Bylaws and Service Rules
NGEMC's guiding documents describing the organization and operation of the Cooperative.
2019 Financial Statements
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 | ||
| 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) | ||
2018 Financial Statements
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 | ||
| 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 | ||
Member Inquiry
Contact Us
1850 Cleveland Highway
Dalton, GA 30721
Phone: 706.259.9441
Lobby Hours: Closed due to COVID-19
Drive-Thru Hours: 9 a.m.- 4 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
Lobby Hours: Closed due to COVID-19
Drive-Thru Hours: 9 a.m.- 4 p.m.
Member Services Team Available by Phone/Online: 7:30 a.m. to 5:30 p.m.
Monday through Friday.
1128 South Wall Street
Calhoun, GA 30701
Phone: 706.629.3160
Lobby Hours: Closed due to COVID-19
Drive-Thru Hours: 9 a.m.- 4 p.m.
Member Services Team Available by Phone/Online: 7:30 a.m. to 5:30 p.m.
Monday through Friday.
13822 Highway 27
Trion, GA 30753
Phone: 706.734.7341
Lobby Hours: Closed due to COVID-19
Drive-Thru Hours: 9 a.m.- 4 p.m.
Member Services Team Available by Phone/Online: 7:30 a.m. to 5:30 p.m.
Monday through Friday.