The 67th Annual Meeting of Members of Indian ElectricCooperative, Inc. was held at the Cleveland High School Multi-PurposeRoom and Gymnasium on Saturday, October 21, 2005. At approximately 10:00 a.m., Board President Berry Keeler called the meeting to order.

Mr. Keeler introduced Rev. Connie Taylor of the First United Methodist Church in Cleveland, who delivered the invocation.

Members of Cleveland American Legion Post #3 were introduced and led a salute to the Flag of the United States. The Wiskey Bent Band, joinedby the audience, sang the National Anthem.

Mr. Keeler informed the members Bill Boone, Secretary of the Board of Trustees, would serve as Secretary of the Annual Meeting. Mr. Keeler then asked board member Greg Fielding to conduct several prize drawings.

Following the prize drawings, Secretary Boone informed the membership that the Cooperative currently has 12,810 members and the Bylaws require five percent of the members must register their attendance in order to constitute a quorum and have a legal meeting. He reported 678 had registered and declared a quorum in attendance.

A true copy of the official Notice of the Annual Meeting of Members for 2006 was mailed to all members in accordance with the Bylaws of the Cooperative. The Bylaws further state minutes of the previous Annual Meeting of Members will be read. Motion was duly made and seconded to dispense with the reading of the minutes and approve them as written. Motion carried. Mr. Boone turned the meeting to Leon Day, Vice President of the Board of Trustees.

Mr. Day introduced honored guests and visiting Cooperative representatives. He further introduced Corporate Counsel Ron Barber and all members of the Board of Trustees. Trustees of the IEC Foundation who review and award Operation Round-Up® grants were introduced and appreciation extended for their work and accomplishments. The meeting was then turned to Mike Spradling.

Mr. Spradling invited Mr. Gary Moore to the podium for presentation of a plaque in recognition of his service from June, 1996 through July 31, 2006 as a District 8 Trustee. Mr. Moore accepted the award and addressed the audience with appreciation for having been elected to serve.

Mr. Spradling then acknowledged individuals representing various fire departments. He expressed sincere appreciation for the exemplary job they have been and continue doing in and around the Cooperative service territory.

The next order of business was the election of Trustees to the Cooperative’s Board to represent Districts 2, 5 and 8 for the next three years. Mr. Spradling turned the chair over to Ron Barber, Corporate Counsel. Mr. Barber explained results of district meetings, stating the incumbent Trustees in Districts 2 and 5 were unopposed and by reason thereof became the official nominees. The incumbent Trustee in District 8 was elected as official nominee by a quorum of members at the District 8 meeting. Those individuals were named as Mike Spradling, District 2; Wanda Foster, District 5; and Greg Fielding District 8.

Mr. Barber then called for a motion to elect those nominees to their respective districts by acclamation. Motion was made, seconded and carried. Mike Spradling will represent District 2, Wanda Foster will represent District 5, and Greg Fielding will represent District 8, all for three-year terms.

The meeting was turned to Robert Burk and Rock Reese who conducted several prize drawings.

Mr. Burk then introduced IEC General Manager Jack Clinkscale. Mr. Clinkscale addressed the audience, conveying appreciation for the opportunity to serve members in the area and assuring them that every effort will be made to keep future costs as low as possible.

Mr. Clinkscale introduced special guest Chris Cariker, Executive Vice President and CEO of KAMO Power. Mr. Cariker gave a slide presentation on future costs of generating electricity and how those results are projected to ultimately affect transmission and distribution cooperatives as well as business and residential consumers.

Wanda Foster and Mike Spradling conducted more prize drawings with a child’s bicycle and grand prizes presented at the conclusion.

There being no further business, the 2006 Annual Meeting of Members adjourned.