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C A N A D I A N June 2016


V ELECTRALITE SUPPLEMENT TO OKLAHOMA LIVING


A Message from Your Board President Co-op Receives Report on Corporation Commission Investigation


In January I promised you, our


Member-Owners, that your cooperative had a great opportunity to choose a new direction; one of forward, progressive- minded leadership, designed to enable a stronger CVEC to emerge. After the last several months, I truthfully can say I believe we are on the way to making this happen. We have hired an Interim General Manager who believes in the cooperative model and the employees and staff have rallied behind him to provide the best service possible to you our Member-Owners. Many positive changes have and are occurring and I am sure that all of you were pleased WR KHDU WKDW &9(& LV LQ VRXQG ¿QDQ- cial condition and will require no rate increase this year. The staff is close to completing their review of the compli- ance plan and will present to the Board for their approve and then forward to the Oklahoma Corporation Commission (OCC.)


In addition, I promised you a report on the OCC investigation as soon as CVEC received it. Although the let- ter is dated February 24, 2016, it was only received at the end of April, by myself and our attorney; too late to get it into the May Electralite. At our April 26th Board meeting, your Board voted to include the entire letter in the June Electralite, so all of you could read the entire report. You will note in the ¿QDO SDUDJUDSK WKDW WKH &9(& %RDUG has work to do. When an action plan has been developed and adopted by the Board, the action plan will be submitted to the OCC for approval. We actually began developing this plan at our April Board meeting and should have the plan developed soon. It will include


some by-law changes which will be communicated to you. We will request that you approve these changes at the annual meeting in September. , ZRXOG OLNH WR ¿QLVK ZLWK DVVXULQJ you that your Board is committed to and has a strong desire to make CVEC the best cooperative possible and is dedicated to providing you, our Mem- ber-Owners with the most reliable and affordable electricity possible. Again, I desire the Lord’s blessing for you in 2016.


Best, Yates Adcock,


CVEC Board President Allegation Inquiries Update


on CVEC and CREC Consolidation The following letter is from the Public Utility Division of the Oklahoma Corporiation Commission to the CVEC Board of Trustees


OKLAHOMA CORPORATION COMMISSION Brandy Wreath, Director Public Utility Division February 24, 2016


To: Yates Adcock Cc: Roger Henson RE: Final report concerning member allegations.


Mr. Adcock,


3OHDVH DFFHSW WKLV PHPR DV D ¿QDO UHSRUW RI 38'¶V ¿QGLQJV UHODWHG WR the Canadian Valley Electric Cooperative (“CVEC”) and Central Ru- ral Electric Cooperative (“CREC”) consolidation allegations that were UDLVHG LQ QXPHURXV QHZVSDSHUV DGV SDLG IRU E\ D PHPEHU RI &9(& Mr. Bill Harwell. We made numerous attempts to meet with Mr. Har-


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