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July's 2005 Articles

Annual Meeting Review

 

Annual Meeting Review

Regardless of the sweltering heat, another large crowd gathered Monday, June 13th, for the 68th annual meeting. 333 members registered for the meeting with well over 600 people attending.

Pastor Richard Cryder of the Lafayette Federated Church opened our meeting. Chairman Jack Haggerty introduced the board of director, staff and employees, as well as our special guests Frank Betley, CEO of Continental Cooperative Services (CCS), and Brian Stavish, CFC representative.

Treasurer Ray Cordts announced the financial news from 2004. His highlights included:

    • SREC had operating revenues of $16,317,308;
    • 2004 margins of $609,603;
    • Equity increased by $609,603;
    • Investment in plant increased by $1,742,690.

Chairman Jack Haggerty reminded everyone of one key difference between investor owned utilities and the co-op: One member, one vote. He stated, “We all have 1 vote. I have 1 vote, each of you has 1 vote.” No one has more control than the other.

Haggerty also addressed the following issues:
    • The continued operations and expansion plans at Picatinny Arsenal;
    • Completion of our automatic meter reading system;
    • Thanked our line crews for their dedication, not only to our co-op, but to our sister co-ops who were in crisis in 2004;
    • Plans on retiring $551,334 in capital credits in November/December.

Next, guest speaker Frank Betley got quite a chuckle out of the overheated crowd when he asked for a
Chairman Jack Haggarty, Jr. and CCS CEO Frank Betley pause for a photo after the meeting.
vote for permission to remove his jacket. Betley went on to comment regarding the nation’s oil sensitivity and how rural residents, especially those in the Northeast, are harder hit by the situation.

The good news in all of this, Betley reported, is that the New Jersey & Pennsylvania electric cooperative power costs are not directly dependent on oil prices. The electricity you receive breaks down this way: 62 percent generated from nuclear energy (based on a 10 percent cooperative ownership share of the Susquehanna Steam Electric Station located in Luzerne County), 4 percent from the cooperatively owned Raystown Hydroelectric Project in Huntingdon County, and another 6 percent purchased from large hydropower facilities on the Niagara River in upstate New York. Of the remaining 28 percent - bought off the wholesale market - most comes from coal-fired power plants.

The bottom line, said Betley, is with little upward pressure, the price of cooperative electric generation should hold relatively steady into the foreseeable future.

Next, our attorney Rick Hollyer of Dolan & Dolan in Newton, conducted the board election process of the meeting. Since the incumbents ran unopposed, Hollyer requested and received a motion to cast a
Co-op member and Vernon H.S. Art Teacher Lisa Hirkaler conducts our arts & crafts program.
unanimous ballot. Therefore, Jack Haggerty, Jr. (District 1), Bill Kovach (District 2), and Ray Cordts (District 3) were all reelected. At the reorganization meeting held after the annual meeting, Haggerty was reelected Chairman, Bill Kovach elected Vice-Chair, and Ray Cordts was reelected Secretary/Treasurer.

President & CEO Bob Kolling introduced the Youth Tour Students and their chaperones. This year’s students are Glen Karnas of High Point and Loralyn Brinster and Anthony Cwirko of Vernon. On this 20th journey to Washington, DC, chaperones will be Carol Speck and Alison Stormes.

Kolling then presented his report by commenting how welcomed he’s felt since moving here from Ohio in October 2004. He reminded the membership, “We’re here for you! Please don’t hesitate to contact me personally with any concerns or questions.” Praising both the employees and the board for their dedication to the co-op, Kolling remarked that this makes his job easier.

Mentioning that our 2005 Member Satisfaction Survey is currently underway, Kolling asked the members in attendance that if they’ve received surveys, to please complete and return them. Your opinions matter and the results of these surveys help us with improvements to existing programs and processes as well as developing new plans. This fall, member meetings will be held to discuss the outcome of the survey, Kolling said.

Kolling’s final duty at the meeting was the prize drawing that brought cheers from the audience. This year’s meeting feature 3 times the amount of prizes and a great grand prize - a 24” DVD/VCR Combo TV!

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News & Events


SUSSEX / WANTAGE :
• Christmas in July - The Chinkchewunska Chapter of the Daughters of the American Revolution is holding an Open House Christmas in July celebration July 22, 23 and 24, 2005. Crafters are needed. Space is available for one, two, or all three days. For information please contact Wendy at 973-383-0015.

• Sussex Kiwanis - Sussex Kiwanis meets the 2nd and 4th Wednesday of each month at the Bella Vita Restaurant located on Route 23 & Libertyville Rd., Wantage.

• Firemen’s Bingo - Bingo will be played every Sunday evening at the Beemerville Fire Hall. Doors open at 5 p.m. Bingo starts at 6:15. Refreshments available. For more information please call 875-2972.

• Ladies Auxiliary of the Sussex Fire Department-This group was formed many years ago for the sole purpose of actively supporting the Sussex Fire Department. The Sussex Fire Department is a volunteer, self-funded, non-profit organization. We support the organization by our very active fundraising campaign (to provide the emergency service volunteers with costly safety equipment that they would not be able to purchase otherwise) and by providing refreshment at rescue scenes and Bingo. Contact Michelle Clark at phone: 973-875-6848 / fax: 973-948-0292

VERNON:
• Cancellation of Recreation Board Meetings - Please take notice that the July 5 and August 2, 2005 meetings of the Vernon Township Board of Recreation have been canceled. The next meeting will be held on August 16, 2005 at 8:00 p.m. in the Vernon Township PAL Building, 25 Church Street, Vernon, NJ.

• Paving the Way for Main Street - By mid-July, road construction for the Town Center Road will have begun. Construction will be within the limits of the new road alignment and should not cause any unnecessary delays to the traveling Public

• Senior Summer Festival - July 20th - Vernon Township Senior Citizens are pleased to announce the Senior Summer Festival at the Platzl Brauhaus. Cost per person is $40.00 for Vernon Resident, $45.00 for non-resident. Fees are non-refundable. Bus departs the Municipal Building at 9 a.m. sharp and will return approximately 6:30 p.m. Last day to signup is July 1st. Space is limited, first come first serve. To sign-up, see Julie at the Senior Center or call 973-764-4055 ext. 2294.

• Bingo Mondays - 6:00pm Monday. Games begin at 7:15pm Vernon VFW, Route 94, Vernon. Call 973-764-9380

• Blood Pressure Screening - The Vernon Township Health Department conducts a free blood pressure screening every month from 10-11am on the first and third Tuesdays. The screening is open to all Vernon residents. No appointment is necessary.

• Vernon Kiwanis - They meet at 7:30am on the second, third and fourth Tuesdays of every month at Vernon High School. Call 973-827-1188.

COUNTY WIDE:
• The NAIW-SC holds it’s monthly meetings at the Spring House, Spring Street, Newton on the forth Monday of the month. The cost is $22. Please contact Donna Wiik at 973-764-8481 for reservations.

• Habitat for Humanity - Looking for volunteers
of time, talent or materials. Call John or Terry at 973-383-8882.
• Veterans’ Transportation - Free door-to-door bus service is provided to Lyons and East Orange VA Medical Facilities for Sussex County veterans. Tuesdays and Thursdays. Call 973-579-0480.

• The Center for Families with Special Needs, Inc. - Is a support group with a mission to provide parents with connections to already existing services that would benefit special needs children and their families. For more info, call 973-827-4419

• Pass it Along - Sussex County is in desperate need of canned goods and non-perishable food for the local food panties. Pass it Along is asking groups of all ages to hold a food drive. Whether you are in a youth group, Boy Scout troop, church, or place of business, please consider collecting food for Sussex County’s families in need. Call 973-726-9777 or Email: volunteer@passitalong.org

• Daytimers Retirees’ Group - Make some new friends by joining this very interactive retirees’ group where they exchange ideas and share experiences, hobbies and plans for the future. Free. To register, call 800-336-5273 or visit www.saintclares.org and register online.

• Meals on Wheels - Is seeking volunteers to deliver a mid-day meal to homebound seniors in Sussex County. It would just take an hour of your time one day a week. Call 973-383-3123.

POSTING OF ANNOUNCEMENTS:
If you would like to list your clubs and/or organization event you can call, stop by or even e-mail us with the information. Currents is published monthly, all submissions must be to SREC by the 10th of the prior month of the event.


E-mail to: info@sussexrec.com. We reserve the right to edit any requests.



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