Sept 2017_CEO newsletter

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CREA even supports communication departments to reach each and every member. Gormley moved on to the business report of the meeting, where this year, the CEO and President combined their report which was a hit! Walch first ensured that every member understood that GVP employees – from directors, to front-line employees – were asked and evaluated “what is it that we do?” From this review, it led us to our mission statement, Empowering Lives with Hometown Service, and our guiding principles that will lead us to achieve this mission. Those four principles are: We are committed to the safety of our workforce and the general public; We strive to do the right thing, holding true to our values and principles; We seek to find new and better ways to serve our members and communities; We are dedicated to delivering value to all we serve. Each principle was broken down to how we are adopting each into our service we provide to you- our members and the ones that rely on us each day. The first principle, and by no coincidence, is safety to our workforce and general public. This is no easy task and Singer acknowledged this by presenting Grand Valley Power with an award for No-Lost Time Accidents in 2016. As a team, we’ve adopted a Culture of Safety (which you may have read about in the May 2017 Colorado Country Life issue.) Internally, we train on a variety of topics from CPR to phishing and malware attacks. As an organization, we also provide the general public with safety demonstrations about electric hazards. The second principle, striving to do the right thing and holding true to our values was demonstrated by the cooperatives commitment to retiring capital credits, to the amount of $1.6 million, which is the greatest amount of capital credits repayments to date! The third principle, seeking new and better ways to serve our communities, included highlights of supporting education such as expanding the scholarship program, playing a leading role in economic development with the Grand Junction Chamber of Commerce and the Grand Junction Economic Partnership, and fundraising for the St. Baldrick’s Foundation. Rounding out the evening, Walch discussed the final principle of delivering value to all we serve, with a financial recap of 2016. Some of the highlights included: • Our finances are strong. Margins exceeded budget projections, coming in just under $2.3 million. • Equity continues to grow, closing the year at a healthy 35.60 percent. • Our service reliability, measured by average outage minutes and service availability, ranked second best among Colorado cooperatives. • Our renewable energy portfolio continues to expand, as more than 30 percent of the energy provided to Grand Valley Power consumers in 2016 came from renewable resources. This is one of the best marks in the state. • In 2016, 39 out of 41 of respondents – more than 95 percent – gave us five stars for customer service. Concluding the report, Gormley talked about our challenges that lie ahead, with ever-changing targets and expectations that we’ll navigate. I can assure you the 42 talented employees of GVP work diligently and proudly with our members in mind. To round out the evening, Gregg Kampf, our general counsel, read aloud the candidates for the board of directors starting first with Janie VanWinkle, and then Bob Saunders, Don McClaskey and John Gormley. You can view our results online, and in this issue of the CCL! Walch then recognized our employee service awards. The end of the evening concluded with our giveaways with a variety of gift cards, Whitewater Hill Vineyard gift certificates, bill credits and a $500 value of ten solar panels for 12 months of production! Each guest received our door prize, which was a set of wine glasses frosted with our new logo! I must say I enjoyed meeting our members, seeing our event come full circle, and watching as each person in the room see the hard-work that our cooperative does - we empower lives with hometown service 365 days a year. I’m proud of our team’s accomplishments and look forward to a bright future with Grand Valley Power.
The Colorado Mountain Winefest was recently voted the BEST festival in the Nation! Take in all that Colorado Winefest has to offer from food and wine pairings, chocolate and wine tastings, educational seminars and more. The “Festival in the Park” takes place on Saturday, September 16, 2017 and is the state’s largest and oldest wine festival featuring dozens of Colorado wineries, live music, a grape stomp, chef demonstrations & seminars. Check out the full schedule online and tickets sales at the coloradowinefest.com/ Find videos, tips and more on our facebook and twitter feeds all month long
Page 1: CEO’s Corner GRAND VALLEY POWER

Sept 2017_CEO newsletter

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