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Official Publication of Powder River Energy Corporation August, 2001

IT’S ANNUAL MEMBERSHIP MEETING TIME On Saturday, September 22nd, your electric cooperative, Powder River Energy Corporation will hold its Annual Membership Meeting. This is your opportunity, as a member-owner, to find out what’s going on behind the scenes at YOUR electric company. At the end of August you will be mailed a notice regarding the meeting. Included with the notice will be an agenda, financial report on your cooperative, director candidate profiles, and materials for voting on Directors. When you receive your Annual Membership Meeting notice, please notice that the meeting is being held in Sheridan this year. Registration begins at 10:30 am, lunch is at 11 am, entertainment at 12:30 pm and the business meeting will be called to order at 1:30 pm.

ANNUAL MEETING BUS

You can attend your annual meeting with no hassle or fuss by riding the bus to Sheridan. Save yourself a seat on the bus by returning the Lunch and Bus RSVP card that will be mailed to you with the annual meeting notice. The bus will be picking up riders at the following places and times: Sundance—7:00 am, Sundance Elementary School parking lot, North of 1-90 Exit 187 Moorcroft — 7:30 am, Conoco Gas Station/Coffee Cup, South of I-90 Exit 154 Gillette — 8:00 am, PRECorp’s Office, South of I-90 Exit 129 on Garner Lake Road Buffalo — 9:30 am, White Buffalo Parking Lot on Hwy 16 between I-25 and I-90 After the meeting the bus will return to each of the above locations in reverse order.

ENTERTAINMENT

Gordy Pratt, Pratt known as the “original, fabulous one guy,” does a fast paced, one man variety show with comic songs delivered by a variety of characters with flashy guitar playing. Gordy refers to much of his comedy as “Baby Boomer Humor” following the inevitable graying of the “Groovy Generation.” His original songs and parodies are good clean fun guaranteed to entertain audiences of all ages. Entertainment starts at 12:30 pm right after lunch and lasts until the beginning of the business meeting at 1:30 pm.

CEO STRAIGHT TALK

BY

MIKE EASLEY

In last months article I mentioned the various energy policies that are being developed at the Federal and State levels. In also described various aspects of the PRECorp’s policy as it relates to our Coal Bed Methane (CBM) growth. These efforts to develop policy and plans are extremely important and will set the stage for energy development for many years to come. Our recent efforts to establish policy and procedures relating to CBM have been very time consuming for staff and the Board. Our efforts to “stay on top” of the CBM wave have been quite the team effort. The activity and effort needed to do our part to sustain the development of a gas reserve that triples Wyoming’s proven reserves and which represents over 10% of our nations proven reserves is one that we must see to its logical conclusion. The CBM growth presents a mixed blessing to PRECorp and its members. On one hand our resources are being stretched creating unique challenges, and on the other hand we are experiencing opportunities that we would otherwise not have. Some of the unique challenges related to planning for such unusual growth is anticipating new power supply needs, infrastructure needs, and the impacts on PRECorp’s bottom line. Staff and the Board have been actively working on meeting these specific challenges. There are three studies that are currently under way which are intended to address each of these areas. The Power Requirements Study identifies our power supply needs; the Construction Work Plan identifies the needed infrastructure to support the delivery of power; and the Financial Forecast will model the impacts to our bottom line. A full day work session was held on July 16, 2001, with the PRECorp Board to discuss the status of the Continued on back page >>>


>>> CEO Straight Talk continued from front page

preliminary information relating to the Construction Work Plan and the Financial Forecast. Work on these studies will continue; however, the results thus far indicate sustainable growth and stable rates. This is especially good news in these times of increasing energy costs and market volatility. We will continue to work on these studies and will be reporting the final results as they are developed. It is my hope that we should have more information to report by the Annual meeting that will be held on September 22, 2001, in Sheridan. The annual meeting is being held in Sheridan this year as part of our effort to maintain a strong corporate presence throughout our service territory. We realize that this locale is not centrally located and that travel could be difficult for some. In hopes to make it more convenient for you to attend PRECorp will be chartering bus service. The pickup points and times are listed on the front page of this newsletter and will be included with the meeting notice. Attendance at the annual meeting is an important aspect of cooperative membership and I hope that you will be able to attend. In addition to reporting on the past years activities, we are planning to provide a brief report on the future outlook for PRECorp. I am sure you will find your time well spent. I look forward to speaking with you next month and I hope that you will consider attending the Annual Membership Meeting. Have a good month.

Powder River Energy Announces Scholarship Winners Powder River Energy Corporation’s Board of Directors recently named fourteen area students as recipients of scholarships for the 2001-2002 academic year. Fourteen $1,000 scholarships were awarded to students attending or who have graduated from the high schools in Powder River Energy’s service area. These scholarships are financed from unclaimed capital credits, which have become a gift to the cooperative. The scholarship winners are: Carly Messner, daughter of Jeff and Diane Messner, Arvada High School Juli-Ann Hansen, daughter of Bill and Jerri Hansen, Buffalo High School Karen Balo, daughter of Bob & Nora Balo, Campbell County High School Blake Johnson, Johnson son of Alan and Jo Johnson, Campbell County High School Josh Jones, son of Joe and Charlene Jones, Campbell County High School Amanda Thoet, daughter of James and Jean Thoet, Campbell County High School Kara Snook, daughter of Melvin and Deborah Snook, Hulett High School Laura Buckingham, daughter of Rocj and Joan Buckingham, Kaycee High School Matthew Spear, son of Mark and Robi Spear, Moorcroft High School Mandy Smith, daughter of Doug and Pam Smith, Newcastle High School Nevada DeLapp, son of Brett and Darcy DeLapp, Sheridan High School Lynette Bankenbush, daughter of Norbert and Lilly Bankenbush, Sundance High School Miranda Materi, daughter of Doug and Sharon Materi, Upton High School Lisa O’Mealey, daughter of Rene’e O’Mealey, Wright High School Powder River Energy’s $1,000 scholarships are designed to recognize and encourage academic achievements and to provide assistance in the educational endeavors of students whose parents or legal guardians are members of the electric cooperative.

Thanks For Prompt Payment

That's right. We want to thank our members who pay their bills promptly, Your prompt payment helps us hold down the cost of electricity to everyone. Paying by mail is convenient and saves you money. A stamp, which only costs 34 cents, saves you gas money and valuable time. You can also save postage, not have to worry about payment deadlines, or have to write monthly checks by enrolling in our Electronic Payment Plan. Once again, THANKS for your prompt payment!

Power Lines A publication of Powder River Energy Corp. P. O. Box 930 Sundance, WY 82729 As an official publication of Powder River Energy Corporation, the purpose of Power Lines is to communicate to member/ customers information concerning their electric cooperative, and to offer suggestions and ideas regarding the safe, efficient, and economical use of electric energy. Power Lines Editor: Mike Blenkush

power-lines-2001-08-15  

A NNUAL M EETING B US Official Publication of Powder River Energy Corporation August, 2001 Continued on back page >>>Continuedonbac...

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