Bylaws and Service Rules

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

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, 2019
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

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)

New to NGEMC or need to move existing service to a new location? Get started here.

New Service

1850 Cleveland Highway
Dalton, GA 30721
Phone: 706.259.9441

Drive-Thru Hours: 7:30 a.m. to 5:00 p.m.
Member Services Team Available by Phone/Online: 7:30 a.m. to 5:30 p.m.
Monday through Friday

3368 Battlefield Parkway
Fort Oglethorpe, GA 30742
Phone: 706.866.2231

Drive-Thru Hours: 7:30 a.m. to 5:00 p.m.
Member Services Team Available by Phone/Online: 7:30 a.m. to 5:30 p.m.
Monday through Friday.