Tuesday, January 8, 2019

We're Going to Bring You the Power!

Since the electric cooperatives of Mississippi are attempting to flex some muscle as they try to bring broadband internet service to rural Mississippi, JJ took a quick peek at their tax returns.  JJ occasionally posts the 990's of Mississippi non-profit organizations.  The co-ops get their turn at bat in this post. 


The tax returns of the co-ops are public record since they are non-profit organization.  Electric power associations are big business in Mississippi as seven earn more than $100 million in annual revenue. The average CEO makes $229,457 ($204K if largest salary excluded) with average revenue of $94 million ($65 million excluding Cooperative Energy). 

The CEO of the largest electric power association in Mississippi makes nearly a million dollars per year in annual compensation - more than Entergy Mississippi CEO Haley Fisackerly.  Entergy Mississippi (EMP) earned $1.1 billion in 2016.  Cooperative Energy of Hattiesburg is the big dog of the EPA pack as it earns over $800 million in revenue last year.  However, CE is a power generator that supplies power to eleven co-ops in South Mississippi. 

Posted below is the annual revenue reported in the most recent 990, CEO salary, and number of employees making over $100,000 per year at each co-op.  Enjoy. 






*CEO is Retired. CEO paid $187,000

** PA didn't report salaries on 990

Posted by Kingfish at 10:19 AM

14 comments:

Anonymous said...

Looks like it pays to be the chief

January 8, 2019 at 11:11 AM
Anonymous said...

24 hermit kingdom monopolies in Mississippi with rigged board elections.

January 8, 2019 at 3:34 PM
Anonymous said...

I always thought Sesame Street was totally overrated. Electric Company was the bomb, and had the better theme song.

Thanks for posting the intro.

January 8, 2019 at 5:00 PM
Anonymous said...

Other than Hattiesburg and Howard Fitz I don’t see any of these out offline

January 8, 2019 at 5:36 PM
Anonymous said...

Looks pretty fair for CEO’s of compnies. Hell, I would have though most of them would make 200k or more. Thanks for pointing out that the one in Hattiesburg has two different companies in one.

January 9, 2019 at 5:32 AM
Anonymous said...

Maybe a few of these are out of line. But what's wrong with paying a guy $179,000 to run a company with $90 million in revenue? Or paying a guy $144,00 to run a company with $34 million in revenue? Sounds underpaid if you ask me. Of course, I do not know the qualifications/performance of these individuals, number of employees under their direction, etc.

January 9, 2019 at 8:11 AM
Stog said...

While I've pushed my EPA to offer broadband I have also investigated the best way for EPA's to do so and without having to invest more funds in infrastructure.

There is a model for EPA's working jointly with Fixed Wireless Broadband providers to provide Rural Hi-Speed broadband and do so as easily in the remote, sparsely populated areas, where the need is probably most critical, especially for tele-medicine.

This involves the EPA offering the service provided by their Fixed Wireless provider as a benefit (just as they do motel and other discounts) while not having to spend funds on building an infrastructure.

This joint operation does not even require special legislation.

January 9, 2019 at 8:36 AM
Joseph Miller said...

There are over 18, yes 18 Fixed Wireless broadband companies in the state of Mississippi. Eagle One Wireless, LLC, TecInfo Communications, LLC, Mobile Communications LLC, and DSLbyAir, LLC just to name a few of them. We are all ready and willing to partner with the EPA's to expand further broadband to the high cost areas of our state. Because, at the end of the day, it is all about the customer.

January 9, 2019 at 9:01 AM
Anonymous said...

What about their trade association EPAs of Mississippi now called Electric Cooperatives of Mississippi? What does their CEO make - the former Public Service Commissioner Michael Callahan?

January 9, 2019 at 7:59 PM
Reddy Killowatt said...

https://projects.propublica.org/nonprofits/organizations/640200697/201811309349302986/IRS990

Callahan- well over $250,000.00

January 10, 2019 at 7:59 AM
Anonymous said...

If you think this is bad, you should see the allegations in the lawsuits filed against Southern Pine, Dixie Electric, Coast Electric, Delta Electric, Twin County Electric Power Association, Pearl River Valley Electric Power Association, and Southwest Mississippi Electric POwer Association. Between the 7 of them, over 300 million dollars in "patronage" (as of 2016) on their balance sheets, i.e., being hoarded by------NON-PROFIT, MEMBER-OWNED PUBLIC UTILITIES. Astonishing that our elected officials have not only let this happen, but have willfully turned a blind eye because of the SUPER PAC donations from the Electric Cooperatives of Mississippi Political Action Committee donations $$$

January 10, 2019 at 8:43 PM
Anonymous said...

One Manager or board member retires, their son takes their place. ie Central Electric Paul Long retires, Brian Long replaces dad as general manager.....how nice

January 11, 2019 at 7:45 AM
Anonymous said...

Actually, that’s not correct. You can see on page 471 that Fisackerly’s total compensation is $1,207,343.
http://www.entergy.com/content/investor_relations/pdfs/2017_Form_10K.pdf

January 14, 2019 at 11:11 AM
Kingfish said...

Fair enough. Was going off of the stock market website. Think it was Nasdaq.

I think that includes the stock options though.

January 14, 2019 at 11:15 AM

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Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

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In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

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This is definitely a Beaver production.

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Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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