draft of the plan - Kauai Island Utility Cooperative

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STRATEGIC GOALS AND ACTIONS Strategic Goal A: Implement energy solutions, including diversification of power supply and reduced dependency on fossil fuel Actions A1: Achieve 50% renewables by 2023 A2: Enhance existing energy efficiency programs and incentives A3: Collaborate with others on energy efficient solutions A4: Efficiently manage end-user generation A5: Optimize smart grid A6: Manage local fuel sources, self-sufficiency, and storage Strategic Goal B: Enhance member satisfaction and support Actions B1: Work diligently to help reduce members’ utility bills. B2: Utilize technology to improve the quality of member engagement. B3: Maintain a reliability standard better than the average of Hawaiʻi utilities while controlling costs. B4: Keep members informed. Strategic Goal C: Improve employee development and workforce excellence Actions C1: Improve safety culture. C2: Help employees achieve professional excellence C3: Embrace diversity, acknowledge its power and integrate training that builds a respectful and collaborative workforce C4: Develop employment opportunities for Kauaʻi residents. C5: Maintain effective Board/Staff team by strengthening trust and confidence among directors, staff, and employees. Strategic Goal D: Ensure Financial Stability Actions D1: Ensure fair and competitive rates D2: Maintain and improve lender relations D3: Keep costs at or below the rate of inflation D4: Utilize effective risk management tools to reduce the cooperative’s financial exposure. 6
IMPLEMENTATION The Strategic Plan goals and actions will be implemented effectively upon approval by the KIUC Board of Directors according to the following guidelines: 1. The Strategic Plan will be implemented by an Agenda for Action (AFA) that will cover a two-year increment period. The KIUC leadership team will review the Strategic Plan every year and develop a “rolling” Agenda for Action that covers the following two years. 2. The Agenda for Action will be developed by the KIUC Management Team through collaboration with the Board Strategic Planning Committee (BSPC). Together, they will identify the outcomes for each action and the time line. Management will be responsible for carrying out the specific actions, and periodically, will provide a status report of progress and achievement of each actions and outcomes. The BSPC will have oversight of the AFA to ensure that the Strategic Plan is implemented in a timely manner. 3. The Strategic Plan will be reviewed monthly by the responsible units/individuals to keep on target or to make adjustments to the Plan. 4. The KIUC CEO will make quarterly and annual reports to the KIUC Board of Directors through the BSPC. 5. The BSPC will be responsible for initiating the development of the next Strategic Plan at an appropriate time. The Strategic Plan sets the overall direction of KIUC and intends to benefit members, directors, and all employees of KIUC. 7
Page 1 and 2: STRATEGIC PLAN UPDATE 2013-2025 (Dr
Page 3 and 4: This is not only a technological ch
Page 5: VISION, MISSION, AND CULTURE Vision
Page 9 and 10: inform the general public, particul
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draft of the plan - Kauai Island Utility Cooperative

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