I would like to invite every member to attend this year’s annual meeting Saturday, November 14, at the Fort Dalles Readiness Center at 402 W. Scenic Drive in The Dalles. The doors open for registration at 11 a.m. Lunch is served at noon.
We will have a catered buffet luncheon; musical entertainment; a guest speaker; reports from the board, manager, attorney and auditor; and the election of three board members for three-year terms. There will be prize drawings throughout the meeting.
The information booklets—including resumes of the candidates, the program of the day, financial reports, and the ballots for the director election—were mailed to each member October 29. The photos and resumes of the candidates are on pages 4 and 5 of this issue of Ruralite.
We look forward to seeing you at the meeting. If you are unable to attend, please mail your absentee ballot to Secretary, c/o Wasco Electric Cooperative, P.O. Box 1700, The Dalles, OR, or drop them by the office by Friday, November 13.
Board Member Retirement
After 18 years of dedicated service to the electric industry, Kelly McGreer will retire from the Wasco Electric Cooperative Board of Directors at the end of this year’s annual meeting.
Kelly began his career with WEC in 1997. He has served on numerous co-op committees and has served as board treasurer since 2010.
I want to thank Kelly for the countless hours he has dedicated to the members of Wasco Electric. His wisdom and leadership in the boardroom have truly made a difference in the cooperative.
Thank you, Kelly!
Rate Increase Effective November 2015
In late July, the Bonneville Power Administration announced a regionwide rate increase to both its power and transmission services.
The increase in wholesale rates stems from higher costs to operate and maintain the aging hydro system, higher long-term fish and wildlife costs, upgrades to an aging transmission system and the reduced revenues from surplus power sales due to lower market prices for energy.
Following much deliberation and review of the co-op’s financial forecast and revenue requirements, the board of directors, at its regular September meeting, approved a 7.5 percent overall rate increase to all rate schedules of the cooperative, effective with the November 2015 billing.
The rate increase is intended to cover the increased cost from BPA to its wholesale power and transmission rates, cover the cost of debt service to the loans for rebuilding the system the past several years, maintain reasonable cash reserves, retire accrued margins, and pay for increased costs of goods and services to the co-op.
We understand the hardships and frustrations many of our members face, but the board of directors must make responsible financial decisions for the overall well-being of the cooperative and continued reliability of the electric system for today and into the future.
Jeff Davis, General Manager