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People’s Powerline | September 2016 Annual Meeting of the Members


Ethridge Retires Continued from page 1


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Numbered photos (from page 1 and above) Ethridge is pictured alongside 1) PEC Board of Trustees and staff during board meeting, circa 1986; 2) one of 10 men to organize PEC in the late 1930s, Guy Binkley received a plaque at the 1985 Annual Meeting in recognition of his role as “Original Incorporator of PEC, May 24, 1937;” 3) Harold Hunter with the Rural Electrifi cation Administration (REA) received PEC’s outstanding loans payoff in 1987; 4) State Senator Dick Wilkerson (District 13, 1989-2003), 5) PEC’s Board of Trustees, circa 1987, 6) (l-r) PEC Board Trustees Eldon Flinn, Jack Lambert and Dr. Laurin Patton during the 2013 annual meeting; and 7) PEC Cashier (retired Director of Purchasing) Arvie Myers (left) and former PEC General Manager (1978-1985) and retired Canadian Valley Electic Cooperative Manager George Hand (far right).


Tri-County Indian Nations Community Development Corporation, and previously served as an alternate on the Kansas Electric Cooperative’s Board of Directors. Ethridge served as a Trustee of Western Farmers Electric Cooperative from 1978 to 1983. He served over 40 years on the Oklahoma Association REC’s Board of Trustees and was the board president in 1998.


Locally, he was voted “Ada’s Coolest Boss” in the Ada News 1994 Readers Choice Awards, and for his outstanding leadership in the creation of the Ada Area Community Development Corporation in 1996, the Ada Area Chamber of Commerce presented Ethridge their Leadership Award.


“I am grateful to have spent the majority of my lifetime serving rural electric cooperative members and am deeply honored to have had the opportunity to lead PEC for the past 31 years,” said Ethridge.


632402100


Among Randy’s most proud achievements at PEC was the REA loan payoff which netted PEC over $7 million in 1987 and the more recent Lease/Leaseback which improved PEC’s fi nancial position by over $13 million in 2004.


Incoming CEO Kevin Wood, who will take over the reigns from Ethridge on September 1, refl ected on Ethridge’s distinguished career. “Randy has been a remarkable leader and mentor who has been responsible for a great portion of PEC’s success over the years. He leaves a big set of shoes to fi ll,” said Wood.


End PEC Day at the Parade


September 24


Ethridge added, “At PEC, we always try to honor God and seek His wisdom and that has made all the diff erence.”


Parade Start Time: 2 PM


Ada Main Street


PEC Day is Saturday, September 24 Watch for your annual meeting program arriving in the mail soon!


Your personal invitation to PEC’s 80th Annual Meeting of the Members should be arriving soon in your mailbox.


742600401 This highly anticipated yearly event,


commonly referred to as “PEC Day,” will be held at the Pontotoc County Agri-Plex, located at the corner of J.A. Richardson Loop and Broadway in Ada on Saturday, September 24, 2016.


As soon as you receive your


program (shown at left), be sure to keep it so you can present it to


registration workers at the meeting. Your program will enter you in all of this year’s prize drawings. You’ll also need it to receive your portion of the cooperative’s profi ts in the form of capital credits. This year, approximately $970,000 will be returned.


will receive this year’s registration gift, an 80th


The fi rst 3,000 members to register anniversary insulated tumbler.


A grand prize drawing for $1,000 will be held at the end of the business meeting, and you must be present to win!


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