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Board Highlights AU GU ST The Regular Meeting of the Board of Directors of Powder River Energy Corporation was called to order at 9:30 a.m. on Tuesday, August 20, 2013, in Gillette by President Walt Christensen. All board members were in attendance. Financials System sales for June 2013 are down 4.3% from June 2012. Safety The minutes for the June safety meetings were approved.

Board Highlights

CEO Report CEO Easley reported on activities involving interaction with the Wyoming congressional delegation, cooperative outreach, and upcoming Board meetings. Executive Staff Reports Sr. VP of Operations Mike Pommarane discussed the process for cross training staff for projects of varying sizes. Sr. VP of Engineering Matt Davis discussed ferroresonance issues which can occur and cause catastrophic failures in underground systems which can blow a transformer. Sr. VP of Member Service Dolly Schloredt discussed pending bankruptcy filings, and zero-use service inventory. General Information A Gillette Cam-Plex annexation hearing is set for 7 p.m., September 16. There was also discussion on the number of PRECorp meters proposed to be taken over by the City of Gillette.

SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax

Manager of Financial Planning Curtis Mock reviewed the CBM retirment fund structure with the board. Mock also reviewed the 2014 Budget process. PRECorp Financial Analyst Libby Opstedahl provided a plan for the 2014 Financial Forecast. Ray Miner explained details of the physical inventory report. Legal Report Attorney Mark Hughes reported on legal issues relevant to PRECorp. Guests to the Meeting: Corporate Attorney Mark Hughes, Guernsey representative David Hedrick (via teleconference), PRECorp employees Ray Miner, Tim Velder, Libby Opstedahl, Curtis Mock, and John Tieman. Approved Items • Avian retrofitting project in Campbell County; • Tabled action on proposed rate case;

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Called a special meeting for 10 a.m. August 24, to consider member input on the rate case; D-Road dampening project.

Special Meeting/Annual Meeting: A special meeting of the Board of Directors of Powder River Energy Corporation was called to order at 10 a.m. on Saturday, August 24, 2013, in Hulett by President Walt Christensen. All board members were in attendance. The board approved the filing of the 2013 Cost of Service Study Rate Case as presented by the Financial Planning staff. The 68th PRECorp Annual Meeting was called to order at 12:15 p.m. Saturday, August 24, in Hulett by President Walt Christensen. Members cast ballots for three director seats. Pam Kinchen, Reuben Ritthaler, and Gerry Geis were elected to three-year terms. The next regular meeting will be at 9:30 a.m., September 23 and 24, 2013

Photo by Tim Velder/PRECorp Marketing Communications

PRECorp Metering Foreman Cory Jensen, right, leads a class on “Metering for Linemen” at the Cody Hotlines School, August 13-15, in Cody, Wyoming.

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


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