Lake Region Electric Cooperative

The Board of Trustees meeting agenda included staff reports covering marketing and member relations, finance, and engineering and operations. New business items focused on approving new and rescinding disconnected memberships, selecting voting delegates for the NRTC's and CFC's Annual Meetings, and potential action on a $9,000,000 loan from CoBank to LRTC for the Fort Gibson Project, as well as approval of the Operating Agreement for LRTC. The Board also planned to discuss changing the February 2026 Board Meeting date and the President's attendance at the OAEC Legislative Reception. Reports were also scheduled from KAMO, OAEC, Legal Matters, the Chief Executive Officer's LREC Report, and the LRTC Financial and Operations Reports.

This document outlines the foundational principles for Lrec, serving as guidelines for setting strategic goals. Its mission is to provide safe, reliable, and competitive services to its members. The organization operates under five core values: community-minded, responsive, unified, flexible, and innovative, which guide internal and external interactions. Additionally, Lrec adheres to seven cooperative principles, including voluntary membership, democratic control, member economic participation, autonomy, education, cooperation, and concern for the community.

The annual meeting included reports from the CEO and financial updates. The election results for three trustee positions were announced, with Gary Cooper, Randall Shankle, and James Walls elected for three-year terms. There was no old or new business discussed. The meeting was adjourned, and attendance prizes were awarded.

The meeting included reports from the CEO and financial updates. Members discussed old and new business, and election results for the Board of Trustees were announced. Attendees were entered into prize drawings. The cooperative is working to bring fiber internet, HD TV, and home phone services to communities and is planning to build 3,000 miles of fiber optic lines.

The meeting included staff reports on marketing and member relations, financial status, and engineering and operations. New business involved approving new memberships, selecting a CFC voting delegate and alternate, approving director attendance at a meeting and banquet, authorizing the retirement of capital credits, and resolutions to authorize opening a bank account and a loan from CFC. Additional updates were provided on KAMO and legal matters, along with reports from the CEO, LRTC financial status, and LRTC operations. The agenda also covered the approval and adoption of wage and salary scales, review and approval of employee pay adjustments, and a CEO evaluation.