NEW GRAND PRIZES! - Western Illinois Electrical Coop.

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NEW GRAND PRIZES! - Western Illinois Electrical Coop.
2021 Annual Meeting

                       Thursday, June 24, 2021
             Registration begins at 5:30 P.M.
        University of Illinois Extension Center
                 550 N. Madison, Carthage, IL

      NEW GRAND PRIZES!
You could win 1000 kWh of free electricity
or one of twenty $50 Farmhouse Meat Co.
             gift certificates!
NEW GRAND PRIZES! - Western Illinois Electrical Coop.
Official Meeting Notice
       Notice is hereby given that the annual         1. To receive reports of officers and
    meeting of members of Western Illinois               manager.
    Electrical Coop. will be held at the              2. To elect five directors to the board
    University of Illinois Extension Center              of directors of the cooperative.
    site in Carthage, Illinois at 7:00 p.m. on        3. To consider such other business
    Thursday, June 24, 2021 to take action on            as may properly come before
    the following matters:                               the meeting or any adjournment
                                                         thereof.

                                                 Report
                                                 to the Members

   Todd Grotts            Kent Flesner
  General Manager         Board President

   The Board of Directors and employees of            You have a stake in this business. As a
Western Illinois Electrical Coop. (WIEC)           member-owner of WIEC, you elect the direc-
invite our member-owners to our 81st Annual        tors who serve on the co-op’s board. By voting
Meeting on June 24, 2021. Doors will open at       at our Annual Meeting, the board members
5:30 p.m. and the business meeting will begin      you “hire” with your vote are the ones who will
at 7:00 p.m. All registered member-owners in       set policy on issues that impact WIEC. They
attendance will receive a $10 bill credit and      guide the cooperative while keeping the mem-
a chance to win some great prizes furnished        bers in mind. We urge you to exercise your
by our vendors and local businesses. WIEC          right to vote and learn more about the finan-
will also award five attending member-owners       cial condition and operation of your coopera-
prize certificates for a bill credit worth 1,000   tive by attending our 81st Annual Meeting.
kWh of free electricity. Come early to enjoy a
delicious ribeye sandwich, ice cream, chips and    The Year in Review (2020)
a cold can of pop or a bottle of water while           WOW!! This was a year that changed how
visiting with neighbors and friends.               and what we did in many ways. Freedom
   During the short business meeting, you will     probably means much more to us today than
elect five directors and hear about challenges     it did before the pandemic. We as Americans
facing WIEC at the state and local levels. We      are so blessed. I believe we forget just how
hope you exercise your right, and responsibil-     blessed we are from time to time in the fast-
ity as a member-owner, to participate in con-      paced world we live in, which came crash-
ducting the business of your cooperative.          ing to a halt with the COVID-19 pandemic.
NEW GRAND PRIZES! - Western Illinois Electrical Coop.
Hopefully, the pandemic is coming to an end         innovation and service to our communi-
soon.                                               ty. Commitment to meeting our members’
   WIEC employees accomplished a great              changing needs has been our #1 reason for
deal in 2020. We completed the installation         success.
of 23 new services along with 16 upgraded              The electric industry continues to experi-
services. WIEC continued its pole inspection        ence drastic changes due to ever-increasing
program and changed out 194 poles in 2020.          U.S. and state environmental regulations. As
We continue to be proactive on our line main-       more electric utilities pursue zero or low-car-
tenance to increase our reliability and mitigate    bon initiatives by 2035 and beyond, this
outages for our members.                            challenge will grow more complex. Large-
   This was the first year WIEC contract-           scale power suppliers such as coal and nu-
ed with Illinois Forest Products (IFP) for          clear plants are being closed and replaced by
vegetation management. This helped our line         alternatives on a much smaller scale. Electric
crew focus on maintenance of existing lines         cooperatives and others in the energy sector
and new construction. IFP continues to be           will continue to develop renewable options
very busy completing service orders for tree        and pursue new technologies. However, absent
maintenance for members. IFP also works in          new large-scale alternatives and advances in
WIEC right-of-ways throughout our entire            energy storage, coal and nuclear energy facili-
system. WIEC sprays two substation areas            ties must continue to operate. WIEC believes
per year. IFP sprayed the Lomax substation          in an “all of the above” energy policy, which
area located in Henderson County and the            includes clean coal and renewable energy re-
Powellton substation area located in Hancock        sources. There will be a lot of pressure both
County in 2020.                                     federally and by the State of Illinois to close
                                                    Prairie State Energy Campus (a coal plant
   WIEC also worked with Memorial                   located near Marissa, Ill., which generates
Hospital on getting a zero percent USDA             about 60% of WIEC’s power). Prairie Power
loan in the amount of $840,000 that will            Inc., WIEC’s wholesale power supplier, is
help with technology and equipment for the          working with its Board of Directors and many
hospital. This equipment will help meet the         other Illinois co-ops and legislative represen-
needs of residents in Hancock County and the        tatives on the impact to cooperative members
surrounding areas. Concern for Community            of a premature closing of Prairie State Energy
is one of our seven core principles, which we       Campus.
take very seriously. We want to do what we
can to help our community grow and be a                In 2021, we are looking at staying current
great place for future generations to raise their   with technology so we are not left behind.
families.                                           Staying up-to-date with technology has a
                                                    cost. Weighing the benefits versus the costs is
                                                    very important to WIEC Directors. WIEC
Planning
                                                    changed out approximately 1,200 meters at
   As an electric co-op, WIEC is part of a
                                                    the beginning of 2021. The newer meters have
group that collectively represents the largest
                                                    better technology and will give WIEC better
electric utility in the country. Co-ops have
                                                    data to assist with our future engineering work
evolved in an ever-changing industry with
                                                    plans. The information the new meters gener-
new technology, new sources of energy, chang-
                                                    ate will have a huge impact on strengthening
es to the energy market, increasing costs and
                                                    WIEC’s infrastructure for years to come.
increasingly restrictive regulations. The secret
to our success is simple. It is our commitment         WIEC has also purchased some other new
to core values like integrity, accountability,      technology. We invested in fault indicators to

                                                                                                  1
NEW GRAND PRIZES! - Western Illinois Electrical Coop.
help identify where short power interruptions        to read our monthly newsletter in the center
or “blinks” are happening. These “blinks” are        of Illinois Country Living magazine, be in-
very frustrating for you as a member and for         formed and stay current on what is happening
WIEC employees. We hope this new tech-               locally and nationally. WIEC is only as strong
nology will cut down on the time it takes us         as our membership makes us.
to identify the problem. In the past, we would
                                                        We would love to see you at our 81st
patrol lines and many times have no idea
                                                     Annual Meeting, where our great group of
where the problem was until the equipment
                                                     employees will be on display doing what they
failed completely. There were also times when
                                                     do every day for our membership, serving at
it was intermittent. The new fault indicators
                                                     the highest level. Talk with your directors.
will point us to the problem in a more efficient
                                                     Cooperatives are like every other organiza-
manner. Providing reliability is very important
                                                     tion—those who participate make the de-
to us. We thank you for your patience in situa-
                                                     cisions. As owners of the cooperative, those
tions when you experience “blinks” or outages.
                                                     who attend annual meetings are the ones who
    As previously mentioned, WIEC is also            hear the reports and vote for those that will
staying aggressive on vegetation management.         lead the co-op and make decisions that will
It is critical for safety and reliability reasons.   have an impact. Think about the big picture;
WIEC initially contracted with IFP in March          your vote at the Annual Meeting will elect the
2020. This has been an adjustment for our            directors who work with the manager and em-
members. IFP workers are tree professionals          ployees who manage the system which delivers
and follow Dr. Shingo’s Tree Trimming Guide,         power to you. Your involvement in your coop-
a nationally recognized method for tree trim-        erative really does matter. This cooperative was
ming. The way they trim trees and the way our        built to serve you, the member.
line crew trimmed trees in the past are very
                                                      Please join us for WIEC’S Annual
different. We are working with IFP on pro-
                                                     Meeting on June 24, 2021.
cedures so that in the future there will be no
surprises to our members on how their trees
will be cut. WIEC has renewed IFP’s contract            I would encourage you, as a member,
for 2021.                                             to send in any questions. We will try to
   WIEC is getting a new substation in 2021           answer as many questions as we can at the
southwest of LaHarpe, IL. This substation has         Annual Meeting. If we are not able to an-
been in progress for the last few years. This         swer the question at the Annual Meeting,
will help all members in Henderson County             we will answer all questions through our
and members in northern Hancock County                newsletter, website, Facebook page and a
have more reliable electricity and service.           letter included with your bill. We will do
WIEC does not own any of the substations;             our best to answer all questions submitted
however, this will make seven total substa-           by members.
tions on the WIEC system. All substations are
owned by Prairie Power, Inc. (PPI), WIEC’s
wholesale power supplier.                               If the State of Illinois does not allow
   There is a lot going on at WIEC as we              WIEC to gather in person, we may have
do our very best to keep the lights on with           to cancel this year’s Annual Meeting due
rates as cost-effective as we can, while look-        to the pandemic and rules on larger gath-
ing to improve for the future. We encourage           erings. If this does happen, we will send
our member-owners to take an active part in           a letter informing all members of that
the cooperative. We challenge our members             decision.

2
NEW GRAND PRIZES! - Western Illinois Electrical Coop.
Minutes From The Western Illinois Electrical Coop.
              Annual Meeting Of Members
JUNE 27, 2019
   The 80th Annual Meeting of Members of               official guide on parliamentary procedures
Western Illinois Electrical Coop was held at           for this meeting.
the Hancock County Cooperative Extension
                                                    4. In order to allow complete discussion
in Carthage, Illinois, on Thursday, June 27,
                                                       on motions, each person recognized by
2019, at 7:00 p.m.
                                                       the chair may speak to a motion up to 3
   The meeting was called to order by Kent             minutes. Each person shall be allowed to
Flesner, President, who presided.                      speak twice on a given motion, but the
   Invocation by Reverend Dave Poland and              second time only after all others wishing
Pledge of Allegiance by Bill Newton.                   to speak to the motion have been heard.

   The President then introduced the board of       5. In the event of a tie vote in balloting for
directors and the district which they represent.       directors at his Annual meeting, the tie
He then introduced Janet Spory, Secretary,             shall be broken by lot between the tied
who read the Notice of Meeting, together               candidates.
with the Proof of mailing thereof to all mem-
bers of the cooperative and reported the fol-
lowing members present in person or by proxy,
and stated that the following constituted a
quorum.
Names have been omitted here: 122 members
present in person, 55 represented by proxy.
   The President thereupon declared a quorum
present, an official meeting, and directed the
Notice of Meeting and Proof of Mailing to be
attached to the Minutes of this meeting.
   President Flesner then introduced Tom
Hartzell, the cooperative attorney, who pre-
sented the Rules of Assembly resolution, and
recommended its adoption for the conduct of
this meeting.                                         It was therefore moved, seconded and car-
                                                   ried, that the forgoing resolution be adopted.
   RESOLVED, that the following rules of
order shall be adopted for the conduct of this        The Secretary presented the minutes of the
annual meeting of members:                         last Annual Meeting of Members held June
                                                   28, 2018, as mailed with the Annual Meeting
 1. The program printed in the Notice of the       Notice. It was therefore moved, seconded and
    Annual Meeting shall be the agenda for         carried, that the minutes of the last Annual
    the meeting.                                   Meeting of Members be approved.
 2. The corporate attorney is hereby appoint-         The treasurer’s report was presented by
    ed parliamentarian for the meeting.            Janet Spory, Treasurer, and on motion duly
 3. Roberts Rules of Order shall serve as the
                                                                               (Continued on page 4 )
                                                                                                     3
NEW GRAND PRIZES! - Western Illinois Electrical Coop.
(Minutes continued from page 3)
made, seconded and carried; the report was         of the cooperative 20 days before the annual
approved as presented.                             meeting and that the committee had made the
   Certificates were presented to the follow-      nominations as reported.
ing employees for service awards: Greg Bolton         Attorney Hartzell pointed out that the
for 30 years; Todd Grotts for 10 years; Tim        bylaws permit nominations to be made by pe-
Shumate for 10 years; Eric                                        tition, but no nominations by
Belshaw for 5 years.                                              petition have been made.
   The President introduced                                            A motion was made and
Manager Todd Grotts, who                                           seconded that the nomina-
introduced the guests that                                         tions be closed and the above
were in attendance.                                                named persons were elected
   President Kent Flesner                                          by acclamation to serve for
stated that the next order                                         a term of 3 years or until the
of business was the election                                       successor shall be duly elected
of directors and turned the                                        and qualified.
meeting over to Attorney                                               President Kent Flesner
Hartzell, who proceeded                                            introduced Penny Roberts of
with the election of directors.                                    AirMedCare who spoke con-
He announced the appoint-                                          cerning the service offered by
ment by the president of the                                       AirMedCare.
tellers of election.
                                                                       President Kent Flesner
   Attorney Hartzell called upon Jason             then introduced Eric Hobbie who spoke con-
Jacquot, Chairman of the Nominating                cerning the operations of Prairie Power, Inc.
Committee to report. Mr. Jacquot pointed
                                                     President Kent Flesner then introduced
out that the committee on nominations con-
                                                   Duane Noland who spoke about AIEC.
sisting of Jason Jacquot, Chairman, Harold
Hendrick, Brad Flatt, Spencer Berry, Bryan           President Flesner then drew for prizes.
Stevens, Robert Menn, Max Roskamp, Austin            President Flesner gave the President’s
Ufkes and Jonathan Fecht and had met in ac-        message.
cordance with the bylaws on March 26, 2019
and April 2, 2019. He reported the committee         President Flesner drew for more prizes.
prepared a list of nominees for directors of the      Manager Todd Grotts gave the Manager’s
Cooperative to be voted upon at this Annual        report
Meeting and posted the list of nominees ac-
                                                      President Flesner then asked for any unfin-
cording to the bylaws. He presented the list of
                                                   ished business and any new business.
nominees:
                                                      Manager Grotts answered questions from
    District No. 4 – Kent Flesner
                                                   the members.
    District No. 5 – Mark Burling
                                                      President Flesner announced the grand
   Attorney Hartzell explained the various
                                                   prize winners.
methods of placing names in nomination for
directors provided in the bylaws. He report-          There being no further business to come
ed that the committee on nominations duly          before the meeting, upon motion duly made,
convened in compliance with the bylaws and         seconded and carried, the meeting was
the committee prepared and posted a list of        adjourned.
nominees for directors at the principal office
4
Your Cooperative
By the Numbers
                                                   Prairie Power Inc.
As of 12-31-2020, hours worked
                                                   electric generation
since last OSHA lost-time injury:
                                                   capacity from
96,998                        MITMENT T            wind and solar
Safety culture - WIEC       OM            O:       in 2020:
makes workplace
                        C

safety a priority,                                 3.7%
providing regular
safety training,
reminders and pro-
cedures to ensure
our employees get       ZE
                             RO               TS   Average times a member
home safely at the                C O N TAC
end of each day.                                   experienced an outage in 2020:
                                                   0.8   (less than one time per member)

New services
connected in
2020: 23

                                                   Miles of line in
                                                   2020:1220
Capital credits returned to                        WIEC maintains 1,220 miles
                                                   of line that delivers
members in 2020:                                   electricity to our
$232,714 general retirements.                      membership.
                                                   6.1%
$77,799 early estate retirements.                  underground
                                                   line 93.9%
Capital credits are your return on investment      overhead line.
in your co-op. Annual allocations are held by
the cooperative as equity, which allows us
to reduce borrowing costs while maintaining
your
distribution                                       As of 12-31-2020,
plant, until                                       total number of
retired.
                                                   employees: 15
                                                   Directors: 7

                                                                                           5
Treasurer’s Report
                     Below are the financial             The auditors have determined that these
                   reports for 2020 based             reports represent fairly the financial position
                   on the year-end audit by           of the Cooperative as of December 31, 2020.
                   Kelso Lynch, P.C., P.A. of         Any members who are interested in reviewing
                   Mission, KS. The audit de-         the full audit report provided by Kelso Lynch
  Janet Spory      termined that the books of         are welcome to stop by the WIEC office. We
the cooperative were maintained in accordance         will be glad to make the report available to
with generally accepted accounting principals.        you.

Income Statement
Operating Revenue                                                 2019                            2020
    Electricity Sales                                   $9,619,431.00                  $9,491,354.00

Expenses
    Cost Of Purchased Power                             $6,302,092.00                  $6,015,140.00
    Distribution Expenses                                $993,961.00                   $1,081,580.00
    Customer & General Expenses                          $872,952.00                    $842,527.00
    Depreciation & Amortization                          $746,905.00                    $763,392.00
    Taxes                                                  $15,501.00                     $17,764.00
    Interest                                             $306,808.00                    $309,096.00
      Total                                             $9,238,219.00                  $9,029,499.00

Margins
    Operating Margins                                     $381,212.00                      $461,855.00
    Non-Operating Margins                                  $12,055.00                      $254,137.00
    G&T And Other Capital Credits                         $409,482.00                      $414,882.00
Total Margins                                           $802,749.00                  $1,130,874.00

How Your Dollar Was Spent
                                                         Distribution     Depreciation &
                            Cost of Purchased Power       Expenses         Amortization
                                      66%                    12%               8%

                                                               Customer & General      Taxes &
                                                                    Expenses           Interest
                                                                       9%                3%
6
Balance Sheet
Assets                                       12/31/19        12/31/20
Utility Plant
  Electric Plant In Service               $26,532,032     $27,232,741
  Construction Work In Progress                $5,945          $9,325
                                          $26,537,977     $27,242,066
    Less: Accumulated Depreciation       $(10,778,762)   $(11,177,240)
Total Utility Plant                       $15,759,215     $16,064,826
Investments                                $7,104,005      $7,905,619
Total Current Assets
  Cash And Cash Equivalents                  $927,865        $556,106
  Accounts Receivable                        $883,581        $828,631
    (Provision For Bad Debt Included)
  Materials And Supplies                     $220,080        $215,486
  Other Current Assets                        $25,617         $25,696
    Total Current Assets                   $2,057,143      $1,625,919
Dererred Debits                              $293,850        $216,303
Total Assets                              $25,214,213     $25,812,667

Members’ Equity And Liabilities
Members’ Equity
  Members’ Capital Credits                $11,922,032     $12,492,495
  Current Year’s Margins                     $802,749      $1,130,874
                                          $12,724,781     $13,623,369
Long-Term Debt
  Borrowed From NRUCFC                     $8,347,623      $7,773,318
  Economic Development Loans-USDA          $2,964,811      $3,356,766
                                          $11,312,434     $11,130,084
    Less Current Maturities               $(1,019,000)    $(1,055,405)
Total Long Term Debt                      $10,293,434     $10,074,679
Current Liabilities
  Accounts Payable                           $646,576        $628,005
  Current Maturities Of Long-Term Debt     $1,019,000      $1,055,405
  Notes Payable                              $235,000         $85,000
  Accrued Liability                           $27,138         $25,090
  Other Current Liabilities                  $181,145        $189,499
    Total Current Liabilities              $2,108,859      $1,982,999
Deferred Liabilities                          $13,329         $13,654
Retirement Benefits                           $73,810        $117,966
Total Members’ Equity & Liability         $25,214,213     $25,812,667

                                                                     7
Director candidates
District 1: Kim R. Gullberg
                 Kim R. Gullberg, Stronghurst,           In addition to the WIEC Board, he serves on
              has been selected by the nomi-         the board of his local grain elevator, as well as on
              nating committee as a director         the Henderson County Board. Kim believes the
              candidate from District 1. Kim         toughest issue for the co-op, as well as for most
              is a Western Illinois University       other businesses today, is managing costs. Kim
              graduate as well as the owner of       states that “working to improve energy costs and
and Engineering Manager at The D C Cooper            reliable supply” is very rewarding.
Company, located in Stronghurst. Kim is also a           Kim was appointed to the WIEC Board in
farmer. He and his wife, Sherry, have been mar-      2014 and is seeking his third full term on the
ried for 42 years and have raised their four chil-   WIEC Board of Directors.
dren in that time. One of Kim’s biggest joys in
life is working on projects with family, and that
now includes several grandchildren to help.

District 2: Dustin Walker                            District 3: Jay D. Morrison
                 Dustin “Dusty” Walker, Burnside,                     Jay D. Morrison, Niota, has been
               has been selected by the nominating                  selected by the nominating com-
               committee as a director candidate                    mittee as a director candidate from
               from District 2. Dusty grew up on                    District 3. Jay is a Colusa native
               a farm outside of Powellton. After                   who graduated from Nauvoo-
               graduating from Nauvoo-Colusa                        Colusa High School then went
High School, he went on to attend Quincy             on to earn his BS in Ag Business from Western
University where he earned a BS in Business          Illinois University. While at Western, Jay was
Finance. Afterward, he sold farm machinery           introduced to his wife Lisa by mutual friends
at Martin-Sullivan for a time, then moved on         and the couple have now been married for 33
to Farm Credit where he has been selling crop        years. Their children, Rachel and Ryan, are now
insurance for the past 18 years. He and his wife     grown and have given them 2 granddaughters to
of twenty-plus years, Stephanie, are raising their   spoil. Jay is currently a grain farmer, retired from
4 children (Liz, Anna, Brook, and Josh) about a      his former positions of Executive VP and Loan
mile away from the ground he grew up on and          Officer at Fortress Bank.
continues to farm still with his family.                 In addition to being a WIEC Board member,
    Dusty wants to be a WIEC Board member            Jay has served on the boards of both his local
for a couple of main reasons. #1 is that we’re a     telephone cooperative and bank. He has also
co-op! He feels he has been very fortunate to        been a volunteer firefighter. Jay says the most in-
be a part of the cooperative model of business       teresting thing he has learned as a WIEC Board
through his employment with Farm Credit. He          member is just how complex the operations of
sees the value in and wants to work more with        electrical generation and distribution are. In Jay’s
the people and industries in his local communi-      opinion, electrical generation, transmission, and
ty. Dusty believes that being a WIEC Director        distribution options and the changing technolo-
would allow him to do just that. In addition,        gy related to them means there is always some-
Dusty says, “All of us use electricity every day.    thing new to learn for a WIEC Board member
Consistent and reliable delivery of electrici-       in order to make informed decisions.
ty is a crucial part of how our society currently        Jay has served as Vice President and Assistant
functions.”                                          Secretary-Treasurer during his time on the
    Dusty is seeking his first term on the WIEC      WIEC Board. Originally elected in 1994, Jay is
Board of Directors.                                  now seeking his tenth term on the WIEC Board
                                                     of Directors.
8
District 6: Robert M. Gronewold                     District 7: Janet Spory
                 Robert M. Gronewold, Carthage,                       Janet Spory, Sutter, has been se-
               has been selected by the nomi-                     lected by the nominating commit-
               nating committee as a director                     tee as a director candidate from
               candidate from District 6. After                   District 7. She is an Adams County
               graduating from Carthage High                      native who graduated from Unity
               School, Rob attended Augustana                     High School and received Associate
College and graduated with a BA in Business         Degrees from both John Wood Community
Administration. He has 2 children, Laci (17) and    College and Gem City College. Continual, on-
Landon (15.) Rob spends many of his days in         going education has also been a part of Janet’s
the Macomb area as a full-time letter carrier for   28-year career in banking. She is currently the
the United States Postal Service, but he is also    Trust Operations Manager at Mercantile Bank
a grain farmer. Rob loves farming and says it is    in Quincy, IL. She and her husband, Wayne, are
his dream job. Rob is a member of the Trinity       the parents of two children, Faith and Ryan.
Lutheran Church of Carthage and the American           Janet feels it’s important for the co-op’s
Postal Workers Union (APWU).                        younger members to get involved. She proj-
    Gronewold says one of the most interesting      ects the biggest change we will see in the next
things about being a Board member is just how       10 years to be an increase in the reliability of
involved it is. The WIEC Board makes decisions      renewables.
at almost every monthly meeting that direct-           Originally elected to the WIEC Board in
ly impact the members of the co-op. He also         2002, Janet has served as its Secretary-Treasurer
believes that this group decision-making is the     since 2005 earning her Credentialed Cooperative
biggest strength of being a cooperative. Rob con-   Director certificate along the way. Janet is now
siders being a Board member a great privilege.      seeking her seventh term on the WIEC Board of
    Rob has been on the WIEC Board since            Directors.
1989. He has served as Secretary-Treasurer and
as President (2 different times) over the years
and is now seeking his twelfth term on the
WIEC Board of Directors.

       2021 nominating committee

       2021 nominating committee members included: (front row, L to R) Bradley Flatt,
       Harold Herdrich, Todd Beeler, Robert Menn, Rod McGaughey; (back row, L to R)
       Lyman Ross, Spencer Berry, Jeremy Kerr, Max Roskamp, Austin Ufkes, Rod Pence.

                                                                                                     9
Proposed WIEC
     Bylaw Changes
     The following change is
     proposed to the WIEC bylaws:
     • The discount rate to be used in mak-
       ing the computation of the value of
       the capital credits for early retire-
       ments shall be equal to the weight-
       ed average cost of capital (which
       includes both debt and equity com-
       ponents) of the Cooperative then
       available as determined by the Board
       of Directors.

     Summary of Proposed
     Changes
     ARTICLE ll – RIGHTS AND
     LIABILITIES OF MEMBERS
     SECTION 4. Liens and Rights of Set
     Off.
     The Cooperative shall have a lien on
     and the right to set off any debts due
     by said Member to the Cooperative
     against capital credits assigned, allo-
     cated or accrued to the account of any
     Member for any debt or sum of money
     due the Cooperative from that Member
     of whatever kind, including but not
     limited to charges for electric service,
     damage to Cooperative property, pur-
     chases from the Cooperative, late fees
     and attorneys’ fees and Court costs
     incurred in the collection of any such
     indebtedness. The amount of set-off
     shall be based upon the present value of
     those capital credits. The present value
     shall be computed on the basis of a 30-
     year revolvement of capital credits. The
     discount rate to be used in making the
     computation of the value of the capital
     credits shall be equal to the weighted
     average cost of equity capital of the
     Cooperative then available as deter-
     mined by the Board of Directors.
10
Western Illinois Electrical Coop
Employees

Todd Grotts              Ryan Biery               Wendi Whitaker               Eric Johnson
General Manager          Manager of Operations    Finance and Accounting       Line Foreman
13 years                 6 years                  Manager – 2 years            34 years

Greg Bolton              Karmen Metternich         Cody Grainger               Andy Lafeber
Mechanic/Groundman       Billing Coordinator       Area Serviceman             Crew Foreman
32 years                 23 years                  19 years                    19 years

              Tim Shumate              Eric Belshaw              Mandy Steinkamp
              Journeyman Lineman       Journeyman Lineman        Administrative Professional
              13 years                 7 years                   3 years

                         David Peer                Kyle Tanner
                         Staking Technician        Apprentice Lineman
                         2 years                   2 years

                                                                                               11
Your neighbors as your
Board of Directors

       DISTRICT 1
     Kim Gullberg

       DISTRICT 2
 Currently vacant;
     Dusty Walker,
       Nominee

       DISTRICT 3     DISTRICT 4      DISTRICT 5        DISTRICT 6           DISTRICT 7
     Jay Morrison    Kent Flesner   Mark Burling     Robert Gronewold       Janet Spory
                      President     Vice President                      Secretary-Treasurer
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What’s in it for me?
          (SO MANY REASONS to attend WIEC’s Annual Meeting –
                  everyone has a different favorite!)
z Hear about the condition of your co-op.      z There will also be drawings for 5 separate
                                                Prize Certificates from the co-op worth
z Participate in the decision-making
                                                1000 kWh of free electricity each.
 process - 5 directors up for election
                                               z Prize give-a-ways from local and
z Visit with friends and neighbors you
                                                electrical industry vendors.
 haven’t seen in a while.
                                               z A FREE MEAL! Ribeye sandwiches
z FREE blood pressure screenings by the
                                                from Sly Fox, chips and beverages will be
 Hancock County Health Dept.
                                                served to you by your Board members.
z $10 bill credit for all members who
                                               z And dessert! Don’t forget the Dilly bars!
 attend.
                                                Various flavors to choose from.
z There will be drawings for 5 separate
                                               z NEW DOOR PRIZES! There will
 $10 bill credits from the group of signed
                                                also be drawings for 20 separate $50 gift
 proxies received.
                                                certificates to use at Farmhouse Meat Co.

                             PROXY
  The undersigned member of Western Illinois Electrical Coop. hereby c­ onstitutes
and appoints:


                              (name of person appointed)

who is also a member of said cooperative, as my proxy to vote at the meeting of the mem-
bers to be held at Carthage, IL on June 24, 2021.

    Dated this			                        day of                                    , 2021


                           (Signature of person giving proxy)

NOTE: one attending member may vote up to three signed proxies
If you are a church, school, business, or other organization that requires a voting representative,
please provide your representative with a written statement, on letterhead, validating their
position as voting representative for your organization.

                                                             Registration Card
 Please bring the card below with you to the annual meeting. It will help speed
registration along, then be used to process your $10 bill credit for attendance.
   In addition, it will also be used as your entry into multiple prize drawings.
   Permit No. 609
   First Class Mail

   Springfield, IL
   PRESORTED

    U.S. Postage
        PAID

                                                                                                  REGISTRATION CARD
                                 ADDRESS SERVICE REQUESTED
            Carthage, IL 62321
            P.O. Box 338
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