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Cooperative to allocate 2011 margins


Our success is your success C


Economic participation means simply that members contribute equitably to, and democratically control, the capital of their cooperative. The cooperative does not issue stock, and surpluses are margins, rather than profits. Margins exceeding what is required to operate the cooperative are allocated to member patronage accounts. The success of the cooperative is shared with its members through an annual patronage allocation. Your electric cooperative trustees recently allocated


2011 margins totaling $7,313,262 to member patronage accounts. To the average member using 1,300 KWh per month during 2011, this amount represents an annual allocation of $179.38. To calculate your 2011 allocated capital credits,


simply multiply the allocation factor of .0114769863 by your total annual kilowatt-hours of service for 2011. This will give you the 2010 margins allocated to your member patronage account. Current members of the cooperative will also find the amount of their allocation displayed on their August 2012 electric bill under the account details section. This


amount will remain in your patronage capital account until a future patronage retirement is made. Your cooperative management is honored to serve you and to have the opportunity to share the success of 2011 with you. If you have questions about how capital credits are allocated, or if you would like to know the total amount in your member patronage account for this year and previous years, feel free to contact a member service represen- tative toll-free at 1-800-256-6405.


Proof required for individuals representing organizations at cooperative annual meeting


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CHOOLS, churches and other member organizations are being reminded that the cooperative must receive satisfactory evidence, or a written letter, allowing a person to register and vote as a representative of an entity at Northeast Oklahoma Electric Cooperative’s 74th annual meeting on September 15, 2012. Bylaw 3.05 states “Voting by members other than members who are natural persons shall be allowed upon the presentation to the cooperative, prior to or upon registration at each member meeting, of satisfactory evidence entitling the person presenting the same to vote.”


Letters must state the name of the person given authority to register and vote for the


entity. Approval signatures from the administrative body of the entity must also be included. Sample letters are available upon request.


Due to identity theft requirements, the cooperative is once again requesting an identifiable number—such as a Taxpayer Identification Number (TIN) or a Social Security number—be entered on the entity’s account for access to any account informa- tion and to verify representation for that entity.


Members requesting a sample letter or with further questions may contact the coop- erative at 1-800-256-6405.


OOPERATIVE businesses are unique because they are owned by the members they serve and because they are guided by a set of seven principles that reflect the best interests of those members. One of the seven guiding principles is Members’ Economic Participation.


Northeast Connection is published monthly as an effective means of communicating news, information and innovative thinking that enhances the profitability and quality of life for members of Northeast Oklahoma Electric Cooperative.


Please direct all editorial inquiries to Communications Specialist Clint Branham at 800-256-6405 ext. 9340 or email clint.branham@neelectric.com.


Vinita headquarters: Four and a half miles east of Vinita on Highway 60/69 at 27039 South 4440 Road.


Grove office: 212 South Main.


Business hours: Monday-Friday, 8 a.m. until 5 p.m. Offices are closed Saturday, Sunday and holidays.


A representative is available 24 hours at: 1-800-256-6405


If you experience an outage, please check your switch or circuit breaker in the house and on the meter pole to be sure the trouble is not on your side of the service. If you contact us to report service issues or discuss your account, please use the name as it appears on your bill, and have both your pole number and account number ready.


Officers and Trustees of NEOEC, Inc. President Dandy Allan Risman


Vice President John L. Myers


Secretary-Treasurer Benny L. Seabourn


Harold W. Robertson Member


Sharron Gay


Member James A. Wade


Member Bill R. Kimbrell


Member Jack Caudill Member


Asst. Secretary-Treasurer Everett L. Johnston


District 5 District 4 District 2 District 3 District 1 District 6 District 7 District 8 District 9


NEOEC Management Team Anthony Due General Manager


Larry Cisneros, P.E. Manager of Engineering Services


Susanne Frost


Manager of Office Services Cindy Hefner


Manager of Public Relations Connie Porter


Manager of Financial Services Rick Shurtz


Manager of Operations August 2012


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