Minutes

UMATILLA ELECTRIC COOPERATIVE
ANNUAL MEETING MINUTES
April 25, 2009

    The 72nd Annual Meeting of the members of the Umatilla Electric Cooperative was held at the headquarters' building at 750 W. Elm Avenue, Hermiston, Oregon, on April 25, 2009. President Glenn Rohde presided, and UEC attorney Henry Lorenzen confirmed that a quorum was present as required by the UEC Bylaws. Directors present were: Glenn Rohde, Lee Docken, Bryan Wolfe, Bob MacPherson, Jeff Wenholz, RoseEtta Ansotegui, and John Otis. General Manager and CEO, Steve Eldrige; UEC attorney Henry Lorenzen, and UEC Auditor Brent Mickelson were also in attendance.

Minutes
    A motion was made, seconded and carried to dispense with the reading of the Minutes of the Annual meeting held April 26, 2008, and approving the same as written.

Nominations
    Board of Director Candidates from Districts 3 and 4 were introduced. A call for casting of ballots from Districts 3 and 4 was made, after which casting of the ballots was closed.

President's Report
    President Rohde discussed UEC's 2008 refund of excess revenue and the retirement of capital credits. A brief update was provided regarding the downturn in our economy related to electricity prices. A brief report was provided regarding UEC's joining of Touchstone Energy Cooperative and the benefits this will have for UEC and its members. President Rohde discussed UEC's recent participation in the American Customer Satisfaction Index (ACSI) survey which our member's helped UEC score an 87, putting UEC in the top 10 of Cooperatives nationally. He emphasized how UEC strives to serve the best interests of its members.

Audit Report
    Auditor Brent Mickelsen of Blodgett, Mickelsen, and Naef, presented UEC's 2008 audit report. Brief financial highlights which included plant assets were provided. Auditor Mickelsen advised that he found UEC to be in compliance with applicable accounting standards and had resulted in a clean audit .

General Manager's Report
    General Manager and CEO, Steve Eldrige, was introduced. Mr. Eldrige addressed the members and discussed UEC's successful year. The General Manager discussed the current energy supply situation, as well as the Global Warming presence in our local community and around the world. A brief update was provided regarding the wholesale electric prices increasing and how this will affect UEC and its members. The members were advised of a possible rate increase in late 2009 and almost certainly a rate increase in early 2010.
A brief report was provided regarding UEC offering more extensive options on conserving energy and being more energy efficient. The General Manager also discussed the installation of a solar energy system on the UEC Headquarters building.
He answered member questions submitted via question/comment cards.

Election Results
Henry Lorenzen, UEC Attorney, announced the election results: Bryan Wolfe was re-elected as Director for District No. 3; and Bob MacPherson was re-elected as Director for District No. 4.

New or Old Business
President Rohde announced the floor was open to discuss any new or old business. There was no old or new business.

Adjournment
There being no further business before the membership, the meeting was adjourned at 12:05 p.m.

2008 Umatilla Electric Cooperative Annual Report

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