18 | Cooperative Living | August 2017 A&N Electric Cooperative

Cooperative News

A&N ELECTRIC COOPERATIVE21275 Cooperative Way

P.O. Box 290Tasley, VA 23441-0290

757-787-9750 • 800-431-2632

Office Hours: M-F, 7:30 a.m.-4:30 p.m.www.anec.com

Payments: 1-855-386-9921

President & CEOButch Williamson

Local Pages EditorJay Diem

A&N Electric Cooperative is an equalopportunity provider and employer.

A&N Electric CooperativeBoard of Directors

Addison W. Nottingham, Jr.Chairman

Christopher D. BottVice Chairman

R. Wayne BrowningSecretary-Treasurer

Ralph W. DoddJames N. Belote III E. Garrison Drummond

Robert L. Nock Edward V. Parks, Jr. Henry P. Custis, Jr.Attorney

Official Notice ofAnnual MembershipMeeting of A&NElectric Cooperative

The Annual MembershipMeeting of A&N ElectricCooperative will be held at

Nandua High School on U.S. 13just south of Onley, Virginia, onThursday, Aug. 24, 2017, at 7 p.m., to take action on thefollowing matters:

(a) Reports of Officers,Directors, and Committees.

(b) The election of three (3) Directors of theCooperative.

(c) All other business that may properly come before this meeting or anyadjournments thereof.

R. Wayne Browning, SecretaryJuly 27, 2017

www.anec.com August 2017 | Cooperative Living | 19

Report of the Nominating Committeeof A&N Electric Cooperative

We, the members of the Nominating Committee, appointed by the Board ofDirectors of A&N Electric Cooperative on May 25, 2017, after dueconsideration, do hereby nominate the following members for Directors to

be elected at the Annual Meeting of Members to be held on Aug. 24, 2017:

Robert L. Nock Residing in District 1James N. Belote III Residing in District 2Dr. Ronnie E. Holden Residing in District 2R. Wayne Browning Residing in District 3

Given under our hands this 20th day of June, 2017.

Thomas B. Dix Bill Sterling, Jr.Michelle Marsh Annette L. DavisJoyce Pettit-Dix John C. GrayDonnie Davis John M. RoachJohn Campbell

Members of the Nominating Committeeof A&N Electric Cooperative

A&N Electric Cooperative Director NomineesRobert L. Nock

Robert L. Nock residesin District 1 on theEastern Shore of Virginia.Mr. Nock has been aresident of Parksley,Virginia, since 1976.Prior to 1976, Mr. Nock

lived in Mappsville, Virginia. He obtainedhis Credentialed Cooperative Director’sCertificate in 2012 through NRECADirector’s Institute. He serves on thefollowing ANEC Board committees:Bylaws/Policy and Products & Services. Inaddition, Mr. Nock serves on the Virginia,Maryland & Delaware Association ofElectric Cooperatives’ Finance Committee.

He attended the following local publicschools: T.C. Walker Middle School, M.N.Smith High School, and Parksley HighSchool. He received a Master of MinistryDegree from Christian World College ofTheology (CWCT) in Salisbury, Maryland,where he also teaches classes in theology.

Mr. Nock serves as chairman of theAccomack County Board of Zoning Appeals,and has served on the Accomack CountyPlanning Commission. He is pastor at St.Mary’s Baptist Church in Jamesville, Virginia.

He retired from NASA after 43 years ofcontinuous service at the Wallops FlightFacility (WFF) in Wallops Island, Virginia.He is the owner of Seaside Village MobileHome Park.

Mr. Nock and his wife, Yvonne, have onedaughter, Tracy, and one granddaughter, Elise.

James N. Belote IIIJames N. “Jim” Belote

III, District 2, AccomackCounty. Served on board19 years, 2nd in seniority.Home, Onancock. Wife,Donna, two children.Farms and owns a

Century farm. 2016 received National RuralElectrification Cooperative (NRECA) GoldLeadership Credential (highest level ofdirector achievement), 2014 recipient ofBoard Leadership Credentials.

Has taken and passed 20 different creditcourses by NRECA on topics such as co-opbylaws, strategic planning, duties andliabilities, risk management, energy efficiency,capital credits, etc. ANEC committees:Wage and Hour, Products and Services,past member of Executive Committee.NRECA voting delegate 10 times, CFC fivetimes, Federated Insurance two times,NRTC one time. Attended Delmarva Powerwholesale meeting and CoBank meeting.

During tenure, ANEC built newheadquarters and acquired DelmarvaPower, tripled size of ANEC with endresult of maintaining and lowering rates.

Education: 1975 graduate of VirginiaTech, BS in agronomy, 1976 graduate ofNC State, master’s in horticulture. Job:

Agriculture Extension Agent AccomackCounty 24 years, Virginia Beach andChesapeake 10 years.

Leadership: Governor-appointedChesapeake Bay Preservation Act LocalAssistance Board, member Eastern ShoreGroundwater Study Committee, pastpresident Eastern Shore ChristianBusinessmen’s Association, past lay leaderMarket St. United Methodist Church, pasttreasurer Market St. UMC, past presidentMarket St. UM Men, past chairmanVirginia Employment CommissionEmployee Advisory Committee, pastchairman Delmarva Advisory Council,past member, Virginia Agriculture in theClassroom board of directors, past membernumerous state and national organizations.

Dr. Ronnie E. HoldenDr. Ronnie Holden is a

native of the VirginiaEastern Shore and retiredfrom the University ofMaryland Eastern Shore(UMES) after serving 37 years in several

capacities inclusive of accountant, budgetdirector, and assistant vice president andpromoted in 1986 to vice president foradministrative affairs. He was involved inthe University’s growth from approximately900 students to over 4,500 students. Heplayed a major role as the University’sphysical facilities grew from 400,000 GSFto more than 1.9 million GSF, andprovided leadership to over $550 millionin capital construction projects.

Dr. Holden holds membership withseveral organizations inclusive of AlphaPhi Alpha and Sigma Pi Phi fraternities. Heis a deacon at Jerusalem Baptist Churchand is currently chair of the AccomackCounty School Board. He served on theEastern Shore Community College(ESCC) Foundation Board and has anendowed scholarship there and at UMES.He holds an associate degree from ESCC;accounting degree from Virginia Tech;MBA from Salisbury University; anddoctorate from UM College Park.

Dr. Holden resides in Onley with hiswife, Brenda Ames, and has four children:Ronnie, Hope, Ronnita and Heather. He isthe son of Donnie and LaRue Holden ofWithams, Virginia.

continued on pg. 23

20 | Cooperative Living | August 2017 A&N Electric Cooperative

Treasurer’s Report as of December 31, 2016STATEMENTS OF OPERATIONS Year Ended December 31, Increase

2016 2015 (Decrease)Operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,993,036 80,301,132 (7,308,096)____________ ____________ ___________Operating expensesCost of power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,940,007 55,566,477 (4,626,470)Transmission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,400 17,768 1,632Distribution - operation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,413,980 2,440,799 (26,819)Distribution - maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,739,557 4,456,341 283,216Consumer accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,034,546 2,018,192 16,354Customer service & information . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,166 56,404 2,762Administrative & general . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,257,074 1,986,509 270,565Depreciation & amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,286,792 5,171,930 114,862Interest on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,953,632 3,837,042 116,590Interest - other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,028 2,237 4,791Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221,208 220,481 727____________ ____________ ___________

TOTAL EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,932,390 75,774,180 (3,841,790)____________ ____________ ___________Operating margins before patronage allocations . . . . . . . . . . . . 1,060,646 4,526,952 (3,466,306)____________ ____________ ___________Patronage allocationsGeneration & transmission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,028,074 845,929 182,145Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126,827 122,981 3,846____________ ____________ ___________

1,154,901 968,910 185,991____________ ____________ ___________NET OPERATING MARGINS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,215,547 5,495,862 (3,280,315)____________ ____________ ___________Nonoperating income (expense)Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,297,230 1,205,589 91,641____________ ____________ ___________

NET MARGINS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,512,777 6,701,451 (3,188,674)____________ ____________ _______________________ ____________ ___________

BALANCE SHEETS December 31, December 31, Increase2016 2015 (Decrease)ASSETS

Electric plantElectric plant in service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183,853,974 174,640,695 9,213,279Less accumulated provision for depreciation & amortization 64,092,849 61,901,290 2,191,559____________ ____________ ___________

119,761,125 112,739,405 7,021,720____________ ____________ ___________InvestmentsInvestments in associated organizations . . . . . . . . . . . . . . . . . . . 18,459,392 17,567,833 891,559Special funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,097,083 1,036,582 1,060,501Investments in Economic Development Project . . . . . . . . . . . 75,000 100,000 (25,000)____________ ____________ ___________

20,631,475 18,704,415 1,927,060____________ ____________ ___________Current assetsCash - general . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,171,352 8,790,456 (619,104)Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,962,969 5,702,029 1,260,940Materials & supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,348,836 1,392,278 (43,442)Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 568,664 309,406 259,258____________ ____________ ___________

17,051,821 16,194,169 857,652____________ ____________ ___________Deferred charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,762,138 2,135,147 (373,009)____________ ____________ ___________

159,206,559 149,773,136 9,433,423____________ ____________ _______________________ ____________ ___________LIABILITIESEquitiesMemberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137,100 137,320 (220) Patronage capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,953,316 46,939,078 14,238Other equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,289,524 7,833,282 1,456,242____________ ____________ ___________

56,379,940 54,909,680 1,470,260____________ ____________ ___________Noncurrent liabilitiesLong-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,394,162 80,912,851 7,481,311Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,502,620 2,283,000 219,620____________ ____________ ___________

90,896,782 83,195,851 7,700,931____________ ____________ ___________Current liabilitiesCurrent maturities of long-term debt . . . . . . . . . . . . . . . . . . . . . . 3,273,000 2,840,172 432,828Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,952,095 6,013,544 (61,449)Consumer deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,287,541 2,307,074 (19,533)Other current & accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 397,114 352,687 44,427____________ ____________ ___________

11,909,750 11,513,477 396,273____________ ____________ ___________Deferred credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,087 154,128 (134,041)____________ ____________ ___________

159,206,559 149,773,136 9,433,423____________ ____________ _______________________ ____________ ___________

R. Wayne BrowningSecretary-Treasurer

Respectfully submitted,R. Wayne Browning,Secretary-Treasurer

www.anec.com August 2017 | Cooperative Living | 21

A&N OpensNew TangierFacility

The residents of Tangier can look forward to more reliable electric service thanks to anewly upgraded island facility.

A&N Electric Cooperative held an open house and ribbon-cutting ceremony toofficially open its new Tangier Island facility on Wednesday, June 7.

“We’re here to showcase our commitment to the community of the Eastern Shore,” A&NElectric Cooperative President and CEO Butch Williamson told a large group of Tangierresidents gathered for the event.

The new Tangier facility includes a new office building, an upgraded substation and arenovated generator building which contains two 1,200 kW generators that can operatesimultaneously for a peak output of 2,400 kW.

“This is as good as any facility on the mainland,” said A&N Board Chairman AddisonNottingham. “I’m really impressed with it. It’s going to make things better for the people ofTangier. When the weather is bad, you’ll have this to count on. This will do a good job for you.”

Upgrades to the new facility will allow A&N ElectricCooperative employees to better control service on theisland and on nearby Smith Island, Maryland. Some newfeatures also will allow A&N’s Tasley headquarters tocontrol some of the facility’s operations from the mainland.

“The Eastern Shore is fortunate to have A&N as ourelectricity provider,” said Accomack Board of SupervisorsChairman Robert Crockett. “The watermen here realizehow important it is to keep the electricity going. They havethousands and thousands of dollars worth of crabsshedding and they need power to keep those pumps going. Without a service like A&N to keep the electricitygoing it would cost them their livelihood for that season.”

A&N Electric Cooperative employees conducted guided tours of the new facility for island residents and the students at nearby Tangier Combined School.

22 | Cooperative Living | August 2017 A&N Electric Cooperative

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www.anec.com August 2017 | Cooperative Living | 23

MESSAGES FROM YOUR CO-OP� Visit us at www.facebook.com/

ANElectricCoop and “like” us.� Visit www.anec.com to sign up to

receive Beat the Peak emails ortext-message alerts.

� The Touchstone Energy® Co-opConnections® Card is FREE to all ANEC members. The card offersdiscounts atparticipatinglocal andnationwidebusinesses,including prescription drugdiscounts.

� The office will be closed in observanceof Labor Day on Monday, Sept. 4,2017. Have a safe and happy holiday!

DIRECTOR BIOScontinued from pg. 19

R. Wayne BrowningR. Wayne Browning, Class Three

Director from District 3, was electedto the board in 1981. He currentlyserves as secretary/treasurer ofANEC, member and past chairmanof the publications committee forCooperative Living magazine,

member and past chairman of the Virginia, Maryland& Delaware Association of Electric Cooperatives. Heserves on the following ANEC Board committees:Budget/Finance, Bylaws/Policy and Executive. He is agraduate of NRECA’s Electric Cooperative Director’sInstitute.

He is a U.S. Army veteran, member of CraddockvilleUMC where he has served as treasurer, Sunday schoolsuperintendent, president of UMM, lay leader andchairman of the administrative board. He served as an Eastern Shore district delegate to the VirginiaAnnual Conference.

Mr. Browning is a past president of Eastern ShoreVocational Center, Shore Memorial Hospital, EasternShore Jaycees, Eastern Shore Chamber of Commerce,ESY&CC, and Virginia Ice Association. He served onthe Accomack County Draft Board, the VirginiaMarine Resources Commission and the PotomacRiver Fisheries Commission where he served one yearas Chairman. In 1989 he was elected to the ChowanCollege Sports Hall of Fame.

He and his wife, Mary Will, reside at Davis Wharf.They have five grown children and four grandchildren.

A&N seeks candidates forDistrict 4 vacancy

A&N Electric Cooperative (ANEC) is seeking candidates for the position ofDistrict 4 Director. This vacancy is to fill the unexpired term of the lateJames G. Collins, Jr.

District 4 extends from Nassawadox’s northern town limits to the ChesapeakeBay Bridge-Tunnel. ANEC members who desire to become a candidate for thisposition must reside within District 4, meet director qualifications, and completethe application process.To request further information regarding the director application process

or to find out if you are eligible please call 757-787-9755 or emaildistrict4director@anec.com.Those interested in applying for District 4 Director may request an application

packet from ANEC’s headquarters in Tasley, Virginia, during normal businesshours of 7:30 a.m. to 4:30 p.m.All applications are due by 4:30 p.m. on Monday, Sept. 11, 2017.ANEC’s director qualifications and bylaws can be found at www.anec.com.

Join us for the A&N Electric CooperativeAnnual Meeting on Aug. 24, 2017

WE’RE COUNTING ONYOU!

It’s annual meeting time and we’re looking forward to

seeing all of our member-owners. The meeting, of course,

is YOURS. The agenda reflects what keeps your electric co-

op in business to serve your community, the nuts and bolts of

how it operates, and the selection of your board of directors.

What makes this year so special is that it marks the 77th

year of ANEC providing service and commitment to our

members and the communities we serve on the Eastern

Shore. It’s hard to imagine how life would be without

electricity, and we have evolved tremendously over the years.

So, come join us as we take a walk down memory lane

through ANEC’s 77 years of service. Bring the family, meet

and greet your neighbors and friends, and make your annual

meeting one of the most successful ever.