PREMA's 71st Annual Meeting - 2016
Panhandle Rural Electric Membership Association (PREMA) held its 71st Annual Meeting Tuesday, May 24 in Hyannis. Members were given attendance gifts and entered into a drawing for a $50 Gift Card and two $25 bill credits.
Dale Berndt, President of the Board for PREMA, called the meeting to order and reported that Marty Larsen and Bryan Monahan were elected to the PREMA board of directors to represent District #1. He reported that 2015 was a good year both financially and operationally.
Berndt thanked the employees for their work over the past year, noting their contribution to a successful year.
General Manager, Ryan Reiber, reviewed the 2015 financial report and highlighted the previous year’s operational activities. PREMA received $11.7 million in operating revenue. The major operating expense was power cost at $6.2 million. Operations added over $557,098 in upgrades and replacements to the utility plant. PREMA ended the year with total net margins of $903,505. Total assets as of December 31, 2015 are $38.4 million. PREMA also returned $472,749 of capital credits to its members.
Reiber also touched on some of the new technology PREMA is using. A new website was implemented that allows the staff to update the content. Along with the new website we have “Smart Hub”, a newer version of E-bill. Smart Hub allows the members to view their account information, weather history and billing data. PREMA is also using Facebook and the website to inform and communicate with members.
Two PREMA employees were recognized for achieving milestone years of service in the calendar year 2015 which included: Steve Ash, 25 years and Stacey Amm, 20 years.
|Steve Ash||Stacey Amm|