77th Annual Meeting Minutes

Part of The 2017 Sangre de Cristo Electric Association Annual Report

June 8, 2017 | Buena Vista, Colorado

The 77th Annual Meeting of the members of Sangre de Cristo Electric Association, Inc. was called to order by President Donald L. Kaufman at 9:59 a.m. on Thursday, June 8, 2017, at Darren Patterson Christian Academy, Buena Vista Colorado. Pastor Tom Dages gave the invocation. President Kaufman led the Pledge of Allegiance. Kathryn Jordan sang the National Anthem.

Annual meeting notice, certificate of mailing

– Attorney Jack Wolfe presented the annual meeting notice and certificate of mailing. Wolfe reported the meeting notice was mailed to all consumers of record addressed according to information on file, as of the date of record of April 10, 2017. He presented the 2016 annual report and noted it was distributed in the June issue of the Colorado Country Life magazine.

Quorum requirements – Quorum requirements are 50 members registered in person; 74 members registered. Wolfe declared a quorum present. A list of members in attendance and an Affidavit of Secretary are attached to the permanent record.

Close registration – Wolfe closed registration at 10:05 a.m.

Election of directors – Wolfe reported that Rural Chaffee/Lake Counties director Suzanne Kelly, Town of Buena Vista director Dennis Dlugokinski, and At-Large director Joseph Redetzke are running unopposed, and all directors could be elected by voice vote. Motion carried to elect Kelly, Dlugokinski, and Redetzke to three-year terms by voice vote.

Minutes of the 76th annual meeting – Motion carried to dispense with the reading of the minutes of the 76th annual meeting held June 10, 2016 and approve them as written.

CEO’s report – Erickson talked about the increase in services to SDCEA territory, most of which are second homes, increasing our seasonal consumers to almost 50 percent of all consumers. He reported on the completion of the AMI installation and the benefits of the new system, and upcoming implementation of a pre-pay system for those consumers not able to afford to pay a deposit. He also reported that 90% of our outages have been caused by Xcel or Black Hills, and discussed personnel turnover due to long-term employee retirement.

Treasurer’s report – Erickson presented the Treasurer’s report on behalf of Charles Abel II and addressed the 2016 financial data as shown in the annual report.

Erickson presented a video about renewable energy participation by our power provider Tri-State Generation and Transmission.

Introduce guests – Erickson introduced guests Pat Bridges, Tri-State Generation and Transmission Senior Vice President/CFO; Kent Singer, Executive Director of Colorado Rural Electric Association; Matt Fitzgibbon, Relationship Manager of Tri-State Generation and Transmission.

Power supply report – Bridges discussed Tri-State efforts to close two coal plants earlier than planned over the next several years and their effort to build more renewable producing power sources.

Colorado Rural Electric Association report – Singer explained what CREA is and what it does for its members including lobbying at the state level. He discussed current legislative issues.

Old, unfinished or new business – There was no old, unfinished, or new business.

Questions – Erickson, Singer, Bridges and Fitzgibbons addressed questions from consumers about net metering, the service availability charge, renewable energy and issues of reliability stemming from power delivery over lines owned by Black Hills Energy or Xcel Energy.

Meeting adjourned at 11:48 a.m.

Respectfully submitted:

Suzanne Kelly, Secretary, Donald L. Kaufman, President