Board Highlights SE P TE MBE R
The regular meeting of the Board of Directors of Powder River Energy Corporation was called to order at 9:35 a.m. Tuesday, September 18, 2012, at the Sheridan Inn, by President Walt Christensen. All directors were present.
NOTE: During the annual reorganizational meeting of the board, Walt Christensen was elected president, Paul Baker vice-president and Philip Habeck secretary-treasurer.
Board Highlights
Financials YTD system sales through June 2012 were down 2.6% compared to YTD July 2011.
Safety The safety minutes for the August 2012 safety meetings were approved. CEO Report CEO Easley updated the board on cooperative outreach efforts. He reviewed talks with other electric cooperatives from southern Montana. Legal Report Attorney Mark Hughes reported on legal issues relevant to PRECorp. Attorney Hughes reviewed the changes that were suggested by the Bylaw Committee regarding Class C membership.
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Executive Staff Reports HRO Mills gave an update on personnel. General Information Peter Barron Stark reviewed the 2012 Employee Opinion Study results with the Board. Overall the results were up 2.9% from 2011. The 2013 PRECorp Annual Meeting will be held Saturday, August 24, in Hulett. CEO Easley reminded the Board of the CFC Training that will be held on October 15 in Gillette. Steve Eliason reviewed the progress of the 42 initiatives that are scheduled for completion in 2012. Manager of Financial Planning Curtis Mock reviewed the updated timeline for the 2013 Budget. The Budget Committee Meeting is set for October 29, 2012. Approved Items • Hawken ONEOK Project • Keyhole Conversion Project Initiation • Reappointed Julie Swanda to another term on the Foundation Board of Directors • Line retirement and line rebuild contracts • Canceled the Clear Creek Circuit 3 project • Avian retrofit contracts
Photo by Tim Velder/PRECorp Communications
PRECorp Apprentice Lineman Jace Romrell attaches a coiled marker to a transmission line north of Gillette to alert migrating geese of power lines in the flight path.
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 PRECorp employees Steve Eliason, Gary Kipp, Curtis Mock, John Tieman, Kristin Kelly and Tim Velder. Also attending portions of the meeting were Peter Barron Stark and representatives of Fergus Electric Cooperative, Bob Evans, Scott Sweeney, David Dover, Terry Frost, and Paul Descheemaeker.
SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax