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Page 2 C A N A D I A N P.O. Box 751 Seminole, Okla.


Serving Hughes, Lincoln, McIntosh, Okfuskee, Pottawatomie, Seminole and portions of Oklahoma, Cleveland and Creek counties


Main Office and Headquarters Interstate 40 at the Prague/Seminole Exit


Area Office


35 W. JC Watts Street, Eufaula Office Hours


8 a.m. to 5 p.m., Monday - Friday Board of Trustees


President - Yates Adcock, Dustin .................... Vice President - Joe Semtner, Konawa ........... Sec.-Treas. - Robert Schoenecke, Meeker ..... Asst. Sec/Treas. - Steve Marak, Meeker ......... Gary Crain, Prague........................................... Clayton Eads, Shawnee .................................. Matt Goodson, Tecumseh ................................ J.P. Duvall, Seminole ....................................... George E. Hand .............................................. J. Roger Henson .............................................


Telephone Numbers


Seminole Shawnee, Tecumseh, Earlsboro Eufaula Toll-free


(405) 382-3680 (405) 273-4680 (918) 689-3232 (877) 382-3680


In Case of Trouble


1. Check for blown fuse or tripped circuit breakers. 2. Check with your neighbors. Ask if their electricity is off and if they have reported it.


3. If not call the office and report the trouble. Read


Billing date


Cycle 1 Cycle 2 Cycle 3


26th-31st 6th-11th 16th-21st


5th 15th 25th


1-1/2% penalty is applied 20 days after billing date


Operating Statistics for May 2012


Operating Revenues Wholesale Cost of Power Percentage WPC is of Revenue Revenue per Mile of Line Consumers per Mile of Line KW Peak Demand - This month Billing kW demand KW Peak Demand - YTD KWh Purchased - This month Taxes Paid


Interest on Long Term Debt System Load Factor


$4,867,588 $3,256,442 66.90


$939.87 4.59


134,274 115,112 160,468 61,244,140 $86,860 $188,480 61.3


2013


$4,720,761 $3,429,401 72.65


$909.06 4.60


123,040 109,236 146,172 57,478,670 $92,444 $188,281 62.8


New Services Staked in June During the month of June 23 new services were staked. The total new services staked in 2013 is 195. This compares to 206 for the same period in 2012.


District 8 District 6 District 2 District 1 District 3 District 4 District 5 District 7 Manager Attorney


By George Continued from page 1.


CVEC's electric system according to prudent utility practic- es. To provide reliable and safe electric distribution service to our members, the electrical system must be continually maintained.


The electrical facilities required to be added to the CVEC electric distribution system are expected to pro- vide electric utility service to our members for 35 years or longer. We cannot, would not, and will not ask our mem- bers to pay over the next four years for these new facilities required in the next four years. These new facilities will be used by current and future customers over the next 35 years and the cost of these facilities will be paid by the customers who use these poles, lines, meters and transformers through the Cooperative’s electric rates. If we are going to provide safe and reliable electric utility service (stay in business), we have no choice except to make these required invest- ments in our electrical distribution system. At the June meeting of the board of trustees, the trust- ees considered and approved a loan application to the Rural Utilities Service for $22.2 million to finance construction of new services and facilities required in the new CWP. We do expect this loan will be approved by RUS this year. This loan will not be at a subsidized rate. The cooperative will pay an interest rate above the government’s cost of money. The government will make money from this loan to CVEC. They are making money on our loans today. CVEC’s electric distribution system is in good con- dition today to meet its utility responsibilities, and the cooperative is financially strong. Our trustees have done their part by providing a plan and the financial means to accomplish that plan for the cooperative and its members. Making it happen is now the employees' responsibility to carry out in the most efficient and effective manner. We are the ones who must, as a group and individually, accept this responsibility everyday to make this plan a success. Today we make it our goal to be able four years from now to look back at this CWP plan and say, “Well done.” If that is the case, we will likely be afforded the opportunity to tackle an even bigger plan as the cooperative continues to grow in a manner consistent with meeting the needs of an ever larger membership with greater expectations. Meeting the service needs and expectations will always be our purpose. That will be accomplished by employees who work smart and always put members first. We pledge to do so.


V A L L E Y ELECTRALITE


The ElectraLite


August 2013


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