SIEC's Nominating Committee NEEDS YOUR HELP FINDING DIRECTOR CANDIDATES! Please call any of the following Nominating Committee Members with your suggestions...
Duane Bales 641-459-3421 Don Farland 641-938-2788 Rex Harris 641-895-3084 Max Leyda 641-208-2021 David Swaim 641-208-5543 Doug Turner 641-919-4512 Charles Warner 319-592-3111
SEE THE FOLLOWING HEADLINES BELOW:
SIEC Board Meeting Summary March 2014 What does it cost to construct NEW power lines? Monthly FIXED Charge allows DECOUPLING from VARIABLE Energy Revenue!!
INTEGRITY & ACCOUNTABILITY SIEC Motto: "YOU HAVE A VOICE WITH US"
SIEC Board Meeting Summary March 2014
- Review CPA Audit for fiscal year 2013 - Approve year end 2013 Margin Allocation Resolution - Review year end 2013 Reliability Report - Review Understanding Co-op Costs per Meter per Month - Review ACT meeting March 20th including E-business feedback - Approve Patronage Capital Credit Estate Payout - Review Policy GB-4 Instructions to Nominating Committee - Appoint Nominating Committee in prepartion for Board election - Review Adjusted Annual Budget & preliminary ratio comparisons - Discuss next steps for future consideration of Community Solar - Concensus reached to include environmental cost on consumer bills
Summary of a few of the Six Year Work Plan Costs: (Please contact our office if you want more info on the even more expensive cost of generation & transmission lines)
18 miles of Singal Phase Overhead $58,000/mile
21 miles of Three Phase Overhead $88,000/mile
13 miles of Three Phase (heavier conductor) $115,000/mile
Monthly FIXED Charge allows DECOUPLING from VARIABLE Energy Revenue!!
Every electric company has two kinds of costs: fixed and variable. Fixed costs include personnel, equipment and distribution lines that must be paid despite weather conditions or energy sales. Variable costs are fluctuating costs such as the price paid for electricity and the amount of electricity used by the member. Revenue decoupling is just a way of separating the revenue, the fixed cost of distribution from the ups and downs of electricity consumed.
Revenue decoupling enables full support of energy efficiency as required by the Iowa Utilities Board (IUB) and its resulting environmental benefits without having to sacrifice financial stability. Utility rate structures are based upon averages. The advantage to YOUR Co-op is less undercharging in moderate weather. The advantage to YOU is less high bill complaints in extreme weather.
Revenue decoupling only addresses the delivery portion, about 25%, of YOUR total bill. It is important to remember that the cost of the electricity, the actual energy consumption, makes up the majority of YOUR bill – typically about 75%. As YOU choose YOUR consumption it is reflected in the supply portion of YOUR bill.
Nondiscrimination Statement: In accordance with Federal law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, age, disability, religion, sex, and familial status. (Not all prohibited bases apply to all programs). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington D.C. 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).