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.
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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.