Annual Meeting Event Details
Saturday, February 4, 2017
at the Callaway Electric Office - 1313 Cooperative Drive, Fulton
Registration 10:30 a.m. - 12:15 p.m.
If you have your February issue of Callaway Electric News, be sure to bring the registration card located on the front cover of the issue. If you do not have one, our customer service folks will be able to look you up at the registration desk.
Lunch 11 a.m.-12:15 p.m.
Members and their families can enjoy lunch served by Lee's Famous Recipe Chicken
Business Meeting 12:30 p.m.
Plan to stay for the business meeting and director election. Hear reports from the manager and officers of the cooperative. At the conclusion of the meeting, there will be a drawing to award certificates for free electricity.
From the President and CEO/General Manager
It’s an honor to extend an invitation for you to attend Callaway Electric Cooperative’s 81st Annual Meeting. It will be held Saturday, February 4, 2017 at the Cooperative headquarters in Fulton, MO.
The Cooperative business model is founded on seven basic principles, one of which is Democratic Control – one member, one vote. The primary purpose of the Annual Meeting is a business session which is the time when the membership approves reports, elects directors to represent the membership, and votes on any proposed bylaw amendments.
Following the format of past Annual Meetings, this year will start with registration at 10:30 a.m. then lunch, served by Lee’s Chicken, from 11:00 a.m. to 12:15 p.m. The business meeting will convene at 12:30 p.m. Prior to the business session there will be free blood pressure checks and hearing tests, along with booths with information available on electrical safety, energy efficiency, legislative issues, Callaway Propane, Callabyte Technology, etc.
Overall, 2016 was a good year for Callaway Electric Cooperative. Although sales were below budget, we were able to end the year in sound financial condition. Nearly $1 million in capital credits were retired to the membership, being applied as a credit to the December electric bills. We continued with maintenance to the electric system and right of way. As always, safety is a priority. Callaway Electric Cooperative has achieved close to seven years without a lost time accident, a feat that should make not only our line crews, but the entire membership proud. Efforts are continual in keeping our work force and the public safe. Also during 2016 we expanded the Fiber to the Home (FTTH) project via Callabyte Technology, LLC. Callabyte provides high speed broadband, video and VoIP services to homes and businesses. Although Callabyte is in its infancy, the business is growing and expanding. Callaway Electric Cooperative’s triennial survey was completed this past year and the membership’s response resulted in an American Customer Satisfaction Index (ACSI) rating of 85. This tells us that overall the membership is pleased with the service the Cooperative is providing. We appreciate the member’s confidence; however, we don’t take it lightly. We are always working to meet the member’s expectations. Our goal is to provide safe, quality and reliable electric service at the lowest cost consistent with sound business practices.
As you may have read in last month’s issue of the Rural Missouri, 2017 will include a rate increase. It results in a 5.4% annualized revenue enhancement to Callaway Electric Cooperative. It will be effective with the March 23 usage and first appears on the May 1 bill. The primary reasons for the increase are a 2.8% annualized increase in the Cooperative’s wholesale power costs and an increased effort in right of way maintenance.
There will be efforts throughout the next few years to expand the FTTH project. Provided certain criteria within the feasibility study are met, Callabyte will continue to grow throughout the Cooperative’s service area. A separate article and map of the proposed phases are contained on page 4 of this issue. Primary reasons for Callabyte and the FTTH efforts include controlling and operating the electric distribution system and enhancing the internet protocol services available to the Cooperative’s membership. This provides not only business and educational opportunities, but also the ability to work from home.
The Cooperative’s focus in 2017 will not be limited to Callabyte. We will continue with line and pole inspections. Maintenance of the aging system is an ongoing process. As our outside costs increase we are constantly seeking ways to control our expenses and deliver to you more value for your cost of electricity.
The electric industry continually faces legislative challenges and opportunities in Jefferson City and Washington, D.C. At the present time it is uncertain how the recent election may change our future. Updates will be provided during the Officers reports at the Annual Meeting.
Please mark your calendar and plan to join us February 4. It will be a day filled with Cooperative business, good food and fellowship with your friends, neighbors and fellow cooperative members.
We hope to see you at the meeting,
Charles R. Schmid, President
Thomas W. Howard, CEO/General Manager