Generation Next – CIPCO’s 69th Annual Meeting of the Members
Members of Central Iowa Power Cooperative (CIPCO) gathered at Prairie Meadows Racetrack and Casino Events Center, in Altoona on March 16, 2016, to recognize 69 years of service to our members. The theme for this year’s Annual Meeting was Generation Next.
The business meeting was called to order by CIPCO Board President Allan Duffe. Secretary-Treasurer Dan Westphal provided the membership with a financial update and report. President Allan Duffe reviewed CIPCO’s business for the 2015 year. Highlights including electric sales over 2.7 million MWhs; continued reliability of the system with a decrease in the average outage per customer; and continued upgrades to the CIPCO transmission systems. The cooperative continues its focus on safety with 1.4 million hours worked without a lost-time injury.
Chief Executive Officer Dennis Murdock, used his remarks to reflect on the business initiatives of the cooperative through CIPCO’s commitment to providing safe, reliable and affordable power to our members. CIPCO continues to invest in emissions-free resources positioning the cooperative to adapt to economic challenges and the highly regulated environment in which the cooperative operates. A strong operating revenue allowed CIPCO to establish a midyear wholesale rate reduction for members.
CEO Murdock indicated that an important part of CIPCO’s mission is increasing the value to our member-owners. Accomplishments this past year included additional services with phone, email and IT help desk services, specialized video production, photography services, member website enrichment, customized materials, a new energy efficiency plan aligning incentives with new technology and evolving standards and a redesigned advanced rebate portal was launched for members.
Retiring CIPCO director Sam Nichols was recognized for his years of service to the cooperative. Sam served on the Pella Cooperative Electric board for 24 years and represented the CIPCO organization for almost 11 years. He served in a number of capacities on the CIPCO board including each board committee and as secretary/treasurer. Sam represented CIPCO and the state of Iowa as a director on the National Rural Electric Cooperative Association’s board. Sam and his wife Cathy will be relocating to Florida to enjoy their retirement.
The final speaker was Andrew Busch. Mr. Busch is an author (World Event Trading), financial journalist (Stocks, Futures, and Options Magazine) and newspaper market analyst (Globe and Mail). He is also host of his radio show, “Engage with Andy Busch.” His energetic presentation to the CIPCO members analyzed the complex economic issues facing our country today with specific references to the impending political campaign.