More than 700 member cooperative employees, directors, public officials, and utility representatives attended Basin Electric’s 2022 Annual Meeting of its membership on Nov. 9. The meeting focused on the many benefits of being part of Basin Electric’s cooperative family.
“Courage. Commitment. Cooperation.” was chosen as the cooperative’s 61st annual meeting theme to highlight what it took to form Basin Electric’s cooperative family, and what it takes today to continue to move forward, evolve, and grow.
Basin Electric’s focus is providing reliable, affordable, and responsible energy for its members. The presentations reviewed Basin Electric’s current operations, financial strength, and continued commitment to its members.
Basin Electric Board President Wayne Peltier, representing District 9 and Minnesota Valley Cooperative Light and Power, Montevideo, Minn., talked about returning value to cooperative members. “As your board of directors, we are dedicated to returning value to our past, present, and future members because that is what co-ops do,” Peltier said. “In total since November of last year, Basin Electric has returned over $263 million of value to our members in the form of patronage retirements, bill credits, and rate reductions. We hope these actions not only demonstrate that commitment but also help you strategically plan for the opportunities and challenges you face in serving the members at the end of the line now and for many years to come.”
Basin Electric General Manager and CEO Todd Telesz said the cooperative’s key strengths of geographic diversity, operational scale, and financial strength have enabled the cooperative family to drive economic prosperity for rural America. He gave three distinct examples of how electric cooperatives have supported major growth: the Powder River Basin, ethanol industry growth, and the Bakken oil region boom. “As we look to the future, we have major member growth expectations to meet. Our construction cycle over the next five to ten years will rival what we built over the past 15 years. Many talk about the concept of energy independence, but few can lay claim to delivering on it the way Basin Electric and our membership has, and will continue to do,” Telesz said. “Basin Electric’s assets are the engines of commerce for a service territory that feeds and fuels a nation. Our all-of-the-above energy strategy helps to deliver on our membership’s top two goals — reliable and affordable electricity, produced in a safe and environmentally responsible manner.”
Highlights:
Andy Buntrock Vice president of strategic planning and communications 701-400-9199 or 701-557-5353
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1717 East Interstate Avenue | Bismarck, ND 58503-0564 USA
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