ortheast Oklahoma Electric Cooperative is pleased to report another financially successful year. Patronage capital (margins) totaled $7,313,262 for 2011 and the co-op is in compliance with the guidelines set forth by its lenders.
Net utility plant increased 6.9 percent during 2011 and kWh sales decreased 1.4 percent over 2010. The certified public accounting firm of Briscoe, Burke & Grigsby, LLP, prepared this year’s audit. Statements are available for review at NEOEC’s headquarters in Vinita.