Our Committees
Standing committees are established by the Board and, following the adoption of revised Board Committee Guidelines March 19, 2012, all Board members are members of each committee. Committees meet each month on the same day, with each committee chair presiding over the portion of the meeting devoted to that committee's business. No action of the full Board is intended to be taken at any Special Meeting of Board Committees.
Following are the Cooperative's standing committees.
Audit Committee
Download committee charter »
Chair: Kathryn Scanlon
Purpose: To provide independent review of the PEC accounting and financial reporting, oversee the annual financial audit and receive periodic reports from the Cooperative's internal auditor.
Duties and responsibilities:
- To determine whether the Cooperative is complying with specific directions and adopting best management practices to cover all regular and special audit requirements; and
- To periodically meet with the financial auditors to review the preparation of the annual financial audit and management letter, and to coordinate with the staff to discuss the management letter with the full Board and to review expense audit and internal audit issues; and
- To review the expenses of the Board, the financial compensation package of PEC executive level staff, and employee benefits; and
- To consider and make recommendations to the Board in all matters concerning the Board’s role as sponsor of the Cooperative's Employees Defined Benefit Retirement Plan and the Cooperative's Employees' 401(k) Savings Plan (collectively, the "Plans"); and
- To perform any and all such other duties as may be assigned to the committee by the Board from time-to-time.
Energy Committee
Download committee charter »
Chair: Dr. Patrick Cox
Purpose: To consider matters related to energy, including rates and power supply, conservation, distributed generation, and renewable energy.
Duties and responsibilities:
- To make recommendations to the board that address matters related to energy, including conservation, distributed generation, renewable energy, rates and power supply; and
- To perform any and all such other duties as may be assigned to the committee by the Board from time-to-time.
Financial Strategies, Contracts and Budget Committee
Download committee charter »
Chair: William D. Boggs
Purpose: To ensure all financial matters and strategies for contracts, budgets, capital credits, and capital and cash management strategies are in the best financial interests of the Cooperative’s members.
Duties and responsibilities: To recommend financial goals and objectives to achieve sound financial management, incorporating cost efficiency and management accountability in these areas:
- Formulation of an explicit strategy and policy for capital credits; and
- Working with Cooperative management to develop operating budgets and long-term capital improvement plans;
- All issues relating to real estate matters, and those contracts for products or services requiring board approval perform; and
- All financial matters considered and/or requiring full board approval; and
- Performance of any and all such other duties as may be assigned to the committee by the Board from time-to-time.
Governance, Bylaws and Legal Committee
Download committee charter »
Chair: Cristi Clement
Purpose: To help ensure that systems and processes are in place to ensure proper accountability and openness in the conduct of Cooperative business, and to consider legal issues affecting the Cooperative.
Duties and responsibilities:
- To serve as the mechanism through which all initiatives that need to be codified in the Bylaws flow; and
- To make recommendations to the Board on strategies that involve ethics, legal issues and matters pertaining to state and federal legislation and regulatory issues; and
- To provide recommendations to the Board regarding the election of directors and for election procedures; and
- To periodically review the Cooperative Code of Ethics for executives, employees and directors; and
- To perform any and all such other duties as may be assigned to the committee by the Board from time-to-time.