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2014 Annual Report

Executive Summary

Arkansas Electric Cooperatives Cooperation

Arkansas Electric Cooperative Corporation (AECC) was created by the people we serve — our members — and that’s why we take our mission to heart. Our goal is to provide our members with reliable and affordable power, responsibly. To do that, we take a long-term view in deciding how best to fulfill our mission. With every decision we make, we consider how this will affect not only the present, but also the future of our members and state.

Reliable.

AECC’s members do more than trust us to provide the energy they need, when they need it – they count on us. Delivering reliable power to the people we serve is first and foremost in our minds. And while fair prices, great service and community support are most certainly part of what our members have come to expect, reliability comes first.

Affordable.

Being a true partner with our members and the communities we serve means always putting their best interests first. And one of the best ways to accomplish this is by keeping our rates affordable.

AECC realizes that it’s the money of our members that we’re spending. Because of this, it’s imperative that we constantly pursue affordability. And it doesn’t end there. Our commercial and industrial members count on us to keep energy affordable so they can provide jobs in this competitive economy. Our efforts to control costs, such as advocating for rational energy policy and utilizing a diverse generation portfolio, are key to maintaining existing jobs and attracting new ones.

Responsible.

They say with power comes great responsibility. And at AECC, we couldn’t agree more. We know that our members want their power supplier to act responsibly on their behalf, reflecting their values. That means that we work safely to protect our employees and the public at large. It also means that when we make decisions regarding generation resources and other business needs, that we consider how best to balance those needs with protecting our state’s valuable natural resources. And, again, it means that we must be good stewards of our members’ investment.

Powering Arkansas: The Cooperative Way

Since its inception in 1949, AECC has always taken the long-term view in planning for the needs of its members. That view led us to build three hydropower plants on the Arkansas River, as well as purchase long-term contracts for wind power. As we look ahead, we are helping lead the way in developing solar power in Arkansas, as well as maintaining our state-of-the-art natural gas power plants and our low-cost coal-based plants. Through our diverse mix of generation resources and our dedication to the members we serve, AECC is powering Arkansas today and preparing for tomorrow.