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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Poll

What to you think of a state Legislature proposal to forbid cities from raising the minimum wage? Choose the closest to your opinion.

The federal government should set the minimum wage across the board.
States should be allowed to raise their minimum wages, but not cities.
Both states and cities should be allowed to raise their minimum wages.
Cities should be allowed to raise their mimum wages, but not states.
There should be no minimum wage at all.
Undecided.
     View Results
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