Board Summaries

The Board voted to forfeit unclaimed capital credits totaling $295,000 to the co-op. 

The Board approved the proposed 2022 budget as presented.

Staff presented the proposed 2022 budget which will be voted on by the Board in November. 

The Board of Directors approved a facilities plan to proceed with acquiring borrowing authority in the form of a project-financing loan for the renovation of the existing 40-year-old Salem Electric office and warehouse, and construction of additional warehouse space near our Alumina Substation. 

The Board of Directors approved a rate adjustment effective October 1, 2021.

The Board was presented with a facilites plan recommendation and has requested additional information before determining next steps.

General Manager Tony Schacher reported on the Bonneville Power Administration’s (BPA) Public Safety Power Shutoff (PSPS) plan. 
 

The 2020 audit report was accepted as presented. Salem Electric received a clean, unmodified opinion with no adjustments. 

The moratorium on disconnections for non-payment ends March 29, 2021.

The Board voted to adopt a resolution reaffirming Salem Electric’s support of the Lower Snake River Dams and the Federal Columbia River Power System. The resolution opposes the removal of any of the Lower Snake or Columbia River dams and supports clean, renewable hydropower.

Staff presented the 2020 year-end report.