Trinity Valley Electric Cooperative held its annual meeting on October 11, 2012. Over 200 members were in attendance for the event.
Prior to the meeting, information on energy efficiency, AMI, the Co-op Connections Card and electrical safety was available at booths set up and manned by co-op employees.
While waiting for the meeting to commence, members were entertained by video clips from the Grand Ole Opry.
TVEC Attorney John Mosley, serving as emcee for the evening, welcomed everyone and thanked them for attending.
Troops from Athens Boy Scout Troop 111 then carried out the duties of the posting of colors and led the crowd in the Pledge of Allegiance.
Mosley then took a moment to recognize the veterans and active servicemen and women in the audience.
Following a round of applause for the military men and women, TVEC Board Secretary Jo Ann Hanstrom provided a determination of a required quorum and read the official notice of the annual meeting. Board President Howard Tillison then officially called the meeting to order.
After introducing the directors, Mosley entertained a motion and second to dispense with the reading of previous minutes.
Mosley then acknowledged Nellie Polk, explaining Mrs. Polk passed away this year at the age of 107. Mrs. Polk was a regular at annual meetings.
General Manager/CEO Jerry Boze presented a video the co-op produced giving an overview of the history of electric cooperatives and highlighting several programs currently offered by TVEC.
Boze also introduced the co-op’s newest community-minded campaign, Operation Round Up and the Member Service Portal.
Boze recognized the help and support TVEC receives from Rayburn Country Electric Cooperative (RCEC). He explained how RCEC is responsible for purchasing the entirety of wholesale power for the co-op and how they work to capture the best possible prices. Through the recent efforts of RCEC, TVEC is going to be able to further decrease the power cost recovery factor (PCRF). In other words, TVEC members will see lower electric bills.
Following Boze, David Copeland, of the co-op’s auditing firm, Bolinger, Segars, Gilbert and Moss (BSGM), provided the results of TVEC’s financial report for the year ending December 31, 2011. He stated TVEC was in excellent financial shape. A summary of financial statements is available at www.tvec.net or at any TVEC office.
Nominating committee member Jennifer Burns then delivered the nominating committee report.
Copeland (BSGM) also announced the results of this year’s board elections. Running unopposed, incumbent Paul Weatherford was re-elected to the District 3 seat with 2738 votes.
Mosley then determined there was no unfinished business or new business and at that time a motion and a second was made to adjourn the meeting.
Following the meeting, a host of prizes were raffled off.
2011 Financial Informaiton