The CREC Board of Trustees represents the CREC’s member owners to improve the overall efficiency of the Cooperative with dedication, integrity, and commitment.

CREC continues to see steady growth throughout our system and believe that it will continue for the future. New plant investment over $3 million was made this year with more than $30 million in new plant investment during the past 10 years. Over this same 10 year period, we have seen debt reduced. This speaks to an efficient, healthy cooperative.

This year CREC returned to you, the member owners, patronage capital in the amount of $890,000. Over the past five years, CREC has returned over $3.8 million to its members. CREC takes great pride in this opportunity and believes this signifies the value and benefit of the cooperative approach.

The future holds many challenges. These challenges include the pressures of rising energy cost. These pressures come from rising fuel cost such as coal and natural gas, which is used to generate electricity. Increased demand locally, throughout our country, and also globally, and heightened regulations add to the pressure as well. CREC and cooperatives across the country are continuing to make efforts on your behalf to meet our mission of providing the lowest cost energy with reliable service. Despite a discouraging outlook for future energy prices, CREC has built a solid foundation for the future. CREC’s performance through past years demonstrates a sound financial foundation and an efficient operation.

The primary objective of CREC continues to be to enhance the value of your cooperative over the long-term, maintain a competitive rate structure and continue to improve on system reliability.