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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 August 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


$5,627,847 $3,891,637 69.15


$1,086.25 4.60


159,026 115,112 160,468 73,057,990 $120,205 $186,068 61.7


2013


$5,677,334 $4,136,674 72.86


$1,092.64 4.62


151,092 109,236 151,092 71,882,530 $116,090 $186,474 63.9


New Services Staked in September During the month of September 38 new services were staked. The total new services staked in 2013 is 305. This compares to 314 for the same period in 2012.


BEGINNING BALANCE 8/31/13..... Deposits....................................................... Interest Income ............................................... Checks Issued ............................................. Approved, not yet paid ............................ BALANCE 9/30/13............................


$248,318.60 8,034.25 71.41


-42,505.63 -25,652.33


$188,266.30


CVEC Foundation administers and disburses funds collected through CVEC's Operation Round-Up Program.


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


By George Continued from page 1.


electric cooperatives has been made by the National Rural Utilities Cooperative Finance Corporation (CFC). CFC is a major lender to electric cooperatives across the United States and is owned by electric cooperatives. It is a lender to both Canadian Valley Electric Cooperative and Central Rural Electric Cooperative, but not the primary lender to either. This preliminary study has indicated significant benefits to the memberships of the consolidation of the two electric coopera- tives.


Both boards of trustees of the two electric cooperatives have requested CFC do a more detailed study of the benefits to the members of the possible consolidation. This study will take some time and is underway, and should be finalized by the end of the year. We are also developing the information for an indepen- dent review of the electric rates of both cooperatives and a proposed common rate structure for a possible consolida- tion. It will soon be five years since Canadian Valley Electric Cooperative last changed its retail electric rates. The current CVEC rates are based on costs as they were in 2008 and do not appear adequate to meet 2014 expense levels. CVEC would likely have begun a 915171003 rate review to become effective at the beginning of 2014 were it not for the current consolidation considerations. We are delaying the CVEC rate considerations for the results of the study of the consolidated rate. We want to develop and have available to the member- ship all the information possible before we ask members to consider and vote on any possible consolidation. Any possible consolidation is still an IF.


V A L L E Y ELECTRALITE


The ElectraLite


November 2013


FINANCIAL STATEMENT


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