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Board of Directors
Leadership through cooperation.
A Message from the Chairman
Board Responsibilities
Cooperative Operations
By-Laws
Graham Swafford
Chairman
District 3
Daniel Davenport
Vice Chairman
District 8
Dr. Randall Vinson
Secretary-Treasurer
District 1
Richard Barnes
District 2
Roger Powell
District 4
Michael Jordan
District 5
Judy Fults
District 6
Jerry Don Thomas 
District 7
Diane Harmon
District 9
Johnny Nale
District 10
Bobby Collier
District 11
Bob Matheny
President/CEO
   

A Message From the Chairman

 

Welcome,

The Board of Directors, management and employees of Sequachee Valley Electric Cooperative are pleased to welcome you as a potential new member of the Cooperative. We are proud of the quality of service which the Cooperative provides, and we pledge to you that we will make every effort to make your association with the Cooperative a pleasant one.

When you receive service with SVEC, you become a member of a non-profit organization devoted to providing the best possible service to its members. We hope that you will take the opportunity to learn more about the business in which you have an interest and to participate in its activities.

This web site has been developed to provide you with facts and information you need to understand your relationship to the operation of the Cooperative. If you have questions not covered on this web site, please e-mail us or call one of the local offices listed.

Your membership in the Cooperative can provide benefits more than regular electric service. We hope that you will attend the Annual Meeting of the membership and take advantage of the other opportunities of membership.

Graham Swafford,
Chairman, Board of Directors

BOARD OF DIRECTORS RESPONSIBILITIES

The operation of the Cooperative is governed by the Board of Directors elected from the Cooperative's members. The Board consists of eleven (11) members, each of whom represents the members of the district where he/she lives. The qualifications and manner of selection of Directors are detailed in the Bylaws of the Cooperative, a copy of which is available at your district office. Board members are elected for terms of four (4) years.

The officers of the Cooperative are elected annually from among the Board members. They perform the duties detailed in the Bylaws. Among these duties are the conduct of regular monthly Board meetings at which they review operations, adopt policies for the governance of the Cooperative, approve budgets, contracts, and other actions, and make long-range plans for the future operation of the business. Board meetings are usually held at the headquarters office in South Pittsburg but occasionally are conducted at a district office. Board meetings are generally held on the second Thursday of each month. The names of current members of the Board of Directors and districts they represent can be secured from any of the Cooperative's four offices.

The Board of Directors selects and appoints a President/CEO, who is the Chief Operating Officer of the Cooperative and responsible for the day-by-day operation of the business.


COOPERATIVE OPERATIONS

An electric cooperative is a service-oriented business organization which is owned by the people who receive electricity from it. It is a not-for-profit operation, and any revenues received in excess of the amount needed to run the business are retained in the names of the members as investment capital (Patronage Capital) to enable the Cooperative to build equity to a point that the business will no longer have debt or need to borrow money to build additional lines.

As a corporation, Sequachee Valley Electric Cooperative pays ad valorem property taxes to each of the 17 taxing districts where it has facilities. Because it is a non-profit operation, the Cooperative is exempt from the payment of some federal taxes, but not all.

When a person applies for electric service with the Cooperative, he/she also applies for membership in the Cooperative. This membership entitles that person to attend the annual and any special membership meetings and to participate in the election of the Board of Directors who govern the operation of the business.