Basin Electric adds another seat to the Board of Directors' table

Theres a new Class A member of the Basin Electric co-op family Corn Belt Power Cooperative, Humboldt, IA.

On Aug. 13, delegates from throughout the Basin Electric membership voted to ratify two amendments. The first updated the descriptions of Districts 1, 4, 5 and 8 to reflect the counties where the headquarters of each distribution cooperative is located. The second, created District 11 Corn Belt. A new district means there will be another seat at the table on the Basin Electric board of directors.

Today we took a step to further the organization of Basin Electric, said Ron Harper, Basin Electric CEO and general manager, following the approval of the membership.

According to Ken Kuyper, Corn Belt executive vice president and general manager, the boards and staff of both Basin Electric and Corn Belt worked a lot of hours doing studies, building models and fi nalizing contracts for Corn Belt in preparation for Class A membership. We appreciate everything you (Basin Electric) have done for us. You heard a call from Iowa. We said, Can we talk? and you said, Yes, Kuyper said.

Corn Belt became a Class D member of Basin Electric represented through District 9 in 1998. A few years later, Basin Electric and Corn Belt partnered on the construction of the Earl F. Wisdom Generating Station Unit 2, a peaking power resource. Then, in 2006, Basin Electric directors approved a 50-megawatt long-term member contract with Corn Belt. Today, the generation and transmission cooperative is Basin Electrics newest Class A member. Corn Belt provides electricity to 11 member distribution cooperatives and one municipal electric cooperative (NIMECA) in 41 counties in northern Iowa.

Immediately following the special membership meeting, Corn Belts Board President Don Feldman and Basin Electrics President Wayne Child signed the contracts for power supply, power purchases, scheduling and transmission lease arrangements.

Beginning in September, instead of 10 directors at the Basin Electric board table, there will be 11.

www.basinelectric.com

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