Salmon River Electric Cooperative

The board conducted an executive session to appraise the General Manager, followed by its approval of the previous regular board meeting minutes. Key financial actions included approving the write-off of two decedent capital credit accounts totaling $3,448.82 and one additional write-off of $100. The board also approved the EICAP contract, the 2026 SREC Communication Plan, the 2026 SREC Retail Rates, the 2026 SREC Budget, the 2026 Avoided Cost Rate Schedule, and the 2026 Wheeling Fee Rate Schedule. The board received the November financial statements and approved the 2026 General Manager salary. Manager's reports covered CRSO Litigation, the SRP Report, BPA Residential Exchange Program, planned outages, consultant rates, GM recruitment, and a donation for the CHS weight room. The membership report indicated a decrease in membership count compared to the previous year.

The Board of Directors meeting included several actions: the election of Miller as Vice President by acclamation, approval of the Ruralite Magazine inserts for the 2025 SREC Annual Meeting, and approval of the 2025 SREC Annual Meeting Notice along with door gifts. Financially, the January financial statements were not yet completed due to the ongoing financial audit and the transition to new accounting software. Safety reported no incidents. Reports were given regarding ICUA business, including updates on renewable energy, legislative bills, and BPA matters. The Manager's Report covered BPA rate cases, staffing, contracts, substation ownership transfer, IDEA participation, and litigation updates. Membership review showed 10 new members and 11 departures between January 1 and February 15, 2025, resulting in a total membership of 2240. In new business, the board approved Wallis appointing Dennis Thomock to serve the remainder of the term vacated by Bitton's resignation and discussed the presentation strategy for proposed bylaw amendments at the upcoming Annual Meeting.

Key discussions and actions during the meeting included the amendment of the agenda to appoint the Challis District I Director, Thomock, who subsequently recited the Director Oath of Office. The board approved retiring one decedent capital credit account totaling $1,330.90. A significant motion approved General Manager Dizes signing the Bonneville Power Administration Provider of Choice Contract. Furthermore, the board approved contracting with Great CoOps to manage the recruitment process for the SREC General Manager position, following Dizes' announcement of his intention to retire in January 2027. The board received the September financial statements. Reports covered items from the ICUA Board Meeting, such as ED salary amendments and litigation updates, and items from the NRECA Region IX Meeting, including discussions on FEMA Reform and the Transmission Grid. Safety reporting indicated no reportable incidents. The Manager's Report covered litigation, the BPA Residential Exchange Program, and retail rates.

Key discussions during the meeting included the review of July financial statements, which were received by the board. The General Manager reported on SREC safety, noting no reportable incidents and a review of the August Safety Meeting Minutes. Updates were provided from the ICLA Board meeting, covering PAC donations, ICUA budget and member fees, the ICUA Annual Meeting, Wildfire Mitigation Plans, and various other transmission and planning items. Directors provided a report on the ICUA Annual Meeting, concluding it offered little new information, and the recommendation against filing a Wildfire Mitigation Plan with the PUC at this time was supported. The Manager's Report detailed BPA contracts, SREC operational challenges, the SREC Wildfire Mitigation Plan, and open director seats. The July 2025 Member Report indicated growth, with 15 new members joining and 13 leaving, resulting in a total membership of 2238 as of July 31, 2025.

The board meeting involved several key actions and reports. The board approved decedent capital credit accounts totaling $13,459.98 and a 2024 general capital credit retirement of $295,000. A resolution approving changes to the employee 401k plan was passed, which rescinded a previous resolution to ensure proper reference to the Safe Harbor Plan. Financial statements for September were received and reviewed. Reports were given regarding CUA board activities, including updates on PAC, wildfire legislation, and safety summits. The Manager's Report covered BPA transmission projects, bylaw committee work, radio repeater sites, logging project closeout, IBEW negotiations, and power outages. The final membership report showed an increase of 26 members compared to the previous year.