Trinity Valley Electric Cooperative (TVEC)

The electric board of directors approved the retirement of just over five million dollars in capital credits. These credits are based on the dollar amount each member purchases and can vary from member to member in year to year. The board approved the retirement of just over five million dollars in capital credit refunds this year. Current members will have a credit on their December bill.

The annual membership meeting included reports and updates regarding the operations of the cooperative and future expectations. The meeting covered the General Manager/CEO report, the auditor's report, the report of the nominating committee, and the election results. Other business included discussion of unfinished and new items. The cooperative celebrated its 75th anniversary of providing electric service to its members.

The meeting included a welcome address, invocation, posting of colors, determination of a quorum, reading of the meeting notice, and call to order. Key topics covered were the General Manager/CEO report, audit/financial report, nominating committee report, and election results. Discussions also included unfinished and new business, alongside a drawing of prizes. The cooperative reported on total meters served, total kWh sold, cost per kWh sold, total utility plant, and total miles of line. Financial data from the balance sheet and income statement as of December 31, 2023, were presented. The nominating committee submitted a candidate for the board of directors.

The meeting included the determination of a required quorum, reading of the notice of the annual meeting, reports from the General Manager/CEO and Audit/Financial teams, the report of the Nominating Committee, election results, unfinished and new business, and a drawing of prizes. Key discussion points included the cooperative's growth, challenges presented by the pandemic and Winter Storm URI, and commitment to improving response efforts.

The meeting included a welcome, invocation, posting of colors, determination of quorum, reading of the notice of the annual meeting, and the reading of unapproved minutes. The agenda covered the General Manager/CEO report, audit/financial report, Nominating Committee report, and election results. Discussions also included unfinished and new business, followed by a drawing of prizes and adjournment. The meeting highlighted the upcoming SmartHub platform update and recapped the 2022 fiscal year, emphasizing the cooperative's commitment to delivering safe, reliable electric power at a competitive price with strong member service and sound business practices.