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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


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 2013


2014


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


$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


$5,561,676 $4,196,895 75.46


$1,066.07 4.65


148,176 109,675 184,404 61,830,020 $127,940 $181,170 58.0


New Services Staked in October During the month of October 37 new services were staked. The total new services staked in 2014 is 385. This compares to 351 for the same period in 2013.


FINANCIAL STATEMENT


BEGINNING BALANCE 9/30/14....... Deposits.......................................................... Interest Income ................................................ Checks Issued ............................................. Approved, not yet paid ............................... BALANCE 10/31/14..............................


$203,963.96 8,259.97 11.49


-5,310.83 -8,881.74


$198,042.85


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


(405) 382-3680 (405) 273-4680 (918) 689-3232 (877) 382-3680


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


By George Continued from page 1.


phone system to Thomas Edison and his electric utility system, the story is a little different. Edison could still find the poles, wires and transformers delivering electric- ity to customers. While we have smart meters today, we couldn’t let the phone company get ahead of us, the pro- duction and delivery of electric utility service is still pri- marily accomplished with a central station generator con- nected to thousands of homes over thousands of miles of wire. And more than likely that generator is powered by burning a fossil fuel and releasing carbon dioxide into the atmosphere. Our leaders have decided this is a bad thing and are pushing regulation that will reduce the amount of electricity generated with coal. Coal plant retirements are being scheduled. Nuclear plants are too costly for most investors and it is hard to find anyone who wants a coal or a nuclear plant in their back yard.


The electric utility service business is going to change in the next few years. Other technologies, wind, solar and others will come forward but this is a slow and very costly process. Price may well take some consumers out of the market. None of us like higher prices or change, but the reality is that both are coming. Using less may be the only defense many of us have to continue to be consumers. Some are now looking to distributed generation sources such as wind and solar rather than central station power. Today reliability and cost with these technologies on an individual basis is still expensive. But when the price of fossil fuel generation is driven up by regulation and the alternative technologies are improved, they will become more price-competitive.


Continued on page 3. V A L ELECTRALITE


The ElectraLite


December 2014


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