Regular Meeting of the Board of Directors

of
Vermont Electric Cooperative, Inc.
To be Held January 26, 2010 at 12:00 Noon in the RPN Boardroom at VEC Offices in Johnson, Vermont

1. Call to Order
12: 00 p.m.

2. 12/29/2009 BOD Minutes (15 min.) – Board Action Requested: Approve Minutes
12:00 p.m. – 12:15 p.m.
1. Board Discussion
2. Approve Minutes

3. Financial Update (15 min.) – Discussion Only: Review soft close of 2009 Financials
12:15 p.m. – 12:30 p.m.
1. Board Discussion

4. Appoint Assistant Secretary & Assistant Treasurer (15 min.) - Board Action Requested:
Appoint Asst. Secretary & Asst. Treasurer from Management
12:30 p.m. – 12:45 p.m.
1. Board Discussion
2. Board vote  

5. North Link – EDA (45 hr.) – Discussion Only:
12:45 p.m. – 1:30 p.m.
1. Board Discussion

6. Operation Performance (30 min.) – Discussion Only: SAIFI and CAIDI Improvements
1:30 p.m. – 2:00 p.m.
1. Board Update

Break (15 min.)
2:00 p.m. – 2:15 p.m.

7. Review 2009 CEO Goals (30 min.)- Discussion Only:
2:15 p.m. – 2:45 p.m.
1. Board Discussion

8. Executive Session (20 min.) - Discussion Only: Board discussion of CEO 2009 goals.
2:45 p.m. – 3:05 p.m.

9. Managers Reports (15 min.) - Discussion Only:
3:05 p.m. – 3:20 p.m.
1. Board Discussion

10. Board Annual Calendar (30 min.) - Discussion Only:
3:20 p.m. – 3:50 p.m.
1. Board discussion

11. Committee Reports (15 min.) - Board Action Requested: Approve BOD Policies
3:50 p.m. – 4:05 p.m.
1. Governance Committee (10 min.)
a) Approve BOD Policies reviewed and revised at 12.29.09 BOD meeting
2. Executive Committee (5 min.)
a) Report Only           

12. Any Other Business

13. Adjourn