Nolin RECC President and CEO Greg Lee told those in attendance at the co-op’s annual meeting Thursday that in their 88th year the organization is proud of the role it plays in the community, and the co-op holds its employees to a high standard.
“We place tremendous value on our community connections and the goodwill we establish with our members,” Lee said. “We strive to achieve this by keeping your reliability high and your costs low. We hope to earn your respect through the qualities we exhibit: fairness, perpetual effort, attention to detail, and an emphasis that you, our members, come first.”
Members of the co-op board during the meeting shared on activities such as recipients of Operation Round Up grants, the work of energy provider East Kentucky Power, and the results of the board election which saw Mark Cochran win in District One and David Brown win in District Two.
During the financial report, Board Member Rick Thomas said “inflation, tariffs, and the general state of affairs” has caught up with the electric business.
“The 2025 revenue is at about $93 million, with a cost of about $94 million,” Thomas said. “It doesn’t take long to figure out we’re about $1 million short there on the cash side of things. We show some capital credits primarily from East Kentucky Power that brings us above the line on paper to $2.6 million, and then if you look on down the report, you will see costs and reserves of $9.8 million.”
The annual report shows the co-op ended 2025 with 39,315 active accounts, and manages just over 3,000 miles combined of overhead and underground lines. Find more information at www.nolinrecc.com.
