GVEA Annual Members’ Meeting Held 5/6/16

Last night GVEA held its Annual Members’ Meeting, which marked the completion of its 70th year of serving the Interior of Alaska. The theme for the meeting was “MOVING FORWARD and LOOKING BACK.” It was a reminder to everyone that your member-owned cooperative is not only the energy provider for the Interior, enhancing the quality of life for its members, but it’s also an economic engine for the communities throughout the Interior.

At the meeting, GVEA’s President & CEO Cory Borgeson highlighted the following projects that many GVEA employees have been working on:

Healy Unit 2

  • The restart project is on time and on budget.
  • Repairs and enhancements tied to the March 3 event continue, and the target date to have the plant back online is early August.

General Rate Case

  • October is when the rate case, the first since 2009, will be filed with the Regulatory Commission of Alaska (RCA).

Technology Enhancements

  • New Energy Management System (EMS)
    • The computer system that controls the 35 substations, as well as our generating facilities and the power being purchased from utilities in South Central Alaska over the Intertie.
  • New Outage Management System (OMS)
    • The system associates a phone number with a service location.
    • Members should never hear a busy signal during a major outage again.
  • New Interactive Voice Response Phone System
    • Allows members access to their account 24 hours a day, 7 days a week:
      • Update member contact information
      • Check account balance and/or last payment made
      • Make a payment via credit or debit card

Upcoming Bylaw Revision Vote

  • Ballots will be mailed to all members on May 13
  • Deadline for members to cast their vote will be June 14 by 5pm

In addition to the above-listed projects, CEO Borgeson reported that members’ electric bills have continued to decline over the past couple of years. Since January 2015, an average residential bill of 600 kilowatt hours has declined about $20. The quarterly Cost of Power Charge, effective March 1, 2016, went down 18.5 percent. There are a number of reasons behind this:  the lower cost of oil, the burning of more coal with Healy Unit 2 online, and the modified fuel contract with Petro Star Refinery. In fact, since 2012, GVEA’s fuel costs have declined 52 percent.

Here are the drawing winners for electricity credits from this year’s meeting:

  • $50 – Melody Springer
  • $250 – Randall & Deborah Bayer, Pete Eagan, Susan Iverson, Glenn Shaver
  • $500 – Elmer & Mara Degerlund, Terry Duszynski, Linda Lacey, David Rohwer

The meeting drew a crowd of 267 members, which did not meet the bylaw requirement of 650 for a quorum; the event continued as an informational meeting. Approval of the minutes from the 2013, 2014 and 2015 meetings remain in a pending status.

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