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PAGE 2  MARCH 2012 INSIDE YOUR CO-OP


Inside Your Co-op is published monthly for 


Board of Trustees PRESIDENT


 VICE PRESIDENT


 SECRETARY TREASURER


 


 


 





Management and Staff  Terry Matlock


 


 Jia Johnson


 Tonia Allred


  


 Jim Malone


 


toll free telephone 800-780-6486


web site www.choctawelectric.coop


 PLEASE CALL


800-780-6486 


These are just the facts about Choctaw Electric Cooperative, where we came from and where we are.


“J


In 2002 Choctaw Electric had approximately 3,600 miles of distribution line that served 15,900 consumers; that’s roughly 4.41 consumers per mile of line. The cost per mile of construction at $18,000 equals $4.082 per consumer per mile on average. We had about $57 million dollars in plant assets, and paid $12.4 million for power that is distributed to our members. This being done, we had an average gross margin of about 8 percent.


That’s where we were. Here’s where we are: Today, CEC owns about 4,000 miles of line and serves 5.12 consumers per mile. The cost of construction for that mile of distribution line is $28,030, or about $5,475 per consumer per mile. Our plant assets today are about $104 million and we serve some 20,000 meters. Choctaw Electric Cooperative also pays $24 million for purchased power, nearly double the price we paid in 2002.


A portion of this increase is because we serve more members, and these additional members use an average of 300 kilowatt hours (kwh) more per consumer than in 2002. The gross margin on average is still about 8 percent.


Simply stated: It cost more to do business today than it did ten years ago. Members pay more, more members are on our lines, and the amount of electricity each member uses


your BEST SHOT


BY TERRY MATLOCK Chief Executive Officer


Just the facts, please More members, higher prices, increased usage


ust the facts ma’am,” the famous line of Sergeant Joe Friday, (Jack Webb), of the popular police show “Dragnet.”


has increased. Choctaw Electric also pays more for the electricity that is delivered to our member’s homes and businesses. That said, we still operate with the same if not better service, and with the same level of commitment to our members.


The fact is, it just simply costs more to do business today than it used to. In 2002 if you purchased a new 2002 Ford F250 4x4, you paid about $18,500, today that same pickup is $32,000. In 2002, a gallon of diesel cost $1.27 and gasoline cost $1.38. Today, it is $3.96 and $3.21, respectively.


Water, propane, and have you looked at the cost of truck tires? They used to be about $218. Today’s price is $405! I’m sure you get the point—and I’m getting fired up just thinking about it— so let’s change the subject.


I remember a story about a farmer who wanted to sell his cow. A man asked the farmer what the cow’s butterfat content was, and the farmer replied he didn’t know. The man then asked the farmer how many pounds of milk per day the old cow produced. The farmer replied he didn’t know the cow’s butter-fat content and he didn’t know how many pounds of milk the cow would give, but he did know that she was a good old cow and she would give all she had. And so will we at Choctaw Electric Cooperative.


Speaking of cows, spring will be here soon and I can’t wait to quit buying that high priced feed. Remember when a sack of cubes was $4.25? Spring also means it’s about time to start fishing. Minnows may be $15 per pound by then but some things are just worth the cost!


Share your photos with Inside Your Co-op.Email photos to Jennifer Boling, jboling@choctawelectric.coop. The deadline for the April issue is March 10, 2012. The theme is “Farms.”


Please include photographer’s name and hometown. Details such as where the photo was taken and names of those pictured. are appreciated. Please make a copy of your entry before submitting it—photos will not be returned.


CEC CEC


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