Ballots, candidates’ biographical information and voting instructions will be mailed to all PEC members by May 9
Pedernales Electric Cooperative
CONTACT: Kay Jarvis (830) 868-4961
– Director, District 7: Dr. Patrick Cox, Wimberley
Four additional “meet the candidates” events will be held at PEC’s offices in Kyle (May 15), Bertram (May 16), Marble Falls (June 5) and Sattler (June 6). Each of these events also will begin at 5:30 p.m.
Also on the ballot this year is a member vote on amendments to Article VIII of the Co-op’s Articles of Incorporation. Article VIII, Section 1 requires PEC to set aside funds each year in a reserve to pay any interest and principle that may be owed during the next year. This reserve is to be set aside after PEC pays all costs — including principle and interest on borrowed funds.
Because PEC already pays all owed interest and principle each year, the Co-op’s Board and management propose eliminating the Article VIII, Section 1 mandate and adding the payment of interest and principle as an allowable use of the general reserve required by Section 2. This would give PEC the flexibility to use extra funds to pay back or avoid debt, distribute capital credits to members, or to use toward other necessary Co-op expenses.
Members will be able to vote by returning completed ballots to SBS by mail using the included prepaid return envelopes or by voting online through SBS’s secure website. Mail-in and online voting must be completed by June 15. Ballots will not be accepted at PEC’s offices. Members also will be able to vote in person at PEC’s annual meeting June 23 in Kyle, where election results will be announced.
More information about the PEC election is available at www.pec.coop/election.