cef 2015 annual meeting slides

Annual Member Meeting Slide 1

Annual Member Meeting

Welcome!! Grab some food & chat with fellow members.

We will start around 6:15 pm.


Tonight’s Agenda:

• Individual Introductions

• April 2014-2015:• Overall Co-op Update• Financial Update

• Question & Answer

• Member Discussion & Resolutions

• Board Elections


Priorities for 2014


End of 2014 Benchmarks

Qualitative•All solar lease projects in progress or complete•More resources on the website•Bi-monthly website updates

Measurable•4+ work parties•Over 115 members •4-5 Board members


Membership GrowthM

embe

rs


Renewable Energy Partners

Partnerships Growth…


MemberCommunications

Monthly newsletter!

•Board meetings•Member offerings •Energy & Community News•Energy Efficiency Work Parties

FEEDBACK?


Solar PV InstallationsMade in Minnesota (MiM) Rebate Trends


Community Solar Gardens (CSG)


CEF Community Solar

First CEF Project!!


Future Opportunities

• Energy Corridor Solar Map picEnergy Innovation Corridor As much as 10 MW of solar potential


2014 Financial Summary

2014 Profit and LossIncome $9,292

Expense $11,702

Net Income -$2,404

2013 Profit and LossIncome $1,871

Expense $3,704

Net Income -$1,833

Current Assets at Year End2014 $7,393

2013 $9,409

2012 $10,154

*$3,000 forthcoming (attributable to 2014)

**2015 Year End Asset** Already $35,000 in Income Expected


Financial Characterization (conceptual)

Year1

Year2

Year3

Year4

Year5

Year6

Year7

Year8

Loan


Draft 2015 Goals

1. Membership • >200 members• More diverse

1. Attract and maintain 8 board members2. Operationalize 1-2 community solar projects

• Incorporate local workforce development opportunities• First project 80% subscribed by year end• Minimum of 40% subscribed to low-income individuals• Actualize an online subscriber interface

**Members: What feedback do you have about these proposed priorities?


Hearing from Members

1. What do you think about the CEF 2015 priorities? Do they align with what you hope to be a part of as a member of CEF?

2. Are there other priorities that you would like the board to take into further consideration?


Short Break

5 minutes


Members: Discuss & Resolve

ISSUE: Extent of Member ControlTo what extent should the cooperative (members) maintain ownership and operational control over community solar projects that it helps to develop and subscribe?

Other ways of asking this…•Should CEF act as a finance and engagement management partner on community solar gardens for which it is not the owner or primary decision maker?

•Should members have cooperative ownership of the solar installations that they subscribe to through CEF?



**A call for member resolution**



ISSUE: Extent of Member ControlSample Resolution AThe CEF Membership resolves that any and all community solar project partnerships, for which CEF arranges XX% (e.g. 20%) or more of the shares, shall be arranged so as to allow for complete cooperative ownership and operational control.

Sample Resolution BThe CEF Membership resolves that the CEF may engage in community solar partnerships that relinquish cooperative control by CEF members over the operations of community solar garden owned and operated by partners, to the extent that there is significant opportunity to make solar shares available to diverse, local communities.


Board Elections

Current NomineesWilliam EmoryMinnesota AFL-CIO, Path to Power Prog.

Current CEF member

Ryan HentgesMN Valley Electric CooperativeCurrent CEF member

Megan Hoye Center for Energy and Environment

Incumbent Board Member: Chair 2013-15

Ralph JacobsonOwner, Innovative Power SystemsCurrent CEF member

Mary Kay OlsonCurrent CEF member

Jacob Rounds Incumbent Board Member: Treasurer 2013-15

Jamez StaplesFounder, Renewable Energy Partners

**Call for additional nominations**


Election Process


Closing Thoughts

• Thank you to Board members!• Engage CEF:

• Open Board meetings take place monthly (usually here)• Tweet or Facebook CEF

• Provide Year Round Feedback: • Want to share any additional thoughts, please leave us a note.• Send thoughts you have via letter or email ( [email protected] )

Thank you for attending!