North Carolina Electric Membership

Raleigh, NC · Founded 1949

Wholesale electric power provider serving North Carolina's member-owned distribution cooperatives

Primary audience
Electric Cooperatives
Work area
Power Generation
Topic
Energy Infrastructure
Contact
Joseph P Brannan
Website Contact

About Organization

North Carolina Electric Membership provides wholesale electric power to distribution member cooperatives across North Carolina. Based in Raleigh, NC, the organization was founded in 1949 and operates with 182 employees, generating $1.25 billion in revenue in 2024. The organization manages $2.42 billion in assets to ensure reliable electricity delivery to cooperative members throughout the state.

What They Focus On

Electric Power Supply

Wholesale generation and transmission of electricity to member cooperatives ensuring reliable energy access

Community Development

Economic development assistance and educational support programs strengthening rural North Carolina communities

Infrastructure Reliability

Grid infrastructure maintenance and compliance ensuring stable electricity delivery during extreme weather

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$1.3B

+6.8% vs 2023

Expenses (2024)

$1.2B

+7% vs 2023

Assets (2024)

$2.4B

+10% vs 2023

Employees (2024)

182

-9.5% vs 2023

Year Revenue Expenses Assets Employees
2024 $1,251,544,262 $1,221,544,262 $2,422,893,032 182
2023 $1,171,919,581 $1,141,919,581 $2,202,526,245 201
2022 $1,247,913,136 $1,217,913,136 $2,328,294,916 191
2021 $1,170,744,231 $1,140,744,231 $2,356,482,991 185
2020 $1,109,305,874 $1,079,305,874 $2,174,728,007 180
2019 $1,219,103,028 $1,189,103,028 $2,180,228,388 207
2018 $1,210,648,659 $1,180,648,659 $2,183,458,229 188

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Power Generation

    Generates and purchases wholesale electricity from various sources to meet cooperative member demand

  • 02

    Transmission Management

    Operates transmission infrastructure to deliver power to twenty-six distribution member cooperatives statewide

  • 03

    Grid Monitoring

    Monitors electricity demand and grid reliability to ensure stable power supply during peak usage

  • 04

    Community Investment

    Supports member communities through economic development, educational, and agricultural assistance programs

Programs and Initiatives

Services and programs offered by North Carolina Electric Membership

Wholesale Power Supply

Provides bulk electric power to member cooperatives for distribution to residential and commercial customers

Grid Infrastructure Management

Maintains and upgrades transmission infrastructure to ensure reliable electricity delivery across the cooperative network

Economic Development Support

Assists communities with economic development initiatives and business growth through grants and technical support

Educational Assistance Programs

Provides educational support and resources to communities served by member cooperatives

Agricultural Support

Delivers assistance programs and resources to support agricultural operations in rural North Carolina

Team & Leadership

Meet the people behind North Carolina Electric Membership.

JP

Joseph P Brannan

Executive VP & CEO
34 hrs/week
Compensation: $1,587,879
LS

Lark S James

Senior VP, Finance & CFO
34 hrs/week
Compensation: $560,612
AF

Amadou Fall

Senior VP & COO
Full-time
Compensation: $527,799
NH

Nelle Hotchkiss

Senior VP & COO, Ncaec
10 hrs/week
Compensation: $391,012
CV

Christopher Vanlokeren

Chief Information Officer
34 hrs/week
Compensation: $356,110
DR

Douglas R Browne

Vice President, Finance
34 hrs/week
Compensation: $311,037
LS

Lee S Ragsdale

Senior Vice President, Grid Infrastructure & Compl
Full-time
Compensation: $305,195
MK

Melcher Kenneth

Vice President, It Operations
34 hrs/week
Compensation: $263,918
GA

Greg Andress

Vice President
4 hrs/week
SE

Susan E Flythe

President
4 hrs/week
CB

Charles Bayless

Senior VP, General Counsel
34 hrs/week
Compensation: $361,073

Milestones

1949

Organization Founded

1949

North Carolina Electric Membership established to serve distribution cooperatives

2000

IRS Tax-Exempt Status

2000

Received recognition of tax-exempt status under subsection code twelve

2019

Revenue Peak

2019

Achieved highest revenue of $1.22 billion with two hundred seven employees

2024

Record Assets

2024

Reached $2.42 billion in total assets supporting cooperative infrastructure

Associated People

Board members, advisors, and key contributors

Board of Directors

MY
Michael Youth Assistant Secretary/Treasurer 34.00 hrs/week · $234,119
TD
Timothy Dodge Assistant Secretary/Treasurer 34.00 hrs/week · $200,632
AW
Allen W Speller Director 2.00 hrs/week
BW
Basil Williams Director 2.00 hrs/week
BR
Benjamin R Lybrand Director 2.00 hrs/week
BS
Brian Sisson Director 2.00 hrs/week
CW
Carl W Kornegay Jr Director 2.00 hrs/week
CS
Christopher Spears Director 2.00 hrs/week
DG
David Gore Director 2.00 hrs/week
DI
Deloria Irby Director 2.00 hrs/week
DM
Dennis Mabe Director 2.00 hrs/week
DT
Dent Turner Director 2.00 hrs/week
DH
Donald H Spivey Director 2.00 hrs/week
DL
Donald Lee Gatton Director 2.00 hrs/week
DW
Douglas W Johnson Director 2.00 hrs/week
EO
Eddie Oldham Director 2.00 hrs/week
ER
Elbert Ray Pitt Jr Director 2.00 hrs/week
GW
Gary W Ray Director 2.00 hrs/week
JD
J Dean Carpenter Director 2.00 hrs/week
JD
J Douglas Brinson Director 2.00 hrs/week
JM
J Michael Davis Director 2.00 hrs/week
JR
J Randy Kinley Director 2.00 hrs/week
JJ
Jacob Joplin Director 2.00 hrs/week
JE
James E Mangum Jr Director 2.00 hrs/week
JN
Jeffrey N Letchworth Director 2.00 hrs/week
JB
Jerry Bowman Director 2.00 hrs/week
JL
John L Pierce Director 2.00 hrs/week
JW
John W Spence Director 2.00 hrs/week
JW
Johnny Wishon Director 2.00 hrs/week
JT
Jon T Locklear Director 2.00 hrs/week
JO
Jordan Overbee Director 2.00 hrs/week
JW
Josh Winslow Secretary/Treasurer 4.00 hrs/week
KO
Karoline Overby Director 2.00 hrs/week
KH
Kelly Harrington Director 2.00 hrs/week
KH
Kevin Heath Director 2.00 hrs/week
LS
Lucas Sorrell Director 2.00 hrs/week
MA
Mark A Suggs Director 2.00 hrs/week
MC
Marshall Cherry Director 2.00 hrs/week
MD
Mike Dickerson Director 2.00 hrs/week
PS
Paul Spruill Director 2.00 hrs/week
RP
Rebecca P Cogan Director 2.00 hrs/week
RA
Richard A Midgett Director 2.00 hrs/week
RE
Rory Eddings Director 2.00 hrs/week
SD
S Dirk Burleson Director 2.00 hrs/week
SF
S Franklin Williams Director 2.00 hrs/week
TG
Thomas Golden Director 2.00 hrs/week
TB
Tom Batchelor Director 2.00 hrs/week
TL
Tucker Lemley Director 2.00 hrs/week
WG
W Greg Puckett Director 2.00 hrs/week
WH
Winston Howell Director 2.00 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$6.3M

Highest Paid

$1.7M

Joseph P Brannan

Compensated Officers

11

Name Title Base Other Total Hrs/Wk
Joseph P Brannan Executive VP & CEO $1,587,879 $140,417 $1,728,296 34
Lark S James Senior VP, Finance & CFO $560,612 $139,152 $699,764 34
Amadou Fall Senior VP & COO $527,799 $111,140 $638,939 40
Nelle Hotchkiss Senior VP & COO, Ncaec $391,012 $137,497 $528,509 10
Charles Bayless Senior VP, General Counsel $361,073 $118,879 $479,952 34
Christopher Vanlokeren Chief Information Officer $356,110 $109,250 $465,360 34
Douglas R Browne Vice President, Finance $311,037 $126,843 $437,880 34
Lee S Ragsdale Senior Vice President, Grid Infrastructure & Compl $305,195 $126,192 $431,387 40
Melcher Kenneth Vice President, IT Operations $263,918 $57,805 $321,723 34
Michael Youth Assistant Secretary/Treasurer $234,119 $69,228 $303,347 34
Timothy Dodge Assistant Secretary/Treasurer $200,632 $76,289 $276,921 34

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Partners & Funders

Grant funding relationships from IRS Form 990 filings

$730K Grants Given
46 Organizations

Top Grantees

46 total
NA
Nc Agricultural Foundation RALEIGH, NC
$68K
ED
Economic Development Partnership CARY, NC
$48K
E
Energyunited STATESVILLE, NC
$37K
NC
North Carolina Chamber RALEIGH, NC
$34K
BR
Blue Ridge Emc LENOIR, NC · 2 grants
$28K
NZ
Nc Zoo Society ASHEBORO, NC
$26K
NI
Nreca International ARLINGTON, VA
$25K
UP
Unc Pembroke PEMBROKE, NC
$25K
NE
Nc Economic Development Association RALEIGH, NC
$24K
NR
Nc Rural Center RALEIGH, NC
$20K
+36 more grantees
Nc Agricultural Foundation Economic Development Partnership Energyunited North Carolina Chamber Blue Ridge Emc Nc Zoo Society Nreca International Unc Pembroke Nc Economic Development Association Nc Rural Center Nc Agribusiness Council Inc. Four County Emc Brunswick Emc Rutherford Emc Nc A&T University Foundation Leadership Of North Carolina Nc Business Leaders For Education Nc Department Of Agriculture And Consumer Service Nc Legislative Black Caucus Foundation The Southeastern Partnership Inc. Union Power Cooperative Jones Onslow Emc Nc Jaycee Burn Center Wake Emc Lumbee River Emc South River Emc Haywood Emc Piedmont Emc Carteret Craven Ec Carolina Common Enterprise
Nc Agricultural Foundation Economic Development Partnership Energyunited North Carolina Chamber Blue Ridge Emc Nc Zoo Society Nreca International Unc Pembroke Nc Economic Development Association Nc Rural Center Nc Agribusiness Council Inc. Four County Emc Brunswick Emc Rutherford Emc Nc A&T University Foundation Leadership Of North Carolina Nc Business Leaders For Education Nc Department Of Agriculture And Consumer Service Nc Legislative Black Caucus Foundation The Southeastern Partnership Inc. Union Power Cooperative Jones Onslow Emc Nc Jaycee Burn Center Wake Emc Lumbee River Emc South River Emc Haywood Emc Piedmont Emc Carteret Craven Ec Carolina Common Enterprise

Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.

Related Organizations

4 affiliated entities reported on IRS Form 990 Schedule R

4

Tax-Exempt Affiliates

2
North Carolina Association Of Electric Cooperatives Inc
Raleigh, NC
Member Services
501(c) 501(C)(6)
Human Connections Foundation Inc
Raleigh, NC
Distributes Relief Funds
501(c) 501(C)(3)

Taxable Corp Trust

2
The Tarheel Electric Membership Association
Raleigh, NC
Material And Equipment Sales
Taxable
Ncemc Solar One LLC
Raleigh, NC
Solar Energy Activity
Taxable

Source: IRS Form 990, Schedule R (Related Organizations and Unrelated Partnerships)

Federal Funding

Government awards and grants from USAspending.gov

$101K Total Obligated
$101K Total Amount
2 Awards
1 Agency

Awards

Agency Award ID Type Period Amount
USDA CLSS00000079381 PROJECT GRANT (B) 2023-2025 $101,406
USDA CLSS00000066624 DIRECT LOAN (E) 2020-2022 $0

Source: USAspending.gov. Amounts represent total federal obligations.

Contact

Get in touch with North Carolina Electric Membership

Email

[email protected]

Phone

(919) 872-0800

Social

Visit Website
3400 Sumner Boulevard Raleigh, NC 27616