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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 September 2012


2013


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


$4,530,808 $3,365,594 74.28 $874 4.60


152,950 115,112 160,468 60,625,160 $104,769 $177,448 55.1


$5,055,392 $3,728,668 73.76


$972.38 4.61


144,320 109,236 151,092 63,812,990 $112,621 $177,837 61.4


New Services Staked in October During the month of October 46 new services were staked. The total new services staked in 2013 is 351. This compares to 341 for the same period in 2012.


BEGINNING BALANCE 9/30/13..... Deposits....................................................... Interest Income ............................................... Checks Issued ............................................. Approved, not yet paid ............................ BALANCE 10/31/13............................


$213,918.63 8,070.12 11.34


-16,703.60 -30,318.29


$174,978.20


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. cally and operationally. Equally important we are asking


them to look for any problems, obstacles or roadblocks in attempting to consolidate two already successful coopera- tives.


Additionally we are working with the staff of the Okla- homa Corporation Commission to assure positive outcomes as we keep our members first in these studies and consider- ations. At this point, we have received encouragement from the staff of the Corporation Commission for considering this consolidation and their offer to be involved in this pro- cess. We will keep the Commission informed as we move forward and ask for their input.


Both electric cooperatives are taking a very methodical, deliberate approach to this possibility of consolidation. We don’t want to become overly enamored with the obvious positives of combining our efforts to provide better, more efficient and reliable electric service than we can separately. There are many details of our operations that have devel- oped over 70 years of side by side, yet separate operations that must be brought together. This has not been done in Oklahoma before. If there are 1303131800 roadblocks that might prevent the positive outcome we are working toward, we want to find them now.


Both CREC and CVEC are financially sound and op- erationally successful electric cooperatives. Separately we have expenses that are duplicated. Together these dollars would only be spent once. Through their monthly electric bills, our member/customers provide the dollars to cover


Continued from page 3 V A L L E Y ELECTRALITE


The ElectraLite


December 2013


FINANCIAL STATEMENT


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