annual meeting This year’s annual meeting of members took place at C-TEC on Monday, May 9th. Chairman Nelson Smith opened the business meeting. He introduced cooperative Directors before giving his chairman’s report. Smith shared news that our cooperative plans to retire capital credits for electric members this fall. This will be the first time our cooperative has been in a financial position to do this since 1990. John Klauder, Secretary/Treasurer, shared the treasurer’s report highlighting the cooperative’s financial performance in 2021. Members can read the full report on page 12. President & CEO, Todd Ware, gave a detailed update on the cooperative.
“We are starting to see the financial benefits of the commercial and industrial growth in western Licking County. We expect this to continue with Intel’s announcement. While we will not serve Intel directly, we are looking forward to the benefits of Intel being in our service territory. Our goal is to bring electric or natural gas service to many of the surrounding facilities. This growth will help offset our fixed costs and benefits all our members.” -Todd Ware Ware concluded his remarks by thanking cooperative employees, Directors, and members for their support throughout the year. The Board’s attorney, Joe Boeckman, announced the results of the Director elections. Boeckman is a partner in the BakerHostetler law firm. The results of the 2021 election are District 3, Brad Patton; District 7, Dustin Buckingham; and District 4, Mike Pettit. Retiring Directors Jack Schmidt and Dan Dupps were honored for their years of service to the cooperative. MYENERGYCOOP.COM
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