Trustees elected at Tricounty Annual MeetingOctober 4, 2013
Approximately 350 members and guests of Tricounty Rural Electric Cooperative made their way to Delta High School Sept. 18 to participate in the co-op’s 76th annual meeting.
One of the highlights of the annual meeting was the chance for members to use the democratic process to elect two of their own to represent them on the Tricounty Board of Trustees.
In District IV, Dustin Sonnenberg was re-elected while John Schuchert won election for the open seat serving District VII.
Board President Steven Hoffman told the members that Tricounty had invested $1.5 million “upgrading equipment, building new lines and rebuilding older sections of line. We have also invested $360,000 in maintenance on our 616 miles of distribution lines, transformers and for our right-of-way maintenance program. These maintenance and tree trimming programs are vital for Tricounty to provide you with the reliable electric service you have come to expect.”
Hoffman also shared that later this year the cooperative will be returning capital credits earned in 1999 to members and former members.
In December, Tricounty will be retiring 50 percent of the allocated capital credits from 1999, or approximately $487,000.
“In addition, we retire approximately $125,000 to the estates of deceased members each year,” Hoffman said. “Since 1950, Tricounty has returned over $14 million to our member-owners.
General Manager Brett Perkins took some time during his address to thank Tricounty’s employees. He said severe storms this past summer brought out the best in the employees.
“I was able to witness first-hand the employees’ resilience, commitment and dedication to Tricounty and its members,” Perkins said. “Many times their efforts go unnoticed as they work through the night, when most are asleep.
“During times like these, it reminds me of how great it is to be a part of Tricounty, its staff and a cooperative-based network.”
Perkins also highlighted some of the accomplishments of the past year.
Tricounty has partnered with the Cooperative Response Center (CRC) and established a toll-free outage hotline.
The board and management created a strategic plan to provide guidance and establish goals for Tricounty for the next several years.
Tricounty worked with the National Rural Electric Cooperative Association to conduct a member attitude survey. “The survey informed the board and management about what aspects Tricounty was doing well and, more importantly, what aspects you, the members, felt we needed to improve,” Perkins said.
Tricounty rated the highest in member satisfaction among Ohio’s electric cooperatives with a score of 89 on a 0 to 100 scale.
The cooperative also worked with the Cooperative Finance Corporation to complete a cost-of-service study.
“The board and I have a fiduciary responsibility to you, the members, to maintain the financial integrity of Tricounty Rural Electric Cooperative and are committed to providing you, our members, with reliable, affordable and safe electricity,” Perkins said. “I am proud to say that Tricounty has some of the lowest rates in the state of Ohio.”
Greg Steyer, CPA, reviewed the cooperative’s financial report with members and Karigan Blue, a student at Patrick Henry High School, shared her experience representing Tricounty on this past summer’s Youth Tour to Washington, D.C.
« Back to News