Board of Directors PO Box 1 Johnson City, TX Special Meeting

Transcription

1 Board of Directors PO Box 1 Johnson City, TX Special Meeting ~ Final Agenda ~ Call Toll Free Wednesday, September 28, :00 AM Training Center 1. Call to Order 9:00 AM Meeting called to order on September 28, 2011 at Training Center, 1506 US Hwy 281, Johnson City, TX. Due to technical constraints, this meeting will not be live streamed; Open Session will be video recorded in accordance with Open Meetings Policy. 2. Open Session 3. Items from Members 4. Informational Topics A Budget B. Frontier Update C. Association of Large Distribution Cooperatives and Key Ratio Trend Analysis D. Customer Satisfaction Research E. Economic Development 5. Strategic Issues 6. Executive Session A. Legal Matters 1. Legal Analysis on Strategic Issues B. Personnel Matters 1. Strategic Issues on Personnel and Structure of Organization 2. CEO Assessment 3. Board Assessment C. Real Estate Matters Board of Directors Page 1 Revised 9/27/2011

2 Special Meeting Agenda September 28, Strategic Issues Regarding Facilities and Real Estate D. Competitive Matters 1. Strategic Issues Regarding Power Supply Agreement E. Security Matters 1. Strategic Issues for Electric System and Its Security and Reliability 7. Reconvene to Open Session 8. Items from Executive Session 9. Adjourn Board of Directors Page 2 Revised 9/27/2011

3 2012 BUDGET UPDATE Packet Pg. 3 Board Retreat September 28, 2011 Attachment: 2012 Budget Update - Board Retreat (1765 : 2012 Budget) 4.A.a

4 2012 Budget Update September SAP budget training for all departments September 26 - Budget uploads into SAP complete September 28 - Deadline for edits to be input into SAP September 30 - Budget group consolidates and reviews preliminary budget October 10 - Begin budget review with CFO October 26 - Budget to be distributed to the FS Committee November 9 - FS Committee meeting to review budget (an agenda item) November 21 - Budget presented to full BOD December Budget approved by the BOD Packet Pg. 4 2 Attachment: 2012 Budget Update - Board Retreat (1765 : 2012 Budget) 4.A.a

5 ASSOCIATION OF LARGE DISTRIBUTION COOPERATIVES (ALDC) Packet Pg. 5 Select KRTAs Board Retreat, September 28, 2011

6 ALDC Members Brunswick EMC Central Georgia EMC Cobb EMC Connexus Energy Dakota Electric Assn. Energy United Greystone Power Corporation Lee County EC New Hampshire EC Northern Virginia EC Pedernales EC Rappahannock EC Snapping Shoals EMC Walton EMC Packet Pg. 6 2

7 188, , , ,000 82,323 Brunswick COBBB ELECTRIC Northern Virginia Total Number of Active Meters 196, , , , , , , ,518 78,780 50,062 Dakota Electric Rappahannock LCEC Connexus Energy Walton EMC Central Georgia Greystone Pedernales NH Electric 121, ,000 EnergyUnited 3 50,000 - Packet Pg. 7

8 Total Miles of Line 25,000 20,834 20,834 20,000 15,000 10, ,047 6,831 5,000 3,722 0 Avera age Median Packet Pg. 8 4

9 Total Plant $1,400,000,000 $1,312,961,995 $1,312,961,995 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $525,218, $400,000,000 $387,249,095 $200,000,000 $184,607,850 $0 Packet Pg. 9 5 M IN Me edian Av verage MA AX PE EC

10 Annual MWH Sales Total - (excluding sales for resale) 6,000,000 5,000,000 4,865,722 4,865,722 4,000,000 3,000,000 2,598,523 2,670,488 2,000,000 1,000, ,249 0 Packet Pg M IN Me edian Av verage MA AX PE EC

11 Net Margins $60,000,000 $52,383,647 $52,383,647 $50,000,000 $40,000,000 $30,000,000 $21,486, $20,000,000 $16,587,244 $10,000,000 $3,106,314 $0 Packet Pg Median Av verage P EC

12 Equity to Assets Ratio % 90.00% 80.00% 77.00% 70.00% 60.00% 50.00% 40.00% 36.90% 40.51% 30.00% 28.00% 29.48% 20.00% 00% 10.00% 0.00% Packet Pg Average Median

13 Meters per Mile of Line Avera age Media an Packet Pg. 13 9

14 Annual Right of Way Cost $9,000,000 $8,000,000 $7,673,320 $7,000,000 $6,000,000 $5,691,976 $5,000,000 $4,000,000 $3,271,974 $3,000,000 $2,558,713 $2,000,000 $1,396,835 $1,000,000 $0 Packet Pg M IN Me edian Av verage MA AX PE EC

15 Number of New Services Connected 60,000 50, ,478 40,000 30,000 20,000 10,000 5,114 4, ,040 0 Avera age Media an Packet Pg

16 Write-Offs as a % of Operating Revenues 1.00% 0.80% 0.68% 0.60% 0.40% 0.35% 0.33% 0.39% 0.20% 0.17% 0.00% Packet Pg Average Median

17 Debt Service Coverage Ratio Packet Pg Average Median

18 Total Cost Purchased Power per MWh Sold $95.00 $90.00 $89.66 $85.00 $ $75.00 $73.24 $ $69.79 $65.00 $63.31 $64.18 $60.00 $55.00 $50.00 Packet Pg Median Average

19 Equity $ per Meter $4, $3, $3, $3, $2, $2, $1, $1, $1, $1, $1, $ $ $0.00 Avera age Media an Packet Pg

20 Debt $ per Meter $3, $3, $3, $3, $2, $2, $1, $1, $1, $1, $ $ $0.00 Avera age Media an Packet Pg

21 Plant $ per Meter $6,000 $5,547 $5,547 $5,000 $4,000 $3,895 $3,867 $3,000 $2,308 $2,000 $1,000 $0 Avera age Media an Packet Pg

22 Total Expenses Less COP $200,000,000 $189,347,442 $189,347,442 $180,000,000 $160,000,000 $140,000,000 $120,000, $100,000,000 $80,000,000 $60,000,000 $64,429,552 $77,861,112 $40,000,000 $24,044,184 $20,000,000 $0 Avera age Media an Packet Pg

23 Total Expenses Less COP per Mile of Line $14,000 $13,022 $12,000 $10,000 $9,088 $9,025 $9,088 $8,000 $6,000 $4,525 $4,000 $2,000 Avera age Media an Packet Pg

24 Total Expenses Less COP per Meter $ $ $ $ $ $ $ $ $ $ $ $ Packet Pg Me edian Av erage MA AX PE EC

25 Total Controllable Expenses $120,000,000 $100,000,000 $102,355,529 $102,355,529 $80,000,000 $60,000,000 $43,903,296 $40,000,000 $37,180,515 $20,000,000 $13,465,606 $0 Packet Pg M IN Me edian Av verage MA AX PE EC

26 Controllable Expenses per Meter $ $ $ $ $ $ $ $ $ $ $ $ $ $ $50.00 $0.00 Avera age Media an Packet Pg

27 Total Meters Per Number of Employees (Reg & Temp) Avera age Media an Packet Pg

28 Payroll per meter $ $ $ $ $ $ $ $ $92.15 $50.00 $0.00 Avera age Media an Packet Pg

29 Payroll Expensed per Total Number Meters $ $ $ $ $ $ $ $ $ $80.00 $60.00 $49.88 $40.00 $20.00 $0.00 Avera age Media an Packet Pg

30 Payroll Capitalized per Total Number Meters $80.00 $70.00 $71.42 $71.42 $60.00 $50.00 $40.00 $ $29.35 $33.46 $20.00 $17.39 $10.00 $0.00 Avera age Media an Packet Pg

31 Reliability: Avg. Minutes per Consumer 1, , , , , , Avera age Media an Packet Pg