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www.cenergy.coop June 2015


Members will make a choice on the consolidation Canadian Valley Members


This July and August, members of Canadian Valley and Central Rural Electric Cooperatives will have a choice to make. In probably the most signifi cant decisions either cooperative has ever had to make, members will choose whether or not to consolidate and form a single, larger cooperative named Cen- ergy Electric Cooperative Inc.


The boards of CVEC and CREC began discussions of shared ser- vices and a potential consolida- tion in 2013. In the time since, feasibility studies and fi nancial forecasts have been conducted that show a potential savings of more than $40 million over the next 10 years.


The next step in the process is a membership vote. A special membership meeting will be held for CREC members on Thursday, July 30, 2015, at the Payne County Expo Center in Stillwater, Oklahoma. CVEC members will vote at the cooperative’s annual meeting on Saturday, August 1 at the Heart of Oklahoma Exposition Center in Shawnee, Oklahoma. In a format similar to past an- nual meetings, the CVEC and CREC memberships will have the opportunity to assemble and cast their vote.


An offi cial announcement of the vote results will be made on Monday, August 3 via the co- operatives’ websites and social media. As with other meetings, a quorum of fi ve percent of the total number of members for both CVEC and CREC is required for the vote to take place. A two-thirds majority at each meeting is needed for the consolidation to pass.


CVEC and CREC are offering a $20 restaurant gift card to each member who attends the meeting. Also, a $15 coupon will be given to CVEC mem- bers that can be redeemed for credit on an electric bill. CREC members will receive a $15 bill credit. Members will also be entered to win various door prizes, including a zero-turn riding lawn mower, refrigerator, washer/dryer set, chainsaw and a Dyson vacuum cleaner. Watch your mail for offi cial notice of the meeting.


The boards of trustees encourage your attendance and participation in this history-making decision for CVEC and CREC.


If you have questions about the consolidation vote, you are encouraged to email editor@ cenergy.coop.


WHAT | WHEN|


WHERE| CVEC Annual Meeting


Saturday, August 1, 2015 Registration 1-2:45 p.m. Meeting begins at 3 p.m.


Heart of Oklahoma Exposition Center Highway 177 and Leo Street Shawnee, Oklahoma


Central Rural Members


WHAT | WHEN|


WHERE| CREC Consolidation Vote Meeting


Thursday, July 30, 2015 Registration 5 - 6:45 p.m. Meeting begins at 7 p.m.


Payne County Expo Center 4518 Expo Cir. E. Stillwater, OK


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