February Board of Directors meeting summary

Posted on Mar 26 2019 in Southern Indiana Power

In an effort to keep you informed of your cooperative’s operations and activities, the following are highlights of the Feb. 27 board meeting.

1. All directors were present along with CEO Steve Seibert and Administrative Assistant Lisa Hinton. Also present were Southern Indiana Power accountant Amy Ramsey, Earl Ridlen of the auditing firm LWG and John Wolfram of Catalyst Consulting, LLC.

2. The Jan. 23  board meeting minutes were reviewed and approved.

3. The membership certificates and vouchers were reviewed and approved.

4. Seibert reviewed the Hoosier Energy wholesale power cost tracker effective April 1. 

5. As the first item of new business, Earl Ridlen of LWG reviewed the 2018 audit report. The board approved the 2018 audit report as presented.

6. John Wolfram of Catalyst Consulting, LLC, presented a cost of service and rate study for the board’s consideration.

7. The CEO report was presented with Seibert reporting the following items:

a. Seibert provided a Cooperatives One update.

b. Seibert reported he, board chairman Jeff Vogel and directors Gary Waninger and Randy Kleaving attended the LEDC annual meeting.

c. Seibert reported on a meeting with Riverview Energy.

d. Seibert informed the board of a Spencer Co. Chamber dinner on March 14.

e. Seibert reported a final draw for the 2014-2017 RUS workplan has been made.

f. Seibert informed the board the EAP moratorium ends March 15.

g. Seibert reported Hoosier Energy is offering a MSR HEATS program.

h. Seibert informed directors of upcoming meeting dates: Operation Round Up Board of Trustees meeting, March 6; NRECA annual meeting, March 11-13; Operation Round Up board of trustees meeting, March 14; Hoosier Energy annual meeting, April 4; and NRECA Legislative conference, April 28-30.

8. The board approved a request from Indiana Electric Cooperatives for a corporate donation for 2019 FORE participation. 

9. Brandon Gentry, training and safety specialist with Hoosier Energy, conducted revenue metering skill improvement on Jan. 30. Chuck Tiemann, senior risk management/regulatory compliance at IEC, performed basic life support, basic first aid, AED and bloodborne pathogen training on Feb. 26. Seibert advised there were no lost time accidents and no public liability claims to report.

10. The board reviewed section 9 of the NRECA good governance task force report.

11. Seibert presented a Youth Tour committee report. Youth Tour attendees will be Kaylee Burden and Kaitlyn Sturgeon both from Perry Central. Touchstone Energy Camp attendees will be Elijah Knepper, Mayci Litherland, Gabe Steckler and Hadley Leibering.

12. Director Gary Waninger reported on a Hoosier Energy board meeting held Feb. 19.

13. Director Randy Kleaving reported on an IEC board meeting held Feb. 20.

14. Chairman Jeff Vogel read a thank you note from SIRS.

15. Director Michelle Lynch tendered her resignation from the board of directors effective Feb. 27, due to an employment conflict. The open board seat will be filled by member votes cast at the April 16 annual meeting. 

16. The next two regularly scheduled board of directors meetings will be held March 27 and April 24.