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November 22, 2013

Unplugged Roulet Report For various financial reasons, WFEC has been required to maintain two credit ratings from either Standard & Poors (S&P), Fitch or Moodys. WFEC uses S&P and Fitch and has either a BBB+ or Afinancial credit rating. As WFEC has migrated from a solely Rural Utilities Service (RUS) Borrower of money to a market borrower, credit ratings become even more necessary. Today, WFEC has a syndicated line of credit with CoBank and a separate Line of credit with CFC. Both total $300 million dollars. Additionally WFEC borrowed (up to $100 m) through our Indenture last year to fund a group of projects that required quicker in-service dates than the RUS process could provide. While we still try to borrow from RUS most of the time, having other sources of funds is to our advantage. A credit rating review by the ratings agencies is done each 18 months, and is a pretty detailed review of WFEC’s Income Statement and Balance Sheet, as well as future financial forecasts and how well WFEC is positioned for future years. Late this fall, WFEC will go through the review with S&P and possibly Fitch. Credit ratings are helpful because the banking industry is not as well educated about cooperatives as they are with publicly traded utilities and the amount of borrowing capability and interest rate are closely correlated to the credit rating. None of this process is new, and staff has been going through these reviews for many years. It is a part of WFEC’s business thatmany employees do not know exists. It is a common misconception that WFEC borrows all funds from RUS and are somehow different from other utilities. Making adequate margins, increasing equity, and reaching financial goals is the same for WFEC as any other utility. The cooperative difference lies in who the stockholders are, and in our case they are our members and owners.

Goal: One MILLION MESSAGES BY MARCH, 2014 Spread the Word

Tell the EPA that you want affordable electricity by visiting:

Mike Anderson and Curtis Price showing off their firefighting skills during the hands on portion of the Annual Plant Fire Training held by Simplex Grinnell at the Anadarko Plant.

CECU Can Help You This Holiday Season... Christmas Loan Special $2,000 Maximum 12 months 9%, as low as 5%* Starting November 25, 2013 Ending December 27, 2013 *Use CECU debit card for loan proceeds and get an extra 1% off the stated rate. A total of all unsecured loans can not be over $6,000 to any one member. Unsecured loans consist of: Signature, Christmas & Student. *Members who have less than 30% debtto-income ratio, no collections and no late payments within the past 2 years; no bankruptcy; and no judgements qualify for a 3% less than stated rate. First payment must be made on or before January 3, 2014.

December Skip-a-Pay


ow is the time to take advantage of this member’s only program just in time to spread some holiday cheer. The Skip-a-Pay feature allows members in good standing to defer Credit Union loan payments for 1 month. Once approved, enjoy the extra cash for whatever you may need. It’s an easy and simple process.

. . . .

The following conditions apply: A $10 fee applies per loan, up to a maximum of $40 for 4 or more loans. Interest will continue to accrue on your loan balance. The next minimum payment will be due as usual the following month. The deadline for signing up is December 2, 2013.

This option is not available for Christmas or interest only loans.

For more details, call or come by CECU.

JFK and the Co-op Connection

By Steven Johnson | ECT Staff Writer

NRECA General Manager Clyde T. Ellis was already looking forward to President John F. Kennedy’s second term when he accepted a presidential adviser’s invitation to sort through rural issues over lunch at the White House. President John F. Kennedy met Dec. 14, 1961 with NRECA officials, including General Manager Clyde T. Ellis (right). (Photo By: Abbie Rowe/White House Photographs/John F. Kennedy Presidential Library and Museum, Boston) Ellis had forged a close bond with Kennedy and eagerly marked the date on his calendar—Nov. 25, 1963. Instead of dining at the White House that day, Ellis was one of millions of mourners who watched Kennedy’s funeral cortege pass through the streets of Washington, D.C. “From where we sit in this great rural electrification crusade, we say to the memory of President John F. Kennedy, our very dear personal friend and friend of the program, ‘Well done, and thank you,’” Ellis reflected a few weeks later. On the 50th anniversary of Kennedy’s assassination, it’s important to realize that his administration was about more than charm, the Cold War and a dreadful day in Dallas, said Ted Case, author of Power Plays, a book about presidents and electric co-ops. “My research showed an amazing relationship between Kennedy and electric cooperatives,” said Case, executive director of the Oregon Rural Electric Cooperative Association. “Being from Boston, you would not think of him as a natural fit for co-ops, but when he got on board, he did so in a huge way.” Kennedy first reached out to Ellis while he was a U.S. senator. In 1958, Kennedy addressed an NRECA regional meeting in Burlington, Vt., and wowed the NRECA annual meeting the next year when he went on stage after President Eisenhower, who sought to raise Rural Electrification Administration loan rates. “Whereas Ike got one applause when he went in—I walked in with him—and one when he was introduced … and one at the end when he left, I think it was eighteen applauses Kennedy got in his address besides at his introduction,” Ellis recalled in an oral history for the JFK library. As president, Kennedy routinely hosted Ellis and co-op representatives in the White House. In the week after the Cuban Missile Crisis, he oversaw the November 1962 agreement between NRECA and the U.S. Agency for International Development that has used the electric co-op model to bring electricity to more than 100 million people worldwide.

He believed that if you could establish democratic institutions in Latin America, you could stop another Cuba,” Case noted. “It’s been a huge success story and I think it’s something he would be very pleased with 50 years later.” During his term, Kennedy eloquently advocated for hydropower development, loosened REA operating policies and dispatched an aide as a personal emissary to electric co-ops. Other co-op priorities were stuck in the pipeline, though, partly because of bureaucratic foot-dragging and partly because Kennedy’s presidency was so brief. On Sept. 23, 1963, Ellis told Kennedy about the enthusiastic response to electrification at organizational meetings in Latin America. “He would just go wild over these programs,” Ellis said. It was the last time he met with Kennedy at the White House.

Case believes the relationship between Kennedy and electric co-ops holds lessons for today. “What Kennedy shows is that politicians can evolve and become great 05732 supporters of our program. It is an education and if we rely only on rural legislators, we will fail because there is not enough of them,” Case said. “We need to focus on the urban legislators who might not have co-ops in their districts. It happened with John Kennedy.

Snap Your Way Happier with Mindful Photography Being grateful for your blessings is proven to lead to long-term happines, but stopping to take stock of that bliss is harder than it sounds. Or is it? New research into what’s called “mindful” photography reveals snapping just five photos a day of something that makes you happy - anything from a pet to a pretty flower - sends your mood and your appreciation of the good in your life skyrocketing. That’s because pausing to notice these small pleasures, and taking a photo of them - slows life down just long enough for you to savor the joy of the many blssings in your life you may not normally appreciate. Suggestion: Every so often, send pictures on your phone to be printed at Walmart or other on-line photo creator, or make a scrapbook of your favorite photos.

Source: womens day.

Energy Efficiency Tips Keep electrical safety top of mind during busy holidays Nearly every household uses extra electricity during the holidays—for cooking, decorating and heating the house to everyone’s satisfaction. Take extra care to use electricity safely, and to ask family members and house guests to do the same. Some tips: One of the riskiest holiday behaviors is overloading your electrical outlets. Plugging strand after strand of outdoor or tree lights together, plugging them into an extension cord and plugging that into an outlet will overload the outlet. Plugging multiple strands of cords into a power strip does not add any juice to the electrical circuit that powers the outlet you plug the strip into. Check decorative lights for damaged cords, plugs and sockets. Replace anything that’s frayed, cracked or broken. Buy cords that are certified by Underwriters Laboratories; look for the UL symbol on the package. Don’t run cords under rugs, carpets or baseboards. This creates a fire hazard. When you put up outdoor decorations, avoid stringing lights in trees 03785 near power lines. Fasten outdoor lights securely with insulated staples, never nails or tacks. Keep electric lights away from decorative metal trees. Keep all light strings out of reach of small children and pets.

Christmas EnerCom Photos Due By Nov. 22 Please submit your child/children’s photo for the Winter Quarter (Christmas Edition) of the WFEC EnerCom. We would like to include them in this special holiday publication for all to enjoy. Please turn a high quality photo in to Sondra Boykin or Maria Crowder (Communications Dept. – second floor – headquarters) by Friday, Nov. 22. All photos will be returned after printing in late December. Please do not write their names on the back of the actual photo because when photos are stacked, the ink may come off onto the photo underneath. Please use a sticky note or similar item for names. If you have a high quality digital photo, you may send that to: or Please include the following information: Child/Children’s Names: _______________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ Parents:_____________________________________________________________ ___________________________________________________________________ Job Title/Location of WFEC Employee:_____________________________________ ___________________________________________________________________ ___________________________________________________________________

Happy Birthday wishes go out to all WFEC employees enjoying a birthday. Have a wonderful day!

Josh Massie Darwin Head Steve Black Dustin Red Thomas Henry Mica Holbrook Dustin Brownfield Johnny Long Steve Feltman Lon Ross

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Bobby Wallace Mick Hall Wayne Foster Ken Wilcox Mike Doyal Ron Dickinson Jennifer Williams Zach Low J.D. Lewis Priscilla Haywood

Thanks: “ For each new morning with its light, For rest and shelter of the night, For health and food, for love and friends, For everything Thy goodness sends.” ~Ralph Waldo Emerson

Hidden Employee Numbers Sorry, Linda Barrow and Nick Nixon did not employee numbers in the last issue. You could be the next winner of a $10 Logo Room credit. If you find your employee number in this edition, call Brittany Hicks at Ext. 4335. Please use your credit before the next payday if possible.

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