Pedernales Electric Cooperative

The Pedernales Electric Cooperative's four-year strategic plan, discussed within this 2016 annual report, aims to achieve industry leadership and high member satisfaction through world-class service and efficient management of growth. The plan is founded upon four major strategic themes: Optimized Operations and Grid Modernization, Member Engagement and Strategic Load Growth Planning, Service Innovation, and Corporate Citizenship. It is designed to deliver low-cost, reliable, and safe energy solutions and exceptional value to its members and communities.

The document outlines the framework and process for developing, adopting, comparing planned spend to actual spend, and amending the Pedernales Electric Cooperative, Inc. Budget. It details budget preparation and adoption, application of unused funds, budget amendments, and variance reporting. The policy also covers responsibilities of management and the finance department in maintaining budget compliance and reporting variances.

The document provides a financial overview, including statements of income and patronage capital, balance sheets, and cash flow statements. It covers key financial data such as operating revenues, cost of power, gross margin, operating and maintenance expenses, and net margins. The balance sheet details assets, liabilities, and equity, while the cash flow statement summarizes operating, investing, and financing activities. Additionally, it presents growth statistics, account statistics, purchased power statistics, and key financial indicators and ratios.

The strategic plan for Pedernales Electric Cooperative outlines its direction for 2026-2030, serving as a roadmap to balance current needs with future challenges. The plan is structured around five core goals: maximizing value to its membership, achieving operational excellence, protecting the cooperative's financial health, advancing workforce continuity, safety, and security, and pursuing enterprise optimization. It aims to guide the cooperative in fulfilling its mission, upholding its standards, and meeting member expectations, ensuring long-term durability and resilience amidst significant growth in its service territory.

The 2021-2026 Strategic Plan for Pedernales Electric Cooperative outlines the organization's direction to deliver low-cost, reliable, and safe energy while managing significant growth in its service territory. The plan focuses on five key goals: maximizing value to its membership, achieving operational excellence, protecting the cooperative's financial health, pursuing workforce optimization, and advancing tactical safety and security. The overarching vision is to be recognized as a high-performance organization that provides exceptional customer service and value to its members and communities.