Regular Meeting of the Board of Directors
of
Vermont Electric Cooperative, Inc.
To be Held October 25, 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 September 27, 2011 Board Action Requested:  Approve Minutes (15 min.)                                                            
           12:00pm – 12:15pm                                      

           Board Discussion                                              

           Approve Minutes                                              
                                                                          

3.        Committee Reports (30 min) Board Action Requested:  Approval of Revised Board Policy B.11, and Appendix A: Policy B.11 Committee Functions

           12:15pm – 12:45pm         
           Governance Committee - Functions of Committees  
           Finance Committee                       
           Power Supply Committee                       
                                                                                     

4.        CEO (15 min) 
           Discussion Only

           12:45pm – 1:00pm     
                                                                                     

5.        Managers’ Updates (45 min)                          

           1:00pm – 1:45pm                                
           Financial Update – Resolution required on trustee change

           Operations Update – Discussion Only

           Corporate Services Update – Discussion Only
           Safety Update – Discussion Only

           Programs & Policy Update – Discussion Only

           General Counsel Update  – Discussion Only

           Break (15 min)                                                

           1:45pm – 2:00pm                                             
                                                                           

6.        2012 Operating Budget (30 min) Board Action Requested:  Approve Budget

           2:00pm – 2:30pm          
           Review operating budget                           
Approve operating budget                                
                                                                        

7.        Auditors Discussion on Checks &
Discussion Only

           Balances (30 min)      
           2:30pm – 3:00pm                                             
                                                                             

8.        Location & Time of 2012 Annual     
            Discussion Only

           Meeting (30 min)     
           3:00pm – 3:30pm                                             
                                                                             

9.        Boardroom Table (15 min)
Discussion Only
           3:30pm – 3:45pm       
                                                                                     

10.      Any Other Business (15 min)                      
           3:45pm – 4:00pm                                             
                                                                       

11.      Adjourn (or Recess)