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Board Meeting Highlights

HIGHLIGHTS OF THE JUNE 24, 2020 BOARD MEETING

In an effort to keep you informed of your Cooperative’s operations and activities,
the following are highlights of the June 24 board meeting.

1. All directors were present along with CEO Steve Seibert.  Also present was
    Administrative Assistant Lisa Hinton.

2. The May 27, 2020 board meeting minutes were reviewed and approved.

3. The membership certificates were reviewed.

4. The vouchers were reviewed and approved.

5. The director’s reports were reviewed and approved.

6. Seibert reviewed the Hoosier Energy Wholesale Power Cost Tracker revision.

7. Seibert provided an update on the FTTH/broadband project with PSC.

8. Seibert reported Perry County Port Authority withdrew their request to apply
    for a REDLG loan.

9. The CEO Report was the first item of new business with Seibert reporting the following:
    a. Seibert informed the board glass partitions have been installed in the lobby. 
       The lobby will re-open July 6.
   b. 
​​​​​​​Seibert provided a RUS cushion of credit analysis.
   c. Seibert informed the board the capital credit notices will be mailed to
       former members on July 23.  Current members of Southern Indiana
       Power are no longer required to complete a capital credit notice. 
       Checks will be issued in November.
   d. Seibert advised directors of a Federated Insurance capital credit distribution.

   e. ​​​​​​​Seibert reported on the My Solar program and provided a distributed
      generation report.

   f. ​​​​​​​Seibert informed the board the NRECA regional meeting will be held
     virtually in October.

10. A safety meeting is scheduled for July 25.  Seibert advised there were no
      lost time accidents and no public liability claims to report.

11. The board adopted a resolution to approve the 2020 power requirements study.

12. A marketing committee meeting has been scheduled for July 17 at 8:00 a.m.

13. Director Gary Waninger reported on a Hoosier Energy board meeting held
      telephonically on June 9.

14. Director Randy Kleaving reported on an IEC board meeting held telephonically
      on June 10.

15. Chairman Jeff Vogel shared thank you notes received from Tell City After
      Prom, Perry Central athletics, Heritage Hills High School Parent and
      Teachers Support and Perry Central School Corp.

16. The next regularly scheduled Board of Directors meeting will be Wednesday,
​​​​​​​      July 29.