The Basin Electric board of directors and senior staff held a strategic planning session Oct. 10-11, 2022 prior to October’s board meetings. Strategic planning is part of a continuous effort to develop and monitor strategic planning initiatives for Basin Electric and its subsidiaries.
Andy Buntrock, Basin Electric vice president of Strategic Planning and Communications, said several topics were covered, including:
- The calendar and timeline for 2023 strategic planning meetings, as well as dates and tasks from each department that supports this process;
- Margin philosophy, including targeted consolidated margin and appropriate deferral levels;
- Basin Electric’s Sustainability Report, a publication to highlight the cooperative’s dedication to being good stewards of its communities and the environment;
- Future business options for Dakota Gasification Company; and
- Additional analysis in 2023 on potential risk factors to ensure the ability to absorb future volatility in commodities, inflation, interest rates, and load growth.
Buntrock said the strategic planning structure is an ongoing process with several sessions held every year.
