SHELBYVILLE —Shelby Electric Cooperative held its 76th annual member meeting Friday, June 13, at the Shelby County 4-H Fairgrounds, Shelbyville, where members were served a barbeque pork chop lunch, heard reports and exercised their democratic privilege by electing members to the board of directors.
During the meeting members elected Larry Durbin of Shelbyville to the District 4 position. Darrell Shumard had filled this role, serving as Chairman of the Board. Brian Halbrook, of Shelbyville, will replace Jeff Standerfer, Secretary, in the District 5 position. Both men will serve a three-year term.
In his report, Board Chairman Darrell Shumard of Stewardson shared the accomplishments of the co-op during his 21-year tenure and addressed a number of issues including finances, investment in Prairie State Energy Campus, a 30-year low-cost fuel supply and deployment of Broadband. He highlighted Shelby Electric Cooperative, saying, “We had the highest customer satisfaction index score in the state among electric distribution utilities, both cooperative and investor-owned.” He reminded the members that Shelby Electric is audited annually and the financial report is published each year and available to members. He closed saying, “This Board has worked hard at providing you with the services that you – the members – have requested. We have spent hours making decisions on expenditures, decisions based on what was best for our members, to have dependable, low-cost power.”
President/CEO of Shelby Electric, Jim Coleman, informed members about the business of the Cooperative, including the facility charge, net metering, finances and capitol credits.
“Your facility charge pays for everything to build, maintain and supply the plant so it can deliver the electricity you use,” Coleman explained. “While we raised the facility charge to $52, we lowered energy cost about 5 percent.” The plant has 2,200 miles of line composed of 45,000 poles (installed cost of $570 each), 8,000 transformers ($1,300 each) and substations at $1.3 million. This is to serve 10,000 members, 4.5 members per mile of line.”