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

1.      Call to Order                                                          

         12:00 pm                                                                        
                                                                                               

2.      Introduction – New Director George Lague            

         (15 Minutes)                                                                  
         12:00pm – 12:15pm                                                      

3.      Regular Meeting November 29, 2011

         Board Action Requested:  Approve Minutes

         (15 Minutes)                                                                 

         12:15pm – 12:30pm                                        

• Board Discussion      
• Approve Minutes    
                                                                                                                                            

4.      CEO Summary

         Discussion Only

         (15 Minutes)                                                                 

         12:30pm – 12:45pm                                                      

5.      Managers’ Updates

         Discussion Only

         (45 Minutes)                                                                  
         12:45pm – 1:30pm        

•  Financial Update - Board Action Requested:  Approve Resolution related to $29M Bond
•  Operations Update    
•  Corporate Services Update       
•  Safety Update   
•  Programs & Policy Update
•  General Counsel Update   

                                           
    Break (15 Minutes)                                                     

         1:30pm – 1:45pm                                                          

6.      Presentation – Proposed GMP Acquisition

          Board Action Requested:  Approve Resolution supporting memorandum of understanding with Green Mountain Power on transmission line.

         (60 Minutes)                                                                  

         1:45pm – 2:45pm                                                          

•  Board Discussion
•  Approve Resolution
                                                                                       

7.      Presentation – Beat the Peak 

         Discussion Only

         (45 Minutes)                                                                  

         2:45pm – 3:30pm                                                          

8.      Any Other Business

         Discussion Only

         (15 Minutes)                                                                  

         3:30pm – 3:45pm                                                          

9.      Adjourn (or Recess)