Jeanette Hite

The board received training on acceptable use and incident response policies. Key items included the acceptance of the 2025 Annual Form 7 and a review of the CFC Officer's Certificate of Compliance. The board approved revisions to operating policies and discussed an update on the Energy Services Agreement with META. Additionally, a new time-of-use rate pilot program for members was approved. Reports were presented regarding recent board meetings for WVPA and IEC, alongside standard reviews of financial and safety reports.

The meeting featured a review of the annual financial report, which was formally accepted. A presentation was provided regarding director qualifications and the election process for three director districts. Following the committee report and verification of the election process, the results of the director elections were announced. Additionally, the meeting included a formal recognition of employees for their dedicated years of service and concluded with a scholarship drawing.

The meeting included a presentation on corporate facility expansion, including new storage and administration buildings. The leadership provided updates on new initiatives, including an optional time-of-use rate pilot program, a prepaid billing option for members, and improvements to outage information access. Additionally, the Board discussed ongoing enhancements to the electric distribution and transmission infrastructure. The meeting also featured the election of board directors, recognition of employee and director service anniversaries, and the drawing of scholarship winners for students pursuing higher education.

The board reviewed and accepted the 2024-2025 year-end audit for Boone Power and Subsidiary, which was reported as a clean audit. Discussions included an expense audit committee report, the fourth quarter 2025 financial report, and the authorization of a new bank signatory. Proposed policy and bylaw edits were accepted. The board approved out-of-state travel for directors to attend an upcoming legislative conference. Additionally, reports were received and accepted regarding annual safety, the 2026 safety improvement plan, regulatory compliance, vegetation management, insurance renewal, and legal updates. The board also heard summaries of other organizational board activities.

The regular board meeting included several key agenda items. Cybersecurity training for directors was delivered, focusing on leadership alignment, corporate policies, risk management, and Board responsibilities. A report was provided on the yearly review requirement for CEO Succession Management policy. Discussions covered anticipated communications for the Project Domino announcement. The Policy & Bylaws Committee addressed revised employee policies, which were accepted with minor edits. New business included a determination of eligibility for director election petition candidates, acceptance of the 2025 annual inventory report and adjustments, and the identification of representatives for the Wabash Valley Power Association (WVPA) Director, Voting Delegate, Alternate, Proxy, and MSR roles. A legal update was provided, and a report was given on a previous WVPA board meeting. The Board entered an executive session to discuss the 2026 CEO Performance Evaluation, authorizing the CEO to dispose of unneeded assets related to the headquarters building project and move upon reconvening. The meeting concluded with the acceptance of the financial reports for November and the safety report for January.