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Filing year 2024

PowerSouth Energy Cooperative

Andalusia, Alabama·EIN 63-0238274·12
Total revenue
$859.7M
Total assets
$2.7B
Total expenses
$845.1M
Reported officers
60
Mission

POWERSOUTH ENERGY COOPERATIVE IS AN ALABAMA COOPERATIVE CORPORATION PRODUCING AND TRANSMITTING WHOLESALE ELECTRIC POWER TO AND FOR ITS COOPERATIVE AND MUNICIPAL MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.

Executive compensation, broken down

Form 990 · Schedule J · 60 reported individuals · Filing year 2024

$2.4M
$2.5M
Base
$1.6M
Bonus
Other
$427k
Benefits
$23k
Evp/coo
officer (unspecified)
$1.6M
$1.7M
Base
$1.1M
Bonus
Other
$247k
Benefits
$24k
Evp/cfo
officer (unspecified)
$962k
$1M
Base
$732k
Bonus
Other
$34k
Benefits
$24k
Senior VP of External Affairs
senior vice president
$703k
$746k
Base
$469k
Bonus
Other
$90k
Benefits
$21k
VP of Legal and Corporate Affairs
vice president
$580k
$615k
Base
$401k
Bonus
Other
$51k
Benefits
$23k
VP of Power Production
vice president
$518k
$549k
Base
$359k
Bonus
Other
$39k
Benefits
$23k
VP of Power Supply
vice president
$488k
$517k
Base
$327k
Bonus
Other
$47k
Benefits
$22k
VP of Engineering & Operations
vice president
$455k
$482k
Base
$315k
Bonus
Other
$29k
Benefits
$22k
VP of Staff Services
vice president
$442k
$469k
Base
$314k
Bonus
Other
$19k
Benefits
$22k
VP of External Affairs
vice president
$436k
$462k
Base
$317k
Bonus
Other
$10k
Benefits
$22k
Director of Technical Services
highest compensated employee
$336k
$357k
Base
$214k
Bonus
Other
$47k
Benefits
$12k
Manager of Planning, Compliance & Regulation
highest compensated employee
$324k
$344k
Base
$212k
Bonus
Other
$31k
Benefits
$21k
Energy Services Manager
highest compensated employee
$316k
$336k
Base
$215k
Bonus
Other
$20k
Benefits
$21k
Power Production Engineering Manager
highest compensated employee
$300k
$318k
Base
$209k
Bonus
Other
$12k
Benefits
$21k
Bulk Power, Fuels & Energy Resources Manager
highest compensated employee
$284k
$301k
Base
$210k
Bonus
Other
$5k
Benefits
$11k
Board Member
board member
$28k
$30k
Board Member
board member
$25k
$26k
Board Member
board member
$24k
$25k
Board Member
board member
$24k
$25k
Board Member
board member
$23k
$25k
Board Member
board member
$23k
$25k
Board Member
board member
$23k
$25k
Board Member
board member
$23k
$25k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$23k
$24k
Board Member
board member
$22k
$24k
Board Member
board member
$22k
$24k
Board Member
board member
$22k
$23k
Board Member
board member
$22k
$23k
Board Member
board member
$22k
$23k
Board Member
board member
$22k
$23k
Board Member
board member
$21k
$23k
Board Member
board member
$21k
$23k
Board Member
board member
$21k
$23k
Board Member
board member
$21k
$23k
Board Member
board member
$21k
$22k
Board Member
board member
$20k
$22k
Board Member
board member
$20k
$22k
Board Member
board member
$20k
$21k
Board Member
board member
$18k
$20k
Board Member
board member
$16k
$17k
Board Member
board member
$16k
$16k
Board Member
board member
$15k
$16k
Board Member
board member
$14k
$15k
Board Member
board member
$14k
$15k
Board Member
board member
$13k
$14k
Board Member
board member
$12k
$13k
Board Member
board member
$12k
$13k
Board Member
board member
$8k
$8k
Board Member
board member
$8k
$8k
Board Member
board member
$6k
$7k
Board Member
board member
$6k
$7k
Board Member
board member
$5k
$5k
Board Member
board member
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 11%
from 2023

From $2.1M in 2023 to $2.4M in 2024.

$2.1M
2023
$2.4M
2024
In today's dollarsEst.
Up 8% in real terms$2.3M to $2.5M

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PowerSouth Energy Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$718.1M
$704.9M
2023
$859.7M
$845.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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