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April 1999

News & Views from Your Elected Representatives

Minutes of the Meeting Held on:

January 26, 1999

The Salem Electric Board of Directors met on January 26 at 7:00 pm. Board members in attendance were Jim Dyer, Nancy Towslee, Bill Wolf, Jeff Anderson, Alicia Bonesteele, Curt Culver and Murray McCreary.

Manager's Report

Manager Bob Speckman updated the board on preparation for Y2K. Our attorney, Bill Sheridan, has advised that the board needs to set an agenda item to discuss the issues and that we prepare a resolution to direct staff to take steps to protect the organization from any foreseeable consequences relating to Y2K. Speckman indicated that this will be part of the February agenda.

Speckman indicated that staff is scheduled to come back with a report on the proposal by For the Sake of the Salmon (4SOS) at the February meeting. Dyer has written an article for "The Board Report," but it will not reach all members prior to this meeting. Motion was made by Anderson, seconded by Towslee, and carried unanimously to move the 4SOS report to the March board meeting to allow for all customer responses to be returned.

Member Services Report

Member Services Manager Terry Kelly reported that Helen Findley has been referring many of her Salem Electric Member Assistance Program (SEMAP) clients to the weatherization program this year. In December there were nearly 60 referrals and there were 24 low-income projects completed in 1998, compared to 11 in 1997.

Retirement Plan Trustee-Resolution

Administrative Services Manager Jack Belleque presented the board with a proposal to appoint a new trustee to provide employees a more sophisticated package. The new plan will allow employees to move their earnings among different investment accounts, provide information on a daily basis, and simplify administration. Salem Electric sent out requests for proposals to seven service providers. After evaluating their responses, staff recommended Merrill Lynch as best suited to be the service provider for Salem Electric's retirement plans. Towslee asked what the administration fee is. Belleque said it is about $3,000 per year compared to about $13,000 we pay now. Motion was made by Anderson, seconded by Culver and carried unanimously to approve Resolution No. 01-26-99 as presented.

Meeting adjourned at 8:13 p.m.

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Minutes of the Meeting Held on:

February 23, 1999


"SE made it through the month of January without a single outage. This followed a month where a new system peak of 91.07 Mw was set..."

The Salem Electric Board of Directors met on February 23 at 7:02 pm. Board members in attendance were: Jim Dyer, Nancy Towslee, Bill Wolf, Jeff Anderson, Curt Culver and Murray McCreary. Alicia Bonesteele was present via a conference call.

Member Services Report

Member Services Manager Terry Kelly reported that SE receives many calls from customers who want to go through the heat pump program, but they do not have an existing electric heating system. The intent of the program is to conserve electricity by upgrading existing electrical heating systems. By changing the program to include these customers, SE would be involved in promoting fuel switching. Kelly indicated that most of the conversions would be from oil heat. There was further discussion among board members, which Dyer brought to a close by asking if the board wanted to have a proposal brought back. Motion was made by Anderson and seconded by Culver to have staff prepare a proposed program design to be reviewed at a later board meeting. McCreary stressed that we need to be sure we are helping the customers make the best energy decisions they can. Motion carried unanimously.

President's Report

President Jim Dyer proposed that the board attend a retreat to review company goals and policies. The board has not recently engaged in a process of setting goals for the future and has handled day-to-day business as it is presented by staff. Motion was made by Culver, seconded by Bonesteele and carried unanimously that the Chair appoint a committee to coordinate a time, place and manner to hold this type of meeting/retreat. Dyer appointed Towslee, McCreary and himself to serve on the committee.

Manager's Report

Manager Bob Speckman announced that SE made it through the month of January without a single outage. This followed a month where a new system peak of 91.07 Mw was set on December 23, 1998. A pizza feed is planned for all employees and their families to congratulate them on a job well done.

Speckman informed the board that SE now owns the three BPA substations that we have been in negotiations over for several months. All the deeds have been recorded. He thanked attorney Bill Sheridan for his work on closing the deal.

Y2K Report

Kelly summarized the work of the Y2K committee and reviewed the report and attachments included with the board packets. Y2K compliance is targeted for July 1, 1999. Wolf said that the staff plan looks good and it appears that SE is on top of the problem. Wolf asked about Bonneville's Y2K compliance. Kelly responded that they plan to be compliant by March. A great amount of time was spent discussing the plan.

A resolution was prepared for the board on the advice of SE's attorney to mandate that staff continue to identify and solve Y2K problems and be compliant by the Year 2000. It further resolved that staff report on their progress to the board at regularly scheduled board meetings until further notice. A motion was made by Towslee and seconded by Culver to adopt the resolution. Motion carried unanimously.

Heat Pump Resolution

Kelly presented a staff recommendation for a program modification which would offer a rebate for heat pump installation as an option instead of the low-interest loan. The average low interest loan is $4,200 for 60 months, which costs SE an average of $594 per loan for the interest buy-down and loan fees. The rebate would be $500 for a minimum efficiency heat pump, and $750 for a heat pump with a HSPF rating of 8.0 or higher. Motion was made by Anderson, seconded by Towslee and carried unanimously to approve the staff recommendation.

New Business

I (Bill Wolf) announced that I have decided not to run for re-election to the board at the end of my term this year. I have experienced increasing demands on my time in my job as a computer programmer as the year 2000 approaches. I feel that I am not fully able to perform the duties of a director as a result. I struggled with this decision and did not make it lightly. I believe that a director must commit fully to this position, and this requires time during the regular day to attend functions. I will miss working with the board and the staff at SE. I will leave knowing that the co-op is in a very healthy condition and is one of the most dedicated and talented organizations that I have ever seen.

Meeting adjourned at 9:09 p.m.

Bill Wolf

Secretary/Treasurer

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