Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held July 26, 2011 at 12:00 Noon in the RPN Boardroom
At VEC offices in Johnson, Vermont

1. Call to Order
12:00 p.m.      

2. Regular Meeting 5-31-2011, Organizational Meeting 5-21-2011, Special Meeting 6-10-2011 BOD, and

Regular Meeting 6-28-2011 Meeting Minutes (30 min.) – Board Action Requested:  Approve Minutes

12:00 p.m. – 12:30 p.m.  
                         1. Board Discussion
                         2. Approve Minutes

3. CEO Summary (15 min.) – Discussion Only:
12:30 p.m. – 12:45 p.m.  
                         1. Highlights of the agenda

4. Managers’ Updates (1 hr.) - Discussion Only:
12:45 p.m. – 1:45 p.m.  
            1. Financial Update  Pages 42 - 84

            2. Operational Update  Pages 85 - 100

            3. Corporate Services Update Pages 101 - 107        

            4. Safety Update  Pages 108 - 112

            5. Programs & Policy Update  Pages 113 - 114

            6. General Counsel Update  Pages 115 - 117

5.  NRECA Board of Directors Representation (15 min.) – Board Action Requested:  Elect & Approve
1:45 p.m. – 2:00 p.m.                                                            
            1. NRECA Report

            2. Elect and approve representation

Break (15 min.)
2:00 p.m. – 2:15 p.m.

6. Sales Tax Audit Results (1 hr.) - Board Action Requested:  Approve Resolution
2:15 p.m. – 3:15 p.m.  
            1. Enter into Executive Session

            2. Board discussion

            3. Approve resolution

7. NRECA Member Survey Results (45 min.) - Discussion Only:
3:15 p.m. – 4:00 p.m.  
            1. Results presentation

            2. Board discussion

8.  Special Meeting Overview (15 min.) - Discussion Only:
4:00 p.m. – 4:15 p.m.  
            1. Review order of business

            2. Board discussion

9.  Committee Reports - Discussion Only:
4:00 p.m. – 4:15 p.m.  
            1. Power Supply & Operations Committee

            2. Governance Committee

10. Any Other Business   

11. Adjourn (or Recess)