Tahlequah Daily Press

Local News

May 3, 2013

LREC official says financial picture is strong

TAHLEQUAH — Lake Region Electric Cooperative members were told recently that the cooperative’s financial picture is strong.

Hamid Vahdatipour, LREC CEO, said the membership equity is 53 percent of the cooperative’s total assets. He also told members rates have remained steady since February 2009 and are lower than the average rates of other Oklahoma cooperatives, as well as electric cooperatives across the country.

Another point of interest at LREC’s 63rd Annual Meeting was a Chevrolet Volt parked outside the Hulbert School Auditorium. The electric plug-in car has a gasoline range extender engine.

Vahdatipour said the vehicle has a 35-mile electric-only range and the gas engine extends the range to about 379 miles on a charge and a tank of gas. It takes 10 kilowatt hours to fully charge the battery, he said.

“The car offers you the best of both worlds,” Vahdatipour said. “If your daily commute to work is 35 miles or less, you can drive this car for weeks or months without having to put any gas in it.”

 

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