Bylaws and Service Rules

NGEMC's guiding documents describing the organization and operation of the Cooperative.

Bylaws Service Rules and Regulations

2021 Financial Statements

Balance Sheet For Year Ended June 30, 2021

ASSETS
FIXED ASSETS:
  Property, Plant and Equipment 480,307,036
  Less A.D. (134,369,941)
    Total Fixed Assets 345,937,095
 
CURRENT ASSETS:
  Cash 17,203,804
  Accounts Receivable - Net 11,867,799
  Materials & Supplies 3,522,371
  Other Current Assets 9,421,598
    Total Current Assets 42,015,572
 
OTHER ASSETS:
  Investments in Associated Organizations 4,264,360
  Other Special Funds 614,250
  Energy Right Program Loans 4,245,820
  Prepaid Expense & Clearing Accts 849,476
  Other Deferred Debits -
    Total Other Assets 9,973,906
 
    Total Assets 397,926,573

LIABILITIES AND NET WORTH
CURRENT LIABILITIES:
  Accounts Payable 19,838,886
  Other Current Liabilities 12,509,879
    Total Current Liabilities 32,348,765
 
OTHER LIABILITIES:
  Energy Right Program Payable 4,366,862
  Long-Term Debt & Post Retire Benefits 152,665,097
    Total Other Liabilities 157,031,959
 
CAPITAL INVESTMENTS:
  Memberships 848,150
 
ACCUMULATED EARNINGS:
  Beginning of Year 200,358,431
  Current Net Income 7,339,268
  Total Earnings Reinvested in System Assets 207,697,699
    Total Liabilities and Net Worth 397,926,573

RECONCILIATION OF NET INCOME TO CASH EXPENDITURES FOR YEAR ENDED JUNE 30, 2021
Operating Revenue
  Sales of Electric Energy 231,938,376
  Other Revenue 8,080,523
    Total Operating Revenue 240,018,899
OPERATING EXPENSES:
  Purchased Power 176,139,589
  Distribution 21,334,098
  Customer Accounting & Collecting 4,345,108
  Administration & General 9,733,106
  Depreciation & Amortization 17,152,245
    Total Operating Expenses 228,704,146
 
Operating Income 11,314,753
  Misc. Income Deduction (18,070)
  Other Income - Interest 638,867
  Other Expense - Interest (4,596,282)
    Net Income from Operations 7,339,268
 
Investment in Electric Plant
  Year Ending June 30, 2021 (18,018,638)
  Depreciation & Amortization - Net 5,366,469
  Net Change in L.T. Debt 18,093,318
  Net Change in Liabilities (1,344,715)
  Net Change in Assets (1,666,356)
  Net Change in Cash 9,769,346

2020 Financial Statements

Balance Sheet For Year Ended June 30, 2020

ASSETS
FIXED ASSETS:
  Property, Plant and Equipment 462,289,825
  Less A.D. (129,003,472)
    Total Fixed Assets 333,286,353
 
CURRENT ASSETS:
  Cash 7,434,459
  Accounts Receivable - Net 11,291,590
  Materials & Supplies 2,824,112
  Other Current Assets 8,594,802
    Total Current Assets 30,144,963
 
OTHER ASSETS:
  Investments in Associated Organizations 4,103,558
  Other Special Funds 488,178
  Energy Right Program Loans 4,647,367
  Prepaid Expense & Clearing Accts 814,430
  Other Deferred Debits 353,854
    Total Other Assets 10,407,387
 
    Total Assets 373,838,703

LIABILITIES AND NET WORTH
CURRENT LIABILITIES:
  Accounts Payable 22,263,067
  Other Current Liabilities 11,225,268
    Total Current Liabilities 33,488,335
 
OTHER LIABILITIES:
  Energy Right Program Payable 4,799,816
  Long-Term Debt & Post Retire Benefits 134,032,839
    Total Other Liabilities 138,832,655
 
CAPITAL INVESTMENTS:
  Memberships 839,130
 
ACCUMULATED EARNINGS:
  Beginning of Year 194,799,731
  Current Net Income 5,878,852
  Total Earnings Reinvested in System Assets 200,678,583
    Total Liabilities and Net Worth 373,838,703

RECONCILIATION OF NET INCOME TO CASH EXPENDITURES FOR YEAR ENDED JUNE 30, 2020
Operating Revenue
  Sales of Electric Energy 230,644,556
  Other Revenue 7,652,713
    Total Operating Revenue 238,297,269
OPERATING EXPENSES:
  Purchased Power 177,956,255
  Distribution 20,187,267
  Customer Accounting & Collecting 5,573,271
  Administration & General 8,303,357
  Depreciation & Amortization 16,451,046
    Total Operating Expenses 228,471,196
 
Operating Income 9,826,073
  Misc. Income Deduction (55,058)
  Other Income - Interest 1,634,405
  Other Expense - Interest (5,526,568)
    Net Income from Operations 5,878,852
 
Investment in Electric Plant
  Year Ending June 30, 2020 (20,891,164)
  Depreciation & Amortization - Net 6,701,386
  Net Change in L.T. Debt 12,443,033
  Net Change in Liabilities (5,317,579)
  Net Change in Assets 3,152,382
  Net Change in Cash 1,966,910

2019 Financial Statements

Balance Sheet For Year Ended June 30, 2019

ASSETS
FIXED ASSETS:
  Property, Plant and Equipment 441,400,088
  Less A.D. (122,302,086)
    Total Fixed Assets 319,098,002
 
CURRENT ASSETS:
  Cash 5,467,549
  Accounts Receivable - Net 13,634,331
  Materials & Supplies 2,861,484
  Other Current Assets 9,232,006
    Total Current Assets 31,195,430
 
OTHER ASSETS:
  Investments in Associated Organizations 3,919,655
  Emergency Funds 594,239
  Energy Right Program Loans 5,162,763
  Prepaid Expense & Clearing Accts 864,308
  Other Deferred Debits -  
    Total Other Assets 10,540,965
 
    Total Assets 360,834,397

LIABILITIES AND NET WORTH
CURRENT LIABILITIES:
  Accounts Payable 21,460,135
  Other Current Liabilities 16,967,396
    Total Current Liabilities 38,427,531
 
OTHER LIABILITIES:
  Energy Right Program Payable 5,311,230
  Long-Term Debt & Post Retire Benefits 122,206,278
    Total Other Liabilities 127,517,508
 
CAPITAL INVESTMENTS:
  Memberships 828,430
 
ACCUMULATED EARNINGS:
  Beginning of Year 188,734,200
  Current Net Income 5,326,728
  Total Earnings Reinvested in System Assets 194,060,928
    Total Liabilities and Net Worth 360,834,397

RECONCILIATION OF NET INCOME TO CASH EXPENDITURES FOR YEAR ENDED JUNE 30, 2019
Operating Revenue
  Sales of Electric Energy 241,063,716
  Other Revenue 8,243,419
    Total Operating Revenue 249,307,135
OPERATING EXPENSES:
  Purchased Power 186,125,116
  Distribution 19,935,935
  Customer Accounting & Collecting 6,643,662
  Administration & General 12,209,184
  Depreciation & Amortization 15,559,854
    Total Operating Expenses 240,473,751
 
Operating Income 8,833,384
  Misc. Income Deduction (120,775)
  Other Income - Interest 2,429,074
  Other Expense - Interest (5,814,955)
    Net Income from Operations 5,326,728
 
Investment in Electric Plant
  Year Ending June 30, 2019 (16,968,542)
  Depreciation & Amortization - Net 7,193,100
  Net Change in L.T. Debt (8,192,282)
  Net Change in Liabilities 7,905,747
  Net Change in Assets 1,032,618
  Net Change in Cash (3,702,631)

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Members in good standing may request information about the Cooperative or request to attend a regular board meeting by submitting the following form.

Contact Us

1850 Cleveland Highway
Dalton, GA 30721
Phone: 706.259.9441

Drive-thru attendant Hours: M-F 7:30 a.m. to 5:00 p.m.
24/7/365 payment kiosk and drop box available in drive-thru.
Member Services team available by phone: M-F 7:30 a.m. to 5:30 p.m. 

Other 24/7 Payment and Account Options

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3368 Battlefield Parkway
Fort Oglethorpe, GA 30742
Phone: 706.866.2231

Drive-thru attendant Hours: M-F 7:30 a.m. to 5:00 p.m.
24/7/365 payment kiosk and drop box available in drive-thru.
Member Services team available by phone: M-F 7:30 a.m. to 5:30 p.m. 

Other 24/7 Payment and Account Options

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1128 South Wall Street
Calhoun, GA 30701
Phone: 706.629.3160

Drive-thru attendant Hours: M-F 7:30 a.m. to 5:00 p.m.
24/7/365 payment kiosk and drop box available in drive-thru.
Member Services team available by phone: M-F 7:30 a.m. to 5:30 p.m. 

Other 24/7 Payment and Account Options

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13822 Highway 27
Trion, GA 30753
Phone: 706.734.7341

Drive-thru attendant Hours: M-F 8:00 a.m. to 5:00 p.m.
24/7/365 payment kiosk drop box available in drive-thru.
Member Services team available by phone: M-F 7:30 a.m. to 5:30 p.m. 

Other 24/7 Payment and Account Options

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