August 2019
Woodruff Electric Cooperative Corporation Volume 47
Issue 8 BACK TO SCHOOL It’s a new school year and kids of all ages are ge ng ready for a fresh year of learning! From kindergarten through college, students a end school to gain knowledge about a broad variety of subjects and learn new skills that will prepare them for the future. In a similar way, Woodruff Electric Coopera ve Corpora on is con nually learning in order to advance technology that improves electric service, reliability, safety and in turn, enhances quality of life for the members we serve in our local communi es. Woodruff Electric keeps abreast of industry trends because the energy sector is rapidly changing. Innova ons in technology and energy types are fueling demand for more op ons. On the consumer front, people are looking for more ways to manage their energy use with smart technologies. Consumers expect more convenient payment methods – whether through automa c bill pay, online or in person. We’re working to help si through the op ons for our members in ways that benefit the greater community. At the same me, we never lose sight of the top priority––providing safe, reliable and affordable electricity. Energy for the future. Whether it’s examining green energy op ons or exploring how emerging technologies can be er serve our members, for Woodruff Electric our “school year” is never over. We will con nue to learn from our members about their priori es for the future, and we will con nue to study and research the issues so that we can be er serve you, now and in the future. IT PAYS TO BE A MEMBER Not many businesses pay you for buying something you wouldn’t want to live without—but electric coopera ves do. Unlike other types of companies, coopera ves YOUR do not have shareholders, who expect to make money from the company’s profits. COOPERATIVE Co-ops are not-for-profit businesses that exist solely to provide their members with AT WORK a particular service, such as electricity. In a coopera ve like Woodruff Electric, members are stakeholders. When the co-op takes in more money than is needed to run the business, the owners are en tled to a por on of those margins. It’s an example of the Coopera ve Principle of Member Economic Par cipa on. This year the Board of Directors at Woodruff Electric voted to return over 2 million dollars to members who had accounts with the coopera ve in 1984 , 1985 and 2018. Every year Woodruff Electric hand delivers a few checks to different members, businesses and industries.
Be e Looney, center, Woodruff County Monitor
Lynn Kyle, center, Woodruff County Farmer
Garre Frost, le , Frost Flying Service