Prairie Power Inc

“The organization has one class of members that consist of ten electric distribution cooperatives in illinois.”

“Each distribution cooperative member of ppi nominates two persons to serve as directors of ppi and one person to serve as an alternate director of ppi to act in the absence of a director. The members of ppi elect the directors and alternate directors at the annual meeting of members of ppi.”

“Certain actions of ppi, e.g. Merger, consolidation or sale of substantially all of the assets of ppi outside of the ordinary course of business, require approval of ppi's electric distribution cooperative members.”

“Prior to filing, the form 990 was reviewed by management of ppi. In addition, the form 990 was reviewed by the ppi finance/legal committee, which reported on this review to the full board of directors. After the review, every member of the board of directors was provided with a copy of the form 990.”

“Ppi's legal counsel annually reviews the conflict of interest policy with the officers, directors, and key employees. Each director, officer, and key employee must annually complete, sign, and submit the conflict of interest certification and disclosure form.”

“The president and ceo has a written employment contract approved by the board of directors. Annually this employment contract is reviewed and may be revised. In establishing the compensation for the president and ceo, the board of directors reviews information available through industry organizations, including the national rural electric cooperative association. The president and ceo review is conducted annually in may by the board of directors.”

“The salaries of other staff officers and key employees are determined by the president and ceo. The president and ceo is provided numerous wage surveys as guidance. Additionally, the ppi board of directors approves an annual budget. The president and ceo is to determine salaries within the budget amount provided by the board. These compensation reviews are conducted annually in september by the supervisors and president/ceo.”

“Prairie power, inc. Maintains its governing documents, conflict of interest policy and financial statements in a central location at the organization's headquarters. These documents are available upon request and shall be issued at the organization's discretion.”

“At the time of filing, jay bartlett is no longer with the organization and cannot be reached at the organization's address. He can be reached at the following address: p.o. Box 24700, indianapolis, in 46224.”

“INCOME FROM INVESTMENTS IN LLC'S -$2,355 Return of Equity Contributions -$500,000 OTHER CHANGES -$3 --------- TOTAL OTHER CHANGES -$502,358”

“The employee benefit expenditure reported on line 9 includes the organization's pension plan expenses; however, the current accounting for these amounts is not in a format that would permit an allocation between lines 8 & 9 at this time. Additional information is available upon request.”