Successful 79th Annual Meeting for Randolph EMC
June 16, 2017, Asheboro, N.C.— Randolph Electric Membership Corporation (REMC) celebrated its 79th annual meeting of the membership Friday, June 16, 2017, at Southwestern Randolph High School. Members enjoyed free homemade ice cream, various informational displays, live safety demonstrations and the chance to win more than 100 door prizes.
During the business meeting, three incumbent directors were re-elected: Bob Wright to District 2; Jerry Bowman, District 4; and Tammie Phillips, District 7. Board President Bob Wright said the cooperative returned $2.5 million in a general capital credit retirement, and an estimated $530,000 to members’ estates. “These are significant dollars and demonstrate how REMC’s cooperative business model works just as well today as when it was established 79 years ago,” Wright said.
Sue Spencer, Secretary-Treasurer on REMC’s Board of Directors, reported that the cooperative brought in revenues of $63 million and had expenses of $59 million. The largest expense was purchased power, accounting for nearly 56 percent of all of the co-op’s expenses for 2016. The cooperative has total assets and liabilities of $162.2 million.
Communications and Outreach Specialist Kathleen Duckworth, shared reports of the cooperative’s many community contributions in 2016, including $10,000 in education grants through the Bright Ideas grant program and $21,000 to REMC families and nonprofit agencies through the People Helping People program. Members also enjoyed hearing recent Eastern Randolph High School graduate, Sara Pippin, share her experience of being Randolph EMC’s 2016 Youth Tourist.
Michael Trent, Director of Innovative Energy Solutions, highlighted the many ways Randolph EMC is providing new programs and services to help save energy through various digital platforms. Some of the co-op’s new technology includes an online member service portal and mobile app, SunPath Community Solar®, and REVUP™ – Randolph EMC’s Electric Vehicle Utility Program.
Trent encouraged members to especially utilize the usage history charts, which are available to residential members when they log in to their account online at RandolphEMC.com. As a former energy use advisor, Trent said, “The MyUsage charts and high usage alerts available through the online Member Service Portal are truly two of the best tools ever offered for managing your energy use. This is because they allow you to track and control your energy use and costs all during the month. You don’t have to wait to see how much your electric bill is going to be at the end of the month—you’ll already have some idea.”
Dale Lambert closed the evening with the CEO’s report. Lambert stressed the importance that the REMC board and management team has placed on strategically planning for the future, saying, “part of this plan is a new vision for the cooperative that helps drive our actions every day – to deliver exceptional service, and to provide tools and options that empower our member-owners.”
Lambert continued to speak on topics such as the new Asheboro substation, a new outage text alert program coming soon to member-owners, as well as the impact of coal ash costs and how government regulations effect the cooperative. He closed his report by mentioning the next meeting location of the member meeting series known as REConnect meetings. He encouraged the membership to attend on August 22, 2017, at Pleasant Hill Christian Church in Liberty at 6:30 p.m. More information can be found about any of the services and programs mentioned here at RandolphEMC.com.