Go to https://attendee.gotowebinar.com/recording/6470359179798473984 to watch the 2023 Annual Meeting Video
LYREC held their 87th annual meeting at the Richland County Event Center on June 7th. There was a total of 277 members in attendance along with their guests.
CEO Jason Brothen updated the membership on the material shortages which is one of LYREC's major challenges. Brothen reported that although it has been difficult to get the materials we need in a timely manner, LYREC has come up with some innovative ways to get material. Brothen reported on the benefits of shared services. He discussed projects that LYREC is currently working on and plans for later this year.
Brothen reported that LYREC takes cyber security serious and that LYREC is taking measures to protect our facilities to prevent an attack on the grid. He asked for the memberships help in reporting anything that looks suspicious around LYREC's substations or other facilities.
President Thiessen reported that Brenner, Averett & Co. completed the audit. Thiessen reported that $1,040,000 in capital credits were returned this year and LYREC will access the financial condition later this year to determine if additional capital credits will be returned at year-end. Thiessen reported that LYREC does not anticipate a rate increase this year. He reported on Upper Missouri Power Cooperative, Basin Electric Power Cooperative and Western Area Power Administration.
Joe Shiffer, Vice President from Mid-Yellowstone Electric Cooperative reported on shared services.
Ann Bouchard, President of Operation Round Up reported on Operation Round Up.
Drae Nelson, 2022 LYREC Washington, D.C. Youth Tour representative reported on his trip.
Attorney Jason Holden reported on the Nominating Committee that met March 2, 2023. Following the committee's work, they nominated only one candidate per district: accordingly, the election of trustees were by acclamation. Dennis Nelson was re-elected for District 5. Greg Rauschendorfer was re-elected for District 6. Allen Thiessen was re-elected for District 7.
Vice President Greg Rauschendorder presented the $1,000 scholarships. The winners were Abby Hecker, Allyson St. Pierre, Andoni Idoate, Aubree Johnson, Ben Carlsen, Drae Nelson, Emilee Iversen, Hannah Anderson, Jace Bell, Jesse Strickland, Keela Kary, Lexi Morlock, Sophie Peters, Taylor McPherson, Whitney Van Hook, Max Nicholson, Burton Polari, Jesse Selting, Kiawna Eide, Lacie Selting and Maysen Mindt.
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