Powerline Press
NEWSLETTER
A Supplement of Oklahoma Living Published by Lake Region Electric Cooperative for its members.
2019 June December 2024
1761 Attend LREC Annual Meeting
The 75th Anniversary LREC Drive-Through Annual Meeting of 2024 was a resounding success! Despite the threat of rain, the weather held, blessing Hulbert with a beautiful day. LREC witnessed an impressive turnout, with 1,761 members registering and actively participating, ensuring their voices were heard through the election of two board members to represent them on the co-op’s Board of Trustees. A business quorum was met with 5% of the registered members in attendance.
The membership approved last year’s business meeting minutes. As a token of appreciation, all registered members who participated in the voting process received a $30 bill credit and a commemorative 75th Anniversary Mug.
In the trustee election, three candidates vied for two available positions. Following the tally of votes, Scott Manes and Jack Teague received the most votes, earning the seats to serve a three-year term on the LREC Board of Trustees. The election operates on an atlarge basis, with the two candidates securing the highest number of votes claiming victory. Board election results: Scott Manes 1,363, Jack Teague 1,104, and Stanley Young 544 votes.
LREC’s CEO, John Lee, expressed his gratitude to all the members who attended this year and all the employees who helped with the Annual Meeting.
2024 ANNUAL MEETING HIGHLIGHTS 1,761 registered members were in attendance. Scott Manes and Jack Teague were elected to remain on the board (3 year term).
Randy Jones of Fort Gibson won the grand prize of $1,000, Jimmy Carey of Hulbert secured $500, and Celia Lozano of Tahlequah won $250.
“LREC is a non-profit electric cooperative that puts its members first and serves over 26,210 electric meters and over 12,300 fiber subscribers in seven counties in northeast Oklahoma. Excellent customer service, strong financial condition, and rate stability have been among the top drivers directing LREC long-range planning and day-to-day operations,” added John Lee, CEO.
LREC business meeting announced healthy financial successes. With non-operating revenues LREC ended the fiscal year with $7,070,060 in margins.