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Recapping 2014 - KEC is Healthy A message from your C.E.O. - Tim Rodriguez


Newkirk substations. These subs will allow extra capacity to be delivered in areas of high load growth. We also have four additional substations in the planning process.


With 2014 coming to a quick end, it is time to reflect on activ- ities that have occurred during the year with your electric co- operative. The oil industry has continued to keep Kay Electric personnel very busy. Although our number of members has increased only modestly over the last five years, our load growth has doubled over that same time period. This has placed a tremendous work load upon KEC personnel. We have everyone busy and have addi- tional construction crews assist- ing with the extra work. We have recently completed three new substations that will be energized very soon. They are the Medford, Marland and


Although keeping up with additional growth is important, we must also maintain our existing system while making improvements where time has taken a toll on older line. Maintenance is an ongoing process on an electrical system to insure good service. With over 50,000 poles and nearly 3,000 miles of line, identifying and replacing weaker line is a continual process. Attempting to have as strong a system as reasonably possible will assist greatly during storms that can wreak havoc. Of course, Moth- er Nature can destroy anything if she sets her mind to it as we found out in the ice storm of the century in January 2002. However, for the typical storms, we certainly want to minimize potential damage. Prioritizing and allocating resources to ar- eas most needy of attention is something KEC staff is always reviewing.


With any growth period, comes the challenge of man-


Your KEC Board of Directors and employees wish you and your families a very Merry Christmas.


Marland Substation 2 Medford Substation


aging that growth so that as- sets and financial stability are maintained. KEC will approach 43 million dollars in sales in 2014 on 68.5 million dollars of assets. For every $1 of sales, $0.70 goes to Western Farm- ers Electric to pay for the power generated and delivered to the substations. For every $1 of assets on KEC’s balance sheet, $0.73 is invested as utility plant used to serve our members. KEC’s equity has grown 5% in the previous five years to nearly 40%. In the last five years, KEC has returned $3,094,404 back to our members in the form of capital credit checks. All in all, KEC is a healthy co- operative.


Looking forward to 2015, we expect continued growth in the oil industry, although at a bit slower pace than the previous few years. We are also seeing non-oil activity spring up along the interstate and other areas throughout our five county ter- ritory. As always, your employ- ees are dedicated to providing quality service now and in the future. Have a Happy and safe Holiday season.


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