2025-12-08T10:12:08-06:00 2024-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-01-01 751668526 RAYBURN COUNTRY ELECTRIC COOPERATIVE INC RAYB 4694022100 PO BOX 37 ROCKWALL TX 75087 STEPHANIE WEEKS CFO 4694022100 2025-12-02 1 0 WILLIAM M MILLER P00439459 8067473806 2025-12-02 X 2024 2025-03-06 01:10:19Z DAVID NAYLOR PO BOX 37 ROCKWALL TX 75087 412272207 0 X WWW.RAYBURNELECTRIC.COM X 1979 TX TO PROVIDE WHOLESALE POWER SUPPLY AND REGULATORY REPRESENTATION ON BEHALF OF ITS MEMBERS. 4 4 114 0 9600 8600 0 0 679419606 405695830 3589120 6553192 -9730 9600 682998996 412258622 65679 55190 17949261 19946690 13322802 16695867 0 0 0 651624149 375537849 682961891 412235596 37105 23026 1099492327 1169520032 931025660 981108785 168466667 188411247 TO MAXIMIZE THE VALUE OF OUR MEMBERS' INVESTMENT WHILE MAINTAINING COMPETITIVE WHOLESALE POWER COSTS AS WE EXEMPLIFY INTEGRITY AND EXCELLENCE. 0 0 PROVIDING WHOLESALE ELECTRIC ENERGY TO 4 DISTRIBUTION COOPERATIVE MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 59 0 114 1 1 1 0 0 0 0 403586435 8496037 0 0 0 X 4 4 1 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X STEPHANIE WEEKS CFO 4694022100 950 SIDS ROAD ROCKWALL TX 75032 X BILL SAMUELS ALTERNATE DIRECTOR 2.00 X 5594 0 0 HOWARD TILLISON ALTERNATE DIRECTOR 2.00 X 6286 0 0 JEFF LANE SECRETARY/TREASURER 2.00 1.00 X X 9600 0 0 JOHN ED SHINPAUGH VICE CHAIRMAN 2.00 1.00 X X 7502 0 0 STEVE COLLIDA ALTERNATE DIRECTOR 2.00 X 5663 0 0 DAVID MCGINNIS CHAIRMAN 2.00 X X 10750 0 0 PAUL KIRKLAND ALTERNATE DIRECTOR 2.00 X 5518 0 0 MARK STUBBS ALTERNATE DIRECTOR 2.00 X 6400 0 0 DAVID NAYLOR PRESIDENT/CHIEF EXECUTIVE 40.00 1.00 X 1011974 0 85719 DAVID BRAUN CHIEF FINANCIAL OFFICER(JAN-MAR) 40.00 1.00 X 318403 0 66224 CHRISTOPHER ANDERSON GENERAL COUNSEL 40.00 X 533176 0 85719 STEPHEN GEIGER CHIEF OPERATING OFFICER 40.00 X 591590 0 85719 CHASE SNUFFER CHIEF INFORMATION OFFICER 40.00 X 552489 0 85719 STEPHANIE WEEKS CHIEF FINANCIAL OFFICER (MAR-DEC) 40.00 X 427503 0 83610 CHRISTIAN NAGLE DIRECTOR OF POWER SUPPLY 40.00 X 361845 0 84137 DONALD CANTRELL DIRECTOR OF POWER PLANT OPERATIONS 40.00 X 335620 0 82430 JENNIFER PULLIAM ASST. GENERAL COUNSEL 40.00 X 300469 0 77597 FRANK OWENS DIRECTOR OF COMPLIANCE 40.00 X 238358 0 68084 SCOTT DONHAM ENGINEERING MANAGER 40.00 X 231671 0 66897 4960411 0 871855 11 0 1 0 TRI-CON SERVICES INC PO BOX 472867 GARLAND TX 75047 CONSTRUCTION SERVICES 7925728 R DELTA ENGINEERS INC 618 MAIN STREET GARLAND TX 75040 ENGINEERING SERVICES 5246955 NORTHSTAR ENERGY SOLUTIONS LLC PO BOX 847154 DALLAS TX 75284 CONSTRUCTION SERVICES 4451652 HUFFMAN COMMUNICATION SALES INC PO BOX 1753 CORSICANA TX 75151 CONSTRUCTION SERVICES 3172378 PULLIAM CONSTRUCTION MANAGEMENT INC PO BOX 1132 WYLIE TX 75098 CONSTRUCTION SERVICES 3047943 45 X SALES OF ELECTRICITY 221000 403586435 403586435 PATRONAGE DIVIDENDS 221000 1622290 1622290 OTHER PROGRAM REVENUE 221000 487105 487105 405695830 6566777 6566777 9600 0 9600 9600 9600 13585 -13585 -13585 -13585 412258622 405682245 9600 6566777 X 55190 19946690 3985158 8537349 1045703 2334743 792914 25460812 20983597 PURCHASED POWER 240482590 POWER GENERATION 40939989 TRANSMISSION EXPENSE 30195719 UNRELATED BUS. INC. TAX 890 17474252 412235596 79038071 53967586 35288047 34214905 3413758 6441807 63612766 31641242 819480039 234283855 902825110 585196184 15220813 457976135 93762 82173 1099492327 1169520032 42418456 46057809 877297050 909134859 11310154 25916117 931025660 981108785 X 0 0 5929429 5929429 162537238 182481818 168466667 188411247 1099492327 1169520032 X 23026 19921554 X X 0 1 X 0 0 62629283 62629283 129251266 1406433 127844833 402655634 166002240 236653394 224943856 66875182 158068674 585196184 PATRONAGE CAPITAL - CFC 4962950 C PATRONAGE CAPITAL - COBANK 2383388 C PATRONAGE CAPITAL - TEC 91754 C MEMBERSHIP - CFC 1000 C CAPITAL TERM CERTIFICATES - CFC 4968988 C MEMBER CAPITAL SECURITIES - CFC 1000000 C ACES CONTRIBUTED CAPITAL 1300000 C OTHER INVESTMENTS 624383 C ROW TURST 519 C NOTES RECIEVEABLE - SUBSIDIARY 437473095 C INVESTMENT IN SUBSIDIARY 5170058 C 457976135 ACCUMLATED PROVISION FOR POST-RETIREMENT BENEFITS 892029 ACCRUED PROPERTY TAXES 845789 RATE REFUND (SHORT TERM) 11144111 MEMBER DEPOSITS 13132350 DEFERRED CREDIT - FREESTONE -98162 25916117 X PART X, LINE 2: THE COOPERATIVE FOLLOWS THE PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN FASB ACCOUNTING STANDARDS CODIFICATION 740-10-65-1. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART VIII: THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. 0 TEXAS ELECTRIC COOPERATIVES 1122 COLORADO STREETS 24TH FLOOR AUSTIN TX 78701 741007829 CORPORATION 15900 0 YOUTH TOUR SPONSORSHIP - 5 STUDENTS 1 X X 0 0 0 DAVID NAYLOR PRESIDENT/CHIEF EXECUTIVE 911685 0 17308 0 82981 0 44850 0 40869 0 1097693 0 0 0 STEPHEN GEIGER CHIEF OPERATING OFFICER 532662 0 10894 0 48034 0 44850 0 40869 0 677309 0 0 0 CHASE SNUFFER CHIEF INFORMATION OFFICER 516055 0 10577 0 25857 0 44850 0 40869 0 638208 0 0 0 CHRISTOPHER ANDERSON GENERAL COUNSEL 514493 0 10577 0 8106 0 44850 0 40869 0 618895 0 0 0 STEPHANIE WEEKS CHIEF FINANCIAL OFFICER (MAR-DEC) 404985 0 9399 0 13119 0 44850 0 38760 0 511113 0 0 0 CHRISTIAN NAGLE DIRECTOR OF POWER SUPPLY 353463 0 7212 0 1170 0 44850 0 39287 0 445982 0 0 0 DONALD CANTRELL DIRECTOR OF POWER PLANT OPERATIONS 327302 0 6510 0 1808 0 43396 0 39034 0 418050 0 0 0 DAVID BRAUN CHIEF FINANCIAL OFFICER(JAN-MAR) 123171 0 12278 0 182954 0 40511 0 25713 0 384627 0 0 0 JENNIFER PULLIAM ASST. GENERAL COUNSEL 293510 0 5886 0 1073 0 38922 0 38675 0 378066 0 0 0 FRANK OWENS DIRECTOR OF COMPLIANCE 228373 0 4580 0 5405 0 30284 0 37800 0 306442 0 0 0 SCOTT DONHAM ENGINEERING MANAGER 202711 0 4032 0 24928 0 29472 0 37425 0 298568 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE COOPERATIVE HAS 4 BOARD MEMBERS, AND 4 ALTERNATE BOARD MEMBERS. EACH ALTERNATE REPRESENTS THE SAME ORGANIZATION FOR WHOM THEY ARE THE ALTERNATE. ALTERNATES ONLY VOTE IF THEIR REGULAR BOARD MEMBER IS NOT IN ATTENDANCE. FORM 990, PART VI, SECTION A, LINE 2 A BUSINESS RELATIONSHIP EXISTS BETWEEN DAVID MCGINNIS, DIRECTOR, AND DAVID NAYLOR, PRESIDENT/CEO. BOTH SERVE ON THE BOARD OF ALLIANCE FOR COOPERATIVE ENERGY SERVICES POWER MARKETING, LLC (ACES) AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE WHOLESALE POWER AND TRANSMISSION SERVICES AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE EACH APPOINT A REPRESENTATIVE TO SERVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. IF POLICIES NEED TO BE UPDATED, THEY ARE DRAFTED AND THEN REVIEWED WITH LEGAL COUNSEL BEFORE PRESENTATION TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S PRESIDENT/CEO. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION. THE BOARD AND THE PRESIDENT/CEO USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO POWER PROVIDERS, MEMBERS AND LENDERS AS REQUIRED BY AGREEMENTS WITH EACH. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. EMPLOYER CONTRIBUTIONS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF THE PLAN. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLAN, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. FORM 990, PARTS VI & VII: THE COOPERATIVE ANNUALLY PROVIDES EACH DIRECTOR AND EMPLOYEE OFFICER A QUESTIONNAIRE AND TIME LOG. THE COMPLETED QUESTIONNAIRES AND TIME LOGS ARE USED TO COMPLETE THE APPLICABLE QUESTIONS ON THE FORM 990 PERTAINING TO BUSINESS RELATIONSHIPS AMONG DIRECTORS, OFFICERS, AND KEY EMPLOYEES, AS WELL AS TO DETERMINE IF THERE ARE ANY TRANSACTIONS WHICH MUST BE REPORTED IN DETAIL ON SCHEDULE L - "TRANSACTIONS WITH INTERESTED PERSONS". IF THE COOPERATIVE WAS UNABLE TO OBTAIN A COMPLETED QUESTIONNAIRE AND/OR TIME LOG, THE COOPERATIVE RELIED UPON THE COMPLETED INFORMATION FOR THE PRIOR YEAR. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $25,548,489 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (55,190) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (57,568) LESS: RECLASS OF LABOR TO PART IX, LINES 5&7 (7,082,195) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (2,760,168) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990 $15,593,368 OPERATING TAXES 1,880,622 TOTAL OTHER EXPENSES PER FORM 990, PART IX, LINE 24E $17,473,993 FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $12,522,762 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (57,568) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (492,710) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,374,972 PLUS: SALARIES AND WAGES CAPITALIZED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 1,430,932 TOTAL WAGES ACCRUED AND/OR PAID $14,778,388 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 19,946,690. PATRONAGE CAPITAL RETIRED - TOTAL -2,110. EQUITY METHOD INCOME FROM SUBSIDIARY -23,026. FORM 990, PART XII, LINE 2C: THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. REC CARES PO BOX 37 ROCKWALL TX 75032 923958782 CHARITABLE ORGANIZATION TX 501(C)(3) LINE 7 RAYBURN COUNTRY ELECTRIC COOPERATIVE INC 1 RAYBURN ENERGY STATION LLC PO BOX 37 ROCKWALL TX 75032 751668526 POWER GENERATION TX RAYBURN COUNTRY ELECTRIC COOPERATIVE INC C 154941000 452740535 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 REC CARES N N/A - LESS THAN $50,000 REC CARES O N/A - LESS THAN $50,000 REC CARES P N/A - LESS THAN $50,000 RAYBURN ENERGY STATION LLC N N/A - LESS THAN $50,000 RAYBURN ENERGY STATION LLC O N/A - LESS THAN $50,000