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NAEC meets Tuesday with record margins, a new rate increase and no public look at executive pay

North Arkansas Electric Cooperative heads into its annual meeting today having turned the rate increase its members fought a year ago into the strongest financial results in its recent history. The cooperative posted record total margins of $14.1 million in 2025, its first full year under a 9.4% rate increase that members challenged at a…

ByChris FultonJune 23, 20260Comments

Business Education Events Feature Government News Outdoors

NAEC annual meeting hears $3 billion coal replacement plan from state power provider

The head of Arkansas's wholesale power provider told local cooperative members last Thursday that the state's electric cooperatives should build 1,850 megawatts of new natural gas generation by 2030, claiming it's the only viable option to replace coal plants being closed after an environmental lawsuit. Arkansas Electric Cooperative Corporation CEO Buddy Hasten made the case…

ByChris FultonJune 26, 20250Comments

Business Events Feature Government News People

Four-hour NAEC meeting exposes rift between members, management over rate increase

Members of North Arkansas Electric Cooperative challenged a 9.4% rate increase during an exceptionally long annual meeting Thursday, presenting seven formal proposals to reverse the increase and overhaul cooperative governance. The meeting at the Fulton County Fairgrounds in Salem stretched over four hours—significantly longer than typical annual meetings—with most of the time devoted to PowerPoint…

ByChris FultonJune 24, 20250Comments

Local Mountain Home, AR News