September 2021 Special Board Meeting

SPECIAL BOARD MEETING

September 20, 2021

 

     A Special Meeting of the Board of Trustees of Newberry Electric Cooperative, Inc. was held at the Newberry Electric Cooperative, Inc. located in Newberry County, State of South Carolina on Monday, September 20, 2021, at 4:30 p.m.

     The meeting was called to order by Chairman Johnnie L. Dickert with the determination of a quorum present.  Chairman Dickert presided throughout the meeting.

     Debra Shaw, VP of Member, Public and Government Relations, gave an update of the final totals from the 9th Annual Operation Round Up Golf Tournament. 

            Leann Hutto, VP of Human Resources, reviewed employee insurance and retirement benefits.  She also gave the trustees the RESAP information to be reviewed at the next Board Meeting.

            Hampton Oxendine, Regional VP of CFC, reviewed the 2020 KRTA Analysis.  He stated that Newberry Electric had a good year with positive trends.

            Arthur Guy, CFO, reviewed the financial projections, CFC information, and various spreadsheets on revenue projections.

            Stephanie Sullivan, VP of Operational Support, presented information on the fiber project.

            Nick Shealy, VP of Engineering and Operations, reviewed information on the ECSC Emergency Outage Plan to restoring power during major outages.

            G. Keith Avery, President and CEO, requested an Executive Session. After the Executive Session, he stated that the Trustees approved tuition assistance for a staff member to complete a Master’s Degree.

There being no further business and without objections, Chairman Johnnie L. Dickert adjourned the September 2021 Special Board Meeting at 7:30 p.m.

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SECRETARY                                                                                    APPROVED

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CHAIRMAN