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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 November 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


$4,484,699 $3,289,879 73.36


$864.60 4.60


123,304 115,112 160,468 58,741,750 $90,172 $175,752 66.2


$5,141,111 $3,808,671 74.08


$988.68 4.61


141,018 109,236 151,092 64,901,540 $91,879 $176,812 63.9


New Services Staked in December During the month of December 19 new services were staked. The total new services staked in 2013 is 401. This compares to 397 for the same period in 2012.


FINANCIAL STATEMENT


BEGINNING BALANCE 11/30/13.... Deposits......................................................... Interest Income ................................................. Checks Issued ............................................. Approved, not yet paid ............................ BALANCE 12/31/13............................


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


$194,019.52 8,162.41 52.05


-6,711.33 -17,339.62 $178,203.03


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 change. Remember this is just me talking and no ac- tion to change our electric rates has been initiated. Consolidation Study: Also at Annual Meeting we re- ported that CVEC management and trustees, along with the management and trustees of Central Rural Electric Cooper- ative, Stillwater, were entering into a study to determine the membership value of a consolidation of the operations of the two cooperatives. The evaluation process is continuing. The boards of both cooperatives are being very deliberate in evaluating this possibility. We have engaged outside con- sultants to make independent reviews of this consideration. We also intend to review the issues with the Oklahoma Cor- poration Commission before bringing a recommendation to the membership. A consolidation cannot occur without the approval of the memberships of both cooperatives. Prior to asking you to consider a consolidation, we will provide the information gained for your review and consideration. Be- fore calling for a membership meeting and vote, we would expect to hold several public meetings located throughout the service area to provide information and allow members to ask questions in a public setting. Any questions you have now may be submitted to either electric cooperative at any time. There is still much to consider before we can make such a recommendation for consolidation to you. At this point, the studies continue to look positive for a decision and possible vote by the memberships this year. Correction from last month: Last month I discussed


my 88-year-old mother and her expectations of electric service reliability. She still lives alone and takes care of herself. The only electric service provider she has ever had is CVEC and she doesn’t plan to make any changes. In my story last month I said that at the age of 6, she milked several cows each morning alone in the dark in a separate


Continued on page 3 V A L L E Y ELECTRALITE


The ElectraLite


February 2014


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