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Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held February 22, 2011 at 12:00 Noon in the RPN Boardroom
At VEC offices in Johnson, Vermont
11:30 a.m.
1. Call to Order
12:00 p.m.
2. Regular 1-25-2011 BOD Minutes (15 min.) - Board Action Requested: Approve Minutes
12:00 p.m. – 12:15 p.m.
3. CEO Summary (30 min.)– Discussion Only:
12:15 p.m. – 12:45 p.m.
1. Highlights of the agenda – timing – importance
2. Entergy negotiations update
4. Managers’ Update (45 min.) – Discussion Only, unless otherwise noted below:
12:45 p.m. – 1:30 p.m.
- Financial Update (15 min.) Pages 24 - 59
a. Summary of financials
b. Complete IRS Form 990 questionnaire
c. Approve CFC’s short term credit facility - Board Action Requested: Approve Resolution
- Operational Update (15 min.) Pages 61 - 79
- Corporate Services Update (5 min.) Pages 81 - 86
- Programs and Policy Update (5 min.) Pages 88 - 89
- Safety Update (5 min.) Page 91
5. Annual Meeting (30 min.) - Board Action Requested:
1:30 p.m. – 2:00 p.m.
- Approve annual meeting guest speaker
- Approve members of petition review committee
Break (15 min.)
2:00 p.m. – 2:15 p.m.
6. Guest Speaker – Don Kreis (1 hr.) - Discussion Only:
2:15 p.m. – 3:15 p.m.
7. CEO Performance Evaluation (30 min.) – Board Action Requested:
3:15 p.m. – 3:45 p.m.
1. Enter into Executive Session
2. Approve CEO contract renewal
8. Committee Reports (15 min.) – Discussion Only:
3:45 p.m. – 4:00 p.m.
1. Communications Committee Report
2. Power Supply & Operations Report
9. Any Other Business
10. Parking Lot Review
11. Adjourn (or Recess)
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