Annual Report - Withlacoochee River Electric

To exceed our Members’ expectations by
providing safe, affordable and reliable
electric service while enriching and
strengthening the communities we serve.
TABLE OF CONTENTS
Enjoying Our Communities . . . . . . . . . . . . . . . . . . . .2
Executive Vice-President & General Manager’s Report . . .4
Members Helping Members . . . . . . . . . . . . . . . . . . . .6
WREC Educational Foundation, Inc. . . . . . . . . . . . . . . .7
Board Of Trustees . . . . . . . . . . . . . . . . . . . . . . . . . .8
Member Support . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Year In Review . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Community Support . . . . . . . . . . . . . . . . . . . . . . . . 12
Management Team . . . . . . . . . . . . . . . . . . . . . . . . 13
Economic Development . . . . . . . . . . . . . . . . . . . . . 14
Financial Reports . . . . . . . . . . . . . . . . . . . . . . . . . 15
PAGE 1
PAGE 2
American Express has a national program
called “Shop Local” where one Saturday a
month in partnership with the local Chambers
of Commerce, people are encouraged to shop locally in an effort to support their local economy.
WREC has a similar message “Visit Locally”
where we are encouraging our Members to
pause, look at their surroundings and witness the
many exciting and beautiful attractions that we
call home.
In our five county service territory, from Crystal River to the outskirts of Lakeland, there is so
much to see and do.
You can begin your journey swimming with
the Manatees in Crystal River. These gentle giants, with an expected life span of 60 years or
more, call Citrus County home. This county is
one of 13 designated manatee counties in the
State of Florida.
Once you’re done swimming with the Manatees, you can travel south to Weeki Wachee and
see the Mermaids at Weeki Wachee State Park.
This 200-acre natural springs park offers a variety of activities such as kayaking, river boat
cruises and Florida’s only spring-fed waterpark,
Buccaneer Bay.
Grab your fishing gear and enjoy a fishing
trip out of Port Hudson. With a little luck, you
may catch grouper, snapper, or one of many
other species.
Following your coastal excursion, you can
begin your shopping extravaganza! Whether
you are looking for that one antique piece that
reminds you of yesteryear or a new technological gadget that brings you to the future, there
are many shopping areas to visit.
For those that like antiquing, you can stroll
along historic Dade City, one of the 138 antique cities along the Florida Antique Trail
(floridaantiquetrail.com). Visit the many stores
from “Another Man’s Treasure” to “Angel’s Tea
Room” where there is something for everyone.
Once you are done strolling down memory
lane, you can head to the fastest growing area
in the State of Florida, Wesley Chapel! The
Shops at Wiregrass offer shopping, dining and
activities for the whole family to enjoy. Here
you will find stores such as Williams-Sonoma,
White House/Black Market, Forever 21, and Jos.
A. Banks. Whether you show up for the Fresh
Market on the first and third Saturday of each
month or go ice skating (seasonal), you will
enjoy your shopping experience.
Now that you are done with the hustle and
bustle, walk, hike or bike along the Withlacoochee Trail State Park that borders the Green
Swamp. This slice of heaven offers you the
opportunity to bird watch, camp, fish or picnic
enjoying all that nature has to offer.
Like the song, “This Land Is Your Land”
written by Woody Guthrie, “This land was made
for you and me” so enjoy your community and
“Visit Locally”!
PAGE 3
PAGE 4
Dear Member,
Withlacoochee River Electric Cooperative
(WREC) had another productive year and
continues to find ways to provide the best quality service to our Members. That is why I am
pleased to announce that WREC’s website has
been updated to be more Member friendly, and
we have expanded ways to communicate to you
through social media with the use of Facebook,
Twitter and Instagram. You can now follow us
on Twitter or “like us” on Facebook.
Renewable resources currently provide 7%
of the energy you receive. WREC, in partnership with Seminole Electric Cooperative, is
embarking upon building our first large-scale
solar farm. This farm represents our continued
commitment to incorporate renewables into
our energy portfolio and build on our strong
environmental record.
Another major landmark is the completion
of the Lacoochee Community Center and Lewis Abraham Boys & Girls Club. This has been
a long awaited project that serves some of our
most underprivileged Members. The Center
has a Medical Clinic, Boys & Girls Club, Prodigy, Library Services and Pasco County’s Officer
Friendly. This facility is the focal point of our efforts to strengthen northeast Pasco County.
WREC helped bring a YMCA to Citrus County where our Members can take part in health
and wellness programs, youth programs and
other services offered through the YMCA.
Our employees assisted with the construction of two Habitat for Humanity houses in
Hernando County, and they volunteer thou-
While giving of our time
and services, WREC also
continues to provide safe
and affordable energy
to our Members with a
reliability rating of 99.9%.
sands of hours each year in our communities.
Through WREC’s support and sponsorship,
the National Alliance of Mental Illness in Hernando County is able to continue to provide free
services to individuals/families in need.
While giving of our time and services, WREC
also continues to provide safe and affordable energy
to our Members with a reliability rating of 99.9%.
One of our main focuses in 2014 and going
forward is to work with local, state and federal
authorities to combat scammers who target our
Members. These scammers will generally call
impersonating a Cooperative employee and demand immediate payment. The calls look legitimate because the scammers use “Caller ID
Spoofing” to make the targeted Member’s caller
ID falsely read a recognizable area code. We want
to reiterate that WREC will never call to demand
immediate payment. If you receive a call of this
nature, please contact the Cooperative.
Marijuana grow houses are on the rise and
continue to be a major problem. The criminals
involved steal electricity while committing
other illegal acts. The Cooperative has partnered with Law Enforcement to close down
grow houses. We ask you, our Members, to
help battle these illegal operations. WREC is
offering a $500 reward leading to the arrest
and conviction of anyone stealing energy or
operating a grow house that is on the Cooperative’s lines. With your help, we can stop these
thieves and continue to keep electric rates
affordable. I assure you that we are doing all
that we can to combat people who steal energy
from the Cooperative.
In closing, thank you for the opportunity to
serve you and if I may be of assistance, please do
not hesitate to contact me.
Sincerely,
Billy E. Brown
Executive Vice-President & General Manager
PAGE 5
YOUR GENEROUS CONTRIBUTIONS
CAN CHANGE LIVES
In difficult times, many families are stretched to the breaking point. In 2014,
Operation Round-Up disbursed $37,328.00 to help Cooperative families who
have suffered a catastrophic event through no fault of their own.
Since the program’s inception in 1994, the fund has disbursed approximately
$1.8 million to 556 deserving families. This worthwhile program is funded by our
Members who choose to have their electric bills rounded up to the nearest dollar.
The average Operation Round-Up contribution is only 49 cents per month. All
contributions are tax deductible.
To participate in this program,
simply contact your local
WREC office or visit us online at:
www.wrec.net
WREC would like you to meet Ms. Lewandowski. She is a widow
in her 80’s and has multiple health problems that are intensified due
to the extreme heat in her home. Her air conditioning had stopped
working in her home and her health was deteriorating due to the
heat. WREC’s Operation Round-Up stepped in and helped replace
Ms. Lewandowski’s air conditioner at no cost to her.
Members helping Members. Meet Cynthia Pimentel. She is
going through a very rough time having been diagnosed with a
serious illness. Prior to her illness, this single mom was working
full-time and raising her son. Cynthia is unable to work while
undergoing treatments and is facing a difficult financial situation. WREC’s Operation Round-Up program is assisting with
her mortgage payments while she is having treatments. This assistance could not be provided without the generosity of WREC
Members who round their electric bill up to the nearest dollar to
support other Co-op Members who have suffered a catastrophic
event through no fault of their own.
PAGE 6
INVESTING IN EDUCATION
IN SCHOLARSHIPS AWARDED!
Investing in our communities and families continues to be one of the guiding principles of electric
cooperatives across the country. Since 1997, your Cooperative’s Educational Foundation has awarded
over 1,434 college scholarships with a potential payout of over $7.6 million. The recipients of these
scholarships can attend any in-state, regionally accredited college, university or technical school.
The Cooperative funds this worthwhile program using abandoned Capital Credits that
would otherwise be forfeited to the State of Florida as abandoned property.
Educational Foundation
SCHOLARSHIP
REQUIREMENTS
APPLICANTS MUST...
•Be a high school senior and maintain a
minimum 2.0 GPA.
•Be a bona fide resident within the service
area of WREC, Inc., for at least one year prior
to December 31 of the application year.
•Be the dependent of a WREC Member.
•Plan to attend an in-state college, university
or technical school full-time (minimum of 12
credit hours per semester).
•Maintain a 2.0 GPA (or higher if mandated
by the institution) each semester to maintain
eligibility.
Successful candidates will receive $1,250 per
semester (maximum $10,000) for undergraduate
studies. The screening and recommendation of
candidates will be at the discretion of a committee
designated by WREC. Application forms are available after December 1st of each year at your high
school guidance department or any WREC office.
Dear WREC Educational
Foundation,
I’m sincerely honored to be
chosen for the WREC Educational Foundation Scholarship,
and I’m overcome with gratitude
Anthony Politano
and appreciation for this award. Wesley
Chapel High
Thanks to the generous support
Class of 2014
of donors such as you, students
from difficult financial backgrounds are able to afford to attend colleges and universities that would
normally be out of reach. This award will have a
very positive effect on my future. Your scholarship
will help me considerably as I enter Florida State
University for the Fall semester of 2014 with plans
of completing their 5-Year Combined Bachelor’s /
Master’s Degree Program In Statistics.
Thank you once again for honoring me as the
recipient of your scholarship and for helping put
this particular dual degree within reach. I will be
forever grateful for your assistance.
Sincerely,
Anthony J. Politano, III
Wesley Chapel High School
Dear WREC Educational Foundation,
I would like to express my sincere
gratitude for the generous scholarship the
WREC Educational Foundation, Inc., has
awarded me. The Foundation’s investment
in the youth of our community helps us
Megan Ekstrom
achieve our academic potential with the
Weeki Wachee High
resources necessary to further our educaClass of 2014
tion and build a better future. In a climate
of decreased funding offered for higher education, this
scholarship will enable me to center my attention on my
studies without the distractions of financial uncertainty.
As a student enrolled at the University of Florida (Fall
semester 2014), I am looking forward to being a part of the
College of Nursing, a world-class health science center, in
a profession with a passion for science and caring. I am
grateful for the opportunities that have presented themselves and for the Foundation’s financial support so that I
may pursue my dreams.
Again, I wish to humbly express my appreciation to
WREC Educational Foundation, Inc., for your generosity
and for investing in my education.
Sincerely,
Megan R. Ekstrom, Senior
Weeki Wachee High School
PAGE 7
WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE
DISTRICT 1
DISTRICT 3
Robert W. Strickland
Vice-President
Patricia B.
Bechtelheimer
DISTRICT 2
Jack N.
Hunnicutt, Jr.
PAGE 8
DEDICATION AND EXPERIENCE
Withlacoochee River Electric Cooperative’s democratically elected Board of
Trustees has a fiduciary responsibility for the governance of the Cooperative and
its subsidiaries, serving to oversee and shape policies keeping the Cooperative
and its subsidiaries on a steadfast focused course.
Your Trustees are a dedicated experienced group of professionals who share
in an unfounded loyalty for, and commitment to, the Members throughout our
five county service territory. They act on behalf of you, our Members, carrying
out their principal responsibility to evaluate and create policies to ensure your
Cooperative provides safe, affordable and reliable service; all while adhering to
our core value... to strengthen the communities we serve.
DISTRICT 5
DISTRICT 7
DISTRICT 9
James E.
Hines
Desmond G.
Little
Richard J.
Kinney
DISTRICT 4
DISTRICT 6
DISTRICT 8
Alan F. Hengesbach
Secretary/Treasurer
Terrence E. Schrader
President
Paul R.
Little
PAGE 9
SAVE TIME AND NATURAL RESOURCES
WITH WREC’s 24/7 ACCESS
In 2014, WREC began the redesign of its
website, www.wrec.net. The new site has additional safety features to protect Member
identity. It also features a “Kid’s Energy Zone”
which teaches children energy conservation
and safety through games, videos and activities. It provides Members 24-hour access to
WREC and supports many mobile platforms.
Some of the features offered on the www.wrec.net website include:
• Member support information
• View and pay bills
• Energy saving and safety tips
• “Kid’s Energy Zone”
• Schedule services
• Co-op Connections savings program
Check out the new look, new style and all the convenient
features at www.wrec.net!
PAGE 10
2014
YEAR IN REVIEW
january
february
Contract crews began work
in west Pasco and Hernando
counties on rebuilding aging
infrastructure and improving
system reliability.
The ribbon was cut on the brand new Lacoochee Community Center. The facility houses the Boys & Girls Club,
Premier Community Health Clinic, and Pasco County
Sheriff’s Officer Friendly Program. The center brings
much needed resources to our Members in Lacoochee.
april
WREC’s Annual Meeting was held
for Members to participate in the
business of their Cooperative.
july
WREC Members took action
and sent thousands of comments
to the EPA on its Clean Power Plan.
october
WREC’s General Manager, Billy E. Brown, received
a Life Time Achievement Award from the Dade City
Chamber of Commerce for his years of dedication and
commitment to the community.
YEAR-END
may
Board President, Terrence Schrader and
Secretary, Alan Hengesbach, went to Washington
to meet with Members of Congress on issues
facing the Cooperative.
WREC’s Educational Foundation awarded
95 scholarships valued at $10,000 each,
totaling $950,000, to children of
Cooperative Members.
june
Hurricane awareness was our main focus. We
updated our hurricane plan and worked with state
and local governments on hurricane preparedness.
august
september
november
december
WREC implemented a reward program to
combat power theft and marijuana grow houses.
We also worked with local, state and federal law
enforcement to help curtail these issues.
WREC’s Board of Trustees authorized another $15
million Capital Credits refund to Cooperative Members. The Board also increased funding to WREC’s
Educational Foundation Scholarship program to
award 100 scholarships at $10,000 each for 2015.
STATISTICS
march
WREC worked with the National Alliance of Mental
Illness on a fundraiser to help NAMI continue its mission of providing services to Members
in Hernando and Pasco counties.
Cooperative employees pledged over
$37,000 to United Way to help Pasco, Hernando and
Citrus counties. WREC employees also donated
clothing and toys to needy families throughout the
Cooperative’s service territory.
20142004 2013
Average Number of Consumers/Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204,365 . . . . . . . . . . . 177,972 . . . . . . . . . . . 202,353
Total KWH Purchased by Cooperative Members . . . . . . . . . . . . . . . . . . . . . . 3,685,142,759 . . . . . . . . 3,316,756,381 . . . . . . . . 3,565,154,684
Average Monthly Residential KWH Usage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,165 . . . . . . . . . . . . 1,246 . . . . . . . . . . . . . 1,131
Total KWH Purchased by Cooperative . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,826,121,670 . . . . . . . 3,462,695,755 . . . . . . . .3,720,950,873
Cost of Power Purchased by Cooperative . . . . . . . . . . . . . . . . . . . . . . . . . $ 307,534,416 . . . . . . .$ 190,119,970 . . . . . . . $ 297,169,959
System Peak Demand in Kilowatts (KW) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .980,494 . . . . . . . . . . . 881,802 . . . . . . . . . . . 939,208
Number of Full-Time Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 490 . . . . . . . . . . . . . .455 . . . . . . . . . . . . . . 480
Retirement of Capital Credits/Deferred Revenue Reductions . . . . . . . . . . . . . $ 15,186,202 . . . . . . . $ 7,074,533 . . . . . . . $ 15,173,453
PAGE 11
On August 2, 2014, WREC employees were on hand to welcome
the Quintana family to their new home. This was the first WRECsponsored home in Hernando County. West Hernando District
employees and their families rolled up their sleeves to help build
this home. The Quintana’s are a hard working family and are very
grateful for WREC and its employees.
PAGE 12
WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE
DEDICATED AND EXPERIENCED
ACCOUNTING &
FINANCE, Manager
ADMINISTRATIVE
ASSISTANT
Ronnie Deese
Paula Lewis
352-567-5133, x6200
C.L. Calloway
352-795-4382, x4102
MEMBER RELATIONS
WEST HERNANDO
Marlin Sexton
David Lambert
David Gonzalez
District Manager
352-795-4382, x4100
352-567-5133, x6101
ADMINISTRATIVE
ASSISTANT
CRYSTAL RIVER
BAYONET POINT
Joe Marina
District Manager
727-868-9465, x2100
COMMUNITY • SERVICE • VALUE
One of the key elements critical to member satisfaction is reliability.
At WREC, we are committed to streamlining our system and reducing
power outages.
Manager
352-567-5133, x6102
ENGINEERING &
TECHNICAL SUPPORT
Howard Prim
Manager, 352-567-5133, x5100
District Manager
352-596-4000, x3100
ONE PASCO CENTER
Ricky Gude
District Manager
352-588-5115, x1100
2014 - YOUR COOPERATIVE
• Closed the year with 490 full-time employees.
• Added 1,744 new services.
In 2014, WREC...
• Closed the year with 10,922 miles of energized power lines.
• Trimmed tree limbs away from over 1,636 miles of power lines
and completed 2,020 right-of-way related service orders to help
prevent unnecessary power outages.
• Completed 39,773 reconnects and 38,681 disconnects.
• Answered 391,496 customer calls.
• Invested over $20.3 million in new material and equipment.
• Maintained a fleet of 252 vehicles.
PAGE 13
CO-OP GROWTH RATE
The chart below displays your Cooperative’s growth rate of
new connections over the past 15 years.
PAGE 14
2014
219,780
2013
218,440
2012
217,210
2011
217,099
2010
218,057
2009
216,738
2008
215,770
2007
213,362
2006
209,178
2005
199,676
2004
190,720
2003
182,484
2002
176,199
2001
170,998
2000
166,062
Total Number of
WREC Services
140,000150,000160,000170,000180,000190,000200,000210,000220,000
CAPITAL CREDITS
REFUNDS 2010 - 2014
Your Cooperative has returned more than $282 million in Capital Credits.
2014
$15,186,202.39
2013
$15,173,453.48
2012
$14,177,947.24
2011
$14,205,748.61
2010
$14,207,534.22
$13,000,000 $13,250,000$13,500,000$13,750,000$14,000,000$14,250,000$14,500,000$14,750,000$15,000,000 $15,250,000
CAPITAL CREDITS REFUNDS/REVENUE RATE REDUCTIONS
Value - Being a Member of Withlacoochee River
Electric Cooperative does have its benefits!
One of the cornerstones of electric cooperatives
is economic participation.
2014 . . . . . . . $15,186,202.39
2013 . . . . . . . . 15,173,453.48
2012 . . . . . . . . 14,177,947.24
2011 . . . . . . . . 14,205,748.61
2010 . . . . . . . . 14,207,534.22
2009 . . . . . . . . 14,394,160.28
2008 . . . . . . . . 14,163,123.30
2007 . . . . . . . . 14,151,954.90
2006 . . . . . . . . 14,000,041.79
2005 . . . . . . . . 13,735,562.17
2004 . . . . . . . . 13,074,532.82
2003 . . . . . . . . 12,082,542.22
2002 . . . . . . . . 12,029,598.91
2001 . . . . . . . . 11,949,301.35
2000 . . . . . . . . 10,000,136.94
1999 . . . . . . . . 9,999,990.72
1998 . . . . . . . . 10,000,049.55
1997 . . . . . . . . 10,000,073.72
1996 . . . . . . . . 9,001,332.33
1995 . . . . . . . . 7,093,413.51
1994 . . . . . . . . 9,048,234.54
1993 . . . . . . . . 3,560,705.08
prior . . . . . . . . 20,928,217.10
Totals . . . . . . . $282,163,857.17
PAGE 15
STATEMENTS OF
ASSETS, EQUITIES AND LIABILITIES
REVENUE & PATRONAGE CAPITAL BALANCE SHEETS
Years Ending December 31
2014
2013
OPERATING REVENUES
Energy Sales . . . . . . . . . . . . . . . . . . . . . . . . . $
2014
426,622,001
Total Operating Revenues . . . . . . . . $ 443,529,622
$
405,433,456
307,534,416
Cash and Cash Equivalents . . . . . . . . . . . . . . . . . $
168,686,788
179,409,020
Investments in Associated Organizations . . . . . . . . 96,600,411
91,365,395
$ 421,055,459
Accounts Receivable . . . . . . . . . . . . . . . . . . . . . 19,192,908
17,248,442
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,626,967
17,218,300
$
297,169,959
Operations . . . . . . . . . . . . . . . . . . . . . . . . . . 16,384,987
15,319,521
Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . 16,937,238
15,079,216
Consumer Accounting . . . . . . . . . . . . . . . . . . . 11,992,869
11,144,122
Customer Service . . . . . . . . . . . . . . . . . . . . . . 211,674
200,002
Special Deposits . . . . . . . . . . . . . . . . . . . . . . . . 120,895
55,860,768
Interest Receivable/Deferred Debits . . . . . . . . . . . 34,917,370
33,542,218
Non-Utility Property . . . . . . . . . . . . . . . . . . . . . 732,463
Utility Plant* . . . . . . . . . . . . . . . . . . . . . . . . . . 515,761,682
Total Assets . . . . . . . . . . . . . . . . . . . . $
913,811,699
10,022,017
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . 23,886,941
23,410,958
MEMBER EQUITIES
Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,648,953
10,203,237
Membership Fees . . . . . . . . . . . . . . . . . . . . . . . $
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,078,249
18,968,977
Capital Credits . . . . . . . . . . . . . . . . . . . . . . . . . 446,802,026
$ 401,518,009
MARGINS
120,895
Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . 55,172,215
Administrative and General . . . . . . . . . . . . . . . . 9,225,206
Total Operating Expenses . . . . . . . . $ 415,900,533
$
15,622,003
OPERATING EXPENSES
Operating Margins . . . . . . . . . . . . . . . . . . . . . $
2013
ASSETS
Other Electric Revenues . . . . . . . . . . . . . . . . . . 16,907,621
Purchased Power . . . . . . . . . . . . . . . . . . . . . . $
As of December 31
Total Equities . . . . . . . . . . . . . . . . . . $
883,310
760,256
498,003,421
$ 893,528,715
$
871,716
418,521,469
447,685,336
$ 419,393,185
365,462,087
$
LIABILITIES
$
19,537,450
Non-Operating Margins . . . . . . . . . . . . . . . . . . 7,250,664
6,763,022
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . 6,281,026
27,549,242
Capital Credits from Associated Organizations . . . 8,586,981
5,162,214
Customer Deposits . . . . . . . . . . . . . . . . . . . . . . 21,887,370
20,869,038
Net Margins . . . . . . . . . . . . . . . . . . . . . $
27,629,089
43,466,734
$
31,462,686
Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . $
Non-Current Liabilities . . . . . . . . . . . . . . . . . . . 120,895
120,895
Other Current and Accrued Liabilities . . . . . . . . . . 32,254,639
30,128,519
Deferred Credits and Miscellaneous Reserves . . . . . 40,120,346
47,014,521
Total Liabilities . . . . . . . . . . . . . . . . . 466,126,363
Total Equities and Liabilities . . . . . . . $
*Net of Accumulated Depreciation
PAGE 16
348,453,315
913,811,699
474,135,530
$ 893,528,715
WREC
AVERAGE RESIDENTIAL
UTILITY PLANT
USAGE (KWH)
Includes substations, poles, wire, meters, etc.
WREC
PROPERTY TAXES
2014 $765,289,298
2013 $732,956,581
2012 $707,456,790
2011 $682,227,759
2010 $661,363,285
2009 $639,281,270
2008 $619,561,002
$550$600 $650$700$750$800
(in millions)
THE ENERGY
DOLLAR
SOURCE OF REVENUE
USE OF REVENUE
20142013
Residential
$ .75 $ .74
Commercial .21.22
Miscellaneous.04.04
20142013
Purchased Power
$ .70 $ .71
Operations/Maintenance.13 .12
Taxes
.02.02
Depreciation
.05.06
Interest on Debt
.04
.05
Operating Margins
.06
.04
Total
$1.00$1.00
Total
$1.00$1.00
PAGE 17
COOPERATIVE OFFICES
BILLY E. BROWN CORPORATE CENTER
14651 21st Street • Dade City, Florida 33523
Phone: 352-567-5133
www.wrec.net
ONE PASCO CENTER DISTRICT OFFICE
30461 Commerce Drive • San Antonio, Florida 33576
Phone: 352-588-5115
CRYSTAL RIVER DISTRICT OFFICE
5330 West Gulf-To-Lake Highway • Lecanto, Florida 34461
Phone: 352-795-4382
BAYONET POINT DISTRICT OFFICE
12013 Hays Road • Shady Hills, Florida 34610
Phone: 727-868-9465
WEST HERNANDO DISTRICT OFFICE
10005 Cortez Boulevard • Weeki Wachee, Florida 34613
Phone: 352-596-4000