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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, TecumsehBut t, Earlsboro Eufaula


(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 July 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


$5,931,712 $4,132,615 69.67


$1,145.12 4.60


157.582 115,112 160,468 79,308,690 $110,563 $187,134 67.6


2013


$5,778,696 $4,047,934 70.05


$1,112.36 4.61


150,612 109,236 150,612 69,796,290 $109,957 $187,462 62.3


New Services Staked in August During the month of June 45 new services were staked. The total new services staked in 2013 is 259. This compares to 301 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.


rate schedules since 2009. These current rate schedules are based on expense levels experienced in the 2007-2008 time frame. Looking forward it does not appear these 2009 rates schedules will provide the ability to meet expected expense levels through the coming year. At this time, we have taken no action to begin the process of reviewing our rate schedules. It would be my estimate that any review would not begin before 2014. If that becomes necessary, any increase would not take place until sometime later in 2014. I would anticipate that if any change were made to our rates, the increase would be less than 3-percent overall. This could be tempered by the next issue I want to discuss with you. You have received a letter from CVEC telling you of a study being made by us and our neighboring cooperative, Central Rural Electric Cooperative. The question we have jointly posed is could we and should we combine our resourc- es and assets to become a better servant electric cooperative in the best interest of our member-consumers. There is substantial reason to believe the answer is yes. The possibilities include sharing equipment and resources, sharing inventory, combined purchasing, joint utility opera- tions and possibly consolidation. At this point we have agreed to a comprehensive, joint study prepared by a third party. Hopefully, that study will begin soon.


As most of you can imagine, one of those issues will be the rate schedules of both cooperatives. Overall, rates of the two electric cooperatives are very close. But after 70-plus years of operating independently there are differences within the rate schedules. Since our rates are very close overall, reconciling any differences should be achievable. The only decision that has been made by the two boards of trustees at this time is to study the possibilities. The boards are being very careful not to prejudge the outcome of this study. But the two boards cannot make it happen. The only peo- ple who can make it happen would be you; the memberships of CVEC and Central Rural Electric. To consolidate the two co-ops, membership meetings, with quorums present, would have to be held, and two-thirds of the members voting at these meetings would have to approve the consolidation. No employees would lose their jobs if this consolidation happens. Both co-ops are at minimum employments levels. While some efficiency in skill sets and utilization would be expected, it takes so many employees to cover the territory. Additionally, both boards have already stated no employee jobs will be threatened.


I thank you for being here today. Much like a small group of people did more than 70 years ago, let's commit to going


Continued on page 3 V A L L E Y ELECTRALITE


The ElectraLite


October 2013


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