cef 2015 annual meeting slides
Post on 22-Jan-2018
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Annual Member Meeting Slide 1
Annual Member Meeting
Welcome!! Grab some food & chat with fellow members.
We will start around 6:15 pm.
Annual Member Meeting Slide 2
Tonight’s Agenda:
• Individual Introductions
• April 2014-2015:• Overall Co-op Update• Financial Update
• Question & Answer
• Member Discussion & Resolutions
• Board Elections
Annual Member Meeting Slide 3
Priorities for 2014
Annual Member Meeting Slide 4
End of 2014 Benchmarks
Qualitative•All solar lease projects in progress or complete•More resources on the website•Bi-monthly website updates
Measurable•4+ work parties•Over 115 members •4-5 Board members
Annual Member Meeting Slide 5
Membership GrowthM
embe
rs
Annual Member Meeting Slide 6
Renewable Energy Partners
Partnerships Growth…
Annual Member Meeting Slide 7
MemberCommunications
Monthly newsletter!
•Board meetings•Member offerings •Energy & Community News•Energy Efficiency Work Parties
FEEDBACK?
Annual Member Meeting Slide 8
Solar PV InstallationsMade in Minnesota (MiM) Rebate Trends
Annual Member Meeting Slide 9
Community Solar Gardens (CSG)
Annual Member Meeting Slide 10
CEF Community Solar
First CEF Project!!
Annual Member Meeting Slide 11
Future Opportunities
• Energy Corridor Solar Map picEnergy Innovation Corridor As much as 10 MW of solar potential
Annual Member Meeting Slide 12
2014 Financial Summary
2014 Profit and LossIncome $9,292
Expense $11,702
Net Income -$2,404
2013 Profit and LossIncome $1,871
Expense $3,704
Net Income -$1,833
Current Assets at Year End2014 $7,393
2013 $9,409
2012 $10,154
*$3,000 forthcoming (attributable to 2014)
**2015 Year End Asset** Already $35,000 in Income Expected
Annual Member Meeting Slide 13
Financial Characterization (conceptual)
Year1
Year2
Year3
Year4
Year5
Year6
Year7
Year8
Loan
Annual Member Meeting Slide 14
Draft 2015 Goals
1. Membership • >200 members• More diverse
1. Attract and maintain 8 board members2. Operationalize 1-2 community solar projects
• Incorporate local workforce development opportunities• First project 80% subscribed by year end• Minimum of 40% subscribed to low-income individuals• Actualize an online subscriber interface
**Members: What feedback do you have about these proposed priorities?
Annual Member Meeting Slide 15
Hearing from Members
1. What do you think about the CEF 2015 priorities? Do they align with what you hope to be a part of as a member of CEF?
2. Are there other priorities that you would like the board to take into further consideration?
Annual Member Meeting Slide 16
Short Break
5 minutes
Annual Member Meeting Slide 17
Members: Discuss & Resolve
ISSUE: Extent of Member ControlTo what extent should the cooperative (members) maintain ownership and operational control over community solar projects that it helps to develop and subscribe?
Other ways of asking this…•Should CEF act as a finance and engagement management partner on community solar gardens for which it is not the owner or primary decision maker?
•Should members have cooperative ownership of the solar installations that they subscribe to through CEF?
Annual Member Meeting Slide 18
Members: Discuss & Resolve
**A call for member resolution**
Annual Member Meeting Slide 19
Members: Discuss & Resolve
ISSUE: Extent of Member ControlSample Resolution AThe CEF Membership resolves that any and all community solar project partnerships, for which CEF arranges XX% (e.g. 20%) or more of the shares, shall be arranged so as to allow for complete cooperative ownership and operational control.
Sample Resolution BThe CEF Membership resolves that the CEF may engage in community solar partnerships that relinquish cooperative control by CEF members over the operations of community solar garden owned and operated by partners, to the extent that there is significant opportunity to make solar shares available to diverse, local communities.
Annual Member Meeting Slide 20
Board Elections
Current NomineesWilliam EmoryMinnesota AFL-CIO, Path to Power Prog.
Current CEF member
Ryan HentgesMN Valley Electric CooperativeCurrent CEF member
Megan Hoye Center for Energy and Environment
Incumbent Board Member: Chair 2013-15
Ralph JacobsonOwner, Innovative Power SystemsCurrent CEF member
Mary Kay OlsonCurrent CEF member
Jacob Rounds Incumbent Board Member: Treasurer 2013-15
Jamez StaplesFounder, Renewable Energy Partners
**Call for additional nominations**
Annual Member Meeting Slide 21
Election Process
Annual Member Meeting Slide 22
Closing Thoughts
• Thank you to Board members!• Engage CEF:
• Open Board meetings take place monthly (usually here)• Tweet or Facebook CEF
• Provide Year Round Feedback: • Want to share any additional thoughts, please leave us a note.• Send thoughts you have via letter or email ( info@cooperativeenergyfutures.org )
Thank you for attending!
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