Amy Carlson

The meeting covered reports from executive officers and staff regarding the association's operations. Key discussion points included the CEO's background, safety reports, and the current negative status of the Power Cost Adjuster (PCA), noting potential future rate increases such as a $5 increase to the residential base service charge effective July 1, 2025. The CFO provided 2024 financials, noting downward trends in power supply expenses and aiming for a 30% equity percentage. The Engineering and Operations report detailed VEA's role in generation, transmission, and distribution, and announced plans to update the meter system for better data. The Member and Managed Services report updated lobby hours, highlighted budget billing availability, and confirmed that 1,337 members in Pahrump have received fiber-to-the-home service, with the project goal set for the end of 2026. The Member Engagement report reviewed charitable initiatives like Operation Round-Up and scholarship programs. A vote confirmed Director Keyes remained as the Director for District 4. Member comments addressed extending late notice periods, the fiber completion timeline, voltage fluctuation management due to irrigation pumps, and necessary line upgrades for growth, which include reconductoring circuit 4.

The discussion provided updates on Valley Electric operations, including the company's growth, financial management, and culture. A major topic was the status of the fiber project, which is nearing completion, and details regarding service capacities, pricing, and activation timelines. Additionally, the conversation covered the USDA Pace grant for storage projects in Pahrump and Fish Lake Valley to manage energy supply costs. The session also introduced the new CEO and highlighted the Cooperative's member ambassador program.

The meeting, designated as the Annual Meeting of the Members of District 2, established a quorum and proceeded with several key discussions. The Director reported that the Nye County Sheriff Captain pleaded guilty regarding the VEA office warrant search, demonstrating VEA was not at fault, and noted construction has started on the Greenlink transmission line. The CEO presented the 2024 safety report, discussed the negative Power Cost Adjuster (PCA), and indicated likely residential base service charge rate increases of $5 starting around July 1, 2025. The CFO provided 2024 financials, noting a downward trend in power supply expenses since 2022, and stated VEA will continue aiming for a 30% equity percentage. Engineering and Operations reviewed VEA's utility roles and announced plans to update the meter system for more detailed energy usage data. Member Services detailed updates to lobby hours, budget billing availability, and noted that 1,337 Pahrump members have received fiber to the home service. Member Engagement discussed charitable initiatives including Operation Round-Up, the scholarship program, and the Michael F. Peterson Youth Leadership Program. Finally, Director Cottingim ran unopposed and was confirmed as the Director of District 2 with 41 votes cast.

The document contains minutes from two distinct meetings for District 6, one held on March 29, 2023, and another on March 21, 2024, as well as a memo regarding 2025. Key discussions for the 2023 meeting included establishing a quorum, presentation of staff reports covering customer service goals, safety records which were cited as "Best in Class," power supply metrics, power mix, and energy costs. Extensive discussion ensued regarding rate parity and the power cost adjuster. The meeting concluded with the election of Michael (Brent) Kaucky as Director of District 6. The 2024 meeting noted a lack of quorum. Discussions included broadband updates, the status of the affordable connectivity program, strong 2023 financials (with operating revenues over budget and power supply expenses under budget due to successful negotiations), and power supply composition (LTPPAs, market purchases, solar, and hydroelectric resources). Time-of-Use rates and federal grant programs for battery storage were also discussed. Members raised questions regarding the facilities charge and its relationship to the overall electric rate.

The document contains minutes for two separate Annual Meetings of District 5 members (2023 and 2024), as well as a memo regarding 2025. Key discussions from the 2023 meeting included rising costs, reports from the CEO and VP of Engineering, Operations and Power Supply, and the election results where Kevin McMahan was declared Director. The 2024 meeting noted no quorum was established. Discussions in 2024 included Director McMahan addressing power bill costs via weatherization and energy efficiency, the CEO's report on broadband updates (a $40 million, 2-year project), the status of the Affordable Connectivity Program, strong 2023 financials (revenues over budget, power supply expense under budget), details on current power supply sources, and planned Time-of-Use rate implementation. Member comments covered third-party solar panel liability, facility service charges, and scholarship programs.