Logan members return three trustees to officeAugust 12, 2013
Emerson Snapp, Doug Comer and Warren Taylor were all re-elected at the annual Meeting of Logan County Electric Cooperative.
Three trustees were re-elected at the annual meeting of Logan County Electric Cooperative, held Tuesday at its new headquarters building, which is currently in the final stages of construction.
Re-elected to the board of trustees were Doug Comer, Emerson Snapp and Warren Taylor.
Doug Comer was re-elected to represent District 5. Comer has been a cooperative member for 15 years and a board member for 12 years.
Emerson Snapp, who was re-elected to represent District 6, has been a co-op member for 43 years, serving on the board of trustees for 36 years.
Re-elected to serve District 7 was Warren Taylor, who has been a cooperative member for 45 years as well as serving as a trustee on the board for the past nine years.
All three incumbent trustees have completed their Credentialed Cooperative Director and Board Leadership certifications.
In his remarks at the meeting, Logan County Electric Cooperative’s president and manager Doug Miller commented that it was on August 6 in 1935 when a gentleman named C.C. Praell chaired a committee meeting of about 25 rural Logan County residents that eventually resulted in the founding of the Logan County Cooperative Power & Light Association. “Some 78 years later, I’m pleased to report that your cooperative is vibrantly alive and well.”
Discussing the new headquarters, Miller noted that the building will be completed in about a month and will be coming in under the estimated cost of $2.8 million. It was financed with half the money coming from cash and the balance borrowed from the Rural Utilities Service at historically low interest rates.
Miller estimated the cost per member for the new building will be about $2 per month over the depreciated life of the building, but in exchange for that, the cooperative will have a building with lower ongoing operating and maintenance expenses, improved traffic flow and a drive up drop box.
“The building showcases energy efficiency with LED lighting, smart thermostats, geothermal and VRF heat pump heating and cooling systems, and more,” Miller said.
He noted that the building will also be used as an educational tool to teach members about the cooperative business model and the energy choices they have. It will also provide the necessary space for technology improvements that can help diagnose power issues sooner and restore outages quicker.
“This building was designed for expansion and built for sustainability and durability. It will serve our employees and our members extremely well for many years,” Miller said.
Miller noted that Logan County has always prided itself on member satisfaction. The cooperative increased its satisfaction score from 85 to 88, the highest ever achieved by Logan County EC.
“I truly believe we have the right equation — cost plus service equals value,” Miller said.
Among the strategic issues the cooperative will face in the next year are finishing the new building, working with Honda Transmission Manufacturing on the installation of two utility scale windmills, getting new employees up to speed, and exploring the use of technologies that will allow 24-hour access to reporting and tracing power outages and bill payment.
In his remarks addressing the cooperative’s financial position, Stephen Drake, the cooperative’s director of Finance and Accounting, noted that Logan County EC came through its independent audit by Rea and Associates with a clean report.
He said $496,825 in capital credits were retired to members in 2012, a number that totals $7,665,890 for the lifetime of the cooperative.
Drake noted that the cooperative’s strong financial position at the end of 2011 was what made substantial funding for the new building available. Total assets of the cooperative decreased by 0.7 percent from 2011 to 2012 because of the drop in cash balances.
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