Partnering with Education for a Brighter Future VVEC provides financial
support to school systems in our service territory through the payment of gross receipts tax.
Te 2 percent gross receipts
tax is collected from members’ monthly electric bills at the instruction of the Oklahoma Tax Commission. Te amount
of tax is determined by the miles of electric line the co-op has in each school district. KAMO Power, VVEC’s
wholesale power supplier, also pays gross receipts taxes. In 2012, VVEC and KAMO Power together paid over $1.6 million in taxes to area school systems.
School District
Oklahoma Union Oologah Caney Valley Owasso Collinsville Skiatook Bowring Nowata Barnsdall Dewey
Claremore Sequoyah Bartlesville Sperry Copan Avant Foyil Pawuska
South Coffeyville Justus Chelsea Hominy Claremore Sand Springs Verdigris Catoosa Prue Inola
Teacher Holly Smith and students of Claremont Elemetary School, Claremore. In 2012 our Adopt-A-School grant program assisted the school in purchasing books and resource materials to help improve students’ reading skills. In the 20 years we have sponsored this program, more than $88,000 has been donated to area schools to help educate our youth.
Power Circuit
Power Circuit is published monthly by Verdigris Valley Electric Cooperative, Collinsville, Oklahoma for its members in Tulsa, Rogers, Washington, Nowata and Osage counties. Periodical postage paid at Tulsa, Oklahoma and other additional mailing offices. Subscription price is $0.21 per month.
POSTMASTER - send address changes to: Power Circuit, P.O. Box 219, Collinsville, OK 74021.
Volume 72 • Number 10 • October 2013
On the cover Captain Derek Hunt (leſt) and firefighter Dustin Ray of the Collinsville Rural Fire Department, which was one of the recipients of our Fire Department Grant program in 2012. Since this program began in 1993, over $177,000 has been given to fire departments in our service territory for the purchase of life-saving devices, machinery, and equipment for the firefighters and their trucks.
2 • PowerCircuit • October 2013
Anderson Tulsa
Osage Hills Chouteau-Mazie VVEC
$99,011.91 90,331.64 90,051.30 82,014.33 66,016.69 60,757.91 59,430.27 55,109.50 53,180.27 51,965.27 47,082.66 42,139.96 42,134.99 32,487.18 27,023.60 25,759.31 24,597.84 22,543.01 21,286.54 20,389.99 19,894.07 19,629.55 18,515.44 13,472.98 12,833.60 11,780.60 9,792.39 9,529.84 6,130.53 3,866.45 672.78
$1,139,432.40 Corporate Profile
VVEC is a distribution electric cooperative providing electric service to residential, commercial and industrial consumers. • Headquartered in Collinsville, Oklahoma,
• Incorporated October 24, 1938. • 35,098 meters • 4,694 miles of electric line
• Services Nowata, Osage, Rogers, Tulsa and Washington counties
• Oklahoma’s third largest electrical cooperative based on the number of meters served.
• Ninety employees cover the Cooperative’s more than 4,694-square mile service territory daily maintaining the electric system and providing consumer-oriented service.
• Warehouse and maintenance facilities located in Nowata and Bartlesville, Oklahoma.
• VVEC is a non-profit corporation wholly-owned by the members it serves.
TRUSTEES • Governed by a nine-member board of trustees who are elected at district meetings by the members residing in those districts.
• Office terms are for three years • Three trustee positions elected each year
In addition, VVEC promotes the safe and economical use of electricity among the membership and participates in community and other activities that are in the interest of the membership and general public.
The October 19, 2013 Annual Meeting marks the 75th time members of VVEC will gather to hear the accomplishments, activities and financial reports of the Cooperative’s previous year.
KAMO
$39,141.06 86,212.20
46,270.84 42,160.31 33,539.09
Total
36,594.71 36,049.06
91,741.41 30,774.48
9,130.49
12,113.36 14,041.31
$477,768.32
$138,152.97 90,331.64 176,263.50 82,014.33 112,287.53 102,918.22 59,430.27 55,109.50 86,719.36 51,965.27 47,082.66 42,139.96 42,134.99 32,487.18 27,023.60 62,354.02 24,597.84 58,592.07 21,286.54 20,389.99 111,635.48 19,629.55 49,289.92 13,472.98 12,833.60 20,911.09 9,792.39 9,529.84 6,130.53 15,979.81 14,714.09
$1,617,200.72
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