Board Meeting Summary September 22, 2020

September 22, 2020
Board Meeting Summary

Board Action:

2021 Member Assistance

The board approved an update to the 2021 Salem Electric Member Assistance Program.

  • The program end date will be extended from April 30 to November 30 or when funds are exhausted, whichever comes first.
  • A standard assistance credit of $175 per household will be implemented, which is the average assistance received since 2016.
  • Heating type will be eliminated as a qualification to receive assistance.

Revolvement of Capital Credits

The board authorized revolvement of capital credits totaling $2,112,653 representing approximately $602,081 from 2004, $488,953 from 2005, and $1,021,619 from 2006. Salem Electric’s capital credit refund policy is to revolve 5% of all outstanding allocated margins to be paid on a “first-year in, first-year out” basis.

Manger's Report:

General Manager Tony Schacher reported that Salem Electric is continuing to follow guidance from the Centers for Disease Control and the Governor’s office. Employees are required to maintain a six-foot distance and wear masks in hallways and common areas. 

In August, Salem Electric members received $52,716 of assistance to help pay their electric bills. Sources included Salem Electric’s COVID-19 Assistance Program, the Oregon Low-Income Home Energy Assistance Program, and other local agencies.