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Basin Electric Annual Meeting Set for Nov. 4-5

Basin Electric’s 2009 annual meeting is a week away. The theme for this year’s meeting is “Stability in a Climate of Change.”

Basin Electric Power Cooperative - October 28, 2009

Bismarck, N.D. – Basin Electric’s 2009 annual meeting is a week away. The theme for this year’s meeting is “Stability in a Climate of Change.” It’s being held Wednesday and Thursday, Nov. 4-5 at the Ramkota Hotel in Bismarck, N.D. The meeting begins at 12:50 p.m. in the Dakota Ballroom.

The meeting’s keynote address will be presented by John Doggett, Senior Lecturer at the McCombs School of Business, University of Texas at Austin. His presentation is titled: “Don’t Blink: The emergence of new global markets and what it means for you.” Doggett is scheduled to speak at 1:25 p.m., Nov. 4.

Ron Harper, Basin Electric CEO and general manager, will outline the past year’s activities, as well as the cooperative’s decisions, accomplishments and some of the challenges facing Basin Electric and its membership. Reports on generation and transmission will also be given on opening day of the annual meeting.

A pre-conference session is planned for Wednesday, Nov. 4, prior to the start of the annual meeting. It will feature two panel discussions – one on skyrocketing healthcare costs; the other on the changes of employee benefits and pension costs. This session begins at 9 a.m.

Thursday morning, the meeting reconvenes at 8:20 a.m. with the Government Action Report and additional staff reports from Finance, Dakota Gasification Company and Dakota Coal Company.

Voting on resolutions follows as well as election results for director seats from District 1 – East River Electric Power Cooperative, District 3 – Central Power Electric, and District 8 – Upper Missouri G&T.

Tours to the Great Plains Synfuels Plant, Antelope Valley Station and The Coteau Properties Company Freedom Mine are scheduled to begin at 7 a.m. Wednesday morning. They will be complete before the annual meeting convenes at 12:50 p.m.

For more information about the annual meeting and to view a detailed agenda, visit Basin Electric’s Web site at www.basinelectric.com.

About Basin Electric Power Cooperative

Basin Electric is a consumer-owned, regional cooperative headquartered in Bismarck, N.D. It generates and transmits electricity to 136 member rural electric systems in nine states: Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming. These member systems distribute electricity to about 2.8 million consumers.

Basin Electric’s generating resources include: two coal-based power plants in North Dakota – the Antelope Valley Station, Beulah, and the Leland Olds Station, Stanton; a coal-based power plant in Wyoming – the Laramie River Station, Wheatland; three peaking stations – the Spirit Mound Station, Vermillion, S.D.; the Groton Generation Station Groton, S.D., and the Wisdom Unit 2 Station, Spencer, Iowa; nine combustion-turbine generators (natural gas) in the Gillette, Wyo., area; four wind turbines – two near Minot, N.D., and two near Chamberlain, S.D.; and 80 wind turbines near Minot, N.D. (2010). Basin Electric is also the sole purchaser of electricity from sources operated by others including: six baseload waste-heat stations owned and operated by Ormat Technologies Inc. along the Northern Border Pipeline; the output of three wind farms owned and operated by NextEra Energy Resources, Juno Beach, Fla. (These wind farms are located near Wilton and Edgeley/Kulm, N.D.; the other is near Highmore, S.D.) Basin Electric has purchase power agreements of varying capacities from the Neal IV Station (coal-based), Sioux City, Iowa, operated by MidAmerican Energy; the Walter Scott Station (coal-based) units 3 and 4, Council Bluffs, Iowa, operated by MidAmerican Energy; the Wisdom Station (coal based), Spencer, Iowa, operated by Corn Belt Power Cooperative; peaking stations located in Spencer, Esterville, Pocahontas, and Webster City, Iowa; the Duane Arnold Energy Center (nuclear), Cedar Rapids, Iowa, operated by NextEra Energy Resources; the Municipal Energy Agency of Nebraska; and three Iowa wind farms – near Superior/Lakota, operated by Iowa Lakes Electric Cooperative; in Hancock County operated by NextEra Energy Resources and in Palo Alto County operated by Crosswind Energy, LLC. For more information, go to www.basinelectric.com.

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