Bylaws and Service Rules

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

2018 Financial Statements

Balance Sheet For Year Ended June 30, 2018
ASSETS
FIXED ASSETS:
	Property, Plant and Equipment		424,432,974
	Less A.D.		(115,108,986)
		Total Fixed Assets	309,323,988

CURRENT ASSETS:
	Cash		9,170,180
	Accounts Receivable - Net		13,858,962
	Materials & Supplies		2,810,368
	Other Current Assets		9,790,856
		Total Current Assets	35,630,366

OTHER ASSETS:
	Investments in Associated Organizations		3,748,777
	Emergency Funds		668,026
	Energy Right Program Loans		5,587,838
	Prepaid Expense & Clearing Accts		835,209
	Other Deferred Debits		-
		Total Other Assets	10,839,850

		Total Assets	355,794,204
LIABILITIES AND NET WORTH
CURRENT LIABILITIES:
	Accounts Payable		18,137,740
	Other Current Liabilities		11,035,404
		Total Current Liabilities	29,173,144

OTHER LIABILITIES:
	Energy Right Program Payable		5,758,964
	Long-Term Debt & Post Retire Benefits		140,192,549
		Total Other Liabilities	145,951,513

CAPITAL INVESTMENTS:
	Memberships		821,160

ACCUMULATED EARNINGS:
	Beginning of Year		172,914,156
	Current Net Income		6,934,231
	Total Earnings Reinvested in System Assets		179,848,387
		Total Liabilities and Net Worth	355,794,204

RECONCILIATION OF NET INCOME TO CASH EXPENDITURES FOR YEAR ENDED JUNE 30, 2018
Operating Revenue
	Sales of Electric Energy		239,310,241
	Other Revenue		8,073,131
		Total Operating Revenue	247,383,372

OPERATING EXPENSES:
	Purchased Power		185,243,302
	Distribution		21,441,809
	Customer Accounting & Collecting		5,452,569
	Administration & General		9,807,914
	Depreciation & Amortization		14,944,212
		Total Operating Expenses	236,889,806

Operating Income			10,493,566
	Misc. Income Deduction		14,418
	Other Income - Interest		2,561,046
	Other Expense - Interest		(6,134,799)
		Net Income from Operations	6,934,231

Investment in Electric Plant
	Year Ending June 30, 2018		(15,342,072)
	Depreciation & Amortization - Net		5,073,228
	Net Change in L.T. Debt		(3,027,559)
	Net Change in Liabilities		(2,291,977)
	Net Change in Assets		13,454,359
	Net Change in Cash		4,800,210

Balance Sheet For Year Ended June 30, 2017
ASSETS
FIXED ASSETS:
	Property, Plant and Equipment		409,092,329
	Less A.D.		(110,035,758)
		Total Fixed Assets	299,056,571

CURRENT ASSETS:
	Cash		4,369,969
	Accounts Receivable - Net		12,252,721
	Materials & Supplies		2,437,506
	Other Current Assets		9,297,287
		Total Current Assets	28,357,483

OTHER ASSETS:
	Investments in Associated Organizations		3,639,083
	Emergency Funds		16,726,023
	Energy Right Program Loans		6,006,066
	Prepaid Expense & Clearing Accts		394,284
	Other Deferred Debits		-
		Total Other Assets	26,765,456

		Total Assets	354,179,510
LIABILITIES AND NET WORTH
CURRENT LIABILITIES:
	Accounts Payable		19,831,622
	Other Current Liabilities		10,456,659
		Total Current Liabilities	30,288,281

OTHER LIABILITIES:
	Energy Right Program Payable		6,118,766
	Long-Term Debt & Post Retire Benefits		151,834,591
		Total Other Liabilities	157,953,357

CAPITAL INVESTMENTS:
	Memberships		816,180

ACCUMULATED EARNINGS:
	Beginning of Year		161,111,565
	Current Net Income		4,010,127
	Total Earnings Reinvested in System Assets		165,121,692
		Total Liabilities and Net Worth	354,179,510

RECONCILIATION OF NET INCOME TO CASH EXPENDITURES FOR YEAR ENDED JUNE 30, 2017
Operating Revenue
	Sales of Electric Energy		233,850,406
	Other Revenue		7,693,229
		Total Operating Revenue	241,543,635

OPERATING EXPENSES:
	Purchased Power		183,222,540
	Distribution		21,559,892
	Customer Accounting & Collecting		5,448,233
	Administration & General		9,054,303
	Depreciation & Amortization		14,417,868
		Total Operating Expenses	233,702,836

Operating Income			7,840,799
	Misc. Income Deduction		(37,429)
	Other Income - Interest		2,539,370
	Other Expense - Interest		(6,332,613)
		Net Income from Operations	4,010,127

Investment in Electric Plant
	Year Ending June 30, 2017		(14,491,079)
	Depreciation & Amortization - Net		2,581,593
	Net Change in L.T. Debt		(8,050,121)
	Net Change in Liabilities		6,453,868
	Net Change in Assets		8,848,997
	Net Change in Cash		(646,615)

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
Lobby and drive-thru open 7:30 a.m. to 5:30 p.m.
Monday through Friday

3368 Battlefield Parkway
Fort Oglethorpe, GA 30742
Phone: .706.866.2231
Lobby and drive-thru open 7:30 a.m. to 5:30 p.m.
Monday through Friday.

1128 South Wall Street
Calhoun, GA 30701
Phone: 706.629.3160
Lobby and drive-thru open 7:30 a.m. to 5:30 p.m.
Monday through Friday.