Cordova Electric Cooperative

Top
 

CEO Reports

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...