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        <ExplanationTxt>THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF SEPTEMBER 30, 2024, PEC HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.</ExplanationTxt>
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        <ExplanationTxt>PRIOR TO SUBMISSION TO THE IRS THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW.</ExplanationTxt>
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