Bylaws and Service Rules
NGEMC's guiding documents describing the organization and operation of the Cooperative.
2020 Financial Statements
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 | ||
| 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
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) | ||
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.