SEPTEMBER 2020
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WFEC Renewables Report
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Operation Round Up report
A supplement to the Oklahoma Living
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ceo’s report BRETT ORME
C H IE F E XE C U T I V E O F F I C E R
As an electric cooperative, our top priority worked remotely. In the office, we limited is always to provide safe, reliable, affordable and modified meetings and gatherings to energy to you, the consumer-members we allow for safe separation. We also adjusted serve. Because we are a co-op, our mission our walk-in office availability and in-person is to enrich the lives of our members and service calls to ensure the health and safety of serve the long-term interests of our local our employees and our valued members. For community––and this mission has never the health and safety of everyone, we think been more critical than in recent months. these measures were the prudent course of One of the seven principles that guides action for the times. all co-ops is “concern for For our members community.” To me, this impacted by COVID-19 The changing principle is the essential who needed help with their DNA of KEC, and it sets us electric bills, we waived late circumstances apart from other electric fees and worked with those utilities. hardest hit to make special due to the Who would have payment arrangements. fathomed in March, that We also directed members pandemic have the COVID-19 virus would to resources not only for amount to a test of our payment assistance but other created both community and our nation? assistance as well. The changing circumstances I tell you about all of challenges and due to the pandemic have these efforts not to boast opportunities. created both challenges and about KEC but to explain opportunities. Over the past how much we care about several months, we’ve all this community — because been challenged to operate differently, and we live here too. KEC has stepped up to help our members We’ve seen other local businesses rising and strengthen the safety net for our more to meet similar challenges during this time, vulnerable neighbors. because that’s what communities do. While As an essential service, and to ensure the challenges caused by COVID-19 have reliability of your power supply, we been daunting, I’m heartened to see how modified our operations to safeguard everyone is pulling together. business continuity. Our line crews and KEC was built by the community to serve other employees adjusted schedules to the community, and that’s what we’ll continue maintain separation. Some employees to do.
Fast English Muffin Pizzas
PUBLISHED FOR MEMBERS OF KIAMICHI ELECTRIC COOPERATIVE
KEC Annual Meeting postponed until further notice Due to the ongoing COVID-19 pandemic and guidelines from the Centers for Disease Control and Prevention and local officials, KEC’s board of trustees elected to postpone the Annual Meeting until further notice. “Our top priority is the safety of our members, employees and everyone involved in making the Annual Meeting a success,” said CEO Brett Orme.
“Unfortunately, an event like our Annual Meeting would risk the safety of too many, so we join many co-ops across the nation in postponing ours until further notice.” Keep your eye on the Light Post for new developments regarding the Annual Meeting.
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ASSETS ELECTRIC PLANT
Kiamichi Electric Cooperative 944 SW Highway 2 PO Box 340 Wilburton, Oklahoma 74578 tele: (918) 465-2338 toll free: (800) 888-2731 FAX: (918) 465-2950 www.kiamichielectric.org email: support@kiamichielectric.org
In service Under construction Total electric plant Less accumulated depreciation Electric plant, net Investments in associated organizations
2019
2018
109,470,339 1,521,341 110,991,680 25,644,992 85,346,688 19,751,967
105,327,233 2,369,433 107,696,666 23,240,128 84,456,538 19,176,512
114,420 21,705 4,901,714 710,328 430,690 6,178,857 486,146 $ 111,763,658
150,547 21,520 4,882,608 630,310 105,905 5,790,890 648,500 $ 110,072,440
Equities Memberships Patronage capital Accumulated other comprehensive income Other equities Total equities
$ 82,010 37,990,517 1,041,208 3,684,207 42,797,942
$ 81,790 37,459,774 1,506,785 3,434,616 42,482,965
Noncurrent liabilities Long-term debt, less current maturities Other liabilities Total noncurrent liabilities
47,275,303 6,669,871 53,945,174
50,192,895 6,145,659 56,338,554
2,933,435 3,553,434 648,279 2,735,060 1,729,568 551,221 12,150,997 2,869,545 $ 111,763,658
2,805,000 1,540,305 205,826 3,086,356 1,384,704 498,965 9,521,156 1,729,765 $ 110,072,440
Current Assets Cash and cash equivalents Temporary cash investments Accounts receivable, net of allowance for uncollectible accounts Materials and supplies Prepaid expenses and other Total current assets Deferred debits Total assets
HOURS OF OPERATION Monday-Friday 8 am to 5 pm 24-HOUR OUTAGE HOTLINE (800) 888-2731 BOARD OF TRUSTEES Don Parr, President DISTRICT 5 Mark Ichord, Vice President DISTRICT 6 Ron Pelanconi, Treasurer DISTRICT 3 Russell Shaw DISTRICT 1 Amy Miller DISTRICT 2 David Ray DISTRICT 4 Larry Culwell DISTRICT 7 Brett Orme Executive Vice President-CEO Kiamichi Electric provides reliable and affordable electricity to members in Pushmataha, Leflore, Latimer, Atoka and Pittsburg Counties.
BALANCE SHEETS EQUITIES AND LIABILITIES
Current Liabilities Current maturities of long-term debt Lines-of-credit Checks written in excess of bank balance Accounts payable Customer deposits Other accrued liabilities Total current liabilities Deferred Credits Total equities and liabilities
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S TAT E M E N T O F O P E R AT I O N S Years ended 2018 and 2019
2019
Operating Revenues Operating Expenses Cost of power Distribution - operations Distribution - maintenance Customer accounts Customer service Administrative and general Depreciation Interest on long-term debt Interest on line-of-credit and other deductions Total operating expenses Operating Margin Before Capital Credits Generation and Transmission and Other Cooperative Capital Credits Net Operating Margin Nonoperating Margin Interest and dividend income Other nonoperating income Total nonoperating margin Net Margin
2018
$ 40,443,428 23,802,838 1,416,474 3,999,622 1,330,788 275,575 3,231,695 3,633,250 2,238,559 66,419 39,995,220 448,208 1,118,357 1,566,565 31,014
$ 38,363,623 23,653,110 2,046,528 2,444,958 1,151,886 290,080 3,164,072 3,336,915 1,918,330 235,752 38,241,631 121,992 1,330,660 1,452,652 31,267
60,824 91,838
111,406 142,673
1,658,403
1,595,325
Renewables Report 42% 42% Renewables Data collected from Western Farmers Electric Cooperative — KEC’s wholesale power provider — reflects generation during June 2020, which shows 37 percent of the power generated by WFEC came from renewable sources.
Then. Now. Always. We’re proud to power your life. October is National Co-op Month.
2019 OPERATING HIGHLIGHTS
46
476
5.3 4,171
357,000 #PowerOn 21,907
11¢
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operation round up
RECIPE
M O N T H LY U P D AT E Operation Round Up® is a voluntary bill roundup program that benefits local communities, organizations ,and needy families. Funding applications are available at Kiamichi Electric, local social services, or online at www.kiamichielectric.org. YEAR-TO-DATE COLLECTIONS 2020: $45,070.90 YEAR-TO-DATE DISBURSEMENTS: $26,915.78 TOTAL COLLECTED SINCE INCEPTION: $1,652,945.76 TOTAL DISBURSEMENTS SINCE INCEPTION:
$1,582,808.10
Fast English Muffin Pizzas INGREDIENTS
4 English muffins, split 1/2 cup canned pizza sauce 16 slices pepperoni
2 cups shredded mozzarella cheese
DIRECTIONS Preheat the oven to 375 degrees F. Place the English muffin halves cut side up onto a baking sheet. Spoon some of the pizza sauce onto each one. Top with mozzarella cheese and pepperoni slices. Bake for 10 minutes or until the cheese is melted and browned on the edges. Image and Recipe from AllRecipes.com
Energy Efficiency
Tip of the Month Clothes dryers make up a large portion of your appliance energy consumption. Clean the lint filter after each cycle, and scrub the filter with a toothbrush once a month to remove film and increase air circulation. Source: Energy.gov
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