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April board meeting highlights

Apr 19, 2017

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Time-of-use rates, candidate announcements and more.

Though clouds gathered over PEC’s Johnson City headquarters on the morning of April 17, inside, the discussion was bright, touching on solar, cooperative achievements, our annual election, financial audit and more.

Cooperative update

PEC CEO John Hewa congratulated the cooperative on its continued growth and high member satisfaction through the month of March. He also offered a very special congratulations to the four journeyman teams and nine apprentices who qualified for our 2017 PEC Lineman Rodeo team and will represent the cooperative in the Texas Lineman’s Rodeo July 13-16 in Seguin.

Hewa also celebrated an exceptional year-to-date of safety, including public recognition by TEC for achieving the RESAP credential. He also remarked on the cooperative’s successful power purchase agreement for eight additional megawatts in our ongoing solar generation project.

Finally, he extended a welcome to the six candidates who qualified to run in our annual election: District 2 director candidates Emily Pataki and William D. (Bill) Boggs and District 3 director candidates Eric Stratton, Randy R. Klaus, Matthew S. Weldon and Judy Lawler Pokorny.

“I want to thank our legal, governance and communications teams for their hard work on the election campaign,” Hewa said.

Candidates will have the opportunity to make five-minute comments and respond to moderated member questions at the candidate forum in our Johnson City headquarters at 5:30 p.m. on Thursday, April 20.

Power supply

In line with the cooperative’s commitment to providing our members the best rates for their energy needs, PEC Director of Power Supply and Energy Services Ingmar Sterzing presented updates on two exciting rate options: time of use and cooperative solar.

Our time-of-use rate option went live for members April 1. “Everything went really well through the pilot program,” Sterzing said, noting that the team has worked to make the website more powerful and accessible.

The cooperative’s solar rate option, still in development, will allow members to subscribe to a share of solar output from area solar facilities and offset a yet-to-be-determined percentage of their use. More information will be available later in the year.

Sterzing also touched on PEC’s forthcoming Bring Your Own Thermostat (BYOT) program, which should go into a limited-scope pilot this summer. The program, which rewards members for installing smart thermostats, “allows the member to benefit directly from something they’ve already invested in,” Sterzing said.

Financial audit

CPA Robert Cobb with the independent firm Bolinger, Segars, Gilbert & Moss, LLP, reported on the financial audit of PEC it completed earlier this year. Cobb was positive in his report, noting that PEC has experienced 4.5 percent customer growth and 9.5 asset growth.

“I think, up until this point, your staff has done a good job managing the growth the cooperative has experienced,” Cobb said, adding, “Not many cooperatives have that kind of growth.”

“The strength of the Bolinger management letter was very impressive,” PEC District 1 Director Cristi Clement said. “Many of the financial decisions that have been made have made us nothing but stronger.”

The complete March regular board meeting agenda and video can be viewed in our new Granicus system here. Click on the video below to watch the CEO report.

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