HIGHLIGHTS OF THE MAY 26, 2026 BOARD MEETING

In an effort to keep you informed of your Cooperative’s operations and activities, the following are highlights of the May 26 board meeting. 

1.	All directors were present along with CEO Steve Seibert and Administrative Assistant Lisa Hinton.  
2.	The April 30 board meeting minutes were reviewed and approved.
3.	The membership certificates were reviewed. 
4.	The vouchers were reviewed and approved.
5.	The director’s report was reviewed and approved.
6.	Seibert reviewed the Hoosier Energy Wholesale Power Cost Tracker (WPCT).  The board approved a WPCT increase of $1.09/1000 kwh effective July 1.
7.	The CEO report was presented with Seibert reporting on the following items:
a.	Office construction project 
b.	Fiber project 
c.	Hoosier Energy planning meeting
d.	Perry County Chamber annual dinner report
e.	Property taxes
f.	IEC manager’s scholarships
g.	Camp Kilowatt participants
h.	ACLARA cloud migration
i.	NISC/Meridian merger
j.	Seibert reported the following meeting dates, ACES Member Conference May 28-29, CFC Forum June 14-17,  IEC Directors Retreat July 24 -25 NRECA Regional Meeting September 9-11.
8.	Robert White, safety and risk management instructor at IEC conducted URD safety and URD switching safety training on May 5.  A job site safety observation was performed by Manager of Operations, Steve Fortwendel on May 19.  Seibert advised there were no lost time accidents, and no public liability claims to report.
9.	An Annual Meeting Committee meeting has been scheduled for July 21. 
10.	Seibert reviewed the NRUCFC Cooperative System Integrity Fund.
11.	The board reviewed 2025 capital credit allocations.
12.	The board adopted a resolution to approve an extension to RUS AH45 loan relating to the 2023-2026 construction work plan.
13.	Director Gary Waninger reported on the Hoosier Energy board meeting held on May 11. 
14.	The next regularly scheduled Board of Directors meeting will be Wednesday, June 24.