HR133 Summary

• Central Alabama Electric Cooperative (CAEC) is recognized for 75 years of service since its incorporation on November 28, 1938, and conversion on August 30, 1940

• CAEC began operations on November 14, 1939, with an initial $378,000 loan from the Rural Electrification Administration, serving 810 member-consumers across 478 miles of line

• Currently operates nearly 42,000 active meters serving over 100,000 consumers across a 5,500-square-mile area in 10 Central Alabama counties, with $220 million in assets and annual sales expected to exceed $90 million in 2014

• CAEC employs 120 employees and has been served by 34 trustees over its 75-year history, and is ranked in the top 25 percent of companies located in Alabama

• House of Representatives commends CAEC's accomplishments and expresses admiration for its past, present, and future contributions to the community