August 2026
Official Notice
2026 Haywood Electric Membership Corporation
Annual Business Meeting August 6 Haywood EMC Board of Directors Election 2026 Candidates from Districts 5 and 6 are seeking election to 3-year terms on the Haywood EMC Board of Directors. The elected candidates will represent you on the board. Ballots were mailed, emailed, and available through SmartHub on June 1, 2026. Election results will be announced during the virtual Annual Business Meeting, airing at 7 p.m. on Aug. 6 via Haywood EMC’s YouTube page. D
C
SHEE T and 2023 BALA NCE December 31, 2024
223,884,400 (64,612,349) 159,272,051
Debt for Long-Term provisions Accumulated t t postretiremen - Curren Benefits Healthcare payable Accounts s er deposit Consum ld taxes and Withhe Accrued
These investments strengthen the electric grid, support future growth and address rising energy demands throughout our service territory.
Other
Credits ies Deferred and Liabilit ers’ Equity Total Memb
ANNUAL REPORT
| 3
A WHERE OUR
DOLLAR
GOES
460,818 4,820,000
15,000 21,354 5,521,036 642,358 6,330 1,627,909 12,765,752
1,053,737
$190,514,800
704
478,126 4,946,765
5,044,899 726,650 2,338 1,901,735
759
........... 43% ed Power A Purchas ........ 30% ng Expense B Operati ..... 12% iation .............. 7% C Deprec Expense............. . 8% D Interest r Equity .............. E Membe
490
Debit Long-Term for Provisions Accumulatednt rrent Postretireme - Noncu Benefits Healthcare Liabilities t Portion Current - Curren
99,077,274
723
67,000,109 109,217,076
(149,764) 13,359,830 63,943,303
596
income s Other equitie
B
$50,733,237
517
(122,982) 13,769,166
12,510,622
2,913,352
$178,905,369
CTED ES CONNE
NEW SERVIC
2025
$53,353,925
2024
Vegetation management and right-of-way maintenance Pole replacements and infrastructure upgrades Substation improvements and work towards relocating a flood-prone substation Continued system hardening in storm-prone areas
$178,905,369
$190,514,800
capital hensive Patronage other compre Accumulated
489
Multiple line rebuilds that resulted in greater reliability
Equity
E
2023
Members’
This new live-stream process will allow all member-owners to view the meeting and hear the election results without having to leave their homes. The live stream will take place on Haywood EMC’s YouTube Channel—youtube.com/ @haywoodemc. The Annual Meeting stream will begin a few minutes before the 7 p.m. meeting takes place and will stay available for member-owners to view the meeting for 90 days following the Aug. 6 meeting. For questions about this year’s Director Election and/or Business Meeting, please call our offices at 828-452-2281.The meeting will take action on the following matters:
D
8,811,173 4,860,466
2022
2025, Haywood EMC invested in system upgrades to improve reliability and reduce outage durations for member-owners.
IES & EQUIT LIABILITIES
Core initiatives included: Ongoing power line maintenance and inspections
C
5,239,285 52,002 7,522 2,064,795 345,305
51,605 8,051 2,397,215 565,077 13,827,948 2,483,969
479
Reliability Improvem ents In
Debits Deferred Total Assets
System Resilience
COMES FROM
416
TS
1,102,264 -
2,348,225 1,200,000 7,257,775
431
2025 HIGHLIGH
Storm Response & In the Fall of 2024, Hurricane Helene caused extensive destruction and service interruptions across more than 80% of our grid. Power was restored to all members within a few weeks, but the cooperative continued addressing storm impacts into 2025. Restoring power in our service area creates unique challenges, as much of our infrastructure is in remote mountain terrain inaccessible by vehicle. This required additional work to fortify infrastructure during winter and spring 2025.
Assets
ents cash equival ents Cash and Cash Investm Temporary Receivable portion Accounts ble - current Notes receiva ble Interest Receiva s and supplie Materials Prepayments
A DOLLAR
...... 77% tial .......... 16% A Residen l ........................... B Seasona ...... 6% rcial .............. C Comme ............ 1% al .............. D Industri
41,123 5,961,679
78,981 5,973,638
2021
Current
5,512,553 382,104
2020
ted in associa Investments organizations property Non-utility ble Notes receiva Funds Restricted
WHERE OUR
5,487,449 3,682 429,425
ents
ty and Investm
Other Proper
2019
Annual rt Repo202 5
$218,951,159 4,933,241
$231,676,823 4,153,559 235,830,382 (67,601,137) 168,229,245
2018
-at cost in service ss Electric plant work-in-progre Construction Plant n Gross Utility ulated provisio tion Less- accum iation/amortiza for deprec
2017
Utility Plant
B
2024 2025
ending
ASSETS
2016
For years
Haywood EMC will hold its 2026 Annual Business Meeting to confirm the Director Election this August. This year’s Annual Business Meeting will be live-streamed online beginning at 7 p.m. on Thursday, Aug. 6.
1. The reports of Cooperative Offices, directors and committees. 2. The election of two (2) directors of the cooperative, one from each district: DISTRICT NOMINEE District
Nominee Name
Term
5 6
Michael Ferguson Nathan Grant Steven Ross Doug Worrell Alan Israel
3 years 3 years 3 years 3 years 3 years
3. Other business that may come before the meeting or any adjournment thereof.
PERIODICAL
Haywood-0826-Wrap.indd 1
Clay Talley, Secretary Haywood Electric Membership Corporation
7/10/26 2:04 PM