Dan Marcure

The board discussed a variety of topics, including safety training updates, governance policies, and the Dairyland wholesale power contract. The CEO provided reports on new metering infrastructure and software implementation, while the CFO presented the financial operating report. Operational updates focused on the expansion of the fiber network, administrative billing policies, subscriber growth, and the installation of a redundant fiber ring. Additionally, the board selected delegates and attendees for upcoming industry meetings and training courses, affirmed existing billing policies following an executive session, and reviewed reports from various industry associations.

The board discussed safety protocols, reviewed the President and CEO's messaging on rates, and examined the financial operating report. Updates were provided on the transmission pole replacement project, load growth, broadband initiatives, and legislative developments regarding electric cooperatives. The board finalized the date for the upcoming annual meeting, approved the 2026 proposed bylaws, and acted on several rate schedules for electric and lighting services. Additionally, the board decided against renewing the membership with the Mid America Cooperative Council and received reports from various industry associations, including AIEC, APGA, and Dairyland Power Cooperative.

The board meeting covered several organizational updates, including a presentation on the 2025 Independent Auditor's and Consolidated Report. Strategic priorities were reviewed, specifically regarding growth, reliability, expanded fiber connectivity, and the transition to new technology platforms such as AMI and NISC. Operational reports provided updates on metering infrastructure, cooperative services, and IT network communications. The board approved the 2025 audit report, the Broadband Competitive Business Policy, and 2025 margin allocations. Additionally, the board selected delegates and directors for Dairyland Power Cooperative and Prairie Power Inc., and conducted an executive session to discuss the employment contract of the CEO.

The meeting agenda includes governance topics and board policy reviews, such as a video presentation on the roles of the Board Secretary and Treasurer. The CEO and CFO will provide financial and operating reports. Key action items include a discussion on board redistricting options, the selection of voting delegates for the NRECA and NRTC business meetings, and the appointment of attendees for various upcoming annual meetings, lobby days, and legislative events. Additionally, an executive session is scheduled to address legal and employment matters.

The board meeting agenda includes reviews of the governance committee meeting, CEO and CFO reports, and a presentation of the financial operating report. Significant action items include a resolution to defer revenue from 2025 to 2026, the establishment of a corporate line of credit with UMB Bank, and the authorization of a designated officer for borrowing activities. Additional topics involve reports from various regional and national associations, including AIEC, APGA, and NRECA, as well as an executive session to address legal and employment matters.