This page contains a Flash digital edition of a book.
Board of Trustees Bob Usry, President Verle Barnes, Vice Pres.


James “Jim” Martin, Sec.-Treas. John Jensen, Asst. Sec.-Treas. Mike Argo


Percy Moreu Rusty Grissom Ronnie Grover Frank Wilson


District 8 7 9 6 1 2 3 4 5


Oklahoma Electric Cooperative 321-2024, FAX 405-217-6900 http://www.okcoop.org OECNews@okcoop.org


Co-op Manager .............................Max Meek Editor .........................................Brianna Wall


Oklahoma Electric Co-op News is


published monthly by Oklahoma Electric Cooperative, 242 24th Ave. NW, Norman, OK 73069, (USPS-865-700). Subscription rates: $6.00 per year for non-members, 50¢ per year for members. Periodical postage paid at Norman, OK and other additional mailing offices. POSTMASTER: Please send form 3579


to: Oklahoma Electric Co-op News, PO Box 1208, Norman, OK 73070.


From the top MAX MEEK, CHIEF EXECUTIVE OFFICER


Capital credits coming your way Did you know OEC is a


If you recognize any of the


nonprofit entity? In fact, all electric cooperatives are not-for-profit, and for the member-owners – that’s you – it’s a good thing. Beginning on page 9,


Hidden Account Numbers Worth $150


Each month, OEC will pay $50 to


the two co-op members who locate their hidden account numbers inside the Co-op News that month. Te hidden account numbers will be placed at random within the text of each issue and not on the mailing label. Te amounts will simultaneously increase in $50 increments until one or both account numbers are located by their respective owners. Remember the contest rules as you read the Co-op News each month: 1. One of the hidden account numbers must be your own. 2. You must advise OEC by phone, mail or in person at the co-op’s office by the 15th of the month.


If you find your account number call the Member Services department at 217-6706.


you will see six pages filled with former members’ names – and that’s only half of them (the other half will be printed next month). We are trying to contact these members so they – or their heirs – can receive the money we owe them. You see, as a nonprofit business, we operate at-cost. Any funds collected exceeding the cost of doing business must be returned to the members. If co-ops were like other utilities, those funds would be distributed among shareholders and investors in faraway lands. Instead, they are returned to you, the owners of the co-op. It’s one of many aspects


names in this month’s issue, or next month’s, please tell them to call us so we can get their money to them. A form is printed on page 23 for the descendant(s) of those who have passed on to transfer any remaining capital credits into their names. If you were a member





If co-ops were like other utilities, those funds would be distributed among


shareholders and investors in faraway lands. Instead, they are returned to you, the owners of the co-op.


that makes cooperatives unique and sets us apart from other, profit-minded businesses. Co-ops have always operated as not-for- profit – it was one of the prerequisites for receiving a loan from the federal government to begin a cooperative in the mid-1930s. I am grateful our operations have financially allowed us to pay back these margins over the years.


At the end of the day, our goal is


for the lights to remain on come high winds, storms or any other surprise Mother Nature has for us. We work diligently to provide you with safe, affordable electricity, and we hope you see your investment in OEC as more than just a monthly bill.





during the years of 2006 and 2007 and you still are a member, be looking for your check to arrive in August, given no major expenses occur – like an ice storm or tornado – between now and then. No action is necessary on your part. Distributing margins


back to our members helps us keep costs as low and affordable as possible. While we strive to be at the forefront of implementing new technology, like usage monitoring mobile apps and PrePaid metering, our mission remains providing the most reliable service we can.


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