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Board of Directors

Chariton Valley Electric Cooperative's operations are carried out under the policies established by the Board of Directors. Each member of the Board of Directors is an active member of the cooperative and obtains his or her electricity from the Cooperative just as every other member does.

How is the Board Organized?

  • Eleven directors serve on the Board of Directors
  • Each director is nominated by the membership
  • There are five districts and each district is allotted a proportionate number of directors.
  • You elect the directors from the cooperatives service area

Director Elections

  • Elections are held during the Cooperative's annual meeting
  • Each member has one vote in the election of directors
  • Votes may be mailed in or cast at the annual meeting

Board Roles

  • The board is charged with setting the general polices under which the cooperative operates
  • Rates charged by Chariton Valley Electric are established by your Board of Directors with:
    • All factors that contribute to the cost of providing service which are tabulated and projected, including but not limited to:
      • Cost of wholesale power
      • Cost of operating and maintaining the distribution system
      • Accounting and sales expense
      • Administrative expense
      • Depreciation on the investment in power lines, equipment and facilities
      • Taxes
      • Interest on long-term debt
      • Margins
  • Patronage Capital: all income in excess of the cost of providing electricity to members is allocated back to the members in the form of patronage capital.

 

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