Board Highlights J A N UA R Y
The PRECorp Board of Directors meeting was held Tuesday, January 18, in Sundance. Board Vice-president Walt Christensen chaired the meeting in the absence of Board President Tom Davis. All other board members were present.
Financials Overall, system sales for November 2010 were up 0.6 percent over November 2009. CFO Kanode answered questions regarding operating margins and work order close-outs.
Board Highlights
The safety minutes for meetings held December 7, 8 and 9 were approved. The meetings were held in Sundance, Gillette and Sheridan respectively.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
Executive staff reports
Corporate attorney Mark Hughes updated the board on ongoing legal matters.
The board approved a transfer of unspent 2010 funds from the Community Involvement Committee, to the Powder River Energy Foundation.
• The board approved a transfer of unspent 2010 funds from the Community Involvement Committee, to the Powder River Energy Foundation.
PRECorp CEO Easley reported on ongoing activities with the cooperative.
Safety
Legal Report
General Information
CEO Report
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• The board approved a bid to replace two miles of three-phase trunk line in the town of Moorcroft. VP Davis said the project is focused on the replacement of old overhead to ensure our quality of service. The project will commence this spring. • WREA Executive Director Shawn Taylor, via telephone, discussed the 2011 Legislative session in Cheyenne. • The Board held a telephonic discussion with a member regarding a request for a membership list and the member’s efforts to re-commercialize marginal CBM reserves. • The Board held an executive session for personnel policy and evaluation discussions. • The Board approved the 2010 TeamShare distribution. • The Board approved changes to policy 404.
The board approved a bid to replace two miles of three-phase trunk line in the town of Moorcroft. VP Davis said the project is focused on the replacement of old overhead to ensure our quality of service. The project will commence this spring. WREA Executive Director Shawn Taylor, via telephone, discussed the 2011 Legislative session in Cheyenne. The Board held a telephonic discussion with a member regarding a request for a membership list and the member’s efforts to re-commercialize marginal CBM reserves. The Board held an executive session for personnel policy and evaluation discussions. The Board approved the 2010 TeamShare distribution. The Board approved changes to policy 404. The Board approved a donation from the CIC funds to the Crook County Fire Auxiliary.
• The Board approved a donation from the CIC funds to the Crook County Fire Auxiliary.
The next meeting is Tuesday, February 22, in Gillette.
• The next meeting is Tuesday, February 22, in Gillette.
PRECorp employees Tim Velder, Betty Finn and Curtis Mock attended the meeting.
GILLET TE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
Guests to the meeting:
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights F E BR U ARY
The PRECorp Board of Directors meeting was held Tuesday, February 22, in Gillette. Board Vicepresident Walt Christensen chaired the meeting in the absence of Board President Tom Davis. Financials Overall, system sales for December 2010 were up 0.8 percent over December 2009. Safety
General Information
The external safety minutes for meetings held January 11, 12 and 13 were approved. The meetings were held in Sundance, Gillette and Sheridan respectively.
The Smart Grid Project is 48 percent complete and seven sites are ready for implementation of the microwave network. Six substations have SCADA capability. Lauren Wilson was selected as the Basin Member Scholarship recipient. Brandon Miner was selected as the PRECorp Employee Scholarship candidate. The board approved bids for the Moorcroft Madison Well Project;
CEO Report
Board Highlights
also highlighted the Measure X customer service training program. PRECorp scored well in a recent customer satisfaction study. VP Penning reported on the PRECorp Annual Meeting which will be held Saturday, August 20, in Upton. VP Davis detailed progress on line construction projects and reviewed bids.
PRECorp CEO Easley reported on ongoing activities with the cooperative. PRECorp will be conducting an informational meeting with the PSC the end of March. CEO Easley is offering to meet with CBM producers to discuss developing CBM strategy as the industry moves from booming growth to sustainability. Discussion was held regarding efforts to understand margin drivers and changing cash position.
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the Range Telephone Sundance Project; the Sundance Alley Rebuild Project; and the Sewell and Adkins Pole Replacements in Newcastle. The startup of the Dry Fork Station will take place in March with commercial operation scheduled for June. The dedication of the facility is set for August 11, 2011. The Basin Electric Board of Directors and the PRECorp Board will schedule a joint activity that day. The next Board meeting is scheduled for Tuesday, March 22, in Sheridan. Basin Electric General Manager Ron Harper will attend to provide a Basin update to the PRECorp Board. Guests to the meeting: Elizabeth Nisley, Karri Blasi, Curtis Mock, Peter Rossi and Cindy Sarles, all PRECorp employees, attended the meeting.
Legal Report Attorney Hughes reported that Corporate attorney Mark Hughes updated the board on ongoing legal matters. Executive Staff Reports VP Schloredt reviewed the status of the Idle Service Filing. Schloredt
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • PO Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
GILLETTE 200 Garner Lake Road • PO Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • PO Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights MAR C H
The Powder River Energy Corporation Board of Directors regular meeting was held Tuesday, March 22, in Sheridan. Board President Tom L. Davis chaired the meeting. Financials CFO Floyd Kanode reviewed the financial statements for the month of January 2011. System sales for January 2011 are up 0.6 percent over last year. Safety The minutes from the Sundance Safety Meeting held February 8; the Gillette Safety Meeting held on February 9; and the Sheridan Safety Meeting held on February 10, were approved. CEO Report CEO Easley is providing the Wyoming Public Service Commission with a PRECorp update on March 30, in Cheyenne.
Legal Report Attorney Hughes reported on the progress of legal matters relevant to PRECorp. Executive Staff Reports VP Davis announced that environmental assessments are now being conducted in-house as a cost savings for the members. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card. There are 31 metrics being tracked in 2011. Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. Eliason discussed substations that have SCADA capability, and sites are ready for implementation of the microwave network. Overall the project is 56 percent complete.
General Information The Board made the following appointments to the nominating committee: Sheridan – Norma Malli and Gary Koltiska; Johnson – Ed Foust and Fred Carr; Crook – Dennis Williams and Stephen Hilty. Basin Load Forecast: Manager of System Planning Clark Hendrickson presented a review of the Basin Load Forecast. The board voted to approve the forecast. Basin General Manager Ron Harper and CFO Paul Sukat were present at the Board meeting to discuss a possible rate increase in late 2011. Bill Goebes, Rick McClure and Jim Brown were present to provide an update on HD Supply. Contract Administrator Ray Miner reviewed the HD Supply performance and the board voted to authorize CEO Easley to execute the HD Supply Alliance Contract. Approved Items • VP Davis reviewed the project initiation for the Mona to Colony Rebuild. The board voted to approve the initiation of this project.
Board Highlights SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
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• VP Davis reviewed the bids for the Bison Amine Plant project. The board voted to approve. Guests to the Meeting Basin Electric General Manager Ron Harper, Basin Electric CFO Paul Sukat; HD Supply representatives Rick McClure, Bill Goedes, and Jim Brown; PRECorp employees Curtis Mock, Kristin Kelly and Brad Jones.
GILLET TE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights AP R I L
The Powder River Energy Corporation Board of Directors regular meeting was held Tuesday, April 18, in Sundance. Board President Tom L. Davis chaired the meeting. Financials CFO Floyd Kanode reviewed the financial statements for the month of February 2011. System sales for February 2011 are down 0.1 percent over last year.
The Crook County Sheriff’s Office continues to investigate a March 29 vandalism incident at a PRECorp substation. CEO Easley and the Board discussed the management of Renewable Energy Certificates, also known as “Green Tags.”
reviewed the current progress of the Smart Grid Project. Eliason discussed substations that have SCADA capability, and sites are ready for implementation of the microwave network. Overall the project is 61 percent complete.
Legal report
General information
Attorney Hughes reported on the progress of legal matters relevant to PRECorp.
Sr. VP Penning reviewed the past recipients of the Earl Christensen Award with the Board. Nominations will be considered in June. Planning for the August Dry Fork Station dedication ceremony continues in coordination with Basin Electric Cooperative. Board member Ritthaler reported the search will begin in the near future for Basin Electric General Manager Ron Harper’s replacement. Basin and PRECorp will meet in a joint meeting in August in Gillette. The dedication of the Dry Fork Station will follow on August 11. Dry Fork Station is 99 percent complete.
Safety
Executive staff reports
The minutes from the Sundance Safety Meetings held March 8; the Gillette Safety Meetings held on March 9; and the Sheridan Safety Meetings held on March 10, were approved.
VP Davis outlined discussion held regarding enhancing end-oflife options for Coal Bed Methane wells. VP Wilson reviewed details of the Balanced Scorecard and explained measurement parameters of the program. VP Sutter reviewed PRECorp’s incident report review process and transformer management program. Project Manager Steve Eliason
CEO Report CEO Easley discussed PRECorp’s participation in Rural Electric Safety Achievement Program and the cooperative’s culture of safety.
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Board Highlights
Approved items
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
• Directors approved site acquisitions for the Smart Grid Project. • The board approved the low bid for the Powder River Substation 28 MVA transformer. Guests to the meeting New HR Clerk Deb Cooper was introduced to the board. Others present at the meeting were Clark Hendrickson, Betty Finn, Curtis Mock, Libby Nisley, Tim Velder, Steve Eliason and Shannon Gaylord.
GILLET TE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights MAY
The Powder River Energy Corporation Board of Directors regular meeting was held Tuesday, May 17, in Gillette. Board President Tom L. Davis chaired the meeting. All directors were present. Financials CFO Floyd Kanode reviewed the financial statements for the month of March 2011. System sales for March 2011 are down 0.5 percent compared to March 2010.
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CEO Report
Executive staff reports
CEO Easley informed the Board of the RUS audit that took place; reviewed the PRECorp transmission strategy as it applies to the Common Use System; and shared an excerpt from a video on Rare Element Resources.
VP Schloredt will look into providing members with the option of designating that their capital credit refunds be directed to a charitable giving agency, such as the PRECorp Foundation. VP Davis updated the Board on a metering issue that has been resolved for a customer. VP Mills reported the Coordination Engineer position has been filled. Sr. VP Penning shared the new designs that will be used for PRECorp documents in the future. VP Sutter reported the Service Interruption Rules had been approved by the PSC. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card.
Legal report Attorney Hughes reported on the progress of legal matters relevant to PRECorp.
Safety
Guests to the meeting
The board approved the minutes from the Sundance Safety Meeting held April 5, the Gillette Safety Meeting held on April 6, and the Sheridan Safety Meeting held on April 7.
Guests at the meeting included Campbell County High School senior Mitchell Nedved; and PRECorp employees James Carlin, Curtis Mock, Peter Rossi, Ray Miner and Quentin Rogers.
Board Highlights
General information Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 65 percent with 12 sites fully functional. Peter Rossi presented information on deadlines for the August 20, 2011 PRECorp Annual Meeting. Ray Miner reviewed his MIP project with the Board. Approved items
Photo by Tim Velder/PRECorp Marketing Communications Specialist
PRECorp Board President Tom Davis, left, visits with Wyoming Governor Matt Mead during the Gillette Chamber of Commerce Governor’s Luncheon April 26 in Gillette.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
• Line rebuild contract for the Highway 585 to Moskee project • 2011 pole testing contract • Extension of the solar-powered stock well water pumping grant program
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights JU N E
The Powder River Energy Corporation Board of Directors regular meeting was held Tuesday, June 21, in Sheridan. Board President Tom L. Davis chaired the meeting. All directors were present. Financials CFO Floyd Kanode reviewed the financial statements for the month of April 2011. System sales for April 2011 are down 1.0 percent compared to April 2010. Safety The board approved the minutes from the Sundance Safety Meeting and Sundance In-House Safety Meeting held May 3, 2011, the Gillette Safety Meeting and the Gillette In House Safety Meeting held on May 4, 2011, and the Sheridan Safety Meeting and the Sheridan In House Safety Meeting held on May 5, 2011. CEO Report CEO Easley reported that PRECorp has been selected by the Blanchard Company for a beta test of their “Training for Optimal Motivation” course. NRECA has also been invited to participate as well. PRECorp has received invitations to the Thursday, August 11, Dry Fork Power Plant Dedication Ceremony. CEO Easley requested the Board to let him know if they have specific individuals or members that they would like to invite to the event.
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Executive staff reports VP Schloredt updated the board on a service reconnection policy. VP Davis updated the Board on customer billing adjustments. HR Clerk Cooper reported on personnel issues. Sr. VP Penning updated the board on the Annual Meeting, set for August 20 at the Upton Elementary/ Middle School. VP Sutter reported on recent outage statistics, construction and maintenance. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card. 31 metrics are being tracked in 2011. Approved items • The Board selected 14 PRECorp scholarship recipients and 8 alternates • Hilight South Phase 3 Rebuild • Springen-Kitty Relocation Betterment Project
Board Highlights
Legal report Attorney Hughes reported on the progress of legal matters relevant to PRECorp. Guests to the meeting Guests at the meeting were PRECorp employees Deb Cooper, Peter Rossi and Libby Nisley. General information Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 73 percent with 14 sites complete. An expected 19 sites are slated to be complete by July 31, 2011. Sr. VP Penning reported the Crook County Sheriff is continuing to investigate the March 27 vandalism at the Wenande Substation. The Board increased the reward amount to $15,000.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
Photo by Tim Velder/PRECorp Marketing Communications Specialist
Powder River Energy crews activate power to the new Sundance Post Office on June 3, 2011.
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights J U LY
The regular meeting of the Board of Directors of Powder River Energy Corporation was held Tuesday, July 19, in Sundance. President Tom L. Davis chaired the meeting. All directors were present. Financials CFO Floyd Kanode reviewed the financial statements for the month of May 2011. System sales for May 2011 are down 1.2% compared to May 2010. Safety The board approved the minutes from the Sundance Safety Meeting held June 21, 2011, the Gillette Safety Meeting held on June 22, 2011, and the Sheridan Safety Meeting held on June 23, 2011.
Board Highlights
CEO Report Deputy GM Penning and CEO Easley met with the Asst. Attorney General and the Special Agent for the US FWS to share information and report on PRECorp’s Avian Protection Plan completion and implementation. CEO Easley reviewed the new agreement on the Basin Green Tags.
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Peter Rossi reported that 83 proxies have been received for the 2011 Annual Meeting. Peter Rossi reviewed the purchase requirements for the various fairs in the area. This year donation of several of the 4-H animals will go to the Wyoming Food Bank of the Rockies. Commercial operation of the Dry Fork Station will begin in November of 2011. Approved items • Annual meeting elections judges were appointed • Awarded bid for APP Retrofit, Caballo Line Relocation, Hulett Circuit 3 CWP • Approved the project for the Newcastle URD • Approved land lease for Powder River Substation Guests to the Meeting PRECorp employees also in attendance at the meeting were Elizabeth Nisley, Curtis Mock, Karri Blasi, Peter Rossi, and Betty Finn.
Legal Report Attorney Hughes reported on the progress of legal matters relevant to PRECorp. Executive Staff Reports VP Schloredt reported the Idle Service Tariff has been filed with the PSC. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card. A total of 31 metrics are being tracked in 2011. General Information Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 80 percent. An expected 19 sites are slated to be complete by July 31, 2011.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
Photo by Tim Velder/PRECorp Marketing Communications Specialist
A construction crew assembles a SCADA communications tower on Warren Peak in July 2011.
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights AU G U S T
The regular meeting of the Board of Directors of Powder River Energy Corporation was held Tuesday, August 16, in Gillette. President Tom L. Davis chaired the meeting. All directors were present. Financials CFO Floyd Kanode reviewed the financial statements for the month of June 2011. System sales for are down 1.5% compared to June 2010. Safety The board approved the minutes from the Sundance Safety Meeting held July 12, 2011, the Gillette Safety Meeting held on July 13, 2011, and the Sheridan Safety Meeting held on July 14, 2011. CEO Report Deputy GM Penning reviewed the 2012 Budget with the Board. He fielded questions from the Board in regards to sales, revenue, and environmental regulations.
Board Highlights
Legal Report Attorney Hughes reported on the progress of legal matters relevant to PRECorp. Executive Staff Reports VP Schloredt reported Annual Meeting proxies are down from previous years. VP Davis reported on the APP structures and standards. VP Sutter reported his group is working on keeping up on the Construction Work Plan projects. VP Sutter introduced Mitchell Nedved and he reported on his experiences with the Youth Leadership Camp in Colorado. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card. A total of 31 metrics are being tracked in 2011. General Information Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 88%. 19 sites are complete with 24 slated to be complete by October 7, 2011.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
Deputy GM Penning reported on the Upton City Council held during the previous week. Deputy GM Penning provided Annual Meeting historical information to the Board in regards to meeting dates, entertainment, elections, venue, proxies, and votes to the Board. Other items • Ray Miner presented the variance report on the 2011 Physical Inventory. • VP Davis updated the board on the current work plan status. •Board approved re-appointment of Susan Berry and John Flocchini to the PRECorp Foundation. •Basin Representative Reuben Ritthaler reported on the Dry Fork dedication and the joint meeting. •The Board reviewed the WREA notice and agenda. Guests to the Meeting PRECorp employees also in attendance at the meeting were Elizabeth Nisley, Curtis Mock, Missy Juelfs, Tim Morris, Peter Rossi, and Ray Miner. Other guests included Jesse Gillam and Mitchell Nedved.
Photo by Tim Velder/PRECorp Marketing Communications Specialist
PRECorp Board Members Reuben Ritthaler, center, and Walt Christensen, right, discuss a 4-H Livestock Sale purchase with a Weston County 4-H student.
GILLET TE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
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SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights SE P TE MBE R
The annual reorganizational meeting of the Powder River Energy Corporation Board of Directors was held Tuesday, September 20, 2011, in Sheridan. Attorney Mark Hughes chaired the meeting until Tom Davis was re-elected Board President. Davis chaired the remainder of the meeting. New member Mike Lohse was installed. Walt Christensen was re-elected Vice-president and Philip Habeck Secretary-treasurer. Financials System sales are down 1.9% compared to August 2010. Safety The minutes for the August safety meetings were approved.
Board Highlights
CEO Report CEO Easley met with the new CFC representative. The CFC is developing a program to provide quarterly training to the Board and management in the next year. CEO Easley discussed annexation agreements with the City of Gillette and the current financial forecast.
VP Mills reviewed changes in regards to benefits. VP Sutter reported on the status of the 2011 pole testing program. VP Sutter will clarify procedures for contractors operating on private land. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card and metrics that are tracked in 2011. Deputy GM Penning reviewed the 2011 Annual Meeting and its successes and areas that could be changed. General Information Smart Grid Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The project completion is at 91% and 24 sites are scheduled to be complete by October 7, 2011. CEO Easley reported that
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he attended the Upton Town Council meeting and a franchise agreement with PRECorp was renewed. Approved Items • Accept the audit report and the audit agreement. • Bids for the I-90 North Substation and Transmission Line Construction project. • Project initiation for the Upton Voltage Conversion and L&R3 Phase Rebuild. • Project initiation for the Carr Draw-Barber Creek 69kV Transmission line. Guests to the Meeting: PRECorp employees Karri Blasi, Peter Rossi and Hoby Hughes; Shawn Taylor, WREA Executive Director; auditor Roger Schmidt of Schmidt and Company; past director Ken Knudson and his wife Elaine Knudson.
Legal Report Attorney Hughes reported on legal matters relevant to PRECorp. Executive Staff Reports CFO Kanode reported on the status of the limited liability company organized by PRECorp. At this time it is maintained as there is no real staff time taken to keep it. VP Schloredt reviewed the status of a past-due account. VP Davis reported an agreement has been signed with Rare Element Resources to move forward with their project.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
Photo by Tim Velder/PRECorp Marketing Communications
PRECorp Board Secretary/Treasurer Philip Habeck, center, inspects the ballot opening during the August 20 Annual Meeting in Upton. VP Dolly Schloredt, left, and Gillette Office Supervisor Pam Stinson, right, open the sealed ballots.
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights OC TOBE R
The regular meeting of the Powder River Energy Corporation Board of Directors was held Tuesday, October 18, 2011, in Sundance. President Tom Davis chaired the meeting. Financials System sales are down 2% compared to September 2010. Safety The minutes for the September safety meetings were approved. CEO Report CEO Easley updated the CFC training program for the Board and management. CEO Easley discussed the Wyoming Business Alliance Wyoming Forum. PRECorp is a sponsor and this event will take place on November 15 and 16. Legal Report
Board Highlights
Attorney Hughes reported on legal matters relevant to PRECorp.
Executive Staff Reports VP Wilson reported a twoway radio system project will be brought to the Board in the coming months. He reviewed the dashboard developed for the 2011 Balanced Score Card. Sr. VP Penning reported the new external website would be launched in the near future. He reported on the current status of the 2012 Budget development. VP Schloredt reported the amount to write off for October 2011. She reviewed the capital credit retirement amounts with the Board. The Board requested that all of the remaining capital credits budgeted for 2012 be retired. VP Davis reported that no bids were received for the Kitty to Springen Tie Line Construction project. His department will look for other options to perform the construction.
Photo by Tim Velder/PRECorp Marketing Communications
PRECorp Manager of Land and Environmental Services Tracy Jones shows a plastic switch cover that helps shield a bird from electrocution during the Oct. 5, 2011, Avian Protection Seminar sponsored by Powder River Energy Corporation.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
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General Information Smart Grid Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 94%. It was reported that 24 sites are complete at this time. Peter Barron Stark reviewed the results of the 2011 employee opinion survey with the Board. Basin Electric Cooperative Representative Reuben Ritthaler reported that Basin has hired a new General Manager, Andy Serri. Peter Rossi presented the Board with options for the date and venue for the 2012 Annual Meeting. Approved Items • The annual filing with the WY PSC on the COPA application. • The 2012 Annual Meeting will be held at the Gillette High School South Campus on August 25, 2012. • Approved the APP Retrofit project. • Awarded the contract for the Barber Creek to Carr Draw 25kV Tie Line Construction project. • Approved management’s recommendation for the medical plan for 2012. Guests to the Meeting PRECorp employees in attendance were Karri Blasi, Peter Rossi, Curtis Mock, and Elizabeth Nisley. Others present were Peter Barron Stark, David Hedrick, and Brandon Hargett.
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights N OVE MBE R
The regular meeting of the Powder River Energy Corporation Board of Directors was held Tuesday, November 15, 2011, in Gillette. Vice-president Walter Christensen called the meeting to order and presided over the meeting until President Tom Davis arrived. Financials System sales are down 2% compared to September 2010. Safety The minutes for the October safety meetings were accepted.
Board Highlights
CEO Report CEO Easley reported on requests for power from developments in the area. The Board will hold 1 1/2-day meetings in December and January to outline the strategic course
of PRECorp in 2012 and beyond. The Town of Upton franchise continues to work through the approval process.
rent progress of the Smart Grid Project. The actual completion is at 95%. The last substation is scheduled to be complete in mid December. Peter Rossi reported the venue originally selected for the 2012 Annual Meeting is not available. The alternative that has been selected is the Clarion in Gillette on August 25, 2012. Rossi reported PRECorp scored an 87 on the American Consumer Satisfaction Survey, which is three points higher than the score received in 2009.
Legal Report Attorney Hughes reported on legal matters relevant to PRECorp. Executive Staff Reports VP Wilson reported the redesigned website (www.precorp. coop) would be opened to the public on November 18. He reviewed the dashboard developed for the 2011 Balanced Score Card. VP Sutter reported on Operations activities and the annual infrared testing at the substations. VP Davis reported on the status of the Teckla relocation project.
Approved Items • Approved amendment to the bylaws, Article IV, Section 2 regarding Election and Tenure of Office. The language added will state “drawing by lot shall resolve, where necessary, any tie votes.” • Capital Credit Retirement Allocation: The amount allocated for the Capital Credit Retirement is $1.95 million. Of that amount 60% is allocated towards 2010 and 40% is allocated towards 1983. • Approved rate adjustments for Small Power Production and Residential Heat Rate. • Awarded the contract for the Mobile Radio System Upgrade project.
General Information Smart Grid Project Manager Steve Eliason reviewed the cur-
Photo by Tim Velder/PRECorp Marketing Communications
Powder River Energy Corporation CEO Mike Easley meets with USDA Rural Development representative Jon Crabtree, on November 3, to reauthorize PRECorp’s Solar Powered Water Pumping program.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
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Guests to the Meeting PRECorp employees in attendance were Ray Miner, Peter Rossi, Caren Smith, and Elizabeth Nisley. Other guests included Jeff and Nita Van Vlerah and Jeff Bingham.
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax
Board Highlights D E C E MBE R
The regular meeting of the Powder River Energy Corporation Board of Directors was held Tuesday, December 20, 2011, in Sheridan. President Tom L. Davis called the meeting to order and presided over the meeting. All directors were present. Financials System sales are down 1.9% compared to October 2010. Safety The minutes for the November safety meetings were accepted.
Board Highlights
CEO Report CEO Easley directed the Board’s attention to a thank you note received from a member. A dinner meeting with the new CEO of Basin Electric and the Class A Managers will take place on January 18, 2012.
CEO Easley reported his team will continue to work on the re-visioning for the company. He will work towards having Schulz Consulting appear at the January Board meeting to discuss the revisioning process.
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will be executed by Peabody in 2012. VP Wilson reported that work is beginning in partnering with potential cellular users on PRECorp’s towers. This will be discussed further at the January Board Meeting. VP Wilson reviewed the dashboard developed for the 2011 Balanced Score Card.
Legal Report Attorney Hughes reported on legal matters relevant to PRECorp.
General Information Smart Grid Project Manager Steve Eliason reviewed the current progress of the Smart Grid Project. The actual completion is at 99%. The final reporting to the DOE will be done in March of 2012 with a project audit completed in June of 2012. Manager of Finance Curtis Mock reviewed information on the Basin Bill Credit. The Board approved the Finance recommendation that the bill credit be retained to reduce wholesale power cost increases. A modification of the revenue deferral plan filed with the WY PSC would be submitted as well as an updated plan provided to RUS.
Executive Staff Reports CFO Kanode reviewed the expenditures with the Board on the check register questions. VP Schloredt provided the Board with information on the Customer Service department’s reorganization. The department will now be titled “Member Service.” VP Davis reported the contract for the preliminary study to relocate the Teckla Substation
Approved Items • Approved Kitty to Springen Tie Line contract • Approved 2012 budget
Photo by Peter Rossi/PRECorp Marketing Communications
Dry Fork Station Operations Superintendent Joel Dingman, left, meets with PRECorp Board President Tom L. Davis, right, and other PRECorp officials during a December 7 tour of the newly opened power plant north of Gillette.
SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax
GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax
www.precorp.coop
Guests to the Meeting Guests to the meeting were Peter Stark of Peter Barron Stark and Associates, Jay Stender of Forward Sheridan and David Reher of Federated Rural Electric Insurance Exchange. PRECorp employees also in attendance were Peter Rossi, Curtis Mock, Danea Crowder, and Elizabeth Nisley.
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax