CEO meets with member directors
EnergyLines April 2019
Walker discusses strategic priorities, presents patronage information to member cooperatives
Member Focus: It’s one of the eight strategic priorities approved in October by Hoosier Energy’s Board of Directors. Since that time, CEO Donna Walker has met with the boards of all 18 member co-ops.
“The member meetings have been very productive,” said Walker. “They offered a great opportunity for open discussion on how we can best collaborate with member co-ops to produce, manage and deliver energy to their communities and to provide them with effective support services.”
During the meetings, Walker reviewed the strategic priorities and also responded to directors’ questions. They ranged from “How are you settling into your new job?” to topics such as Hoosier Energy’s initiatives to meet consumers’ energy-management preferences, manage power supply resources and contain costs.
The Board of Directors authorized Hoosier Energy to retire $6.5 million in patronage capital in 2018 – the 19th consecutive year of giving back. Patronage capital refers to co-op revenue that remains after paying expenses. Hoosier Energy’s policy is to retain margins for 25 years to cover operating expenses and then retire funds to member cooperatives.