Homer Electric Association

Mission Statement
Meet the Board of Directors
Board Meeting Information
About the Cooperative
Bylaws
Rules & Regulations
Current Electric Rates

About the Cooperative

Beginnings	In 1945, nine forward-thinking citizens of Homer met and began working together to form Alaska's fifth rural electric cooperative. Their first official Rural Electrification Administration (REA) meeting was December 17, 1945, and the system was energized March 13, 1950, making Homer brighter for 56 cooperative members.
Locations	Homer Electric employs 123 regular, full-time employees filling positions at: Corporate office in Homer Central Peninsula Service Center in Kenai Nikiski Cogeneration Plant Bradley Lake Hydroelectric Project
Staff	MANAGERS: Brad Janorschke, General Manager Duane Parlow, Director of Administrative & Member Services Charlie O'Hare, Director of Power Production & Transmission Don Smith, Director of Distribution Engineering & Operations Carrie Buckley, Director of Finance
Sales	1994 - 396 million kilowatt hours (kWh) 1995 - 418 million kWh 1996 - 427 million kWh 1997 - 424 million kWh 1998 - 434 million kWh 1999 - 442 million kWh 2000 - 434 million kWh 2001 - 433 million kWh 2002 - 494 million kWh 2003 - 472 million kWh 2004 - 498 million kWh 2005 - 503 million kWh 2006 - 493 million kWh
Power	Nikiski Cogeneration Project Seldovia Power Plant Bradley Lake Hydroelectric Total Generation Capacity	39.0 MW 2.5 MW 14.0 MW 55.5 MW
HEA FACTS	FIGURES: 20,153 member-owners 28,547 meter locations 2,200 total miles of energized line 9 members per mile of line 13 meters per mile of line 3,166 square mile service area (approximately)
One Member, One Vote Homer Electric is your member-owned cooperative with offices in Homer, Alaska and Kenai, Alaska	Homer Electric is your member-owned cooperative. As a locally-owned cooperative, you have a voice in the operation of Homer Electric. You have the right to run or vote for members to represent you on the Board of Directors. All candidates must be properly nominated by a petition of fifteen or more signatures. The voting takes place at the annual membership meeting.
Board Meetings	Regular meetings are generally held the second Tuesday of each month from January to June in the Kenai office and from July to December in Homer. Call your local HEA office for more information.
Annual Meeting	The annual meeting is held on one of the first seven days of in May. Ballots are mailed to all members prior to the meeting. Members are encouraged to vote and attend.
Capital Credits	Capital credits represent your ownership equity in the co-op. They are based on company margins, the difference between operating expenses and total revenue. As a member, you are entitled to a portion of these margins based on the amount of electricity purchased for the year. Capital Credit checks are issued at the direction of the Board of Directors. These margins are paid in full to the estate of deceased member upon Board approval. Each year you will receive notification of the margins assigned to your capital credits account. It is important for HEA to have your current address to ensure you receive this information and your refund checks. REFUNDS: 1995 - $917,982 1996 - $1,048,290 1997 - $844,762 1998 - $1,000,000 1999 - $1,000,000 2000 - $1,000,000 2001 - $1,468,634 2002 - $2,316,506 2003 - $1,500,000 2005 - $250,000

Homer Office: (907)235-8551 Corporate Office: 3977 Lake Street, Homer AK 99603	Kenai Office: (907)283-5831 Central Peninsula Service Center: 280 Airport Way, Kenai AK 99611
In Alaska call toll-free: (800) 478-8551