2025-11-17T11:34:54-06:00 2024-12-31 861065772 DELOITTE TAX LLP 1230 PEACHTREE STREET SUITE 3100 ATLANTA GA 30309 990 2024-01-01 860176697 ARIZONA ELECTRIC POWER COOPERATIVE INC ARIZ 5205863631 PO BOX 670 BENSON AZ 85602 PETER F SCOTT CHIEF FINANCIAL OFFICER 5205863631 2025-11-17 1 0 BRIAN GAREAU P00847877 4042202000 2025-11-17 2024 2025-03-06 01:10:19Z PETER F SCOTT PO BOX 670 BENSON AZ 85602 190500566 0 X WWW.AZGT.COOP X 1961 AZ SALE OF ELECTRIC POWER 14 14 236 0 204885 23073 0 0 192498455 154087277 2948008 2710317 33596464 33198366 229042927 189995960 0 0 0 0 36983752 37564700 0 0 0 188860648 149089239 225844400 186653939 3198527 3342021 607120599 770104992 424642866 584284737 182477733 185820255 PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 0 0 AEPCO IS A GENERATION COOPERATIVE THAT PROVIDES THE POWER NEEDS OF ITS MEMBER-OWNED DISTRIBUTION COOPERATIVES, PROVIDING ELECTRICITY TO MORE THAN 147,000 METERS. TRANSMISSION COOPERATIVE THAT BRINGS LOCAL SUPPLY OF ELECTRICITY TO CUSTOMERS TO ENSURE RELIABLE AND ADEQUATE SUPPLY. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 180 0 1 236 1 1 1 0 0 0 0 188537165 14235015 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 AR AZ CA GA IN NC MD MN X PETER F SCOTT 5205865319 1000S HIGHWAY 80 PO BOX 670 BENSON AZ 85602 JASON BOWLING DIRECTOR 5.00 X 10000 0 0 PHIL COOK DIRECTOR 4.00 X 2000 0 0 FRANK DOWNS DIRECTOR 1.00 X 27000 0 0 LAWRENCE HINCHLIFFE DIRECTOR 6.00 X 24000 0 0 JOHNNIE FRIE DIRECTOR 0.00 0.00 X 25000 0 0 JOHN NELSSEN DIRECTOR 8.00 X 34300 0 0 DIANE SIEKER DIRECTOR 7.50 1.00 X 19500 0 0 RYALL STEWART DIRECTOR 7.50 X 29000 0 0 FRANK MCRAE DIRECTOR 0.00 0.00 X 12500 0 0 DARRIN FRANCOM DIRECTOR 3.00 X 6000 0 0 REUBEN B MCBRIDE DIRECTOR (PRESIDENT) 10.00 X X 38000 0 0 J TYLER CARLSON DIRECTOR(VICE PRESIDENT) 8.00 X X 31000 0 0 BRIAN HEITHOFF DIRECTOR(TREASURER) 4.00 X X 0 0 0 DANIEL BARRERA DIRECTOR(SECRETARY) 10.00 2.00 X X 24000 0 0 PATRICK LEDGER CHIEF EXCECUTIVE OFFICER 45.00 5.00 X 769607 0 101640 PETER SCOTT CHIEF FINANCIAL OFFICER 40.00 5.00 X 331822 0 88738 CHRISTOPHER JIMENEZ KEY EMPLOYEE 50.00 X 290793 0 66017 BENJAMIN ENGELBY GENERAL COUNSEL 40.00 X 283542 0 71690 MICHELLE FREEARK KEY EMPLOYEE 55.00 3.00 X 273271 0 82594 MIKE NELSON KEY EMPLOYEE 60.00 X 310069 0 86400 JOHN SANDERS KEY EMPLOYEE 50.00 X 315986 0 88476 RYAN MANZO KEY EMPLOYEE 42.00 X 219744 0 57697 NATHEN HATCH HIGHEST COMPENSATED EMPLOYEE 48.00 X 218521 0 73585 BORIS TUMARIN HIGHEST COMPENSATED EMPLOYEE 0.00 40.00 X 222946 0 56588 JASIN GLASNER HIGHEST COMPENSATED EMPLOYEE 28.00 12.00 X 216894 0 49561 CHARLES ALVES HIGHEST COMPENSATED EMPLOYEE 40.00 10.00 X 189092 0 68577 BRETT BERGESON KEY EMPLOYEE 38.00 2.00 X 177148 0 46328 4101735 0 937891 124 0 1 0 ALLIANCE FOR COOPERATIVE ENERGY SERVICES 4140 WEST 99TH STREET CARMEL IN 46032 POWER TRADING SERVICES 4197326 ALTERNATIVE REPAIR AND MACHINING 6555 TRADE CENTER DR JACKSONVILLE FL 32254 REPAIR SERVICES 2010948 SARGENT & LUNDY (V#101979) 55 E MONROE ST CHICAGO IL 606035713 ENGINEERING SERVICES 692060 EVERSHEDS SUTHERLAND (V#103205) 999 PEACHTREE STREET NE STE 2300 ATLANTA GA 30309 LEGAL EXPENSES 419172 BURNS & MCDONNEL ENGINEERING (V#100131) 9400 WARD PKWY KANSAS CITY MO 641141883 ENGINEERING SERVICES 398720 36 PROVIDE ELECTRIC POWER 900099 154087277 154087277 154087277 2710317 2710317 709491 504606 204885 204885 204885 OTHER SERVICE REVENUE 900099 32421830 32421830 CAPITAL CREDIT/PATR DI 571651 571651 32993481 189995960 186509107 204885 3281968 2226661 25603058 8177808 1557173 6527770 1328803 231253 393881 17690045 23523505 1869746 PRODUCTION 39811954 PURCHASED POWER 34119931 TRANSMISSION 19471745 PROPERTY TAX 4120606 186653939 9956396 2777788 28052006 32807951 39557190 57984529 40775573 52529004 56202583 72388350 1038100794 495133000 421369157 542967794 11207694 8649576 607120599 770104992 29069037 35667827 216889127 324546826 178684702 224070084 424642866 584284737 X 0 0 930 1430 182476803 185818825 182477733 185820255 607120599 770104992 X 3342021 501 X 0 1 X 1 0 22722716 22722716 56580287 43874848 12705439 4487799 4487799 707625090 451258152 256366938 246684902 246684902 542967794 MEMBER ADVANCES 37752616 DEFERRED CREDITS 66406960 CAPITAL LEASE OBLIGATIONS 1346785 CURRENT MATURITIES 1047114 OTHER LIABILITIES 117516609 224070084 X 189999019 3059 3059 189995960 0 189995960 186657000 3059 3059 186653941 0 186653941 PART X, LINE 2: EFFECTIVE JANUARY 1, 2010 THE COOPERATIVE ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2024, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS NOR DID IT HAVE UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 UNDER PREVIOUS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE RECLASS PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE RECLASS X 1 1 X 0 0 0 PATRICK LEDGER CHIEF EXCECUTIVE OFFICER 629906 0 40277 0 99424 0 78092 0 23548 0 871247 0 0 0 PETER SCOTT CHIEF FINANCIAL OFFICER 305809 0 405 0 25608 0 67234 0 21504 0 420560 0 0 0 CHRISTOPHER JIMENEZ KEY EMPLOYEE 283037 0 752 0 7004 0 44303 0 21714 0 356810 0 0 0 BENJAMIN ENGELBY GENERAL COUNSEL 288975 0 895 0 -6328 0 45542 0 26148 0 355232 0 0 0 MICHELLE FREEARK KEY EMPLOYEE 269136 0 423 0 3712 0 57954 0 24640 0 355865 0 0 0 MIKE NELSON KEY EMPLOYEE 288246 0 432 0 21391 0 65731 0 20669 0 396469 0 0 0 JOHN SANDERS KEY EMPLOYEE 299025 0 434 0 16527 0 68018 0 20458 0 404462 0 0 0 RYAN MANZO KEY EMPLOYEE 211039 0 2028 0 6677 0 40269 0 17428 0 277441 0 0 0 NATHEN HATCH HIGHEST COMPENSATED EMPLOYEE 210506 0 8433 0 -418 0 48313 0 25272 0 292106 0 0 0 BORIS TUMARIN HIGHEST COMPENSATED EMPLOYEE 217880 0 1295 0 3771 0 32838 0 23750 0 279534 0 0 0 JASIN GLASNER HIGHEST COMPENSATED EMPLOYEE 217392 0 1879 0 -2377 0 32249 0 17312 0 266455 0 0 0 CHARLES ALVES HIGHEST COMPENSATED EMPLOYEE 188683 0 2062 0 -1653 0 43582 0 24995 0 257669 0 0 0 BRETT BERGESON KEY EMPLOYEE 177639 0 1590 0 -2081 0 26724 0 19604 0 223476 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ARIZONA ELECTRIC POWER COOPERATIVE, INC. HAS 6 CLASS A DISTRIBUTION COOPERATIVE MEMBERS AND 5 CLASS D MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DISTRIBUTION COOPERATIVE MEMBERS ELECT THE PERSONS THAT REPRESENT THEM ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION BY A PROFESSIONAL TAX FIRM, THE RETURN IS REVIEWED IN DETAIL BY THE MANAGER OF ACCOUNTING AND THEN REVIEWED AGAIN BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH EMPLOYEE CERTIFIES HE/SHE HAS REVIEWED THE CODE OF CONDUCT, WHICH CONTAINS THE CONFLICT OF INTEREST POLICY. ANNUALLY EACH DIRECTOR CERTIFIES HE/SHE HAS REVIEWED THE CONFLICT OF INTEREST TRANSACTION (BY-LAWS SECTION 5.09). FORM 990, PART VI, SECTION B, LINE 15A BOARD COMPENSATION COMMITTEE FOR CEO. OTHER TOP MANAGEMENT COMPENSATION IS SET BY CEO AND INTERNAL COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON WEB SITE OR UPON REQUEST. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIREMENT 501. SIERRA SOUTHWEST COOPERATIVE SERVICE INC 1000S HIGHWAY 80 PO BOX 670 BENSON AZ 856027007 860928376 UTILITY SERVICE PROVIDER AZ N/A C 0 SIERRA ARIZONA ENERGY SERVICES INC PO BOX 670 BENSON AZ 85602 860625251 RETAIL SALES AZ N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SIERRA SOUTHWEST COOPERATIVE SERVICES INC E 75755 ALLOCATION OF COSTS SIERRA SOUTHWEST COOPERATIVE SERVICES INC E 2226 ALLOCATION OF COSTS