Prairie Power Inc

“On october 17, 2017, the cooperatives bylaws related to the qualifications and election of the directors and alternate directors were amended by the members. The amendment specified that it was to take effect with the election of directors and alternate directors at the next annual meeting of the members, which was held on june 20, 2018. Previously, the bylaws provided (a) that the members would elect two directors and one alternate director from each member, (b) that the directors and alternate director must be either a director of the member or an employee of the member, and (c) that only one employee of the member could be elected to serve at any time as either a director or alternate director from the member. The bylaws were revised to provide (a) that the members will elect two directors and one alternate director from each member, (b) that one of the directors must be a director of the member and the other director must be the ceo, general manager, manager or person authorized to act in a similar or equivalent capacity for the member, and (c) that the alternate director must be a director of the member.”

“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.”

“At the time of filing, the following are no longer with the organization and cannot be reached at the organization's address. Daniel breden can be reached at 102 jamie court, jacksonville, il 62650. Lyndon gabbert can be reached at 2460 state highway 39, aurora, mo 65605. Ronald hallendorf can be reached at 60 longview dr, geneseo, il 61254. Dean robison can be reached at 604 cr 1300e, windsor, il 61957. Tommie long can be reached at 722 s. Washington st, carthage, il 62321. Robert willis can be reached at 1138 700 e. St., mount sterling, il 62353. Scott uphoff can be reached at 10783 e co rd 1100 n, mattoon, il 61938. Lynn frasco can be reached at 12 hickory ridge lane, springfield, il 62707.”

“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 are provided numerous wage surveys as guidance. Additionally, the ppi board of directors approves an annual budget. The president and ceo are 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.”

“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.”

“Income from investments in llc's -$20,505 return of equity contributions -$5,000,000 income of prairie power solar $14,712 ------------ total other changes -$5,005,793”