This past year demonstrated what we can accomplish when we work cooperatively. In March of 2025, we launched the time-of-use rate across the entire membership. Many of you embraced the change by shifting your energy use away from periods of highest demand. Those small changes made a big difference. Lower wholesale power costs allowed us to reduce electric rates by 6%, and we returned more than $3 million to our membership through bill credits. That’s the cooperative difference at work.

Looking ahead, we’re continuing to invest in the strength of our electric system. Ongoing line rebuilds, equipment upgrades, and the continued construction of a new substation will help ensure strong grid reliability and prepare us to meet your growing needs today and in the future. These investments are more than just maintaining our system; they’re about preparing for the future while keeping reliability at the center of our focus.

Our region is experiencing growing interest from large energy users, including data centers. While these opportunities may bring economic benefits to our communities, your cooperative’s responsibility remains clear: serving our members with safe, reliable, and affordable power. Growth will only move forward when it can be supported without jeopardizing the expected reliability that we are committed to providing. We continuously evaluate growth responsibly, balancing long-term opportunities with the needs of our membership and the communities we serve.

Thank you for your trust and support. By working together, we are building a stronger cooperative that is investing wisely, planning responsibly, and remains focused on serving you now and for years to come.