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Electric co op reports good year profit rise at meeting
Chippewa Valley Electric Co op president Allen Hoel and GM Charles Veicht announced a 1977 net profit of 115 906 reversing a 21 000 loss from the prior year at the 41st annual meeting. Despite an 18 000 storm expense and a 137 000 profit boost, patron rates rose to maintain earnings. The group plans a new garage, switches to hired meter readers, and urges daytime electricity use to dodge peak pricing. Board members Jahnke and Backhaus were re elected. two amendments were approved to fund RBC News and move district meetings earlier.
MENTIONED IN THIS ARTICLE
Chippewa Valley Electric Co-op
Co-Op
Allen Hoel
Charles Veicht
RBC
General Fund