The Pedernales Electric Cooperative (PEC) Board of Directors voted at last week’s meeting to hire Houston-based accounting firm BKD to conduct an audit of its 2008 fiscal year.
BKD submitted the lowest bid, $78,500, out of ten competing firms. Upon the recommendation of PEC’s Audit Committee, the board agreed to a three-year contract. BKD estimates the cost of the audit would increase anywhere from three to five percent annually during the life of the agreement. PEC has the option to end the contract if it is not satisfied with BKD’s performance.
Also, during the meeting, the board referred several items to its bylaws committee regarding members’ rights on open meetings, records and elections. The committee will look into proposed amendments to PEC’s Open Meetings Policy and the nominations section of its bylaws.
If approved, the amendments would give the membership sole authority to amend these policies in the future. The committee will also begin establishing a formal process for selecting Advisory Directors-at-Large.
The board approved a one-year contract extension with AEP Energy Partners for a power supply agreement for the Freiss Ranch, Barksdale and Rocksprings delivery points, located in the Junction District. The contract establishes a fixed price energy charge. The deal will go into effect on May 1 and expire next April 30. The purchase represents less than one percent of PEC’s total energy purchases.
Eleven PEC members qualified to run in the upcoming board election were announced. The candidates can be found here, but the board approved a resolution that states, “Members may not engage in active electioneering within PEC facilities, and within the premises of a meeting of directors or members conducted under the bylaws.”
The resolution does not prevent candidates from speaking during the board’s public comment portion of meetings.
PEC Board Members also revised the bylaws to increase the number of members eligible for open seats in future elections. Previously, current and former PEC employees and directors of PEC power suppliers could not run in board elections. The restriction has been lifted as long as the candidate’s tenure with PEC or its power suppliers ended one year before the candidate would take office.
PEC’s board also approved revisions to PEC’s employee expense reimbursement and travel policy, voted to award a door prize at its June 20 meeting and established a new tuition reimbursement plan, which will enable employees to obtain job-related education and certification.
The board also voted to end a program that gives toys to members who pay their bills in person, and instead offer compact fluorescent light bulbs. In another vote, the board approved a policy to respect and protect its members privacy and confidentiality in regards to information. Finally, the board approved revision on how it will assess PEC’s employees’ job performance.Email | Print