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C A N A D I A N December 2014


V SUPPLEMENT TO OKLAHOMA LIVING


CVEC and CREC Boards Resolve to Take Consolidation to Vote of Memberships


CVEC and CREC trustees watch


as their respective board presidents sign a resolution commiting their intent to take to their memberships a vote on consolidating the two coop- eratives..


ties Service, the Oklahoma Corpora- tion Commission, KAMO Power and Western Farmers Electric Coopera- tives, they are now in the process of finalizing the legal documents needed before taking the consolidation vote to the memberships. To stay informed about the con- solidation, visit http://www.buildin- gourenergyfuturetogether.com.


The boards of trustees of Cana-


dian Valley Electric Cooperative and Central Rural Electric Cooperative signed a resolution November 5 de- claring their commitment to share ser- vices and submit a consolidation vote to both memberships. The resolution serves as the first concrete commit- ment from the boards to agree to give the memberships the opportunity to vote on the consolidation. Although there was not a specific date given in the resolution, the boards are working to finalize everything in 2015. “The boards of trustees have vet- ted the potential of a consolidation and feel it is time to bring it to the memberships for a vote,” said Gary McCune, president of the CREC board of trustees. “The economics make sense, and we feel it is the right thing to do for the members.” In September 2013, the boards of


trustees announced they had entered discussions about a potential consoli- dation between the two cooperatives. Since that time, third party consul- tants have been evaluating financials, rates and other operational costs, showing that through consolidation, a potential $40 million could be saved between the two cooperatives over a 10-year period.


“The consolidation discussions have no doubt been a lengthy pro- cess,” said Yates Adcock, president of the CVEC board of trustees. “Howev- er, it is our fiduciary responsibility to leave no rock unturned and to prepare for every situation possible, and that is exactly what we have done. We feel we have done our part, and now the members must decide if $40 million is worth it to them.”


Although the cooperatives have received support from the Rural Utili-


By George


It is said that if Alexander Graham Bell were to return today, he would not recognize the telephone system he invented. With wireless, cell tow- ers and Wi-Fi abounding he might not even find it. With smartphones in just about everyone’s pocket or purse, land lines to homes are disappearing every day. With these phones today, it seems that talking on them is less and less of a purpose since texting and tweeting and sending selfies and data plans dominate the use of our phones for today. The phone system is not what it was. It is much more and it appears we the consuming public continues to expect more from the mobile, wireless smart phone.


However, if we change our focus from Alexander Graham Bell and the


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