GVEA Annual Members’ Meeting
'Moving Forward, Looking Back'
Posted: 06 May 2016 11:07 AM PDT
Last night GVEA held its Annual Members’ Meeting, which marked the completion of its 70th year of serving the Interior of Alaska. The theme for the meeting was “MOVING FORWARD and LOOKING BACK.” It was a reminder to everyone that your member-owned cooperative is not only the energy provider for the Interior, enhancing the quality of life for its members, but it’s also an economic engine for the communities throughout the Interior.
At the meeting, GVEA’s President & CEO Cory Borgeson highlighted the following projects that many GVEA employees have been working on:
Healy Unit 2
General Rate Case
Upcoming Bylaw Revision Vote
In addition to the above-listed projects, CEO Borgeson reported that members’ electric bills have continued to decline over the past couple of years. Since January 2015, an average residential bill of 600 kilowatt hours has declined about $20. The quarterly Cost of Power Charge, effective March 1, 2016, went down 18.5 percent. There are a number of reasons behind this: the lower cost of oil, the burning of more coal with Healy Unit 2 online, and the modified fuel contract with Petro Star Refinery. In fact, since 2012, GVEA’s fuel costs have declined 52 percent.
Here are the drawing winners for electricity credits from this year’s meeting:
The meeting drew a crowd of 267 members, which did not meet the bylaw requirement of 650 for a quorum; the event continued as an informational meeting. Approval of the minutes from the 2013, 2014 and 2015 meetings remain in a pending status.