search.noResults

search.searching

note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
inside your co•op


A monthly newsletter of Choctaw Electric Cooperative.


BOARD OF TRUSTEES


Brent Franks, President Joe M. Silk, Vice President


Mike Brewer, Secretary Treasurer Stacy Nichols


George Burns Ken Autry


Bill Woolsey


Norman Ranger Becky Franks


MANAGEMENT AND STAFF


Kooney Duncan, Chief Executive Officer Jennifer Boling, Executive Assistant Jia Johnson, Director of Public Relations Tiffany Hempsted, Chief Financial Officer


HUGO OFFICE


PO Box 758 Hwy 93 North


Hugo, Oklahoma 74743


Toll Free: (800) 780-6486 Local: (580) 326-6486 FAX (580) 326-2492


Monday-Friday • 8 am - 5 pm IDABEL OFFICE


2114 SE Washington Idabel, Oklahoma 74745


Toll Free: (800) 780-6486 Local: (580) 286-7155


Monday-Friday • 8 am - 5 pm


ANTLERS OFFICE HC 67 Box 62


Antlers, Oklahoma 74523 (One mile east of Antlers)


Toll Free: (800) 780-6486 Local: (580) 298-3201


Monday-Friday • 8 am - 5 pm On the Web:


www.choctawelectric.coop


24 Hour Outage Hotline 800-780-6486


C MANAGEMENT PERSPECTIVE


Co-op Members Get The Credit Check your refund status at www.choctawelectric.coop


hoctaw Electric(CEC) members are responding in droves to CEC's


unclaimed patronage refund page. Many of our members have been surprised to discover a refund waiting for them of $50 to $100 and even more.


A good share of these refunds are what we call "estate capital credits." These are patronage capital funds owed to co-op members who are deceased. When a co-op member dies, family members often forget to close the CEC account and fill out the certificate of entitlement that designates them as recipients of their loved ones capital credit refund.


check to process. I know you are eager to receive what is rightfully yours, but we are working as fast as we can. Your patience is very much appreciated.


BY KOONEY DUNCAN cHIEF EXECUTIVE OFFICER


Patronage capital is one of the big differences between CEC and an investor-owned utility such as AEP/PSO or OG&E. Those companies return profits to stockholders who are located all over the world. Most of them aren't customers of the company and have no interest in it outside


of stockholder dividends.


We lose track of plenty of living members, too. They move off co-op lines without providing us with their new address; often they move more than once. When our address for them is incorrect, their capital credit check is returned to us in the mail. These unclaimed refunds remain in an account until someone remembers to claim it.


CEC has received hundreds of applications for estate capital credits. Our employees are working hard to process them as quickly as possible. Due to the high volume of requests, our representatives are swamped. If you have applied for an estate capital credit refund, you should be aware that it could take three months or longer for your


OFFICIAL


Electric co-ops allocate revenue left over after expenses are paid to a patronage capital account for member-owners. Each member's allocation is based on how much electricity they used for that year. Patronage capital funds are retained by the co-op until their board of trustees approves a retirement, or refund, to members.


Like electing local members to serve on your cooperative board, the patronage capital system keeps CEC accountable to those the co-op exists to serve— that's you—our local members.


MINUTES


Scan this code with your smartphone or tablet to read the monthly minutes of your co-op board meeting. Minutes are also available at any CEC location.


To scan the code, install a Bar Code Scanner app, available at the App Store.


2 | OCTOBER 2017 | CEC Inside Your Co-op


CEC


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116