Delta Electric Power Association

“The association was organized with members.”

“Members elect the directors of the cooperative and approve certain actions.”

“The business and affairs of the organization are managed by the board of directors which exercises all of the powers of the organization except such as are by law, or by the certificate of incorporation of the organization, or by the bylaws conferred upon or reserved to the members. The organization's bylaws include certain provisions in which a majority of the membership would need to approve such transaction. An example would be decisions to sell, lease, or otherwise dispose of more than ten percent of the organization's property.”

“Presented to the directors for their approval at the regular board meeting prior to filing.”

“An annual certification is required of each director.”

“Must be approved by the directors.”

“Presented to the directors for approval.”

“Bylaws are on our website and offered to all new members. All governing materials are available at any time upon request. Articles of incorporation are available on the mississippi secretary of state website.”

“Description of the organization mission: cost.”

“Line 9, changes in net assets: changes in memberships 1,065. Changes in capital stock 289,435. Unrealized gains/losses 564,579. Retirement of patronage capital -6,091,857. Assignment of net margins to members 7,664,154. Total to form 990, part xi, line 9 2,436,376.”

“Patrons capital credits allocated 14,043,185 patrons capital credit paid -4,155,814 total 9,887,371”

“Line 2c explanation: on june 16, 2020 delta electric power association (delta epa) formed its wholly-owned subsidiary, delta fiber, llc d/b/a de lightspeed (de lightspeed). De lightspeed began its operating activity in december 2020. The consolidated financial statements include the accounts of delta epa and de lightspeed. All references to the association include delta epa and de lightspeed. All material intercompany balances and transactions have been eliminated in consolidation.”