Annual members’ meeting focuses on current energy projects

The future of energy is changing in many ways and rest assured Golden Valley is in your corner – fighting to provide reliable power at a reasonable cost.

At the GVEA Annual Members’ Meeting on April 30, GVEA CEO Cory Borgeson provided an update on the following three big energy projects:

  •  Earlier in April, after 15 years of delay, crews entered the Healy Unit 2 power plant and began refitting and refurbishing the plant from stem to stern, with the goal of having it online this time next year.
  • GVEA is supporting a liquefied natural gas trucking operation from the North Slope.
  • GVEA is busy identifying alternative suppliers and working on fuel storage options due to Flint Hills Refinery ceasing to produce fuel for our power plants.

In addition to energy projects, CEO Borgeson reported on GVEA’s efforts to restore power after last November’s severe storm and applauded the members’ support of GVEA’s employees who worked around the clock. He also reported that GVEA’s cost of power went down 30 million dollars in 2013 which resulted in real savings on members’ electric bills – an average residential member is paying about $14 per month less for electricity today than at the end of 2011.

A total of 9 members participated in member comments.

The meeting drew a crowd of 398 members which did not meet the bylaw requirement of 650 for a quorum. The meeting continued as an informational meeting and the minutes from the 2013 meeting could not be approved.

Here are the prize drawing winners from this year’s meeting:

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Front row left to right: Eliza Winfrey ($250 GVEA electric gift certificate donated by IBEW Local 1547), Regine Pilot ($250).
Back row left to right: Palmer Peterson ($500), Myron Stokes ($250), Steve Kunz ($250 GVEA electric gift certificate donated by IBEW Local 1547), Karyn Janssen ($250), Corinne Bradish ($250), Gary Newman ($500) and Penelope Parker ($1000).

Golden Valley Electric Association is a member-owned cooperative owning and operating five power plants that provide power to nearly 100,000 Interior residents.