Welcome To The Cooperative
The Cooperative is your business. After all, you own it. When you signed
up with Verdigris Valley Electric Cooperative for electric service, you became
a member/owner. You elect the leadership and together you chart the progress
of the Cooperative.
The Privileges of Membership
VVEC holds an annual meeting of members each year during the month of October
and all members are encouraged to attend. Notice of the annual meeting is mailed
to each member of the Cooperative prior to the meeting stating the date, time
and place. You will also receive an Annual Report stating the financial condition
of the Cooperative.
Cooperative business affairs are managed by a Board of Trustees consisting
of nine members. The five-county service area of the Cooperative is divided
into nine districts with one Trustee elected from each district. These Trustees
are elected to the Board at district meetings in accordance with the bylaws
of the Cooperative. The Board, in turn, hires a General Manager who is responsible
for the daily work and the employees of Verdigris Valley. The Board meets with
the General Manager and other staff members monthly to discuss issues which
require action by the Board.
Verdigris Valley operates as a nonprofit organization. Therefore, all monies
in excess of the operating costs and expenses of providing electric power to
its members are credited to a capital credit account for each member. The amount
allocated to your capital credit account is based on your annual amount paid.
This account is your investment in your Cooperative!
|