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Manager’s Message Alice Houston VVEC General Manager


The Powr of Ownership It is the cornerstone in the foundation of


the cooperative form of business. It is what distinguishes cooperatives from other business enterprises, and it is what makes those we serve our top priority. Verdigris Valley may be the name of this


business, but the cooperative is yours. Anyone who receives electric service from VVEC becomes an owner and a consumer, not a customer. You and more than 26,000 others residing or doing business in five counties, own a portion of this utility, which exists to provide the electricity that powers your life. Being an owner matters. Being responsible to


you, and not a group of distant investors, has been our purpose since VVEC began in 1938. As you know, we exist to provide you with safe, reliable, and affordable electric service, and doing so in a way that raises the quality of life for you and your communities. Because VVEC operates on a not-for-profit basis, we have no need to increase revenues above what is required to operate the business in a financially sound manner. Tis allows us a freedom not experienced by other forms of business, and allows us to keep our focus on serving you. Your board of trustees, which is comprised


of nine of your fellow VVEC owners, meets monthly to provide multi-faceted leadership in determining policies and procedures. Tey understand the effects of each of those policies and procedures, because they will experience them just as will you. As an owner of this cooperative, you have the privilege and responsibility of voting for your representative on the board. Due to the trustees’ diligence and commitment,


your cooperative is on solid financial footing, with operating revenue and patronage capital of over $62 million. Trough the guidance of your trustees, and the increase in margins due partly to the extreme temperatures last summer, the board feels it is appropriate to return $1 million in capital credits to you this year. Tat is twice the amount we have returned in the past few years. As an owner, you are entitled to share in the co-op’s good fortune, and receive a return on your investment. As an owner and consumer, you are the


entity we have in mind when we design and implement new programs and procedures. Our new Pay•As•You•Go program makes it easier for you to tailor your payments to your individual situation. Instead of paying one bill once a month, you can now purchase as much electricity as you want and purchase it whenever it is convenient. Pay Site kiosks are currently in four


needing to be replaced. Tis is the next step in the progression of meter technology. We recognize that education and safety are


important to you. Tat is why each year we partner with area schools and fire departments to help them meet their missions of educating our youth and protecting your families, homes and property. Since the Adopt-A-School and Fire Department Grant programs began in 1993, over $265,000 has been donated to help them purchase supplies, teaching aids, various equipment, and life-saving devices. Trough the Co-op Connections Card


program you reap the benefit of co-op ownership here in Green Country, throughout Oklahoma, and across the country.


can be confident the decisions made by your board of trustees and management team are in the best interest of you, your cooperative, and your community. It is neighbor looking out for neighbor. Born of a deep commitment to build


something that would enhance and improve the lives of residents in Nowata, Osage, Rogers, Tulsa and Washington counties, Verdigris Valley Electric Cooperative began. Te passion and determination of those early day members, who worked hard to bring electric power to this area 75 years ago, is no less apparent today. Membership matters, ownership matters, because you matter to your cooperative.


PowerCircuit • October 2013 • 3


locations throughout our service territory, and plans call for more to be available in the future. For new members, agreeing to participate in this program can alleviate the burden of paying a deposit. New members or members moving to a new location can also apply for electric service online now. In 2012 we installed Two-Way Automated


Communication System (TWACS) meters throughout the service territory. Tis state-of- the-art technology sends signals over existing power lines from the meters directly to the co-op, providing low-cost, highly-reliable, two-way communication. Tese meters replaced the TURTLE meters which were out-dated and


Carlton Howard, a VVEC owner since 1962.


We will be utilizing available technology when


we register your attendance electronically at annual meeting this month. We will reduce the amount of time you spend standing in line at the registration desk as we scan the bar code on the electric bill you bring with you. You can then spend more time enjoying the benefits of co-op ownership at annual meeting. In addition to these new services, we continue


to offer appliance rebates, energy audits, surge suppressors, and the iMap weather alert program. Each day 90 employees come to work with


the intention of meeting the mission of your cooperative through innovation, commitment to community, accountability and integrity. You


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