WAKE FOREST, NC— Wake Electric held its 2013 Annual Meeting on March 22, and it was a great success. More than 588 members, plus their guests, attended the meeting held in the Louisburg College Auditorium.

Attendees had the opportunity to hear reports on leveraging member equity to access the debt capital markets, energy efficiency and renewable energy, and how Wake Electric empowers its members with technology. Members also had the chance to ask senior management questions about Wake Electric.

Wake Electric also announced at its annual meeting plans to build a new office building in downtown Wake Forest. The 28,000 square foot office building will be located on South Franklin Street, around the corner from Wake Electric’s existing Wake Forest branch office location. The new building will provide better customer facilities, with moderate construction costs at favorable long-term financing. The new building also boasts plenty of disaster recovery space and a robust building design. The general contractor for the construction project will be Macallan Construction. The cooperative anticipates the grand opening of the building to occur in the summer of 2014. The existing office in Wake Forest was built in the 1950’s and lacks many of the basic design features needed by the cooperative today. Wake Electric is now leasing the existing building.

Three members re-elected during the business meeting to serve three-year terms on the Wake Electric Board of Directors were Allen Nelson of Stovall (District 1), Joe Hilburn of Raleigh (District 4) and Joe Eddins of Zebulon (District 8).

Children attending the meeting with their parents and caregivers also had a great time participating in special activities planned for school aged children. All the activities were provided by Crafts on Wheels and the children thoroughly enjoyed decorating sand art projects, painting flower pots and other plaster sculptures, as well as building wooden airplane models and playing with puzzles and games.

Members in attendance were entered into a drawing for cash prizes totaling $5,000. The lucky winners are listed below.

Name, city, prize amount:
Charles S. Davis, Oxford, $1,000
Harriet Morton, Oxford, $500
Mike Young, Louisburg, $500
Clay Perdue, Louisburg, $250
Jonathan C. Perry, Youngsville, $250
Lenwood Spivey, Wake Forest, $250
Gerry W. Liverman, Wake Forest, $250
Roy and Georgia Williams, Oxford, $100
Arminia M. Estes, Wake Forest, $100
Barry and Sharon Schmeltzle, Bailey, $100
Christine Wilson, Zebulon, $100
Danette Cheatham, Wake Forest, $100
Barbara Hunter, Oxford, $100
Shirley D. Strickland, Louisburg, $100
Macon Barham, Youngsville, $100
Janet E. Lantz, Wake Forest, $100
JoAnn Pendergrass, Kittrell, $100
Nancy W. Woodlief, Creedmoor, $100
L.L. Bartlett, Oxford, $100
Barbara L. Nicholson, Louisburg, $100
Robert E. Gorham, Creedmoor, $100
James S. Royster, Oxford, $100
Leroy Kearney, Kittrell, $100
Cleo Eddins, Wake Forest, $100
Henry Alston, Franklinton, $100
William Landis, Creedmoor, $100
Gaither Anderson, Stem, $100

NOTE: Wake Electric has a policy that if we draw the registration card 1) of a church, business or civic organization, or 2) of an employee of Wake Electric who is also a member or 3) of a board of director of Wake Electric who is also a member, then we will grant that member a cash prize, but will draw again until a non-employee, residential account is drawn. When this occurs, more cash prizes are awarded than the number of cash prizes originally advertised. The winners falling into that category this year are: Incept Properties, Inc. of Wake Forest ($100-organization), Jones Brothers of Wake Forest ($500-organization) and Roy Ed Jones of Wake Forest ($100- board of director).


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