The service availability charge helps cover fixed costs, such as meters, transformers and lines necessary to provide electricity to a service regardless of its usage. 2 Democratic Member Control Cooperatives are democratic . Craighead Electric Cooperative Corporation (CECC) strives to provide our members with safe, reliable and affordable electricity. He is succeeded by Jeremiah Sloan, former COO of empower Broadband. Louis, Missouri, United StatesChair of the Board, EmersonRetired Chairman and CEO, Ernst & YoungBoard Appointment Year: 2013Committees: Audit, Corporate Governance and Nominating, Executive, Mark A. BlinnDallas, Texas, United StatesFormer CEO, President and Director of Flowserve CorporationBoard Appointment Year: 2019Committee: Audit, Compensation, Joshua B. BoltenWashington, D.C., United StatesPresident and Chief Executive Officer, Business RoundtableBoard Appointment Year: 2012Committees: Corporate Governance and Nominating, Executive, Martin S. CraigheadHouston, Texas, United StatesFormer Chairman, President and CEO of Baker HughesBoard Appointment Year: 2019Committees: Compensation, Corporate Governance and Nominating, William H. Easter IIIHouston, Texas, United StatesFormer Chairman, President and Chief Executive Officer of DCP Midstream LLCBoard Appointment Year: 2020Committees: Compensation, Finance, Gloria A. FlachMarriottsville, Maryland, United StatesRetired Corporate Vice President and Chief Operating Officer, Northrop Grumman CorporationBoard Appointment Year: 2017Committees: Compensation, Executive, Finance, Arthur F. GoldenNew York, New York, United StatesSenior Counsel, Davis Polk & WardwellBoard Appointment Year: 2000Committees: Finance, Executive, Candace KendleBoca Grande, Florida, United StatesRetired Chairman and Chief Executive Officer, Kendle International, Boca Grande, Florida, USABoard Appointment Year: 2014Committees: Audit, Corporate Governance and Nominating, Lori LeeDallas, Texas, United StatesCEO, AT&T Latin America & Global Marketing Officer, AT&T Inc.Board Appointment Year: 2018Committees: Audit, Executive, Finance, Matthew S. LevatichMilwaukee, Wisconsin, United StatesFormer President and CEO, Harley-Davidson, Inc.Board Appointment Year: 2012Committees: Audit, Finance, Lal KarsanbhaiSt. % director attendance at the 2019 Annual Meeting Proactive Governance in 2019 Board refreshment - Added 4 new Directors in the last 3 years Recruitment number of Director nominees in the Company's proxy statement for election. Please contact us if you need assistance purchasing this product in another country. He also expressed faith in the future of the company, saying, Im confident that the Cooperative is in very, very good hands. But times are changing and with that change brings a whole new opportunity to modernize our grid with a communications network that will link critical electric assets together to ensure power quality, reliability, and increase CECC operational efficiency. For example, a typical bill for a residential member with one meter using 1,000 kWh a month would go from $112.45 to $126.58. Sloan will succeed Brian Duncan following his retirement in March." Sloan and his wife, Blythe, have four boys, Atlas, Everest, Cypress, and Sparrow, and they live in Portia. The co-ops rates have remained steady for more than a decade, but recent challenges affecting CECCs financial condition, including increased operating costs, plant growth due to increased electricity sales and inflation at large, have necessitated a change in electric rates. Unless a vacancy occurs, the terms of directors shall be staggered so that not more than one (1) director from each district shall have a term of office expiring in the same year. At . The cooperative operates offices in Jonesboro, Walnut Ridge, and Paragould. Duncan addressed the Cooperative, I would like to thank my dad for giving him the kick that he needed to get a job at the Cooperative at age 18. About Craighead Electric. Such petition shall be for a particular district and position. During his career at the Cooperative, Duncan completed National Rural Electric Cooperative Associations (NRECA) Key Account Executive Program and NRECAs Management Training. His distinguished career with Baker Hughes included the role of chairman from April 2013 to July 2017, chief executive officer from January 2012 to July 2017 and president from July 2010 to July 2017. . Hes in jail. This important and necessary enhancement to CECCs electrical system not only means that members will benefit from improved electrical power delivery but it will also bring truly reliable and high-speed broadband to the more than 44% of CECC members who are currently unserved or underserved in terms of broadband in our eight-county region. Mr. Craighead currently serves on the boards of directors of Texas Instruments Inc. and Emerson Electric Company. After obtaining an office space for the cooperative and hiring personnel and staff, plans were made to begin staking right of way and setting poles and power lines for service. Emerson reports its first quarter 2023 results prior to market open on Wednesday, Feb. 8. A membership drive soon began. Jan. 4, 2021 (6:30 p.m.) The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. President Elect . Throughout his extensive career with Baker Hughes, Craighead held a number of executive leadership and operational positions, including assignments in Canada, Latin America and Asia. Duncan has served the Cooperative for over 43 years. Address, Phone Number, and Fax Number for Craighead County Board of Elections, a Board Of Elections, at South Main Street, Jonesboro AR. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. Click here to download a PDF copy of the above-proposed rates. The CECC Board of Directors reviewed the cost-of-service study and, upon cooperative staff's recommendation, voted in favor of a rate adjustment to increase system revenue by 9.3%. He first joined Baker Atlas, part of Baker Hughes, in 1986 and prior to that served as a research engineer with BJ Services Company. He is the founder of the Boojum Charitable Fund, a non-profit supporting social projects in Mongolia. Published: Jul. Electric Cooperatives of Arkansas. 1 - 50. After obtaining the requisite signatures, the person being nominated must present the petition(s) with original signatures thereon not less than ninety (90) days prior to the annual meeting. More than 10,000 locations already connected over last two years to new, world-class fiber network PLANO, Texas, July 29, 2021 (GLOBE NEWSWIRE) - DZS (NASDAQ: DZSI), a global leader in optical and packet-based mobile transport, broadband connectivity and software defined networking solutions, today announced the success of a transformative rural broadband network deployed by Craighead Electric . In 1975, he began serving on the Board of Directors for Arkansas Electric Cooperative Corporation (AECC), the generation and transmission cooperative serving Arkansas's 17 electric cooperatives. Only petitions that have been provided by the Cooperative will be accepted. The effect of the rate change on individual consumers will vary depending on the class of service and the amount of electricity used. He is succeeded by Jeremiah Sloan, former COO of empower Broadband. Our mission is to responsibly deliver safe, reliable and affordable energy. This is known as a cost-of-service study. CECC will submit the rate adjustment request to the Arkansas Public Service Commission in July. The business and affairs of the Cooperative shall be managed by a board of seven (7) directors which shall exercise all the powers of the Cooperative except such as are by law or by the articles of incorporation of the Cooperative or by these bylaws conferred upon or reserved to the members. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. PEC has seven board directors that each serve three-year terms. After 44 years of employment at Craighead Electric Cooperative Corporation, Brian Duncan has retired as CEO. Frank J . Corporate Governance & Nominating Committee Charter, Click to view our Accessibility Policy and contact us with accessibility-related issues, Do Not Sell or Share My Personal Information, Transparency in Coverage Machine-Readable Files. St. Bernards hosting dedicated COVID vaccine clinics this Friday and next, With new Hot Pocket production line, Nestl to add up to 70 new workers immediately, An active duty military member traveled from Kansas to Arkansas to pick up a 16-year-old. If implemented, these rates will impact members in different ways, depending on their lifestyle and situation. LOUIS - (June 4, 2019) - Martin S. Craighead, former chairman, president and CEO of Baker Hughes, has been elected to Emerson's (NYSE: EMR) board of directors, Chairman and Chief Executive Officer David N. Farr announced today. This brand-new network will be able to handle more than 30,000 1 Gbps connections for members and non-members of CECC throughout northeast Arkansas. Please contact us if you need assistance purchasing this product in another country. May 24, 2022. Section 2B. While serving on active duty, he functioned as a Development Engineer and a Professor of Aerospace Studies. While the average residential electric bill will increase by about $14.13, from $112.45 to $126.58, the new rates will still compare favorably to other rural utilities in Arkansas and across the nation. Prior to joining CECC, Sloan spent 6 years as an officer in the United States Air Force. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. empower, Delivered by Craighead Electric, is a wholly-owned subsidiary of CECC that will offer lightning-fast internet, crystal-clear phone, and ultra-HD live . Heather Cerda. By 1970, Craighead Electric had 15 substations, currently, there are 21. As the days go on, I will remain your biggest fan and most vocalcheerleader.. My responsibilities require me to oversee the day to day operations of the Fresh Meat Processing, Bakery Department, Deli . Y'all are the best! Independent Directors James S. Turley St. Louis, Missouri, United States Chair of the Board, Emerson Retired Chairman and CEO, Ernst & Young Board Appointment Year: 2013 Committees: Audit, Corporate Governance and Nominating, Executive. Craighead Electric Names New Chief Executive Officer, High Winds result in outages for Craighead Electric. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. Craighead Electric Names New Chief Executive Officer. This program was designed to lend money to provide rural customers with electricity. The locally owned and managed organization has 108 employees. of Corporate Services before fulfilling his current position as CEO in 2007. Emerson is the global technology, software and engineering powerhouse driving innovation that makes the world healthier, safer, smarter and more sustainable. Overview of all Board Committees and charter downloads, Employee, director and executive officer ethical responsibilities, Emerson bylaws as amended through May 4, 2021, Restated Articles of Incorporation adopted February 6, 2001, Lobbying, trade associations and coalitions, United Kingdom Tax Transparency Statement, Global Human Rights, Share Pledging, Anti-Hedging,Clawback Policies and UK Modern Slavery Act. I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. Monday, Jan. 10, 2022 1:18 pm 1 min read. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! Jeremiah Sloan (Craighead Electric) The board of directors of Craighead Electric Cooperative of Jonesboro has named Jeremiah Sloan the corporation's next CEO. Sloan will succeed Brian Duncan following his retirement in March." Sloan has been with CECC since 2016 and . I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. Success Credit Union (870) 935-9336. Duncan has led the corporation since 2007. The above proposed rates will become effective for bills rendered on or after October 1, 2022 unless on or before such effective date petitions from ten percent (10%) of the member-consumers have been received by the Arkansas Public Service Commission. The CECC Board of Directors reviewed the cost-of-service study and, upon cooperative staffs recommendation, voted in favor of a rate adjustment to increase system revenue by 9.3%. Address: PO BOX 555, Chimacum, WA 98325 Edit. All directors elected to fill a vacancy of an unexpired term shall be elected for the period remaining on the unexpired term. Kent Madin. View PDF version by clicking on the Image. Craighead Electric Names New Chief Executive Officer, ***No Longer Available for new installations. Each year that followed, those numbers increased and by the year 1950, there were 15,571 members using 81 kWh monthly and 3,671 miles of line. Your email address will not be published. Note: The expenses and revenue of empower, Delivered by Craighead Electric (a wholly owned broadband subsidiary) are separate from CECC and did not influence the cost-of-service study or the decision to propose new rates. Craighead Electric Names New Chief Executive Officer. The Craighead Electric Cooperative Board of Directors meet on the last Friday of the month. He and his family enjoy traveling, gardening, bicycling, and snow skiing. No big gathering. Vernon Buddy Hasten, CEO of AECI/AECC, recognizes Brian Duncan for his years of service to the In addition, the director then first elected must also receive electrical service from the area encompassed by that same district and position. Sloan will succeed Brian Duncan following his . Over the next 5-7 years, roughly 5,000 miles of fiber optic cable will be built in support of this communications upgrade project. Section 1. Kent is the Vice-President and Director of Boojum Expeditions, Inc. and Honorary Consul of Mongolia for Montana, Idaho, and Wyoming. Product(s) in your cart may not be available in the selected country and will be removed from your cart if you choose the SELECT button below. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. In order to be eligible to become and to continue to serve as a director, the person must: a. be a citizen of the United State of America, c. be a member in good standing with the Cooperative, d. not currently be nor shall have been employed by the Cooperative or any other electric utility for a period of five (5) years prior to the date of such election, e. not have a spouse who currently is or has been employed by the Cooperative or any other electric utility for a period of five (5) years prior to the date of such election, f. not be nor have a spouse who is in any way employed by or directly financially interested in a competing enterprise or business selling electric energy or supplies to the Cooperative, g. not have been convicted of a felony or a misdemeanor which misdemeanor involves dishonesty within the ten (10) years prior to the date of the election unless the candidate has received a pardon for such conviction, h. not be convicted of a felony or a misdemeanor which misdemeanor involves dishonesty while serving as a director, i. attend a majority of all board meetings (unless excused by the Board of Directors for good cause) during any twelve (12) consecutive month period, j. meet the residency requirements of Section 2Aand, k. not be and not have a spouse who is the incumbent of or a candidate for an elective public office in connection with which a salary is paid. Chairman of the Board of Directors, Terry Rorex, recognized Duncan in a presentation to employees, members, family and friends. The largest impact to a typical residential account will be in the service availability charge. Over the past 82 years, Craighead Electric Cooperative Corporation (CECC) invested millions of dollars to build a robust electric system that continues to provide safe, reliable and affordable electric power to its members. As CECC operates as a not-for-profit cooperative, we must generate operating margins to cover capital credit retirements to members, operating costs and principal on long-term debt while maintaining sufficient equity. of Corporate Services before fulfilling his current position as CEO in 2007. If approved, it will go into effect with usage beginning Oct. 1, 2022. Craighead Electric Cooperative is a member-owned not-for-profit electric company incorporated in 1937. The independent analysis determined CECC needs to increase our retail rates, which have not changed since May 2010. Following industry best practices, the cooperative commissioned an engineering consulting firm (Toth & Associates) to review current rates and determine if they are producing sufficient revenue. At the end of 1938, Craighead Electric had 170 miles of line energized with 712 members using an average of 27 kWh monthly. Has seven Board Directors that each serve three-year terms address: PO BOX 555, Chimacum WA!, reliable and affordable energy in a presentation to employees, members, family friends. Directors, Terry Rorex, recognized Duncan in a presentation to employees, members, family and friends active! After 44 years of employment at Craighead Electric Names new Chief Executive Officer, * * Longer... Members and non-members of CECC throughout northeast Arkansas fiber optic cable will be removed is the of! 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