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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 December 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


$4,423,678 $3,631,139 82.08


$853.00 4.60


144,732 115,112 160,468 69,810,410 $91,932 $178,785 64.8


$5,559,975 $4,346,454 78.17


$1,068.40 4.61


162,978 109,236 162,978 80,293,460 $114,528 $182,166 66.2


New Services Staked in January During the month of January 34 new services were staked. The total new services staked in 2014 is 34. This compares to 23 for the same period in 2013.


FINANCIAL STATEMENT


BEGINNING BALANCE 12/31/13.... Deposits......................................................... Interest Income ................................................. Checks Issued ............................................. Approved, not yet paid ............................ BALANCE 1/31/14............................


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


$195,542.65 8,053.28 10.46


-11,524.97 -6,027.38


$186,054.04


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


By George Continued from page 1.


While not declaring an automatic savings from consolida- tion, the study indicated substantial savings were possible in combining the efforts of the two cooperatives. Also present was Eddie Moran, field representative for Rural Utilities Service (RUS), the primary lender for both electric cooperatives. He reported RUS supports the consolidation considerations and that RUS would make incentives available to encourage the consolidation. Since both cooperatives are now financially strong, this offer may not be something we would access. However, the support of RUS is encouraging and necessary.


After discussing these studies and other considerations, trustees of both co-ops overwhelming authorized proceed- ing with the possible consolidation and presenting it to the members of each cooperative for their consideration and action. It appears final decision on the consolidation will be presented to the membership later this year. We will continue to develop this effort.


At this point, the financial and rates studies indicate substantial benefits to the memberships of both co-ops would be possible through consolidation. Both boards are directing management and assigned committees to work on necessary agreements with preparation of taking this deci- sion to the membership.


There is still much work to be done. We will keep you updated as we move forward with the myriad of details to be addressed. We want this to be a positive step and a win for our memberships and employees. Both boards reiter- ated their support of the employees, knowing this is an important part of making the consolidation positive.


V A L L E Y ELECTRALITE


The ElectraLite


March 2014


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