Official business at the OEC Annual Meeting
Review voting information and OEC’s 2025 financial overview before the Oct. 2 Drive-Thru Annual Meeting.
Those attending the Drive-Thru Annual Meeting on Oct. 2 will have the opportunity to take an active part in their cooperative by conducting official business.
Members will be asked if they approve minutes from the 2025 OEC Annual Meeting, as well as the 2025 financial statements. If a quorum of 5% of OEC’s members register at the Drive-Thru Annual Meeting, votes will be tallied and reflected in the meeting minutes.
Register at the Drive-Thru Annual Meeting
Members may arrive and register at the Lloyd Noble Center parking lot at any point between 10 a.m. and 6 p.m. Friday, Oct. 2.
Please bring the ballot you receive in the official invitation mailer. You will hand your completed ballot to an OEC employee when you arrive at the registration tent.
Beginning at 7:15 p.m. on OEC’s YouTube page, there will be a brief business meeting and the drawing of four $500 grand prizes.
This will conclude this year’s Annual Meeting. Members can also provide feedback through a survey link included in the program distributed at the event.
Find complete event information at OEC Annual Meeting.
2025 financial overview
Consolidated balance sheet
| 2025 | 2024 | |
|---|---|---|
| Net Utility Plant | $492,020,157 | $483,668,578 |
| Other Property & Investments | $80,020,553 | $76,745,469 |
| Current Assets | $29,799,421 | $29,359,830 |
| Other Assets | $11,039,932 | $11,434,396 |
| Total Assets | $612,880,063 | $601,208,273 |
| Total Margins and Equities | $191,628,401 | $179,259,701 |
| Total Long Term Debt | $363,055,297 | $367,729,032 |
| Noncurrent Liabilities | $605,122 | $3,260,735 |
| Current and Accrued Liabilities | $51,842,930 | $47,446,517 |
| Deferred Credits | $5,748,313 | $3,512,288 |
| Total Liabilities and Equities | $612,880,063 | $601,208,273 |
Consolidated operating statement
| 2025 | 2024 | |
|---|---|---|
| Operating Revenue | $231,423,762 | $217,338,601 |
| Total Operating Expenses | $204,113,536 | $188,663,614 |
| Total Cost of Electric and Fiber Service | $220,460,812 | $204,368,034 |
| Operating Margins | $27,310,226 | $28,674,987 |
| Generation/Transmission & Other Capital Credits | $4,146,795 | $5,910,187 |
| Patronage Capital or Margins | $14,023,390 | $20,753,518 |
| Taxable Margins | $8,606,121 | $12,308,368 |
This year’s prize pack will include a 2025 wall calendar featuring the people of OEC, a ball cap, an ink pen, a 6-in-1 screwdriver set, and a drawstring bag.