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2025 June LREC Powerline Press

Page 1

Powerline Press

NEWSLETTER

A Supplement of Oklahoma Living Published by Lake Region Electric Cooperative for its members.

2019 June December 2025

LREC Celebrates Another Record-Breaking Annual Meeting 1,797 Members Registered

Lake Region Electric Cooperative (LREC) proudly hosted its 2025 Annual Meeting in a convenient drive-through format at the Hulbert High School, welcoming a record-breaking 1,797 members under sunny skies and ideal weather conditions. The turnout marked the largest attendance in LREC’s history, highlighting the continued engagement of its member-owners and the convenience of a drive-through-style meeting. The meeting featured the cooperative’s annual trustee election, with four candidates vying for three at-large board positions. After votes were tallied, Randall Shankle received 1,425 votes, Gary Cooper earned 1,197, and James Walls received 1,129, securing their spots on the board. Stanley Young received 640 votes. LREC board members are elected at large, with the top three vote-getters filling the open positions. In addition to the trustee election, members from across LREC’s sevencounty service area—including Cherokee, Wagoner, Muskogee, and surrounding communities—who attended received a $30 bill credit and enjoyed the chance to win $3,500 in cash prizes. The grand prize of $1,000 was awarded to David Spears of Tahlequah. The first prize, $500, went to Douglas Parent of Wagoner, and the second prize, $250, was awarded to Erlene Cieloha of Porter. “Our Annual Meeting is an important opportunity to connect with our members and celebrate the cooperative business model,” said Glen Clark, Assistant General Manager. “LREC makes a difference because we are different. We are member-owned and locally operated. Our members have a direct voice through board elections, and unlike investor-owned utilities, our goal isn’t to generate large profits for far-off shareholders. When revenues exceed costs, we return the money to our members locally.”

Deidra Terrell working the drive-through board election.

As a nonprofit rural electric cooperative, LREC serves more than 26,400 meters across seven counties in northeast Oklahoma. The cooperative remains committed to delivering reliable electric service while staying true to its values of accountability and transparency and providing our members safe, reliable, and competitive services for today and tomorrow. 689200 Any member who did not make our meeting and would like to view our 2024 Annual Report financials can do so by visiting our website at www.lrecok.coop/annual-report

2025 ANNUAL MEETING HIGHLIGHTS 1,797 registered members were in attendance.

Randall Shankle, Gary Cooper, James Walls were elected to remain on the board (3 year term).

LREC business meeting shared the financial results of 2024. Including non-operating revenues, LREC closed the fiscal year with $122,227 in margins.


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