2021 CEO Report
Dear customers and owners of Cordova Electric Cooperative: Each year comes with its own challenges and opportunities, but 2020 was in a class all its own. The pandemic touched nearly every aspect of CEC and our customers. In March of 2020 CEC was among the first organizations in the community...
2020 CEO Report
Dear customers and owners of Cordova Electric Cooperative: 2019 was a year filled with all the opportunities, challenges, and surprises that we have come to expect in the electric utility industry. New technologies, rising customer expectations, employee and Board skills and performance development, and an aggressive project workload have kept CEC...
2019 CEO Report
Dear customers and owners of Cordova Electric Cooperative: 2019 was a year filled with all the opportunities, challenges, and surprises that we have come to expect in the electric utility industry. New technologies, rising customer expectations, employee and Board skills and performance development, and an aggressive project workload have kept CEC...
2018 CEO Report
Dear Owners of Cordova Electric Cooperative: This was a year of transition for CEC as we shifted from reduced capital budgets, debt reduction, and training and developing new staff to larger scale maintenance and improvement projects. From high-resolution fuel metering to geotechnical explorations at Crater Lake to solar evaluation and site...
2017 CEO Report
Dear Owners of Cordova Electric Cooperative: It has been another year of strong financial and operational performance for your Cooperative. Kilowatt hour sales rebounded from last year’s drop with a 12.5% increase over last year. Once again we were able to operate the Cooperative without increasing rates or borrowing money. Our...
2016 CEO Report
Dear Owners of Cordova Electric Cooperative: Despite strong headwinds on several fronts, your Cooperative performed well this year. A sharp drop in kilowatt hour sales had revenues down almost 10%, but we were able to operate the Cooperative without raising rates or borrowing money. In fact, we paid down $810,526 in...
2015 CEO Report
It has been a strong year for CEC both financially and operationally. We did not borrow money this year, and paid down $833,503 in existing debt for a new total debt of $15,602.755. This has increased the members’ ownership share of CEC to 49.46% Equity. We budgeted a...