Choctaw Electric Cooperative BOARD OF TRUSTEES
George Burns, President Joe M. Silk, Vice President
Mike Brewer, Secretary Treasurer MEMBERS
James Woods Bill Woolsey
Danny Antwine Norman Ranger Marcia Wright
Becky Franks MANAGEMENT AND STAFF
Jon K. Miles, Chief Executive Officer Susan G. Wall, Executive Assistant Jia Johnson, Director of Public Relations
STUDYING THE COST OF SERVICE O
ver the past several months, your cooperative has engaged the services of C.H. Guernsey and Company based in Oklahoma City to conduct a cost of service study. A cost of service study is a rather complex process, but it’s a necessary one for all electric utilities.
The study includes an analysis of estimated revenue requirements based on a particular test
projected to produce the needed revenue until at least mid-2018 and possibly further into the future. Your cooperative staff will do all it can to maintain rates where they are now and beyond.
Getting Ready for Old Man Winter
MANAGEMENT REPORT BY JON K. MILES
cHIEF EXECUTIVE OFFICER
year. We chose the year 2013 with efforts to normalize it to reflect actual and accurate figures and data for a calendar year. To remain financially sound, CEC rates must produce sufficient revenues to cover the cost of providing electric service, while allowing for the continued replacement and expansion of new electric infrastructure. These expenditures are commonly referred to as “revenue requirements” and consist of normal operating expenses and capital improvements, such as lines and poles, across the entire system. Periodically, CEC must examine current and anticipated revenues and expenses to ensure the total revenue is sufficient to cover all revenue and debt requirements.
Another consideration that is key to the cost of service study is the analysis performed to determine the allocation of cost to each class of customer/member. The great news for members: The study found that CEC’s current rates are
2 | december 2015
If you’ve been watching the winter weather forecast, you may have seen that southeast Oklahoma is listed as a potential winter weather battle zone. Heavy snow and/or the accumulation of ice is a terrible
combination for electric utilities. Of course, weather forecasts are unpredictable, but one thing is not subject to change: Choctaw Electric will call upon all of its resources, including statewide mutual aid, if Old Man Winter takes aim on our area.
In preparation for a potential major storm this winter, co-op management has discussed restoration plans and the use of manpower, equipment and materials with all co-op staff.
Happy Holidays
On behalf of Choctaw Electric Cooperative, I wish you all the very best holiday season ever. I hope that each of you will take time to stop and appreciate the many blessings we enjoy in this great country, and please keep the men and women who stand guard to protect it in your thoughts and prayers.
Thanks to your support, your cooperative continues to move forward.
Craig McBrain, Director of Administration and Finance
Jim Malone, Director of Operations Darrell Ward, District Supervisor
HUGO OFFICE PO Box 758 Hwy 93 North
Hugo, Oklahoma 74743
Toll Free: (800) 780-6486 Local: (580) 326-6486 FAX (580) 326-2492
Monday-Friday • 8 am - 5 pm IDABEL OFFICE
2114 SE Washington Idabel, Oklahoma 74745
Toll Free: (800) 780-6486 Local: (580) 286-7155
Monday-Friday • 8 am - 5 pm
ANTLERS OFFICE HC 67 Box 62
Antlers, Oklahoma 74523 (One mile east of Antlers)
Toll Free: (800) 780-6486 Local: (580) 298-3201
Monday-Friday • 8 am - 5 pm On the Web:
www.choctawelectric.coop
24 Hour Outage Hotline 800-780-6486
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