Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held November 30, 2010 at 12:00 Noon in the RPN Boardroom
at VEC offices in Johnson, Vermont 

1. Call to Order
12:00 p.m. 

2.  Regular 10-26-2010 BOD Minutes - Board Action Requested: Approve Minutes
12:00 p.m. – 12:15 p.m. 

3. CEO Summary – Discussion Only:
12:15 p.m. – 12:30 p.m.
1.  Highlights of the agenda – timing – importance
2.  Enter into Executive session to discuss personnel 

4. Managers’ Update – Discussion Only, unless otherwise noted below:
12:30 p.m. – 1:30 p.m.                                                               

1. Financial update 
   1. Summary of financials
   2. TRANSCO Stock– Board Action Requested: Approve purchase
2. Operation’s update 
   1. Operational overview
3. Corporate Services 
   1. Enter into Executive Session to discuss personnel
   2. Review rate case talking points
4. Government Relations and Smart Grid 
   1. Rate case update 

5.  2011 Capital Budget - Board Action Requested: Approve 2011 Capital Budget
1:30 p.m. – 2:30 p.m. 

1. Review proposed 2011 Capital Budget
2. Approve 2011 Capital Budget 

6.  Break -2:30 p.m. – 2:45 p.m. 

7.  Legal Review of Bylaw Change - Board Action Requested: Approve proposed bylaw change
2:45 p.m. – 3:45 p.m.                                       
1. Review proposed bylaw change
2. Legal review with Kerin Stackpole of Bergeron, Paradis & Fitzpatrick 

8. Committee Reports 3:45 p.m. – 4:00 p.m. 
1.  Finance Committee Report
2.  Communications Committee Report 

9.  Other business 

10. Parking lot issues 

11. Adjourn (or recess)