December board meeting notes

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Posted on Feb 12 2025 in Southern Indiana Power

To keep you informed of your cooperative’s operations and activities, the following are highlights of the Dec. 18 board meeting: 

  1. All directors were present, along with President/CEO Steve Seibert. 
  2. The Nov. 20 board meeting minutes were reviewed and approved. 
  3. The membership certificates were reviewed. 
  4. The vouchers were reviewed and approved. 
  5. The November director’s report was reviewed and approved. 
  6. Seibert updated the board on the fiber project with PSC. 
  7. Seibert reviewed the Accord program. 
  8. The CEO report was the first item of new business, with Seibert reporting the following items:
    • a. Office remodel update 
    • b. GIS project update 
    • c. Office master plan 
    • d. 2025 standby schedule 
    • e. Tell City, Rockport, and Leopold Christmas parade participation 
    • f. 2024 NISC capital credit allocations 
    • g. 2025 Hoosier Energy LMR program 
    • h. Seibert reported the following dates: the NRECA CEO conference, Jan. 12-15; the NRECA Directors Conference, Jan. 26-28; and the NRECA PowerXchange, March 9-12. 
  9. The December safety meeting was scheduled for Dec. 19. Seibert advised that there were no lost-time accidents or public liability claims to report. 
  10. The board adopted a resolution to request a one-year extension of the advance period on RUS loan AG8. 
  11. The board reviewed and approved a listing of bad debt accounts to be written off. 
  12. Directors reviewed and approved the 2025 board meeting schedule. 
  13. Director Dirk Stein was elected voting delegate and Director Gary Waninger was the alternate for the NRECA 2025 PowerXchange Conference. 
  14. Director Randy Kleaving was elected voting delegate for the NRTC annual meeting. 
  15. Kleaving was elected voting delegate for the CRC annual meeting. 
  16. A strategic planning session is being scheduled for February. 
  17. A director system tour is planned for January. 
  18. Director David Lynch reported on the IEC Annual Meeting held Dec. 9–10. 
  19. Committee Chairman Waninger and Seibert reported on the budget committee meeting held on Dec. 16. Following discussion, the Board approved the 2025 budget as presented. 
  20. Stein was recognized for 10 years of service to the board of directors. 
  21. The next regularly scheduled board of directors meeting will be held Wednesday, Jan. 29.