From the Boardroom – January 2022

by Dion Cooper, President & CEO

The Board of Directors held meetings on January 31 to conduct its regular monthly Board Meeting to discuss and review several agenda items. During the meetings, they approved the Minutes of the last Board meeting and accepted the reports of the Attorney, President and Vice Presidents. In addition, Southwest Arkansas Telecommunication & Technology also held a regular Board Meeting.

SWAECC Agenda Items Reviewed and Actions Taken

The Board of Directors authorized the Cooperative to continue its support of Touchstone Energy through the payment of its annual dues.

The Board confirmed the changed in the March regular Board Meeting date and time to March 26, 2022, at 10 a.m. to coincide with the Annual Meeting scheduled for Saturday, March 26, 2022, at 1 p.m. at the Headquarters Building.

The Board appointed a Nominating Committee consisting of Russell Pendergraft, Tommy Isbell, Jim Alford, Don Stemple, Alan Green, Jamie Stevens, Andy Youngblood and Warren Plyler. The committee met during a short recess and upon the meeting being called back to order, the committee reported that it would place into nomination Rickie Barnard of Columbia County.

The Board authorized the chairman to sign RUS Form 266 as an acknowledgement and support of the form’s guidelines, rules and laws.

The Board accepted the distribution amount of $33,208.71 from Arkansas Electric Cooperative, Inc.

The President reported that Arkansas Electric Cooperative Corporation is allocating Patronage Capital for the fiscal year ending October 31, 2021, in the amount of $16,622,020. SWAECC’s portion is $820,959.13.

The Board accepted the patronage credit allocation from NISC in the amount of $26,814.11.

The President reported that $4,181,418.28 of the $5 million in Capital Credit checks issued by the Cooperative in December have been cashed by the Membership.

The Board authorized a donation of $1,500 to the Arkansas Independent Colleges and Universities.

The President was selected to serve as the voting delegate at the 2022 NRTC Annual Meeting.

Vice Chairman Warren Plyler and Chairman Russell Pendergraft were selected to serve as the 2022 Voting Delegate and Alternate Voting Delegate, respectively, during the 2022 PowerXchange Annual Meeting.

The Board authorized changes to be made to the Cooperative’s Interconnection of Distributed Resources Net Metering Policy and for those changes to be reviewed in a future meeting.

The Board approved 95 new member applications making the total number of members to date 18,782.

SWATT Agenda Items Reviewed and Actions Taken

The President presented several updates including future fiber installation, current pre-registrations for service and RDOF.