Board Summaries

The auditor’s report showed that the Board could confidently rely on the financial statements as presented.

The National Rural Electric Cooperative Association set up a portal for electric cooperatives to track infrastructure projects that could potentially benefit cooperatives.

Adjustments to the 2022 budget were approved as presented.

Staff presented the 2021 year-end report.

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.