Inside This Issue

- NASCAR Deals

-More on the Proposed Rate Change

-Annual Meeting Notice

Delaware Electric Cooperative’s Board of Directors is considering a rate adjustment for member-owners, which will take effect on June 1st. The rate adjustment will raise the power cost adjustment (PCA) by about 7 percent. A member using 1,000 kilowatt hours per month will see an eight dollar increase in their monthly bill. For the past several months, Delaware Electric Cooperative’s wholesale power provider—Old Dominion Electric Cooperative—has been under increased pressure from the energy markets. ODEC is paying more to produce energy and over the past six months they have increased Delaware Electric Cooperative’s cost for power three times. The Co-op can no longer absorb these costs.

Co-op Seeks Rate Adjustment

November 2012

CooperativeCONNECTIONS

May 2014Why Are Rates Increasing?

Contact Us At:855-332-9090

The spike in the cost to produce electricity has been driven, in part, by the brutally cold weather this past winter, which also placed increased pressure on utilities across the Mid-Atlantic.

“As Delaware’s only non-profit utility, we make our decisions based on what’s best for our members. Programs like “Beat the Peak,” which reduce energy consumption during times of peak energy use, have helped to absorb some of the increased cost. Still, we have no choice but to adjust the rates.”

Despite the rate change, Delaware Electric Cooperative’s rates will remain the lowest in the State of Delaware. The Co-op last raised rates in 2008 and lowered rates in 2010 and 2011. Currently, Co-op energy is produced at nuclear, coal, landfill gas, solar, wind and natural gas generating facilities—ten percent of Co-op energy comes from renewable sources.

The new Co-op rate, if approved, will take effect on June 1st and members with questions about their bills can call the Co-op at 855-332-9090.

Despite the fluctuating enegy markets, the price of electricity over the last 15 years has remained relatively stable. The last time Delaware Electric Cooperative raised rates was 2008. We will continue to provide you with the lowest possible rates.

The rate adjustment will add about $8 to the average members’

monthly bill

2014 Annual Meeting

Mark Your Calendar for DEC’s Annual Meeting

Tuesday, August 19th at the Delaware State Fairgrounds

We’ll have more details about our annual meeting in your July newsletter. If you are interested in being a candidate for your Co-op’s Board of Directors, you must submit a petition to our office in Greenwood, DE by June 20th, 2014. The petition must include 15 member signatures. This year, directorships are open in Districts two, (2) five (5) eight (8) and at-large. For more information on the election process, go to www.delaware.coop and search for “By-Laws.” Copies are also available in our office. At our annual meeting, action will be taken on the following items:

1. Registration of members attending the annual meeting2. Report of officers3. Election of four directors for Districts two (2), five (5) eight (8) and at-large4. Any proposed By-Law Amendments5. All other business which may properly come before said meeting.

By-Laws For Board ElectionsArticle IIISection 3: Nomination and Election of Directors

(a) Any fifteen (15) or more members, acting together, may nominate a qualified candidate from any district of the Cooperative from which there is to be elected a member of the Board of Directors at the next meeting of the members held for that purpose. Such petition shall be in writing, signed by the members presenting such position, and filed at the principal office of the Cooperative not less than sixty (60) days prior to the meeting at which such election is to be held. The Secretary shall promptly cause such petition to be posted at the principal office of the Cooperative and shall cause to be mailed with the notice of the meeting a statement of the number of directors to be elected and the names and addresses of the candidates, arranged by districts. Only candidates who have been nominated by petition in accordance with this section shall be eligible for election. The members may, at any meeting at which a director or directors shall be removed as hereinbefore provided, elect a successor or successors thereto without compliance with the foregoing provisions with respect to nominations, except that the new directors must be bona fide domiciliaries in the same district as the directors in respect of whom the vacancy occurs. Notwithstanding anything contained in this section, failure to comply with any of the provisions of this section, shall not affect, in any manner whatsoever, the validity of any election of directors.

(b) Election of directors (and amendments to the bylaws) shall be by printed ballot or voting machines as determined by the Board of Directors; provided that if there are no contested directors’ seats and no proposed By-Law amendments, election of directors may be conducted by voice vote or a show of hands. The ballots/voting machines shall list the candidates arranged by districts. Each member of the Cooperative present in person at the meeting shall be entitled to vote for one candidate from each district, for which a director is to be elected. The candidate from each district receiving the highest number of votes shall be considered elected as director.

(c) In the event that the votes counted at any meeting of the members for the election of a Director or amendment of the By-Laws results in a tie vote, such tie vote shall be decided by secret ballot of those sitting directors physically present at the meeting; except that no incumbent director shall be permitted to cast a vote regarding his own re-election.

Special Race Ticket Package for Delaware Electric

Cooperative Members! FREE Fanvision or Racing Electronics Scanner plus a NASCAR Sprint Cup Series race ticket for the June 1, 2014 race held at Dover International Speedway. Only $50 for adults and $35 for juniors, ages 14 and younger. This package includes access to the all new General Admission seating section in addition to a free FanVision or Racing Electronics scanner rental for the day!

FanVision gives fans exclusive wireless access to live broadcast video feeds; eight onboard cameras; official timing, data, statistics and analysis; the ability to follow up to three specific drivers; instant replays; and a digital scanner, all on a 4.3-inch screen that gives fans an unrivaled event experience. The Racing Electronics scanner gives access to radio communications between drivers and their crew chiefs, making fans feel like they’re right in the cockpit of the car or atop the pit box throughout the race.

Go to:www.monstermileoffers.com\coopmembers to order today!