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Salem Electric is committed to supporting the community with programs and services to serve our members.
Read the most recent news articles and upcoming events.
Who we are, how we operate, and our commitment to cooperative principles.
The Board approved the proposed 2023 budget as presented.
Salem Electric expects to receive $2.5 million through a BPA Reserve Distribution Clause and the additional revenue has been included in the 2023 proposed budget.
The Board authorized the refund of 5% of all outstanding allocated margins, totaling $2,166,260 from 2007, to be returned to members as capital credits.
Guest speaker Isaac McDonald gave a presentation on his experience representing Salem Electric as our 2022 National Rural Electric Cooperative Youth Tour delegate.
Due to inflation and material cost escalations, Salem Electric will be recommending that facilities projects and updates be implemented in phases.
The Board approved Salem Electric's Wildfire Mitigation Plan and welcomed new board member Tim Klarr.
The auditor’s report showed that the Board could confidently rely on the financial statements as presented.
The National Rural Electric Cooperative Association set up a portal for electric cooperatives to track infrastructure projects that could potentially benefit cooperatives.
Adjustments to the 2022 budget were approved as presented.
Staff presented the 2021 year-end report.
The Board voted to forfeit unclaimed capital credits totaling $295,000 to the co-op.