2020 Chairs Report

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As I sit down and take a moment to write my annual report, I can’t help but ask, what just happened this
past year? We had a terrible fall in terms of harvest weather, winter wanted to come in September, and
it seemed to go downhill from there.

Your gas bill was reduced a little after the Provincial Government repealed the Provincial Carbon Tax, but
unfortunately it was short-lived, as the Federal Government responded with Bill 1 to implement the
Federal Fuel Charge in Alberta. The price of natural gas was not the reason for the increase in your bills
but rather the Federal Fuel Charge.

COVID19 - I don’t want to dwell on this, but do want to assure you that Co-op 52 Staff and Board of
Directors have been involved in careful planning to ensure that we are compliant with provincial
regulations while still maintaining our day to day operations. We are proud that we have been able to
keep our full complement of staff with minor adjustments so that we comply with the COVID rules.

On the financial side, the Co-op is staying strong. Gas sales were down dramatically with our Industrial
clients sustaining a hard hit earlier this year. We are now seeing a (slow) rebound to this trend.
However, the change in weather as I mentioned earlier, has prompted the addition of more Grain Dryer
services to our customer base.

Despite having postponed our Annual General Meeting due to Covid 19 we will now proceed with the
Meeting on October 19, 2020 at 1 pm. In the Co-op shop. I hope you can take time to join us and be sure
to bring forward any questions or concerns that you may have.

John Taylor, Chairman