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C A N A D I A N May 2015


V ELECTRALITE SUPPLEMENT TO OKLAHOMA LIVING


Consolidation Vote Slated for August Annual Meeting


The board of trustees of Canadian Valley Electric Cooperative is pleased to announce the potential consoli- dation with Central Rural Electric Cooperative will be brought to a member vote at the CVEC 76th Annual Meet- ing on Saturday, August 1, 2015.


The boards of CVEC and CREC began discussions of shared services and a potential consolidation in 2013. In the time since, feasibility studies and financial 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 the board bringing this to a member- ship vote. A special consolidation vote meeting will be held for CREC members on July 30, 2015. All ballots will be counted following the CVEC annual meeting, and an official announcement of the vote results will be made on Monday, August 3 via the cooperatives’ websites and social media. As with other meetings, a quorum of five percent of the total number of members is required at each meeting for the vote to take place. A two-thirds majority at each meeting is needed for the consolidation to pass. The CVEC annual meeting will take place at the


Heart of Oklahoma Exposition Center located at High- way 177 and Leo Street in Shawnee. Registration begins at 1:30 and ends at 2:45 with the meeting beginning at 3 p.m. In lieu of a meal, members 707111500 will receive bottled water and ice cream, and a $20 restaurant gift card redeemable at various restaurants throughout the service area. Also, a $15 coupon will be given that can be re- deemed for a credit on an electric bill. Various door prizes will also be given.


In a format similar to past annual meetings, musical entertainment and a short presentation will precede the vote. Look for more information in upcoming editions of the newsletter and watch your mail for the official notice as the meeting date approaches.


The board of trustees encourages your attendance and participation in this history-making decision for CVEC and CREC. If the memberships vote to consolidate, Cen- ergy Electric Cooperative will become the first consoli- dated electric cooperative in the state.


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


Canadian Valley Electric Cooperative will be closed


Monday, May 25 in Honor and Recognition of Memorial Day


Please call our offices to report an outage. (Phone numbers are listed on page 2.)


Have a Safe and Happy Holiday!


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