This page contains a Flash digital edition of a book.
Board of Trustees Bob Usry, President Verle Barnes, Vice Pres.


James “Jim” Martin, Sec.-Treas. John Jensen, Asst. Sec.-Treas. Mike Argo


Percy Moreu Rusty Grissom Ronnie Grover Frank Wilson


District 8 7 9 6 1 2 3 4 5


From the top MAX MEEK, CHIEF EXECUTIVE OFFICER


Oklahoma Electric Cooperative 321-2024, FAX 405-217-6900 http://www.okcoop.org OECNews@okcoop.org


Co-op Manager .............................Max Meek Editor .........................................Brianna Wall


Oklahoma Electric Co-op News is


published monthly by Oklahoma Electric Cooperative, 242 24th Ave. NW, Norman, OK 73069, (USPS-865-700). Subscription rates: $6.00 per year for non-members, 50¢ per year for members. Periodical postage paid at Norman, OK and other additional mailing offi ces. POSTMASTER: Please send form 3579


to: Oklahoma Electric Co-op News, PO Box 1208, Norman, OK 73070.


The value of electric cooperatives T ere are three main types of


electricity providers in the U.S. Investor-owned utilities (IOUs) serve primarily densely populated areas. Municipal-owned utilities also serve densely populated cities from the very large, such as Los Angeles, to the very small like the town of Lexington, south of Noble. And of course, there are rural electric cooperatives like OEC that serve less populated parts of the country. In the utility business,


Hidden Account Number Worth $200


Each month, OEC will pay $50 to


the two co-op members who locate their hidden account numbers inside the Co-op News that month. T e hidden account numbers will be placed at random within the text of each issue and not on the mailing label. T e amounts will simultaneously increase in $50 increments until one or both account numbers are located by their respective owners. Remember the contest rules as you read the Co-op News each month: 1. One of the hidden account numbers must be your own. 2. You must advise OEC by phone, mail or in person at the co-op’s offi ce by the 15th of the month.


If you fi nd your account number call the Member Services department at 217-6706.


population matters a lot. Since the costs to serve any given area are similar, the more customers you have allows you to spread the costs among more people to keep rates lower. At least that is the theory. Municipal-owned


“ If I were to give this data to any


Since our members are our owners, we can


utilities, which operate in cities and towns, have the greatest density – 48.3 customers per mile of line, generating an average of $113,301 of revenue per mile. IOUs follow with 34 customers per mile of line, while generating average revenues of $75,498. Finally, electric co-ops average 7.4 members (not customers, but members) per mile of line, bringing in an average of $14,938 of revenue per mile. OEC, a larger-than-average co-op,


provide safe, reliable and affordable power... That is just another way your co-op brings you value.


business school in the country and ask (based on this information) what the rates should be for each of the utilities, the answer would likely be that electric co-ops would have a rate 7.5 times greater than municipal-owned utilities and 5 times higher than IOUs – but that is not the case. Why not? It has to do with the


not-for-profi t basis. Of course, we are a business and must generate enough revenue to cover costs (the largest being the purchase of wholesale power). But we don’t have to charge rates to pay outside stockholders. Since our members are our





serves 9.44 members per mile of line, generating $24,672.61 of revenue per mile.


owners, we can provide safe, reliable and aff ordable power to you. T at is just another way your co-op brings you value.


business model. IOUs are owned by outside investors who may or may not be users of the electric utility they own. T ese companies’ stocks are traded on Wall Street, and those investors demand a return on their investment. T is drives up the price their customers pay. Many municipal systems charge rates that generate a “profi t” for their cities to help pay for other services. OEC operates on a


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