Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held September 27, 2011 at 12:00 Noon in the RPN Boardroom
At VEC offices in Johnson, Vermont 

1.        Call to Order                                       
12:00 pm                                                           
                                                                              

2.        Regular Meeting July 26, 2011                      
Board Action Requested:  Approve Minutes

           Regular Meeting August 30, 2011                 
Board Action Requested:  Approve Minutes
12:00pm – 12:15pm                                                  
                                                                               

3.         Duties and Responsibilities of Directors (Training) (60 min)           
Discussion Only
12:15pm – 1:15pm                                           
                                                                      

4.         Process of Appointing New Director (30 min)         
Discussion Only
1:15pm – 1:45                                                   

Break (15 min)                                                
1:45pm – 2:00pm                                             
                                                                                   

5.        CEO Summary (15 min)                                 
Discussion Only
2:00pm – 2:15pm                                                                        
                                                                 

6.        Managers’ Updates (15 min)  
Discussion Only
2:15pm – 2:30pm                                              
           Financial Update                                      
           Operations Update                                  
           Corporate Services Update                              
           Safety Update                                              
           Programs & Policy Update                                
           General Counsel Update                                 
                                                                                 

7.         Lessons Learned from Special Election (30 min)   Discussion Only
2:30pm – 3:00pm                                             
                                                                                     

8.        Resolutions (30 min)                                       
Board Action Requested:  Approve Banking resolutions for People’s and CoBank to update VEC authorized signers, approval of four-year bond, approval of Board of Director budget.   
3:00pm – 3:30pm       
                                                                               

9.        Review of Dave’s 2011 Goals (30 min)    
Discussion Only
3:30pm – 4:00pm                                              
           Mid-year reports                                               
                                                                                 

10.      Committee Reports (30 min)                          
Board Action Requested:  Approval of function policy and committee process
4:00pm – 4:30pm
           Governance Committee -Functions of Committees  
           Finance Committee                                           
           Power Supply Committee                           
                                                                                     

11.       Boardroom Conference Room Table (30 min)          Board Action Requested: Decision on conference room table for boardroom.  
4:30pm – 5:00pm
                                                                                     

12.      Any Other Business (15 min) 
5:00pm – 5:15pm                                             
                                                                                 

13.      Adjourn (or Recess)