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PRECorp Mission Powder River Energy, your electric cooperative, will deliver high quality, competitively-priced electric power and services enhancing the quality of life by providing leadership and service in our communities. 8 to our member-owners, P R E C O R P while NEW S

CEO Straight Talk

Str a The tegic me s

Internal Processes

Financial

Members

Do you recall my article from last month that paralyzed our nation is based upon this either/ described PRECorp’s Strategy Map? If so, I or thinking. hope you found it helpful to understand our I believe our strength, the realization of our PRECorp will be an innovative leader through growthand in territory, services, Mission and Vision the Strategy thatand we membership. We will be strategically aligned as we purpose, and the fuel for strive our passion, lies in increase economies of scale, leverage opportunities for diversification, and improve team engagement. We will to influence use to realize that vision. I think it is interest“both/and” thinking. Webe can bothofhighregulation and political policies at all levels of government through involvement of our stakeholders. We will anhave example ing to note that the articles in this month’s excellence to our cooperative network and will be the electrical power service provider, and employer of choice in theelectric region.powquality and competitively -priced PRECorp news fall under each of the Strategic er and services, we can improve the quality of M4. Themes in ourM2. Strategy Map. These were That provide M1. M3.the life by providing service PRECorp is aboth good leadership aand truly PRECorp’s rates are fairMemberPRECorp At PRECorp my voice is grey boxes between the Perspective is easy to do corporate citizen and leads in our communities. cooperative and competitive heard with and the Internal Process Perspective business as shown by example member experience on the diagram. Our theme areas for our straLet’s go back to our roots and the very reategic objectives are Member and Community son for our existence that our founders disF3. our formation. Here F1. F2. Ensuring Engagement, Sustainable Growth, and Operacerned during you will Retire Capital Credits Distribution Manage Wholesale Power Cost stewardship m i kControl e eas l e y , Operating Costs tional Excellence. see a strong and unyielding passion to make and financial CEO strength our communities even MEMBER AND COMMUNITY OPERATIONAL SUSTAINABLE better places ENGAGEMENT EXCELLENCE GROWTH to live. The P1. P5. electricity that was brought to rural WyoP9. Member connectivity through Thediversification article on Pole TestSeek Maintain financial stability ming then, and now, is an essential element innovation, education, loadunder mix our Opering of falls communication to our quality of life. ational Excellence Theme, P7. Bylaw P2. P3. the article on the Electricity feeds us when we cook with it, it P6. P11. To Maxmize Support Maintain P10. Amendment falls under our keeps us warm in winter and cool in summer, Expand Leverage successfully engagement and proactively Achieve economies technology deliver the Sustainable Growth it entertains with Theme, encourage balanced excellence in us as it powers our entertainment Strategic of scope and to drive political regulatory and the Articlewholesale on Concern core business systems, and it saves lives by running our medProcesses scale efficiencies power supply relevancy framework for Community falls under ical facilities. It helps our kids learn. The coopour Member and Community erative model of neighbors helping neighbors, P12. Maintain P4. Support and Engagement Theme. It is easy made an incredible amount of sense when this P8. Manage risk of competitive and fair rates develop community stranded to see how weinvestment strive for aligncooperative was created, and I think it makes for all resources ment in our strategies and what even more sense today and into our future. T1. it isT2.we do. T3. T4. of asuccession cooperative is cooperation. Maximize Team Alignment We will This Appropriately Deploy Achieve a greater Team At the heart Embrace empower with Strategy and Right nowBased many of understanding you might of bebenefits calls usplanning, Directive and Team knowledge to do more for you than just provide a our Team Execution Leadership and these compensation transfer, and thinking to yourself: “Mike, are commodity. Ourretention business model depends on really interesting things, but why don’t the Seven Cooperative Principles outlined on Keeping Members First • Sustainable Growth • Competitive Rates and High Quality Service you just focus on keeping the lights on the first page of this month’s PRECorp GuidedNews. Support and Develop the PRECorp Team • Enhancing the Quality of Life of our Members by what and the power costs low?” This was a question matters and These principles, vibrant communities, that we asked ourselves during our preparamost Safety • Integrity • Innovation • Accountability • Commitment Community engagedto(and informed) members-owners are tion for our August 2012 strategic retreat, and both the reason for our successful past and the I am sure it is one that we will continue to ask. key to our future. The value of your cooperaThe short answer is that we do not live in an tive is in both providing power, and in making “either/or” world, it is much more complex our communities an even better place to be. than that. Take what is currently happening in Washington, D.C. The partisanship that has PRECorp Mission

Powder River Energy, your electric cooperative, will deliver high quality, competitively-priced electric power and services to our member-owners, while enhancing the quality of life by providing leadership and service in our communities.

M1. At PRECorp my voice is heard

M2. PRECorp’s rates are fair and competitive

F2. Manage Wholesale Power Cost

F3. Retire Capital Credits

MEMBER AND COMMUNITY ENGAGEMENT

SUSTAINABLE GROWTH

OPERATIONAL EXCELLENCE

Internal Processes

P1. Member connectivity through innovation, education, communication

P2. Support and encourage political relevancy

P5. Seek diversification of load mix

P3. Maintain proactively balanced regulatory framework

P6. Expand economies of scope and scale

Principles

People and Team Culture

P4. Support and develop community resources

Values

M4. PRECorp is a good corporate citizen and leads by example

M3. PRECorp is easy to do business with

F1. Control Distribution Operating Costs

T1. Maximize Team Alignment with Strategy and Execution

P7. Maxmize engagement with wholesale power supply

Keeping Members First • Sustainable Growth

T3. Achieve a greater Team understanding of benefits and compensation

P11. Leverage technology to drive efficiencies

T4. Embrace succession planning, knowledge transfer, and retention

Safety

• Accountability • Commitment to Community

Innovation

We will empower our Team

• Competitive Rates and High Quality Service

• Enhancing the Quality of Life of our Members

Integrity

To successfully deliver the Strategic Processes

P12. Maintain competitive and fair rates for all

Support and Develop the PRECorp Team •

Ensuring stewardship and financial strength

P9. Maintain financial stability

P10. Achieve excellence in core business

P8. Manage risk of stranded investment

T2. Appropriately Deploy Directive and Team Based Leadership

That provide a truly cooperative member experience

Guided by what matters most

Values

Principles

People and Team Culture

Financial

Members

PRECorp will be an innovative leader through growth in territory, services, and membership. We will be strategically aligned as we increase economies of scale, leverage opportunities for diversification, and improve team engagement. We will strive to influence regulation and political policies at all levels of government through involvement of our stakeholders. We will be an example of excellence to our cooperative network and will be the electrical power service provider, and employer of choice in the region.

POWDER RIVER ENERGY CORPORATION

Regular business: 1-800-442-3630 • Report an outage: 1-888-391-6220 www.precorp.coop

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