Southeastern Electric Exchange Inc

“The exchange is a member organization. Current members of the organization are american electric power, baltimore gas & electric, centerpoint energy, cleco corporate holdings llc, common wealth edison company, dominion energy, duke energy corporation, entergy corporation, entergy operations, entergy services, firstenergy corporation, firstenergy services, florida power and light company, florida public utilities company, louisville gas & electric kentucky utilities, oklahoma gas & electric company, oncor electric delivery company, peco energy company, pepco holdings, ppl electric utilities company, south carolina electric & gas company, the southern company, southern company services, southern nuclear operating company, tampa electric company, texas-new mexico power company, and the dayton power and light company. These members may each appoint one individual to the board of directors. The board of directors make decisions on behalf of the member organizations.”

“The form 990 is reviewed after completion, before submission by the executive director. Upon submission, all voting members are notified and a copy of form 990 is provided upon request within 30-days.”

“Annually, all officers, employees and directors are required to review the conflict of interest policy and disclose any interests that could give rise to conflicts. The board of directors reviews this process each year at their annual meeting, as well as any reported instances of possible conflicts.”

“Annually, the finance committee of the board of directors, consisting of the three board officers and treasurer, meets and agrees on the recommended annual salary and any bonus for the executive director. The finance committee may (and often does) use national salary and benefit surveys when deciding on appropriate compensation for the executive director. The recommendation is presented to the board at their annual meeting. The board may approve or modify the finance committee's recommendation. The approved annual salary and any bonus for the executive director is recorded in the minutes of the annual board meeting.”

“Other key employees' salary and any bonus is recommended annually by the executive director to the finance committee of the board of directors. The executive director may (and often does) use national salary and benefit surveys when deciding on appropriate compensation for key employees. After finance committee approval, the recommendation is presented to the board at their annual meeting. The board may approve or modify the finance committee's recommendation. Final decision and compensation is recorded in the annual budget document.”

“Copies of the organization's form 990 and exempt status application materials will be provided immediately upon requests made in person during normal business hours at the organization's address as stated on the first page of the form 990. Copies will be provided within 30 days of receipt of written requests. The organization makes its governing documents, all policies, and financial statements available to members during normal business hours at the organization's address as stated on the first page of form 990; and, within 30 days of receipt of written requests.”

“(1)Amer. Electric Power Rep: T Kirkpatrick (2)Balt Gas & Elect Co Rep: S Woerner (3)Centerpoint Energy Rep: K Mercado (4)Cleco Power LLC Rep: W Fontenot (5)Dominion Rep: E Baine (6)Duke Energy Corp: J Smith (7)Entergy Corp. Rep: P Hinnenkamp (8)Florida Pwr & Lt Co. Rep: M Miranda (9)LGE-KU LLC Rep: J Wolfe (10)Oklahoma Gas & Elec Co. Rep: J Leger (11)ONCOR Elec Delivery Co. Rep: K Hull (12)PECO Energy Corp. Rep: M Innocenzo (13)Pepco Holdings Inc Rep: D Velazquez (14)PPL Electric Utilities Rep: G Dudkin (15)SC Elect & Gas Co. Rep: K Kissam (16)The Southern Company Rep: L Sibert (17)Tampa Electric Comp Rep: G Gillette (18)Duke Energy Corp. Rep.: J Stone”