The meeting was opened with the playing of the National Anthem and a slide show by Touchstone Energy.
President Thielen, having confirmed a quorum was present, called the meeting to order and offered welcoming remarks. He introduced the current members of the Board of Directors, the CEO, employees, and special guests in attendance.
President Thielen then appointed attorney Phil Brooks as Parliamentarian for the meeting. Secretary Gene Manternach took the official minutes.
President Thielen indicated a roll call of the members was in order unless waived. A motion was duly made, seconded and carried, to waive the reading of the roll of the membership. The members present were checked against the records of the Cooperative.
The official notice of the meeting was mailed to all members of record on August 2, 2019. A motion was duly made, seconded and carried, to waive the reading of the notice of the meeting.
The minutes of the 2018 Annual Meeting were published in the Annual Report given to each attending member as they registered. A motion was duly made, seconded and carried, to waive the reading of the minutes of the Annual Meeting of the Members held August 23, 2018.
President Thielen then asked if there were any corrections or additions to the minutes. Seeing none, a motion was duly made, seconded and carried, to approve the minutes as written. The President then ordered the minutes to be filed in the records of the Cooperative.
President Thielen turned the meeting over to Treasurer Judy Gotto for the Treasurer’s report. She reviewed the financial information that was provided to the members in the Annual Report. Treasurer Gotto then offered to meet with anyone having questions regarding the financial affairs of the Cooperative.
President Thielen then asked for approval of the Treasurer’s report. A motion was duly made, seconded and carried to approve the Treasurer’s report and the President then ordered the report to be filed in the records of the Cooperative.
President Thielen stated that the next order of business was the election of three (3) directors for a term of three (3) years each.
President Thielen reviewed the responsibilities of the Board and the nominating process that was followed. All members were notified through the Watts Current newsletter of the upcoming election and the process for seeking a position on the Board.
President Thielen stated that in accordance with the Cooperative's Articles of Incorporation and Bylaws, the Board of Directors had appointed an independent Nominating Committee consisting of the following three members of the Cooperative:
Mr. Allen Monaghan from Delaware County, chairman
Mr. Harry Althaus from Dubuque County, and
Mr. John Stender from Jackson County
The Report of the Nominating Committee was presented, nominating the following members for Directors.
Tom Stewart for Region 2, including Jackson and Clinton Counties,
Ron Thielen for Region 3, Dubuque County
Billie Zumbach for Region 4 including Delaware, Buchanan and Clayton Counties
No petitions were received from members asking to be included on the ballot.
President Thielen indicated that a motion for the election of all three nominees would be in order since the election was uncontested. A motion was made, seconded and approved to elect all three nominees and to have the Secretary record a unanimous ballot in favor of each candidate.
President Thielen then asked CEO Jeremy Richert to give the CEO’s report. Richert introduced himself to the membership and gave an overview of the positions he had held at the Cooperative prior to assuming the CEO role on January 2, 2019. He reported on the 2.0% rate increase that was implemented in April of 2019 and provided a rate comparison to other neighboring utilities. He discussed steps CIPCO had taken in anticipation of the closing of Duane Arnold Nuclear Plant in 2020. He provided an overview of the June 2019 storm which was the largest outage event experienced by the Cooperative since at least 1993 and impacted just under 7,800 meters.
CEO Richert then updated the membership on the Smart Grid Project and MVlink. Richert reported the past year had seen the construction of 674 miles of fiber line, 1,385 members signing up for service and the connection of 1,146 members taking internet and phone services. Richert also reported that data was being collected from substations, meters, and downline equipment across 72% of the Cooperative’s distribution system. He updated the membership on the status of the Smart Grid project construction, showing a map of areas completed, and the construction status in the rest of the service area. Richert then reviewed the benefits MVlink is providing to members and presented two videos of members detailing how MVlink had impacted them.
Following his presentation CEO Richert opened the floor for questions and there were no questions asked from the members in attendance.
President Thielen called for any unfinished business to be brought before the meeting at this time. No unfinished business was raised.
President Thielen asked if there was any new business the members wanted to address. No new business was presented.
Having concluded all the necessary business to come before the membership, a motion was duly made, seconded and approved to adjourn the meeting.