your partner in power - Jackson Energy Cooperative

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causes, your co-op is working to improve your community. Our Operation Round-Up program is another way Jackson Energy is involved in your community. The voluntary program is funded by members like you who donate a few cents to the Operation Round-Up fund each month by rounding their electric bill up to an even dollar amount. Operation Round-Up is celebrating its 10th year of providing grants to local communities. During that time, more than $150,000 has been awarded to area nonprofit organizations. It’s a program that has provided funding to improve local parks, volunteer fire departments, school programs, and countless other community services. Jackson Energy is also working to bring new jobs to our area through economic development programs and by working with local industries to not only provide them the power they need, but also the funds they need to expand. Your cooperative offers business development loans to area industries that help them grow and bring new jobs to southeastern Kentucky. KEEPING EVERYONE SAFE During this past year Jackson Energy can also report that safety has continued to be a constant focus. For employees as well as members, the key to staying safe from the dangers of electricity is constant vigilance, never letting your guard down. Jackson Energy also received accreditation this year from the National Rural Electric Cooperative Association for its safety program. The accreditation process is a rigorous examination of the cooperative’s safety training, outreach, and practices. To keep that awareness level high among co-op members, every communications medium gets used, from notices, ads, and stories in Kentucky Living magazine, to regular in-person safety demonstrations around the community, including in schools. For the high-risk job that the utility linemen work at every day, Jackson Energy has made safety a requirement. These dedicated workers are provided with state-of-the-art training techniques developed with resources and support from state and national organizations. Keeping employees, and you, safe and healthy will continue as one of the most important parts of the relationship with your partner in power. Timeline of celebration for JACKSON EnergY 75 th ANNIVERSARY JACKSON ENERGY 1938-2013 C O OPERATIVE 1938 July 28 A ceremony is held at the Jackson County Courthouse to incorporate Jackson County RECC. 1950 A new one-story brick office building opens in downtown McKee. 1974 Jackson County RECC opens a branch office in Laurel County. 1989 The new London District Office opens in London and replaces the branch office. 1997 Jackson County RECC changes its name to Jackson Energy. 2001 Jackson Energy opens a new corporate office on KY HWY 290 near Annville. Two years later, the McKee District Office opens on the property. 2011 Jackson Energy is the first utility in Kentucky to offer a prepay program to its members. 2012 Jackson Energy is serving 51,241 members in Southeastern Kentucky. Source: Jackson Energy - Working for You by Karen Combs
Jackson Energy Services Corporation For the Year Ending December 31, 2012 REVENUES: Net Revenues Generation from Holding Operations..............................$170,471.70 Total Revenues.............................................................................................$170,471.70 EXPENSES: Office, Fee, License, Tax Expense ..................... $4,776.49 Total Expenses..................................................................................................$4,776.49 NET OPERATION INCOME Net Income (Loss).........................................................................................$165,695.21 Balance Sheet December 31,2012 ASSETS: Cash................................................................ $1,069.75 Investment in Propane Company...............$1,196,003.00 Less Effect of Gain – Propane Company.....$1,159,632.20 Total Assets............................................................................................... $2,356,704.95 LIABILITIES: Accounts payable............................................... $155.52 Total Liabilities....................................................................................................$155.52 STOCKHOLDERS’ EQUITY: Common Stock, 1792 shares, no par ..........$1,792,000.00 Retained Earnings.......................................$ 564,549.43 Total Stockholders’ Equity.......................................................................... $2,356,549.43 Total Liabilities and Stockholders’ Equity.................................................... $2,356,704.95 Jackson Propane Plus LLC Income Statement For the Year Ending December 31, 2012 Revenues Gross Revenue............. $3,588,828.57 Less Cost of Goods Sold.$1,851,668.39 Gross Profit.................. $1,737,160.18 Expenses Operating Expenses..... $1,566,688.48 Net Income..................... $170,471.70 Balance Sheet December 31, 2012 ASSETS: Current Assets................. $574,947.32 Fixed Assets................. $3,069,649.18 Total Assets................. $3,644,596.50 LIABILITIES: Current Liabilities........... $248,616.43 Long-Term Liabilities...... $960,463.50 Total Liabilities............ $1,209,079.93 STOCKHOLDERS’ EQUITY: Capital Stock................ $1,293,140.89 Retained Earnings....... $1,142,375.68 Total Stockholders’ Equity.......................... $2,435,516.57 Total Liabilities and Stockholders’ Equity..... $3,644,596.50 75 th JACKSON ENERGY ANNIVERSARY 1938-2013 75 th JACKSON ENERGY ANNIVERSARY 1938-2013 C O OPERATIVE C O OPERATIVE Jackson Energy Services Corporation is the sole owner of the subsidiary Jackson Propane Plus LLC. Jackson Propane Plus LLC provides propane gas, accessories, propane appliances and bottled water, and plans to continue to provide these products and services in the future.
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your partner in power - Jackson Energy Cooperative

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