History

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In 1935 President Roosevelt signed the Rural Electrification Act. This act enabled rural residents to form cooperatives and to bring much-needed electric service to rural America. Investor-owned utilities were not interested in bringing electricity to farms and rural residents because it was not profitable to serve them. The Rural Electrification Act provided Rural Electric Cooperatives (REC's) with low-interest government loans to build the lines and provide power to their members. The cooperatives are non-profit organizations and all surpluses after expenses and repayment of government debts are paid back to the members in the form of capital credits.

Lake Region Electric Cooperative, Inc. (LREC) was incorporated in 1949 when the members of East Central Electric Cooperative, located in Okmulgee, decided to divide its territory into two separate cooperatives in order to be able to provide better service to its members. A portion of East Central Electric Cooperative, east of the Arkansas River, which now surrounds Lake Fort Gibson and Lake Tenkiller, became Lake Region Electric Cooperative, Inc. LREC at its inception had 1,700 member-consumers and 116 employees. Today LREC has over 26,863 member-consumers and 120 employees.

Construction of the new LREC headquarters was completed in 1969 and LREC moved from Wagoner to its current location in Hulbert. LREC maintains two sub-offices in Tahlequah and Wagoner and currently serves portions of seven counties in northeast Oklahoma. Cherokee, Wagoner, Adair, Muskogee, Mayes, Rogers, and Delaware are among the counties served by LREC's more than 3,225 miles of lines.

LREC is a non-profit electric cooperative dedicated to providing power and opportunity to the areas it serves. Reliable electric power at a reasonable and affordable rate, economic development, and improving the infrastructure of its service area is among the goals of Lake Region Electric Cooperative, Inc.

Annually, margins are allocated back to the members as capital credits. Capital credits are what sets a cooperative apart from its municipal or investor-owned counterparts (give the profits back to the members). To date total funds returned to our members is $29,966,196. 

LREC has seven board members that are elected for a three-year term. They meet once a month to oversee the operations of the cooperative and set goals, policies, and procedures to ensure that the cooperative is operated with sound business practices. The operating and the capital budget of the cooperative are approved annually by the board of directors. The general manager, in turn, is responsible to the board and he makes sure that the cooperative is operated within the guidelines set by the board.

LREC’s rates have continuously been ranked lower than average in Oklahoma and the nation.