2007 Annual Report

Associated Electric Cooperative Inc. continues to meet its mission of providing an economical
and reliable power supply for a growing system of cooperatives while protecting the environment.
Keeping this balance continues to be challenging in a changing industry facing significant pressures
to meet the demand for more energy, keep electricity affordable and improve air quality.
Associated has a business strategy that ensures it remains in a strong position to meet these
challenges and continues to be one of the best wholesale power suppliers in the nation and, most
importantly, for its member-owners.

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