Clay-Union Electric holds annual meeting

Clay-Union Electric holds annual meeting The Clay-Union Electric Cooperative held its 2004 annual meeting on April 15 at the Wakonda School. The meeting was attended by 250 people, including 140 voting members, all of who enjoyed a meal served by members of the Wakonda Knights of Columbus prior to the business session of the meeting.

Jim Ryken, vice president of the Board of Directors, called the meeting to order. The minutes of the 2003 annual meeting were distributed and approved. Ryken then gave the presidents report, followed by treasurers report, presented by Gordon Andersen.

The election of the directors form District 4 and 5 was held. Through the process of petition, the names of Tom Larsen, District 4 and Jim Ryken, District 5 were placed before the voters as the sole nominees for the positions. Both Larsen and Ryken were elected by a unanimous vote.

Both Ryken and Cooperative Manager Paul Roberts gave updates on the business proceedings of the cooperative for the 2003 business year. It was noted that 2003 had been a positive year for the cooperative and its member-owners, with extra value services such as the satellite television program and the wiring department making important financial contribution.

It was also pointed out that once again the members of Clay-Union Electric received refund checks due to excess margins generated by all the business aspects of the cooperative. Also of note to the members was the fact that the past year marked the 16th year in a row of rate stability.

Special guests at the meeting who gave presentations to the audience included Audry Ricketts, general manager of the South Dakota Rural Electric Association and Greg Hollister, assistant general manager of East River Electric.

The 2004 annual meeting used a theme of "Your Reliable Energy Partner" to focus on the commitment that the cooperative makes to the members. In the face of industry change and challenges, both locally and on the national level, Clay-Union Electric continues to provide a reliable and quality electric service to its members, while maintaining both financial and rate stability.

Clay-Union Electric serves consumers in Clay, Lincoln, Turner, Union and Yankton counties.

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