August 17 at the Fredericksburg High School auditorium
Not every company invites its customers to an annual meeting to elect a board of directors that will set policy—but your electric co-op does just that.
When you signed up as a member of Central Texas Electric Cooperative, you automatically became not just a member but an owner of this co-op. Cooperatives use a business model that’s different from most other utilities. They don’t sell stock on Wall Street, so there are no profit-seeking investors. Control of a co-op rests only with its members.
Each customer of a co-op is an equal partner in the utility. You may run for a seat on the board of directors if you’d like. You may vote for the candidates who do run—who are all also rate-paying members of the co-op.
It’s important to attend your co-op’s annual meeting. It’s an opportunity for you to meet the CEO and staff who run the co-op as well as a chance to get to know the directors who advise the staff and make decisions on important policy matters.
It’s also where you can vote for the board of directors and learn about business issues your co-op is dealing with.
Membership in a co-op comes with privileges, but it also comes with the responsibility to keep on top of co-op matters and cast your vote for the directors who you think will do the best job. We need everyone’s participation, which is why we ask you to make it a priority to attend CTEC’s annual meeting on August 17th in Fredericksburg.
If you cannot make the meeting in person, be sure to participate by sending in your proxy card on the cover of this month’s issue by the deadline.