WELCOME MEMBERS!
2025 Annual Meeting | Saturday, March 22, 2025
Financial Report
Susan Knore, Vice President + Chief Financial Officer
REVENUE = $81.6 MILLION
OPERATING EXPENSES = $77.1 MILLION
MARGINS = $4.5 MILLION
ASSETS = $152 MILLION
DEBT / EQUITY = $152 MILLION
CAPITAL CREDIT RETIREMENTS = $2.9 MILLION
President’s Report
Tom Musick, President + CEO
Pioneer Mission Statement
Pioneer Electric Cooperative is committed to exceeding the energy needs and expectations of our consumer-members by providing safe, high quality and responsive service at fair prices
Safety
• Monitor use
• Bill Pay
• Report Outages
Energy Management
Estimated Bill Projection
Blackouts
Ohio Coal Power Plants
Transmission Investments
Investments in Distribution Infrastructure
Energy Policy Change
Electric Bill Breakdown
Depreciation, Taxes, Interest
Fair Prices
•Pioneer only charges for cost of doing business
• No revenue for 3rd party shareholders
•Margins above cost allocated back to consumer-members
•Provide cashback, capital credits retirements to members
Generation Transmission Distribution
Safety + Operations
Steve McClay, Director of Operations + Safety
Pioneer Believes in Safety
• Safety of our Employees
• Safety of our First Responders
• Safety of the Public
Linemen Experience
THEN NOW vs.
Future areas for consideration
Substation
Kennard
Troy
Roberts
Ft. Loramie
• Logan REC – Bellefontaine, OH
• Midwest Cooperative – St. Marys, OH
• Farmers REC – Glasgow, KY
• AES – Dayton, OH (x2)
• Broad River EC – Cowspen, SC
• French Broad EMC – Marshall, NC
Concern for Community
Jodi Borger, Manager of Communications + Marketing
Community ∙ Service ∙ Members
Relationships
Next Generation
Employee Culture
Powering Possibilities $21,000+
since 2018
