OEC Annual Meeting 2026: Official Business and Financials

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

20252024
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

20252024
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

Operation Round Up awards $62,450 to local organizations, families

Change Makes Change through small, voluntary contributions from OEC members.

In June 2026, the OEC Foundation board of directors approved $62,450 in grants to support local organizations and individuals. Funded by thousands of OEC members who voluntarily round up their electric bills to the nearest dollar, these grants are part of Operation Round Up (ORU), a program focused on improving lives through direct community investment.

June beneficiaries

ORU grants aim to foster a positive impact by enhancing community well-being through various programs and services. This round of grants supported youth services, disaster response, oral health outreach and other community needs.

Individual assistance

The board awarded individual grants for eye exams, glasses and mobility devices.

Organizations

  • The Sparrow Project: Adaptive equipment for overall health of adults with intellectual disabilities
  • Ninnekah Public Schools: Rubber mulch and benches for playground
  • United Way of Norman: School supplies for the backpack program
  • Meals on Wheels of Norman: Senior free meal program
  • Oklahoma City Community College: HISET exam fee voucher
  • Veterans Corner: Replacement of outdated technology for veterans
  • Oklahoma Project Woman Inc.: Breast preventive care for the underserved

How Operation Round Up works

Roughly 80% of OEC members participate in ORU, each contributing an average of $6 per year. Because of you, these small, voluntary donations add up to meaningful support for programs related to health, safety, education and quality of life. This incredible impact is a testament to the generosity and community spirit of our members.

Every application is reviewed by a nine-member board of the OEC Foundation to ensure funds are allocated to efforts that have a lasting impact. Since the program began 33 years ago, ORU has distributed more than $7 million in support of food, shelter, medical care, education and more.

Next grant cycle

The next deadline to apply for ORU grants is Nov. 20, with decisions to be made at the Dec. 3 board meeting.

For more information or to apply, visit OEC Operation Round Up, contact Carrie Koesler at ORU@okcoop.org or call (405) 217-6726.

Capital Credits – What’s Changing This Year? | OEC News

Beginning this year, eligible capital credit retirements will appear as a credit on September electric bills instead of arriving as a paper check.

If you’re eligible to receive capital credits from Oklahoma Electric Cooperative this year, you’ll notice one important change. Instead of receiving a check in the mail, your capital credit retirement will automatically appear as a credit on your September electric bill. The amount you’re receiving isn’t changing—only the way you receive it. The new process reduces printing and mailing costs, gets credits to members faster and eliminates concerns about lost or uncashed checks.

What’s changing?

For many years, OEC mailed paper checks to members receiving capital credit retirements.

Beginning this year, eligible members will instead see a line-item credit on their September electric bill.

The credit will automatically reduce the amount owed that month. If your capital credit exceeds your bill, the remaining balance will carry forward and continue reducing future bills until the full amount has been applied.

Members with multiple accounts will receive the credit on their primary electric account.

Prepaid members can expect the credit to be applied during the first week of September.

“This change doesn’t affect how much members receive,” said CEO Patrick Grace. “September electric bills tend to be among the highest because they reflect late-summer energy use. Applying capital credit retirements as bill credits helps ease those seasonal costs.”

Am I receiving capital credits this year?

OEC’s Board of Trustees approved retiring $2 million in capital credits.

Eligible members include those who received electric service during portions of 2011, 2012 and/or 2013.

Members who established electric service after 2013 will receive their allocated capital credits in future retirement cycles.

Current members receive their retirement as a September bill credit.

Former members who are owed capital credits will continue receiving a paper check by mail in September.

What are capital credits?

One of the biggest advantages of being served by a cooperative is that you’re more than a customer—you’re a member-owner.

Each year, after OEC covers operating expenses, any remaining margins are allocated back to members based on the amount of electricity they purchased during that year.

Those allocations are tracked as capital credits.

When the cooperative’s financial condition allows, OEC’s Board of Trustees approves retiring a portion of those accumulated capital credits, returning that value to members.

Why cooperatives are different

Investor-owned utilities distribute profits to shareholders.

Electric cooperatives return value to the people who receive electric service.

Capital credits are one of the clearest examples of the cooperative business model in action. When OEC succeeds financially, members benefit because they own the cooperative.

That commitment reflects one of the Seven Cooperative Principles and remains one of the unique benefits of cooperative membership.

What do members need to do?

Nothing.

If you’re eligible, your capital credit retirement will automatically appear as a credit on your September electric bill.

No forms are required and no action is needed.

To learn more about capital credits, visit okcoop.org/capitalcredits.

Share this article
Follow us!

Capital Credits: Sept. 25 | OEC News

OEC board of trustees approves $2 million in capital credits to be paid to members from 2011

OEC’s board of trustees has authorized the distribution of $2 million in capital credits to members of the cooperative who purchased electricity during parts of 2011.

“The issuing of capital credits each year truly highlights what a cooperative is,” said CEO Patrick Grace. “We’ve been working together since 1937 to provide an affordable, reliable service — capital credits signify what it truly means to come together for a common cause.”

Thousands of current and former members will receive a check this month.

What are capital credits?

Unlike investor-owned utility companies that strive to generate profits for shareholders, electric cooperatives like OEC operate on an at-cost basis. Any profits made by OEC – referred to as margins – are returned to the consumermembers. Capital credits represent these dividends.

What qualifies members to receive capital credits?

Capital credits are allocated to each member based on the amount paid to OEC over the years. Currently, we “retire” or issue capital credit checks on a 10-15 year cycle.

What if those owed money are no longer members?

Some who were members in 2011 might no longer be members but are still owed capital credits. Please visit okcoop.org/capitalcredits and, if you see a name you recognize on the list who could’ve been an OEC member during 2011, please have that person submit the online form and any accompanying documents. All address updates must be received in writing.

If you see the name of a family member who is deceased and you are the rightful heir, you can download the form from okcoop.org/capitalcredits and return it along with the appropriate paperwork to transfer all remaining capital credits into your name.

I was a member back in 2010 but didn’t receive a check

Checks were not issued for less than $25 unless a member has no further refunds due for future years. Refunds of less than $25 are retained until and added to the next distribution.

A full list of names – both individuals and businesses owed money – can be found at okcoop.org/capitalcredits along with appropriate forms. Mail paperwork and supporting documents to OEC, P.O. Box 1208, Norman, OK, 73070.

Share this article
Follow us!

Time to Shine | OEC News

High School Juniors Eligible For “Trip of a Lifetime” to Washington, D.C.

Youth Tour contest open to high school juniors

Perhaps OEC’s best-known and most anticipated youth program, Youth Tour offers high school juniors a week-long, all-expenses-paid educational trip to Washington, D.C. in June of each year. Four deserving students travel with the Oklahoma delegation (70+ students) to our nation’s capital where they tour historic sites and national landmarks, meet Oklahoma’s congressional delegation and more.

Currently, the Youth Tour trip is scheduled for June 13-19, 2025.

Contest Requirements

  • A high school junior residing in OEC’s service area
  • Available to attend the Speech Workshop, Live Presentation (March 6), and Youth Tour (June 13-19)
  • Confirmed availability with parents, coaches, church group, club sponsors, etc.

Contest Summary

Applicants will submit an essay or written speech on the topic outlined below. Eight applicants will be selected as finalists to progress in the contest. Four winners will be selected following their live presentations March 6, 2025.

THE TOPIC:

Over 80 years ago, America’s farmers and rural citizens joined together to bring electricity to their communities — communities which the for-profit companies refused to serve. As a result, they improved the quality of life for rural Americans by satisfying an unmet need. Co-ops of all kinds bring that same spirit of purpose and cooperation to the changing needs of a new generation.

Write an essay explaining How Cooperatives Stregthen Your Community.

ESSAY OR SPEECH

Write an original essay or speech answering the above question. Ensure it’s 750-900 words and double-spaced. The deadline to enter is Jan. 24, 2025.

ONLINE ENTRY FORM

Submit your essay through the online entry form. Be sure to mention Oklahoma Electric Cooperative (OEC) in your application essay.

SPEECH WORKSHOP

Eight finalists are required to attend a halfday speech workshop to be held the morning of February 15, 2025. There, they will learn techniques to hone their speech craft and visual presentation skills as well as co-op information.

LIVE PRESENTATION

Finalists will present their co-op ideas live before three judges on Thursday, March 6, 2025, at a banquet held at OEC’s headquarters.

In this contest, judges look for each applicant’s power of persuasion – first in writing and then in oration. Present your speech with confidence, showing your understanding of cooperatives and their impact. Convince the judges that coops play an essential role in every community. Make a strong connection by highlighting that supporting cooperatives means investing in the resilience and prosperity of local communities.

Learn more on our Youth Tour page, and when you’re ready, apply here.

Questions? Contact Community Outreach Associate Carrie Koesler at 217-6726 or carrie.koesler@okcoop.org.

Follow us!

Capital Credits: Sept. 24 | OEC News

OEC board of trustees approves $2 million in capital credits to be paid to members from 2010 and 2011

OEC’s board of trustees has authorized the distribution of $2 million in capital credits to members of the cooperative who purchased electricity during parts of 2010 and 2011.

“The issuing of capital credits each year truly highlights what a cooperative is,” said CEO Patrick Grace. “We’ve been working together since 1937 to provide an affordable, reliable service — capital credits signify what it truly means to come together for a common cause.”

Thousands of current and former members will receive a check this month.

WHAT ARE CAPITAL CREDITS?

Unlike investor-owned utility companies that strive to generate profits for shareholders, electric cooperatives like OEC operate on an at-cost basis. Any profits made by OEC—referred to as margins—are returned to the consumer members. Capital credits represent these dividends.

WHAT QUALIFIES MEMBERS TO RECEIVE CAPITAL CREDITS?

Capital credits are allocated to each member based on the amount paid to OEC over the years. Currently, we “retire” or issue capital credit checks on a 10-15 year cycle.

WHAT IF THOSE OWED MONEY ARE NO LONGER MEMBERS?

Some who were members in 2010 or 2011 might no longer be members but are still owed capital credits. Please visit okcoop.org/capitalcredits and, if you see a name you recognize on the list who could’ve been an OEC member during 2010 or 2011, please have that person submit the online form and any accompanying documents. All address updates must be received in writing.

If you see the name of a family member who is deceased and you are the rightful heir, you can download the form from okcoop.org/capitalcredits and return it along with the appropriate paperwork to transfer all remaining capital credits into your name.

I WAS A MEMBER IN 2010 BUT DIDN’T RECEIVE A CHECK

Checks were not issued for less than $25 unless a member has no further refunds due for future years. Refunds of less than $25 are retained until and added to the next distribution.

A full list of names—both individuals and businesses owed money—along with appropriate forms can be found at okcoop.org/capitalcredits. Mail paperwork and supporting documents to OEC, P.O. Box 1208, Norman, OK, 73070.

Share this article
Follow us!

What You Need to Know: Drive-Thru Annual Meeting | OEC News

WHAT YOU NEED TO KNOW ABOUT THIS YEAR’S EVENT:

  • Members who attend will receive a $30 bill credit
  • Members will be given a ballot and asked to vote for approval of past meeting minutes and financials and the bylaw change all of which can be found on pages 6 and 8.
  • Convenience is key, as OEC staff will register you from the comfort of your vehicle. Simply follow the signs and friendly faces!
  • As usual, members who attend will receive a bag filled with free OEC and OEC Fiber items.
  • Those who attend might be one of our lucky prize winners — including four $500 grand prizes!
  • Unfortunately, the logistics of a drive-thru event do not allow for food to be served.

“We registered almost 3,400 members last year in our first-ever Drive-Thru Annual Meeting — about double the attendance from 2022,” said Brianna Wall, manager of marketing and member relations. “Those numbers along with the positive responses we received on post-meeting surveys led to the decision to continue with a drive-thru format.”

To help us plan for this year’s event, please complete our online form to tell us what time you plan on attending this year’s drive-thru annual meeting at okcoop.org/annualmeeting

Annual Meeting Map:

 

Members are asked to enter the drive-thru from GT Blankenship boulevard via either South Jenkins Avenue or Chautauqua Avenue. OEC employees will guide members as they navigate, register and vote. This approach ensures a smooth and efficient process for all attendees. Their presence also provides immediate assistance, ensuring every member’s questions or concerns are addressed on the spot.

 

Annual Meeting Prize PackThis 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.

Share this article
Follow us!

Bridging the Gap | OEC News

Bridges is preparing Norman’s youth for success, whatever path they choose, with dedicated staff and community support

At Bridges, located in Norman, resilience meets opportunity. The organization’s mission is clear: to empower high school students in family crisis to pursue education without obstacles. This goal represents hope, strength and transformation. With a generous $10,000 grant from the OEC Foundation, made possible by generous members who round up their electric bills each month, Bridges will uplift more young lives and brighten their futures.

“Most people don’t realize how hard it is for these kids just to survive, let alone thrive, without proper support,” said Stacy Bruce, executive director at Bridges. “It’s a world many of us can’t imagine, and that’s why the work we do here is so crucial.”

Bridges began as Independent Living Services for Youth (ILSY) in the early 1990s, aiming to support homeless teens in Norman. Through advocacy and legal changes, the organization evolved to provide comprehensive support to students in crisis, ensuring they could remain in school and avoid falling through the cracks.

“The goal is to remove barriers to graduation, whether it’s providing food, clothing, shelter or medical needs,” Bruce explained. “Our students have faced unimaginable challenges, but they show extraordinary resilience.”

Bridges also employs a dedicated student success coordinator who works closely with students to ensure their academic progress and future planning. This role involves daily checkins on grades, arranging tutoring sessions, and assisting with college and career readiness.

“Our student success coordinator is vital in helping students stay on track and envision a future beyond high school,” Bruce said. “Whether it’s filling out FAFSA forms, organizing college tours, or preparing for career assessments, we make sure each student has a clear path to success.”

One of the cornerstones of Bridges’s program is its life skills classes, held every Tuesday night. These sessions cover essential topics such as financial literacy, job readiness, cooking and higher education preparation. Led by community volunteers passionate about sharing their expertise, the classes aim to equip students with practical knowledge they can use daily.

“We want our students to leave Bridges not just with a diploma but with the skills they need to thrive independently,” Bruce said.

The recent OEC Foundation grant, will be crucial in supporting Bridges’ direct student expenses. These expenses include a wide variety of essentials such as clothing, living supplies, school supplies, driver’s licenses and various educational and employment-related costs – essentially anything a parent would typically provide.

“We are incredibly grateful for the support from the OEC Foundation; it allows us to focus on what matters most: the wellbeing and success of our students,” Bruce said. “This grant will help cover direct costs for things like driver’s education, ACTs and college application fees, which are critical for our students’ future.”

Betty Allen, a board member of the OEC Foundation, emphasized the importance of supporting organizations like Bridges. “Bridges is one example of how the money helps the needs of young people in these difficult situations not only today but in the future, and this helps our community to have strong, productive citizens,” Allen said.

Carrie Koesler, community outreach associate, highlighted the careful consideration that goes into allocating grants.

“We look for organizations that truly make a difference,” Koesler said. “Bridges has a proven track record of transforming lives, and we are proud to support them through Operation Round Up.”

The students at Bridges are individuals with different dreams and ambitions. From one student to another, success looks different, Bruce said.

“One of our students graduated from the University of Oklahoma in three years with a degree in engineering and is now working on developing the next generation of digital weather radar,” Bruce said. “Another student, who admitted he wouldn’t be alive today without Bridges, is now pursuing a career as a firefighter.”

What matters most is preparing their students for success, regardless of the path they choose. These success stories reflect the staff’s dedication and the community’s support.

Despite the successes, challenges remain.

“One of the biggest hurdles is awareness,” Bruce said. “Many people in our community don’t know we exist or the extent of the challenges these students face. Teenagers are resourceful and prideful, often keeping their struggles hidden.”

Bruce emphasized the need for continued community support through volunteering, donating, or simply spreading the word about Bridges.

“Volunteers are essential; they help set up apartments, lead life skills classes and provide meals. Every bit of support makes a difference,” she said.

The OEC Foundation’s grant is a lifeline, but ongoing support from the community is vital. Bruce encourages individuals and organizations to get involved in any way they can. “Whether it’s donating supplies, volunteering time, or providing financial support, every contribution helps us create a better future for these students,” she said.

The collaboration between Bridges and the OEC Foundation exemplifies the power of community in transforming lives. As Bruce aptly put it, “Our students are resilient. They don’t have a quit button, and with the support of our community, they can achieve anything.”

The story of Bridges is one of hope, resilience and transformation. With continued support, the organization will continue to empower high school students to overcome obstacles and build brighter futures.

Share this article
Follow us!

Unmissable Opportunities: 2024 Youth Tour Contest Opens | OEC News

High School Juniors Eligible For “Trip of a Lifetime” to Washington, D.C.

Perhaps OEC’s best-known and most anticipated youth program, Youth Tour offers high school juniors a week-long, all-expenses-paid educational trip to Washington, D.C. in June. Four deserving students travel with the Oklahoma delegation (70+ students) to our nation’s capital where they tour historic sites and national landmarks, meet Oklahoma’s congressional delegation and more. Youth Tour has earned a reputation as “a trip of a lifetime” among former participants.

This year’s trip is scheduled for June 14 – 20, 2024, but interested applicants should keep reading or visit okcoop.org/YouthTour for the full list of contest requirements. The deadline to apply is December 20, 2023.

New Scholarships Up For Grabs

Youth Tour contestants now have even more reasons to get involved. One of them is the Cooperative Youth Ambassador Program’s $5,000 scholarship drawing, which requires participants to engage in activities like attending cooperative sponsored events, promoting OKYT on social media, serving as a High School liaison for future Youth Tours and attending their co-op’s annual meeting. There are also opportunities for bonus entries.

Another scholarship, the OEC Youth Tour scholarship, offers $1,000 (up to $1,500) and can be obtained by participating in the Youth Leadership Council and the Cooperative Youth Ambassador Program.

National Scholarship Available:

The Youth Tour Alumni Scholarship, listed on OEC’s website, offers awards ranging from $1,000 to $10,000 and can be applied for annually. While the deadline for applications is usually in April or May, applicants have the chance to receive this prestigious scholarship every year. To learn more and apply, okcoop.org/sponsorships-scholarships/

PART 1: COMMUNITY PROJECT

Cooperatives come in all shapes and sizes, but they all hold to the seven Cooperative Principles with Commitment to Community being one. Participating in events that benefit our communities is of high priority to OEC.

ASSIGNMENT: Imagine you are granted $500 to create a project benefitting your community. How would you utilize the funds? Who would benefit? How? Why is this important to the community?

Create a project proposal outlining your project using the sample template as a basis.

PART 2: COMMUNITY PROJECT PROMOTION

Every good cause needs an event to inspire interest and raise money. A community initiative will only succeed if people know and care about it. Let’s promote it!

ASSIGNMENT: Imagine a fundraising event for your community project. Create a promotional video for social media. (Max: 2 min/2 MB)

PART 3: LETTER TO A LEADER

Oklahoma Youth Tour allows students to see the government working up close. During our day on Capitol Hill, we walk the halls of Congress, visit with members of the Oklahoma federal delegation, and tour the U.S. Capitol. Being an informed and active constituent is an important civic duty.

ASSIGNMENT: Write a professional letter to an elected official about an issue important to you. This could be the issue surrounding your community project or an unrelated issue.

*Find examples of elected officials and ways to contact them at okcoop.org/YouthTour

Share this article
Follow us!

Energize Your Summer | OEC News

Middle school students eligible to attend the Youth Power Energy Camp

OEC is searching for the best and brightest eighth grade students in our seven-county service area to send to the action-packed, four day Youth Power Energy Camp!

Energy Camp is set for May 30 – June 2 at Canyon Camp and Conference Center near Hinton. Each year, OEC sponsors up to four students to attend the camp, where they will join 80 of their peers from across the state. Energy Camp helps develop leadership skills and promotes teamwork while teaching about cooperative principles, rural electrification and electrical safety.

If you have questions regarding the contest, Energy Camp or other OEC youth programs, contact Tory Tedder-Loffland at 217-6726 or tory@okcoop.org, or link.okcoop.org/energycamp23.

Procedure and Eligibility

Procedure and Eligibility 

Students currently enrolled in eighth grade qualify and must meet the requirements listed to the left, including a resume, letter of recommendation and the online application.

Energy Camp is part of OEC’s youth development initiative, L.E.A.R.N.: Leading, Educating, Advancing and Rewarding the Next generation. L.E.A.R.N. encompasses the catalog of youth programs OEC offers to students, teachers and schools in our service area.

Contest Requirements:

  1. Applicants must answer at least two short-answer questions on the online application at link.okcoop.org/energycamp23.
  2. Applicants must submit a resume of their curricular, extracurricular and leadership activities. Include awards, recognitions and certificates. Also include club memberships, offices held, hobbies, community involvement and special interests.
  3. Applicants must submit a letter of recommendation from a teacher, principal or community leader.
  4. Complete the online application at: link.okcoop.org/energycamp23 and upload the resume and letter of recommendation. Contact Tory (405-217-6726) if you experience technical difficulties or would like a  printed application.
Share this article
Follow us!
Skip to content