BUSINESS RELATIONSHIP OUTSIDE OF CENTRAL'S BOARD. BOARD MEMBERS ALSO SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS TOGETHER. FORM 990, PART VI, SECTION A, LINE 6 CENTRAL'S MEMBERSHIP CONSISTS OF NINETEEN DISTRIBUTION COOPERATIVES WITH REPRESENTATION OF TWO TRUSTEES EACH ON CENTRAL'S BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH DISTRIBUTION COOPERATIVE ELECTS ONE BOARD MEMBER FROM ITS OWN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE RETURN WAS REVIEWED BY THE FINANCE, AUDIT AND RISK COMMITTEE AND THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM SIGNED BY EACH BOARD MEMBER AND RETAINED FOR RECORDS FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS CENTRAL HIRES AN OUTSIDE CONSULTANT TO PERFORM AN INDEPENDENT SALARY STUDY. THE CONSULTANT REVIEWS THE JOB DESCRIPTIONS OF ALL CENTRAL EMPLOYEES, INCLUDING THE CEO, OFFICERS AND KEY EMPLOYEES. SALARY GRADE SCALES ARE APPLIED TO EACH POSITION AND A SALARY RANGE DETERMINED. IN ADDITION, 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 NOT AVAILABLE FOR PUBLIC INSPECTION. PART VII, SECTION A - PER DIEM PAID TO COOPERATIVE TWO TRUSTEES DID NOT RECEIVE COMPENSATION FOR SERVING ON THE BOARD OF TRUSTEES BECAUSE COMPENSATION WAS PAID DIRECTLY TO THE COOPERATIVE EMPLOYING THE INDIVIDUAL. DANNY SHELLEY IS EMPLOYED BY HORRY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $14,528, WAS PAID DIRECTLY TO THAT COOPERATIVE. MICHAEL S. FULLER IS EMPLOYED BY BERKELEY ELECTRIC COOPERATIVE AND THE PER DIEM RELATED TO HIS BOARD SERVICE, IN THE AMOUNT OF $23,840, WAS PAID DIRECTLY TO THAT COOPERATIVE. FORM 990, PART XI, LINE 9: MARGINS ALLOCATED TO MEMBERS 15,528,281. OTHER COMPREHENSIVE MARGIN RELATED TO POSTRETIREMENT BENEFIT OBLIGATION 285,530. OTHER COMPREHENSIVE MARGIN RELATED TO EXECUTIVE BENEFIT OBLIGATION 305,286. CENTRAL ELECTRIC POWER COOPERATIVE RETIREE WELFARE BENEFIT TRUST 34-7164073 -361,687. OTHER COMPREHENSIVE MARGIN RELATED TO UNREALIZED INVESTMENT GAIN/LOSS 47,063. PALMETTO ECONOMIC DEVELOPMENT CORP 1201 MAIN STREET COLUMBIA SC 29201 570873176 ECONOMIC DEVELOPMENT FOR ELECTRIC COOPERATIVES SC 501(C)(3) LINE 3 CENTRAL ELECTRIC POWER COOPERATIVE INC 1 DEMAND SIDE TOOLS LLC 20 COOPERATIVE WAY COLUMBIA SC 29210 352648278 COMPUTER SOFTWARE SC RELATED 4321 55945 0 1 0.50000 COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC 101 ENTERPRISE WAY WEST COLUMBIA SC 29170 MATERIAL SUPPLIER FOR ELECTRIC COOPERATIVES SC C 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 PALMETTO ECONOMIC DEVELOPMENT CORP L 4450884 ACTUAL COST COOPERATIVE ELECTRIC ENERGY UTILITY SUPPLY INC A 4747742 ACTUAL COST