Homer Electric Association

The Board of Directors held an annual meeting to conduct official proceedings. Key agenda items included the administration of the Oath of Office to newly designated directors and the election of board officers, resulting in the appointment of a President, Vice President, Secretary/Treasurer, and Deputy Secretary.

The board president called to order the annual meeting, which featured a safety presentation, a report on member attendance and quorum, and introductions of current board directors and key staff members. The meeting included presentations from candidates running for the board of directors in Districts 1, 2, and 3, along with a final reminder for members to cast their votes in the election. Additionally, the public relations strategist presented awards and scholarships related to the safety poster contest.

The board meeting agenda included an annual property report and the official notice for the upcoming annual meeting of the member. Discussions were also planned for an executive session regarding cooperative finances, personnel, and legal matters.

The board reviewed the 2025 Financial Audit report, which included an executive session for detailed discussion. A member provided input regarding geothermal energy potential. The CEO and financial officers presented monthly reports. New business included the formal acceptance of the 2025 Audit Report, the approval of a capital credit payment to an estate, and the adoption of a new board policy concerning identity theft prevention. A second executive session was held to discuss legal matters.

The board meeting agenda included reports on annual meeting statistics, voting, and survey results, as well as an annual meeting feedback discussion. Policy 203 regarding the delegation of authority from the board to the chief executive officer was reviewed for housekeeping purposes. The board conducted an educational review of tariff section 3.1 regarding the retirement of inactive services. Additionally, miscellaneous reports were provided, including safety, reliability, quarterly expenses, new services, annual property, and key accounts reports. An executive session was scheduled to address specific cooperative matters.