Cordova Electric Cooperative

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CEO Reports

Cordova Electric Cooperative

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...

Cordova Electric Cooperative

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...

Cordova Electric Cooperative

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...