Basin Electric’s 2022 Bylaw Review Committee met Sept. 8 and Oct. 7. Both meetings were held virtually. The role of the committee, which is made up of one manager and one director from each district, is to review proposed amendments to the bylaws and provide recommendations to the membership.
During the Sept. 8 meeting, members of the committee elected Doug Hardy, CEO of Central Montana Electric Power Cooperative, as chairperson. The committee then reviewed an amendment to increase the amount Basin Electric can hold as deferred revenue from the current $300 million until Dec. 31, 2023 (at which point the total cannot exceed $200 million) to $500 million until Dec. 31, 2024 (at which point the limit would again be $200 million). At the Oct. 7 meeting the committee voted to recommend the amendment to the membership.
As required by the bylaws, the proposed amendment was included in the Notice of Annual Meeting, which was mailed on Oct. 12. The members will have the opportunity to vote on the proposed amendments at Basin Electric’s Annual Meeting on Nov. 9.
