August 2025
Official Notice
2025 Haywood Electric Membership Corporation
Annual Business Meeting August 7 Haywood EMC Board of Directors Election 2025 Three candidates are seeking election to 3-year terms on the Haywood EMC Board of Directors. The elected candidates will represent you on the board. Ballots were mailed, emailed, and available through SmartHub on June 9, 2025. Election results will be announced during the virtual Annual Business Meeting, airing at 7 p.m. on Aug. 7 via Haywood EMC’s YouTube page.
223,884,400 (64,612,349) 159,272,051
Other
Credits ies Deferred and Liabilit rs’ Equity Total Membe
ANNUAL REPORT
| 3
4,820,000 –
(122,026) 12,264,744 60,311,307
GOES
363,044 4,642,000 –
759
723
704
95,788,529
596
460,818
DOLLAR
........... 41% ed Power A Purchas ........ 32% g Expense B Operatin .... 12% ation ............... 7% C Depreci Expense............. 8% D Interest Equity ............... E Member
490
)
(149,764
13,359,830 63,943,303 99,077,274
Debt Long-Term for Lines of Credit provisions Accumulated postretirement - Current Benefits Healthcare payable Accounts s er deposit Consum d taxes and Withhel Accrued
For questions about this year’s Director Election and/or Business Meeting, please call our offices at 828-452-2281.The meeting will take action on the following matters:
A WHERE OUR
$48,168,589
35,847 15,000 5,044,899 726,650 2,338 1,901,735 12,510,622
2,913,352
$178,905,369
4,129,454 742,015 7,020 1,967,840 11,524,176
2,054,801
$170,041,857
CTED S CONNE
NEW SERVICE
2024
Right. Lineman providing mutual aid from Piedmont Electric Cooperative work to replace a broken power pole on a steep mountain side in Maggie Valley..
income Other equities
Debit Long-Term for Provisions Accumulated t rrent Postretiremen - Noncu Benefits Healthcare Liabilities Portion Current - Current
B
$170,041,857
$50,733,237
2023
pole after the Pigeon River’s floodwaters
receded in Clyde Middle. Lineman providing mutual aid from Southern Kentucky Rural Electric Cooperative work among flood damage in Cruso.
4,860,466 $178,905,369
The live stream will take place on Haywood EMC’s YouTube Channel—youtube.com/ @haywoodemc.
E
2022
Equity
capital hensive Patronage other compre Accumulated
Left. A first look at a damaged transmission
D
21,183
538
Members’
Affordability As a not-for-profit organization, Haywood EMC provides electricity at the cost of doing business. Unlike investor-own cooperative is not ed utilities, your in the business to make a profit. Instead, EMC exists to serve Haywood our member-own ers with the highest service at the lowest possible possible cost. In 2024, the cooperative hit milestone of 5 years a with no rate increases. In addition to affordable service, Haywood EMC continued its programs for energy information, advice and assistance to lower members’ bill through energy audits and the Project HEMC program. These services round up have been vital at a time where our members experience rising costs in nearly all other areas in their cost of living.
C
557,718 5,013 1,635,353 323,332 14,910,907 1,229,743
345,305 8,811,173
489
IES & EQUIT LIABILITIES
5,239,285 52,002 557,718 5,013 7,522 2,064,795
479
Debits Deferred Total Assets
3,256,323 4,280,171 3,411,322 1,420,492
1,102,264 -
416
Assets
nts cash equivale ents Cash and Cash Investm Temporary Receivable Accounts revenue Unbilled ble ts receiva portion Other accoun ble - current Notes receiva ble Interest Receiva s supplie and Materials ents Prepaym
A COMES FROM
DOLLAR
...... 76% tial .......... A Residen ............ 16% l ............... B Seasona ..... 7% rcial ............... C Comme ........... 1% l ............... D Industria
666,457 6,220,427
431
Current
429,425 41,123 5,961,679
2021
port Annual Re
5,487,449 3,682
2020
ted in associa Investments organizations property Non-utility ble Notes receiva Funds Restricted
WHERE OUR
5,395,083 155,275 3,612
ents
ty and Investm
Other Proper
2019
2024
$205,228,678 4 3,186,40 208,415,082 (60,734,302) 147,680,780
$218,951,159 4,933,241
2018
-at cost in service ss Electric plant work-in-progre Construction Plant n Gross Utility lated provisio Less- accumu ortization ation/am for depreci
2017
Utility Plant
B
2023 2024
ending
ASSETS
2015 2016
For years
The live stream process, introduced last year, is a change from past years’ Business Meetings. This new process will allow all member-owners to view the meeting and hear the election results without having to leave their homes.
The Annual Meeting stream will begin a few minutes before the 7 p.m. meeting takes place and will stay available for member-owners to view the meeting for 90 days following the Aug. 7 meeting.
D
C
SHEE T and 2023 BALA NCE December 31, 2024
Haywood EMC will hold its 2025 Annual Business Meeting to confirm the Director Election this August. This year’s Annual Business Meeting will be live-streamed online beginning at 7 p.m. on Thursday, Aug. 7.
1. The reports of Cooperative Offices, directors and committees. 2. The election of three (3) directors of the cooperative: DISTRICT NOMINEE District
Nominee Name
Term
1 2 3
Lucas Sorrells Jacqueline Pray-Hatch Clay Talley
3 years 3 years 3 years
3. Other business that may come before the meeting or any adjournment thereof.
Clay Talley, Secretary Haywood Electric Membership Corporation PERIODICAL
Haywood-0825-Wrap.indd 1
7/10/25 2:48 PM