Trustees elected, code changes approved at NWECApril 12, 2013
Members exercised one of their rights as owners of the cooperative Saturday, April 6, when they elected two of their own to serve on the board of trustees and voted on changes to the code of regulations at the 77th Annual Meeting of North Western Electric Cooperative.
Kim Shoup was re-elected to serve as a trustee for North Western Electric’s District 3 and Dick Polter will continue to serve the cooperative as the trustee for District 7.
Members also approved four changes to the cooperative’s code of regulations during the meeting held at Fairview High School. The code changes covered continuity of service, qualifications for serving as a trustee, means by which board members can be notified of meetings and correcting a title in a section pertaining to the board chairman’s duties.
Board Chairman Andy Farnham told members that North Western continued in 2012 to return capital credits to members.
“We again paid out general capital credit refunds totaling $1,052,000 and refunds to estates totaling $132,400. Since the beginning of this co-op, we have now exceeded $12 million refunded to our members,” Farnham said.
“We have lowered our administrative and general expenses and also our interest expense compared to 2011,” Farnham added. “The board and the staff are continuing with our plans to keep costs to a minimum and still provide reliable power and service to our members.”
NWEC Manager Darin Thorp talked with members about how the cooperative keeps its focus on the members.
“Our service goes beyond the poles and wires. It is also important that we offer additional value that has a positive impact on everyone in our community,” Thorp said.
North Western EC Manager Darin Thorp talks with Gertrude Studer about Saturday night’s annual meeting. Studer has been to all 77 of the co-op’s annual meetings. She will be 106 years old next month.
Thorp told members that North Western Electric is introducing the Co-op Connections® Card in July. The program offers members discounts at local and national businesses and is free to members. “While our number one priority is keeping the lights on, North Western is committed to bringing additional value to our members and the communities we serve,” he said.
Thorp noted the cooperative’s transition to automated metering infrastructure is nearing completion, with the areas served by the Center, Montpelier and Edgerton substations scheduled to have the conversion completed by the end of the year.
“This conversion will give our co-op more timely data and eventually allow you to access your accounts online and see your daily use,” Thorp said. “The more information we can provide to you, the more informed decisions you can make about your use and ultimately help you lower your electric bills.”
Members heard a favorable financial report from Tim Yoder, with Shultz Huber and Associates.
“Operations margins were very good — revenues exceeded expenses by $1,707,894,” Yoder said. “Overall the company is in a strong financial position.”
As part of the 77th annual meeting, winners of several youth programs were announced.
Anna Ritchey-Moore and Bradley Grimm were named as representatives on the upcoming Youth Tour to Washington, D.C.
Britanny Conkey was announced as the winner of the $1,000 Touchstone Energy® Achievement Scholarship.
Four winners were named in the Children of Members Scholarship Competition. Anthony Weber and Sabrina Brown each won the $1,500 first-place awards and Abigail Hill and Ryan Oberlin won the second-place awards of $750.
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