Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held December 28, 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 11-30-2010 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 

4. Managers’ Update – Discussion Only, unless otherwise noted below:
12:30 p.m. – 2:00 p.m.                                                 

1. Financial Update
   1. Summary of financials
   2. Financial impact of December wind storm
   3. Northeast Kingdom Electrical Connector Grant Project (NEK) – Board Action Requested: Approve resolution in EDA’s required format
2. Corporate Services Update
   1. Member Feedback – December wind storm
   2. Union Negotiations Update
   3. Union Contract – Board Action Requested: Approve agreement
   4. Revised Pension Plan – Board Action Requested: Approve plan
3. Operational Update
   1. System Performance – December wind storm
4. Government Relations and Smart Grid 
   1. Roll call votes– Board Action Requested: Adopt Special rule for roll-call votes 

Break 2:00 p.m. – 2:15 p.m. 

5.  2011 Strategic Plan - Board Action Requested: Approve 2011 Strategic Plan
2:15 p.m. – 3:00 p.m. 

1. Review proposed 2011 Strategic Plan
2. Approve 2011 Strategic Plan 

6.  Tabled from 11-30-2010 Meeting Committee Reports  - Discussion Only
3:00 p.m. – 3:15 p.m.  

1.  Meeting Finance Committee Report

2.  Meeting Communications Committee Report 

7.  Government Regulation Lay of the Land - Discussion Only
3:15 p.m. – 3:45 p.m.

            1. Local & National 

8. Other business 

9. Parking lot issues 

10. Adjourn (or recess)