General Manager Randal Wilkie shared some of the latest figures in his manager’s report during the November meeting of the Cherokee Electric Cooperative Board of Directors.
“From the financial and statistical report, you will see that the revenue for the current month reflects a net margin of $45,553.20,” said Wilkie. “This will be a monthly TIER of 1.345 and will bring our year to date margin to $2,156,015.20 with Year To Date TIER of 2.677. These figures show our financial health as steadily improving.”
Wilkie also updated board members on the AMR Meter Reading Service.
“The AMR project continues to do well, with only minor problems, which are being resolved as they are identified,” said Wilkie. “I have ordered retrofitted meters to begin the Gaylesville substation A.M.R. installation. The bolt-in and CT meters for Sand Rock and Whitesboro have not been received, but are expected this week.”
CEC crews, Wilkie said, are currently working Saturdays trimming and chipping limbs.
“This has worked very well to get our right of way in better condition before winter,” said Wilkie.
TVA is planning a two-hour outage for all of Leesburg substation after midnight Dec. 30, Wilkie said, which will be advertised in the local papers and radio stations. “The outage will be to switch on the new Collinsville TVA substation,” said Wilkie.
CEC, Wilkie said, has been negotiating to make CFC loan payments on line instead of by check.
The Board also agreed to provide up to $5,000 for CEC Lineman to participate in the annual Lineman Rodeo.
“I think this will inspire younger linemen and present a good image for the co-op,” said Wilkie. “It makes them more safety-conscious.”
Board President Rev. Melvyn Salter commended the linemen on how well they performed in last year’s rodeo.
Donald Guttery, safety officer for CEC, noted that CEC linemen participated in a safety exercise in last year’s event in which they were to do a rescue operation from a 40-foot pole. Every CEC participant completed the exercise in less than three minutes, he said.
In other business, the board:
-voted not to pay annual dues for the co-op’s membership in North Alabama Industrial Development Association.
-approved the new members’ list as presented
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