February board meeting notes

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Posted on Apr 10 2025 in Southern Indiana Power

To keep you informed of your cooperative’s operations and activities, the following are highlights of the Feb. 26 board meeting. 

  1. Six directors were present, along with CEO Steve Seibert and Administrative Assistant Lisa Hinton. Donna Walker, president/CEO, and Rob Horton, executive vice president and COO, were also present from Hoosier Energy.
  2. Walker provided the board with an update on Hoosier Energy, including national industry trends, a long-term energy perspective, a resource portfolio, and a forecasted wholesale rate outlook.
  3. The Jan. 29, 2025, board meeting minutes were reviewed and approved.
  4. The membership certificates were reviewed. 
  5. The vouchers were reviewed and approved.
  6. The board approved a decrease to the Hoosier Energy Wholesale Power Cost Tracker effective April 1. 
  7. Seibert provided a fiber project update.  
  8. The CEO report was presented with Seibert reporting the following items:
    • LWG was on site to conduct the 2024 financial audit.
    • Reported on an office update.
    • Updated the board on the GIS project.
    • Reviewed the 2024 distributed generation report.
    • Reported on Project Indiana.
    • Discussed the 2024 NISC capital credit summary.
    • Provided a PCDC meeting report.
    • Informed directors of LEDO conference support. 
    • Seibert informed directors of upcoming meeting dates: NRECA PowerXchange March 9-12, Operation Round Up Board of Trustees Meeting March 25, Hoosier Energy Annual Meeting April 3, Spencer County Chamber annual dinner April 10, SIP Annual Meeting April 15, NRECA Legislative Conference April 27-30, CFC Forum June 30-July 2.
  9. Cory Berg, safety and training at Hoosier Energy, conducted regulator controls and bypassing safety skill improvement training on Feb. 13. Jon Elkins, vice president of safety, training, and compliance with IEC, conducted ladder safety training on Feb. 19. Seibert advised there were no lost time accidents, and no public liability claims to report.
  10. Seibert reviewed SWOT analysis and action matrix results from a recent Strategic Planning session.
  11. A capital credit committee meeting has been scheduled for March 21.
  12. Director Gary Waninger reported on a Hoosier Energy board meeting held on Feb. 10.
  13. Director Randy Kleaving reported on an IEC board meeting held on Feb. 19.
  14. Directors reviewed section 9 of the NRECA Good Governance Task Force Report.
  15. Director training opportunities were reviewed.
  16. Chairman Jeff Vogel reported a thank you note was received from Perry Central After Prom.
  17. The next regularly scheduled board of directors meeting will be held on Wednesday, March 26.