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BY DENNIS KRUEGER G E N E R A L M A N A G E R


Consolidation Prompted by Change Learn More About It


Co-op members will find information and updates regarding the potential consolidation of Kiwash Electric and Caddo Electric Cooperative at a special website created for members of both cooperatives. We encourage you to visit the website, educate yourself about the consolidation, and engage in conversations about the topic on your co-op Facebook page. You can also sign up for updates on the issue as it becomes available. Stay informed and connected!


www.caddokiwashtogether.com


What Does It Mean To Consolidate?


When you consolidate two businesses, you bring them together into a single or unified whole. You gather the best of both businesses and put them to use through a new business model.





By consolidating Caddo Electric Cooperative and Kiwash Electric Cooperative, we bring both cooperatives together in a way that is beneficial to all members.


2 | JULY 2015 | Kilowatt C


hange is happening all around us— from Apple’s new computerized watches to electric-powered


automobiles. Change also includes your electric service provider. Caddo Electric Cooperative (CEC) and Kiwash Electric Cooperatives (KEC) are finding ways to work for you while cutting cost for the future. Changes are on the horizon for these two neighboring cooperatives, as CEC and KEC begin work toward becoming one electric cooperative.


Is consolidation necessary? I believe it is. The cost of electricity is slowly climbing, government regulations are increasing, aging infrastructure is in need of improvement, and materials and equipment costs are escalating. Meanwhile, the consumer demand for quality and reliable electricity is much higher today than twenty years ago. Computers, cell phones, flat screen TV’s, and other electronic gadgets are more prevalent in our member’s homes than ever before, and electricity runs these devices. Electricity is required for cell towers, home entertainment, and intricate business software. These are all things we rely on to keep our lives in- tune with others. They make it possible for our businesses to run efficiently and for western Oklahoma to prosper.


As we discuss consolidation, KEC and CEC must consider both the immediate and far-reaching effects on members. Assisting us is C.H. Guernsey, an 85-year-old engineering, architectural and consulting firm who has crunched numbers on behalf of the two cooperatives. Their most conservative figures indicate a Caddo-Kiwash alliance would net a 10-year cumulative saving of nearly $20 million dollars. Attrition, joint purchasing, employee efficiencies and other factors all contribute to this saving factor.


For example, I will retire as general manager of Kiwash Electric this January. My retirement opened the door for


the KEC and CEC boards to seriously consider uniting as one cooperative. I will be one of the first employees to contribute to the attrition saving factor. As others retire, duplication will be eliminated and savings will increase.


Consolidation is big deal, perhaps the biggest question that you, as a member, will be asked to vote on. I will present the consolidation facts in a series of meetings at scheduled district meetings in July (See page 3 for details). All Kiwash Electric members are encouraged to attend these meetings to hear the facts. I also encourage you to invite me for a presentation at your next organization meeting, coffee shop, civic club, and any other group function. I want to be a speaker in front of the Caddo- Kiwash membership wherever it takes me.


Information is also available at www. caddokiwashtogether.com. Please visit the site for updates and details on the possible consolidation. Pertinent details are also included in this issue of the Kilowatt, and more will be available in the August issue.


Consolidation will require a two-thirds majority vote to pass at the Annual Meeting. We need all members present at the Kiwash Annual Meeting on Monday, August 10 to understand the benefits of consolidation for our membership. The business meeting will begin at 7 pm.


Will you support the change? Are you willing to allow a consolidated electric cooperative to go forth and be your provider in an effort to reduce future rate increases? The boards of directors and cooperative management at both co-ops believe consolidation is a positive move toward more affordable and reliable electric service for all members.


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