West Kentucky Rural Electric Cooperative Corporation

The annual meeting addressed several key business items. The Chairman reported that a quorum was established, and motions were passed to dispense with the reading of the roll call, the Notice of Meeting, and the Proof of Affidavit of Mailing. The Treasurer's report detailed the financial condition, noting an addition of $1,598,976.00 to member equity, resulting in 51.20% total equity, and mentioned rate actions taken in 2024 to counter inflation. The President's report discussed reliability, affordability, and the impact of rising electricity demand driven by population growth and cryptocurrency/AI data centers, which necessitates costly new generation capacity from the Tennessee Valley Authority (TVA). The primary order of business involved the election of directors for Districts 1, 3, and 4. Robert "Bob" Hargrove (District 1) and Troy English (District 4) were declared elected by acclamation. Kenneth "Pete" Galloway was elected Director for District 3 over incumbent Chad Willett based on electronic ballots. No old, new, or unfinished business was addressed.

The meeting included an invocation and pledge of allegiance, followed by introductions of the board of directors and recognition of scholarship recipients. The financial report highlighted member equity, operating expenses for right-of-way maintenance, and debt management. The CEO's report focused on the cooperative's reliability, resilience, and responsiveness, emphasizing the importance of reliable electric service and community engagement. The meeting concluded with the election of directors for specific districts.

The annual meeting included reports from the Treasurer and President, focusing on the cooperative's financial stability, member equity, and operating expenses. Discussions covered the impact of legislation like the Clean Air Act and the influence of the EPA regulations on electric generation companies, including the shift towards renewable energy sources. The meeting also addressed the election of directors for various districts, with unopposed nominees being declared as elected.