Board Meeting held on April 10, 2025
TARIFF REVISIONS
The Board approved revisions to tariffs 302, 350, and 351. Tariff 302 relates to required deposits for small and large power accounts, and the updates will mitigate risks associated with non-payment. Tariffs 350 and 351 cover discontinuance of service. Similar to the updates to Tariff 302, the changes to 350 and 351 help the co-op minimize liabilities associate with non-payment. Notice of discontinuance for nonpayment will be at least 10 days for residential
and small power members and 3 days for large power members. The revisions will become effective June 1, 2025. The proposed tariff changes are available for examination and explanation at the MPE business offices in Granby and Walden.
CLEAN AUDIT REPORT
The Board approved acceptance of the audit report for the years ending Dec. 31, 2024, that was conducted and presented by certified public accountants Bolinger, Segars, Gilbert & Moss, LLP. They found the financial statements present fairly the financial position of MPE and its subsidiary, and that the results of its consolidated operations and cash flows were in accordance with accounting principles. New MPE CFO Eric Jones, who was introduced to the board as this was his first meeting, said the clean audit report is a credit to the finance team, particularly due to the major initiatives in recent years with the power supply transition, all the grant work and reporting, and so on.
SCHOLARSHIP PROGRAM UPDATE
The volunteer Scholarship Committee – Susan Ritschard, Marcie Clendenen, and Terry Sidell – had the challenging task this year of reviewing more than 50 scholarship applications. The group was not able to complete their review before this Board Meeting, so the Board approved MPE staff to proceed with scholarship award recommendations provided by the committee. When the committee completed its review, it notified staff of the selected 28 scholarship
awardees. The scholarship recipients will be recognized at the Annual Meeting on April 26 at the Middle Park High School. The breakfast begins at 8 a.m., and the meeting starts at 9:15 a.m. Applications will continue to be accepted
for the Trade School and Energy Industry scholarship categories, while funds are available. See www.MPEI.com/Scholarships for more info.
MPE EARNS SAFETY ACCOLADES
In the Operations Board Report, Operations Manager Adam Paulson shared that recent safety reviews highlighted “the pride MPE employees have, especially with cleanliness and organization.” MPE participates in the Rural Electric Safety Achievement Program (RESAP), facilitated by the National Rural Electric Cooperative Association. RESAP reviewers recently did a thorough examination of MPE’s processes and facilities and provided positive feedback. “RESAP is a helpful tool for identifying gaps in our organizational safety,” said CEO Virginia Harman. “The results from this year’s RESAP are excellent and indicate that our team is well ahead of the curve with regards to organization, documentation, and safety best practices!” Paulson said that MPE was also recently named a “Top Performing Cooperative” by Federated Rural Electric Insurance Exchange in their auditing, which looks at safety protocols, record keeping, and other factors. MPE’s participation and performance in RESAP and Federated’s auditing helps keep the co-op’s insurance rates as low as possible.
View the April 2025 Board Meeting Bulletin PDF
Archive of Board Meeting Bulletins
April 10, 2025, Board Meeting Bulletin
March 13, 2025, Board Meeting Bulletin
February 13, 2025, Board Meeting Bulletin
January 9, 2025, Board Meeting Bulletin
December 12, 2024 Board Meeting Bulletin
November 14, 2024 Board Meeting Bulletin
October 10, 2024 Board Meeting Bulletin
September 12, 2024 Board Meeting Bulletin
August 8, 2024 Board Meeting Bulletin
July 11, 2024 Board Meeting Bulletin
June 13, 2024 Board Meeting Bulletin
May 9, 2024 Board Meeting Bulletin
April 11, 2024 Board Meeting Bulletin
March 14, 2024 Board Meeting Bulletin
Feb. 8, 2024 Board Meeting Bulletin
Jan. 11, 2024 Board Meeting Bulletin
Dec. 14, 2023 Board Meeting Bulletin
Nov. 9, 2023 Board Meeting Bulletin
Oct. 12, 2023 Board Meeting Bulletin